Equity
NERA paid out €10,000 in dividends. That is 625% of the 2025 profit.
NERA paid out €10,000 in dividends. That is 625% of the 2025 profit.
Green is investment, beige is depreciation.
Ten of the last ten came late. The 2019 accounts came latest: 88 days after the end of the period.
In July 2024, 10,904 companies had the same profile as NERA has now. Each dot stands for 28 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 10,904 companies, not a prediction for NERA. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
These companies have the same main activity as NERA: other business support services (NACE 82990). They are comparable in size and age: total assets between €124,000 and €288,000, founded between 2007 and 2010.
NERA files the micro format. That format states no turnover. The gross margin fell from €30,359 in 2008 to €12,070 in 2025.
The balance sheet grew most from 2016 to 2018 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €71,000. Estimated: probably between €37,000 and €140,000.
Higher than 78% of 9,701 companies in 2025.
Higher than 65% of 9,319 companies in 2025.
Higher than 26% of 9,443 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
173,794 | 180,504 | 159,457 | 173,673 | 175,785 | 160,848 | 123,864 | 134,226 | 112,035 | 103,001 | 60,094 | 83,256 | 67,979 | 54,969 | 80,636 | 32,441 | 58,855 | 56,231 | |
20 |
0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
21/28 |
63,978 | 47,556 | 55,685 | 62,314 | 66,945 | 53,357 | 57,858 | 58,031 | 54,679 | 5,835 | 5,733 | 12,469 | 22,937 | 34,417 | 48,049 | 21,333 | 28,993 | 30,692 | |
22/27 |
62,839 | 46,417 | 54,546 | 61,175 | 66,007 | 52,418 | 56,920 | 57,241 | 53,689 | 4,845 | 4,743 | 11,479 | 21,947 | 33,427 | 47,059 | 20,343 | 28,003 | 29,702 | |
22 |
35,103 | 37,124 | 39,146 | 41,167 | 43,189 | 42,165 | 44,885 | 47,781 | 51,140 | 628 | 1,084 | 1,540 | 1,996 | 2,452 | 2,908 | 3,364 | 3,820 | 1,506 | |
23 |
509 | 678 | 848 | 1,018 | 1,187 | 1,357 | 1,526 | - | - | - | - | - | - | - | - | - | 128 | 437 | |
24 |
27,228 | 8,615 | 14,553 | 18,991 | 21,631 | 8,897 | 10,508 | 9,460 | 2,548 | 4,217 | 3,659 | 9,939 | 19,951 | 30,975 | 44,151 | 16,979 | 24,055 | 27,760 | |
28 |
1,139 | 1,139 | 1,139 | 1,139 | 939 | 939 | 939 | 790 | 990 | 990 | 990 | 990 | 990 | 990 | 990 | 990 | 990 | 990 | |
29/58 |
109,816 | 132,948 | 103,772 | 111,359 | 108,839 | 107,491 | 66,006 | 76,195 | 57,357 | 97,166 | 54,361 | 70,787 | 45,042 | 20,552 | 32,587 | 11,108 | 29,862 | 25,539 | |
29 |
- | - | 11,041 | 11,041 | 21,041 | 21,041 | 27,491 | 29,249 | - | - | - | - | - | - | - | - | - | - | |
291 |
- | - | 11,041 | 11,041 | 21,041 | 21,041 | 27,491 | 29,249 | - | - | - | - | - | - | - | - | - | - | |
40/41 |
69,995 | 112,357 | 80,629 | 68,190 | 51,699 | 49,017 | 19,196 | 15,994 | 49,051 | 81,717 | 15,857 | 65,338 | 44,237 | 2,464 | 9,031 | 5,922 | 21,034 | 17,860 | |
40 |
8,396 | 33,584 | 1,806 | - | 625 | 18,622 | 16,978 | 14,496 | 34,219 | 74,169 | 15,857 | 27,370 | 24,138 | 1,113 | 9,031 | 1,634 | 18,755 | 17,860 | |
41 |
61,599 | 78,773 | 78,823 | 68,190 | 51,074 | 30,395 | 2,218 | 1,498 | 14,832 | 7,548 | - | 37,968 | 20,099 | 1,350 | - | 4,288 | 2,279 | - | |
50/53 |
- | - | 10,205 | 8,205 | 6,005 | 3,405 | 1,900 | 700 | - | - | - | - | - | - | - | - | - | - | |
