NERDON
Bankruptcy closedInactive since 10-06-2026; last annual accounts for fiscal year 2022.
Summary
NERDON was declared bankrupt on 09-04-2024 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 09-06-2026, published in the Belgian State Gazette on 15-06-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 25-04-2023, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
5 d early
2021
19 d early
2020
3 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? This is how you file your claim.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Manufacture of chemicals and chemical products sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€57,995▼ 3.4%
2021 · €60,065
Total assets
€221,519▼ 52.2%
2021 · €463,334
Net result
-€2,070▲ 75.4%
2021 · -€8,413
Working capital
€73,831
2021 · -€154,037
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€16,180-€1,740▼ 89.2%€22,646▲ 1,202%€108▼ 99.5%€2,538▲ 2,241%
Net result€7,255--€8,110€11,596-€8,413-€2,070▲ 75.4%
Equity€64,992-€56,882▼ 12.5%€68,478▲ 20.4%€60,065▼ 12.3%€57,995▼ 3.4%
Total assets€479,717-€448,918▼ 6.4%€444,296▼ 1.0%€463,334▲ 4.3%€221,519▼ 52.2%
Debt€414,725-€392,036▼ 5.5%€375,818▼ 4.1%€403,269▲ 7.3%€163,524▼ 59.5%
Working capital-€106,197--€101,045▲ 4.9%-€96,618▲ 4.4%-€154,037▼ 59.4%€73,831
Staff (FTE)0.8-0.6▼ 25.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 2,241% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €172,944
Fixed assets
€33,460 ▼ 89.5%
Current assets
€139,484 ▼ 3.1%
Equity and liabilities €221,519
Equity
€57,995 ▼ 3.4%
Debt
€163,524 ▼ 59.5%
Debt's share of the balance-sheet total falls from 87.0% to 73.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,863▲
2021 · €9,432
Cash flow
€7,256▲
2021 · €910
Current ratio
2.12▲
2021 · 0.48
Quick ratio
0.94▲
2021 · 0.24
Debt to equity
2.82▼
2021 · 6.71
ROE
-3.6%▲
2021 · -14.0%
ROA
-0.9%▲
2021 · -1.8%
Interest coverage
1.11▼
2021 · 1.11
Debt ≤ 1 year
€65,653▼
2021 · €297,936
Debt > 1 year
€97,870▲
2021 · €90,365
Income taxes
€98▼
2021 · €174
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 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,402 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,817 | €9,597 | €9,138 | €9,323 | €9,325 | = |
| Other operating charges640/8 | - | - | - | €6,376 | €1,633 | ▼ 74.4% |
| Operating charges capitalised as restructuring costs649 | - | - | - | - | -€10,000 | - |
| Gross operating margin9900 | €51,651 | €27,621 | €35,355 | €15,808 | €3,496 | ▼ 77.9% |
| Operating profit (loss)9901 | €16,180 | €1,740 | €22,646 | €108 | €2,538 | ▲ 2,241% |
| Financial income75/76B | - | - | - | €128 | €6,162 | ▲ 4,726% |
| Recurring financial income75 | €54 | €75 | €129 | €128 | €6,162 | ▲ 4,726% |
| Financial charges65/66B | - | - | - | €8,475 | €10,671 | ▲ 25.9% |
| Recurring financial charges65 | €8,471 | €9,487 | €10,827 | €8,475 | €10,671 | ▲ 25.9% |
| Profit (loss) for the period before taxes9903 | €7,763 | -€7,672 | €11,948 | -€8,239 | -€1,971 | ▲ 76.1% |
| Income taxes67/77 | €508 | €438 | €352 | €174 | €98 | ▼ 43.5% |
| Profit (loss) for the period9904 | €7,255 | -€8,110 | €11,596 | -€8,413 | -€2,070 | ▲ 75.4% |
| Profit (loss) for the period to be appropriated9905 | €7,255 | -€8,110 | €11,596 | -€8,413 | -€2,070 | ▲ 75.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €479,717 | €448,918 | €444,296 | €463,334 | €221,519 | ▼ 52.2% |
| Formation expenses20 | €1,902 | €1,640 | €1,378 | €1,115 | €48,575 | ▲ 4,256% |
| Fixed assets21/28 | €345,030 | €335,695 | €326,819 | €318,320 | €33,460 | ▼ 89.5% |
| Intangible fixed assets21 | €64,348 | €55,473 | €46,597 | €37,721 | €28,846 | ▼ 23.5% |
| Tangible fixed assets22/27 | €280,682 | €280,223 | €280,223 | €280,599 | €189 | ▼ 99.9% |
| Land and buildings22 | - | - | - | €280,223 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €376 | €189 | ▼ 49.7% |
| Financial fixed assets28 | - | - | - | - | €4,425 | - |
| Current assets29/58 | €132,785 | €111,583 | €116,099 | €143,899 | €139,484 | ▼ 3.1% |
