Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
75 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
National Utility Service from Zaventem, company number BE0406168296, closed financial year 2025 with a result of € 134,638 after tax. For that financial year National Utility Service recorded revenue of € 562,891 and equity of € -351,138. Compared with financial year 2024, the result moved from € -8,039 to € 134,638. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -351,138
▲ € 134,638 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 134,638
▲ still € 8,039 loss in 2024
Profit after tax over the fiscal year.
€ 12,852
▲ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -468,888.
People and assets in 2025
3.6
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 143,897
▼ 64% vs 2024
€ 40,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 24,208
▲ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 37 days on average.
€ 18,425
▼ 55% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 503,623 | € 447,464 | € 556,125 | € 562,891 | ▲ 1% |
| Profit after taxes | € -32,149 | € -92,235 | € -8,039 | € 134,638 | ▲ € 142,677 |
| Equity | € -385,501 | € -477,737 | € -485,776 | € -351,138 | ▲ € 134,638 |
| Total debts | € 534,294 | € 583,366 | € 590,787 | € 559,508 | ▼ 5% |
| Cash | € 35,790 | € 19,685 | € 8,756 | € 12,852 | ▲ 47% |
| Retained profit | € -503,251 | € -595,486 | € -603,525 | € -468,888 | ▲ € 134,638 |
| Balance sheet total | € 148,793 | € 105,629 | € 105,011 | € 208,370 | ▲ 98% |
| Employees (FTE) | 4.6 | 3.5 | 4.2 | 3.6 | ▼ 0.6 |
Key figures of National Utility Service, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to National Utility Service?
What happened at National Utility Service in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 134,638. filed late Source: NBB ↗
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
From € 32,149 loss in 2022 to € 134,638 profit in 2025.
Paid € 1,109 in corporate taxes since 2022.
Best year ever: 2025, with € 134,638 profit.
Pays suppliers within 37 days on average.
A new publication or filing at National Utility Service? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind National Utility Service are Richard Soultanian and Gary J Soultanian.
Directors
According to the 2025 annual accounts
Richard Soultanian
Director
Gary J Soultanian
Director
Establishments
Establishment units
Physical locations of this company
Ikaroslaan 1
1930 Zaventem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 75 companies are registered at this address.
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€ 3.4 million gross margin · 2025
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€ 26.4 million revenue · 2025
ACAL BFi Belgium
€ 6.9 million revenue · 2025
PLEIONE
€ -5,524 gross margin · 2025
DK RENOV CONCEPT
€ 14,351 gross margin · 2025
+70 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
WEHOSTWEBSITES-COM - Handy Networks, LLC, US
Domain
Domain
nusconsulting.com
Registered
2000-10-12
Registrar
Network Solutions, LLC
Expires
2026-10-12
Website info
Features
Security
Details
- Company number
- 0406.168.296
- VAT number
- BE 0406.168.296
- Registered office
- Ikaroslaan 1, 1930 Zaventem
- Names & denominations
- National Utility Service · N.U.S.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 October 1968
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- nusconsulting.com
- Activities · NACE
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