Necrete
ActiveThe computed 12-month bankruptcy probability of Necrete is 2.4% (moderate). The annual accounts of Necrete for fiscal year 2024 show a net loss of 66% of total assets and of 55% of the equity at the start of that year. The 2024 annual accounts show equity of €13k and a net result of €-16k. Equity is shrinking by ~34.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 58% of 501 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-3
Solvency79▼-21
Growth32=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.29 against 10.15 in 2023; short-term debt: 46.4% and cash: 47.6% of total assets), and 46.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
53.6%
Return on assets
-65.7%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-16k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
4 d late
2023
48 d early
2022
48 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€13k▼ 55.0%
2023 · €28k
2022: €32k
2023: €28k
2022 → 2024
Total assets
€24k▼ 21.0%
2023 · €30k
2022: €32k
2023: €30k
2022 → 2024
Net result
€-16k▼ 299%
2023 · €-4k
2022: €12k
2023: €-4k
2022 → 2024
Working capital
€3k▼ 79.7%
2023 · €16k
2022: €18k
2023: €16k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€32k-€28k▼ 12.1%€13k▼ 55.0%
Operating result€12k-€-4k€-15k▼ 325%
Net result€12k-€-4k€-16k▼ 299%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2024 against €4k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €24k
Fixed assets
€10k▼ 24.5%
Current assets
€14k▼ 18.4%
Equity and liabilities €24k
Equity
€13k▼ 55.0%
Debt
€11k▲ 542%
The debt ratio rises from 5.7% to 46.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-12k▼
2023 · €-1k
Cash flow
€-12k▼
2023 · €-2k
Solvency
53.6%▼
2023 · 94.3%
Current ratio
1.29▼
2023 · 10.15
Quick ratio
1.29▼
2023 · 10.15
Debt / equity
0.86▲
2023 · 0.06
ROE
-122.5%▼
2023 · -13.8%
ROA
-65.7%▼
2023 · -13.0%
Interest coverage
-67.76▼
2023 · -5.44
Debt
€11k▲
2023 · €2k
Debt ≤ 1 year
€11k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€30k€24k▼
Fixed assets21/28€13k€10k▼
Tangible fixed assets22/27€13k€10k▼
Plant, machinery and equipment23€12k€9k▼
Furniture and vehicles24€589€419▼
Assets under construction and advance payments27€0-
Current assets29/58€17k€14k▼
Amounts receivable within one year40/41€5k€3k▼
Trade receivables40€5k€0▼
Other amounts receivable41€70€3k▲
Cash at bank and in hand54/58€13k€11k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€30k€24k▼
Equity10/15€28k€13k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€8k€-7k▼
Amounts payable17/49€2k€11k▲
Amounts payable within one year42/48€2k€11k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€57€57=
Taxes450/3€57€57=
Other amounts payable47/48€20€8k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€306€978▲
Gross operating margin9900€-1k€-11k▼
Operating profit (loss)9901€-4k€-15k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€275€181▼
Recurring financial charges65€275€181▼
Profit (loss) for the period before taxes9903€-4k€-16k▼
Profit (loss) for the period9904€-4k€-16k▼
Profit (loss) for the period to be appropriated9905€-4k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€-7k▼
Profit (loss) brought forward from the previous period14P€12k€8k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Edegem · 2 establishment units since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Smolders Blockstraat 282650 EdegemGround area
5.4 ha
Building footprint
1.4 ha
Volume, LiDAR
169,266 m³
2 parcels, Flanders · tallest building 46.4 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Necrete
since 20212.324.043.586
Necrete
since 20232.358.272.908
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0160/00L003 | Flanders | 5.3 ha | 1 · 1.4 ha | 46.4 m · 4 fl. |
| 11013A0258/00V004 | Flanders | 195 m² | 1 · 65 m² | 9.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 32,900 EUR awarded · 32,900 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 16,450 EUR |
| 2023 | 1 | 0 EUR | 16,450 EUR |
| 2022 | 1 | 32,900 EUR | 0 EUR |
Schemes
Innovatieprojecten in de context van een speerpuntcluster
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Of 67 companies in sector 23200 we hold annual accounts for 48. 6 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-11-2021
Fiscal year end31-12
Activities, NACEBEL
23200Manufacture of other non-metallic mineral products
23630Manufacture of other non-metallic mineral products
23660Manufacture of other non-metallic mineral products
23690Manufacture of other non-metallic mineral products
28990Manufacture of machinery and equipment not elsewhere classified
32990Other manufacturing not elsewhere classified
33200Installation of industrial machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.