54/58 |
37,277 | 19,946 | 20 | 20,289 | 29,559 | 32,857 | 15,770 | 28,621 | 6,829 | 13,973 | 35,813 | 5,449 | 805 | 9,302 | 22,454 | 4,519 | 8,829 | 7,116 | |
490/1 |
2,544 | 644 | 1,877 | 3,634 | 535 | 1,171 | 1,649 | 1,631 | 1,476 | 1,476 | 2,691 | - | - | 8,787 | 1,103 | 667 | - | 563 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
173,794 | 180,504 | 159,457 | 173,673 | 175,785 | 160,848 | 123,864 | 134,226 | 112,035 | 103,001 | 60,094 | 83,256 | 67,979 | 54,969 | 80,636 | 32,441 | 58,855 | 56,231 | |
10/15 |
136,199 | 144,598 | 146,513 | 152,757 | 147,637 | 121,891 | 80,308 | 75,784 | 43,164 | 21,433 | 23,145 | 47,897 | 28,651 | 19,825 | 18,584 | 5,771 | 27,116 | 15,548 | |
10/11 |
6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | |
10 |
- | 6,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
- | 6,500 | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
101 |
- | - | - | - | - | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | 13,500 | |
13 |
134,341 | 144,341 | 146,257 | 146,257 | 141,137 | 113,107 | 71,524 | 47,000 | 22,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 1,228 | 1,228 | 650 | |
130/1 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 1,228 | 1,228 | 650 | |
1311 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
132,341 | 142,341 | 144,257 | 144,257 | 139,137 | 111,107 | 69,524 | 45,000 | 20,000 | - | - | - | - | - | - | - | - | - | |
14 |
-4,643 | -6,244 | -6,244 | - | - | 2,284 | 2,284 | 22,284 | 14,664 | 12,933 | 14,645 | 39,397 | 20,151 | 11,325 | 10,084 | -1,958 | 19,388 | 8,398 | |
17/49 |
37,595 | 35,906 | 12,944 | 20,916 | 28,148 | 38,957 | 43,556 | 58,442 | 68,872 | 81,568 | 36,949 | 35,359 | 39,328 | 35,144 | 62,051 | 26,670 | 31,739 | 40,683 | |
17 |
- | - | - | - | - | - | 9,632 | 19,042 | 27,480 | 36,482 | - | 6,321 | 13,908 | 20,885 | 27,641 | 2,749 | 10,713 | 18,266 | |
170/4 |
- | - | - | - | - | - | 9,632 | 19,042 | 27,480 | 36,482 | - | 6,321 | 13,908 | 20,885 | 27,641 | 2,749 | 10,713 | 18,266 | |
42/48 |
37,595 | 35,906 | 12,944 | 20,916 | 28,148 | 38,957 | 33,924 | 39,400 | 41,392 | 45,086 | 32,581 | 28,580 | 25,089 | 14,259 | 34,410 | 21,934 | 18,734 | 22,417 | |
42 |
5,122 | - | - | - | 2,509 | 9,632 | 14,427 | 9,195 | 9,002 | 9,518 | 6,005 | 7,306 | 10,274 | 6,755 | 9,183 | 7,964 | 7,553 | 7,164 | |
44 |
5,392 | 4,634 | 641 | 13,424 | 2,868 | 8,176 | 5,275 | 22,026 | 10,203 | 13,057 | 5,756 | 7,950 | 10,563 | 4,269 | 5,990 | 10,339 | 9,288 | 6,615 | |
440/4 |
5,392 | 4,634 | 641 | 13,424 | 2,868 | 8,176 | 5,275 | 22,026 | 10,203 | 13,057 | 5,756 | 7,950 | 10,563 | 4,269 | 5,990 | 10,339 | 9,288 | 6,615 | |
45 |
25,728 | 30,066 | 6,243 | 3,121 | 15,970 | 17,949 | 11,223 | 8,179 | 20,105 | 13,164 | 14,898 | 13,324 | 4,252 | 3,235 | 11,559 | 3,632 | 1,892 | 6,103 | |
450/3 |
25,728 | 30,066 | 6,243 | - | 12,849 | 14,828 | 11,223 | 8,179 | 20,105 | 13,164 | 14,898 | 13,324 | 4,252 | 3,235 | 4,580 | 3,632 | 1,892 | 6,103 | |
454/9 |
- | - | - | 3,121 | 3,121 | 3,121 | - | - | - | - | - | - | - | - | 6,979 | - | - | - | |
47/48 |
1,352 | 1,206 | 6,060 | 4,372 | 6,800 | 3,200 | 3,000 | - | 2,082 | 9,347 | 5,921 | - | - | - | 7,678 | - | - | 2,534 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | 4,368 | 457 | 332 | - | - | 1,987 | 2,292 | - | |
