NELLES FRERES
ActiveSummary
NELLES FRERES has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.0m and a net result of €1.4m. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 304 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
What they do
Construction of roads and motorways
NACE 42110NACE 45230
#1 company by total assets in Malmedy, Construction sector4 sites
How big
€40.1mturnover 2025
- Staff
- 180.5 FTE
- Equity
- €8.0m
- Profit
- €1.4m
Who decides
- Parent
- FINEL · 51.02%
- Holdings
- 6
Accounts 21 d early0 of 12 deeds read
Why 58- Multiple establishment units- Higher-failure-rate sector- Higher-failure-rate region- Weak solvency vs sector+ Long track record+ Annual accounts: healthy financial profile+ Lower-risk legal formLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-1
Solvency45▲+1
Growth70▼-1
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €460,000 at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.99 in 2024; short-term debt: 56.9% and cash: 3% of total assets), and 79.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
20.1%
Return on assets
3.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 304 sector peers (2025).
NBB · sector comparisonPosition among 304 sector peers
Solvency
better than 22%
← weakest
strongest →
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
22 d early
2023
17 d late
2022
25 d late
2021
17 d late
2020
26 d late
2019
27 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 10 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% 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 17 August (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Real estate · Other statementShare issue · Capital contribution
- Annual accounts filedfiscal year 2024 · full…
Financials
Fiscal year 2025Turnover €40.1mProfit €1.4mSolvency 20.1%Liquidity 0.96
Turnover
€40.1m▼ 1.2%
2018 - 2025
Net result
€1.4m▼ 17.4%
2018 - 2025
Equity
€8.0m▲ 21.6%
2018 - 2025
Staff (FTE)
180.5▲ 4.6%
2018 - 2025
Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Malmedy, Construction sector#1 company by equity in Malmedy, Construction sector#3 employer in Malmedy
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€26.1m▲ 17.2%€30.3m▲ 16.1%€36.1m▲ 19.2%€40.6m▲ 12.3%€40.1m▼ 1.2%
Operating result€0.2m▲ 2.3%€1.2m▲ 420%€1.9m▲ 49.4%€2.7m▲ 45.3%€2.7m▲ 1.0%
Net result-€0.03mbelow the sector's middle half▼ 87.7%€0.6mwithin the sector's middle half€1.5mabove the sector's middle half▲ 136%€1.7mabove the sector's middle half▲ 17.1%€1.4mabove the sector's middle half▼ 17.4%
EBIT margin0.9%▼ 0.1pp4.1%▲ 3.2pp5.1%▲ 1.0pp6.7%▲ 1.5pp6.8%▲ 0.1pp
Equity€2.8mwithin the sector's middle half▼ 1.0%€3.4mwithin the sector's middle half▲ 22.4%€4.9mwithin the sector's middle half▲ 43.3%€6.6mwithin the sector's middle half▲ 35.5%€8.0mabove the sector's middle half▲ 21.6%
Total assets€24.6mabove the sector's middle half▲ 3.4%€26.1mabove the sector's middle half▲ 6.2%€27.7mabove the sector's middle half▲ 6.1%€33.9mabove the sector's middle half▲ 22.4%€39.9mabove the sector's middle half▲ 17.7%
Debt€21.8m▲ 4.0%€22.6m▲ 3.7%€22.8m▲ 0.6%€27.3m▲ 19.8%€31.8m▲ 16.8%
Working capital-€2.4mbelow the sector's middle half▼ 112%-€3.2mbelow the sector's middle half▼ 33.3%-€1.4mbelow the sector's middle half▲ 56.2%-€0.2mbelow the sector's middle half▲ 87.0%-€1.0mbelow the sector's middle half▼ 433%
