NELSON LABS
ActiveSummary
NELSON LABS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €595.32M and a net result of €38.07M. Equity is growing by ~37% per year across the filed fiscal years. Its solvency ranks better than 71% of 191 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
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Financials · fiscal year 2025, full schema
Filed annual accounts As filed with the NBB · 2025 against 2024 · 76 lines
The notes to these accounts (57 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €32.96M | €39.55M | €38.46M | €39.31M | €47.09M | ▲ 19.8% |
| Turnover70 | €29.61M | €39.19M | €38.07M | €38.10M | €41.25M | ▲ 8.3% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €3.35M | €360k | €-483k | €1.20M | €5.84M | ▲ 388% |
| Own construction capitalised72 | - | - | €313k | - | - | - |
| Non-recurring operating income76A | - | - | €560k | €16k | €3k | ▼ 81.7% |
| Operating charges60/66A | €21.27M | €24.70M | €25.83M | €28.17M | €31.06M | ▲ 10.3% |
| Goods for resale, raw materials and consumables60 | €4.04M | €4.77M | €3.88M | €3.90M | €3.94M | ▲ 0.9% |
| Purchases600/8 | €4.04M | €4.77M | €3.88M | €3.90M | €3.94M | ▲ 0.9% |
| Services and other goods61 | €4.82M | €4.99M | €5.81M | €6.57M | €8.45M | ▲ 28.6% |
| Remuneration, social security and pensions62 | €11.24M | €13.59M | €14.32M | €15.80M | €16.43M | ▲ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €921k | €1.04M | €1.16M | €1.61M | €1.71M | ▲ 6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2 | - | €-36k | €169k | €177k | ▲ 5.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €-54k | - | - | - |
| Other operating charges640/8 | €247k | €222k | €135k | €122k | €355k | ▲ 191% |
| Non-recurring operating charges66A | - | €94k | €620k | - | - | - |
| Operating profit (loss)9901 | €11.69M | €14.85M | €12.63M | €11.14M | €16.03M | ▲ 43.9% |
| Financial income75/76B | €189k | €747k | €228k | €83.58M | €36.50M | ▼ 56.3% |
| Recurring financial income75 | €189k | €747k | €228k | €83.58M | €36.50M | ▼ 56.3% |
| Income from financial fixed assets750 | - | - | - | €83.07M | €32.93M | ▼ 60.4% |
| Other financial income752/9 | €189k | €747k | €228k | €513k | €3.57M | ▲ 596% |
| Financial charges65/66B | €103k | €411k | €253k | €5.06M | €12.26M | ▲ 142% |
| Recurring financial charges65 | €103k | €411k | €253k | €5.06M | €12.26M | ▲ 142% |
| Debt charges650 | - | - | - | €4.95M | €9.20M | ▲ 85.8% |
| Other financial charges652/9 | €103k | €411k | €253k | €111k | €3.06M | ▲ 2,668% |
| Profit (loss) for the period before taxes9903 | €11.78M | €15.19M | €12.60M | €89.66M | €40.27M | ▼ 55.1% |
| Income taxes67/77 | €2.96M | €3.11M | €4.05M | €1.86M | €2.20M | ▲ 18.3% |
| Taxes670/3 | €2.96M | €3.11M | €4.05M | €1.86M | €2.20M | ▲ 18.3% |
| Profit (loss) for the period9904 | €8.82M | €12.07M | €8.55M | €87.80M | €38.07M | ▼ 56.6% |
| Transfer from tax-exempt reserves789 | - | €517k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €8.82M | €12.59M | €8.55M | €87.80M | €38.07M | ▼ 56.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39.10M | €52.57M | €58.61M | €822.46M | €769.00M | ▼ 6.5% |
| Fixed assets21/28 | €5.48M | €6.97M | €7.21M | €663.56M | €664.79M | ▲ 0.2% |
| Intangible fixed assets21 | €170k | €1.48M | €1.69M | €1.77M | €1.58M | ▼ 10.7% |
| Tangible fixed assets22/27 | €5.31M | €5.49M | €5.52M | €7.02M | €8.43M | ▲ 20.1% |
| Plant, machinery and equipment23 | €2.29M | €2.52M | €3.41M | €4.03M | €4.76M | ▲ 18.1% |
| Furniture and vehicles24 | €117k | €118k | €86k | €69k | €93k | ▲ 35.5% |
| Leasing and similar rights25 | €194k | €113k | €113k | €113k | €113k | = |
| Other tangible fixed assets26 | €342k | €581k | €620k | €726k | €1.26M | ▲ 74.0% |
| Assets under construction and advance payments27 | €2.37M | €2.16M | €1.28M | €2.08M | €2.21M | ▲ 5.9% |
| Financial fixed assets28 | - | - | - | €654.77M | €654.77M | = |
| Affiliated companies280/1 | - | - | - | €654.77M | €654.77M | = |