| Income statement | |||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,292 | - | - | - | |
9900 |
12,070 | 29,582 | 4,259 | 45,251 | 60,603 | 76,313 | 51,988 | 56,909 | 38,050 | 18,886 | 17,988 | 38,855 | 30,562 | 27,953 | 26,045 | -648 | 31,605 | 30,359 | |
630 |
6,366 | 8,147 | 9,042 | 8,118 | 8,033 | 5,775 | 6,866 | 6,651 | 5,301 | 2,124 | 1,371 | 10,468 | 12,256 | 13,632 | 14,322 | 11,883 | 12,226 | 17,359 | |
640/8 |
801 | 495 | 1,096 | 394 | 130 | 187 | 330 | 263 | 583 | 59 | 6,653 | 954 | 900 | 7,125 | 337 | 442 | 1,514 | 2,679 | |
9901 |
4,903 | 20,940 | -5,879 | 36,740 | 52,440 | 70,351 | 44,792 | 49,995 | 32,166 | 16,702 | 9,964 | 27,434 | 17,406 | 7,196 | 11,386 | -12,972 | 17,865 | 10,320 | |
75/76B |
0 | 408 | 600 | 79 | 198 | 550 | 601 | - | 949 | 26 | 0 | 2,560 | 904 | 64 | 5 | 284 | 25 | 10 | |
75 |
0 | 408 | 600 | 79 | 198 | 550 | 601 | - | 949 | 26 | 0 | 2,560 | 904 | 64 | 5 | 284 | 25 | 10 | |
65/66B |
658 | 1,310 | 779 | 435 | 854 | 831 | 2,917 | 1,986 | 754 | 570 | 866 | 1,180 | 1,998 | 3,259 | 2,586 | 1,143 | 1,461 | 1,281 | |
65 |
658 | 1,310 | 779 | 435 | 854 | 831 | 2,917 | 1,986 | 754 | 570 | 866 | 1,180 | 1,998 | 3,259 | 2,586 | 1,143 | 1,461 | 1,281 | |
9903 |
4,246 | 20,037 | -6,057 | 36,385 | 51,784 | 70,070 | 42,476 | 48,009 | 32,361 | 16,158 | 9,098 | 28,814 | 16,313 | 4,000 | 14,096 | -13,831 | 16,429 | 9,049 | |
67/77 |
2,645 | 6,953 | 186 | 11,265 | 14,038 | 18,487 | 17,952 | 15,389 | 10,630 | 6,441 | 11,932 | 9,567 | 7,487 | 2,760 | 1,282 | 7,515 | 4,861 | 1 | |
9904 |
1,601 | 13,085 | -6,244 | 25,120 | 37,746 | 51,582 | 24,524 | 32,621 | 21,731 | 9,717 | -2,834 | 19,247 | 8,826 | 1,240 | 12,814 | -21,346 | 11,568 | 9,048 | |
9905 |
1,601 | 13,085 | -6,244 | 25,120 | 37,746 | 51,582 | 24,524 | 32,621 | 21,731 | 9,717 | -2,834 | 19,247 | 8,826 | 1,240 | 12,814 | -21,346 | 11,568 | 9,048 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
-4,643 | 6,841 | -6,244 | 25,120 | 40,030 | 53,867 | 46,808 | 47,284 | 34,664 | 24,362 | 36,563 | 39,397 | 20,151 | 11,325 | 10,856 | -1,958 | 19,966 | 9,048 | |
14P |
-6,244 | -6,244 | - | - | 2,284 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
10,000 | 15,000 | - | 20,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | 13,085 | - | 25,120 | 28,030 | 41,582 | 24,524 | 25,000 | 20,000 | - | - | - | - | - | 772 | - | 578 | 650 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 772 | - | 578 | 650 | |
6921 |
- | 13,085 | - | 25,120 | 28,030 | 41,582 | 24,524 | 25,000 | 20,000 | - | - | - | - | - | - | - | - | - | |
694/7 |
10,000 | 15,000 | - | 20,000 | 12,000 | 10,000 | 20,000 | - | - | 11,429 | 21,918 | - | - | - | - | - | - | - | |
694 |
10,000 | 15,000 | - | 20,000 | 12,000 | 10,000 | 20,000 | - | - | 11,429 | 21,918 | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00463397.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00463397 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00432480 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00401107 | |
| 31-12-2022 | micro format | 30-09-2023 | 2023-00462531 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20349177 | |