Solvency11.3%below the sector's middle half▼ 0.5pp13.0%below the sector's middle half▲ 1.7pp17.6%below the sector's middle half▲ 4.6pp19.4%below the sector's middle half▲ 1.9pp20.1%below the sector's middle half▲ 0.7pp
Current ratio0.86below the sector's middle half▼ 0.070.81below the sector's middle half▼ 0.040.91below the sector's middle half▲ 0.100.99below the sector's middle half▲ 0.080.96below the sector's middle half▼ 0.03
Return on assets (ROA)-0.1%below the sector's middle half=2.4%within the sector's middle half▲ 2.5pp5.3%within the sector's middle half▲ 2.9pp5.1%within the sector's middle half▼ 0.2pp3.6%within the sector's middle half▼ 1.5pp
Staff (FTE)167.4above the sector's middle half▲ 2.0%177.6above the sector's middle half▲ 6.1%179.6above the sector's middle half▲ 1.1%172.5above the sector's middle half▼ 4.0%180.5above the sector's middle half▲ 4.6%
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39.9m
Fixed assets
€18.2m ▲ 26.4%
Current assets
€21.7m ▲ 11.2%
Equity and liabilities €39.9m
Equity
€8.0m ▲ 21.6%
Provisions
€75,556 ▼ 9.8%
Debt
€31.8m ▲ 16.8%
Debt's share of the balance-sheet total falls from 80.3% to 79.7%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€4.6m▼
2024 · €4.8m
Cash flow
€3.3m▼
2024 · €3.8m
Quick ratio
0.93▼
2024 · 0.96
Debt to equity
3.97▼
2024 · 4.14
ROE
17.8%▼
2024 · 26.2%
Interest coverage
6.66▼
2024 · 7.62
Debt ≤ 1 year
€22.7m▲
2024 · €19.7m
Debt > 1 year
€9.1m▲
2024 · €7.5m
Income taxes
€632,634▲
2024 · €588,731
Staff costs
€13.0m▲
2024 · €11.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 733 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,341 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% | 1.8% |
| 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 733 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €27.0m | €32.0m | €37.2m | €41.4m | €41.4m | ▲ 0.2% |
| Turnover70 | €26.1m | €30.3m | €36.1m | €40.6m | €40.1m | ▼ 1.2% |
| Own construction capitalised72 | - | €0.4m | - | - | - | - |
| Other operating income74 | €0.9m | €1.3m | €1.1m | €0.8m | €1.3m | ▲ 72.4% |
| Non-recurring operating income76A | €0.006m | €0.001m | - | €0.009m | €0.004m | ▼ 55.0% |
| Operating charges60/66A | €26.8m | €30.8m | €35.3m | €38.7m | €38.7m | ▲ 0.1% |
| Goods for resale, raw materials and consumables60 | €11.8m | €13.3m | €16.6m | €18.5m | €17.2m | ▼ 7.1% |
| Purchases600/8 | €11.7m | €13.4m | €16.4m | €18.4m | €17.3m | ▼ 6.3% |
| Change in stocks: decrease (increase)609 | €0.08m | -€0.05m | €0.2m | €0.06m | -€0.1m | ▼ 271% |
| Services and other goods61 | €4.1m | €5.1m | €5.2m | €5.9m | €6.4m | ▲ 8.6% |
| Remuneration, social security and pensions62 | €9.1m | €10.2m | €11.4m | €11.7m | €13.0m | ▲ 10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.6m | €1.8m | €1.9m | €2.1m | €1.9m | ▼ 7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0.02m | -€0.08m | €0.1m | -€0.001m | ▼ 101% |
| Other operating charges640/8 | €0.1m | €0.2m | €0.3m | €0.2m | €0.2m | ▲ 1.2% |
| Non-recurring operating charges66A | €0.05m | €0.1m | €0.04m | €0.2m | €0.1m | ▼ 37.7% |
| Operating profit (loss)9901 | €0.2m | €1.2m | €1.9m | €2.7m | €2.7m | ▲ 1.0% |
| Financial income75/76B | €0.02m | €0.02m | €0.6m | €0.3m | €0.1m | ▼ 63.3% |
| Recurring financial income75 | €0.02m | €0.02m | €0.5m | €0.1m | €0.1m | ▼ 17.9% |
