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NERACO

Active
Private limited companyfounded 2007active for 19 yearsVeldstraat 108, 8760 Tielt, BelgiumKBO/BCE: BE 0890.130.792

From the official registers: KBO 18 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

NERACO has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.1m and a net result of €645,891. Equity has been growing by about 30% per year since 2018. Its solvency ranks better than 59% of 2,072 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

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NERACOActiveChecked score 89/100
Risk analysis ReportCompare

Overview

Overview

Official details

KBO
Status
Active since 18-06-2007 Normal situation
Activity
Growing of pome and stone fruits NACE 01240and 3 others
Establishment unit
2.163.260.643 8760 Tielt, since 18-06-2007
Financial year end
31 December
Peppol
Reachable since 27-03-2026
Company details

Board and ownership

Board
Board & ownership

Financial position

89 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Gross margin
€2.0m
▲ 19.5%
Turnover
≈ €3.4m
estimated
Profit
€645,891
▲ 47.7%
Equity
€3.1m
▲ 25.3%
Total assets
€6.2m
▲ 1.3%
Staff
11.1 FTE
▲ 33.7%
Filed on 30-09-2026, 61 days after the deadlineat the National Bank
Financials
Score breakdownraises riskLast filed accounts filed 61 days late; 3 of the last 3 accounts lateLiquidity: current ratio 2.09, cash €192,321lowers riskProfit of €645,891 (financial year 2025)Founded in 2007Show the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 68% of small companies in crop and animal production (NACE 01)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 74+9
equity 49.0% of total assets
Liquidity 51-1
short-term debt 15.1% · cash 3.1%
Profitability 82+4
return on assets 10.3%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (907 companies, NACE 01, small)
Last 24 months 11-2024: 1.8% 12-2024: 2.1%▲ +0.3 percentage points vs 11-2024highest value 01-2025: 0.3%▼ -1.8 percentage points vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%▲ +0.2 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.8%▲ +0.1 percentage points vs 09-2025 11-2025: 0.9%▲ +0.1 percentage points vs 10-2025 12-2025: 1.1%▲ +0.2 percentage points vs 11-2025 01-2026: 2.0%▲ +0.9 percentage points vs 12-2025 02-2026: 0.4%▼ -1.6 percentage points vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.5%▲ +0.1 percentage points vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.4 percentage points vs 07-2026 09-2026: 1.0%▲ +0.1 percentage points vs 08-2026 10-2026: 0.3%▼ -0.7 percentage points vs 09-2026lowest value
Credit of up to €270,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.09 (1.78 in 2024), above the usual 1.5. Short-term debt is 15.1% and cash 3.1% of total assets. However, 51% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, small). It does better than 61% of them on solvency, 55% on liquidity, 79% on profitability and 76% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 61 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Liquidity: current ratio 2.09, cash €192,321
NBB · annual accounts
lowers risk · Profit of €645,891 (financial year 2025)
NBB · annual accounts
lowers risk · Founded in 2007
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
61 days late
2024
152 days late
2023
142 days late
2022
153 days late
2021
130 days late
2020
94 days late
2019
91 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 118 days after the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 December (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00534905.

Annual accounts 2025 filed on 30-09-2026 at the NBB all 18 filings

Turnover
≈ €3.4m
Estimated: probably between €2.3m and €5.7m
Total assets
€6.2m▲ 1.3%
2024 · €6.2m
Net result
€645,891▲ 47.7%
2024 · €437,352
Working capital
€1.0m▲ 33.1%
2024 · €770,846
In the rankings #4 company by equity in Tielt, Agriculture, forestry and fishing sector#5 company by total assets in Tielt, Agriculture, forestry and fishing sector
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 48% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.

