Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
NANUK from Mouscron, company number BE0441219544, closed financial year 2026 with a result of € 498,621 after tax. For that financial year NANUK recorded revenue of € 12.1 million and equity of € 571,913. Compared with financial year 2025, the result moved from € 334,319 to € 498,621. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 571,913
▲ € 483,711 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 498,621
▲ 49% vs 2025
Profit after tax over the fiscal year.
€ 24,788
▲ € 19,941 vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € -4.2 million.
People and assets in 2026
33.8
▼ 1.2 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▼ 2% vs 2025
€ 51,000 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.
€ 53,024
▼ 45% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 5 million
▼ 8% vs 2025
€ 540,926 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 1.3 million
▼ 12% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 51 days on average.
€ 268,060
▼ 12% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 12,151,934 | € 11,526,838 | € 11,958,478 | € 12,134,821 | ▲ 1% |
| Profit after taxes | € 13,442 | € 37,158 | € 334,319 | € 498,621 | ▲ 49% |
| Equity | € -253,414 | € -231,207 | € 88,202 | € 571,913 | ▲ € 483,711 |
| Total debts | € 7,799,644 | € 7,333,743 | € 7,213,364 | € 6,595,154 | ▼ 9% |
| Cash | € 25,238 | € 43,005 | € 4,847 | € 24,788 | ▲ € 19,941 |
| Land & buildings | € 3,977,863 | € 3,895,968 | € 3,793,735 | € 3,653,313 | ▼ 4% |
| Retained profit | € -5,049,603 | € -5,012,445 | € -4,678,126 | € -4,179,505 | ▲ € 498,621 |
| Bank debt | € 6,084,764 | € 5,926,316 | € 5,455,594 | € 5,009,016 | ▼ 8% |
| Balance sheet total | € 7,546,230 | € 7,102,536 | € 7,301,566 | € 7,167,066 | ▼ 2% |
| Employees (FTE) | 36.6 | 34.9 | 35 | 33.8 | ▼ 1.2 |
Key figures of NANUK, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 28 September 2027.
What happened to NANUK?
What happened at NANUK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Steven Decock stepped down as director. NBB
- Nestor BV stepped down as director. NBB
- INTERCOMMUNALE D'ETUDE ET DE GESTION SRL stepped down as director. NBB
- Klaas Buyck stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 498,621 (▲ 49% vs 2025). Source: NBB ↗
- Steven Decock became a director. NBB
- Nestor BV became a director. NBB
- INTERCOMMUNALE D'ETUDE ET DE GESTION SRL became a director. NBB
In short
From € 13,442 profit in 2023 to € 498,621 profit in 2026.
Paid € 929 in corporate taxes since 2023.
Best year ever: 2026, with € 498,621 profit.
Pays suppliers within 51 days on average.
Management
The stake of BOGAERT Kunststofvloeren, PIETER GILLES, VAN DE VELDE PACKAGING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NANUKThe shares are held by BOGAERT Kunststofvloeren (100%), PIETER GILLES (32.8%) and VAN DE VELDE PACKAGING.
Directors
According to the 2026 annual accounts
since 2025 · until 2031
Managing director · represented by Paul Sulmon
since 2025 · until 2031
INTERCOMMUNALE D'ETUDE ET DE GESTION SRL
Director · represented by Olivier Callewaert
Also active at: ENoRa, NEOWAL, EUROMETROPOLITAN E-CAMPUS, Cadastre et Inspection Télévisuelle des réseaux, WALLONIE DEVELOPPEMENT
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Warandenstraat 10
7700 Mouscron
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0441.219.544
- VAT number
- BE 0441.219.544
- Registered office
- Warandenstraat 10, 7700 Mouscron
- Names & denominations
- NANUK
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 June 1990
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Industriële vervaardiging van brood en van vers banketbakkerswerk
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