NEIRINCK
ActiveSummary
NEIRINCK has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €686k and a net result of €45k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-6
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
short-term debt: 0.9% and cash: 94.5% of total assets, and 0.9% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
99.1%
Return on assets
6.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
6 d late
2023
on the day
2022
8 d late
2021
61 d late
2020
1 d early
2019
90 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Equity
€686k▲ 7.0%
2024 · €641k
Total assets
€692k▲ 5.5%
2024 · €656k
Net result
€45k▼ 38.0%
2024 · €73k
Working capital
€663k▲ 8.1%
2024 · €613k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€36k▼ 71.5%€82k▲ 124%€100k▲ 22.9%€102k▲ 1.6%€64k▼ 37.2%
Net result€18k▼ 74.0%€58k▲ 223%€74k▲ 26.0%€73k▼ 1.3%€45k▼ 38.0%
Equity€436k▲ 4.3%€494k▲ 13.4%€568k▲ 14.9%€641k▲ 12.8%€686k▲ 7.0%
Total assets€677k▼ 44.5%€533k▼ 21.2%€633k▲ 18.7%€656k▲ 3.6%€692k▲ 5.5%
Debt€241k▼ 70.0%€39k▼ 83.8%€65k▲ 67.6%€15k▼ 76.4%€6k▼ 57.8%
Working capital€240k▼ 48.3%€477k▲ 98.8%€554k▲ 16.3%€613k▲ 10.7%€663k▲ 8.1%
Staff (FTE)2▼ 13.0%2=2=1▼ 50.0%0▼ 100%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €692k
Fixed assets
€23k ▼ 20.6%
Current assets
€670k ▲ 6.7%
Equity and liabilities €692k
Equity
€686k ▲ 7.0%
Debt
€6k ▼ 57.8%
Debt's share of the balance-sheet total falls from 2.3% to 0.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72k▼
2024 · €109k
Cash flow
€54k▼
2024 · €80k
Debt to equity
0.01▼
2024 · 0.02
ROE
6.6%▼
2024 · 11.3%
ROA
6.5%▼
2024 · 11.1%
Interest coverage
361.25▼
2024 · 498.98
Debt ≤ 1 year
€6k▼
2024 · €14k
Income taxes
€22k▼
2024 · €35k
Staff costs
€123▼
2024 · €85k
A ratio outside any meaningful range has been withheld (balance sheet total €692k, equity €686k).
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €83 | - | €248 | - | - |
| Remuneration, social security and pensions62 | €119k | €128k | €137k | €85k | €123 | ▼ 99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €2k | €4k | €7k | €8k | ▲ 13.7% |
| Other operating charges640/8 | €6k | €7k | €1k | €899 | €897 | ▼ 0.2% |
| Non-recurring operating charges66A | - | - | - | €97 | - | - |
| Gross operating margin9900 | €175k | €217k | €243k | €195k | €73k | ▼ 62.4% |
| Operating profit (loss)9901 | €36k | €82k | €100k | €102k | €64k | ▼ 37.2% |
| Financial income75/76B | €3k | €4k | €9k | €6k | €3k | ▼ 43.2% |
| Recurring financial income75 | €3k | €4k | €9k | €6k | €3k | ▼ 43.2% |
| Financial charges65/66B | €14k | €736 | €442 | €219 | €201 | ▼ 8.5% |
| Recurring financial charges65 | €14k | €736 | €442 | €219 | €201 | ▼ 8.5% |
| Profit (loss) for the period before taxes9903 | €25k | €85k | €109k | €108k | €67k | ▼ 37.6% |
| Income taxes67/77 | €7k | €27k | €35k | €35k | €22k | ▼ 36.8% |
| Profit (loss) for the period9904 | €18k | €58k | €74k | €73k | €45k | ▼ 38.0% |
| Profit (loss) for the period to be appropriated9905 | €18k | €58k | €74k | €73k | €45k | ▼ 38.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €677k | €533k | €633k | €656k | €692k | ▲ 5.5% |
| Fixed assets21/28 | €210k | €18k | €14k | €28k | €23k | ▼ 20.6% |
| Tangible fixed assets22/27 | €210k | €18k | €14k | €28k | €23k | ▼ 20.6% |
| Land and buildings22 | €207k | - | - | - | - | - |
| Plant, machinery and equipment23 | €3k | €18k | €14k | €9k | €8k | ▼ 14.5% |
| Furniture and vehicles24 | - | - | - | €19k | €14k | ▼ 23.7% |
| Current assets29/58 | €467k | €516k | €620k | €628k | €670k | ▲ 6.7% |
| Stocks and contracts in progress3 | €32k | €72k | €12k | €2k | €500 | ▼ 75.4% |
| Stocks30/36 | €2k | €13k | €2k | €2k | €500 | ▼ 75.4% |
| Contracts in progress37 | €30k | €59k | €10k | - | - | - |
| Amounts receivable within one year40/41 | €71k | €99k | €136k | €7k | €14k | ▲ 121% |
