NERF interieur
ActiveSummary
NERF interieur has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €250,864 and a net result of €108,233. Equity is growing by ~38.6% per year across the filed fiscal years. Its solvency ranks better than 32% of 8061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
What they do
Joinery installation
NACE 43320
1 site
How big
€842,418total assets 2025
- Staff
- 2.5 FTE
- Equity
- €250,864
- Profit
- €108,233
Turnover not published (abridged schema)
Who decides
Accounts filed 7 d late0 of 4 deeds read
Why 74- Higher-failure-rate sector+ Annual accounts: healthy financial profileA punctual record breaksShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+4
Solvency55▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 2.28 against 2.45 in 2024; short-term debt: 18.5% and cash: 31.5% of total assets), but 70.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.8%
Return on assets
12.8%
Age of the figures
12 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-05-2026, 7 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
7 d late
2024
26 d early
2023
35 d early
2022
30 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 21 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 2 April (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Highest result since 2022net €108,233 ▲56.4%
- Equity above €200,000Eq €250,864 ▲30.2%
Financials
Fiscal year 2025Total assets €842,418Profit €108,233Solvency 29.8%Liquidity 2.28
Total assets
€842,418▲ 17.4%
2022 - 2025
Net result
€108,233▲ 56.4%
2022 - 2025
Equity
€250,864▲ 30.2%
2022 - 2025
Staff (FTE)
2.5▲ 38.9%
2022 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€28,672-€72,645▲ 153%€107,106▲ 47.4%€166,303▲ 55.3%
Net result€20,620within the sector's middle half-€53,123within the sector's middle half▲ 158%€69,182within the sector's middle half▲ 30.2%€108,233above the sector's middle half▲ 56.4%
Equity€97,826within the sector's middle half-€123,449within the sector's middle half▲ 26.2%€192,631within the sector's middle half▲ 56.0%€250,864within the sector's middle half▲ 30.2%
Total assets€276,352within the sector's middle half-€320,709below the sector's middle half▲ 16.1%€717,475within the sector's middle half▲ 124%€842,418within the sector's middle half▲ 17.4%
Debt€178,526-€197,260▲ 10.5%€524,844▲ 166%€591,554▲ 12.7%
Working capital€63,617within the sector's middle half-€100,828within the sector's middle half▲ 58.5%€159,862within the sector's middle half▲ 58.5%€198,815within the sector's middle half▲ 24.4%
Solvency35.4%within the sector's middle half-38.5%within the sector's middle half▲ 3.1pp26.8%within the sector's middle half▼ 11.6pp29.8%within the sector's middle half▲ 2.9pp
Current ratio1.86within the sector's middle half-2.01within the sector's middle half▲ 0.152.45within the sector's middle half▲ 0.442.28within the sector's middle half▼ 0.18
Return on assets (ROA)7.5%within the sector's middle half-16.6%above the sector's middle half▲ 9.1pp9.6%within the sector's middle half▼ 6.9pp12.8%within the sector's middle half▲ 3.2pp
Staff (FTE)0.7-1.8below the sector's middle half▲ 157%1.8below the sector's middle half=2.5within the sector's middle half▲ 38.9%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €842,418
Fixed assets
€487,762 ▲ 9.0%
Current assets
€354,656 ▲ 31.4%
Equity and liabilities €842,418
Equity
€250,864 ▲ 30.2%
Debt
€591,554 ▲ 12.7%
Debt's share of the balance-sheet total falls from 73.2% to 70.2%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€209,292▲
2024 · €173,916
Cash flow
