NEMESI
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 12-03-2026 PDF all 8 filings
Turnover
≈ €350,000
Estimated: probably between €240,000 and €550,000
Total assets
€349,971▼ 4.2%
2024 · €365,198
Net result
€100,731▲ 16.4%
2024 · €86,561
Working capital
-€48,140
2024 · €64,722
In the rankings
#7 company by total assets in Sint-Genesius-Rode, Accommodation and food service sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€130,705
▲ 20.8%
2025
20182025
Net result
€100,731
▲ 16.4%
2025
highest quarter of the sector
20182025
Equity
€20,460
▼ 84.6%
2025
middle half of the sector
20182025
Total assets
€349,971
▼ 4.2%
2025
middle half of the sector
20182025
Debt
€329,511
▲ 41.7%
2025
20182025
Working capital
-€48,140
2025
middle half of the sector
20182025
Solvency
5.8%
▼ 30.5pp
2025
middle half of the sector
20182025
Current ratio
0.78
▼ 0.80
2025
middle half of the sector
20182025
Return on assets (ROA)
28.8%
▲ 5.1pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€32,238-€60,149▲ 86.6%€73,618▲ 22.4%€95,620▲ 29.9%€103,165▲ 7.9%€94,522▼ 8.4%€108,214▲ 14.5%€130,705▲ 20.8%
Net result€22,844-€45,883▲ 101%€54,991above the sector's middle half▲ 19.9%€74,900above the sector's middle half▲ 36.2%€78,025above the sector's middle half▲ 4.2%€72,946above the sector's middle half▼ 6.5%€86,561above the sector's middle half▲ 18.7%€100,731above the sector's middle half▲ 16.4%
Equity€39,844-€74,527▲ 87.0%€129,518within the sector's middle half▲ 73.8%€194,418within the sector's middle half▲ 50.1%€209,567within the sector's middle half▲ 7.8%€163,163within the sector's middle half▼ 22.1%€132,614within the sector's middle half▼ 18.7%€20,460within the sector's middle half▼ 84.6%
Total assets€55,476-€127,821▲ 130%€311,865within the sector's middle half▲ 144%€399,153within the sector's middle half▲ 28.0%€402,375within the sector's middle half▲ 0.8%€410,155within the sector's middle half▲ 1.9%€365,198within the sector's middle half▼ 11.0%€349,971within the sector's middle half▼ 4.2%
Debt€15,632-€53,294▲ 241%€182,347▲ 242%€204,735▲ 12.3%€192,808▼ 5.8%€246,992▲ 28.1%€232,584▼ 5.8%€329,511▲ 41.7%
Working capital€37,952-€43,734▲ 15.2%€69,666above the sector's middle half▲ 59.3%€98,296above the sector's middle half▲ 41.1%€122,901above the sector's middle half▲ 25.0%€85,922above the sector's middle half▼ 30.1%€64,722above the sector's middle half▼ 24.7%-€48,140within the sector's middle half
Solvency71.8%-58.3%▼ 13.5pp41.5%within the sector's middle half▼ 16.8pp48.7%within the sector's middle half▲ 7.2pp52.1%within the sector's middle half▲ 3.4pp39.8%within the sector's middle half▼ 12.3pp36.3%within the sector's middle half▼ 3.5pp5.8%within the sector's middle half▼ 30.5pp
Current ratio3.43-1.82▼ 1.613.55above the sector's middle half▲ 1.732.55above the sector's middle half▼ 1.003.11above the sector's middle half▲ 0.551.72within the sector's middle half▼ 1.391.58within the sector's middle half▼ 0.140.78within the sector's middle half▼ 0.80
Return on assets (ROA)41.2%-35.9%▼ 5.3pp17.6%above the sector's middle half▼ 18.3pp18.8%above the sector's middle half▲ 1.1pp19.4%above the sector's middle half▲ 0.6pp17.8%above the sector's middle half▼ 1.6pp23.7%above the sector's middle half▲ 5.9pp28.8%above the sector's middle half▲ 5.1pp
