Nepau
ActiveNepau has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €405k and a net result of €-3k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 76% of 9135 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68=
Solvency90=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.15 in 2024; short-term debt: 35.1% and cash: 7.5% of total assets), and 35.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 10 filingsDeviation from the deadline
2025
18 d late
2024
22 d late
2023
32 d early
2022
23 d early
2021
4 d early
2020
24 d early
2019
3 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€405k▼ 0.8%
2024 · €408k
2018: €127k
2019: €123k
2020: €431k
2021: €430k
2022: €420k
2023: €413k
2024: €408k
2018 → 2025
Total assets
€624k▼ 0.7%
2024 · €629k
2018: €149k
2019: €123k
2020: €436k
2021: €435k
2022: €642k
2023: €636k
2024: €629k
2018 → 2025
Net result
€-3k▲ 32.7%
2024 · €-5k
2018: €157k
2019: €-4k
2020: €-21k
2021: €-21k
2022: €-11k
2023: €-7k
2024: €-5k
2018 → 2025
Working capital
€41k▲ 29.0%
2024 · €32k
2018: €125k
2019: €122k
2020: €4k
2021: €11k
2022: €-193k
2023: €-180k
2024: €32k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€430k-€420k▼ 2.5%€413k▼ 1.6%€408k▼ 1.2%€405k▼ 0.8%
Operating result€-21k-€-11k▲ 48.3%€-7k▲ 37.9%€-7k▼ 6.3%€-5k▲ 21.8%
Net result€-21k-€-11k▲ 48.3%€-7k▲ 37.8%€-5k▲ 27.9%€-3k▲ 32.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €7k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €624k
Fixed assets
€364k▼ 3.6%
Current assets
€261k▲ 3.7%
Equity and liabilities €624k
Equity
€405k▼ 0.8%
Debt
€219k▼ 0.5%
The debt ratio rises from 35.0% to 35.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▲
2024 · €7k
Cash flow
€10k▲
2024 · €9k
Solvency
64.9%▼
2024 · 65.0%
Current ratio
1.19▲
2024 · 1.15
Quick ratio
1.19▲
2024 · 1.15
Debt / equity
0.54▲
2024 · 0.54
ROE
-0.8%▲
2024 · -1.2%
ROA
-0.5%▲
2024 · -0.8%
Interest coverage
210.07▲
2024 · 184.13
Debt
€219k▼
2024 · €220k
Debt ≤ 1 year
€219k=
2024 · €219k
Income taxes
€0▼
2024 · €44
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€629k€624k▼
Fixed assets21/28€377k€364k▼
Tangible fixed assets22/27€377k€364k▼
Land and buildings22€356k€346k▼
Plant, machinery and equipment23€21k€18k▼
Furniture and vehicles24€350€0▼
Current assets29/58€251k€261k▲
Amounts receivable within one year40/41€2k€3k▲
Other amounts receivable41€2k€3k▲
Current investments50/53€221k€211k▼
Cash at bank and in hand54/58€28k€47k▲
Equity and liabilities
Total equity and liabilities10/49€629k€624k▼
Equity10/15€408k€405k▼
Contributions10/11€424k€424k=
Capital10€424k€424k=
Issued capital100€608k€608k=
Uncalled capital101€184k€184k=
Profit (loss) carried forward14€-16k€-19k▼
Amounts payable17/49€220k€219k▼
Amounts payable within one year42/48€219k€219k=
Other amounts payable47/48€219k€219k=
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▼
Other operating charges640/8€12k€2k▼
Gross operating margin9900€19k€11k▼
Operating profit (loss)9901€-7k€-5k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€38€39▲
Recurring financial charges65€38€39▲
Profit (loss) for the period before taxes9903€-5k€-3k▲
Income taxes67/77€44€0▼
Profit (loss) for the period9904€-5k€-3k▲
Profit (loss) for the period to be appropriated9905€-5k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-19k▼
Profit (loss) brought forward from the previous period14P€-11k€-16k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 18 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Liquidity times 6current ratio 1.15
Current ratio from 0.18 to 1.15; short-term debt falls from €220k to €219k.
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €431k ▲250%
Equity rises from €123k to €431k.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 256current ratio 1698.76
Current ratio from 6.65 to 1698.76; short-term debt falls from €22k to €72.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Martens-Latem · 1 establishment unit since 2003
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.
Lindenpark 489831 Sint-Martens-LatemGround area
2,069 m²
Building footprint
120 m²
Volume, LiDAR
550 m³
Parcel 44015A0103/00K000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nepau
since 20032.132.881.233
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015A0103/00K000 | Flanders | 2,069 m² | 1 · 120 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
COENEN-SMEETS
BE 0859.845.117
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BE 1006.175.654
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MSE Invest
BE 0674.416.551
Grimbergen · Eq €405k
PROJECT - ENGINEERING
BE 0460.110.590
Izegem · Eq €405k
COGEBRU
BE 0430.418.296
Watermaal-Bosvoorde · Eq €405k
Of 9,139 companies in sector 68201 we hold annual accounts for 6,767. 5,046 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-04-2002
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
70201
68310Real estate agency activities
68311Real estate activities
70200Business and other management consultancy
70220Business consulting
70311
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.