Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of NATAB is 0.3% (very low). The 2024 annual accounts show equity of €12.49M and a net result of €-659k. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 78% of 1697 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Signals
2 signals · with evidencePersistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 78% of 1697 peers (2024). A comfortable equity buffer.
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsEstablished
Founded in 2009, 17 years in business.
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 administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.3%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-659k+16.2%
Working capital€-4.78M+10.0%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 24-07-2025 with the NBB · fiscal year 2024 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~18.8%/year over 6 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 2024 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 54.0% | 14.3% | |
| Net result | €-659k | €0 | |
| Equity | €12.49M | €108k | |
| Gross operating margin | €1.22M | €52k | |
| Total assets | €23.12M | €1.50M |
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).
P78
Stable position over 2020-2024
· n=461-1697
P5
Weakening position over 2020-2024
· n=461-1693
P95
Stable position over 2020-2024
· n=461-1697
P95
Stable position over 2020-2024
· n=460-1694
Describes the position versus peers, not a forecast.
€1.22M
+5.7%
far above sector median
€-659k
+16.2%
far below sector median
€975k
+17.7%
-18% vs sector
€23.12M
-3.9%
+64% vs sector
€12.49M
-5.0%
+8% vs sector
€-4.78M
+10.0%
far below sector median
0
-
-100% vs sector
€160k
-15.8%
far above sector median
€10.63M
-2.5%
+47% vs sector
€10.39M
-0.7%
far above sector median
€239k
-46.3%
-97% vs sector
0.54
+9.6%
-89% vs sector
0.54
+9.6%
-88% vs sector
54.0%
-1.2%
-4% vs sector
0.85
+2.6%
+14% vs sector
-5.3%
+11.8%
far below sector median
-2.9%
+12.9%
far below sector median
3.06
+15.8%
+174% vs sector
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €1.22M |
| Net profit | €-659k |
| Cash flow | €975k |
| Staff costs | - |
| Income taxes | €160k |
| Dividends | - |
| Total assets | €23.12M |
| Equity | €12.49M |
| Debt | €10.63M |
| of which ≤ 1y | €10.39M |
| of which > 1y | €239k |
| Working capital | €-4.78M |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.54 |
| Quick ratio | 0.54 |
| Working capital ratio | -20.7% |
| Solvency | 54.0% |
| Debt / equity | 0.85 |
| Long-term debt ratio | 0.02 |
| Interest coverage | 3.06 |
| Gross margin | - |
| Net margin | - |
| ROA | -2.9% |
| ROE | -5.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €23.12M |
| Fixed assets | 21/28 | €17.50M |
| Tangible fixed assets | 22/27 | €17.50M |
| Current assets | 29/58 | €5.61M |
| Amounts receivable within one year | 40/41 | €961k |
| Cash & bank | 54/58 | €40k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €23.12M |
| Equity | 10/15 | €12.49M |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €-656k |
| Amounts payable | 17/49 | €10.63M |
| Amounts payable after one year | 17 | €239k |
| Amounts payable within one year | 42/48 | €10.39M |
| Trade debts payable within one year | 44 | €910k |
| Income statement | ||
| Gross operating margin | 9900 | €1.22M |
| Operating result | 9901 | €-410k |
| Financial income | 75 | €311k |
| Financial charges | 65 | €400k |
| Result before taxes | 9903 | €-499k |
| Income taxes | 67/77 | €160k |
| Net result for the period | 9904 | €-659k |
| Result to be appropriated | 9905 | €-659k |
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 2024 · computed48
/ 100
Fair
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 with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
7 directorsCurrent directors & mandates
-
Current31-10-2024 → present
-
BVM - Bouw en Vastgoed ManagementLegal entityDirector· perm. rep.: LABEEUW Claude AlfonsState Gazette act 23057954 (28-04-2023)Current03-01-2023 → present
Former directors (5)
-
Former18-08-2020 → 31-10-2024
2 events
- 31-10-2024 Resigned· Director
- 18-08-2020 Appointed· Director
-
Turnaround ManagementLegal entityDirector· perm. rep.: ANCHO RanState Gazette act 20114249 (01-10-2020)Former18-08-2020 → 03-01-2023
2 events
- 03-01-2023 Resigned· Director
- 18-08-2020 Appointed· Director
-
