NERFA SERVICES
ActiveSummary
NERFA SERVICES has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€7,659) and a net result of -€10,932. The computed 12-month bankruptcy probability is 1.4% (low).
Overview
- Equity
- -€7,659
- Loss
- -€10,932
Why 53raises riskCapped at 59: negative equityNegative equity -€7,659Founded in 2023lowers riskLiquidity: current ratio 0.26, cash €2,694, halvedSize: total assets €2,694Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 6% on solvency, 52% on liquidity, 6% on profitability and 2% on growth.
The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 27 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: MUGISHA Angélique (director) ·…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00494685.
2024 to 2025, 2 financial years
The operating result turns negative in 2025: a loss of €9,497 after €1,336 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.9% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,639 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,386 | - | - |
| Other operating charges640/8 | €411 | €7,696 | ▲ 19× |
| Gross operating margin9900 | €3,133 | -€1,801 | - |
| Operating profit (loss)9901 | €1,336 | -€9,497 | - |
| Financial charges65/66B | €63 | €45 | ▼ 28.6% |
| Recurring financial charges65 | €63 | €45 | ▼ 28.6% |
| Profit (loss) for the period before taxes9903 | €1,273 | -€9,542 | - |
| Income taxes67/77 | - | €1,390 | - |
| Profit (loss) for the period9904 | €1,273 | -€10,932 | - |
| Profit (loss) for the period to be appropriated9905 | €1,273 | -€10,932 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €10,682 | €2,694 | ▼ 74.8% |
| Current assets29/58 | €10,682 | €2,694 | ▼ 74.8% |
| Amounts receivable within one year40/41 | €2,089 | - | - |
| Trade receivables40 | €2,089 | - | - |
| Cash at bank and in hand54/58 | €8,593 | €2,694 | ▼ 68.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €10,682 | €2,694 | ▼ 74.8% |
| Equity10/15 | €3,273 | -€7,659 | - |
| Contributions10/11 | €2,000 | €2,000 | = |
| Capital10 | €2,000 | €2,000 | = |
| Issued capital100 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €1,273 | -€9,659 | - |
| Amounts payable17/49 | €7,409 | €10,353 | ▲ 39.7% |
| Amounts payable within one year42/48 | €7,409 | €10,353 | ▲ 39.7% |
| Taxes, remuneration and social security45 | €3,314 | €5,058 | ▲ 52.6% |
| Taxes450/3 | €994 | - | - |
| Remuneration and social security454/9 | €2,320 | €5,058 | ▲ 118% |
| Other amounts payable47/48 | €4,095 | €5,295 | ▲ 29.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €1,273 | -€10,932 | - |
| + Depreciation and write-downs630 | €1,386 | - | - |
| Operating cash flow (approximation) | €2,659 | -€10,932 | - |
| Change in cash | - | -€5,899 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-08-2026 | 2026-00494685 |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00473303 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MUGISHA Angélique |
|
Owners and capital
Capital and shareholders
- MUGISHA Angélique sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 15-09-2023 Incorporation · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
15-09
Gazette deed
IncorporationAppointment: MUGISHA Angélique (director) · Founder · Founding capital7 facts ▸
- Incorporation, “NERFA SERVICES” (deed in Dutch)
- Founder, MUGISHA Angélique
- Founding capital
- Bank account, “storting inbrengen”, EUR (deed in Dutch)
- Registered office clause, “2640 MORTSEL,Mortselveldenlaan 8” (deed in Dutch)
- Board rule, 1
- Director appointment, MUGISHA Angélique (director (not named in the articles))
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11513C0252/00R012 | Flanders | 724 m² | 1 · 121 m² | 3.3 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Activiteiten op het gebied van de menselijke gezondheid; Het organiseren van een ondersteunende dienst voor gezinnen en ouderen en het…” (deed in Dutch)
