NM LAW
ActiveSummary
NM LAW has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.76M and a net result of €666k. Equity is growing by ~27.9% per year across the filed fiscal years. Its solvency ranks better than 81% of 1740 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability91▲+2
Solvency99=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity ample (current ratio 3.65 against 4.24 in 2023; short-term debt: 16.8% and cash: 30.4% of total assets), and 26.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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 2024Solvency, return and age of the figures
Solvency
73.7%
Return on assets
17.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
26 d late
2022
30 d late
2021
61 d late
2020
89 d late
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€666k▲ 32.6%
2023 · €502k
2018: €205klowest in 7 years
2019: €251k▲ +22.6% vs 2018
2020: €408k▲ +62.6% vs 2019
2021: €585k▲ +43.4% vs 2020
2022: €581k▼ -0.8% vs 2021
2023: €502k▼ -13.5% vs 2022
2024: €666k▲ +32.6% vs 2023highest in 7 years
2018 → 2024
Working capital
€1.66M▲ 27.7%
2023 · €1.30M
2018: €-4k
2019: €-16k▼ -295% vs 2018lowest in 7 years
2020: €265k▲ +1759% vs 2019
2021: €606k▲ +129% vs 2020
2022: €1.03M▲ +69.1% vs 2021
2023: €1.30M▲ +27.1% vs 2022
2024: €1.66M▲ +27.7% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.03M-€1.50M▲ 45.4%€2.01M▲ 33.6%€2.34M▲ 16.8%€2.76M▲ 17.7%
2020: €1.03Mlowest in 5 years
2021: €1.50M▲ +45.4% vs 2020
2022: €2.01M▲ +33.6% vs 2021
2023: €2.34M▲ +16.8% vs 2022
2024: €2.76M▲ +17.7% vs 2023highest in 5 years
Operating result€600k-€863k▲ 43.9%€821k▼ 4.8%€747k▼ 9.0%€986k▲ 31.9%
2020: €600klowest in 5 years
2021: €863k▲ +43.9% vs 2020
2022: €821k▼ -4.8% vs 2021
2023: €747k▼ -9.0% vs 2022
2024: €986k▲ +31.9% vs 2023highest in 5 years
Net result€408k-€585k▲ 43.4%€581k▼ 0.8%€502k▼ 13.5%€666k▲ 32.6%
2020: €408klowest in 5 years
2021: €585k▲ +43.4% vs 2020
2022: €581k▼ -0.8% vs 2021
2023: €502k▼ -13.5% vs 2022
2024: €666k▲ +32.6% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 32% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.74M
Fixed assets
€1.45M ▼ 1.3%
Current assets
€2.29M ▲ 34.4%
Equity and liabilities €3.74M
Equity
€2.76M ▲ 17.7%
Debt
€982k ▲ 18.5%
Debt's share of the balance-sheet total rises from 26.1% to 26.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.04M▲
2023 · €799k
Cash flow
€718k▲
2023 · €554k
Current ratio
3.65▼
2023 · 4.24
Debt to equity
0.36▲
2023 · 0.35
ROE
24.1%▲
2023 · 21.4%
ROA
17.8%▲
2023 · 15.8%
Interest coverage
124.94▲
2023 · 88.65
Debt ≤ 1 year
€628k▲
2023 · €402k
Debt > 1 year
€354k▼
2023 · €427k
Income taxes
€323k▲
2023 · €239k
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 · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.17M€3.74M▲
Fixed assets21/28€1.47M€1.45M▼
Tangible fixed assets22/27€1.12M€1.10M▼
Land and buildings22€1.12M€1.07M▼
Plant, machinery and equipment23€542-
Furniture and vehicles24-€32k
Financial fixed assets28€351k€351k=
Current assets29/58€1.71M€2.29M▲
Amounts receivable after more than one year29-€213k
Other amounts receivable291-€213k
Amounts receivable within one year40/41€439k€872k▲
Trade receivables40€381k€602k▲
Other amounts receivable41€58k€270k▲
Current investments50/53€62k€65k▲
Cash at bank and in hand54/58€1.20M€1.14M▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€3.17M€3.74M▲