| Stocks and contracts in progress3 | €77,642 | €67,887 | €68,189 | €71,871 | €78,079 | ▲ 8.6% |
| Stocks30/36 | - | - | - | €71,871 | €78,079 | ▲ 8.6% |
| Amounts receivable within one year40/41 | €43,636 | €37,116 | €39,404 | €45,737 | €47,015 | ▲ 2.8% |
| Trade receivables40 | - | - | - | €45,721 | €32,564 | ▼ 28.8% |
| Other amounts receivable41 | - | - | - | €15 | €14,451 | ▲ 93,437% |
| Cash at bank and in hand54/58 | €9,625 | €5,092 | €7,090 | €24,030 | €13,638 | ▼ 43.2% |
| Deferred charges and accrued income490/1 | - | - | - | €2,260 | €752 | ▼ 66.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €479,717 | €448,918 | €444,296 | €463,334 | €221,519 | ▼ 52.2% |
| Equity10/15 | €64,992 | €56,882 | €68,478 | €60,065 | €57,995 | ▼ 3.4% |
| Contributions10/11 | €188,600 | €188,600 | - | €188,600 | €188,600 | = |
| Profit (loss) carried forward14 | -€123,608 | -€131,718 | -€120,122 | -€128,535 | -€130,605 | ▼ 1.6% |
| Amounts payable17/49 | €414,725 | €392,036 | €375,818 | €403,269 | €163,524 | ▼ 59.5% |
| Amounts payable after more than one year17 | €175,556 | €174,041 | €160,674 | €90,365 | €97,870 | ▲ 8.3% |
| Financial debts170/4 | - | - | - | €90,365 | €97,870 | ▲ 8.3% |
| Amounts payable within one year42/48 | €238,982 | €212,629 | €212,717 | €297,936 | €65,653 | ▼ 78.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,914 | €7,494 | ▲ 157% |
| Financial debts43 | - | - | - | €215,000 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €215,000 | €0 | ▼ 100% |
| Trade debts44 | €48,736 | €42,576 | €42,873 | €44,402 | €23,279 | ▼ 47.6% |
| Suppliers440/4 | - | - | - | €44,402 | €23,279 | ▼ 47.6% |
| Advances received on contracts in progress46 | - | - | - | €4,901 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €30,417 | €32,684 | ▲ 7.5% |
| Taxes450/3 | - | - | - | €30,417 | €32,684 | ▲ 7.5% |
| Other amounts payable47/48 | - | - | - | €301 | €2,196 | ▲ 628% |
| Accrued charges and deferred income492/3 | - | - | - | €14,968 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,255 | -€8,110 | €11,596 | -€8,413 | -€2,070 | ▲ 75.4% |
| + Depreciation and write-downs630 | €9,817 | €9,597 | €9,138 | €9,323 | €9,325 | = |
| Operating cash flow (approximation) | €17,072 | €1,487 | €20,734 | €910 | €7,256 | ▲ 697% |
| Investment in fixed assets (approximation) | - | -€262 | -€262 | -€824 | €275,535 | ▲ 33,552% |
| Change in cash | - | -€4,533 | €1,998 | €16,941 | -€10,393 | ▼ 161% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
15-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 09-06-2026
2024
15-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 09-04-2024
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity quadruplescurrent ratio 2.12
Current ratio from 0.48 to 2.12; short-term debt falls from €297,936 to €65,653.
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet -€8,413
Net result drops to -€8,413, the lowest in the series.
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €11,596
Net result €11,596 after one loss-making year.
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Show earlier events
2016
29-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
03-04
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Ingelmunster
Ground area
603 m²
Building footprint
339 m²
Volume, LiDAR
4 m³
Parcel 36007B1726/00B000, Flanders · tallest building 0.8 m. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007B1726/00B000 | Flanders | 603 m² | 1 · 339 m² | 0.8 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VIRGINIE BAILLEUL PRINSESSESTRAAT 103,
8870 IZEGEM |
09-04-2024 → 09-06-2026 |
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Of 156 companies in sector 20411 we hold annual accounts for 45. 20 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-12-2010
Fiscal year end30-09
Activities, NACEBEL 2025
20411Manufacture of chemicals and chemical products
Scores and ratios are computed by Checked and are not a credit decision.