Summary
NBCE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.6m and a net result of €466,873. Equity is growing by ~30.6% per year across the filed fiscal years. Its solvency ranks better than 92% of 5587 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 18-07-2025, 105 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
105 d early
2024
108 d early
2023
12 d early
2022
146 d early
2021
114 d early
2020
24 d early
2019
174 d early
← 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 98 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€2.6m▲ 22.4%
2024 · €2.1m
Net result
€466,873▼ 38.2%
2024 · €754,875
Total assets
€2.6m▲ 0.8%
2024 · €2.6m
Solvency
96.2%▲ 17.0pp
2024 · 79.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Turnover€1.0m▲ 0.2%€1.1m▲ 11.6%€1.8m▲ 55.6%€1.2m▼ 32.8%€745,044▼ 37.6%
Operating result€897,652▲ 1.7%€1.0m▲ 12.1%€1.6m▲ 59.6%€896,275▼ 44.2%€556,769▼ 37.9%
Net result€699,324above the sector's middle half▲ 7.8%€771,755above the sector's middle half▲ 10.4%€1.2mabove the sector's middle half▲ 60.9%€754,875above the sector's middle half▼ 39.2%€466,873above the sector's middle half▼ 38.2%
Equity€809,324within the sector's middle half▲ 636%€1.3mwithin the sector's middle half▲ 65.2%€1.3mwithin the sector's middle half▼ 0.6%€2.1mwithin the sector's middle half▲ 56.8%€2.6mabove the sector's middle half▲ 22.4%
Total assets€1.4mwithin the sector's middle half▲ 71.9%€1.9mwithin the sector's middle half▲ 38.8%€3.5mwithin the sector's middle half▲ 84.0%€2.6mwithin the sector's middle half▼ 24.4%€2.6mwithin the sector's middle half▲ 0.8%
Debt€553,191▼ 18.9%€553,544▲ 0.1%€2.2m▲ 289%€546,181▼ 74.6%€99,392▼ 81.8%
Working capital€801,733above the sector's middle half▲ 647%€1.3mabove the sector's middle half▲ 62.3%€922,277above the sector's middle half▼ 29.1%€1.7mabove the sector's middle half▲ 88.1%€2.3mabove the sector's middle half▲ 30.3%
Solvency59.4%within the sector's middle half▲ 45.5pp70.7%within the sector's middle half▲ 11.3pp38.2%within the sector's middle half▼ 32.5pp79.2%above the sector's middle half▲ 41.0pp96.2%above the sector's middle half▲ 17.0pp
Current ratio2.45within the sector's middle half▲ 1.293.35above the sector's middle half▲ 0.901.43within the sector's middle half▼ 1.924.18above the sector's middle half▲ 2.7523.75above the sector's middle half▲ 19.57
Return on assets (ROA)51.3%above the sector's middle half▼ 30.5pp40.8%above the sector's middle half▼ 10.5pp35.7%above the sector's middle half▼ 5.1pp28.7%above the sector's middle half▼ 7.0pp17.6%above the sector's middle half▼ 11.1pp
Staff (FTE)0.1below the sector's middle half=0.1below the sector's middle half=0.1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 two years in a row; 2025 is 38% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€289,228 ▼ 17.0%
Current assets
€2.4m ▲ 3.5%
Equity and liabilities €2.6m
Equity
€2.6m ▲ 22.4%
Debt
€99,392 ▼ 81.8%
Debt's share of the balance-sheet total falls from 20.8% to 3.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
18.3%▼
2024 · 36.2%
Debt ≤ 1 year
€99,392▼
2024 · €546,181
Income taxes
€155,956▼
2024 · €266,017
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.0m | €1.1m | €1.8m | €1.2m | €745,044 | ▼ 37.6% |
| Non-recurring operating income76A | - | - | €1,500 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €124,560 | €165,464 | €294,568 | €184,697 | ▼ 37.3% |
| Remuneration, social security and pensions62 | - | €7,915 | €3,857 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,755 | €3,483 | €3,563 | €3,563 | €3,460 | ▼ 2.9% |
| Other operating charges640/8 | - | - | - | - | €118 | - |
| Gross operating margin9900 | €907,853 | €1.0m | €1.6m | €899,838 | €560,347 | ▼ 37.7% |
| Operating profit (loss)9901 | €897,652 | €1.0m | €1.6m | €896,275 | €556,769 | ▼ 37.9% |
| Financial income75/76B | - | €26,568 | €56,289 | €124,686 | €66,110 | ▼ 47.0% |
| Recurring financial income75 | €37,166 | €26,568 | €56,289 | €76,051 | €66,110 | ▼ 13.1% |
| Non-recurring financial income76B | - | - | - | €48,635 | - | - |
| Financial charges65/66B | - | €61 | €42 | €69 | €50 | ▼ 27.5% |
| Recurring financial charges65 | €60 | €61 | €42 | €69 | €50 | ▼ 27.5% |
| Profit (loss) for the period before taxes9903 | €934,758 | €1.0m | €1.7m | €1.0m | €622,829 | ▼ 39.0% |
| Income taxes67/77 | €235,434 | €261,279 | €421,520 | €266,017 | €155,956 | ▼ 41.4% |
| Profit (loss) for the period9904 | €699,324 | €771,755 | €1.2m | €754,875 | €466,873 | ▼ 38.2% |
| Profit (loss) for the period to be appropriated9905 | €699,324 | €771,755 | €1.2m | €754,875 | €466,873 | ▼ 38.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.9m | €3.5m | €2.6m | €2.6m | ▲ 0.8% |
| Fixed assets21/28 | €7,591 | €36,089 | €406,279 | €348,315 | €289,228 | ▼ 17.0% |
| Tangible fixed assets22/27 | €7,591 | €36,089 | €32,525 | €28,962 | €25,502 | ▼ 11.9% |
| Plant, machinery and equipment23 | - | €547 | €330 | €113 | - | - |
| Furniture and vehicles24 | - | €35,542 | €32,195 | €28,849 | €25,502 | ▼ 11.6% |
