Summary
NEJARI 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 €2.26M and a net result of €530k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 26% of 2399 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
52 d early
2023
1 d early
2022
3 d late
2021
30 d late
2020
26 d late
2019
178 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
Financials · fiscal year 2025, full schema
Equity
€2.26M▲ 30.8%
2024 · €1.72M
Net result
€530k
2024 · €-44k
Total assets
€6.80M▲ 10.5%
2024 · €6.15M
Solvency
33.2%▲ 5.1pp
2024 · 28.0%
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€993k▲ 2,046%€405k▼ 59.2%€-8k€29k€733k▲ 2,388%
Net result€719k▲ 1,794%€361k▼ 49.7%€-5k€-44k▼ 720%€530k
Equity€1.38M▲ 108%€1.74M▲ 26.1%€1.77M▲ 1.4%€1.72M▼ 2.5%€2.26M▲ 30.8%
Total assets€5.25M▲ 21.1%€6.24M▲ 19.0%€6.33M▲ 1.3%€6.15M▼ 2.8%€6.80M▲ 10.5%
Debt€3.44M▼ 2.0%€4.05M▲ 17.6%€4.10M▲ 1.4%€3.98M▼ 3.0%€3.96M▼ 0.4%
Working capital€-1.43M▲ 49.2%€-2.08M▼ 45.1%€-1.99M▲ 4.4%€352k€460k▲ 30.7%
Solvency26.4%▲ 11.0pp27.9%▲ 1.6pp28.0%=28.0%▲ 0.1pp33.2%▲ 5.1pp
Staff (FTE)000
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2,388% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.80M
Fixed assets
€4.68M ▲ 13.9%
Current assets
€2.12M ▲ 3.5%
Equity and liabilities €6.80M
Equity
€2.26M ▲ 30.8%
Provisions
€583k ▲ 29.0%
Debt
€3.96M ▼ 0.4%
Debt's share of the balance-sheet total falls from 64.6% to 58.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
23.5%▲
2024 · -2.6%
ROA
7.8%▲
2024 · -0.7%
Debt ≤ 1 year
€1.66M▼
2024 · €1.69M
Debt > 1 year
€2.30M▲
2024 · €2.28M
Income taxes
€26k▼
2024 · €34k
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 | €1.09M | €663k | €0 | - | €761k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €136k | €314k | €121k | €121k | €92k | ▼ 24.0% |
| Other operating charges640/8 | €8k | €10k | €14k | €13k | €9k | ▼ 34.6% |
| Gross operating margin9900 | €1.14M | €729k | €127k | €164k | €834k | ▲ 409% |
| Operating profit (loss)9901 | €993k | €405k | €-8k | €29k | €733k | ▲ 2,388% |
| Financial income75/76B | €8 | €525 | €1 | €0 | €136 | ▲ 169,888% |
| Recurring financial income75 | €8 | €525 | €1 | €0 | €136 | ▲ 169,888% |
| Financial charges65/66B | €8k | €5k | €35 | €46k | €46k | ▲ 0.8% |
| Recurring financial charges65 | €8k | €5k | €35 | €46k | €46k | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | €985k | €400k | €-8k | €-16k | €687k | ▲ 4,347% |
| Transfer from deferred taxes780 | €6k | €82k | €6k | €6k | €59k | ▲ 920% |
| Transfer to deferred taxes680 | €272k | €112k | €0 | - | €190k | - |
| Income taxes67/77 | - | €9k | €3k | €34k | €26k | ▼ 23.1% |
| Profit (loss) for the period9904 | €719k | €361k | €-5k | €-44k | €530k | ▲ 1,304% |
| Transfer from tax-exempt reserves789 | €14k | €150k | €14k | €14k | €111k | ▲ 707% |
| Transfer to tax-exempt reserves689 | €815k | €336k | €0 | - | €570k | - |
| Profit (loss) for the period to be appropriated9905 | €-83k | €175k | €8k | €-30k | €71k | ▲ 335% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.25M | €6.24M | €6.33M | €6.15M | €6.80M | ▲ 10.5% |
| Fixed assets21/28 | €3.48M | €4.28M | €4.22M | €4.11M | €4.68M | ▲ 13.9% |
| Tangible fixed assets22/27 | €3.46M | €4.28M | €4.21M | €4.10M | €4.68M | ▲ 14.0% |
| Land and buildings22 | €3.38M | €4.17M | €4.11M | €4.01M | €4.62M | ▲ 15.1% |
| Plant, machinery and equipment23 | €17k | €58k | €65k | €58k | €30k | ▼ 47.8% |
| Furniture and vehicles24 | €62k | €46k | €41k | €36k | €31k | ▼ 13.8% |
| Financial fixed assets28 | €17k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €1.77M | €1.96M | €2.11M | €2.05M | €2.12M | ▲ 3.5% |
| Amounts receivable after more than one year29 | - | - | €1.40M | €1.40M | €1.40M | = |
| Other amounts receivable291 | - | - | €1.40M | €1.40M | €1.40M | = |
| Amounts receivable within one year40/41 | €1.53M | €1.95M | €595k | €637k | €680k | ▲ 6.7% |
| Trade receivables40 | - | - | - | - | €196 | - |
| Other amounts receivable41 | €1.53M | €1.95M | €595k | €637k | €679k | ▲ 6.7% |
| Cash at bank and in hand54/58 | €236k | €18k | €116k | €10k | €40k | ▲ 286% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.25M | €6.24M | €6.33M | €6.15M | €6.80M | ▲ 10.5% |
