NECCO
ActiveSummary
NECCO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52,171 and a net result of €51,888. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 36% of 7833 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+7
Solvency57▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 2.12 against 2.14 in 2024; short-term debt: 33.4% and cash: 64.7% of total assets), but 67.9% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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
32.1%
Return on assets
31.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
27 d late
2023
27 d late
2022
31 d late
2021
29 d late
2020
60 d late
2019
80 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 40 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 28 August (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, micro schema
Equity
€52,171▲ 72.3%
2024 · €30,283
Total assets
€162,758▲ 17.3%
2024 · €138,763
Net result
€51,888▲ 91.9%
2024 · €27,043
Working capital
€60,711▲ 14.4%
2024 · €53,090
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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€9,896€7,043▼ 28.8%-€4,044€31,779€62,464▲ 96.6%
Net result€6,244within the sector's middle half€1,936within the sector's middle half▼ 69.0%-€10,184below the sector's middle half€27,043within the sector's middle half€51,888above the sector's middle half▲ 91.9%
Equity€26,488within the sector's middle half▲ 30.8%€28,424within the sector's middle half▲ 7.3%€18,240within the sector's middle half▼ 35.8%€30,283within the sector's middle half▲ 66.0%€52,171within the sector's middle half▲ 72.3%
Total assets€151,936within the sector's middle half▲ 26.3%€148,372within the sector's middle half▼ 2.3%€131,932within the sector's middle half▼ 11.1%€138,763within the sector's middle half▲ 5.2%€162,758within the sector's middle half▲ 17.3%
Debt€125,448▲ 25.4%€119,948▼ 4.4%€113,692▼ 5.2%€108,480▼ 4.6%€110,587▲ 1.9%
Working capital-€4,605within the sector's middle half▼ 365%-€7,544below the sector's middle half▼ 63.8%€35,444within the sector's middle half€53,090within the sector's middle half▲ 49.8%€60,711within the sector's middle half▲ 14.4%
Solvency17.4%within the sector's middle half▲ 0.6pp19.2%within the sector's middle half▲ 1.7pp13.8%below the sector's middle half▼ 5.3pp21.8%within the sector's middle half▲ 8.0pp32.1%within the sector's middle half▲ 10.2pp
Current ratio0.91within the sector's middle half▼ 0.070.85below the sector's middle half▼ 0.061.74within the sector's middle half▲ 0.902.14within the sector's middle half▲ 0.402.12within the sector's middle half▼ 0.02
Return on assets (ROA)4.1%within the sector's middle half▲ 9.2pp1.3%within the sector's middle half▼ 2.8pp-7.7%below the sector's middle half▼ 9.0pp19.5%within the sector's middle half▲ 27.2pp31.9%above the sector's middle half▲ 12.4pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 97% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162,758
Fixed assets
€47,752 ▲ 22.2%
Current assets
€115,006 ▲ 15.4%
Equity and liabilities €162,758
Equity
€52,171 ▲ 72.3%
Debt
€110,587 ▲ 1.9%
Debt's share of the balance-sheet total falls from 78.2% to 67.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€63,801▲
2024 · €33,116
Cash flow
€53,226▲
2024 · €28,380
Debt to equity
2.12▼
2024 · 3.58
ROE
99.5%▲
2024 · 89.3%
Interest coverage
30.30▲
2024 · 10.52
Debt ≤ 1 year
€54,295▲
2024 · €46,583
Debt > 1 year
€55,542▼
2024 · €60,797
Income taxes
€8,470▲
2024 · €1,587
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 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 of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% 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 34,679 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 | - | - | €9,750 | - | €2,662 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,140 | €1,239 | €1,338 | €1,338 | €1,338 | = |
| Other operating charges640/8 | €2,251 | €2,430 | €2,723 | €2,015 | €3,528 | ▲ 75.1% |
| Non-recurring operating charges66A | - | €500 | - | - | - | - |
| Gross operating margin9900 | €13,287 | €11,212 | €16 | €35,131 | €67,329 | ▲ 91.7% |
| Operating profit (loss)9901 | €9,896 | €7,043 | -€4,044 | €31,779 | €62,464 | ▲ 96.6% |
| Financial income75/76B | €4 | €0 | €0 | €0 | €0 | ▼ 33.3% |
| Recurring financial income75 | €4 | €0 | €0 | €0 | €0 | ▼ 33.3% |
| Financial charges65/66B | €2,920 | €2,726 | €3,479 | €3,149 | €2,105 | ▼ 33.1% |
| Recurring financial charges65 | €2,920 | €2,726 | €3,479 | €3,149 | €2,105 | ▼ 33.1% |
| Profit (loss) for the period before taxes9903 | €6,980 | €4,317 | -€7,524 | €28,629 | €60,358 | ▲ 111% |
| Income taxes67/77 | €736 | €2,382 | €2,660 | €1,587 | €8,470 | ▲ 434% |
| Profit (loss) for the period9904 | €6,244 | €1,936 | -€10,184 | €27,043 | €51,888 | ▲ 91.9% |