Operating result€0.9m 2025 Net result€0.6m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Crop and animal production, hunting and related service activities (NACE 01). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.2m-€0.2m▼ 0.3%€0.2m▲ 11.3%€0.5m▲ 186%€0.2m▼ 61.6%€0.4m▲ 112%€0.6m▲ 45.8%€0.9m▲ 48.2%
Net result€0.1m-€0.1m▼ 1.7%€0.1mabove the sector's middle half▲ 7.6%€0.5mabove the sector's middle half▲ 239%€0.2mabove the sector's middle half▼ 62.1%€0.4mabove the sector's middle half▲ 102%€0.4mabove the sector's middle half▲ 16.9%€0.6mabove the sector's middle half▲ 47.7%
Equity€0.5m-€0.7m▲ 48.4%€0.8mwithin the sector's middle half▲ 19.0%€1.3mabove the sector's middle half▲ 59.8%€1.5mabove the sector's middle half▲ 13.0%€2.0mabove the sector's middle half▲ 36.1%€2.4mabove the sector's middle half▲ 20.1%€3.1mabove the sector's middle half▲ 25.3%
Total assets€2.5m-€2.7m▲ 9.8%€2.6mwithin the sector's middle half▼ 3.7%€6.1mabove the sector's middle half▲ 132%€6.7mabove the sector's middle half▲ 10.0%€6.2mabove the sector's middle half▼ 8.6%€6.2mabove the sector's middle half▲ 0.2%€6.2mabove the sector's middle half▲ 1.3%
Debt€2.0m-€2.0m▲ 0.5%€1.8m▼ 11.4%€4.8m▲ 166%€5.2m▲ 9.2%€4.1m▼ 21.5%€3.7m▼ 9.6%€3.2m▼ 14.5%
Working capital-€0.1m-€0.2m€0.2mwithin the sector's middle half▼ 14.8%€0.5mabove the sector's middle half▲ 169%€0.3mwithin the sector's middle half▼ 50.0%€0.6mabove the sector's middle half▲ 148%€0.8mabove the sector's middle half▲ 19.9%€1.0mabove the sector's middle half▲ 33.1%
Solvency18.8%-25.5%▲ 6.6pp31.5%within the sector's middle half▲ 6.0pp21.7%within the sector's middle half▼ 9.8pp22.2%within the sector's middle half▲ 0.6pp33.1%within the sector's middle half▲ 10.9pp39.7%within the sector's middle half▲ 6.6pp49.0%within the sector's middle half▲ 9.4pp
Current ratio0.84-1.42▲ 0.571.38within the sector's middle half▼ 0.041.70within the sector's middle half▲ 0.321.16within the sector's middle half▼ 0.531.69within the sector's middle half▲ 0.531.78within the sector's middle half▲ 0.092.09within the sector's middle half▲ 0.31
Return on assets (ROA)5.5%-4.9%▼ 0.6pp5.5%within the sector's middle half▲ 0.6pp8.0%above the sector's middle half▲ 2.5pp2.7%within the sector's middle half▼ 5.2pp6.1%within the sector's middle half▲ 3.3pp7.1%within the sector's middle half▲ 1.0pp10.3%above the sector's middle half▲ 3.2pp
Staff (FTE)6.6-10.4▲ 57.6%9.3within the sector's middle half▼ 10.6%8within the sector's middle half▼ 14.0%9.2within the sector's middle half▲ 15.0%9.7above the sector's middle half▲ 5.4%8.3above the sector's middle half▼ 14.4%11.1above the sector's middle half▲ 33.7%
above within below The sector band is the middle half of the companies in Crop and animal production, hunting and related service activities (NACE 01). 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.
Turnover and EBIT margin are not published. The abbreviated 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 €6.2m
Fixed assets €4.3m ▼ 3.0%
Current assets €2.0m ▲ 12.0%
Equity and liabilities €6.2m
Equity €3.1m ▲ 25.3%
Provisions €10,682 ▼ 12.1%
Debt €3.2m ▼ 14.5%
Debt's share of the balance-sheet total falls from 60.1% to 50.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.5m▲
2024 · €1.2m
Cash flow
€1.2m▲
2024 · €1.0m
Quick ratio
1.94▲
2024 · 1.51
Debt to equity
1.04▼
2024 · 1.52
ROE
21.1%▲
2024 · 17.9%
Interest coverage
27.50▲
2024 · 20.23
Debt ≤ 1 year
€943,231▼
2024 · €987,234
Debt > 1 year
€2.2m▼
2024 · €2.7m
Income taxes
€274,592▲
2024 · €182,718
Staff costs
€497,110▲
2024 · €448,059
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as NERACO: growing of pome and stone fruits (NACE 01240). They are comparable in size and age: total assets between €3.7m and €7.7m, founded between 2005 and 2009.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
NERACO Tielt2007€6.2m€3.1m€2.0m€0.6m11.12025
Rennen-Prinse Hoogstraten2006€6.2m€2.7m€1.4m€0.3m10.42025
HERPEE Sint-Truiden2008€7.7m€1.7m€1.4m€0.08m16.62025
FRANK BOEREN Hoogstraten2005€5.9m€4.2m€2.4m€0.8m172025
GOFFIN HUBERT EN MICHEL Sint-Truiden2007€3.7m€2.2m€1.3m€0.02m11.82025
DEPA-FRUIT Nieuwerkerken (Limb.)2009€5.0m€1.7m€1.2m€0.3m8.52025
BLOESEMFRUIT Riemst2008€4.0m€3.0m€1.2m€0.3m9.22025

They were chosen from the 334 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 17,811 companies had the same profile as NERACO has now. Two years later, 0.3% had gone bankrupt and 96.5% were still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.3% went bankrupt
3.1% stopped otherwise
96.5% was still going

That fits the bankruptcy probability of NERACO itself: 0.3% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 17,811 companies, not a prediction for NERACO. 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.

