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NELLES FRERES

Active
Public limited companyfounded 198838 yrs activeXhoffraix-Au-dessus des Trous 4, 4960 Malmedy, BelgiumKBO/BCE: BE 0434.648.486
Summary

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).

Risk analysisWatch ReportCompare
NELLES FRERESActiveChecked score 58/100
Risk analysis ReportCompare

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
Financially healthy?
58 Fair Checked score 2025
Bankruptcy chance 12 m
0.6%
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
58 / 100
Fair
Every signal that weighs is under Signals.
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
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 38 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, 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 →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 comparison
Position 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 filings
Deviation 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 months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Real estate · Other statementShare issue · Capital contribution
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Positive: Company by total assets in Malmedy, Construction sectorin the Checked rankings #1 View
  • Controlled by FINELitself parent of 4 companies 51.02% View
  • Active since 1988founded 25-06-1988 38 years View

By topic

Financials

Fiscal year
2025
Turnover
€40.1m
Profit
€1.4m
Solvency
20.1%
Turnover▼ 1.2%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 10-07-2026Annual accounts filed
  2. 07-07-2026Real estate · Other statement
  3. 09-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
4
Legal form
Public limited company
Activity
Construction of roads and motorwaysNACE 42110
Founded
25-06-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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