NELEN W.
ActiveSummary
NELEN W. has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119,808 and a net result of €3,171. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 83% of 976 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+3
Solvency100▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 3.06 against 1.58 in 2024; short-term debt: 18.9% and cash: 47.5% of total assets), and 18.9% 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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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
81.1%
Return on assets
2.1%
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 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
162 d early
2023
37 d early
2022
42 d early
2021
39 d early
2020
36 d early
2019
39 d early
← 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 61 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
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. Usually files around 19 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#8 oldest company in Essen, Transport and storage sector
Equity
€119,808▲ 1.3%
2024 · €118,304
Total assets
€147,802▼ 9.9%
2024 · €164,129
Net result
€3,171
2024 · -€1,614
Working capital
€57,571▲ 118%
2024 · €26,369
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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€6,889▲ 11.8%€8,215▲ 19.3%€18,174▲ 121%-€964€7,682
Net result€4,315within the sector's middle half▲ 9.8%€5,125within the sector's middle half▲ 18.8%€12,252within the sector's middle half▲ 139%-€1,614within the sector's middle half€3,171within the sector's middle half
Equity€123,983within the sector's middle half▲ 2.2%€127,508within the sector's middle half▲ 2.8%€123,687within the sector's middle half▼ 3.0%€118,304within the sector's middle half▼ 4.4%€119,808within the sector's middle half▲ 1.3%
Total assets€131,691within the sector's middle half▲ 5.4%€137,933within the sector's middle half▲ 4.7%€141,898within the sector's middle half▲ 2.9%€164,129within the sector's middle half▲ 15.7%€147,802within the sector's middle half▼ 9.9%
Debt€7,708▲ 109%€10,426▲ 35.3%€18,211▲ 74.7%€45,826▲ 152%€27,994▼ 38.9%
Working capital€93,406within the sector's middle half▲ 21.6%€87,128within the sector's middle half▼ 6.7%€60,786within the sector's middle half▼ 30.2%€26,369within the sector's middle half▼ 56.6%€57,571within the sector's middle half▲ 118%
Solvency94.1%above the sector's middle half▼ 2.9pp92.4%above the sector's middle half▼ 1.7pp87.2%above the sector's middle half▼ 5.3pp72.1%above the sector's middle half▼ 15.1pp81.1%above the sector's middle half▲ 9.0pp
Current ratio13.12above the sector's middle half▼ 8.709.36above the sector's middle half▼ 3.764.34above the sector's middle half▼ 5.021.58within the sector's middle half▼ 2.763.06within the sector's middle half▲ 1.48
Return on assets (ROA)3.3%within the sector's middle half▲ 0.1pp3.7%within the sector's middle half▲ 0.4pp8.6%within the sector's middle half▲ 4.9pp-1.0%within the sector's middle half▼ 9.6pp2.1%within the sector's middle half▲ 3.1pp
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7,682 after a loss of €964 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147,802
Fixed assets
€62,237 ▼ 32.3%
Current assets
€85,564 ▲ 18.5%
Equity and liabilities €147,802
Equity
€119,808 ▲ 1.3%
Debt
€27,994 ▼ 38.9%
Debt's share of the balance-sheet total falls from 27.9% to 18.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,700▲
2024 · €15,695
Cash flow
€31,188▲
2024 · €15,045
Debt to equity
0.23▼
2024 · 0.39
ROE
2.6%▲
2024 · -1.4%
Interest coverage
17.80▼
2024 · 58.50
Debt ≤ 1 year
€27,994▼
2024 · €45,826
Income taxes
€2,937▲
2024 · €490
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,039 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €413 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,856 | €1,585 | €8,967 | €16,659 | €28,018 | ▲ 68.2% |
| Other operating charges640/8 | €88 | €601 | €611 | €723 | €1,762 | ▲ 144% |
| Gross operating margin9900 | €20,833 | €10,401 | €27,752 | €16,418 | €37,462 | ▲ 128% |
| Operating profit (loss)9901 | €6,889 | €8,215 | €18,174 | -€964 | €7,682 | ▲ 897% |
| Financial income75/76B | €41 | €47 | €242 | €108 | €431 | ▲ 300% |
| Recurring financial income75 | €41 | €47 | €242 | €108 | €431 | ▲ 300% |
| Financial charges65/66B | €280 | €267 | €243 | €268 | €2,006 | ▲ 648% |
| Recurring financial charges65 | €280 | €267 | €243 | €268 | €2,006 | ▲ 648% |
| Profit (loss) for the period before taxes9903 | €6,649 | €7,995 | €18,174 | -€1,125 | €6,107 | ▲ 643% |
| Income taxes67/77 | €2,334 | €2,870 | €5,922 | €490 | €2,937 | ▲ 500% |