above
within
below
The sector band is the middle half of the companies in Accommodation (NACE 55). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 21% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €349,971
Fixed assets
€181,561 ▼ 3.5%
Current assets
€168,410 ▼ 4.8%
Equity and liabilities €349,971
Equity
€20,460 ▼ 84.6%
Debt
€329,511 ▲ 41.7%
Debt's share of the balance-sheet total rises from 63.7% to 94.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€137,350▲
2024 · €124,625
Cash flow
€107,376▲
2024 · €102,972
Debt to equity
16.11▲
2024 · 1.75
ROE
492.3%▲
2024 · 65.3%
Interest coverage
65.78▲
2024 · 58.84
Debt ≤ 1 year
€216,550▲
2024 · €112,270
Debt > 1 year
€112,961▼
2024 · €120,314
Income taxes
€28,262▲
2024 · €22,066
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €473 | €6,939 | €6,645 | €16,412 | €16,411 | €16,479 | €16,411 | €6,645 | ▼ 59.5% |
| Other operating charges640/8 | - | - | - | - | €3,585 | €2,633 | €2,689 | €3,832 | ▲ 42.5% |
| Gross operating margin9900 | €33,069 | €70,981 | €80,706 | €113,306 | €123,161 | €113,634 | €127,314 | €141,182 | ▲ 10.9% |
| Operating profit (loss)9901 | €32,238 | €60,149 | €73,618 | €95,620 | €103,165 | €94,522 | €108,214 | €130,705 | ▲ 20.8% |
| Financial income75/76B | - | - | - | - | €2,584 | €188 | €2,531 | €376 | ▼ 85.1% |
| Recurring financial income75 | €0 | - | €41 | €1,940 | €2,584 | €188 | €2,531 | €376 | ▼ 85.1% |
| Financial charges65/66B | - | - | - | - | €2,452 | €2,207 | €2,118 | €2,088 | ▼ 1.4% |
| Recurring financial charges65 | €20 | €272 | €2,071 | €2,292 | €2,452 | €2,207 | €2,118 | €2,088 | ▼ 1.4% |
| Profit (loss) for the period before taxes9903 | €32,218 | €59,877 | €71,588 | €95,268 | €103,297 | €92,503 | €108,627 | €128,993 | ▲ 18.7% |
| Income taxes67/77 | €9,374 | €13,994 | €16,597 | €20,368 | €25,272 | €19,557 | €22,066 | €28,262 | ▲ 28.1% |
| Profit (loss) for the period9904 | €22,844 | €45,883 | €54,991 | €74,900 | €78,025 | €72,946 | €86,561 | €100,731 | ▲ 16.4% |
| Profit (loss) for the period to be appropriated9905 | €22,844 | €45,883 | €54,991 | €74,900 | €78,025 | €72,946 | €86,561 | €100,731 | ▲ 16.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €55,476 | €127,821 | €311,865 | €399,153 | €402,375 | €410,155 | €365,198 | €349,971 | ▼ 4.2% |
| Fixed assets21/28 | €1,892 | €30,793 | €214,852 | €237,507 | €221,096 | €204,617 | €188,206 | €181,561 | ▼ 3.5% |
| Tangible fixed assets22/27 | €1,892 | €20,818 | €214,852 | €237,507 | €221,096 | €204,617 | €188,206 | €181,561 | ▼ 3.5% |
| Land and buildings22 | - | - | - | - | €201,563 | €194,850 | €188,206 | €181,561 | ▼ 3.5% |
| Furniture and vehicles24 | - | - | - | - | €19,533 | €9,767 | - | - | - |
| Financial fixed assets28 | - | €9,975 | - | - | - | - | - | - | - |
| Current assets29/58 | €53,584 | €97,028 | €97,013 | €161,646 | €181,279 | €205,538 | €176,992 | €168,410 | ▼ 4.8% |
| Amounts receivable within one year40/41 | €2,662 | €10,591 | €20,267 | €50,178 | €24,831 | €14,204 | €13,985 | €16,939 | ▲ 21.1% |
| Trade receivables40 | - | - | - | - | €24,831 | €11,667 | €13,985 | €16,939 | ▲ 21.1% |
| Other amounts receivable41 | - | - | - | - | - | €2,537 | - | - | - |
