Equity
Equity fell by 99% in 1 year.
Equity fell by 99% in 1 year.
The micro format states no turnover.
Of this, €131,198 falls due within a year.
The last four annual accounts were filed 35 to 51 days before the end of the period.
Less equity than 90% of companies in financial services. Sector median €124,057 · 9,778 companies.
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 44 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| NELNO Kortrijk | €202,313 | €128,161 | 0.2% | - |
| AQUAFISTON Waregem | €210,275 | €137,574 | 46.3% | - |
| XAPACO Bruges | €169,340 | €133,802 | 60.2% | - |
| Amva Works Middelkerke | €211,613 | €108,492 | 38.9% | - |
| DERIPA Waregem | €244,990 | €141,487 | 93.2% | - |
| Ylonsun Invest Nieuwpoort | €242,268 | €112,906 | 43.8% | - |
| JoB.Bio.com Beernem | €171,629 | €121,069 | 63.0% | - |
These companies have the same main activity as NELNO: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €169,000 and €245,000, founded between 2021 and 2022.
NELNO files the micro format. That format states no turnover. The gross margin rose from €94,994 in 2022 to €128,161 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Higher than 9% of 9,771 companies in 2025.
Higher than 86% of 9,625 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
202,313 | 250,512 | 166,481 | 106,777 | |
21/28 |
39,641 | 52,199 | 66,034 | 15,504 | |
22/27 |
39,641 | 52,199 | 66,034 | 15,504 | |
22 |
1,216 | 1,416 | 1,616 | 1,816 | |
24 |
38,425 | 50,783 | 64,418 | 13,687 | |
29/58 |
162,671 | 198,313 | 100,447 | 91,273 | |
40/41 |
95,387 | 91,504 | 586 | 18,288 | |
40 |
1,210 | - | 0 | 17,545 | |
41 |
94,177 | 91,504 | 586 | 743 | |
54/58 |
64,438 | 105,149 | 98,409 | 71,455 | |
490/1 |
2,846 | 1,661 | 1,452 | 1,531 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
202,313 | 250,512 | 166,481 | 106,777 | |
10/15 |
500 | 50,092 | 40,843 | 36,939 | |
10/11 |
500 | 500 | 500 | 500 | |
13 |
0 | 49,592 | 40,343 | 36,439 | |
133 |
0 | 49,592 | 40,343 | 36,439 | |
14 |
0 | 0 | 0 | 0 | |
17/49 |
201,813 | 200,420 | 125,639 | 69,838 | |
17 |
70,485 | 82,963 | 49,911 | - | |
170/4 |
70,485 | 82,963 | 49,911 | - | |
42/48 |
131,198 | 117,456 | 75,727 | 69,838 | |
42 |
12,478 | 11,948 | 11,440 | - | |
44 |
2,469 | 5,314 | 9,470 | 2,480 | |
440/4 |
2,469 | 5,314 | 9,470 | 2,480 | |
45 |
36,723 | 50,195 | 19,103 | 31,358 | |
450/3 |
36,723 | 50,195 | 19,103 | 28,364 | |
454/9 |
- | - | 0 | 2,994 | |
47/48 |
79,528 | 50,000 | 35,714 | 36,000 | |
492/3 |
129 | - | - | - | |
| Income statement | |||||
9900 |
128,161 | 132,909 | 56,497 | 94,994 | |
630 |
13,905 | 13,835 | 2,812 | 2,982 | |
640/8 |
6,319 | 777 | 1,080 | 78 | |
66A |
- | 0 | 1,140 | - | |
9901 |
107,937 | 118,297 | 51,465 | 91,933 | |
75/76B |
2,590 | 179 | 33 | - | |
75 |
2,590 | 179 | 33 | - | |
65/66B |
3,502 | 2,670 | 432 | 63 | |
65 |
3,502 | 2,670 | 432 | 63 | |
9903 |
107,025 | 115,806 | 51,065 | 91,870 | |
67/77 |
23,134 | 25,306 | 11,448 | 19,430 | |
9904 |
83,892 | 90,500 | 39,618 | 72,439 | |
9905 |
83,892 | 90,500 | 39,618 | 72,439 | |
| Appropriation of the result | |||||
9906 |
83,892 | 90,500 | 39,618 | 72,439 | |
791/2 |
49,592 | - | - | - | |
691/2 |
0 | 9,250 | 3,903 | 36,439 | |
6921 |
0 | 9,250 | 3,903 | 36,439 | |
694/7 |
133,484 | 81,250 | 35,714 | 36,000 | |
694 |
133,484 | 81,250 | 35,714 | 36,000 | |
| Document | |||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 10-06-2026.
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €3,147 | €3,147 |
| 2024 | 1 | €0 | €1,942 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 1,347 | 0 | 62,283 | 18,486 | ||
| -40,711 | 6,740 | 26,954 | - | ||
| 0.2% | 20.0% | 24.5% | 34.6% | ||
| - | 180.7% | 97.0% | 196.1% | ||
| 41.5% | 36.1% | 23.8% | 67.8% |
The equity ratios are withheld because equity of €500 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,347 | - | €62,283 | €18,486 |
| €13,905 | €13,835 | €2,812 | €2,982 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 9% lower than in 2024.
Debt's share of the balance-sheet total rises from 80.0% to 99.8%. Equity is lower and debt is higher.
NELNO has no parent and no holdings in its annual accounts. SPRIET,Sofie Thérèse Pol is the only director.
| TOGBAT via SPRIET,Sofie Thérèse Pol, no longer at TOGBAT · Director · deed of 16-06-2020 No longer active · founded in 2020 |
total assets €9,941 (2025) |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
NELNO was incorporated on 24 January 2022 as a private limited company by one natural person, with a starting capital of €500.12 Since 2022, SPRIET,Sofie Thérèse Pol has served as director.3 Total assets rose from €106,777 in 2022 to €202,313 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Min. Vanden Peereboomlaan 57 registered office 8500 Kortrijk | 24-01-2022 | 2.326.758.794 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34022E0547/00G012 | 969 m² | 1 · 121 m² | 14.0 m · 3 |
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