Equity
€74,054 ▲ 15.4%
N4S paid out €859 in dividends. That is 8% of the 2025 profit.
N4S
Overview
Lifetime
2 annual accounts with figures on one time axispeak €100,967 (2024)
€31,624▼ 68.7%
peak €60,012 (2024)
€10,735▼ 82.1%
peak €74,054 (2025)
€74,054▲ 15.4%
€49,875▼ 0.8%
Board2 names since 2023
2 directors and 1 other
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Gross margin from €100,967 to €31,624Result from €60,012 to €10,735Amendment of the articles 29-12Dividend €859Equity from €64,179 to €74,054
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as N4S has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for N4S. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Security firm approval (alarm systems) granted
Decision of 19-01-2026, published on 24-04-2026
Security firm approval (camera systems) granted
Decision of 19-01-2026, published on 24-04-2026
Amendment of the articles
“Elke dienstverlening op het gebied van management, in de ruimste zin, bijstand, advies en diensten verlenen…” (deed in Dutch) · Director in office: · General meeting of 22-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0802736168
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| N4S Waasmunster | €123,930 | €31,624 | 59.8% | - |
| InPhiniTi Evergem | €128,203 | €29,360 | 93.0% | - |
| ChainMate Ghent | €128,472 | €35,421 | 89.9% | - |
| Carlo Santana Aalter | €126,579 | €34,327 | 33.1% | - |
| BC-PRO Laarne | €137,647 | €32,554 | 43.1% | - |
| NOVA ADVICE Evergem | €103,091 | €32,046 | 84.1% | - |
| ELOTRA SOLUTIONS Eeklo | €135,049 | €33,912 | 37.3% | - |
These companies have the same main activity as N4S: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €103,000 and €138,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 14-06-2023Normal situation
- Activity
- Business and other management consultancyNACE 70200and 10 others
- Establishment unit
- 2.347.365.2579250 Waasmunster, since 14-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2023
Annual accounts 2025
- €31,624▼ 68.7%
- €10,735▼ 82.1%
- €74,054▲ 15.4%
- €123,930▲ 8.3%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on N4S
N4S has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,054 and a net result of €10,735.
Its solvency ranks better than 54% of 39,376 sector peers (NACE 70, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-06-2026, 31 days before the deadline€31,624
▼ 68.7%
€16,096
▼ 80.0%
€10,735
▼ 82.1%
€58,447
▲ 20.4%
59.8%
▲ 3.7 percentage points
3.03
▼ 0.75
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €92,000. Estimated: probably between €55,000 and €130,000.
Balance sheet
balance sheet total €123,930 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
59.8%
Higher than 54% of 39,376 companies in 2025.
3.03
Higher than 63% of 38,058 companies in 2025.
8.7%
Higher than 39% of 38,530 companies in 2025.
N4S
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
123,930 | 114,451 | |
21/28 |
36,659 | 48,446 | |
22/27 |
36,659 | 48,446 | |
24 |
33,512 | 46,629 | |
26 |
3,146 | 1,817 | |
29/58 |
87,271 | 66,005 | |
40/41 |
48,589 | 27,205 | |
40 |
2,255 | 10,624 | |
41 |
46,334 | 16,581 | |
54/58 |
37,707 | 38,786 | |
490/1 |
975 | 14 | |
| Balance sheet: equity and liabilities | |||
10/49 |
123,930 | 114,451 | |
10/15 |
74,054 | 64,179 | |
10/11 |
5,000 | 5,000 | |
13 |
69,054 | 59,179 | |
133 |
69,054 | 59,179 | |
14 |
0 | 0 | |
17/49 |
49,875 | 50,272 | |
17 |
20,568 | 32,784 | |
170/4 |
20,568 | 32,784 | |
42/48 |
28,825 | 17,472 | |
42 |
19,561 | 11,648 | |
44 |
3,591 | 934 | |
440/4 |
3,591 | 934 | |
45 |
5,072 | 4,307 | |
450/3 |
2,972 | 4,307 | |
454/9 |
2,100 | - | |
47/48 |
601 | 583 | |
492/3 |
483 | 16 | |
| Income statement | |||
9900 |
31,624 | 100,967 | |
630 |
13,476 | 19,096 | |
640/8 |
2,053 | 1,569 | |
9901 |
16,096 | 80,302 | |
75/76B |
1,128 | 452 | |
75 |
1,128 | 452 | |
65/66B |
2,755 | 4,339 | |
65 |
2,755 | 4,339 | |
9903 |
14,469 | 76,416 | |
67/77 |
3,734 | 16,404 | |
9904 |
10,735 | 60,012 | |
9905 |
10,735 | 60,012 | |
| Appropriation of the result | |||
9906 |
10,735 | 60,012 | |
691/2 |
9,876 | 59,179 | |
6921 |
9,876 | 59,179 | |
694/7 |
859 | 833 | |
694 |
859 | 833 | |
| Document | |||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 29,572 | 99,398 | ||
| 24,210 | 79,108 | ||
| 1,689 | 67,542 | ||
| -1,080 | - | ||
| 58,447 | 48,533 | ||
| 59.8% | 56.1% | ||
| 3.03 | 3.78 | ||
| 0.67 | 0.78 | ||
| 14.5% | 93.5% | ||
| 8.7% | 52.4% | ||
| 10.73 | 22.91 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 |
|---|---|---|
| Carrying value of the other pledged assets | €31,748 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €1,689 | €67,542 |
| €13,476 | €19,096 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on N4S
The operating result for 2025 is 80% lower than in 2024.