Former01-05-2017 → 18-08-2020
2 events
- 18-08-2020 Resigned· Director
- 01-05-2017 Appointed· Manager
-
Former- → 18-08-2020
-
Former- → 20-03-2016
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
1 auditor| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESCurrent Statutory auditor · represented by Marlies POLFLIET |
- | 17-02-2025 → present |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten van syndici van onroerend goed(68321) |
| Legal form | Private limited company(610) |
| Incorporation | 28-07-2009 |
| Status | Active |
| Postal code | 2000 |
Structure & network
Connections & network
9 connected companiesGroup structure
Parent · 4 subsidiaries · 1 location
Control→
Parent · 455 subsidiaries · 9 locations
Control→
Parent · 4 subsidiaries · 1 location
Control→
Parent · 2 subsidiaries · 1 location
Control→
Parent · 5 subsidiaries · 2 locations
Control→
Network connections
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Establishment units
1 locationNATAB
since 20092.180.846.446
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area370 m²
Buildings1
Building footprint217 m²
Volume (LiDAR)3,759 m³
Tallest building27.0 m · ±6 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K2754/00F005 | Flanders | 369 m² | 1 · 217 m² | 26.9 m · 6 fl. |
Methodology
via registered seat: 1
1 of 1 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
9 acts All acts · 9
updated 4 months ago
2026
09-04-2026 Act object · General meeting · Auditor mandate · Officer resignation
- Filing: 2026-03-27 · NATAB
- Publication: 2026-04-09 · NATAB
- Act object: Einde mandaat commissaris - volmacht · NATAB
- General meeting: 2026-03-06 · NATAB
- Auditor mandate: end_date: 2027, representative: Marlies POLFLIET · NATAB
- Officer resignation: 2026-03-06 · BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
- Officer discharge: 2026-03-06 · BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
- Auditor waiver: ja · NATAB
- Power of attorney: scope: alle noodzakelijke formaliteiten te vervullen bij om het even welke administratieve diensten en overheden ... ter publicatie van voornoemde beslissingen, evenals dit document "voor eensluidend verklaard afschrift" te verklaren · VGD Accountants en Belastingconsulenten
- Power of attorney: scope: alle noodzakelijke formaliteiten te vervullen bij om het even welke administratieve diensten en overheden ... ter publicatie van voornoemde beslissingen, evenals dit document "voor eensluidend verklaard afschrift" te verklaren · Athena JACQUET
- Power of attorney: scope: alle noodzakelijke formaliteiten te vervullen bij om het even welke administratieve diensten en overheden ... ter publicatie van voornoemde beslissingen, evenals dit document "voor eensluidend verklaard afschrift" te verklaren · Neelke DE VRIENDT
Summary:
Act object · General meeting · Auditor mandate · Officer resignation
2025
17-02-2025 1 director appointed, 1 resigning, 1 reappointed
- Israel BRODY, Bestuurder
- Israel BRODY, Bestuurder
- Marlies POLFLIET, Commissaris
Summary:
v3.2
2023
28-04-2023 1 director appointed, 1 resigning
2021
24-03-2021 Articles of association amended
Summary:
v3.2
2020
01-10-2020 2 directors appointed, 2 resigning
- Ancho Ran, Bestuurder
- Brody Israel, Bestuurder
- Ancho Ran, Bestuurder
- Brody Israel, Bestuurder
Summary:
v3.2
2019
27-02-2019 Israel Brody resigns as manager
2017
20-06-2017 Ancho Ran appointed as manager
10-01-2017 Ben Moshe resigns as manager
2011
13-10-2011 Publication in the Belgian Official Gazette, Minor change
Summary:
v3.2
Analysis
Snowflake analysis
financial profile on 5 axes53
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
48
Profitability
0
Solvency
64
Growth
52
Stability
100
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verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Activiteiten van syndici van onroerend goed68321Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis68322Verhuur en exploitatie van sociale woningen68202Verhuur en exploitatie van sociale woningen68202Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van terreinen68204Verhuur en exploitatie van terreinen68204Beheer van residentieel onroerend goed voor een vast bedrag of op contractbasis68321
Primary activity highlighted.
Names & trade names
| Legal nameNL | NATAB |
Registered office
Britselei 19
2000 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.