| Income from financial fixed assets750 | €0.003m | - | €0.5m | €0.1m | €0.07m | ▼ 45.8% |
| Other financial income752/9 | €0.02m | €0.02m | €0.04m | €0.006m | €0.04m | ▲ 590% |
| Non-recurring financial income76B | - | - | €0.1m | €0.2m | - | - |
| Financial charges65/66B | €0.3m | €0.4m | €0.6m | €0.7m | €0.8m | ▲ 15.9% |
| Recurring financial charges65 | €0.3m | €0.4m | €0.6m | €0.7m | €0.8m | ▲ 15.9% |
| Debt charges650 | €0.2m | €0.3m | €0.5m | €0.6m | €0.7m | ▲ 11.3% |
| Other financial charges652/9 | €0.05m | €0.07m | €0.08m | €0.05m | €0.08m | ▲ 78.7% |
| Profit (loss) for the period before taxes9903 | €0.001m | €0.9m | €1.9m | €2.3m | €2.1m | ▼ 11.2% |
| Transfer from deferred taxes780 | - | - | €0.006m | €0.006m | €0.008m | ▲ 30.6% |
| Transfer to deferred taxes680 | - | €0.1m | - | - | - | - |
| Income taxes67/77 | €0.03m | €0.2m | €0.4m | €0.6m | €0.6m | ▲ 7.5% |
| Taxes670/3 | €0.03m | €0.2m | €0.4m | €0.6m | €0.6m | ▲ 7.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.002m | €0.001m | ▼ 58.7% |
| Profit (loss) for the period9904 | -€0.03m | €0.6m | €1.5m | €1.7m | €1.4m | ▼ 17.4% |
| Transfer from tax-exempt reserves789 | - | - | €0.02m | €0.02m | €0.02m | ▲ 30.6% |
| Transfer to tax-exempt reserves689 | - | €0.3m | - | €0.9m | €0.8m | ▼ 4.8% |
| Profit (loss) for the period to be appropriated9905 | -€0.03m | €0.3m | €1.5m | €0.9m | €0.6m | ▼ 29.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24.6m | €26.1m | €27.7m | €33.9m | €39.9m | ▲ 17.7% |
| Fixed assets21/28 | €10.3m | €12.3m | €13.0m | €14.4m | €18.2m | ▲ 26.4% |
| Intangible fixed assets21 | - | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €6.6m | €7.1m | €7.8m | €8.4m | €9.1m | ▲ 9.1% |
| Land and buildings22 | €1.4m | €1.3m | €1.4m | €2.4m | €2.4m | ▲ 1.0% |
| Plant, machinery and equipment23 | €0.2m | €0.2m | €0.2m | €0.2m | €0.4m | ▲ 64.2% |
| Furniture and vehicles24 | €0.4m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 26.4% |
| Leasing and similar rights25 | €4.6m | €4.8m | €5.0m | €5.4m | €5.8m | ▲ 7.6% |
| Other tangible fixed assets26 | - | - | €0.6m | - | - | - |
| Assets under construction and advance payments27 | €0.03m | €0.5m | €0.2m | - | €0.08m | - |
| Financial fixed assets28 | €3.7m | €5.1m | €5.2m | €6.0m | €9.1m | ▲ 50.4% |
| Affiliated companies280/1 | €3.2m | €4.7m | €4.7m | €5.5m | €8.5m | ▲ 53.6% |
| Participating interests280 | €2.4m | €3.9m | €3.9m | €4.9m | €7.9m | ▲ 60.0% |
| Amounts receivable281 | €0.8m | €0.8m | €0.8m | €0.6m | €0.6m | = |
| Companies linked by participating interests282/3 | €0.08m | €0.08m | €0.08m | - | - | - |
| Participating interests282 | €0.08m | €0.08m | €0.08m | - | - | - |
| Other financial fixed assets284/8 | €0.4m | €0.4m | €0.4m | €0.5m | €0.6m | ▲ 16.7% |
| Shares284 | - | - | - | €0.07m | €0.07m | = |
| Amounts receivable and cash guarantees285/8 | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | ▲ 19.1% |
| Current assets29/58 | €14.3m | €13.9m | €14.8m | €19.5m | €21.7m | ▲ 11.2% |
| Stocks and contracts in progress3 | €0.7m | €0.8m | €0.6m | €0.6m | €0.7m | ▲ 17.5% |
| Stocks30/36 | €0.7m | €0.8m | €0.6m | €0.6m | €0.7m | ▲ 17.5% |
| Raw materials and consumables30/31 | €0.2m | €0.3m | €0.3m | €0.2m | €0.3m | ▲ 47.0% |
| Property held for sale35 | €0.6m | €0.5m | €0.4m | €0.4m | €0.4m | = |