Equity10/15€2.34M€2.76M▲
Contributions10/11€12k€14k▲
Reserves13€2.33M€2.74M▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€2.33M€2.74M▲
Profit (loss) carried forward14€3k€3k=
Amounts payable17/49€829k€982k▲
Amounts payable after more than one year17€427k€354k▼
Financial debts170/4€427k€354k▼
Other amounts payable178/9€240€240=
Amounts payable within one year42/48€402k€628k▲
Current portion of amounts payable after more than one year42€68k€69k▲
Trade debts44€7k€18k▲
Suppliers440/4€7k€18k▲
Taxes, remuneration and social security45€164k€283k▲
Taxes450/3€162k€282k▲
Remuneration and social security454/9€1k€1k▲
Other amounts payable47/48€163k€258k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€52k▲
Other operating charges640/8€7k€7k▲
Gross operating margin9900€806k€1.05M▲
Operating profit (loss)9901€747k€986k▲
Financial income75/76B€3k€12k▲
Recurring financial income75€3k€12k▲
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€741k€989k▲
Income taxes67/77€239k€323k▲
Profit (loss) for the period9904€502k€666k▲
Profit (loss) for the period to be appropriated9905€502k€666k▲
Appropriation of the result
Profit (loss) to be appropriated9906€505k€669k▲
Profit (loss) brought forward from the previous period14P€3k€3k=
Transfer from equity791/2€165k€253k▲
Transfer to equity691/2€502k€668k▲
To contributions691-€2k
To other reserves6921€502k€666k▲
Profit to be distributed694/7€165k€251k▲
Return on contributions (dividend)694€165k€251k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48k | €50k | €52k | €52k | €52k | ▲ 1.2% |
| Other operating charges640/8 | - | €11k | €6k | €7k | €7k | ▲ 3.9% |
| Gross operating margin9900 | €653k | €923k | €879k | €806k | €1.05M | ▲ 29.7% |
| Operating profit (loss)9901 | €600k | €863k | €821k | €747k | €986k | ▲ 31.9% |
| Financial income75/76B | - | €125 | €2k | €3k | €12k | ▲ 323% |
| Recurring financial income75 | €343 | €125 | €2k | €3k | €12k | ▲ 323% |
| Financial charges65/66B | - | €12k | €11k | €9k | €8k | ▼ 7.8% |
| Recurring financial charges65 | €14k | €12k | €11k | €9k | €8k | ▼ 7.8% |
| Profit (loss) for the period before taxes9903 | €586k | €851k | €812k | €741k | €989k | ▲ 33.5% |
| Income taxes67/77 | €178k | €266k | €232k | €239k | €323k | ▲ 35.4% |
| Profit (loss) for the period9904 | €408k | €585k | €581k | €502k | €666k | ▲ 32.6% |
| Profit (loss) for the period to be appropriated9905 | €408k | €585k | €581k | €502k | €666k | ▲ 32.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.01M | €2.50M | €2.84M | €3.17M | €3.74M | ▲ 17.9% |
| Fixed assets21/28 | €1.40M | €1.46M | €1.48M | €1.47M | €1.45M | ▼ 1.3% |
| Tangible fixed assets22/27 | €1.24M | €1.22M | €1.17M | €1.12M | €1.10M | ▼ 1.7% |
| Land and buildings22 | - | €1.22M | €1.17M | €1.12M | €1.07M | ▼ 4.6% |
| Plant, machinery and equipment23 | - | €2k | €1k | €542 | - | - |
| Furniture and vehicles24 | - | - | - | - | €32k | - |
| Financial fixed assets28 | €165k | €236k | €307k | €351k | €351k | = |
| Current assets29/58 | €606k | €1.04M | €1.36M | €1.71M | €2.29M | ▲ 34.4% |
| Amounts receivable after more than one year29 | - | - | - | - | €213k | - |
| Other amounts receivable291 | - | - | - | - | €213k | - |
| Amounts receivable within one year40/41 | €271k | €330k | €409k | €439k | €872k | ▲ 98.8% |
