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 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 15.2 to 7.1.
Financials
Financial year 2025
NAMAHN from Sint-Joost-ten-Node, company number BE0431837070, closed financial year 2025 with a result of € -251,659 after tax. For that financial year NAMAHN recorded a gross margin of € 445,853 and equity of € -526,267. Compared with financial year 2024, the result moved from € -405,163 to € -251,659. The company made a loss. 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 July 23, 2026.
€ -526,267
▼ € 253,073 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -251,659
▲ 38 % less loss than in 2024
Profit after tax over the fiscal year.
€ 424
▼ 95% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -559,350.
People and assets in 2025
7.1
▼ 6.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 577,878
▼ 41% vs 2024
€ 81,400 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.
€ 14,924
▼ 44% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 340,498
▲ 11% vs 2024
€ 37,096 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 191,617
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 28,269
▼ 69% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,186,726 | € 1,092,421 | € 706,610 | € 445,853 | ▼ 37% |
| Profit after taxes | € -11,473 | € -219,791 | € -405,163 | € -251,659 | ▲ € 153,504 |
| Equity | € 354,589 | € 133,383 | € -273,194 | € -526,267 | ▼ € 253,073 |
| Total debts | € 939,530 | € 973,852 | € 1,055,121 | € 1,204,995 | ▲ 14% |
| Cash | € 36,834 | € 183,514 | € 7,854 | € 424 | ▼ 95% |
| Land & buildings | € 551,880 | € 508,387 | € 466,243 | € 431,548 | ▼ 7% |
| Retained profit | € 317,263 | € 97,471 | € -307,691 | € -559,350 | ▼ € 251,659 |
| Bank debt | € 392,356 | € 334,455 | € 307,543 | € 340,498 | ▲ 11% |
| Balance sheet total | € 1,294,119 | € 1,107,235 | € 781,928 | € 678,729 | ▼ 13% |
| Employees (FTE) | 15.4 | 15.2 | 13.3 | 7.1 | ▼ 6.2 |
Key figures of NAMAHN, 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 NAMAHN?
What happened at NAMAHN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 251,659. Source: NBB ↗
- New establishment in Sint-Joost-ten-Node. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,473 loss in 2022 to € 251,659 loss in 2025.
Paid € 2,447 in corporate taxes since 2022.
On average € 62,800 of value added per employee in 2025.
A new publication or filing at NAMAHN? 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
The stake of Xaos comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NAMAHNBehind NAMAHN is Joannes Vandermeulen. The shares are held by Xaos (10%).
Directors
According to the 2025 annual accounts
Joannes Vandermeulen
Director
Shareholders
10%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Grensstraat 21
1210 Sint-Joost-ten-Node
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
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
namahn.com
Registered
1997-12-08
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-12-07
Website info
Features
Security
Network
Details
- Company number
- 0431.837.070
- VAT number
- BE 0431.837.070
- Registered office
- Grensstraat 21, 1210 Sint-Joost-ten-Node
- Names & denominations
- NAMAHN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 August 1987
- Peppol
- Active · Active since 12 Feb 2025
- Contact
- namahn.com
- Activities · NACE
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