| Amounts receivable within one year40/41 | €12.4m | €12.2m | €12.9m | €17.1m | €19.8m | ▲ 16.4% |
| Trade receivables40 | €11.6m | €11.5m | €11.5m | €14.7m | €16.9m | ▲ 14.7% |
| Other amounts receivable41 | €0.8m | €0.8m | €1.4m | €2.3m | €3.0m | ▲ 27.2% |
| Cash at bank and in hand54/58 | €1.1m | €0.8m | €1.3m | €1.9m | €1.2m | ▼ 37.9% |
| Deferred charges and accrued income490/1 | €0.07m | €0.01m | €0.004m | €0.01m | €0.03m | ▲ 211% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24.6m | €26.1m | €27.7m | €33.9m | €39.9m | ▲ 17.7% |
| Equity10/15 | €2.8m | €3.4m | €4.9m | €6.6m | €8.0m | ▲ 21.6% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €2.5m | €2.8m | €4.3m | €6.2m | €7.8m | ▲ 26.2% |
| Non-distributable reserves130/1 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | €0.06m | €0.3m | €0.3m | €1.2m | €2.0m | ▲ 68.6% |
| Distributable reserves133 | €2.5m | €2.5m | €4.0m | €5.0m | €5.8m | ▲ 16.1% |
| Profit (loss) carried forward14 | €0.001m | €0.3m | €0.3m | €0.2m | €0.003m | ▼ 98.7% |
| Investment grants15 | €0.005m | €0.003m | €0 | - | - | - |
| Provisions and deferred taxes16 | - | €0.1m | €0.09m | €0.08m | €0.08m | ▼ 9.8% |
| Deferred taxes168 | - | €0.1m | €0.09m | €0.08m | €0.08m | ▼ 9.8% |
| Amounts payable17/49 | €21.8m | €22.6m | €22.8m | €27.3m | €31.8m | ▲ 16.8% |
| Amounts payable after more than one year17 | €5.1m | €5.5m | €6.5m | €7.5m | €9.1m | ▲ 21.4% |
| Financial debts170/4 | €4.9m | €5.2m | €6.2m | €7.3m | €8.9m | ▲ 21.8% |
| Subordinated loans170 | €0.3m | €0.3m | €0.5m | €0.5m | €0.5m | ▼ 3.4% |
| Leasing and similar obligations172 | €3.9m | €3.8m | €4.0m | €4.3m | €4.6m | ▲ 7.2% |
| Credit institutions173 | €0.8m | €1.1m | €1.7m | €2.6m | €3.9m | ▲ 50.2% |
| Other amounts payable178/9 | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | = |
| Amounts payable within one year42/48 | €16.7m | €17.1m | €16.2m | €19.7m | €22.7m | ▲ 15.1% |
| Current portion of amounts payable after more than one year42 | €1.5m | €1.6m | €1.7m | €1.8m | €2.3m | ▲ 23.8% |
| Financial debts43 | €7.1m | €9.9m | €7.9m | €9.6m | €11.8m | ▲ 22.7% |
| Credit institutions430/8 | €7.1m | €9.9m | €7.9m | €9.6m | €11.8m | ▲ 22.7% |
| Trade debts44 | €7.2m | €4.0m | €5.3m | €6.9m | €7.4m | ▲ 7.6% |
| Suppliers440/4 | €7.2m | €4.0m | €5.3m | €6.9m | €7.4m | ▲ 7.6% |
| Taxes, remuneration and social security45 | €0.8m | €1.1m | €1.1m | €1.3m | €1.2m | ▼ 12.0% |
| Taxes450/3 | €0.2m | €0.3m | €0.2m | €0.3m | €0.2m | ▼ 35.9% |
| Remuneration and social security454/9 | €0.6m | €0.8m | €1.0m | €1.0m | €1.0m | ▼ 3.9% |
| Other amounts payable47/48 | €0.02m | €0.3m | €0.1m | €0.05m | €0.06m | ▲ 19.3% |
| Accrued charges and deferred income492/3 | €0.01m | €0.03m | €0.05m | €0.05m | €0.04m | ▼ 16.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.03m | €0.6m | €1.5m | €1.7m | €1.4m | ▼ 17.4% |
| + Depreciation and write-downs630 | €1.6m | €1.8m | €1.9m | €2.1m | €1.9m | ▼ 7.5% |
| Operating cash flow (approximation) | €1.6m | €2.5m | €3.4m | €3.8m | €3.3m | ▼ 12.0% |
| Investment in fixed assets (approximation) | - | -€3.8m | -€2.6m | -€3.5m | -€5.7m | ▼ 62.6% |
| Change in cash | - | -€0.2m | €0.4m | €0.6m | -€0.7m | ▼ 212% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
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Of 2,325 companies in this sector we hold annual accounts for 1,096. 320 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