Subsidies and aid

Flemish government

2023 to 2025 · 3 entries · €116,377 awarded · €116,377 paid
Year Entries AwardedPaid
2025 2 €5,528€5,528
2023 1 €110,849€110,849
Schemes
2 entries · €111,236 · €111,236 paid · Vlaams Landbouwinvesteringsfonds
1 entry · €5,141 · €5,141 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines

Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.

Balance sheet Code20242025
Assets
Total assets20/58€6.2m€6.2m▲
Fixed assets21/28€4.4m€4.3m▼
Tangible fixed assets22/27€4.4m€4.3m▼
Land and buildings22€3.5m€3.3m▼
Plant, machinery and equipment23€0.9m€0.8m▼
Furniture and vehicles24€0.08m€0.1m▲
Financial fixed assets28€0.003m€0.02m▲
Current assets29/58€1.8m€2.0m▲
Stocks and contracts in progress3€0.3m€0.1m▼
Stocks30/36€0.3m€0.1m▼
Amounts receivable within one year40/41€0.3m€0.4m▲
Trade receivables40€0.3m€0.4m▲
Other amounts receivable41€0.007m€348▼
Current investments50/53€0.9m€1.2m▲
Cash at bank and in hand54/58€0.3m€0.2m▼
Deferred charges and accrued income490/1€0.004m€0▼
Equity and liabilities
Total equity and liabilities10/49€6.2m€6.2m▲
Equity10/15€2.4m€3.1m▲
Contributions10/11€0.05m€0.05m=
Reserves13€2.2m€2.8m▲
Non-distributable reserves130/1€0.005m€0.005m=
Reserves not available under the articles1311€0.005m€0.005m=
Distributable reserves133€2.2m€2.8m▲
Investment grants15€0.2m€0.2m▼
Provisions and deferred taxes16€0.01m€0.01m▼
Deferred taxes168€0.01m€0.01m▼
Amounts payable17/49€3.7m€3.2m▼
Amounts payable after more than one year17€2.7m€2.2m▼
Financial debts170/4€2.7m€2.2m▼
Amounts payable within one year42/48€1.0m€0.9m▼
Current portion of amounts payable after more than one year42€0.5m€0.4m▼
Trade debts44€0.3m€0.2m▼
Suppliers440/4€0.3m€0.2m▼
Taxes, remuneration and social security45€0.1m€0.2m▲
Taxes450/3€0.1m€0.2m▲
Remuneration and social security454/9€0.03m€0.03m▲
Other amounts payable47/48€0.1m€0.1m▼
Accrued charges and deferred income492/3€0.03m€0.04m▲
Income statement Code20242025
Remuneration, social security and pensions62€0.4m€0.5m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.6m€0.6m▼
Other operating charges640/8€0.02m€0.02m▼
Gross operating margin9900€1.7m€2.0m▲
Operating profit (loss)9901€0.6m€0.9m▲
Financial income75/76B€0.07m€0.07m▲
Recurring financial income75€0.07m€0.07m▲
Financial charges65/66B€0.06m€0.05m▼
Recurring financial charges65€0.06m€0.05m▼
Profit (loss) for the period before taxes9903€0.6m€0.9m▲
Transfer from deferred taxes780€0.001m€0.001m=
Income taxes67/77€0.2m€0.3m▲
Profit (loss) for the period9904€0.4m€0.6m▲
Profit (loss) for the period to be appropriated9905€0.4m€0.6m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.4m€0.6m▲
Transfer to equity691/2€0.4m€0.6m▲
To other reserves6921€0.4m€0.6m▲
Social balance sheet
Average headcount (FTE)90878.311.1▲

