NASKO
ActiveSummary
NASKO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €405,619 and a net result of €176,538. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 405 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84=
Solvency54▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.38 in 2024; short-term debt: 66.3% and cash: 31.3% of total assets), and 71.3% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
28.7%
Return on assets
12.5%
Age of the figures
9 mo
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
17 d early
2023
20 d late
2022
14 d early
2021
22 d late
2020
5 d early
2019
on the day
← 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 1 day after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€1.5m
EBIT margin
4.9%
Net result
€176,538▲ 18.6%
2024 · €148,843
Working capital
€265,584▼ 12.4%
2024 · €303,289
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.5m
Operating result€186,870▲ 883%€54,597▼ 70.8%€75,998▲ 39.2%€205,686▲ 171%€266,256▲ 29.4%
Net result€133,468▲ 10,689%€36,642▼ 72.5%€38,908▲ 6.2%€148,843▲ 283%€176,538▲ 18.6%
EBIT margin4.9%
Equity€158,687▲ 26.7%€195,329▲ 23.1%€234,237▲ 19.9%€383,080▲ 63.5%€405,619▲ 5.9%
Total assets€779,448▲ 26.7%€876,655▲ 12.5%€827,735▼ 5.6%€1.3m▲ 52.2%€1.4m▲ 12.2%
Debt€620,761▲ 26.6%€681,326▲ 9.8%€593,497▼ 12.9%€876,960▲ 47.8%€1.0m▲ 15.0%
Working capital€151,798▲ 91.1%€101,958▼ 32.8%€139,988▲ 37.3%€303,289▲ 117%€265,584▼ 12.4%
Staff (FTE)12.8▲ 37.6%13.4▲ 4.7%11.3▼ 15.7%9.2▼ 18.6%9.3▲ 1.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€210,529 ▲ 27.0%
Current assets
€1.2m ▲ 10.0%
Equity and liabilities €1.4m
Equity
€405,619 ▲ 5.9%
Debt
€1.0m ▲ 15.0%
Debt's share of the balance-sheet total rises from 69.6% to 71.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€347,737▲
2024 · €296,200
Cash flow
€258,019▲
2024 · €239,357
Current ratio
1.28▼
2024 · 1.38
Debt to equity
2.49▲
2024 · 2.29
ROE
43.5%▲
2024 · 38.9%
ROA
12.5%▲
2024 · 11.8%
Interest coverage
23.13▲
2024 · 15.26
Debt ≤ 1 year
€938,108▲
2024 · €791,022
Debt > 1 year
€70,495▼
2024 · €85,938
Income taxes
€80,550▲
2024 · €42,809
Staff costs
€498,417▼
2024 · €529,887
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 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% | 1.6% |
| 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 74% 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 5,049 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €1.5m | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €872,020 | - | - | - |
| Remuneration, social security and pensions62 | €503,893 | €520,429 | €477,352 | €529,887 | €498,417 | ▼ 5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68,524 | €79,065 | €102,913 | €90,514 | €81,481 | ▼ 10.0% |
| Other operating charges640/8 | €11,155 | €10,441 | €17,596 | €15,947 | €27,300 | ▲ 71.2% |
| Non-recurring operating charges66A | €2,500 | - | €3,058 | - | - | - |
| Gross operating margin9900 | €772,941 | €664,532 | €676,918 | €842,034 | €873,455 | ▲ 3.7% |
| Operating profit (loss)9901 | €186,870 | €54,597 | €75,998 | €205,686 | €266,256 | ▲ 29.4% |
| Financial income75/76B | €65 | €0 | €548 | €5,373 | €12,934 | ▲ 141% |
| Recurring financial income75 | €65 | €0 | €548 | €1,397 | €352 | ▼ 74.8% |
| Non-recurring financial income76B | - | - | - | €3,976 | €12,582 | ▲ 216% |
| Financial charges65/66B | €9,859 | €12,370 | €19,576 | €19,406 | €22,102 | ▲ 13.9% |
| Recurring financial charges65 | €9,859 | €12,370 | €19,576 | €19,406 | €15,032 | ▼ 22.5% |
| Non-recurring financial charges66B | - | - | - | - | €7,070 | - |
| Profit (loss) for the period before taxes9903 | €177,076 | €42,227 | €56,971 | €191,652 | €257,088 | ▲ 34.1% |
| Income taxes67/77 | €43,608 | €5,585 | €18,063 | €42,809 | €80,550 | ▲ 88.2% |
| Profit (loss) for the period9904 | €133,468 | €36,642 | €38,908 | €148,843 | €176,538 | ▲ 18.6% |
| Profit (loss) for the period to be appropriated9905 | €133,468 | €36,642 | €38,908 | €148,843 | €176,538 | ▲ 18.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €779,448 | €876,655 | €827,735 | €1.3m | €1.4m | ▲ 12.2% |
| Fixed assets21/28 | €190,314 | €294,088 | €204,780 | €165,730 | €210,529 | ▲ 27.0% |
| Tangible fixed assets22/27 | €174,909 | €278,683 | €189,375 | €150,325 | €195,124 | ▲ 29.8% |
| Plant, machinery and equipment23 | €47,133 | €34,732 | €34,625 | €30,360 | €97,360 | ▲ 221% |
| Furniture and vehicles24 | €45,950 | €111,448 | €79,204 | €79,756 | €75,374 | ▼ 5.5% |
| Leasing and similar rights25 | €81,826 | €128,182 | €72,145 | €37,804 | €20,906 | ▼ 44.7% |
| Other tangible fixed assets26 | - | €4,322 | €3,402 | €2,405 | €1,485 | ▼ 38.3% |
| Financial fixed assets28 | €15,405 | €15,405 | €15,405 | €15,405 | €15,405 | = |
