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NELZAK

Active
Private limited companyfounded 20215 yrs activeLt. Graffplein 15, 1780 Wemmel, BelgiumKBO/BCE: BE 0769.416.866
Summary

The computed 12-month bankruptcy probability of NELZAK is 4.9% (elevated). The 2024 annual accounts show equity of €97,837 and a net result of €16,813. Equity is growing by ~60.3% per year across the filed fiscal years. Its solvency ranks better than 86% of 9971 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
NELZAKActiveChecked score 41/100
Risk analysis ReportCompare

Overview

Activity
General construction of residential buildings
NACE 41001General construction of buildings NACE 41201
1 site
Size
€125,759total assets 2024
Equity
€97,837
Profit
€16,813
Turnover not published (abridged schema)
Financial health
41 Weak Checked score 2024
Bankruptcy chance 12 m
4.9%
Structure
Accounts 64 d overdue0 of 4 deeds read
Why 41- 1 change of registered office in 24 months- Figures for FY 2024 (filed 08-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 31 days late; 3 of the last 3 late+ Liquidity: current ratio 4.30, cash €52,320Show the evidence

Checked score

Score 2024
41 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 80% of its sector peers (NACE 41, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 100+2
equity 77.8% of total assets
Liquidity 92+19
short-term debt 22.2% · cash 41.6%
Profitability 85-15
return on assets 13.4%
Bankruptcy probability, 12 months
4.9% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.6% (13,187 companies)
Last 24 months 11-2024: 2.8% 12-2024: 2.8%● 0.0% vs 11-2024 01-2025: 2.8%▼ -1.1% vs 12-2024 02-2025: 2.3%▼ -18.4% vs 01-2025 03-2025: 2.2%▼ -2.0% vs 02-2025 04-2025: 2.6%▲ +15.5% vs 03-2025 05-2025: 2.8%▲ +11.5% vs 04-2025 06-2025: 2.8%▼ -2.8% vs 05-2025 07-2025: 2.8%▲ +2.4% vs 06-2025 08-2025: 3.9%▲ +36.2% vs 07-2025 09-2025: 3.9%▲ +1.7% vs 08-2025 10-2025: 1.7%▼ -57.5% vs 09-2025lowest value 11-2025: 1.7%▲ +3.1% vs 10-2025 12-2025: 1.7%● 0.0% vs 11-2025 01-2026: 1.7%▼ -1.2% vs 12-2025 02-2026: 1.7%● 0.0% vs 01-2026 03-2026: 1.7%▼ -0.4% vs 02-2026 04-2026: 1.7%▲ +3.1% vs 03-2026 05-2026: 2.0%▲ +15.6% vs 04-2026 06-2026: 2.1%▲ +2.9% vs 05-2026 07-2026: 2.1%● 0.0% vs 06-2026 08-2026: 2.8%▲ +36.8% vs 07-2026 09-2026: 3.1%▲ +10.8% vs 08-2026 10-2026: 4.9%▲ +56.9% vs 09-2026highest value
  • 1 change of registered office in 24 months raises the probability
  • Figures for FY 2024 (filed 08-09-2025) raises the probability
  • Liquidity: current ratio 4.30, cash €52,320 lowers the probability
  • 1 financial year not filed after the legal deadline; latest accounts 31 days late; 3 of the last 3 late raises the probability
Credit up to €4,000 at 30 days only on tighter terms
Liquidity ample (current ratio 4.3 against 3.44 in 2023; short-term debt: 22.2% and cash: 41.6% of total assets), and 22.2% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 41, micro). Better than this share of them on solvency 92%, liquidity 92%, profitability 69%, growth against the median 65%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Figures for FY 2024 (filed 08-09-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 4.30, cash €52,320
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 31 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
31 d late
2023
59 d late
2022
31 d late
2021
2 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 31 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
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 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Highest result since 2021net €53,403 ▲154%

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View
  • Positive: Among the best 14% on solvencysector median 42.3% · 9,971 companies 77.8% View
  • Total assets 20244 fiscal years filed €125,759 View

By topic

Financials

Fiscal year
2024
Total assets
€125,759
Profit
€16,813
Solvency
77.8%
Total assets▲ 13.9%
Net result
20212024
Go to Financials

Timeline

Events
6
Since
2022
  1. 31-08-2025Annual accounts filed
  2. 28-09-2024Annual accounts filed
  3. 31-12-2023Highest result since 2021
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General construction of residential buildingsNACE 41001
Founded
07-06-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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