| Cash at bank and in hand54/58 | €50,923 | €86,437 | €76,746 | €111,468 | €156,448 | €191,334 | €163,007 | €151,471 | ▼ 7.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €55,476 | €127,821 | €311,865 | €399,153 | €402,375 | €410,155 | €365,198 | €349,971 | ▼ 4.2% |
| Equity10/15 | €39,844 | €74,527 | €129,518 | €194,418 | €209,567 | €163,163 | €132,614 | €20,460 | ▼ 84.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €21,210 | €21,210 | €21,210 | €21,210 | €19,350 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €19,350 | - | - | - | - |
| Profit (loss) carried forward14 | €34 | €34,717 | €89,708 | €154,608 | €169,757 | €142,703 | €112,154 | - | - |
| Amounts payable17/49 | €15,632 | €53,294 | €182,347 | €204,735 | €192,808 | €246,992 | €232,584 | €329,511 | ▲ 41.7% |
| Amounts payable after more than one year17 | - | - | €155,000 | €141,385 | €134,430 | €127,376 | €120,314 | €112,961 | ▼ 6.1% |
| Financial debts170/4 | - | - | - | - | €134,430 | €127,376 | €120,314 | €112,961 | ▼ 6.1% |
| Amounts payable within one year42/48 | €15,632 | €53,294 | €27,347 | €63,350 | €58,378 | €119,616 | €112,270 | €216,550 | ▲ 92.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €6,947 | - | - | - | - |
| Financial debts43 | - | - | - | - | - | €7,045 | €7,053 | €7,254 | ▲ 2.8% |
| Credit institutions430/8 | - | - | - | - | - | €7,045 | €7,053 | €7,254 | ▲ 2.8% |
| Trade debts44 | - | €242 | - | - | €623 | €502 | - | €502 | - |
| Suppliers440/4 | - | - | - | - | €623 | €502 | - | €502 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €28,627 | €2,974 | €22,783 | €43,223 | ▲ 89.7% |
| Taxes450/3 | - | - | - | - | €28,627 | €2,974 | €22,783 | €43,223 | ▲ 89.7% |
| Other amounts payable47/48 | - | - | - | - | €22,181 | €109,095 | €82,434 | €165,571 | ▲ 101% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,844 | €45,883 | €54,991 | €74,900 | €78,025 | €72,946 | €86,561 | €100,731 | ▲ 16.4% |
| + Depreciation and write-downs630 | €473 | €6,939 | €6,645 | €16,412 | €16,411 | €16,479 | €16,411 | €6,645 | ▼ 59.5% |
| Operating cash flow (approximation) | €23,317 | €52,822 | €61,636 | €91,312 | €94,436 | €89,425 | €102,972 | €107,376 | ▲ 4.3% |
| Investment in fixed assets (approximation) | - | -€35,840 | -€190,704 | -€39,067 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €35,514 | -€9,691 | €34,722 | €44,980 | €34,886 | -€28,327 | -€11,536 | ▲ 59.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,153 companies had the same profile as NEMESI has now. Two years later, 96.1% were still going and 1.7% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
96.1%
was still going
2.2%
stopped otherwise
1.7%
went bankrupt
That fits the bankruptcy probability of NEMESI itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,153 companies, not a prediction for NEMESI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-03-2026 | 2026-00054089 | |
| 31-12-2024 | micro format | 17-03-2025 | 2025-00049643 | |
| 31-12-2023 | micro format | 21-06-2024 | 2024-00151240 | |
| 31-12-2022 | micro format | 27-05-2023 | 2023-00098592 | |
| 31-12-2021 | micro format | 19-03-2022 | 2022-08000516 | |
| 31-12-2020 | micro format | 01-05-2021 | 2021-12900376 | |
| 31-12-2019 | micro format | 21-07-2020 | 2020-32300572 | |
| 31-12-2018 | micro format | 31-12-2019 | 2019-78000251 |