Naecon
ActiveSummary
Naecon has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €649,303 and a net result of €50,002. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 47% of 1056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+14
Solvency67▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 1.96 against 1.61 in 2024; short-term debt: 13.2% and cash: 13.3% of total assets), but 58.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41.5%
Return on assets
3.2%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
34 d early
2023
16 d early
2022
32 d early
2021
29 d early
2020
29 d late
2019
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by total assets in Ostend, Other services sector#7 company by equity in Ostend, Other services sector
Equity
€649,303▲ 8.3%
2024 · €599,301
Total assets
€1.6m▼ 8.7%
2024 · €1.7m
Net result
€50,002▲ 5.4%
2024 · €47,449
Working capital
€198,518▲ 7.1%
2024 · €185,424
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€291,133€150,758▼ 48.2%€105,327▼ 30.1%€89,171▼ 15.3%€87,294▼ 2.1%
Net result€217,523above the sector's middle half€132,707above the sector's middle half▼ 39.0%€77,889within the sector's middle half▼ 41.3%€47,449within the sector's middle half▼ 39.1%€50,002within the sector's middle half▲ 5.4%
Equity€341,256within the sector's middle half▲ 99.4%€473,963within the sector's middle half▲ 38.9%€551,852within the sector's middle half▲ 16.4%€599,301within the sector's middle half▲ 8.6%€649,303within the sector's middle half▲ 8.3%
Total assets€1.7mwithin the sector's middle half▲ 11.8%€1.6mwithin the sector's middle half▼ 8.0%€1.8mwithin the sector's middle half▲ 11.8%€1.7mwithin the sector's middle half▼ 2.6%€1.6mwithin the sector's middle half▼ 8.7%
Debt€1.3m▼ 2.7%€1.1m▼ 20.2%€1.2m▲ 10.4%€1.1m▼ 7.9%€875,708▼ 18.3%
Working capital€262,045within the sector's middle half€216,952within the sector's middle half▼ 17.2%€175,707within the sector's middle half▼ 19.0%€185,424within the sector's middle half▲ 5.5%€198,518within the sector's middle half▲ 7.1%
Solvency20.0%below the sector's middle half▲ 8.8pp30.1%within the sector's middle half▲ 10.2pp31.4%within the sector's middle half▲ 1.3pp35.0%within the sector's middle half▲ 3.6pp41.5%within the sector's middle half▲ 6.5pp
Current ratio1.81within the sector's middle half▲ 0.952.24within the sector's middle half▲ 0.421.54within the sector's middle half▼ 0.701.61within the sector's middle half▲ 0.061.96within the sector's middle half▲ 0.35
Return on assets (ROA)12.7%above the sector's middle half▲ 19.2pp8.4%within the sector's middle half▼ 4.3pp4.4%within the sector's middle half▼ 4.0pp2.8%within the sector's middle half▼ 1.7pp3.2%within the sector's middle half▲ 0.4pp
Staff (FTE)3.1within the sector's middle half4.1within the sector's middle half▲ 32.3%4.7within the sector's middle half▲ 14.6%4.8within the sector's middle half▲ 2.1%4within the sector's middle half▼ 16.7%
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 2% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.2m ▼ 5.2%
Current assets
€405,307 ▼ 17.5%
Equity and liabilities €1.6m
Equity
€649,303 ▲ 8.3%
Provisions
€38,340 ▼ 5.9%
Debt
€875,708 ▼ 18.3%
Debt's share of the balance-sheet total falls from 62.6% to 56.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€171,626▼
2024 · €174,263
Cash flow
€134,334▲
2024 · €132,541
Quick ratio
1.69▲
2024 · 1.44
Debt to equity
1.35▼
2024 · 1.79
ROE
7.7%▼
2024 · 7.9%
Interest coverage
10.91▲
2024 · 4.45
Debt ≤ 1 year
€206,788▼
2024 · €305,683
Debt > 1 year
€668,919▼
2024 · €766,798
Income taxes
€24,069▲
2024 · €22,678
Staff costs
€163,686▲
2024 · €150,437
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €252,552 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €73,804 | €101,720 | €134,752 | €150,437 | €163,686 | ▲ 8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,406 | €45,632 | €73,556 | €85,092 | €84,332 | ▼ 0.9% |