€151,222▲
2024 · €135,992
Quick ratio
2.23▼
2024 · 2.40
Debt to equity
2.36▼
2024 · 2.72
ROE
43.1%▲
2024 · 35.9%
Interest coverage
11.50▲
2024 · 10.20
Debt ≤ 1 year
€155,842▲
2024 · €110,097
Debt > 1 year
€316,321▼
2024 · €320,151
Income taxes
€43,203▲
2024 · €23,980
Staff costs
€134,815▲
2024 · €84,741
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €33,290 | €78,378 | €84,741 | €134,815 | ▲ 59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,396 | €29,603 | €66,810 | €42,989 | ▼ 35.7% |
| Other operating charges640/8 | €1,210 | €2,154 | €1,898 | €2,179 | ▲ 14.8% |
| Non-recurring operating charges66A | - | - | €4,217 | - | - |
| Gross operating margin9900 | €90,568 | €182,780 | €264,772 | €346,286 | ▲ 30.8% |
| Operating profit (loss)9901 | €28,672 | €72,645 | €107,106 | €166,303 | ▲ 55.3% |
| Financial income75/76B | €1,351 | €1,869 | €3,112 | €3,330 | ▲ 7.0% |
| Recurring financial income75 | €1,351 | €1,869 | €3,112 | €3,330 | ▲ 7.0% |
| Financial charges65/66B | €2,536 | €3,294 | €17,057 | €18,196 | ▲ 6.7% |
| Recurring financial charges65 | €2,536 | €3,294 | €17,057 | €18,196 | ▲ 6.7% |
| Profit (loss) for the period before taxes9903 | €27,487 | €71,220 | €93,161 | €151,436 | ▲ 62.6% |
| Income taxes67/77 | €6,867 | €18,097 | €23,980 | €43,203 | ▲ 80.2% |
| Profit (loss) for the period9904 | €20,620 | €53,123 | €69,182 | €108,233 | ▲ 56.4% |
| Profit (loss) for the period to be appropriated9905 | €20,620 | €53,123 | €69,182 | €108,233 | ▲ 56.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €276,352 | €320,709 | €717,475 | €842,418 | ▲ 17.4% |
| Fixed assets21/28 | €138,476 | €119,989 | €447,516 | €487,762 | ▲ 9.0% |
| Intangible fixed assets21 | €2,774 | €2,448 | €760 | €1,348 | ▲ 77.4% |
| Tangible fixed assets22/27 | €133,602 | €115,441 | €446,357 | €486,014 | ▲ 8.9% |
| Land and buildings22 | - | - | €283,574 | €287,705 | ▲ 1.5% |
| Plant, machinery and equipment23 | €57,763 | €48,094 | €99,647 | €145,971 | ▲ 46.5% |
| Furniture and vehicles24 | €4,155 | €6,592 | €9,671 | €5,979 | ▼ 38.2% |
| Leasing and similar rights25 | €14,116 | €6,417 | - | - | - |
| Other tangible fixed assets26 | €57,568 | €54,338 | €53,465 | €46,359 | ▼ 13.3% |
| Financial fixed assets28 | €2,100 | €2,100 | €400 | €400 | = |
| Current assets29/58 | €137,876 | €200,720 | €269,959 | €354,656 | ▲ 31.4% |
| Stocks and contracts in progress3 | €8,010 | €8,511 | €6,188 | €7,173 | ▲ 15.9% |
| Stocks30/36 | €8,010 | €8,511 | €6,188 | €7,173 | ▲ 15.9% |
| Amounts receivable within one year40/41 | €25,627 | €68,256 | €109,605 | €51,741 | ▼ 52.8% |
| Trade receivables40 | €23,757 | €68,256 | €95,018 | €51,741 | ▼ 45.5% |
| Other amounts receivable41 | €1,870 | - | €14,588 | - | - |
| Current investments50/53 | - | - | €22,000 | €30,000 | ▲ 36.4% |
| Cash at bank and in hand54/58 | €103,359 | €123,474 | €120,937 | €264,998 | ▲ 119% |
| Deferred charges and accrued income490/1 | €880 | €479 | €11,228 | €744 | ▼ 93.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €276,352 | €320,709 | €717,475 | €842,418 | ▲ 17.4% |
| Equity10/15 | €97,826 | €123,449 | €192,631 | €250,864 | ▲ 30.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €77,500 | €102,500 | €170,000 | €220,000 | ▲ 29.4% |
| Distributable reserves133 | €77,500 | €102,500 | €170,000 | €220,000 | ▲ 29.4% |
| Profit (loss) carried forward14 | €1,726 | €2,349 | €4,031 | €12,264 | ▲ 204% |
| Amounts payable17/49 | €178,526 | €197,260 | €524,844 | €591,554 | ▲ 12.7% |
| Amounts payable after more than one year17 | €69,011 | €52,947 | €320,151 | €316,321 | ▼ 1.2% |