The notes to these accounts have 15 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.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€0.3m€0.4m€0.4m€0.4m€0.5m▲ 10.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.3m€0.3m€0.3m€0.6m€0.6m€0.6m€0.6m▼ 2.9%
Other operating charges640/8---€0.01m€0.01m€0.02m€0.02m€0.02m▼ 0.4%
Gross operating margin9900€0.5m€0.8m€0.8m€1.1m€1.1m€1.4m€1.7m€2.0m▲ 19.5%
Operating profit (loss)9901€0.2m€0.2m€0.2m€0.5m€0.2m€0.4m€0.6m€0.9m▲ 48.2%
Financial income75/76B---€0.03m€0.06m€0.06m€0.07m€0.07m▲ 1.4%
Recurring financial income75€0.01m€0.03m€0.02m€0.03m€0.06m€0.06m€0.07m€0.07m▲ 1.4%
Financial charges65/66B---€0.04m€0.05m€0.05m€0.06m€0.05m▼ 9.5%
Recurring financial charges65€0.04m€0.05m€0.04m€0.04m€0.05m€0.05m€0.06m€0.05m▼ 9.5%
Profit (loss) for the period before taxes9903€0.1m€0.1m€0.2m€0.5m€0.2m€0.4m€0.6m€0.9m▲ 48.6%
Transfer from deferred taxes780---€0.001m€0.001m€0.002m€0.001m€0.001m=
Income taxes67/77€0.001m€0.001m€0.01m€0.01m€0.02m€0.05m€0.2m€0.3m▲ 50.3%
Profit (loss) for the period9904€0.1m€0.1m€0.1m€0.5m€0.2m€0.4m€0.4m€0.6m▲ 47.7%
Profit (loss) for the period to be appropriated9905€0.1m€0.1m€0.1m€0.5m€0.2m€0.4m€0.4m€0.6m▲ 47.7%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€2.5m€2.7m€2.6m€6.1m€6.7m€6.2m€6.2m€6.2m▲ 1.3%
Fixed assets21/28€2.0m€2.0m€1.9m€4.9m€4.9m€4.6m€4.4m€4.3m▼ 3.0%
Tangible fixed assets22/27€2.0m€2.0m€1.9m€4.9m€4.9m€4.6m€4.4m€4.3m▼ 3.3%
Land and buildings22---€3.6m€3.7m€3.5m€3.5m€3.3m▼ 4.1%
Plant, machinery and equipment23---€1.2m€1.1m€1.0m€0.9m€0.8m▼ 3.4%
Furniture and vehicles24---€0.03m€0.02m€0.09m€0.08m€0.1m▲ 35.8%
Financial fixed assets28€0.002m€0.002m€0.002m€0.003m€0.003m€0.003m€0.003m€0.02m▲ 453%
Current assets29/58€0.5m€0.8m€0.7m€1.3m€1.9m€1.6m€1.8m€2.0m▲ 12.0%
Stocks and contracts in progress3€0.4m€0.4m€0.2m€0.4m€0.6m€0.5m€0.3m€0.1m▼ 45.5%
Stocks30/36---€0.4m€0.6m€0.5m€0.3m€0.1m▼ 45.5%
Amounts receivable within one year40/41€0.02m€0.07m€0.02m€0.04m€0.4m€0.3m€0.3m€0.4m▲ 22.0%
Trade receivables40---€0.001m€0.4m€0.3m€0.3m€0.4m▲ 24.6%
Other amounts receivable41---€0.04m€0.005m€0.01m€0.007m€348▼ 95.0%
Current investments50/53--€0.001m€0.01m€0.3m€0.3m€0.9m€1.2m▲ 43.8%
Cash at bank and in hand54/58€0.1m€0.3m€0.5m€0.8m€0.5m€0.6m€0.3m€0.2m▼ 37.1%
Deferred charges and accrued income490/1---€0.005m€0.006m€0.006m€0.004m€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€2.5m€2.7m€2.6m€6.1m€6.7m€6.2m€6.2m€6.2m▲ 1.3%
Equity10/15€0.5m€0.7m€0.8m€1.3m€1.5m€2.0m€2.4m€3.1m▲ 25.3%
Contributions10/11€0.05m€0.05m-€0.05m€0.05m€0.05m€0.05m€0.05m=
Reserves13€0.4m€0.5m€0.7m€1.2m€1.4m€1.7m€2.2m€2.8m▲ 29.8%
Non-distributable reserves130/1---€0.005m€0.005m€0.005m€0.005m€0.005m=
Reserves not available under the articles1311---€0.005m€0.005m€0.005m€0.005m€0.005m=
Distributable reserves133---€1.2m€1.4m€1.7m€2.2m€2.8m▲ 29.9%
Investment grants15---€0.1m€0.09m€0.3m€0.2m€0.2m▼ 12.2%
Provisions and deferred taxes16€0.001m€0.006m€0.005m€0.006m€0.005m€0.01m€0.01m€0.01m▼ 12.1%
Deferred taxes168---€0.006m€0.005m€0.01m€0.01m€0.01m▼ 12.1%
Amounts payable17/49€2.0m€2.0m€1.8m€4.8m€5.2m€4.1m€3.7m€3.2m▼ 14.5%
Amounts payable after more than one year17€1.4m€1.5m€1.3m€4.0m€3.6m€3.2m€2.7m€2.2m▼ 18.7%
Financial debts170/4---€4.0m€3.6m€3.2m€2.7m€2.2m▼ 18.7%
Amounts payable within one year42/48€0.6m€0.5m€0.5m€0.7m€1.6m€0.9m€1.0m€0.9m▼ 4.5%
Current portion of amounts payable after more than one year42---€0.2m€0.9m€0.5m€0.5m€0.4m▼ 8.6%
Trade debts44€0.2m€0.05m€0.1m€0.4m€0.6m€0.3m€0.3m€0.2m▼ 22.7%
Suppliers440/4---€0.4m€0.6m€0.3m€0.3m€0.2m▼ 22.7%
Taxes, remuneration and social security45---€0.03m€0.07m€0.08m€0.1m€0.2m▲ 46.5%
Taxes450/3---€0.01m€0.06m€0.05m€0.1m€0.2m▲ 58.4%
Remuneration and social security454/9---€0.01m€0.007m€0.02m€0.03m€0.03m▲ 1.9%
Other amounts payable47/48---€0.2m€0.1m€0.1m€0.1m€0.1m▼ 1.5%
Accrued charges and deferred income492/3---€0.009m€0.007m€0.01m€0.03m€0.04m▲ 40.3%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.1m€0.1m€0.1m€0.5m€0.2m€0.4m€0.4m€0.6m▲ 47.7%
+ Depreciation and write-downs630€0.2m€0.3m€0.3m€0.3m€0.6m€0.6m€0.6m€0.6m▼ 2.9%
Operating cash flow (approximation)€0.3m€0.4m€0.4m€0.8m€0.8m€0.9m€1.0m€1.2m▲ 18.6%
Investment in fixed assets (approximation)--€0.3m-€0.2m-€3.2m-€0.6m-€0.3m-€0.4m-€0.4m▼ 4.5%
Change in cash-€0.2m€0.2m€0.4m-€0.3m€0.08m-€0.3m-€0.1m▲ 58.7%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 18 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 30-09-2026 2026-00534905 NBB
31-12-2024 abbreviated format 30-12-2025 2026-00000562 PDF
31-12-2023 abbreviated format 20-12-2024 2024-00622471 PDF
31-12-2022 abbreviated format 31-12-2023 2024-00541571 PDF
31-12-2021 abbreviated format 08-12-2022 2022-20537369 PDF
31-12-2020 abbreviated format 02-11-2021 2021-76600581 PDF
31-12-2019 abbreviated format 30-10-2020 2020-67500330 PDF
31-12-2018 abbreviated format 26-09-2019 2019-66400227 PDF
31-12-2017 abbreviated format 28-09-2018 2018-66800183 PDF
31-12-2016 abbreviated format 30-08-2017 2017-52200084 PDF

