NBIC Watch
ActiveSummary
NBIC Watch has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72k and a net result of €19k. Equity is shrinking by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 94% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
96
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 22.33 against 34.82 in 2024; short-term debt: 4.5% and cash: 59.5% of total assets), and 4.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
95.5%
Return on assets
24.9%
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 30-04-2026, 92 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
92 d early
2024
64 d early
2023
40 d early
2022
61 d early
2021
62 d early
2020
88 d early
2019
31 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€72k▲ 35.2%
2024 · €53k
2018: €280k
2019: €231k
2020: €204k
2021: €122k
2022: €71k
2023: €68k
2024: €53k
2018 → 2025
Total assets
€75k▲ 37.4%
2024 · €55k
2018: €504k
2019: €232k
2020: €205k
2021: €122k
2022: €74k
2023: €69k
2024: €55k
2018 → 2025
Net result
€19k
2024 · €-15k
2018: €324k
2019: €-49k
2020: €-26k
2021: €-47k
2022: €-3k
2023: €-3k
2024: €-15k
2018 → 2025
Working capital
€71k▲ 34.4%
2024 · €53k
2018: €280k
2019: €230k
2020: €204k
2021: €122k
2022: €71k
2023: €68k
2024: €53k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€122k-€71k▼ 42.0%€68k▼ 3.8%€53k▼ 21.9%€72k▲ 35.2%
Operating result€-43k-€-876▲ 98.0%€-2k▼ 101%€-7k▼ 278%€19k
Net result€-47k-€-3k▲ 93.2%€-3k▲ 16.3%€-15k▼ 459%€19k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €19k after a loss of €7k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75k
Fixed assets
€394
Current assets
€75k
Equity and liabilities €75k
Equity
€72k ▲ 35.2%
Debt
€3k ▲ 113%
Debt's share of the balance-sheet total rises from 2.9% to 4.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20k
Cash flow
€19k
Current ratio
22.33▼
2024 · 34.82
Debt to equity
0.05▲
2024 · 0.03
ROE
26.0%▲
2024 · -28.1%
ROA
24.9%▲
2024 · -27.3%
Interest coverage
121.60
Debt ≤ 1 year
€3k▲
2024 · €2k
Income taxes
€586▼
2024 · €8k
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€55k€75k▲
Fixed assets21/28-€394
Tangible fixed assets22/27-€394
Furniture and vehicles24-€394
Current assets29/58€55k€75k▲
Amounts receivable within one year40/41€0€30k▲
Trade receivables40€0€30k▲
Cash at bank and in hand54/58€55k€45k▼
Equity and liabilities
Total equity and liabilities10/49€55k€75k▲
Equity10/15€53k€72k▲
Contributions10/11€19k€19k=
Reserves13€47k€53k▲
Distributable reserves133€47k€53k▲
Profit (loss) carried forward14€-13k€0▲
Amounts payable17/49€2k€3k▲
Amounts payable within one year42/48€2k€3k▲
Trade debts44-€731
Suppliers440/4-€731
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Other amounts payable47/48€168€420▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€197
Other operating charges640/8€387€0▼
Gross operating margin9900€-6k€20k▲
Operating profit (loss)9901€-7k€19k▲
Financial charges65/66B€170€161▼
Recurring financial charges65€170€161▼
Profit (loss) for the period before taxes9903€-7k€19k▲
Income taxes67/77€8k€586▼
Profit (loss) for the period9904€-15k€19k▲
Profit (loss) for the period to be appropriated9905€-15k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€6k▲
Profit (loss) brought forward from the previous period14P€2k€-13k▼
Transfer to equity691/2-€6k
To other reserves6921-€6k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €19k
Net result €19k after 6 loss-making years.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 110.83
Current ratio from 23.55 to 110.83; short-term debt falls from €3k to €619.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 419.11
Current ratio from 153.73 to 419.11; short-term debt falls from €2k to €489.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-49k ▼115%
Net result drops to €-49k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 68current ratio 153.73
Current ratio from 2.25 to 153.73; short-term debt falls from €224k to €2k.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2017
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.
Louizalaan 4591050 BrusselGround area
1,024 m²
Building footprint
460 m²
Volume, LiDAR
7,053 m³
2 parcels, Brussels · tallest building 30.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
NBIC Watch
since 20172.266.729.553
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446D0147/00K003 | Brussels | 530 m² | 1 · 170 m² | 11.8 m · 3 fl. |
| 21822R0223/00A004 | Brussels | 494 m² | 1 · 290 m² | 30.1 m · 6 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
DATIFLO
BE 0680.527.650
Lierde · Eq €71,778
FDX Consult
BE 0788.573.178
Clavier · Eq €71,779
Polyfase Spark
BE 0836.581.448
Nieuwerkerken (Limb.) · Eq €71,765
E.P.M.
BE 0883.946.944
Grez-Doiceau · Eq €71,765
Steve Verhelst Consulting
BE 0680.955.242
Rumst · Eq €71,795
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 39,760 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.