NELS TECHNIC
ActiveSummary
The computed 12-month bankruptcy probability of NELS TECHNIC is 2.8% (moderate). The 2025 annual accounts show equity of €12,830 and a net result of -€8,776. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 41% of 1323 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-87
Solvency63▼-1
Growth52=
Track record82
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.28 against 1.62 in 2024; short-term debt: 43.9% and cash: 23% of total assets), and 62.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.6%
Return on assets
-25.7%
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 17-07-2026, 14 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
14 d early
2024
24 d early
2023
54 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€12,830▼ 40.6%
2024 · €21,605
Total assets
€34,149▼ 37.9%
2024 · €54,962
Net result
-€8,776
2024 · €9,950
Working capital
€4,242▼ 65.3%
2024 · €12,232
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€14,281-€14,556▲ 1.9%-€7,541
Net result€10,322-€9,950▼ 3.6%-€8,776
Equity€12,489-€21,605▲ 73.0%€12,830▼ 40.6%
Total assets€31,210-€54,962▲ 76.1%€34,149▼ 37.9%
Debt€18,722-€33,357▲ 78.2%€21,320▼ 36.1%
Working capital€2,863-€12,232▲ 327%€4,242▼ 65.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7,541 after €14,556 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34,149
Fixed assets
€14,903 ▼ 35.1%
Current assets
€19,247 ▼ 39.9%
Equity and liabilities €34,149
Equity
€12,830 ▼ 40.6%
Debt
€21,320 ▼ 36.1%
Debt's share of the balance-sheet total rises from 60.7% to 62.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€505▼
2024 · €20,379
Cash flow
-€730▼
2024 · €15,773
Current ratio
1.28▼
2024 · 1.62
Debt to equity
1.66▲
2024 · 1.54
ROE
-68.4%▼
2024 · 46.1%
ROA
-25.7%▼
2024 · 18.1%
Interest coverage
0.46▼
2024 · 22.88
Debt ≤ 1 year
€15,004▼
2024 · €19,782
Debt > 1 year
€6,315▼
2024 · €13,575
Income taxes
€132▼
2024 · €3,715
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,225 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.9%
went bankrupt
8.6%
stopped otherwise
87%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,225 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €374 | €5,823 | €8,046 | ▲ 38.2% |
| Other operating charges640/8 | €14 | €2,072 | €2,057 | ▼ 0.8% |
| Gross operating margin9900 | €14,670 | €22,451 | €2,562 | ▼ 88.6% |
| Operating profit (loss)9901 | €14,281 | €14,556 | -€7,541 | ▼ 152% |
| Financial income75/76B | - | €0 | €0 | = |
| Recurring financial income75 | - | €0 | €0 | = |
| Financial charges65/66B | - | €891 | €1,103 | ▲ 23.9% |
| Recurring financial charges65 | - | €891 | €1,103 | ▲ 23.9% |
| Profit (loss) for the period before taxes9903 | €14,281 | €13,665 | -€8,644 | ▼ 163% |
| Income taxes67/77 | €3,960 | €3,715 | €132 | ▼ 96.4% |
| Profit (loss) for the period9904 | €10,322 | €9,950 | -€8,776 | ▼ 188% |
| Profit (loss) for the period to be appropriated9905 | €10,322 | €9,950 | -€8,776 | ▼ 188% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €31,210 | €54,962 | €34,149 | ▼ 37.9% |
| Fixed assets21/28 | €9,626 | €22,949 | €14,903 | ▼ 35.1% |
| Tangible fixed assets22/27 | €9,626 | €22,949 | €14,903 | ▼ 35.1% |
| Plant, machinery and equipment23 | - | €1,253 | €960 | ▼ 23.4% |
| Furniture and vehicles24 | €9,626 | €21,696 | €13,943 | ▼ 35.7% |
| Current assets29/58 | €21,585 | €32,013 | €19,247 | ▼ 39.9% |
| Amounts receivable within one year40/41 | €5,858 | €10,488 | €9,360 | ▼ 10.8% |
| Trade receivables40 | €5,814 | €10,488 | €7,992 | ▼ 23.8% |
| Other amounts receivable41 | €44 | - | €1,368 | - |
| Cash at bank and in hand54/58 | €14,941 | €17,390 | €7,862 | ▼ 54.8% |
| Deferred charges and accrued income490/1 | €787 | €4,135 | €2,025 | ▼ 51.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €31,210 | €54,962 | €34,149 | ▼ 37.9% |
| Equity10/15 | €12,489 | €21,605 | €12,830 | ▼ 40.6% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €9,489 | €9,489 | €9,489 | = |
| Distributable reserves133 | €9,489 | €9,489 | €9,489 | = |
| Profit (loss) carried forward14 | - | €9,117 | €341 | ▼ 96.3% |
| Amounts payable17/49 | €18,722 | €33,357 | €21,320 | ▼ 36.1% |
| Amounts payable after more than one year17 | - | €13,575 | €6,315 | ▼ 53.5% |
| Financial debts170/4 | - | €13,575 | €6,315 | ▼ 53.5% |
| Amounts payable within one year42/48 | €18,722 | €19,782 | €15,004 | ▼ 24.2% |
| Current portion of amounts payable after more than one year42 | - | €6,857 | €7,260 | ▲ 5.9% |
| Trade debts44 | €10,427 | €2,556 | €2,691 | ▲ 5.3% |
| Suppliers440/4 | €10,427 | €2,556 | €2,691 | ▲ 5.3% |
| Taxes, remuneration and social security45 | €7,461 | €7,616 | €4,267 | ▼ 44.0% |
| Taxes450/3 | €7,461 | €6,636 | €3,767 | ▼ 43.2% |
| Remuneration and social security454/9 | - | €980 | €500 | ▼ 49.0% |
| Other amounts payable47/48 | €833 | €2,753 | €787 | ▼ 71.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,322 | €9,950 | -€8,776 | ▼ 188% |
| + Depreciation and write-downs630 | €374 | €5,823 | €8,046 | ▲ 38.2% |
| Operating cash flow (approximation) | €10,696 | €15,773 | -€730 | ▼ 105% |
| Investment in fixed assets (approximation) | - | -€19,147 | €0 | ▲ 100% |
| Change in cash | - | €2,449 | -€9,528 | ▼ 489% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€8,776
Net result drops to -€8,776, the lowest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Les Bons Villers · 1 establishment unit since 2023
Ground area
648 m²
Building footprint
68 m²
Volume, LiDAR
361 m³
Parcel 52046B0315/02M000, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NELS TECHNIC
since 20232.352.784.290
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52046B0315/02M000 | Wallonia | 648 m² | 1 · 68 m² | 6.4 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.
Similar companies · same sector, comparable size
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L-V-E Services
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MC TECHNIEK
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VRETOM
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Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 720 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
Founded08-11-2023
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
43240Other construction installation
70200Business and other management consultancy
71112Activities of interior architects
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:1002050778
Also
9925:BE1002050778
Registered
15-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.