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Public limited companyfounded 198145 yrs activeFredegandus Van Rielstraat 21, 2100 Antwerpen, BelgiumKBO/BCE: BE 0421.947.723
Summary

NEEFS 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 €417,926 and a net result of €72,289. Equity is shrinking by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 27% of 5585 sector peers (fiscal year 2025). The company has been active since 1981 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

Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €417,926
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
2 d late
2024
on the day
2023
2 d early
2022
33 d early
2021
on the day
2020
22 d late
2019
137 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 18 days after 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

NEEFS was incorporated on 18 September 1981.1 Total assets rose from EUR 1.3 million in 2019 to EUR 1.6 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€417,926▲ 20.9%
2024 · €345,637
Net result
€72,289▲ 832%
2024 · €7,759
Total assets
€1.6m▲ 9.8%
2024 · €1.4m
Solvency
26.3%▲ 2.4pp
2024 · 23.9%
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
Operating result-€63,017▼ 17.3%-€61,971▲ 1.7%-€62,031▼ 0.1%€26,128€86,928▲ 233%
Net result-€97,936below the sector's middle half▼ 19.7%-€95,345below the sector's middle half▲ 2.6%€69,655within the sector's middle half€7,759within the sector's middle half▼ 88.9%€72,289within the sector's middle half▲ 832%
Equity€363,568within the sector's middle half▼ 21.2%€268,223within the sector's middle half▼ 26.2%€337,877within the sector's middle half▲ 26.0%€345,637within the sector's middle half▲ 2.3%€417,926within the sector's middle half▲ 20.9%
Total assets€1.3mwithin the sector's middle half▼ 1.3%€1.3mwithin the sector's middle half▼ 0.4%€1.4mwithin the sector's middle half▲ 3.6%€1.4mwithin the sector's middle half▲ 3.8%€1.6mwithin the sector's middle half▲ 9.8%
Debt€985,851▲ 8.8%€1.1m▲ 9.2%€1.1m▼ 2.0%€1.1m▲ 4.3%€1.2m▲ 6.3%
Working capital-€320,696below the sector's middle half▼ 78.2%-€411,933below the sector's middle half▼ 28.4%-€498,954below the sector's middle half▼ 21.1%-€389,161below the sector's middle half▲ 22.0%€442,929above the sector's middle half
Solvency26.9%within the sector's middle half▼ 6.8pp20.0%below the sector's middle half▼ 7.0pp24.3%below the sector's middle half▲ 4.3pp23.9%below the sector's middle half▼ 0.4pp26.3%within the sector's middle half▲ 2.4pp
Current ratio0.38within the sector's middle half▼ 0.170.36within the sector's middle half▼ 0.030.36within the sector's middle half=0.47within the sector's middle half▲ 0.115.27above the sector's middle half▲ 4.80
Return on assets (ROA)-7.3%below the sector's middle half▼ 1.3pp-7.1%below the sector's middle half▲ 0.2pp5.0%within the sector's middle half▲ 12.1pp0.5%within the sector's middle half▼ 4.5pp4.6%within the sector's middle half▲ 4.0pp