| Profit (loss) for the period to be appropriated9905 | €6,244 | €1,936 | -€10,184 | €27,043 | €51,888 | ▲ 91.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €151,936 | €148,372 | €131,932 | €138,763 | €162,758 | ▲ 17.3% |
| Fixed assets21/28 | €107,139 | €107,015 | €48,761 | €39,090 | €47,752 | ▲ 22.2% |
| Tangible fixed assets22/27 | €107,139 | €107,015 | €48,761 | €39,090 | €37,752 | ▼ 3.4% |
| Land and buildings22 | €100,140 | €100,140 | €43,224 | €34,890 | €34,890 | = |
| Furniture and vehicles24 | €1,181 | €928 | €675 | €422 | €169 | ▼ 59.9% |
| Other tangible fixed assets26 | €5,818 | €5,947 | €4,862 | €3,778 | €2,693 | ▼ 28.7% |
| Financial fixed assets28 | - | - | - | - | €10,000 | - |
| Current assets29/58 | €44,797 | €41,357 | €83,172 | €99,673 | €115,006 | ▲ 15.4% |
| Amounts receivable within one year40/41 | €16,776 | €27,982 | €21,430 | €27,605 | €9,228 | ▼ 66.6% |
| Trade receivables40 | €16,691 | €27,896 | €21,344 | €27,519 | €8,908 | ▼ 67.6% |
| Other amounts receivable41 | €85 | €86 | €86 | €86 | €320 | ▲ 272% |
| Cash at bank and in hand54/58 | €27,271 | €13,374 | €60,992 | €72,068 | €105,260 | ▲ 46.1% |
| Deferred charges and accrued income490/1 | €750 | - | €750 | - | €518 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €151,936 | €148,372 | €131,932 | €138,763 | €162,758 | ▲ 17.3% |
| Equity10/15 | €26,488 | €28,424 | €18,240 | €30,283 | €52,171 | ▲ 72.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €23,060 | €24,996 | €24,996 | €37,039 | €58,927 | ▲ 59.1% |
| Non-distributable reserves130/1 | €23,060 | €24,996 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Other1319 | €21,200 | €23,136 | - | - | - | - |
| Distributable reserves133 | - | - | €24,996 | €37,039 | €58,927 | ▲ 59.1% |
| Profit (loss) carried forward14 | -€2,772 | -€2,772 | -€12,956 | -€12,956 | -€12,956 | = |
| Amounts payable17/49 | €125,448 | €119,948 | €113,692 | €108,480 | €110,587 | ▲ 1.9% |
| Amounts payable after more than one year17 | €76,047 | €71,048 | €65,965 | €60,797 | €55,542 | ▼ 8.6% |
| Financial debts170/4 | €76,047 | €71,048 | €65,965 | €60,797 | €55,542 | ▼ 8.6% |
| Amounts payable within one year42/48 | €49,402 | €48,900 | €47,728 | €46,583 | €54,295 | ▲ 16.6% |
| Current portion of amounts payable after more than one year42 | €4,917 | €4,999 | €5,083 | €5,168 | €5,255 | ▲ 1.7% |
| Trade debts44 | €17,803 | €6,450 | €9,164 | €6,257 | €7,512 | ▲ 20.1% |
| Suppliers440/4 | €17,803 | €6,450 | €9,164 | €6,257 | €7,512 | ▲ 20.1% |
| Taxes, remuneration and social security45 | €3,617 | €6,145 | €7,558 | €9,036 | €21,149 | ▲ 134% |
| Taxes450/3 | €3,617 | €6,145 | €7,558 | €9,036 | €21,149 | ▲ 134% |
| Other amounts payable47/48 | €23,065 | €31,306 | €25,922 | €26,123 | €20,379 | ▼ 22.0% |
| Accrued charges and deferred income492/3 | - | - | - | €1,100 | €750 | ▼ 31.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,244 | €1,936 | -€10,184 | €27,043 | €51,888 | ▲ 91.9% |
| + Depreciation and write-downs630 | €1,140 | €1,239 | €1,338 | €1,338 | €1,338 | = |
| Operating cash flow (approximation) | €7,384 | €3,175 | -€8,846 | €28,380 | €53,226 | ▲ 87.5% |
| Investment in fixed assets (approximation) | - | -€1,114 | €56,917 | €8,333 | -€10,000 | ▼ 220% |
| Change in cash | - | -€13,896 | €47,617 | €11,076 | €33,192 | ▲ 200% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Highest result since 2018net €51,888 ▲91.9%
Operating result €62,464, net result €51,888, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €27,043
Net result €27,043 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet -€10,184
Net result drops to -€10,184, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.74
Current ratio from 0.85 to 1.74; short-term debt falls from €48,900 to €47,728.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €6,244
Net result €6,244 after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 80 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Wavre · 1 establishment unit since 2015
Ground area
4,605 m²
Building footprint
190 m²
Volume, LiDAR
2,018 m³
Parcel 25006B0074/00M000, Wallonia · tallest building 20.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NECCO
since 20152.246.764.478
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006B0074/00M000 | Wallonia | 4,605 m² | 1 · 190 m² | 20.0 m · 3 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.
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,516. 2,540 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
Founded14-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
68110Buying and selling of own real estate
68310Real estate agency activities
Contact
E-mail
katiacolbach@gmail.comWavre
Phone
0475/254407Wavre
E-invoicing
Reachable via Peppol
Peppol ID
0208:0640923342
Registered
31-12-2025
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.