| Trade receivables40 | - | €327k | €363k | €381k | €602k | ▲ 58.2% |
| Other amounts receivable41 | - | €4k | €46k | €58k | €270k | ▲ 364% |
| Current investments50/53 | €55k | €59k | €60k | €62k | €65k | ▲ 5.8% |
| Cash at bank and in hand54/58 | €277k | €650k | €890k | €1.20M | €1.14M | ▼ 5.1% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €5k | €4k | ▼ 25.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.01M | €2.50M | €2.84M | €3.17M | €3.74M | ▲ 17.9% |
| Equity10/15 | €1.03M | €1.50M | €2.01M | €2.34M | €2.76M | ▲ 17.7% |
| Contributions10/11 | - | €12k | €12k | €12k | €14k | ▲ 15.0% |
| Reserves13 | €1.02M | €1.49M | €1.99M | €2.33M | €2.74M | ▲ 17.7% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Distributable reserves133 | - | €1.48M | €1.99M | €2.33M | €2.74M | ▲ 17.8% |
| Profit (loss) carried forward14 | €3k | €3k | €3k | €3k | €3k | = |
| Amounts payable17/49 | €977k | €998k | €831k | €829k | €982k | ▲ 18.5% |
| Amounts payable after more than one year17 | €635k | €562k | €495k | €427k | €354k | ▼ 17.0% |
| Financial debts170/4 | - | €562k | €495k | €427k | €354k | ▼ 17.1% |
| Other amounts payable178/9 | - | €240 | €240 | €240 | €240 | = |
| Amounts payable within one year42/48 | €341k | €436k | €336k | €402k | €628k | ▲ 56.2% |
| Current portion of amounts payable after more than one year42 | - | €68k | €67k | €68k | €69k | ▲ 1.7% |
| Trade debts44 | €5k | €15k | €11k | €7k | €18k | ▲ 144% |
| Suppliers440/4 | - | €15k | €11k | €7k | €18k | ▲ 144% |
| Taxes, remuneration and social security45 | - | €226k | €178k | €164k | €283k | ▲ 73.3% |
| Taxes450/3 | - | €224k | €176k | €162k | €282k | ▲ 73.8% |
| Remuneration and social security454/9 | - | €2k | €1k | €1k | €1k | ▲ 6.2% |
| Other amounts payable47/48 | - | €127k | €80k | €163k | €258k | ▲ 57.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €408k | €585k | €581k | €502k | €666k | ▲ 32.6% |
| + Depreciation and write-downs630 | €48k | €50k | €52k | €52k | €52k | ▲ 1.2% |
| Operating cash flow (approximation) | €456k | €635k | €632k | €554k | €718k | ▲ 29.7% |
| Investment in fixed assets (approximation) | - | €-103k | €-71k | €-44k | €-33k | ▲ 24.2% |
| Change in cash | - | €373k | €240k | €310k | €-62k | ▼ 120% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €666k ▲32.6%
Operating result €986k, net result €666k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Equity above €2MEq €2.01M ▲33.6%
5 profitable years in a row build equity to €2.01M.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Equity above €1MEq €1.03M ▲60.9%
3 profitable years in a row build equity to €1.03M.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · full 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, Elsene
Ground area
154 m²
Building footprint
90 m²
Volume, LiDAR
1,209 m³
Parcel 21447B0266/00X010, Brussels · tallest building 16.7 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0266/00X010 | Brussels | 154 m² | 1 · 90 m² | 16.7 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,762 companies in sector 69109 we hold annual accounts for 1,208. 291 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
Founded03-01-2003
Fiscal year end31-12
Activities, NACEBEL 2025
69109Other legal services
Scores and ratios are computed by Checked and are not a credit decision.