| Profit (loss) for the period9904 | €4,315 | €5,125 | €12,252 | -€1,614 | €3,171 | ▲ 296% |
| Profit (loss) for the period to be appropriated9905 | €4,315 | €5,125 | €12,252 | -€1,614 | €3,171 | ▲ 296% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €131,691 | €137,933 | €141,898 | €164,129 | €147,802 | ▼ 9.9% |
| Fixed assets21/28 | €30,577 | €40,380 | €62,901 | €91,935 | €62,237 | ▼ 32.3% |
| Tangible fixed assets22/27 | €28,762 | €38,565 | €61,086 | €90,120 | €62,102 | ▼ 31.1% |
| Land and buildings22 | €10,719 | €20,522 | €16,849 | €18,023 | - | - |
| Plant, machinery and equipment23 | - | - | €1,006 | €6,194 | €4,429 | ▼ 28.5% |
| Furniture and vehicles24 | €18,043 | €18,043 | €43,232 | €65,903 | €44,198 | ▼ 32.9% |
| Other tangible fixed assets26 | - | - | - | - | €13,475 | - |
| Financial fixed assets28 | €1,815 | €1,815 | €1,815 | €1,815 | €135 | ▼ 92.6% |
| Current assets29/58 | €101,114 | €97,553 | €78,997 | €72,194 | €85,564 | ▲ 18.5% |
| Amounts receivable within one year40/41 | €10,461 | €270 | €11,403 | €13,060 | €11,630 | ▼ 10.9% |
| Trade receivables40 | €9,796 | - | €10,635 | €11,017 | €11,630 | ▲ 5.6% |
| Other amounts receivable41 | €666 | €270 | €768 | €2,043 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €90,653 | €96,282 | €66,027 | €57,618 | €70,225 | ▲ 21.9% |
| Deferred charges and accrued income490/1 | - | €1,001 | €1,567 | €1,516 | €3,709 | ▲ 145% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €131,691 | €137,933 | €141,898 | €164,129 | €147,802 | ▼ 9.9% |
| Equity10/15 | €123,983 | €127,508 | €123,687 | €118,304 | €119,808 | ▲ 1.3% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €103,983 | €107,508 | €103,687 | €98,304 | €99,808 | ▲ 1.5% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Distributable reserves133 | €101,983 | €105,508 | €103,687 | €98,304 | €99,808 | ▲ 1.5% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €7,708 | €10,426 | €18,211 | €45,826 | €27,994 | ▼ 38.9% |
| Amounts payable within one year42/48 | €7,708 | €10,426 | €18,211 | €45,826 | €27,994 | ▼ 38.9% |
| Trade debts44 | €4,907 | €1,013 | €1,517 | €3,025 | €597 | ▼ 80.3% |
| Suppliers440/4 | €4,907 | €1,013 | €1,517 | €3,025 | €597 | ▼ 80.3% |
| Taxes, remuneration and social security45 | €1,202 | €7,813 | €4,431 | €5,861 | €6,507 | ▲ 11.0% |
| Taxes450/3 | €1,202 | €5,874 | €3,422 | €4,852 | €5,498 | ▲ 13.3% |
| Remuneration and social security454/9 | - | €1,938 | €1,009 | €1,009 | €1,009 | = |
| Other amounts payable47/48 | €1,600 | €1,600 | €12,263 | €36,940 | €20,890 | ▼ 43.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,315 | €5,125 | €12,252 | -€1,614 | €3,171 | ▲ 296% |
| + Depreciation and write-downs630 | €13,856 | €1,585 | €8,967 | €16,659 | €28,018 | ▲ 68.2% |
| Operating cash flow (approximation) | €18,171 | €6,710 | €21,219 | €15,045 | €31,188 | ▲ 107% |
| Investment in fixed assets (approximation) | - | -€11,388 | -€31,488 | -€45,693 | €1,680 | ▲ 104% |
| Change in cash | - | €5,629 | -€30,255 | -€8,409 | €12,607 | ▲ 250% |
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
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €3,171
Net result €3,171 after one loss-making year.
19-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €12,252 ▲139%
Operating result €18,174, net result €12,252, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3,931
Net result €3,931 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 21.82
Current ratio from 5.93 to 21.82; short-term debt falls from €14,960 to €3,690.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€2,027
Net result drops to -€2,027, the lowest in the series; recovery starts the following year.
Show earlier events
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
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 6 acts read
About the unread acts
We know of 6 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
6 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, Essen · 1 establishment unit since 1992
Ground area
2,701 m²
Building footprint
128 m²
Volume, LiDAR
764 m³
Parcel 11016B1056/00N002, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NELEN W. BVBA
since 19922.058.630.604
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11016B1056/00N002 | Flanders | 2,700 m² | 1 · 128 m² | 9.7 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 3,187 companies in sector 52250 we hold annual accounts for 1,963. 1,398 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
Founded29-06-1992
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447766549
Also
9925:BE0447766549
Registered
30-06-2025
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.