NEO SALES

Active

Private limited companyfounded 20205 yrs activeRue d'Abhooz 2, 4040 Herstal, BelgiumKBO/BCE: BE 0755.795.195

Summary

The computed 12-month bankruptcy probability of NEO SALES is 4.0% (elevated). The 2024 annual accounts show equity of €266k and a net result of €141k. Equity is growing by ~72.5% per year across the filed fiscal years. Its solvency ranks better than 62% of 3549 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+2

Solvency74▲+18

Growth78=

Track record94

Bankruptcy probability, 12 months

4.0% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €15k at 30 days only on tighter terms

Liquidity ample (current ratio 1.66 against 1.42 in 2023; short-term debt: 50.8% and cash: 11.7% of total assets), but 50.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

38 d early

2023

36 d early

2022

38 d early

2021

33 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€141k▲ 4.6%

2023 · €135k

2021: €21k 2022: €37k 2023: €135k

2021 → 2024

Working capital

€181k▲ 9.8%

2023 · €165k

2021: €23k 2022: €60k 2023: €165k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€23k-€60k▲ 164%€176k▲ 196%€266k▲ 50.9%

Operating result€34k-€61k▲ 79.6%€193k▲ 215%€193k▲ 0.1%

Net result€21k-€37k▲ 80.3%€135k▲ 263%€141k▲ 4.6%

Result per fiscal year

Operating resultNet result

The operating result has risen three years in a row; 2024 is 0% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €540k

15.7%

84.3%

Fixed assets €85k ▲ 646%

Current assets €455k ▼ 17.9%

Equity and liabilities €540k

49.2%

50.8%

Equity €266k ▲ 50.9%

Debt €275k ▼ 29.6%

Debt's share of the balance-sheet total falls from 68.9% to 50.8%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€201k▲

2023 · €193k

Cash flow

€148k▲

2023 · €135k

Current ratio

1.66▲

2023 · 1.42

Debt to equity

1.03▼

2023 · 2.21

ROE

52.9%▼

2023 · 76.4%

ROA

26.0%▲

2023 · 23.8%

Interest coverage

57.53▼

2023 · 173.26

Debt ≤ 1 year

€275k▼

2023 · €390k

Income taxes

€50k▼

2023 · €58k

Staff costs

€1.35M▲

2023 · €1.17M

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines

Balance sheet Code20232024

Assets

Total assets20/58€566k€540k▼

Fixed assets21/28€11k€85k▲

Intangible fixed assets21€11k€85k▲

Current assets29/58€554k€455k▼

Amounts receivable within one year40/41€358k€375k▲

Trade receivables40€213k€365k▲

Other amounts receivable41€145k€10k▼

Cash at bank and in hand54/58€191k€63k▼

Deferred charges and accrued income490/1€5k€17k▲

Equity and liabilities

Total equity and liabilities10/49€566k€540k▼

Equity10/15€176k€266k▲

Contributions10/11€2k€2k=

Reserves13€174k€264k▲

Distributable reserves133€174k€264k▲

Profit (loss) carried forward14€0€0=

Amounts payable17/49€390k€275k▼

Amounts payable within one year42/48€390k€275k▼

Financial debts43€53k€53k▲

Credit institutions430/8€53k€53k▲

Trade debts44€70k€86k▲

Suppliers440/4€70k€86k▲

Taxes, remuneration and social security45€249k€84k▼

Taxes450/3€151k€469▼

Remuneration and social security454/9€98k€83k▼

Other amounts payable47/48€18k€51k▲

Income statement Code20232024

Remuneration, social security and pensions62€1.17M€1.35M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15€8k▲

Other operating charges640/8€2k€922▼

Gross operating margin9900€1.37M€1.55M▲

Operating profit (loss)9901€193k€193k▲

Financial income75/76B€181€1k▲

Recurring financial income75€181€1k▲

Financial charges65/66B€1k€3k▲

Recurring financial charges65€1k€3k▲

Profit (loss) for the period before taxes9903€192k€191k▼

Income taxes67/77€58k€50k▼

Profit (loss) for the period9904€135k€141k▲

Profit (loss) for the period to be appropriated9905€135k€141k▲

Appropriation of the result

Profit (loss) to be appropriated9906€135k€141k▲

Transfer to equity691/2€117k€90k▼

To other reserves6921€117k€90k▼

Profit to be distributed694/7€18k€51k▲

Directors or managers695€18k€51k▲

Social balance

Average headcount (FTE)908721.424.4▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

2025

23-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Highest result since 2021net €141k ▲4.6%

Operating result €193k, net result €141k, both a record.

31-12

Financial Equity above €200kEq €266k ▲50.9%

4 profitable years in a row build equity to €266k.

25-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Equity above €150kEq €176k ▲196%

3 profitable years in a row build equity to €176k.

23-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

28-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Herstal · 3 establishment units since 2020

establishment approximate All 3 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue d'Abhooz 24040 Herstal

Ground area

9,728 m²

Building footprint

2,286 m²

Volume, LiDAR

20,276 m³

3 parcels, Flanders, Wallonia · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.

3 establishment units

NEO SALES

Rue d'Abhooz 2, 4040 HerstalGeneral electrical installation work

since 20202.308.800.334

NEO SALES

Koningin Astridlaan 59, 1780 WemmelGeneral electrical installation work

since 20232.350.510.136

NEO SALES

Rue Eugène-Houdret 59, 4000 LiègeGeneral electrical installation work

since 20232.350.510.235

3 parcels

Flanders 1 (33.3%) Wallonia 2 (66.7%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
22662B0407/00D011indicative	Flanders	6,201 m²	1 · 1,886 m²	15.3 m · 3 fl.
62312A0453/00N002	Wallonia	1,939 m²	1 · 298 m²	-
62042B0016/00W000	Wallonia	1,589 m²	1 · 103 m²	11.5 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 2

2 of 3 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 22,821 companies in sector 43211 we hold annual accounts for 10,326. 7,802 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded07-10-2020

Fiscal year end31-12

Activities, NACEBEL 2025

43211General electrical installation work

61200Telecommunications resale and intermediation services

43212Electrical installation work in industrial facilities

47820Retail sale of motor vehicle parts and accessories

46190Agents in non-specialised wholesale trade

63910Web portal activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.