NERA
ActiveSummary
NERA has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of -€8,415. Equity is growing by about 9.1% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2025, abbreviated format
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.2m▼ 0.7%
2024 · €1.3m
Total assets
€1.3m▼ 1.6%
2024 · €1.3m
Net result
-€8,415▲ 2.1%
2024 · -€8,593
Working capital
€361,633▼ 2.3%
2024 · €370,048
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €13,973 in 2025 against €20,756 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.01m
2025
Net result-€0.008m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.3m
2025
Equity€1.2m
2025
Debt€0.02m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.4m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.005m-€0.02m▲ 350%€0.02m▼ 30.8%€0.006m▼ 62.3%€0.02m▲ 222%€0.5m▲ 24×-€0.02m-€0.01m▲ 32.7%
Net result€0.003m-€0.02m▲ 379%€0.01m▼ 38.3%€0.005m▼ 47.8%€0.01m▲ 167%€0.5m▲ 33×-€0.009m-€0.008m▲ 2.1%
Equity€0.8m-€0.8m▲ 2.1%€0.8m▲ 1.3%€0.8m▲ 0.6%€0.8m▲ 1.7%€1.3m▲ 56.0%€1.3m▼ 0.7%€1.2m▼ 0.7%
Total assets€0.9m-€0.9m▲ 2.4%€0.9m▼ 4.7%€0.9m▲ 0.4%€0.9m▲ 2.0%€1.3m▲ 48.3%€1.3m▼ 3.6%€1.3m▼ 1.6%
Debt€0.1m-€0.1m▲ 4.0%€0.09m▼ 37.1%€0.09m▼ 1.8%€0.09m▲ 4.1%€0.07m▼ 19.4%€0.04m▼ 52.6%€0.02m▼ 34.0%
Working capital-€0.1m--€0.1m▲ 16.1%-€0.09m▲ 10.4%-€0.08m▲ 10.1%-€0.06m▲ 22.0%€0.4m€0.4m▼ 2.3%€0.4m▼ 2.3%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€888,112 =
Current assets
€385,066 ▼ 5.0%
Equity and liabilities €1.3m
Equity
€1.2m ▼ 0.7%
Debt
€23,433 ▼ 34.0%
Debt's share of the balance-sheet total falls from 2.7% to 1.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
16.43▲
2024 · 11.43
Debt to equity
0.02▼
2024 · 0.03
ROE
-0.7%▲
2024 · -0.7%
ROA
-0.7%▲
2024 · -0.7%
Debt ≤ 1 year
€23,433▼
2024 · €35,491
Income taxes
€0▼
2024 · €4
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 | €6,387 | €2,930 | €2,930 | €3,769 | €3,769 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €7,819 | €7,684 | €5,485 | €12,813 | €8,375 | ▼ 34.6% |
| Gross operating margin9900 | €18,456 | €32,606 | €26,010 | €17,421 | €30,265 | €460,405 | -€7,942 | -€5,598 | ▲ 29.5% |
| Operating profit (loss)9901 | €4,961 | €22,325 | €15,456 | €5,834 | €18,812 | €454,920 | -€20,756 | -€13,973 | ▲ 32.7% |
| Financial income75/76B | - | - | - | - | - | - | €12,211 | €5,574 | ▼ 54.4% |
| Recurring financial income75 | €0 | €702 | €790 | - | - | - | €12,211 | €5,574 | ▼ 54.4% |
| Financial charges65/66B | - | - | - | €37 | €39 | €64 | €44 | €16 | ▼ 64.2% |
| Recurring financial charges65 | €24 | €26 | €30 | €37 | €39 | €64 | €44 | €16 | ▼ 64.2% |
| Profit (loss) for the period before taxes9903 | €4,937 | €23,001 | €16,216 | €5,797 | €18,773 | €454,856 | -€8,589 | -€8,415 | ▲ 2.0% |
| Income taxes67/77 | €1,600 | €7,000 | €6,343 | €643 | €5,000 | - | €4 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €3,337 | €16,001 | €9,873 | €5,154 | €13,773 | €454,856 | -€8,593 | -€8,415 | ▲ 2.1% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €455,000 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €3,337 | €16,001 | €19,873 | €5,154 | €13,773 | -€144 | -€8,593 | -€8,415 | ▲ 2.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €1.3m | €1.3m | €1.3m | ▼ 1.6% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.06m | €0.06m | €0.06m | €0.05m | €0.05m | €0.06m | €0.06m | €0.06m | = |
