NADEBO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of NADEBO is 0.7% (low). The 2025 annual accounts show equity of €21k and a net result of €9k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 147 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-05-2026, 87 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	05-05-2026	87 d early	2026-00102530
31-12-2024	31-07-2025	19-05-2025	73 d early	2025-00103137
31-12-2023	31-07-2024	12-06-2024	49 d early	2024-00124209
31-12-2022	31-07-2023	14-06-2023	47 d early	2023-00125385
31-12-2021	31-07-2022	08-07-2022	23 d early	2022-20189164

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.7% Low

0%0,5%1,5%4%10%≥25%

Young company +Lower-failure-rate sector −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€10k

EBIT margin11.9%

Net result€9k+71.0%

Working capital€-27k+54.4%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 05-05-2026 with the NBB · fiscal year 2025 · verkort

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~2.9%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 82 · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	17.4%	39.6%	better than 30% of 147 sector peers
Net result	€9k	€51k	better than 26% of 146 sector peers
Equity	€21k	€152k	better than 19% of 147 sector peers
Gross operating margin	€20k	€110k	better than 26% of 144 sector peers
Total assets	€119k	€587k	better than 17% of 147 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P30

Stable position over 2021-2025 · n=147-426

Net result P26

Stable position over 2021-2025 · n=146-426

Equity P19

Weakening position over 2021-2025 · n=147-426

Gross operating margin P26

Stable position over 2021-2025 · n=144-422

Describes the position versus peers, not a forecast.

Revenue

€10k

- 21-25

EBITDA

€20k

+15.5% 21-25

Net profit

€9k

+71.0% 21-25

Cash flow

€10k

-16.8% 21-25

Total assets

€119k

-60.4% 21-25

Equity

€21k

0.0% 21-25

Working capital

€-27k

+54.4% 21-25

Income taxes

€4k

+151.1% 21-25

Dividends

€9k

+88.3% 21-25

Debt

€98k

-64.9% 21-25

Debt ≤ 1y

€40k

-43.8% 21-25

Debt > 1y

€58k

-72.1% 21-25

Current ratio

0.34

+83.9% 21-25

Quick ratio

0.34

+83.9% 21-25

Solvency

17.4%

+152.5% 21-25

Debt / equity

4.76

-64.9% 21-25

ROE

45.7%

+71.0% 21-25

ROA

7.9%

+331.9% 21-25

Net margin

-13.2%

- 21-25

EBITDA margin

56.1%

- 21-25

Interest coverage

3.38

-29.6% 21-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	€20k
Net profit	€9k
Cash flow	€10k
Staff costs	-
Income taxes	€4k
Dividends	€9k
Total assets	€119k
Equity	€21k
Debt	€98k
of which ≤ 1y	€40k
of which > 1y	€58k
Working capital	€-27k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	0.34
Quick ratio	0.34
Working capital ratio	-22.4%
Solvency	17.4%
Debt / equity	4.76
Long-term debt ratio	2.81
Interest coverage	3.38
Gross margin	-
Net margin	-
ROA	7.9%
ROE	45.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €105k · 88.6% Current assets €14k · 11.4%

Equity & liabilities

Equity €21k · 17.4% Debt €98k · 82.6%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€119k
Fixed assets	21/28	€105k
Formation expenses	20	€0
Tangible fixed assets	22/27	€38
Financial fixed assets	28	€105k
Current assets	29/58	€14k
Amounts receivable within one year	40/41	€7k
Cash & bank	54/58	€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€119k
Equity	10/15	€21k
Contributions / capital	10/11	€20k
Reserves	13	€585
Amounts payable	17/49	€98k
Amounts payable after one year	17	€58k
Amounts payable within one year	42/48	€40k
Trade debts payable within one year	44	€3k
Income statement
Gross operating margin	9900	€20k
Operating result	9901	€19k
Financial income	75	€26
Financial charges	65	€6k
Result before taxes	9903	€13k
Income taxes	67/77	€4k
Net result for the period	9904	€9k
Result to be appropriated	9905	€9k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

48 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Connections & network

2 connected companies

Group structure

GROEPSPRAKTIJK CATT

We sit on their board · 1 location

→

LOCATT

We sit on their board · 1 location

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

2 parties

NADEBOBE 0758.714.105

controls

Where this company holds controlthis company sits on their board2

GROEPSPRAKTIJK CATT

1 location

LOCATT

1 location

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Pompestraat 178460 Oudenburg

Establishment units

1 location

NADEBO

Lievestraat 11, 9930 LievegemHandel in eigen onroerend goed

since 20202.310.591.072

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area2,358 m²

Buildings2

Building footprint166 m²

Volume (LiDAR)662 m³

Tallest building8.1 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35004C0308/00D000	Flanders	2,328 m²	1 · 134 m²	8.1 m · 1 fl.
44080B0766/00P002 ProtectedMonumentLoop van de Lieve met rechter trekwegSource ↗	Flanders	30 m²	1 · 31 m²	7.7 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

Address history · 1

17-01-2025

Registered-office move

All acts · 1 updated 1 year ago

2025

17-01-2025 Registered office moved from Lievegem to Oudenburg Registered-office change·NADEBO

Lievestraat 11, 9930 Lievegem → Pompestraat 17, 8460 Oudenburg

Notary: NADEBO · Zulte

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

66 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 48

Profitability 100

Solvency 12

Growth 78

Stability 94

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