| Participating interests280 | - | - | - | €654.77M | €654.77M | = |
| Current assets29/58 | €33.62M | €45.60M | €51.41M | €158.89M | €104.22M | ▼ 34.4% |
| Stocks and contracts in progress3 | €7.24M | €7.60M | €7.12M | €8.32M | €14.16M | ▲ 70.2% |
| Contracts in progress37 | €7.24M | €7.60M | €7.12M | €8.32M | €14.16M | ▲ 70.2% |
| Amounts receivable within one year40/41 | €25.27M | €36.63M | €43.71M | €65.41M | €62.01M | ▼ 5.2% |
| Trade receivables40 | €7.32M | €11.04M | €8.16M | €10.19M | €7.75M | ▼ 23.9% |
| Other amounts receivable41 | €17.95M | €25.59M | €35.56M | €55.21M | €54.26M | ▼ 1.7% |
| Cash at bank and in hand54/58 | €880k | €1.05M | €211k | €84.94M | €27.71M | ▼ 67.4% |
| Deferred charges and accrued income490/1 | €233k | €321k | €361k | €229k | €344k | ▲ 50.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39.10M | €52.57M | €58.61M | €822.46M | €769.00M | ▼ 6.5% |
| Equity10/15 | €32.67M | €44.74M | €53.29M | €654.84M | €595.32M | ▼ 9.1% |
| Contributions10/11 | €125k | €125k | €125k | €513.88M | €513.88M | = |
| Capital10 | €125k | €125k | €125k | €348k | €348k | = |
| Issued capital100 | €125k | €125k | €125k | €348k | €348k | = |
| Outside capital11 | - | - | - | €513.53M | €513.53M | = |
| Share premium1100/10 | - | - | - | €513.53M | €513.53M | = |
| Reserves13 | €1.91M | €1.91M | €1.91M | €1.94M | €1.94M | = |
| Non-distributable reserves130/1 | €13k | €13k | €13k | €35k | €35k | = |
| Legal reserve130 | €13k | €13k | €13k | €35k | €35k | = |
| Tax-exempt reserves132 | €517k | - | - | - | - | - |
| Distributable reserves133 | €1.39M | €1.90M | €1.90M | €1.90M | €1.90M | = |
| Profit (loss) carried forward14 | €30.63M | €42.70M | €51.25M | €139.03M | €79.51M | ▼ 42.8% |
| Provisions and deferred taxes16 | €54k | €54k | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | €54k | €54k | €0 | - | - | - |
| Other liabilities and charges164/5 | €54k | €54k | €0 | - | - | - |
| Amounts payable17/49 | €6.38M | €7.77M | €5.32M | €167.61M | €173.68M | ▲ 3.6% |
| Amounts payable within one year42/48 | €6.34M | €7.63M | €5.14M | €167.55M | €173.36M | ▲ 3.5% |
| Financial debts43 | - | - | - | €160.75M | €166.54M | ▲ 3.6% |
| Other loans439 | - | - | - | €160.75M | €166.54M | ▲ 3.6% |
| Trade debts44 | €1.57M | €1.47M | €1.05M | €1.18M | €1.40M | ▲ 19.2% |
| Suppliers440/4 | €1.57M | €1.47M | €1.05M | €1.18M | €1.40M | ▲ 19.2% |
| Advances received on contracts in progress46 | €1.28M | €2.08M | €1.32M | €2.27M | - | - |
| Taxes, remuneration and social security45 | €3.49M | €4.08M | €2.77M | €3.35M | €5.42M | ▲ 61.5% |
| Taxes450/3 | €161k | €283k | - | - | €1.28M | - |
| Remuneration and social security454/9 | €3.33M | €3.80M | €2.77M | €3.35M | €4.13M | ▲ 23.2% |
| Accrued charges and deferred income492/3 | €42k | €140k | €183k | €63k | €320k | ▲ 409% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8.82M | €12.07M | €8.55M | €87.80M | €38.07M | ▼ 56.6% |
| + Depreciation and write-downs630 | €921k | €1.04M | €1.16M | €1.61M | €1.71M | ▲ 6.3% |
| Operating cash flow (approximation) | €9.74M | €13.11M | €9.71M | €89.40M | €39.78M | ▼ 55.5% |
| Investment in fixed assets (approximation) | - | €-2.52M | €-1.40M | €-657.96M | €-2.93M | ▲ 99.6% |
| Change in cash | - | €169k | €-838k | €84.73M | €-57.24M | ▼ 168% |
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
10-08
State Gazette act
Resignations: GARA (director) and Riaz Amirali BANDALI (director)Appointments: GARA (director) and Riaz Amirali BANDALI (director) · Permanent representative: Kurt Marcel Ursula PEETERS · Legal-form conversion13 facts ▸
- General meeting, 23-07-2026
- Legal-form conversion, Naamloze vennootschap -> Besloten vennootschap
- Net-asset statement, 31-05-2026
- Director resignation, GARA (director)
- Director resignation, Riaz Amirali BANDALI (director)
- Director appointment, GARA (director)
- Director appointment, Riaz Amirali BANDALI (director)
- Permanent representative, Kurt Marcel Ursula PEETERS
- Mandate compensation, GARA
- Mandate compensation, Riaz Amirali BANDALI