| Trade receivables40 | €47k | €77k | €117k | €7k | €5k | ▼ 16.7% |
| Other amounts receivable41 | €24k | €23k | €19k | €0 | €9k | ▲ 9,985,489% |
| Cash at bank and in hand54/58 | €365k | €344k | €472k | €614k | €654k | ▲ 6.5% |
| Deferred charges and accrued income490/1 | - | €597 | €415 | €5k | €435 | ▼ 90.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €677k | €533k | €633k | €656k | €692k | ▲ 5.5% |
| Equity10/15 | €436k | €494k | €568k | €641k | €686k | ▲ 7.0% |
| Contributions10/11 | €30k | €30k | €30k | €30k | €30k | = |
| Reserves13 | €286k | €344k | €418k | €490k | €535k | ▲ 9.2% |
| Non-distributable reserves130/1 | €3k | €3k | - | - | - | - |
| Reserves not available under the articles1311 | €3k | €3k | - | - | - | - |
| Distributable reserves133 | €283k | €341k | €418k | €490k | €535k | ▲ 9.2% |
| Profit (loss) carried forward14 | €120k | €120k | €120k | €120k | €120k | = |
| Amounts payable17/49 | €241k | €39k | €65k | €15k | €6k | ▼ 57.8% |
| Amounts payable within one year42/48 | €227k | €39k | €65k | €14k | €6k | ▼ 54.0% |
| Trade debts44 | €12k | €19k | €34k | €765 | €4k | ▲ 376% |
| Suppliers440/4 | €12k | €19k | €34k | €765 | €4k | ▲ 376% |
| Taxes, remuneration and social security45 | €16k | €18k | €29k | €13k | €2k | ▼ 82.7% |
| Taxes450/3 | €580 | €7k | €12k | €5k | €205 | ▼ 95.9% |
| Remuneration and social security454/9 | €15k | €10k | €17k | €8k | €2k | ▼ 73.9% |
| Other amounts payable47/48 | €199k | €2k | €2k | €644 | €644 | = |
| Accrued charges and deferred income492/3 | €14k | €1 | - | €1k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €58k | €74k | €73k | €45k | ▼ 38.0% |
| + Depreciation and write-downs630 | €13k | €2k | €4k | €7k | €8k | ▲ 13.7% |
| Operating cash flow (approximation) | €31k | €60k | €78k | €80k | €54k | ▼ 33.2% |
| Investment in fixed assets (approximation) | - | €190k | €1 | €-22k | €-3k | ▲ 88.3% |
| Change in cash | - | €-21k | €128k | €143k | €40k | ▼ 72.2% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity doublescurrent ratio 103.16
Current ratio from 44.43 to 103.16; short-term debt falls from €14k to €6k.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
31-12
Financial
Liquidity times 5current ratio 44.43
Current ratio from 9.50 to 44.43; short-term debt falls from €65k to €14k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €74k ▲26%
Net result €74k, the highest in the series.
31-12
Financial
Equity above €500kEq €568k ▲14.9%
6 profitable years in a row build equity to €568k.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2022
31-12
Financial
Liquidity times 6current ratio 13.25
Current ratio from 2.05 to 13.25; short-term debt falls from €227k to €39k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial
Weakest financial yearnet €18k ▼74%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 56 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 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, Brugge · 1 establishment unit since 1994
Ground area
3,030 m²
Building footprint
1,529 m²
Volume, LiDAR
9,778 m³
Parcel 31810N0561/00V000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NEIRINCK BVBA
since 19942.069.342.273
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31810N0561/00V000 | Flanders | 3,030 m² | 1 · 1,529 m² | 8.4 m · 2 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 22,832 companies in sector 43211 we hold annual accounts for 10,328. 5,711 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
Founded24-11-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
42220Construction of utility projects for electricity and telecommunications
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
Scores and ratios are computed by Checked and are not a credit decision.