Show all 18 filings

Board & ownership

Directors

Directors
3 directors, no change since 2026
DEGEZELLE Laurien
Director (not named in the articles) · appointed in the act of 17-09-2026
Current
DEGEZELLE Randy
Director (not named in the articles) · appointed in the act of 17-09-2026
Current
DE BEVERE Nele
Director (not named in the articles) · appointed in the act of 17-09-2026 · listed in the 2025 annual accounts, filed on 30-09-2026
Current
Office holders in the KBO →
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 17-09-2026

Owners and capital

Capital transactions

Capital over time
  1. 17-09-2026 Converted to unavailable equity · €53,405

Mandate history

3 people, 3 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
DEGEZELLE Laurien
  • Director (not named in the articles), appointed in the act of 17-09-2026, still in office
DEGEZELLE Randy
  • Director (not named in the articles), appointed in the act of 17-09-2026, still in office
DE BEVERE Nele
  • Director, until 17-09-2026
  • Director (not named in the articles), appointed in the act of 17-09-2026, still in office
See the board, name and registered office on a given date →

Articles of association

Board and representation

Board ruleThese rules set how the board is made up, meets and takes decisions.
“Andersluidende beslissing van de algemene vergadering, onbezoldigd”

deed of 22-09-2026 (in Dutch)