| Other operating charges640/8 | €22,253 | €10,694 | €11,972 | €11,986 | €11,956 | ▼ 0.3% |
| Non-recurring operating charges66A | €27 | €15 | €0 | - | - | - |
| Gross operating margin9900 | €430,622 | €308,818 | €325,608 | €336,686 | €347,268 | ▲ 3.1% |
| Operating profit (loss)9901 | €291,133 | €150,758 | €105,327 | €89,171 | €87,294 | ▼ 2.1% |
| Financial income75/76B | €3,296 | €25,702 | €12,769 | €17,750 | €101 | ▼ 99.4% |
| Recurring financial income75 | €3,296 | €25,702 | €12,769 | €17,750 | €101 | ▼ 99.4% |
| Financial charges65/66B | €17,253 | €17,886 | €15,755 | €39,195 | €15,725 | ▼ 59.9% |
| Recurring financial charges65 | €17,253 | €17,886 | €15,755 | €39,195 | €15,725 | ▼ 59.9% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €277,175 | €158,573 | €102,342 | €67,726 | €71,670 | ▲ 5.8% |
| Transfer from deferred taxes780 | €1,784 | €2,012 | €2,242 | €2,401 | €2,401 | = |
| Transfer to deferred taxes680 | €49,182 | €0 | - | - | - | - |
| Income taxes67/77 | €12,256 | €27,878 | €26,695 | €22,678 | €24,069 | ▲ 6.1% |
| Profit (loss) for the period9904 | €217,523 | €132,707 | €77,889 | €47,449 | €50,002 | ▲ 5.4% |
| Transfer from tax-exempt reserves789 | €5,353 | €8,047 | €8,970 | €9,605 | €9,605 | = |
| Transfer to tax-exempt reserves689 | €147,545 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €75,331 | €140,754 | €86,859 | €57,055 | €59,608 | ▲ 4.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.6m | €1.8m | €1.7m | €1.6m | ▼ 8.7% |
| Fixed assets21/28 | €1.1m | €1.2m | €1.3m | €1.2m | €1.2m | ▼ 5.2% |
| Tangible fixed assets22/27 | €550,717 | €606,134 | €684,512 | €646,167 | €582,795 | ▼ 9.8% |
| Land and buildings22 | €461,489 | €451,266 | €513,187 | €496,609 | €473,590 | ▼ 4.6% |
| Plant, machinery and equipment23 | €75,939 | €76,864 | €76,016 | €67,396 | €63,927 | ▼ 5.1% |
| Furniture and vehicles24 | €13,289 | €78,003 | €95,310 | €82,162 | €45,277 | ▼ 44.9% |
| Financial fixed assets28 | €575,250 | €575,250 | €575,250 | €575,250 | €575,250 | = |
| Current assets29/58 | €583,719 | €392,172 | €499,285 | €491,106 | €405,307 | ▼ 17.5% |
| Stocks and contracts in progress3 | €19,517 | €14,567 | €17,521 | €52,233 | €55,570 | ▲ 6.4% |
| Stocks30/36 | €19,517 | €14,567 | €17,521 | €52,233 | €55,570 | ▲ 6.4% |
| Amounts receivable within one year40/41 | €95,297 | €148,461 | €155,822 | €135,094 | €139,053 | ▲ 2.9% |
| Trade receivables40 | €90,181 | €115,217 | €123,444 | €88,120 | €66,429 | ▼ 24.6% |
| Other amounts receivable41 | €5,116 | €33,244 | €32,378 | €46,974 | €72,624 | ▲ 54.6% |
| Cash at bank and in hand54/58 | €461,104 | €229,144 | €325,523 | €292,926 | €208,540 | ▼ 28.8% |
| Deferred charges and accrued income490/1 | €7,800 | €0 | €419 | €10,852 | €2,143 | ▼ 80.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.6m | €1.8m | €1.7m | €1.6m | ▼ 8.7% |
| Equity10/15 | €341,256 | €473,963 | €551,852 | €599,301 | €649,303 | ▲ 8.3% |
| Contributions10/11 | €90,000 | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Revaluation surpluses12 | €0 | - | - | - | - | - |
| Reserves13 | €251,256 | €383,963 | €461,852 | €509,301 | €559,303 | ▲ 9.8% |
| Non-distributable reserves130/1 | €9,000 | €9,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | €9,000 | €9,000 | €0 | - | - | - |
| Tax-exempt reserves132 | €142,192 | €134,145 | €125,175 | €115,569 | €105,964 | ▼ 8.3% |
| Distributable reserves133 | €100,064 | €240,818 | €336,677 | €393,732 | €453,340 | ▲ 15.1% |
| Provisions and deferred taxes16 | €47,397 | €45,385 | €43,143 | €40,742 | €38,340 | ▼ 5.9% |
| Deferred taxes168 | €47,397 | €45,385 | €43,143 | €40,742 | €38,340 | ▼ 5.9% |
| Amounts payable17/49 | €1.3m | €1.1m | €1.2m | €1.1m | €875,708 | ▼ 18.3% |