Debt's share of the balance-sheet total falls from 43.9% to 40.2%. Equity is higher and debt is lower.
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
appointed by deed of 16-06-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 30-06-2026
Director (not named in the articles)
appointed by deed of 16-06-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 30-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 29-12-2025
Mandates through the years
2 names, the dashed line is todayDirector (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), appointed by deed of 16-06-2023, still in office
-
- Director (not named in the articles), appointed by deed of 16-06-2023, still in office
Control
Founder
This company
N4S
Equity €74,054
Profit €10,735 in 2025
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- €741 in 2025
- Source
- deed of 16-06-2023
Articles of association
deed of 16-06-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft ten laste overdrager en helft ten laste koper(s) naar evenredigheid verworven aantal aandelen bij…”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Ten minste vijftien dagen te rekenen van dag openstelling intekening, nieuwe aandelen waarop in geld wordt ingeschreven eerst aangeboden aan…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 19:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Founder
At incorporation
deed of 16-06-2023 ↗
- sole founder · 100% at incorporation
Network & group
No group
N4S has no parent and no holdings in its annual accounts. N4S shares no director with another company.
Timeline
Timeline
8 events since 2023Filings
Permits
Establishments
Other
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 31 days before the deadline
Security firm approval (alarm systems) granted GazetteDecision of 19-01-2026, published on 24-04-2026
Security firm approval (camera systems) granted GazetteDecision of 19-01-2026, published on 24-04-2026
2025
Amendment of the articles“Elke dienstverlening op het gebied van management, in de ruimste zin, bijstand, advies en diensten verlenen…” (deed in Dutch) · Director in office: · General meeting of 22-12-20254 points ▸
- General meeting, 22-12-2025
- Amendment of the articles, article 11
- Power of attorney,
- Power of attorney,
- The deed holds 1 more point.
Annual accounts 2024 filed PDFmicro format · on the deadline day
2023
Registered in the Peppol Directory Reachable for e-invoices through 0208:0802736168
IncorporationFounding capital of €5,000, 100 shares · Founder: · Appointments: (director) and (director) · published on 16-06-20236 points ▸
- Founder,
- Founding capital, €5,000, 100 shares
- 100 shares
- Registered office clause, Oudeheerweg-Ruiter 157, 9250 Waasmunster
- Director appointment, (director (not named in the articles))
- Director appointment, (director (not named in the articles))
- The deed holds 8 more points.