32 activities (deed in Dutch)
- Activiteiten op het gebied van de menselijke gezondheid;
- Het organiseren van een ondersteunende dienst voor gezinnen en ouderen en het tijdelijk ter beschikking stellen van gezins- en seniorenhelpers aan gezinnen of geïsoleerde personen om hen bij te staan of te vervangen in de vervulling van hun gezinstaken en in het huishouden;
- Het creëren en organiseren van huishoudelijke hulp en ondersteunende diensten voor ouderen,zieken,gehandicapten en/of hulpbehoevenden;
- Het coördineren van de thuiszorg en -diensten,het verlenen van mensen wier ziekte,handicap,leeftijd,isolement of afhankelijkheid hen tijdelijk of permanent de autonomie ontneemt die nodig is om hun gezondheidstoestand of hun sociale contacten in het kader van hun woning te behouden of te herstellen;
- Het creëren of aanmoedigen van de oprichting van een dienst die de mogelijkheden van thuisondersteuning voor de bovengenoemde personen kan verbeteren;
- Het bevorderen van contacten en uitwisselingen tussen gezondheidspartners in brede zin;
- Het verlenen van zorg aan huis of bij de patiënt(en);
- Het verlenen van zorg in de praktijk van de verpleegkundig specialist;
- De dienst thuis of in een gemeenschapswoning,tijdelijk of permanent of in herstellingsoorden,voor gehandicapten;
- Dienstverlenging in een dagcentrum voor ouderen;
- Dienstverlening in een ziekenhuiscentrum;
- Het vervoer van patiënten naar ziekenhuizen,gezondheidsklinieken,radiologiecentrum alsook naar consultaties met huisartsen en specialisten;
- De organisatie van een gezondheidskliniek;
- Manicure,pedicure;
- Theoretisch en praktisch onderwijs in de verpleegkunde;
- De vennootschap kan elk gebouw verhuren of onderverhuren,zakelijke rechten of volledige eigendom verwerven met het oog op het vestigen van een hoofd- of bijkantoor of het huisvesten van zijn managers en leden van hun familie zonder dat dit de burgerlijke aard van de vennootschap of haar medische roeping wijzigt;
- De aankoop,verhuur,verkoop van alle toiletartikelen,apparatuur en accessoires die een directe of indirecte relatie hebben met de hierboven gespecificeerde activiteiten.
- Elektronische handel
- Het bedrijf zal naast het secretariaat,de hotline,alle vertalingen en de medische interface alle nevenwerkzaamheden kunnen uitvoeren die direct nuttig zijn voor de organisatie van een verpleegpraktijk.
- Handel in al zijn vormen en met name fabricage,verwerking,transport,import,export,inkoop en groot- of kleinhandel,ook per postorder of via internet,vertegenwoordiging en makelaardij,alle producten en goederen,onder andere alle textielartikelen,hoeden en mutsen,gebreide artikelen,reisartikelen,lederwaren en zadelmakerswaren,decoratieartikelen,diverse houten voorwerpen,spellen en speelgoed,fantasiejuwelen en dergelijke artikelen,keramische artikelen voor huishoudelijk of decoratief gebruik,boekbinden en aanverwante activiteiten.
- Business en ander managementadvies
- Overige bedrijfsondersteunende werkzaamheden
- Detailhandel in farmaceutische producten in gespecialiseerde winkels
- Public relations en communicatieadvies
- Het organiseren van sport- en vrijetijdsactiviteiten
- Andere persoonlijke diensten
- Verkoop van voedingsproducten
- Wellness center
- Aankoop en verkoop van onroerend goed;verkoop van bouwmaterialen en andere goederen
- Coaching en begeleiding
- Handel in medische,farmaceutische en cosmetische producten
- Drukwerk en productie
- Name clauseThe name the company operates under according to its articles.
- NERFA SERVICES
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, één of meer bestuurders” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Gelijk recht in winstverdeling en vereffeningsaldo” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of June at 19:00