| Financial debts170/4 | €69,011 | €52,947 | €320,151 | €316,321 | ▼ 1.2% |
| Amounts payable within one year42/48 | €74,259 | €99,892 | €110,097 | €155,842 | ▲ 41.5% |
| Current portion of amounts payable after more than one year42 | €17,168 | €16,064 | €30,822 | €39,500 | ▲ 28.2% |
| Trade debts44 | €17,950 | €5,942 | €29,975 | €27,101 | ▼ 9.6% |
| Suppliers440/4 | €17,950 | €5,942 | €29,975 | €27,101 | ▼ 9.6% |
| Taxes, remuneration and social security45 | €17,021 | €31,998 | €17,510 | €34,612 | ▲ 97.7% |
| Taxes450/3 | €11,124 | €21,797 | €10,950 | €23,615 | ▲ 116% |
| Remuneration and social security454/9 | €5,897 | €10,201 | €6,560 | €10,997 | ▲ 67.6% |
| Other amounts payable47/48 | €22,120 | €45,888 | €31,790 | €54,629 | ▲ 71.8% |
| Accrued charges and deferred income492/3 | €35,256 | €44,421 | €94,596 | €119,392 | ▲ 26.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,620 | €53,123 | €69,182 | €108,233 | ▲ 56.4% |
| + Depreciation and write-downs630 | €27,396 | €29,603 | €66,810 | €42,989 | ▼ 35.7% |
| Operating cash flow (approximation) | €48,016 | €82,726 | €135,992 | €151,222 | ▲ 11.2% |
| Investment in fixed assets (approximation) | - | -€11,116 | -€394,337 | -€83,235 | ▲ 78.9% |
| Change in cash | - | €20,115 | -€2,537 | €144,061 | ▲ 5,779% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
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VPV CONSTRUCT
BE 0673.555.627
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ANCHI
BE 0645.703.462
Houthalen-Helchteren · Eq €251,070
Algemene Schrijnwerken Kristof De Cocker
BE 0524.850.469
Gent · Eq €251,086
Of 20,017 companies in this sector we hold annual accounts for 9,142. 7,136 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
8 eventsLatest 07-05-2026Next filing 30-04-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 7 days late
2025
30-09
Financial
Highest result since 2022net €108,233 ▲56.4%
Operating result €166,303, net result €108,233, both a record.
30-09
Financial
Equity above €200,000Eq €250,864 ▲30.2%
4 profitable years in a row build equity to €250,864.
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €150,000Eq €192,631 ▲56%
3 profitable years in a row build equity to €192,631.
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €100,000Eq €123,449 ▲26.2%
2 profitable years in a row build equity to €123,449.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Support & recognitions
1 funding sourceFlanders €13,013
Flemish government
€13,013
awarded · 2024 - 2025
Subsidies and aid
Flemish government
2024 to 2025 · 4 entries · €13,013 awarded · €12,488 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €3,180 | €2,655 |
| 2024 | 3 | €9,833 | €9,833 |
Company details
Private limited company · founded 04-10-2016Year ends 30-09Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded04-10-2016
Fiscal year end30-09
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0663747640
Also
9925:BE0663747640
Registered
26-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Hoogstraten · 1 establishment unit since 2016
Ground area
1,029 m²
Building footprint
215 m²
Volume, LiDAR
931 m³
Parcel 13051A0223/00W002, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NERF
since 2016unit no. 2.257.629.072
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13051A0223/00W002 | Flanders | 1,029 m² | 1 · 215 m² | 6.1 m · 1 fl. |
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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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