First establishment Oudeheerweg-Ruiter 157, Waasmunster
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0802.736.168
- VAT number
- BE 0802.736.168
- Peppol ID
- 0208:0802736168
- Other Peppol ID
- 9925:BE0802736168
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 14-06-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 19:00deed of 16-06-2023 (in Dutch)
- Peppol
- Reachable since 02-09-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- N4S in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 16-06-2023 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- N4Sdeed of 16-06-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 16-06-2023 (in Dutch)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
63990
Computing infrastructure, data processing, hosting and other information service activities
70210
Activities of head offices; management consultancy activities
78100
Employment placement agencies
82990
Other business support services
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Elke dienstverlening op het gebied van management, in de ruimste zin, bijstand, advies en diensten verlenen, rechtstreeks of onrechtstreeks…”deed of 29-12-2025 (in Dutch)
16 activities
- Elke dienstverlening op het gebied van management, in de ruimste zin, bijstand, advies en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van administratie en financiën, personeelsbeleid, productontwikkeling, marketing, verkoop, incasso, productie en algemeen bestuur aan bedrijven, personen en vennootschappen;
- Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering;
- Rekrutering, selectie en detachering van werknemers;
- Consultancy/advies op het gebied van public relations en communicatie;
- Managementsactiviteiten van holdings: tussenkomen in het dagelijks bestuur, vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal, enz.;
- Diverse administratieve dienstverlening van welke aard ook;
- Het nemen van participaties onder welke vorm ook, in alle bestaande en op te richten vennootschappen en ondernemingen, het beheren en valoriseren van eigen roerende waarden en participaties, het verlenen van financiële en andere bijstand aan de vennootschappen en ondernemingen waarin ze belangen heeft;
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten (vruchtgebruik, recht van opstal, erfpacht), zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen, het ontwerpen en opvolgen van projecten, en het maken van studies met betrekking tot immobiliën; de aan- en verkoop, huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen, evenals alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende en roerende goederen te bevorderen;
- Alle financiële en beheersverrichtingen met betrekking tot eigen roerend vermogen en met betrekking tot onroerend vermogen, onder meer, krediet en financiering, belegging van eigen roerend vermogen en van onroerend vermogen, beheren van eigen roerend en van onroerend vermogen, hypothecaire en andere borgstelling, commissie- en delcredereverrichtingen, voor zover dit alles wettelijk is toegelaten.
- De vennootschap kan alle verrichtingen uitvoeren die nodig of dienstig zijn voor de verwezenlijking van haar voorwerp. De vennootschap dient daartoe in voorkomend geval de vereiste wettelijke machtiging(en) te bekomen of te verkrijgen.
- De vennootschap kan samenwerken met, deelnemen in of belangen nemen bij middel van inschrijving, inbreng, deelneming of op gelijk welke andere wijze, rechtstreeks of onrechtstreeks, in elke vennootschap of onderneming met een gelijkaardige, verwante of aanvullende bedrijvigheid.
- De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen, onder meer door haar goederen in hypotheek of in pand te geven, inclusief de eigen handelszaak.
- Zij mag alle commerciële, industriële, financiële, roerende of onroerende handelingen verrichten die in rechtstreeks of onrechtstreeks verband staan met haar maatschappelijk voorwerp en, in het algemeen, alle handelingen verrichten die van aard zouden zijn de verwezenlijking van haar maatschappelijk voorwerp, geheel of ten dele, te vergemakkelijken, te bevorderen of te begunstigen.
- Zowel voor eigen rekening als voor rekening van derden, alleen of in samenwerking met derden, alle verrichtingen van een beveiligingsonderneming, zijnde verrichtingen inzake het leveren van diensten (tijdelijk of blijvend) van conceptie, installatie, onderhoud of herstel van alarmsystemen en alarmcentrales aan derden, waaronder verrichtingen die rechtstreeks of onrechtstreeks verband houden met het leveren en plaatsen van huishoudelijke en industriële elektrische installaties en automatiseringen, alarmsystemen, brandbeveiligingssystemen, systemen voor toegangscontrole en video- en intercomsystemen.
- Het verstrekken van veiligheidsadvies, het uitoefenen van een activiteit bestaande uit het aan derden verstrekken van diensten van advies ter voorkoming van strafbare feiten tegen personen of goederen, met inbegrip van het uitwerken, uitvoeren en evalueren van doorlichtingen, analyses, strategieën, concepten, procedures en trainingen op veiligheidsgebied
- Verhuur, leasing, renting van roerende goederen, al dan niet rollend materiaal.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Oudeheerweg-Ruiter 157 registered office 9250 Waasmunster | 14-06-2023 | 2.347.365.257 |
Buildings and parcels at the address
- Ground area
- 743 m²
- Buildings
- 154 m²
- Volume, LiDAR
- 263 m³
- Tallest building
- 5.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 42023A1707/00P000 | 743 m² | 1 · 154 m² | 5.1 m · 1 |
Recognitions
Licences in the Official Gazette
2 publications · 2 kindsSecurity firm approval (alarm systems)
Security firm approval (camera systems)
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0802.736.168