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 or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000€100,000Operating result 2021: -€63,017-€63,017Net result 2021: -€97,936-€97,936Operating result 2022: -€61,971-€61,971Net result 2022: -€95,345-€95,345Operating result 2023: -€62,031-€62,031Net result 2023: €69,655€69,655Operating result 2024: €26,128€26,128Net result 2024: €7,759€7,759Operating result 2025: €86,928€86,928Net result 2025: €72,289€72,28920212022202320242025-€100,000-€50,000€0€50,000€100,000Operating result 2023: -€62,031-€62,000Net result 2023: €69,655€69,700Operating result 2024: €26,128€26,100Net result 2024: €7,759€7,760Operating result 2025: €86,928€86,900Net result 2025: €72,289€72,300202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 233% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets €1.0m ▼ 5.7%
Current assets €546,690 ▲ 59.6%
Equity and liabilities €1.6m
Equity €417,926 ▲ 20.9%
Debt €1.2m ▲ 6.3%
Debt's share of the balance-sheet total falls from 76.1% to 73.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
ROE
17.3%▲
2024 · 2.2%
Debt ≤ 1 year
€103,761▼
2024 · €731,800
Debt > 1 year
€1.1m▲
2024 · €368,269
Income taxes
€7,229▲
2024 · €5,629
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.4m€1.6m▲
Fixed assets21/28€1.1m€1.0m▼
Tangible fixed assets22/27€1.0m€978,639▼
Land and buildings22€1.0m€958,105▼
Furniture and vehicles24€10,283€9,859▼
Other tangible fixed assets26€21,021€10,675▼
Financial fixed assets28€61,954€61,954=
Current assets29/58€342,639€546,690▲
Amounts receivable after more than one year29€328,205€429,412▲
Other amounts receivable291€328,205€429,412▲
Amounts receivable within one year40/41€13,007€115,788▲
Trade receivables40€13,007€115,783▲
Other amounts receivable41-€5
Cash at bank and in hand54/58€1€7▲
Deferred charges and accrued income490/1€1,426€1,482▲
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.6m▲
Equity10/15€345,637€417,926▲
Contributions10/11€80,000€80,000=
Capital10€80,000€80,000=
Issued capital100€80,000€80,000=
Reserves13€265,637€337,926▲
Non-distributable reserves130/1€11,000€11,000=
Legal reserve130€11,000€11,000=
Distributable reserves133€254,637€326,926▲
Amounts payable17/49€1.1m€1.2m▲
Amounts payable after more than one year17€368,269€1.1m▲
Financial debts170/4€368,269€1.1m▲
Amounts payable within one year42/48€731,800€103,761▼
Current portion of amounts payable after more than one year42€33,538€35,285▲
Financial debts43€2,468€2,484▲
Credit institutions430/8€2,468€2,484▲
Trade debts44€46,596€52,693▲
Suppliers440/4€46,596€52,693▲
Taxes, remuneration and social security45€22,697€13,299▼
Taxes450/3€22,697€13,299▼
Other amounts payable47/48€626,501-
Income statement Code20242025
Non-recurring operating income76A-€19,261
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37,306€31,660▼
Other operating charges640/8€6,125€9,676▲
Gross operating margin9900€69,559€128,264▲
Operating profit (loss)9901€26,128€86,928▲
Financial income75/76B€14,692€16,538▲
Recurring financial income75€14,692€16,538▲
Financial charges65/66B€27,431€23,947▼
Recurring financial charges65€27,431€23,287▼
Non-recurring financial charges66B-€660
Profit (loss) for the period before taxes9903€13,389€79,518▲
Income taxes67/77€5,629€7,229▲
Profit (loss) for the period9904€7,759€72,289▲
Profit (loss) for the period to be appropriated9905€7,759€72,289▲
Appropriation of the result
Profit (loss) to be appropriated9906€7,759€72,289▲
Transfer to equity691/2€7,759€72,289▲
To other reserves6921€7,759€72,289▲