| Amounts payable after more than one year17 | €984,359 | €878,987 | €840,474 | €766,798 | €668,919 | ▼ 12.8% |
| Financial debts170/4 | €678,969 | €573,597 | €535,084 | €461,408 | €363,530 | ▼ 21.2% |
| Other amounts payable178/9 | €305,390 | €305,390 | €305,390 | €305,390 | €305,390 | = |
| Amounts payable within one year42/48 | €321,674 | €175,220 | €323,579 | €305,683 | €206,788 | ▼ 32.4% |
| Current portion of amounts payable after more than one year42 | €184,676 | €80,372 | €88,669 | €96,698 | €97,879 | ▲ 1.2% |
| Financial debts43 | - | - | €100,000 | €100,000 | €50,000 | ▼ 50.0% |
| Credit institutions430/8 | - | - | €100,000 | €100,000 | €50,000 | ▼ 50.0% |
| Trade debts44 | €91,765 | €59,588 | €97,849 | €61,940 | €44,075 | ▼ 28.8% |
| Suppliers440/4 | €91,765 | €59,588 | €97,849 | €61,940 | €44,075 | ▼ 28.8% |
| Taxes, remuneration and social security45 | €27,789 | €35,155 | €30,177 | €42,175 | €14,625 | ▼ 65.3% |
| Taxes450/3 | €22,502 | €35,110 | €18,607 | €30,153 | €14,625 | ▼ 51.5% |
| Remuneration and social security454/9 | €5,287 | €45 | €11,571 | €12,022 | €0 | ▼ 100% |
| Other amounts payable47/48 | €17,444 | €105 | €6,883 | €4,869 | €210 | ▼ 95.7% |
| Accrued charges and deferred income492/3 | €15,000 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €217,523 | €132,707 | €77,889 | €47,449 | €50,002 | ▲ 5.4% |
| + Depreciation and write-downs630 | €43,406 | €45,632 | €73,556 | €85,092 | €84,332 | ▼ 0.9% |
| Operating cash flow (approximation) | €260,928 | €178,339 | €151,445 | €132,541 | €134,334 | ▲ 1.4% |
| Investment in fixed assets (approximation) | - | -€101,048 | -€151,934 | -€46,747 | -€20,959 | ▲ 55.2% |
| Change in cash | - | -€231,960 | €96,379 | -€32,597 | -€84,386 | ▼ 159% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €551,852 ▲16.4%
3 profitable years in a row build equity to €551,852.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €217,523
Net result €217,523 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.81
Current ratio from 0.86 to 1.81; short-term debt falls from €327,980 to €321,674.
31-12
Financial
Equity above €200,000Eq €341,256 ▲99.4%
Equity rises from €171,123 to €341,256.
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 29 days late
2020
31-12
Financial
Weakest financial yearnet -€99,427
Net result drops to -€99,427, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 10 days late
Show earlier events
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 2010
Ground area
2,667 m²
Building footprint
1,181 m²
Volume, LiDAR
6,931 m³
Parcel 35026D0130/00E000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Naecon
since 20102.193.927.093
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35026D0130/00E000 | Flanders | 2,666 m² | 1 · 1,181 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of Naecon and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 786 EUR awarded · 786 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 273 EUR | 273 EUR |
| 2023 | 1 | 312 EUR | 312 EUR |
| 2022 | 1 | 201 EUR | 201 EUR |
Recognitions · licences · registrations
Dual-learning approval
6 live approvalsAutotechnieken duaal (so)
Bandenmonteur (vwo)
Bandenmonteur duaal (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
Onderhoudsmechanica auto duaal (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen duaal (so)
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Of 7,378 companies in sector 95311 we hold annual accounts for 2,962. 1,962 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
95319Other maintenance and repair of motor vehicles
46180Agents specialised in the wholesale of other particular products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831577535
Also
9925:BE0831577535
Registered
02-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.