NABUS
ActiveSummary
NABUS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €696k and a net result of €35k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▼-15
Solvency91=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.98 against 2.9 in 2024; short-term debt: 31.6% and cash: 18.3% of total assets), and 33.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.3%
Return on assets
3.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
2 d early
2023
20 d early
2022
17 d early
2021
11 d early
2020
17 d early
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€696k▲ 5.4%
2024 · €661k
2018: €375klowest in 8 years
2019: €432k▲ +15.2% vs 2018
2020: €504k▲ +16.7% vs 2019
2021: €590k▲ +17.2% vs 2020
2022: €505k▼ -14.5% vs 2021
2023: €592k▲ +17.2% vs 2022
2024: €661k▲ +11.6% vs 2023
2025: €696k▲ +5.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.05M▲ 4.5%
2024 · €1.01M
2018: €577klowest in 8 years
2019: €604k▲ +4.8% vs 2018
2020: €693k▲ +14.6% vs 2019
2021: €783k▲ +13.1% vs 2020
2022: €852k▲ +8.7% vs 2021
2023: €938k▲ +10.1% vs 2022
2024: €1.01M▲ +7.2% vs 2023
2025: €1.05M▲ +4.5% vs 2024highest in 8 years
2018 → 2025
Net result
€35k▼ 48.6%
2024 · €69k
2018: €80k
2019: €57k▼ -28.6% vs 2018
2020: €72k▲ +26.8% vs 2019
2021: €86k▲ +19.8% vs 2020
2022: €69k▼ -20.7% vs 2021
2023: €87k▲ +26.9% vs 2022highest in 8 years
2024: €69k▼ -20.9% vs 2023
2025: €35k▼ -48.6% vs 2024lowest in 8 years
2018 → 2025
Working capital
€657k▲ 8.3%
2024 · €607k
2018: €346klowest in 8 years
2019: €404k▲ +16.9% vs 2018
2020: €487k▲ +20.3% vs 2019
2021: €583k▲ +19.8% vs 2020
2022: €503k▼ -13.7% vs 2021
2023: €532k▲ +5.6% vs 2022
2024: €607k▲ +14.1% vs 2023
2025: €657k▲ +8.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€590k-€505k▼ 14.5%€592k▲ 17.2%€661k▲ 11.6%€696k▲ 5.4%
2021: €590k
2022: €505k▼ -14.5% vs 2021lowest in 5 years
2023: €592k▲ +17.2% vs 2022
2024: €661k▲ +11.6% vs 2023
2025: €696k▲ +5.4% vs 2024highest in 5 years
Operating result€127k-€107k▼ 15.8%€126k▲ 17.4%€100k▼ 20.5%€54k▼ 46.2%
2021: €127khighest in 5 years
2022: €107k▼ -15.8% vs 2021
2023: €126k▲ +17.4% vs 2022
2024: €100k▼ -20.5% vs 2023
2025: €54k▼ -46.2% vs 2024lowest in 5 years
Net result€86k-€69k▼ 20.7%€87k▲ 26.9%€69k▼ 20.9%€35k▼ 48.6%
2021: €86k
2022: €69k▼ -20.7% vs 2021
2023: €87k▲ +26.9% vs 2022highest in 5 years
2024: €69k▼ -20.9% vs 2023
2025: €35k▼ -48.6% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 46% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€62k ▼ 21.5%
Current assets
€989k ▲ 6.7%
Equity and liabilities €1.05M
Equity
€696k ▲ 5.4%
Debt
€354k ▲ 2.9%
Debt's share of the balance-sheet total falls from 34.3% to 33.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€71k▼
2024 · €115k
Cash flow
€52k▼
2024 · €84k
Current ratio
2.98▲
2024 · 2.90
Debt to equity
0.51▼
2024 · 0.52
ROE
5.1%▼
2024 · 10.4%
ROA
3.4%▼
2024 · 6.8%
Interest coverage
3.03▼
2024 · 4.30
Debt ≤ 1 year
€332k▲
2024 · €320k
Income taxes
€16k▼
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.01M€1.05M▲
Fixed assets21/28€79k€62k▼
Tangible fixed assets22/27€79k€62k▼
Furniture and vehicles24€74k€58k▼
Other tangible fixed assets26€5k€4k▼
Current assets29/58€927k€989k▲
Amounts receivable within one year40/41€37k€20k▼
Trade receivables40€22k€13k▼
Other amounts receivable41€15k€7k▼
Current investments50/53€719k€766k▲
Cash at bank and in hand54/58€158k€192k▲
Deferred charges and accrued income490/1€13k€10k▼
Equity and liabilities
Total equity and liabilities10/49€1.01M€1.05M▲
Equity10/15€661k€696k▲
Contributions10/11€6k€6k=
Reserves13€655k€690k▲
Tax-exempt reserves132€13k€13k=
Distributable reserves133€642k€677k▲
Amounts payable17/49€345k€354k▲
Amounts payable within one year42/48€320k€332k▲
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€13k€1k▼
Taxes450/3€13k€1k▼
Other amounts payable47/48€306k€328k▲
Accrued charges and deferred income492/3€25k€22k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€17k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€117k€72k▼
Operating profit (loss)9901€100k€54k▼
Financial income75/76B€23k€21k▼
Recurring financial income75€23k€21k▼
Financial charges65/66B€27k€23k▼
Recurring financial charges65€27k€23k▼
Profit (loss) for the period before taxes9903€96k€52k▼
Income taxes67/77€27k€16k▼
Profit (loss) for the period9904€69k€35k▼
Profit (loss) for the period to be appropriated9905€69k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€69k€35k▼
Transfer to equity691/2€69k€35k▼
To other reserves6921€69k€35k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €8k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €2k | €6k | €16k | €17k | ▲ 8.1% |