The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€180--€19,261-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54,873€42,817€37,236€37,306€31,660▼ 15.1%
Other operating charges640/8-€41,937€8,302€6,125€9,676▲ 58.0%
Non-recurring operating charges66A-€248----
Gross operating margin9900€1,083€23,030-€16,493€69,559€128,264▲ 84.4%
Operating profit (loss)9901-€63,017-€61,971-€62,031€26,128€86,928▲ 233%
Financial income75/76B-€0€167,784€14,692€16,538▲ 12.6%
Recurring financial income75€0€0€164,698€14,692€16,538▲ 12.6%
Non-recurring financial income76B--€3,086---
Financial charges65/66B-€33,374€29,133€27,431€23,947▼ 12.7%
Recurring financial charges65€36,687€31,830€29,133€27,431€23,287▼ 15.1%
Non-recurring financial charges66B-€1,544--€660-
Profit (loss) for the period before taxes9903-€97,787-€95,345€76,620€13,389€79,518▲ 494%
Income taxes67/77€149-€6,965€5,629€7,229▲ 28.4%
Profit (loss) for the period9904-€97,936-€95,345€69,655€7,759€72,289▲ 832%
Profit (loss) for the period to be appropriated9905-€97,936-€95,345€69,655€7,759€72,289▲ 832%
Line20212022202320242025Change
Assets
Total assets20/58€1.3m€1.3m€1.4m€1.4m€1.6m▲ 9.8%
Fixed assets21/28€1.1m€1.1m€1.1m€1.1m€1.0m▼ 5.7%
Tangible fixed assets22/27€1.1m€1.1m€1.0m€1.0m€978,639▼ 6.0%
Land and buildings22-€1.0m€1.0m€1.0m€958,105▼ 5.1%
Plant, machinery and equipment23-€963€482---
Furniture and vehicles24-€11,710€10,996€10,283€9,859▼ 4.1%
Other tangible fixed assets26-€24,259€22,619€21,021€10,675▼ 49.2%
Financial fixed assets28€61,454€61,954€61,954€61,954€61,954=
Current assets29/58€199,840€229,560€284,027€342,639€546,690▲ 59.6%
Amounts receivable after more than one year29-€214,795€281,385€328,205€429,412▲ 30.8%
Other amounts receivable291-€214,795€281,385€328,205€429,412▲ 30.8%
Amounts receivable within one year40/41€23,542€13,362€1,271€13,007€115,788▲ 790%
Trade receivables40-€10,208€1,252€13,007€115,783▲ 790%
Other amounts receivable41-€3,154€19-€5-
Cash at bank and in hand54/58€55€32€28€1€7▲ 782%
Deferred charges and accrued income490/1-€1,371€1,343€1,426€1,482▲ 3.9%
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.3m€1.4m€1.4m€1.6m▲ 9.8%
Equity10/15€363,568€268,223€337,877€345,637€417,926▲ 20.9%
Contributions10/11€80,000€80,000€80,000€80,000€80,000=
Capital10-€80,000€80,000€80,000€80,000=
Issued capital100-€80,000€80,000€80,000€80,000=
Reserves13€283,568€188,223€257,877€265,637€337,926▲ 27.2%
Non-distributable reserves130/1-€11,000€11,000€11,000€11,000=
Legal reserve130-€11,000€11,000€11,000€11,000=
Distributable reserves133-€177,223€246,877€254,637€326,926▲ 28.4%
Amounts payable17/49€985,851€1.1m€1.1m€1.1m€1.2m▲ 6.3%
Amounts payable after more than one year17€465,315€434,594€271,808€368,269€1.1m▲ 189%
Financial debts170/4-€434,594€271,808€368,269€1.1m▲ 189%
Amounts payable within one year42/48€520,536€641,493€782,980€731,800€103,761▼ 85.8%
Current portion of amounts payable after more than one year42-€32,051€162,786€33,538€35,285▲ 5.2%
Financial debts43-€2,436€2,459€2,468€2,484▲ 0.7%
Credit institutions430/8-€2,436€2,459€2,468€2,484▲ 0.7%
Trade debts44€56,535€37,505€43,918€46,596€52,693▲ 13.1%
Suppliers440/4-€37,505€43,918€46,596€52,693▲ 13.1%
Taxes, remuneration and social security45-€52,757€12,823€22,697€13,299▼ 41.4%
Taxes450/3-€52,757€12,823€22,697€13,299▼ 41.4%
Other amounts payable47/48-€516,744€560,993€626,501--
Accrued charges and deferred income492/3--€58---
Line20212022202320242025Change
Profit (loss) for the period9904-€97,936-€95,345€69,655€7,759€72,289▲ 832%
+ Depreciation and write-downs630€54,873€42,817€37,236€37,306€31,660▼ 15.1%
Operating cash flow (approximation)-€43,063-€52,528€106,890€45,066€103,949▲ 131%
Investment in fixed assets (approximation)--€7,988-€31,182-€31,677€30,815▲ 197%
Change in cash--€23-€4-€27€7▲ 124%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
02-02
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2025
30-06
Financial Highest result since 2019net €72,289 ▲832%
Operating result €86,928, net result €72,289, both a record.
30-06
Financial Liquidity times 11current ratio 5.27
Current ratio from 0.47 to 5.27; short-term debt falls from €731,800 to €103,761.
31-01
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-01
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial Back to profitnet €69,655
Net result €69,655 after 4 loss-making years.
2022
29-12
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
31-01
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial Weakest financial yearnet -€97,936
Net result drops to -€97,936, the lowest in the series; recovery starts the following year.
22-02
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 22 days late
2020
16-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 137 days late
2019
15-01
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-01
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-01
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 1981
seat establishment The establishment unit on the map
Ground area
4,777 m²
Building footprint
373 m²
Volume, LiDAR
4,620 m³
2 parcels, Flanders · tallest building 23.7 m, ±5 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Essensteenweg 26, 2950 Kapellen
Air transport
since 19812.024.165.118
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11023K0006/00E002 Flanders 4,208 m² 1 · 235 m² 23.7 m · 5 fl.
11345B0247/00H009 Flanders 569 m² 1 · 138 m² 9.4 m · 3 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 30-06-2025 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 30-06-2025 of NEEFS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,732 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded18-09-1981
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0421947723
Also 9925:BE0421947723

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.