| 31-12-2020 | micro format | 29-09-2021 | 2021-68800342 | |
| 31-12-2019 | micro format | 27-10-2020 | 2020-63200320 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-52100525 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-61800519 | |
| 31-12-2016 | micro format | 14-08-2017 | 2017-43000120 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-51100553 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-48900416 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-49800433 | |
| 31-12-2012 | abbreviated format | 20-06-2013 | 2013-18900446 | |
| 31-12-2011 | abbreviated format | 29-08-2012 | 2012-46500220 | |
| 31-12-2010 | abbreviated format | 18-08-2011 | 2011-40500574 | |
| 31-12-2009 | abbreviated format | 30-08-2010 | 2010-48700305 | |
| 31-12-2008 | abbreviated format | 18-09-2009 | 2009-76200136 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11,269 | 29,087 | 3,164 | 44,858 | 60,473 | 76,127 | 51,658 | 56,646 | 37,467 | 18,827 | 11,335 | 37,901 | 29,662 | 20,828 | 25,708 | -1,089 | 30,091 | 27,679 | ||
| 7,967 | 21,232 | 2,799 | 33,238 | 45,779 | 57,358 | 31,390 | 39,271 | 27,032 | 11,841 | -1,464 | 29,714 | 21,082 | 14,872 | 27,136 | -9,463 | 23,794 | 26,407 | ||
| 27,155 | 18 | 2,414 | 3,486 | 21,622 | 1,274 | 6,693 | 10,203 | 54,145 | 2,226 | 4,573 | 0 | 776 | 0 | 50,623 | 4,223 | 10,527 | 48,051 | ||
| 17,331 | 19,926 | -20,269 | -9,270 | -3,298 | 17,087 | -12,852 | 21,792 | -7,144 | -21,840 | 30,364 | 4,644 | -8,497 | -13,152 | 17,935 | -4,310 | 1,712 | - | ||
| 72,221 | 97,042 | 90,828 | 90,443 | 80,692 | 68,534 | 32,082 | 36,795 | 15,965 | 52,080 | 21,780 | 42,206 | 19,953 | 6,293 | -1,823 | -10,826 | 11,128 | 3,122 | ||
| 78.4% | 80.1% | 91.9% | 88.0% | 84.0% | 75.8% | 64.8% | 56.5% | 38.5% | 20.8% | 38.5% | 57.5% | 42.1% | 36.1% | 23.0% | 17.8% | 46.1% | 27.7% | ||
| 2.92 | 3.70 | 8.02 | 5.32 | 3.87 | 2.76 | 1.95 | 1.93 | 1.39 | 2.16 | 1.67 | 2.48 | 1.80 | 1.44 | 0.95 | 0.51 | 1.59 | 1.14 | ||
| 0.28 | 0.25 | 0.09 | 0.14 | 0.19 | 0.32 | 0.54 | 0.77 | 1.60 | 3.81 | 1.60 | 0.74 | 1.37 | 1.77 | 3.34 | 4.62 | 1.17 | 2.62 | ||
| 1.2% | 9.0% | -4.3% | 16.4% | 25.6% | 42.3% | 30.5% | 43.0% | 50.3% | 45.3% | -12.2% | 40.2% | 30.8% | 6.3% | 68.9% | -369.9% | 42.7% | 58.2% | ||
| 0.9% | 7.2% | -3.9% | 14.5% | 21.5% | 32.1% | 19.8% | 24.3% | 19.4% | 9.4% | -4.7% | 23.1% | 13.0% | 2.3% | 15.9% | -65.8% | 19.7% | 16.1% | ||
| 17.13 | 22.20 | 4.06 | over 100 | 70.83 | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €27,155 | - | €2,414 | €3,286 | €21,622 |
| Financial fixed assets | - | - | - | €200 | - |
| €6,366 | €8,147 | €9,042 | €8,118 | €8,033 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 77% lower than in 2024.
Debt's share of the balance-sheet total rises from 19.9% to 21.6%. Equity is lower and debt is higher.
NERA has no parent and no holdings in its annual accounts. is the only director. NERA shares no director with another company.
| Qrius Wood
registered office since 19-06-2020 |
founded in 2020 0748.773.385 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Penitentienenstraat 54 registered office 3000 Leuven |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24505F0278/00H002 | 146 m² | 1 · 73 m² | 9.3 m · 3 |
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