Parent FINEL · 51.02%6 holdings
Directors
Directors
No directors read yet: 0 of 12 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
1 owner · 6 holdingsChain of control
- FINEL
- NELLES FRERES
Highest known parent: FINEL. The sources do not say who stands above it.
Owners 1
- FINELparentSourceaccounts FINEL 202551.02%
Holdings 6
- BETON NELLES RECYCLAGEsubsidiaryEquity €964,596Result -€168,050100%
-
100%
- NELLES TRANSPORTSsubsidiaryEquity €1.8mResult €24,269100%
-
69%
- Equity €199,847Result €13950%
-
50%
According to the 2025 annual accounts of NELLES FRERES 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 directors read yet: 0 of 12 Gazette acts processed.
Timeline
15 eventsLatest 10-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
07-07
State Gazette act
Real estate · Other statement
Share issue · Capital contribution
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.7m ▲17.1%
Net result €1.7m, the highest in the series.
31-12
Financial
Equity above €5mEq €6.6m ▲35.5%
3 profitable years in a row build equity to €6.6m.
17-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 17 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 25 days late
2022
31-12
Financial
Back to profitnet €624,982
Net result €624,982 after 2 loss-making years.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
31-12
Financial
Weakest financial yearnet -€25,527
Net result drops to -€25,527, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
Show earlier events
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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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Support & recognitions
2 registers with recognitionsLEI issued
Registered contractor
32
categories
LEI
active
549300KX6DXB3771NY98
Recognitions · licences · registrations
Recognised contractor
32 categoriesNELLES FRERES SAapproval no. 06626
Legal Entity Identifier
549300KX6DXB3771NY98
Company details
Public limited company · founded 25-06-1988Year ends 31-12Peppol reachable4 sites
Register details
Identification
Legal formPublic limited company
Founded25-06-1988
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
08111Other mining and quarrying
41001General construction of residential buildings
42919Civil engineering
43110Demolition
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434648486
Also
9925:BE0434648486
Registered
07-11-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Malmedy · 4 establishment units since 1988
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.
Xhoffraix-Au-dessus des Trous 44960 MalmedyGround area
376 m²
Building footprint
56 m²
Parcel 82032E0707/00V000, Wallonia. Linked by address, not a title deed.
4 establishment units
Xhoffraix-Au-dessus des Trous 4, 4960 Malmedy
since 1988unit no. 2.039.188.141
Bévercé-Route de la Vallée sn, 4960 Malmedy
since 2008unit no. 2.291.019.343
Cahay sn, 6690 Vielsalm
since 2008unit no. 2.291.863.243
Rue de l'Arbre St-Michel 95, 4400 Flémalle
since 2018unit no. 2.291.024.192
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82032E0707/00V000 | Wallonia | 376 m² | 1 · 56 m² | - |
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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check
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