| Other operating charges640/8 | €1k | €962 | €1k | €1k | €1k | ▼ 1.2% |
| Gross operating margin9900 | €140k | €110k | €133k | €117k | €72k | ▼ 38.3% |
| Operating profit (loss)9901 | €127k | €107k | €126k | €100k | €54k | ▼ 46.2% |
| Financial income75/76B | €5k | €4k | €16k | €23k | €21k | ▼ 8.9% |
| Recurring financial income75 | €5k | €4k | €16k | €23k | €21k | ▼ 8.9% |
| Financial charges65/66B | €8k | €13k | €19k | €27k | €23k | ▼ 13.0% |
| Recurring financial charges65 | €8k | €13k | €19k | €27k | €23k | ▼ 13.0% |
| Profit (loss) for the period before taxes9903 | €125k | €98k | €123k | €96k | €52k | ▼ 46.4% |
| Income taxes67/77 | €38k | €30k | €36k | €27k | €16k | ▼ 41.0% |
| Profit (loss) for the period9904 | €86k | €69k | €87k | €69k | €35k | ▼ 48.6% |
| Profit (loss) for the period to be appropriated9905 | €86k | €69k | €87k | €69k | €35k | ▼ 48.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €783k | €852k | €938k | €1.01M | €1.05M | ▲ 4.5% |
| Fixed assets21/28 | €14k | €12k | €78k | €79k | €62k | ▼ 21.5% |
| Tangible fixed assets22/27 | €14k | €12k | €78k | €79k | €62k | ▼ 21.5% |
| Furniture and vehicles24 | €12k | €10k | €75k | €74k | €58k | ▼ 20.9% |
| Other tangible fixed assets26 | €2k | €2k | €3k | €5k | €4k | ▼ 29.8% |
| Current assets29/58 | €769k | €840k | €860k | €927k | €989k | ▲ 6.7% |
| Amounts receivable within one year40/41 | €29k | €30k | €32k | €37k | €20k | ▼ 45.2% |
| Trade receivables40 | €29k | €30k | €32k | €22k | €13k | ▼ 40.8% |
| Other amounts receivable41 | €65 | €347 | €360 | €15k | €7k | ▼ 51.9% |
| Current investments50/53 | €126k | €349k | €743k | €719k | €766k | ▲ 6.5% |
| Cash at bank and in hand54/58 | €603k | €449k | €72k | €158k | €192k | ▲ 21.4% |
| Deferred charges and accrued income490/1 | €11k | €12k | €14k | €13k | €10k | ▼ 16.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €783k | €852k | €938k | €1.01M | €1.05M | ▲ 4.5% |
| Equity10/15 | €590k | €505k | €592k | €661k | €696k | ▲ 5.4% |
| Contributions10/11 | €160k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €430k | €499k | €586k | €655k | €690k | ▲ 5.4% |
| Non-distributable reserves130/1 | €14k | - | - | - | - | - |
| Reserves not available under the articles1311 | €14k | - | - | - | - | - |
| Tax-exempt reserves132 | €13k | €13k | €13k | €13k | €13k | = |
| Distributable reserves133 | €403k | €486k | €573k | €642k | €677k | ▲ 5.5% |
| Amounts payable17/49 | €193k | €347k | €346k | €345k | €354k | ▲ 2.9% |
| Amounts payable within one year42/48 | €186k | €337k | €328k | €320k | €332k | ▲ 3.8% |
| Trade debts44 | €3k | €3k | €704 | €1k | €3k | ▲ 171% |
| Suppliers440/4 | €3k | €3k | €704 | €1k | €3k | ▲ 171% |
| Taxes, remuneration and social security45 | €19k | €20k | €20k | €13k | €1k | ▼ 90.8% |
| Taxes450/3 | €19k | €20k | €20k | €13k | €1k | ▼ 90.8% |
| Other amounts payable47/48 | €164k | €315k | €308k | €306k | €328k | ▲ 7.1% |
| Accrued charges and deferred income492/3 | €7k | €10k | €18k | €25k | €22k | ▼ 8.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €86k | €69k | €87k | €69k | €35k | ▼ 48.6% |
| + Depreciation and write-downs630 | €12k | €2k | €6k | €16k | €17k | ▲ 8.1% |
| Operating cash flow (approximation) | €99k | €71k | €93k | €84k | €52k | ▼ 38.1% |
| Investment in fixed assets (approximation) | - | €0 | €-73k | €-16k | €0 | ▲ 100% |
| Change in cash | - | €-154k | €-378k | €87k | €34k | ▼ 60.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €35k ▼48.6%
Net result drops to €35k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €87k ▲26.9%
Net result €87k, the highest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500kEq €504k ▲16.7%
3 profitable years in a row build equity to €504k.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Anzegem · 1 establishment unit since 2002
Ground area
2,733 m²
Building footprint
435 m²
Volume, LiDAR
2,031 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kruiskesstraat 78, 8790 Waregem
since 20022.101.588.736
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453D0289/00M000 | Flanders | 1,436 m² | 1 · 248 m² | 6.6 m · 1 fl. |
| 34019B0142/00D000 | Flanders | 1,297 m² | 1 · 187 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
5299001LFU0EYH0U4Y97
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 31,627 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-01-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
nabus@telenet.be
Phone
0478306302
Scores and ratios are computed by Checked and are not a credit decision.