Capital, shares and profit

Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
“Gelijk recht in winstverdeling en vereffeningsaldo, op naam”
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Zowel onder levenden als bij overlijden, instemming vereist van de algemene vergadering van de vennootschap bij elke overdracht van aandelen…”
“Voorkooprecht niet-beherende aandeelhouders, voorkooprecht beherende aandeelhouders niet uitgeoefend of aantal aandelen lager dan aangeboden”
“Goedkeuring door bestuursorgaan voor overdracht aan derde, voorkooprecht beherende en niet-beherende aandeelhouders niet uitgeoefend of…”
“Geboden door oorspronkelijke kandidaat-overnemer, aangetekend schrijven, gewone brief of e-mail mits wederzijds akkoord”
“Forfaitaire schadevergoeding gelijk aan waarde van prijs en modaliteiten geboden door kandidaat-overnemer, nietig en niet tegenstelbaar aan…”
“Aandeel kan in geen geval door rechtspersoon worden verkregen”
Profit allocationThe articles set how profit is distributed. A BV may only pay out after a balance-sheet and liquidity test.
“Bestuursorgaan, elk aandeel recht geeft op een gelijk aandeel in de winstverdeling”
“Verdeling bedrijfsresultaten, Het bestuursorgaan heeft de bevoegdheid om, binnen de grenzen van de artikelen 5:142 en 5:143 van het Wetboek…”

deed of 17-09-2026 (in Dutch)

Audit, dissolution and liquidation

Dissolution ruleThe articles set when and by whom the company can be dissolved.
“Beslissing algemene vergadering, vormen vereist voor statutenwijziging”

deed of 17-09-2026 (in Dutch)

Network & group

NERACO shares no director with another company.

Connections & network

3 current directors
Depth

The network starts from the directors of NERACO. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
30-09
NBB filing Annual accounts filedNBB
financial year 2025 · abbreviated format · 61 days late
22-09
Gazette deed Appointments: DEGEZELLE Randy (director) and DEGEZELLE Laurien (director)
Resignation: DE BEVERE Nele (director) · Reappointment: DE BEVERE Nele (director) · Correction6 points ▸
  • Correction, “start date of mandates for DEGEZELLE Randy and DEGEZELLE Laurien stated as 2026-07-01 instead of 2026-12-01, fifth decision of the extraordinary general meeting” (deed in Dutch)
  • Director appointment, DEGEZELLE Randy (director (not named in the articles))
  • Director appointment, DEGEZELLE Laurien (director (not named in the articles))
  • Director resignation, DE BEVERE Nele (director)
  • Director reappointment, DE BEVERE Nele (director (not named in the articles))
  • Declaration, “no management ban, er tegen haar geen bestuursverbod werd uitgesproken” (deed in Dutch)

Open the act in the Belgian Official Gazette

17-09
Gazette deed Appointments: DEGEZELLE Randy, DEGEZELLE Laurien and DE BEVERE Nele
Resignation: DE BEVERE Nele (director) · Amendment of the articles · Capital conversion13 points ▸
  • General meeting, 14-09-2026
  • Amendment of the articles, mentioned 2 times in the deed
  • Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
  • Reserve release, “opheffen van de statutair onbeschikbare eigen vermogensrekening, middelen beschikbaar maken voor uitkering” (deed in Dutch)
  • Purpose change
  • Other provision, “ontslaan van de voorzitter van het voorlezen van het verslag, alle aandeelhouders erkennen afschrift van het verslag te hebben ontvangen en er kennis van te heb…” (deed in Dutch)
  • Other provision, “goedkeuring van het verslag van het bestuursorgaan, geen opmerkingen geformuleerd” (deed in Dutch)
  • Director appointment, DEGEZELLE Randy (director (not named in the articles))
  • Director appointment, DEGEZELLE Laurien (director (not named in the articles))
  • Director resignation, DE BEVERE Nele (director)
  • Director appointment, DE BEVERE Nele (director (not named in the articles))
  • Power of attorney
  • The act holds 1 more point.

