ACTIVE

NATHAN PROJECTS

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Financial year 2025 · closed on 31/12/2025
Net result
8,1 k €
+108.1% YoY
Gross margin
17,2 k €
+119.7% YoY
Equity
-57,8 k €
+12.3% YoY

What does NATHAN PROJECTS do?

NATHAN PROJECTS is a Private limited company incorporated in 2011. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Zaventem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0832.529.125
Incorporation
06/01/2011
Legal form
Private limited company
Registered office
Lozenberg 4
1932 Zaventem · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
43222Plumbing, heat and air-conditioning installation· main43222Plumbing, heat and air-conditioning installation70200Management consultancy activities70220Business and other management consultancy activities
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 13 financial years

2025202420232022202120182017201620152014201320122011
Income statement
Gross margin17,2 k €-87,2 k €309,5 k €359,9 k €409,3 k €342,3 k €483,9 k €522,2 k €409,8 k €327,7 k €173,7 k €-51,3 k €-76,3 k €
EBITDA16,9 k €-107,4 k €85,3 k €107,1 k €175,3 k €109,4 k €204,7 k €199,3 k €105,2 k €132,8 k €-25,7 k €-107,2 k €-76,6 k €
Operating result16,6 k €-81,3 k €84,7 k €56,9 k €173 k €-29,7 k €187,2 k €174 k €79,8 k €112,6 k €-41,7 k €-112,2 k €-76,6 k €
Net result8,1 k €-100,1 k €60,9 k €38 k €151,7 k €-49,7 k €104,6 k €120,8 k €59,6 k €89 k €-59,7 k €-120,5 k €-79,9 k €
Balance sheet
Equity-57,8 k €-65,9 k €34,2 k €-26,7 k €-64,8 k €70,3 k €120 k €15,5 k €-105,4 k €-165 k €-254 k €-194,2 k €-73,7 k €
Total assets12,5 k €147,2 k €651 k €496,5 k €500,2 k €761,7 k €803,7 k €830,7 k €623,1 k €533,8 k €464,1 k €144,4 k €30,6 k €
Cash7,3 k €72 k €136,6 k €62,8 k €75,6 k €88,1 k €62,6 k €79,3 k €81,2 k €142,3 k €31,4 k €18 k €26,7 k €
Debts70,3 k €213,1 k €616,9 k €523,2 k €565 k €691,4 k €662,6 k €795,4 k €708,9 k €676,6 k €718 k €338,7 k €104,3 k €
Other
Workforce–0,0 ETP1,9 ETP2,2 ETP2,0 ETP3,4 ETP4,1 ETP4,6 ETP4,0 ETP3,0 ETP3,1 ETP1,8 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Wolf Nathan

Director

Active

Ended mandates

Wolf NATHAN

Director · since 22 février 2024

Ended
Stijn Keppens

Manager · since 07 janvier 2019

Ended
Wilfried De Greef

Manager · since 06 août 2018 · until 07 janvier 2019

Ended
Erwin Verhasselt

Manager · since 21 octobre 2014 · until 06 août 2018

Ended
At this address

Other companies at this address

CompanyCBE no.
CFS Brussels● Active
0649.749.055
NATHAN SYSTEMS● Active
0450.269.149
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 year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date13/07/202624/07/202531/07/202427/06/202328/06/202225/06/2021
General meeting19/06/202620/06/202521/06/202423/06/202317/06/202218/06/2021
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

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202613/07/2026DutchPDF
Abridged model31/12/202420/06/202524/07/2025DutchPDF
Abridged model31/12/202321/06/202431/07/2024DutchPDF
Abridged model31/12/202223/06/202327/06/2023DutchPDF
Abridged model31/12/202117/06/202228/06/2022DutchPDF
Abridged model31/12/202018/06/202125/06/2021DutchPDF
Abridged model31/12/201919/06/202016/07/2020DutchPDF
Abridged model31/12/201821/06/201925/06/2019DutchPDF
Abridged model31/12/201730/06/201831/07/2018DutchPDF
Abridged model31/12/201623/06/201714/07/2017DutchPDF
Abridged model31/12/201517/06/201615/07/2016DutchPDF
Abridged model31/12/201419/06/201514/07/2015DutchPDF
Abridged model31/12/201320/06/201415/07/2014DutchPDF
Abridged model31/12/201221/06/201314/08/2013DutchPDF
Abridged model31/12/201122/06/201217/08/2012DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2025 · 1 active · 8 ended

Active mandates

Wolf Nathan

Director

Active

Ended mandates

Wolf NATHAN

Director · since 22 février 2024

Ended
Stijn Keppens

Manager · since 07 janvier 2019

Ended
Wilfried De Greef

Manager · since 06 août 2018 · until 07 janvier 2019

Ended
Erwin Verhasselt

Manager · since 21 octobre 2014 · until 06 août 2018

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/03/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/09/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares14/12/2017
    BENAMING - KAPITAAL - AANDELEN
    PDF
  • Mandates20/11/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other27/07/2012
    BENAMING - DOEL
    PDF
  • Other17/01/2011
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 20258,1 k €↑
  2. 2024
    Annual accounts 2024-100,1 k €↓
  3. 2023
    Annual accounts 202360,9 k €↑
  4. 2022
    Annual accounts 202238 k €↓
  5. 2021
    Annual accounts 2021151,7 k €↑
  6. 2018
    Annual accounts 2018-49,7 k €↓
  7. 2017
    Annual accounts 2017104,6 k €↓
  8. 2017
    Name changeNathan Projects
  9. 2016
    Annual accounts 2016120,8 k €↑
  10. 2015
    Annual accounts 201559,6 k €↓
  11. 2014
    Annual accounts 201489 k €↑
  12. 2013
    Annual accounts 2013-59,7 k €↑
  13. 2012
    Annual accounts 2012-120,5 k €↓
  14. 2011
    Annual accounts 2011-79,9 k €
  15. 06/01/2011
    IncorporationPrivate limited company
  16. 2011
    Name changeTHERMO ACTIEF BENELUX