- Power of attorney, BERQUIN NOTARISSEN
- Shares issued, 278
- +1 further facts in this act
04-08
State Gazette act
Resignation: Joseph Shrawder (director)Appointment: Riaz Amirali Bandali (director) · Power of attorney7 facts ▸
- General meeting, 30/06/2026
- Director resignation, Joseph Shrawder (director)
- Director appointment, Riaz Amirali Bandali (director)
- Power of attorney, Susana Gonzalez Melon
- Power of attorney, Hannelore De Bie
- Power of attorney, Dries Remeysen
- Power of attorney, Allen Overy Shearman Sterling (Belgium) LLP
Show earlier events
About the unread acts
Of the 18 Belgian State Gazette acts we know for this company, 2 have been read. The other 16 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514C0093/00W000 | Flanders | 1.0 ha | 1 · 1,691 m² | 13.7 m · 4 fl. |
Linked by address, not proof of ownership
Articles of association
Full purpose
De vennootschap heeft tot voorwerp in België en in het buitenland multidisciplinaire toxicologische en milieu- onderzoekingen en testen te verrichten, gericht op de evaluatie van de effecten van producten en procedés op de menselijke gezondheid en op het milieu. De vennootschap zal daartoe de nodige laboratoria, studiecentra en kantoren organiseren, oprichten en betrekken. De vennootschap zal analyses maken, adviesactiviteiten ontwikkelen en rapporten leveren aan milieu-ingenieurs en aan de industrie en zich in het bijzonder bezighouden met scheikunde, ecotoxicologie, zoogdieren-toxicologie, in- vitro en alternatieve toxicologie, genetische, water- en luchttoxicologie. Deze activiteiten zullen omvatten, doch niet beperkt zijn tot 1. water- en luchttoxicologie 2. effectenrapportering 3. bioremediatie 4. wetenschappelijk onderzoek op het gebied van pesticide-, herbicide- en insecticideregistraties 5. wetenschappelijke en technische raadgevingen 6. biomedisch onderzoek en -ontwikkeling 7. in—vivo en in-vitro toxicologie. De vennootschap mag alle vormen van toegepast wetenschappelijk onderzoek doen van nieuwe procedés of nieuwe producten, evenals alle brevetten, merken, licenties, tekeningen en modellen, op punt stellen en commercialiseren. De vennootschap mag ook zelf licenties nemen. De vennootschap mag, in het algemeen, alle mogelijke commerciële, industriële, financiële, roerende of onroerende operaties doorvoeren, die direct of indirect verband houden met haar voorwerp of die van aard zouden zijn de verwezenlijking ervan te vergemakkelijken of te bevorderen. Zij kan zich door alle middelen inmengen in alle zaken, ondernemingen of vennootschappen die eenzelfde, gelijkaardig of aanverwant voorwerp hebben of die van aard zijn om de ontwikkeling van haar onderneming te bevorderen. De vennootschap mag eveneens aandelen hebben in een andere vennootschap, mag als raadgever optreden met betrekking tot dezelfde, gelijkaardig of aanverwante zaken en mag tussenkomen in het management. De Organisatie en de coördinatie van elke andere vennootschap die eenzelfde, analoog, gelijkaardig of aanverwant voorwerp hebben, zowel in België als in het buitenland. De vennootschap kan haar activiteiten hetzij voor eigen rekening, hetzij bij deelname met derden, hetzij voor rekening van derden verrichten. De vennootschap mag, door middel van inbreng, fusie, onderschrijving of elke andere wijzen inmengen in alle ondernemingen, verenigingen of vennootschappen die eenzelfde, gelijkaardig of aanverwant voorwerp hebben of die van aard zijn om de ontwikkeling van haar activiteit te bevorderen. De vennootschap mag haar voorwerp realiseren op om het even welke plaats, op om het even welke manier en met die middelen die haar het meest geschikt lijken.
Structure & network
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 29,906 EUR awarded · 29,906 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 7,002 EUR | 7,002 EUR |
| 2024 | 1 | 7,562 EUR | 7,562 EUR |
| 2023 | 1 | 8,739 EUR | 8,739 EUR |
| 2022 | 1 | 6,603 EUR | 6,603 EUR |
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