Open the act in the Belgian Official Gazette

2025
31-12
Financial Highest result from 2018 to 2025net €645,891 ▲47.7%
The operating result of €903,950 and the net result of €645,891 are both a record.
30-12
NBB filing Annual accounts filedPDF
financial year 2024 · abbreviated format · 152 days late
2024
20-12
NBB filing Annual accounts filedPDF
financial year 2023 · abbreviated format · 142 days late
2023
31-12
Financial Equity above €2mequity €2.0m ▲36.1%
With a profit in every financial year since 2018, equity grows to €2.0m.
31-12
NBB filing Annual accounts filedPDF
financial year 2022 · abbreviated format · 153 days late
2022
08-12
NBB filing Annual accounts filedPDF
financial year 2021 · abbreviated format · 130 days late
2021
31-12
Financial Equity above €1mequity €1.3m ▲59.8%
With a profit in every financial year since 2018, equity grows to €1.3m.
02-11
NBB filing Annual accounts filedPDF
financial year 2020 · abbreviated format · 94 days late
2020
30-10
NBB filing Annual accounts filedPDF
financial year 2019 · abbreviated format · 91 days late
Show earlier events
2019
31-12
Financial Equity above €500,000equity €697,033 ▲48.4%
With a profit in every financial year since 2018, equity grows to €697,033.
26-09
NBB filing Annual accounts filedPDF
financial year 2018 · abbreviated format · 57 days late
2018
28-09
NBB filing Annual accounts filedPDF
financial year 2017 · abbreviated format · 59 days late
2017
30-08
NBB filing Annual accounts filedPDF
financial year 2016 · abbreviated format · 30 days late

Show all 18 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

NERACO was incorporated on 18 June 2007.1 The board currently has 3 members.2 Total assets rose from €2.5m in 2018 to €6.2m in 2025 and headcount from 6.6 to 11.1 full-time equivalents.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2025
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Register details

Identity

KBO record
Name NERACO in Dutch
Enterprise number 0890.130.792
Legal form Private limited company
Status Active, normale toestand
Founded 18-06-2007
Entity type Legal entity
Name clauseThe company operates under this name according to its articles.
NERACO
deed of 17-09-2026 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Zetel niet langer statutair bepalen”
deed of 17-09-2026 (in Dutch)

Registered office and establishments

Registered office Veldstraat 108, 8760 Tielt, Belgium
Establishments 1 establishment unit since 2007

Activities

NACEBEL 2025
01240 Growing of pome and stone fruits main activity
01250 Crop and animal production, hunting and related service activities main activity
46220 Wholesale trade
47210 Retail sale of fruit and vegetables
PurposeThe purpose describes the activities the company may carry out under its articles.
“Alle installaties, handelsfondsen, vergunningen, octrooien, licenties, fabrieksmerken en overige immateriële activa, aankopen, verkopen en…”
14 activities
  1. Alle installaties, handelsfondsen, vergunningen, octrooien, licenties, fabrieksmerken en overige immateriële activa, aankopen, verkopen en ruilen, in huur nemen en verhuren; commercialiseren en exploiteren; in concessie nemen en in concessie geven.
  2. Advies, bijstand en know-how verlenen, en het uitvoeren van alle onderzoeken en studies in alle domeinen waarin zij competent is, zoals marketing, promotie, ontwikkeling, research, design, handel en productie, secretariaat, bedrijfs- en financieel beheer, administratieve organisatie, inrichting, planning en bestuur van ondernemingen, en al wat daarmee rechtstreeks en onrechtstreeks verband houdt.
  3. Computerprogrammering, consultancy en aanverwante activiteiten.
  4. Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het oordeelkundig beheer, uitbreiding, verfraaiing en transformatie van een onroerend patrimonium zoals: - Onroerende goederen aanwerven, laten bouwen, laten opschikken, laten uitrusten, ombouwen, in huur geven of nemen, verkavelen en uitbaten, urbaniseren, vervreemden en ruilen met het oog op beheer, wederbelegging en opbrengst; - Beschikbare middelen beleggen in alle roerende goederen en waarden, een portefeuille van roerende waarden beheren, en dienaangaande aankopen en verkopen verrichten zonder speculatief karakter; - Ondernemingen in roerende en onroerende goederen, en het optreden als makelaar of bouwpromotor in de meest ruime zin, alle bemiddeling, dienstverlening en service bij verrichtingen van roerende en onroerende aard, verzekeringen, leasing, financieringen, leningen en alle kredietverstrekkingen; borgstellingen.
  5. Dit alles ter uitsluiting van de activiteiten inzake beleggingsadvies en vermogensbeheer die aan een wettelijk erkenning- en inschrijvingsregime onderworpen zijn, en van de activiteiten als vastgoedmakelaar, alles zoals bepaald in de regelgeving terzake, voor zoverre daartoe géén erkenning en inschrijving werd bekomen.
  6. De vertegenwoordiging van Belgische en buitenlandse ondernemingen die rechtstreeks of onrechtstreeks betrekking hebben op de hierboven vermelde activiteiten.
  7. De coördinatie van alle aannemingen en onderaannemingen uitgevoerd door onderaannemers.
  8. De studie en de realisatie van alle handels-, financiële, technische- industriële, roerende en onroerende goederen.
  9. Alle aankoop, verkoop, trading in de ruimste zin van het woord, fabricatie, invoer, uitvoer, agentuur, commissiehandel, verhuring, herstelling, plaatsing, vertegenwoordiging en ruiling van alle handelsgoederen in de meest uitgebreide zin.
  10. Deze aanwijzing en opsomming is niet beperkend, doch enkel van aanwijzende aard.
  11. De vennootschap zal alle burgerlijke, industriële, commerciële, financiële roerende en onroerende handelingen mogen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp, die van aard zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden, en die daartoe noodzakelijk, nuttig of zelfs alleen maar bevorderend zijn.
  12. De vennootschap mag daarenboven belangen nemen, hetzij door deelneming, inbreng of elke wijze in alle vennootschappen, ondernemingen, economische samenwerkingsverbanden, beroepsverenigingen of groeperingen, bestaande of op te richten, zowel in België als in het buitenland, die een gelijkluidend, aanvullend of soortgelijk voorwerp nastreven, of die van aard zijn de ontwikkeling van haar onderneming te bevorderen.
  13. De vennootschap is bevoegd deel te nemen, onder gelijk welke vorm, aan de oprichting, uitbreiding, omzetting, fusie, opslorping, het bestuur en de controle van ondernemingen met gelijkaardige, aanverwante of aanvullende activiteiten. Ze kan alle hulp verlenen aan ondernemingen waarin ze belang stelt onder meer in de vorm van leningen, voorschotten of borgstellingen, alsook bij wijze van bijstand inzake bestuur en/of administratie. De vennootschap mag bijgevolg optreden als bestuurder of vereffenaar in andere vennootschappen, borgstellen voor derden, bestuurders en aandeelhouders, evenals hun leningen, voorschotten en kredieten toestaan, behoudens de wettelijke beperkingen terzake.
  14. Ondergeschikte orde

