NEL & CO
ActiveNEL & CO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €334k and a net result of €101k. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 36% of 1608 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
61
/ 100
Healthy▲ +10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency36▲+23
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity short (current ratio 0.72 against 0.44 in 2024), and 72.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
27.5%
Return on assets
8.3%
Age of the figures
8 mo
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
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
30 d late
2022
4 d early
2021
32 d early
2020
18 d late
2019
31 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€101k▲ 6.1%
2024 · €95k
2018: €-25k
2019: €65k
2020: €5k
2021: €-14k
2022: €51k
2023: €69k
2024: €95k
2018 → 2025
Working capital
€-61k▲ 49.7%
2024 · €-122k
2018: €-111k
2019: €-70k
2020: €-99k
2021: €-127k
2022: €-215k
2023: €-196k
2024: €-122k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€119k-€69k▼ 41.7%€138k▲ 99.7%€233k▲ 69.0%€334k▲ 43.3%
Operating result€9k-€57k▲ 503%€89k▲ 56.3%€144k▲ 61.4%€236k▲ 63.9%
Net result€-14k-€51k€69k▲ 36.4%€95k▲ 38.1%€101k▲ 6.1%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 64% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.21M
Fixed assets
€1.06M▼ 1.8%
Current assets
€158k▲ 67.9%
Equity and liabilities €1.21M
Equity
€334k▲ 43.3%
Debt
€880k▼ 6.0%
The debt ratio falls from 80.1% to 72.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€283k▲
2024 · €191k
Cash flow
€147k▲
2024 · €142k
Solvency
27.5%▲
2024 · 19.9%
Current ratio
0.72▲
2024 · 0.44
Quick ratio
0.72▲
2024 · 0.44
Debt / equity
2.63▼
2024 · 4.01
ROE
30.2%▼
2024 · 40.8%
ROA
8.3%▲
2024 · 8.1%
Interest coverage
2.67▼
2024 · 10.64
Debt
€880k▼
2024 · €936k
Debt ≤ 1 year
€219k▲
2024 · €216k
Debt > 1 year
€634k▼
2024 · €705k
Income taxes
€29k▼
2024 · €31k
Staff costs
€4k▲
2024 · €3k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.17M€1.21M▲
Fixed assets21/28€1.08M€1.06M▼
Tangible fixed assets22/27€668k€649k▼
Land and buildings22€646k€631k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€20k€12k▼
Other tangible fixed assets26-€4k
Financial fixed assets28€407k€407k=
Current assets29/58€94k€158k▲
Amounts receivable within one year40/41€23k€89k▲
Trade receivables40€23k€74k▲
Other amounts receivable41-€16k
Cash at bank and in hand54/58€59k€46k▼
Deferred charges and accrued income490/1€12k€23k▲
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.21M▲
Equity10/15€233k€334k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€213k€314k▲
Amounts payable17/49€936k€880k▼
Amounts payable after more than one year17€705k€634k▼
Financial debts170/4€705k€634k▼
Amounts payable within one year42/48€216k€219k▲
Current portion of amounts payable after more than one year42€69k€70k▲
Trade debts44€5k€8k▲
Suppliers440/4€5k€8k▲
Taxes, remuneration and social security45€36k€25k▼
Taxes450/3€36k€25k▼
Other amounts payable47/48€106k€116k▲
Accrued charges and deferred income492/3€16k€27k▲
Income statement
Code20242025
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€3k€4k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€46k▼
Other operating charges640/8€12k€11k▼
Gross operating margin9900€205k€298k▲
Operating profit (loss)9901€144k€236k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€18k€106k▲
Recurring financial charges65€18k€106k▲
Profit (loss) for the period before taxes9903€126k€130k▲
Income taxes67/77€31k€29k▼
Profit (loss) for the period9904€95k€101k▲
Profit (loss) for the period to be appropriated9905€95k€101k▲
Appropriation of the result
Profit (loss) to be appropriated9906€213k€314k▲
Profit (loss) brought forward from the previous period14P€118k€213k▲
Social balance
Average headcount (FTE)90870.00.1▲
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €101k ▲6.1%
Operating result €236k, net result €101k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €200kEq €233k ▲69%
3 profitable years in a row build equity to €233k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Equity above €100kEq €138k ▲99.7%
2 profitable years in a row build equity to €138k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 18 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Back to profitnet €65k
Net result €65k after one loss-making year.
31-12
Financial
Equity above €100kEq €115k ▲130%
Equity rises from €50k to €115k.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brussel · 2 establishment units since 2015
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.
Kiekenmarkt 471000 BrusselGround area
4,263 m²
Building footprint
526 m²
Volume, LiDAR
3,542 m³
2 parcels, Brussels, Wallonia · tallest building 21.4 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
NEL & CO
since 20152.239.112.465
NEL & CO
since 20222.341.658.093
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037D0054/00R000 | Wallonia | 4,188 m² | 1 · 411 m² | 7.2 m · 2 fl. |
| 21004A0282/00C000 | Brussels | 75 m² | 1 · 115 m² | 21.4 m · 4 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900XXTY0JT7L4L375
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Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 37,377 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-01-2015
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:laetitia.wolters@nelandco.be