Age9 yrs
Real estate2 parcels · 180 m²
Summary
Conclusion
the dossier summarised in one paragraphThe KBO register records legal situation 050 for NEDEX (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2022 annual accounts show equity of €170k and a net result of €49k.
Based on the State Gazette, CBE and 5 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 event29-08-2025
KBO administration
Address struck
Signals
Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.
Filing behaviour
From the deposit records, complete market-wideFiling behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 14-06-2023, 47 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 6 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | nothing on record | not filed | - |
| 31-12-2022 | 31-07-2023 | 14-06-2023 | 47 d early | 2023-00125795 |
| 31-12-2021 | 31-07-2022 | 25-10-2022 | 86 d late | 2022-20471927 |
| 31-12-2020 | 31-07-2021 | 05-11-2021 | 97 d late | 2021-76600158 |
| 31-12-2019 | 31-07-2020 | 11-09-2020 | 42 d late | 2020-52500560 |
| 31-12-2018 | 31-07-2019 | 25-06-2019 | 36 d early | 2019-23700154 |
| 31-12-2017 | 31-07-2018 | 02-07-2018 | 29 d early | 2018-26400482 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
1 signalRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags
1 eventAddress struck
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€49k-44.1%
Working capital€93k+237.1%
Annual accounts & ratios
Source: NBB · 2022Annual accounts filed on 14-06-2023 with the NBB · fiscal year 2022 · verkort
€139k
-0.1%
18-22
€49k
-44.1%
18-22
€119k
+8.9%
18-22
€400k
-12.1%
18-22
€170k
+40.9%
18-22
€93k
+237.1%
18-22
€540k
+35.5%
18-22
€18k
-35.8%
18-22
Show 9 other metrics
€229k
-31.3%
18-22
€229k
-31.3%
18-22
1.40
+29.7%
18-22
1.40
+29.7%
18-22
42.6%
+60.3%
18-22
1.35
-51.2%
18-22
29.0%
-60.3%
18-22
12.4%
-36.4%
18-22
54.64
-4.1%
18-22
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €139k |
| Net profit | €49k |
| Cash flow | €119k |
| Staff costs | €540k |
| Income taxes | €18k |
| Dividends | - |
| Total assets | €400k |
| Equity | €170k |
| Debt | €229k |
| of which ≤ 1y | €229k |
| of which > 1y | - |
| Working capital | €93k |
| Employees (FTE) | - |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 1.40 |
| Quick ratio | 1.40 |
| Working capital ratio | 23.2% |
| Solvency | 42.6% |
| Debt / equity | 1.35 |
| Long-term debt ratio | - |
| Interest coverage | 54.64 |
| Gross margin | - |
| Net margin | - |
| ROA | 12.4% |
| ROE | 29.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2022
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €400k |
| Fixed assets | 21/28 | €78k |
| Tangible fixed assets | 22/27 | €77k |
| Financial fixed assets | 28 | €870 |
| Current assets | 29/58 | €322k |
| Amounts receivable within one year | 40/41 | €164k |
| Cash & bank | 54/58 | €152k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €400k |
| Equity | 10/15 | €170k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €150k |
| Amounts payable | 17/49 | €229k |
| Amounts payable within one year | 42/48 | €229k |
| Trade debts payable within one year | 44 | €26k |
| Income statement | ||
| Gross operating margin | 9900 | €695k |
| Operating result | 9901 | €70k |
| Financial income | 75 | €10 |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €67k |
| Income taxes | 67/77 | €18k |
| Net result for the period | 9904 | €49k |
| Result to be appropriated | 9905 | €49k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2022 · computed21
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2022 and the legal situation the KBO register itself records. Indicative, not credit advice.
Directors
Directors & mandates
4 directors6 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
Yusein ErhanDirectorState Gazette act 24180334 (24-12-2024)Current01-08-2024 → present
-
DOGUÇ MustafaDirectorState Gazette act 24396710 (13-05-2024)Current13-05-2024 → present
Former directors (2)
-
MURAT KerimDirectorState Gazette act 24396710 (13-05-2024)Former13-05-2024 → 01-08-2024
2 events
- 01-08-2024 Resigned· Director
- 13-05-2024 Appointed· Director
-
Doguc MustafaDirectorState Gazette act 24130735 (06-09-2024)Former- → 30-06-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 27-09-2016 |
| Status | Active |
| Postal code | - |
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationNEDEX
since 20162.257.208.707
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area180 m²
Buildings2
Building footprint153 m²
Volume (LiDAR)1,306 m³
Tallest building12.0 m · ±4 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11313B0905/00W011 | Flanders | 109 m² | 1 · 93 m² | 12.0 m · 2 fl. |
| 11805E0435/00V004 | Flanders | 70 m² | 1 · 60 m² | 11.9 m · 4 fl. |
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.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette29-08-2025
KBO administration
Address struck
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
4 acts Capital history · 2
24-12-2024
Capital change
06-09-2024
Capital change
All acts · 4
updated 1 year ago
2024
24-12-2024 Transaction in capital or shares
26-09-2024 Doguc Mustafa resigns as director
- Doguc Mustafa, Bestuurder
06-09-2024 Transaction in capital or shares
13-05-2024 2 directors appointed, 2 reappointed
- MURAT Kerim, Bestuurder
- DOGUÇ Mustafa, Bestuurder
- DOGUÇ Mustafa, Bestuurder
- MURAT Kerim, Bestuurder
Notary:
Jeroen Uytterhaegen · Wetteren
Analysis
Financial profile
5 of 5 axes measured55
/ 100
Mixed profile: strong on profitability, weaker on stability.
All 5 axes are computed from data Checked has read.
Health
21
Profitability
100
Solvency
74
Growth
78
Stability
0
Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads BankNames & trade names
| Legal nameNL | NEDEX |
Registration history
- 29-08-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.