| Equity10/15 | €1.38M | €1.74M | €1.77M | €1.72M | €2.26M | ▲ 30.8% |
| Contributions10/11 | €373k | €373k | €373k | €373k | €373k | = |
| Capital10 | €373k | €373k | €373k | €373k | €373k | = |
| Issued capital100 | €373k | €373k | €373k | €373k | €373k | = |
| Reserves13 | €1.12M | €1.30M | €1.32M | €1.31M | €1.79M | ▲ 37.1% |
| Non-distributable reserves130/1 | €13k | €13k | €13k | €13k | €37k | ▲ 197% |
| Legal reserve130 | €13k | €13k | €13k | €13k | €37k | ▲ 197% |
| Tax-exempt reserves132 | €1.10M | €1.29M | €1.30M | €1.29M | €1.75M | ▲ 35.6% |
| Distributable reserves133 | €4k | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-107k | €68k | €76k | €46k | €93k | ▲ 100% |
| Provisions and deferred taxes16 | €423k | €453k | €457k | €452k | €583k | ▲ 29.0% |
| Deferred taxes168 | €423k | €453k | €457k | €452k | €583k | ▲ 29.0% |
| Amounts payable17/49 | €3.44M | €4.05M | €4.10M | €3.98M | €3.96M | ▼ 0.4% |
| Amounts payable after more than one year17 | €235k | - | - | €2.28M | €2.30M | ▲ 0.8% |
| Financial debts170/4 | €235k | - | - | €2.28M | €2.30M | ▲ 0.8% |
| Amounts payable within one year42/48 | €3.21M | €4.05M | €4.10M | €1.69M | €1.66M | ▼ 2.1% |
| Current portion of amounts payable after more than one year42 | €112k | - | - | - | - | - |
| Trade debts44 | €37k | €26k | €53 | €765 | €0 | ▼ 100% |
| Suppliers440/4 | €37k | €26k | €53 | €765 | €0 | ▼ 100% |
| Advances received on contracts in progress46 | €145k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €17k | €38k | €19k | €7k | €32k | ▲ 347% |
| Taxes450/3 | €17k | €38k | €19k | €7k | €32k | ▲ 347% |
| Other amounts payable47/48 | €2.89M | €3.98M | €4.08M | €1.69M | €1.63M | ▼ 3.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €719k | €361k | €-5k | €-44k | €530k | ▲ 1,304% |
| + Depreciation and write-downs630 | €136k | €314k | €121k | €121k | €92k | ▼ 24.0% |
| Operating cash flow (approximation) | €855k | €675k | €115k | €77k | €623k | ▲ 706% |
| Investment in fixed assets (approximation) | - | €-1.12M | €-58k | €-11k | €-665k | ▼ 5,989% |
| Change in cash | - | €-218k | €98k | €-106k | €29k | ▲ 128% |
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
26-08
State Gazette act
Reappointment: Maarten-Jan Van Nieuwenhove (sole director)Mandate compensation3 facts ▸
State Gazette act
Reappointment: Maarten-Jan Van Nieuwenhove (sole director)
Mandate compensation3 facts ▸
- General meeting, 30-06-2026
- Director reappointment, Maarten-Jan Van Nieuwenhove (sole director)
- Mandate compensation, Maarten-Jan Van Nieuwenhove
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €530k
Net result €530k after 2 loss-making years.
31-12
Financial
Equity above €2MEq €2.26M ▲30.8%
Equity rises from €1.72M to €2.26M.
09-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.21
Current ratio from 0.51 to 1.21; short-term debt falls from €4.10M to €1.69M.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €719k ▲1,794%
Operating result €993k, net result €719k, both a record.
31-12
Financial
Equity above €1MEq €1.38M ▲108%
4 profitable years in a row build equity to €1.38M.
Show earlier events
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
25-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 178 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Maarten-Jan Van Nieuwenhove
CurrentSole director · since 30-06-2026
30-06-2026
Mandate renewed as Sole director
Not every act has been read: a resignation may be missing here
11 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Geraardsbergen · 1 establishment unit since 1988
Ground area
6,878 m²
Building footprint
1,670 m²
Volume, LiDAR
19,096 m³
Parcel 41053A0508/00Y000, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Leopoldlaan(Oph) 82, 9500 Geraardsbergen
since 19882.229.322.492
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41053A0508/00Y000 | Flanders | 6,878 m² | 1 · 1,670 m² | 15.0 m · 4 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.
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
via Maarten-Jan Van Nieuwenhove · Director
→
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 10,556 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
Founded25-01-1988
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.