The full purpose is in the deed

deed of 17-09-2026 (in Dutch)

Invoicing and payment

VAT number BE 0890.130.792
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0890130792
Registered 27-03-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 1 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of May at 20:00
deed of 17-09-2026 (in Dutch)
Agenda ruleThe articles set how the agenda is fixed and who may add items to it.
“Alle algemene vergaderingen mogen alleen beslissen over de voorstellen die zijn opgenomen in de agenda, behalve als alle personen die moeten…”
deed of 17-09-2026 (in Dutch)
Proxy ruleThe articles set whether a shareholder may be represented at the meeting by someone else.
“Ten laatste één (1) dag vóór de dag van de algemene vergadering, Een verleende volmacht blijft geldig voor elke volgende algemene…”
deed of 17-09-2026 (in Dutch)
Voting ruleThe articles set which majority the meeting decides by, for example a simple or a special majority.
“1, kan de bevoegdheden die aan de algemene vergadering zijn toegekend alleen uitoefenen”
deed of 17-09-2026 (in Dutch)

Recognitions · licences · registrations

Food safety, FASFC

1 site
Tieltunit number 2.163.260.643
2 permissions
Authorisation · Detailhandel met verwerking · since 01-07-2024
Fruitteeltbedrijf · since 24-07-2009

Environmental permits

4 applications in Flanders since 2020 · 2 granted · 1 under review
Bouwen of herbouwen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Verwijderen van vrijstaande gebouwen
Under reviewsubmitted 21-10-2026authority: Lichterveldeproject 2026066963
Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen
Granted on 15-04-2026submitted 03-12-2025authority: Tieltproject 2025146378
Bouwen of herbouwen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen
Discontinued on 25-08-2025submitted 08-04-2025authority: Tieltproject 2024154353
Bouwen of herbouwen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie
Granted on 08-03-2021submitted 14-07-2020authority: Tieltproject 2020087982

Source: Omgevingsloket Vlaanderen.

Sites & property

Location
registered office establishment The establishment unit on the map
4 companies at this address See who is registered here
1 establishment unit
Veldstraat 108, 8760 Tielt
Growing of pome and stone fruits
since 2007unit number 2.163.260.643

Buildings and parcels at the address

Ground area
8,301 m²
Building footprint
187 m²
Building volume
14 m³
Parcel 37007A0898/00H000, Flanders · tallest building 2.5 m.
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
37007A0898/00H000 Flanders 8,301 m² 1 · 187 m² 2.5 m

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