| Current assets29/58 | €589,134 | €582,567 | €622,955 | €1.1m | €1.2m | ▲ 10.0% |
| Amounts receivable within one year40/41 | €549,755 | €490,640 | €589,665 | €878,282 | €756,366 | ▼ 13.9% |
| Trade receivables40 | €526,979 | €463,661 | €538,844 | €853,463 | €697,523 | ▼ 18.3% |
| Other amounts receivable41 | €22,775 | €26,979 | €50,821 | €24,819 | €58,842 | ▲ 137% |
| Cash at bank and in hand54/58 | €39,379 | €85,052 | €33,008 | €208,277 | €442,573 | ▲ 112% |
| Deferred charges and accrued income490/1 | - | €6,874 | €282 | €7,752 | €4,754 | ▼ 38.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €779,448 | €876,655 | €827,735 | €1.3m | €1.4m | ▲ 12.2% |
| Equity10/15 | €158,687 | €195,329 | €234,237 | €383,080 | €405,619 | ▲ 5.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €139,150 | €176,150 | €215,150 | €364,150 | €386,150 | ▲ 6.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €13,290 | €13,290 | €13,290 | €13,290 | €13,290 | = |
| Distributable reserves133 | €124,000 | €161,000 | €200,000 | €349,000 | €371,000 | ▲ 6.3% |
| Profit (loss) carried forward14 | €937 | €579 | €487 | €330 | €869 | ▲ 163% |
| Amounts payable17/49 | €620,761 | €681,326 | €593,497 | €876,960 | €1.0m | ▲ 15.0% |
| Amounts payable after more than one year17 | €175,765 | €200,717 | €110,530 | €85,938 | €70,495 | ▼ 18.0% |
| Financial debts170/4 | €175,765 | €200,717 | €110,530 | €85,938 | €70,495 | ▼ 18.0% |
| Amounts payable within one year42/48 | €437,335 | €480,608 | €482,967 | €791,022 | €938,108 | ▲ 18.6% |
| Current portion of amounts payable after more than one year42 | €77,988 | €102,160 | €82,914 | €53,138 | €63,520 | ▲ 19.5% |
| Financial debts43 | €40,000 | €90,000 | €100,000 | €100,000 | - | - |
| Credit institutions430/8 | €40,000 | €90,000 | €100,000 | €100,000 | - | - |
| Trade debts44 | €48,673 | €120,824 | €162,142 | €520,520 | €530,352 | ▲ 1.9% |
| Suppliers440/4 | €48,673 | €120,824 | €162,142 | €520,520 | €530,352 | ▲ 1.9% |
| Taxes, remuneration and social security45 | €132,990 | €103,204 | €81,315 | €114,080 | €190,142 | ▲ 66.7% |
| Taxes450/3 | €48,917 | €50,110 | €24,168 | €61,392 | €123,498 | ▲ 101% |
| Remuneration and social security454/9 | €84,073 | €53,095 | €57,147 | €52,688 | €66,644 | ▲ 26.5% |
| Other amounts payable47/48 | €137,685 | €64,420 | €56,597 | €3,283 | €154,095 | ▲ 4,593% |
| Accrued charges and deferred income492/3 | €7,661 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €133,468 | €36,642 | €38,908 | €148,843 | €176,538 | ▲ 18.6% |
| + Depreciation and write-downs630 | €68,524 | €79,065 | €102,913 | €90,514 | €81,481 | ▼ 10.0% |
| Operating cash flow (approximation) | €201,992 | €115,707 | €141,821 | €239,357 | €258,019 | ▲ 7.8% |
| Investment in fixed assets (approximation) | - | -€182,839 | -€13,605 | -€51,464 | -€126,280 | ▼ 145% |
| Change in cash | - | €45,673 | -€52,044 | €175,269 | €234,296 | ▲ 33.7% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
31-12
Financial
Highest result since 2018net €176,538 ▲18.6%
Operating result €266,256, net result €176,538, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
2023
31-12
Financial
Equity above €200,000Eq €234,237 ▲19.9%
5 profitable years in a row build equity to €234,237.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
31-12
Financial
Equity above €150,000Eq €158,687 ▲26.7%
3 profitable years in a row build equity to €158,687.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €3,920
Net result €3,920 after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
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 9 acts read
About the unread acts
We know of 9 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
9 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, Antwerpen · 1 establishment unit since 2008
Ground area
1.8 ha
Building footprint
5,515 m²
Volume, LiDAR
46,357 m³
2 parcels, Flanders, Wallonia · tallest building 20.9 m, ±6 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Nasko
since 20082.172.935.305
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028B0308/02B002 | Wallonia | 1.7 ha | 1 · 5,334 m² | 9.2 m · 3 fl. |
| 11806F1317/00L010 | Flanders | 519 m² | 1 · 181 m² | 20.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categoryNASKO BV44849
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Of 295 companies in sector 42211 we hold annual accounts for 132. 77 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
Founded27-08-2008
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
42211Civil engineering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806041096
Also
9925:BE0806041096
Registered
13-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.