NORMAL SITUATION

NLO

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Financial year 2025 · closed on 30/09/2025
Net result
40,4 k €
+836.4% YoY
Revenue
4 M €
-34.2% YoY
Equity
84,9 k €
+90.7% YoY
Workforce
9,4 ETP
-26.0% YoY

Company — Normal situation.

What does NLO do?

NLO is a company registered in Belgium. It employs on average 9,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0633.692.486
Legal form
Private limited company
Contributed capital
50 000,00 €
Latest accounts
30/09/2025
Average workforce
9,4 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
Revenue4 M €6,1 M €6,5 M €–5,8 M €6,9 M €5,9 M €5,7 M €––209,8 k €
EBITDA138,4 k €134,4 k €841,7 k €444,4 k €562,1 k €629,5 k €78,9 k €-33,4 k €125,5 k €-243,7 k €-105,4 k €
Operating result55,9 k €22,3 k €754,1 k €434,1 k €546,9 k €587,5 k €35,4 k €-75,3 k €84,8 k €-272 k €-108,3 k €
Net result40,4 k €-5,5 k €564,9 k €314,2 k €363,6 k €532,9 k €28,1 k €-76,5 k €84 k €-273,5 k €-108,9 k €
Balance sheet
Equity84,9 k €44,5 k €50 k €50 k €50 k €236,1 k €-296,8 k €-324,9 k €-248,4 k €-332,4 k €-58,9 k €
Total assets2,4 M €2,1 M €2,6 M €1,6 M €2,6 M €2,4 M €1,9 M €420,3 k €278,3 k €193,3 k €112,9 k €
Cash777 k €360,6 k €397,7 k €262 k €1,1 M €656,1 k €53,7 k €3,8 k €119,7 k €45,5 k €11,9 k €
Debts2,3 M €2,1 M €2,6 M €1,6 M €2,6 M €2,2 M €2,2 M €745,2 k €526,7 k €525,7 k €171,2 k €
Other
Workforce9,4 ETP12,7 ETP13,8 ETP13,3 ETP12,1 ETP12,9 ETP12,3 ETP11,7 ETP6,2 ETP3,2 ETP0,1 ETP
Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 5 ended

Active mandates

Caroline Pallard

Director · since 24 avril 2025

Active
Valérie Feray

Director · since 24 avril 2025

Active
Nederlandsch Octrooibureau NV

Director · until 24 avril 2025

Represented by Caroline Pallard

Active

Ended mandates

Caroline Pallard

Director

Ended
Jaap Mannaerts

Director

Ended
N.V. Nederlandsch Octrooibureau

Manager · 0633.655.963

Represented by David Bot

Ended
Nederlandsch Octrooibureau NV

Director

Represented by René Cornelis Van Duivenbode

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year30/09/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year9 months12 months12 months12 months12 months12 months
Filing date25/08/202624/04/202506/05/202427/04/202328/04/202207/06/2021
General meeting01/06/202602/04/202517/04/202415/04/202320/04/202219/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202501/06/202625/08/2026DutchPDF
Abridged model31/12/202402/04/202524/04/2025DutchPDF
Abridged model31/12/202317/04/202406/05/2024DutchPDF
Abridged model31/12/202215/04/202327/04/2023DutchPDF
Abridged model31/12/202120/04/202228/04/2022DutchPDF
Abridged model31/12/202019/04/202107/06/2021DutchPDF
Abridged model31/12/201913/05/202028/05/2020DutchPDF
Abridged model31/12/201810/04/201919/06/2019DutchPDF
Abridged model31/12/201717/04/201817/05/2018DutchPDF
Abridged model31/12/201626/09/201713/12/2017DutchPDF
Full model31/12/201530/06/201622/08/2016DutchPDF
Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 5 ended

Active mandates

Caroline Pallard

Director · since 24 avril 2025

Active
Valérie Feray

Director · since 24 avril 2025

Active
Nederlandsch Octrooibureau NV

Director · until 24 avril 2025

Represented by Caroline Pallard

Active

Ended mandates

Caroline Pallard

Director

Ended
Jaap Mannaerts

Director

Ended
N.V. Nederlandsch Octrooibureau

Manager · 0633.655.963

Represented by David Bot

Ended
Nederlandsch Octrooibureau NV

Director

Represented by René Cornelis Van Duivenbode

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution02/02/2026
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring26/11/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates13/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other08/05/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates19/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/07/2024
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202540,4 k €↑
  2. 2024
    Annual accounts 2024-5,5 k €↓
  3. 2023
    Annual accounts 2023564,9 k €↑
  4. 2022
    Annual accounts 2022314,2 k €↓
  5. 2021
    Annual accounts 2021363,6 k €↓
  6. 2020
    Annual accounts 2020532,9 k €↑
  7. 2019
    Annual accounts 201928,1 k €↑
  8. 2018
    Annual accounts 2018-76,5 k €↓
  9. 2017
    Annual accounts 201784 k €↑
  10. 2016
    Annual accounts 2016-273,5 k €↓
  11. 2015
    Annual accounts 2015-108,9 k €