NELY
ActiveSummary
NELY has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44,098 and a net result of €37,911. Equity is growing by ~390.3% per year across the filed fiscal years. Its solvency ranks better than 30% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+17
Solvency33▲+7
Growth78=
Track record82
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.8 in 2024; short-term debt: 42.2% and cash: 30.2% of total assets), and 91.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
8.1%
Return on assets
6.9%
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 08-04-2026, 114 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
114 d early
2024
49 d early
2023
14 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 59 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 12 June (3 of the last 3 filed years within 65 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€44,098▲ 613%
2024 · €6,187
Total assets
€545,640▲ 30.1%
2024 · €419,278
Net result
€37,911▲ 265%
2024 · €10,391
Working capital
-€52,720▼ 122%
2024 · -€23,699
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€7,154-€18,013€63,533▲ 253%
Net result-€7,204within the sector's middle half-€10,391within the sector's middle half€37,911above the sector's middle half▲ 265%
Equity-€4,204below the sector's middle half-€6,187below the sector's middle half€44,098within the sector's middle half▲ 613%
Total assets€172,763within the sector's middle half-€419,278within the sector's middle half▲ 143%€545,640within the sector's middle half▲ 30.1%
Debt€176,968-€413,091▲ 133%€501,543▲ 21.4%
Working capital-€59,768within the sector's middle half--€23,699within the sector's middle half▲ 60.3%-€52,720within the sector's middle half▼ 122%
Solvency-2.4%below the sector's middle half-1.5%below the sector's middle half▲ 3.9pp8.1%within the sector's middle half▲ 6.6pp
Current ratio0.05below the sector's middle half-0.80within the sector's middle half▲ 0.750.77within the sector's middle half▼ 0.03
Return on assets (ROA)-4.2%below the sector's middle half-2.5%within the sector's middle half▲ 6.6pp6.9%within the sector's middle half▲ 4.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 253% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €545,640
Fixed assets
€367,972 ▲ 12.8%
Current assets
€177,668 ▲ 91.2%
Equity and liabilities €545,640
Equity
€44,098 ▲ 613%
Debt
€501,543 ▲ 21.4%
Debt's share of the balance-sheet total falls from 98.5% to 91.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€72,039▲
2024 · €23,380
Cash flow
€46,417▲
2024 · €15,758
Quick ratio
0.76▼
2024 · 0.80
Debt to equity
11.37▼
2024 · 66.77
ROE
86.0%▼
2024 · 168.0%
Interest coverage
5.69▲
2024 · 4.36
Debt ≤ 1 year
€230,388▲
2024 · €116,635
Debt > 1 year
€271,154▼
2024 · €296,456
Income taxes
€13,000▲
2024 · €2,269
Staff costs
€16,541
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 513 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 96% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
2.3%
went bankrupt
1.4%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,338 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% | 1.9% |
| 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 513 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 |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €92 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €6,671 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €16,541 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €481 | €5,367 | €8,506 | ▲ 58.5% |
| Other operating charges640/8 | €3 | €617 | €3,211 | ▲ 420% |
| Gross operating margin9900 | -€6,671 | €23,997 | €91,790 | ▲ 283% |
| Operating profit (loss)9901 | -€7,154 | €18,013 | €63,533 | ▲ 253% |
| Financial income75/76B | - | €4 | €36 | ▲ 729% |
| Recurring financial income75 | - | €4 | €36 | ▲ 729% |
| Financial charges65/66B | €50 | €5,357 | €12,658 | ▲ 136% |
| Recurring financial charges65 | €50 | €5,357 | €12,658 | ▲ 136% |
| Profit (loss) for the period before taxes9903 | -€7,204 | €12,661 | €50,911 | ▲ 302% |
| Income taxes67/77 | - | €2,269 | €13,000 | ▲ 473% |
| Profit (loss) for the period9904 | -€7,204 | €10,391 | €37,911 | ▲ 265% |
| Profit (loss) for the period to be appropriated9905 | -€7,204 | €10,391 | €37,911 | ▲ 265% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €172,763 | €419,278 | €545,640 | ▲ 30.1% |
| Fixed assets21/28 | €169,937 | €326,343 | €367,972 | ▲ 12.8% |
| Tangible fixed assets22/27 | €169,937 | €326,343 | €367,972 | ▲ 12.8% |
| Land and buildings22 | €169,937 | €323,920 | €365,550 | ▲ 12.9% |
| Furniture and vehicles24 | - | €2,422 | €2,422 | = |
| Current assets29/58 | €2,826 | €92,935 | €177,668 | ▲ 91.2% |
| Stocks and contracts in progress3 | - | - | €2,750 | - |
| Stocks30/36 | - | - | €2,750 | - |
| Amounts receivable within one year40/41 | €1,637 | €82,890 | €6,624 | ▼ 92.0% |
| Trade receivables40 | - | €32,890 | €6,314 | ▼ 80.8% |
| Other amounts receivable41 | €1,637 | €50,000 | €310 | ▼ 99.4% |
| Cash at bank and in hand54/58 | €1,189 | €9,686 | €164,935 | ▲ 1,603% |
| Deferred charges and accrued income490/1 | - | €359 | €3,359 | ▲ 835% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €172,763 | €419,278 | €545,640 | ▲ 30.1% |
| Equity10/15 | -€4,204 | €6,187 | €44,098 | ▲ 613% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€7,204 | €3,187 | €41,098 | ▲ 1,189% |
| Amounts payable17/49 | €176,968 | €413,091 | €501,543 | ▲ 21.4% |
| Amounts payable after more than one year17 | €114,363 | €296,456 | €271,154 | ▼ 8.5% |
| Financial debts170/4 | €114,363 | €296,456 | €271,154 | ▼ 8.5% |
| Amounts payable within one year42/48 | €62,594 | €116,635 | €230,388 | ▲ 97.5% |
| Current portion of amounts payable after more than one year42 | €8,603 | €4,031 | €9,086 | ▲ 125% |
| Trade debts44 | €818 | - | €9,822 | - |
| Suppliers440/4 | €818 | - | €9,822 | - |
| Taxes, remuneration and social security45 | - | €2,035 | €28,460 | ▲ 1,299% |
| Taxes450/3 | - | €2,035 | €25,062 | ▲ 1,132% |
| Remuneration and social security454/9 | - | - | €3,398 | - |
| Other amounts payable47/48 | €53,173 | €110,568 | €183,020 | ▲ 65.5% |
| Accrued charges and deferred income492/3 | €11 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,204 | €10,391 | €37,911 | ▲ 265% |
| + Depreciation and write-downs630 | €481 | €5,367 | €8,506 | ▲ 58.5% |
| Operating cash flow (approximation) | -€6,723 | €15,758 | €46,417 | ▲ 195% |
| Investment in fixed assets (approximation) | - | -€161,772 | -€50,136 | ▲ 69.0% |
| Change in cash | - | €8,497 | €155,249 | ▲ 1,727% |
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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €37,911 ▲265%
Operating result €63,533, net result €37,911, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €10,391
Net result €10,391 after one loss-making year.
17-07
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 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
2 acts for this company are 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, Rochefort · 1 establishment unit since 2023
Ground area
1.0 ha
Building footprint
188 m²
Volume, LiDAR
314 m³
2 parcels, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NELY
since 20232.351.463.904
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91024A1291/00A000 | Wallonia | 9,890 m² | 1 · 127 m² | - |
| 91061A0263/00R000 | Wallonia | 378 m² | 1 · 61 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,192 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
Founded16-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
68110Buying and selling of own real estate
74130Interior design
82990Other business support services
96999Other personal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:1001224595
Registered
12-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.