| Financial fixed assets28 | - | - | €373,754 | €319,353 | €263,726 | ▼ 17.4% |
| Current assets29/58 | €1.4m | €1.9m | €3.1m | €2.3m | €2.4m | ▲ 3.5% |
| Amounts receivable within one year40/41 | €325,387 | €1.2m | €1.3m | €1.2m | €1.5m | ▲ 29.1% |
| Trade receivables40 | - | €30,250 | €36,300 | €72,600 | €260,177 | ▲ 258% |
| Other amounts receivable41 | - | €1.1m | €1.3m | €1.1m | €1.3m | ▲ 14.1% |
| Current investments50/53 | €367,309 | €367,309 | €367,309 | €910,411 | €710,411 | ▼ 22.0% |
| Cash at bank and in hand54/58 | €662,228 | €335,367 | €1.4m | €190,742 | €125,960 | ▼ 34.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.9m | €3.5m | €2.6m | €2.6m | ▲ 0.8% |
| Equity10/15 | €809,324 | €1.3m | €1.3m | €2.1m | €2.6m | ▲ 22.4% |
| Contributions10/11 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves not available under the articles1311 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €699,324 | €1.2m | €1.2m | €2.0m | €2.4m | ▲ 23.7% |
| Amounts payable17/49 | €553,191 | €553,544 | €2.2m | €546,181 | €99,392 | ▼ 81.8% |
| Amounts payable within one year42/48 | €553,191 | €553,544 | €2.2m | €546,181 | €99,392 | ▼ 81.8% |
| Trade debts44 | €170 | €277 | €12,347 | €18,521 | €6,538 | ▼ 64.7% |
| Suppliers440/4 | - | €277 | €12,347 | €18,521 | €6,538 | ▼ 64.7% |
| Taxes, remuneration and social security45 | - | €27,399 | €136,592 | €16,399 | €92,854 | ▲ 466% |
| Taxes450/3 | - | €26,520 | €136,592 | €16,399 | €92,854 | ▲ 466% |
| Remuneration and social security454/9 | - | €879 | - | - | - | - |
| Other amounts payable47/48 | - | €525,868 | €2.0m | €511,261 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €699,324 | €771,755 | €1.2m | €754,875 | €466,873 | ▼ 38.2% |
| + Depreciation and write-downs630 | €1,755 | €3,483 | €3,563 | €3,563 | €3,460 | ▼ 2.9% |
| Operating cash flow (approximation) | €701,079 | €775,238 | €1.2m | €758,438 | €470,333 | ▼ 38.0% |
| Investment in fixed assets (approximation) | - | -€31,981 | -€373,753 | €54,401 | €55,627 | ▲ 2.3% |
| Change in cash | - | -€326,861 | €1.1m | -€1.2m | -€64,782 | ▲ 94.7% |
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
20-03
State Gazette act
Reappointment: Erik Celis (director)Name change · Purpose change · Statutes amendment13 facts ▸
State Gazette act
Reappointment: Erik Celis (director)
Name change · Purpose change · Statutes amendment13 facts ▸
- General meeting, 10 maart 2026
- Name change, NBCE
- Purpose change, De vennootschap heeft als voorwerp: 1. De activiteiten van een holdingvennootschap... 2. De activiteiten van een managementvennootschap... 3. Het aanleggen... v…
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Director reappointment, Erik Celis (director)
- Power of attorney, Michel Peeraer
- Power of attorney, Geert Van Osselaer
- +1 further facts in this act
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet €466,873 ▼38.2%
Net result drops to €466,873, the lowest in the series.
31-03
Financial
Liquidity times 6current ratio 23.75
Current ratio from 4.18 to 23.75; short-term debt falls from €546,181 to €99,392.
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Liquidity triplescurrent ratio 4.18
Current ratio from 1.43 to 4.18; short-term debt falls from €2.2m to €546,181.
31-03
Financial
Equity above €2mEq €2.1m ▲56.8%
6 profitable years in a row build equity to €2.1m.
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2019net €1.2m ▲60.9%
Operating result €1.6m, net result €1.2m, both a record.
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €1mEq €1.3m ▲65.2%
4 profitable years in a row build equity to €1.3m.
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Show earlier events
31-03
Financial
Liquidity doublescurrent ratio 2.45
Current ratio from 1.16 to 2.45; short-term debt falls from €682,394 to €553,191.
31-03
Financial
Equity above €500,000Eq €809,324 ▲636%
3 profitable years in a row build equity to €809,324.
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
10-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
11-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director
CELIS Erik
CurrentDirector
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2012
Ground area
1,352 m²
Building footprint
724 m²
Volume, LiDAR
12,888 m³
2 parcels, Flanders · tallest building 22.5 m, ±7 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
NOTARIELE BESTUURSVENNOOTSCHAP CELIS ERIK
since 20122.213.546.334
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1898/00A006 | Flanders | 899 m² | 1 · 324 m² | 19.1 m · 6 fl. |
| 11804D2165/00F021 | Flanders | 453 m² | 1 · 400 m² | 22.5 m · 7 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.
Mandate history
1 person since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CELIS Erik |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 10,211 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
Founded22-10-2012
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0849831153
Also
9925:BE0849831153
Registered
03-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.