| Land and buildings22 | - | - | - | €0.05m | €0.05m | €0.03m | €0.03m | €0.03m | = |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.04m | €0.04m | €0.04m | = |
| Furniture and vehicles24 | - | - | - | €0.004m | €0.001m | - | - | - | - |
| Financial fixed assets28 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Current assets29/58 | €0.02m | €0.05m | €0.002m | €0.009m | €0.03m | €0.5m | €0.4m | €0.4m | ▼ 5.0% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.02m | - | - | - | - | - | €0.004m | €0.005m | ▲ 45.6% |
| Other amounts receivable41 | - | - | - | - | - | - | €0.004m | €0.005m | ▲ 45.6% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | €0.4m | - |
| Cash at bank and in hand54/58 | €221 | €0.05m | €0.002m | €0.009m | €0.03m | €0.5m | €0.4m | €0.01m | ▼ 97.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.004m | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €1.3m | €1.3m | €1.3m | ▼ 1.6% |
| Equity10/15 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €1.3m | €1.3m | €1.2m | ▼ 0.7% |
| Contributions10/11 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Capital10 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Issued capital100 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €0.05m | €0.05m | €0.04m | €0.04m | €0.04m | €0.5m | €0.5m | €0.5m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | - | €0.03m | €0.03m | €0.5m | €0.5m | €0.5m | = |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 4.1% |
| Amounts payable17/49 | €0.1m | €0.1m | €0.09m | €0.09m | €0.09m | €0.07m | €0.04m | €0.02m | ▼ 34.0% |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.09m | €0.09m | €0.09m | €0.07m | €0.04m | €0.02m | ▼ 34.0% |
| Trade debts44 | €0.001m | €79 | €0.003m | €0.001m | €64 | €120 | €0.005m | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €0.001m | €64 | €120 | €0.005m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0.002m | €0.007m | €0.003m | - | - | - |
| Taxes450/3 | - | - | - | €0.002m | €0.007m | €0.003m | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.09m | €0.09m | €0.07m | €0.03m | €0.02m | ▼ 22.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,337 | €16,001 | €9,873 | €5,154 | €13,773 | €454,856 | -€8,593 | -€8,415 | ▲ 2.1% |
| + Depreciation and write-downs630 | €6,387 | €2,930 | €2,930 | €3,769 | €3,769 | - | - | - | - |
| Operating cash flow (approximation) | €9,724 | €18,931 | €12,803 | €8,922 | €17,542 | €454,856 | -€8,593 | -€8,415 | ▲ 2.1% |
| Investment in fixed assets (approximation) | - | €0 | -€2,518 | €0 | €0 | -€13,957 | €0 | €0 | - |
| Change in cash | - | €45,132 | -€43,295 | €7,281 | €21,240 | €422,861 | -€55,491 | -€388,218 | ▼ 600% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-07-2026 | 2026-00274415 |
| 31-12-2024 | micro format | 17-06-2025 | 2025-00147776 |
| 31-12-2023 | micro format | 17-06-2024 | 2024-00135660 |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00157449 |
| 31-12-2021 | micro format | 05-07-2022 | 2022-20136515 |
| 31-12-2020 | micro format | 24-06-2021 | 2021-23900299 |
| 31-12-2019 | micro format | 23-07-2020 | 2020-33000307 |
| 31-12-2018 | micro format | 27-06-2019 | 2019-23000472 |
| 31-12-2017 | micro format | 13-06-2018 | 2018-17600510 |
| 31-12-2016 | micro format | 20-07-2017 | 2017-33100546 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.