NERGE.BE
ActiveThe file of NERGE.BE contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 2.1% (moderate). The 2024 annual accounts show equity of €99,391 and a net result of €28,410. Equity is growing by ~56.7% per year across the filed fiscal years. Its solvency ranks better than 36% of 15872 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-11
Solvency46▼-4
Growth78=
Track record85
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.25 against 1.37 in 2023; short-term debt: 72.3% and cash: 1.4% of total assets), and 78.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.3%
Return on assets
6.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
20 d late
2023
26 d late
2022
44 d late
2021
45 d late
2020
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 33 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€99,391▲ 40.0%
2023 · €70,981
Total assets
€466,586▲ 67.0%
2023 · €279,375
Net result
€28,410▼ 30.0%
2023 · €40,578
Working capital
€84,990▲ 39.8%
2023 · €60,792
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€3,525-€22,217€17,133▼ 22.9%€55,113▲ 222%€47,202▼ 14.4%
Net result-€3,713below the sector's middle half-€19,041within the sector's middle half€13,074within the sector's middle half▼ 31.3%€40,578above the sector's middle half▲ 210%€28,410above the sector's middle half▼ 30.0%
Equity€32,275within the sector's middle half-€17,328within the sector's middle half▼ 46.3%€30,403within the sector's middle half▲ 75.5%€70,981within the sector's middle half▲ 133%€99,391within the sector's middle half▲ 40.0%
Total assets€48,208below the sector's middle half-€42,597below the sector's middle half▼ 11.6%€194,744within the sector's middle half▲ 357%€279,375within the sector's middle half▲ 43.5%€466,586above the sector's middle half▲ 67.0%
Debt€15,933-€25,269▲ 58.6%€164,342▲ 550%€208,394▲ 26.8%€367,195▲ 76.2%
Working capital€30,600within the sector's middle half-€16,752within the sector's middle half▼ 45.3%€28,886within the sector's middle half▲ 72.4%€60,792within the sector's middle half▲ 110%€84,990within the sector's middle half▲ 39.8%
Solvency67.0%above the sector's middle half-40.7%within the sector's middle half▼ 26.3pp15.6%within the sector's middle half▼ 25.1pp25.4%within the sector's middle half▲ 9.8pp21.3%within the sector's middle half▼ 4.1pp
Current ratio2.92within the sector's middle half-1.66within the sector's middle half▼ 1.261.18within the sector's middle half▼ 0.491.37within the sector's middle half▲ 0.191.25within the sector's middle half▼ 0.12
Return on assets (ROA)-7.7%below the sector's middle half-44.7%above the sector's middle half▲ 52.4pp6.7%within the sector's middle half▼ 38.0pp14.5%above the sector's middle half▲ 7.8pp6.1%within the sector's middle half▼ 8.4pp
Staff (FTE)1.2
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 14% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €466,586
Fixed assets
€44,472 ▼ 17.7%
Current assets
€422,114 ▲ 87.3%
Equity and liabilities €466,586
Equity
€99,391 ▲ 40.0%
Debt
€367,195 ▲ 76.2%
Debt's share of the balance-sheet total rises from 74.6% to 78.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€63,261▲
2023 · €61,813
Cash flow
€44,469▼
2023 · €47,279
Quick ratio
1.02▲
2023 · 0.77
Debt to equity
3.69▲
2023 · 2.94
ROE
28.6%▼
2023 · 57.2%
Interest coverage
15.74▼
2023 · 54.75
Debt ≤ 1 year
€337,123▲
2023 · €164,521
Debt > 1 year
€30,072▼
2023 · €43,874
Income taxes
€14,881▲
2023 · €13,406
Staff costs
€30,031
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% 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
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,706 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,322 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €30,031 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €524 | €1,100 | €973 | €6,701 | €16,059 | ▲ 140% |
| Other operating charges640/8 | - | €61 | - | €11,590 | €3,355 | ▼ 71.1% |
| Gross operating margin9900 | -€3,001 | €23,378 | €18,107 | €73,404 | €96,647 | ▲ 31.7% |
| Operating profit (loss)9901 | -€3,525 | €22,217 | €17,133 | €55,113 | €47,202 | ▼ 14.4% |
| Financial income75/76B | - | €17 | - | - | €109 | - |
| Recurring financial income75 | - | €17 | - | - | €109 | - |
| Financial charges65/66B | - | €202 | €280 | €1,129 | €4,020 | ▲ 256% |
| Recurring financial charges65 | €78 | €202 | €280 | €1,129 | €4,020 | ▲ 256% |
| Profit (loss) for the period before taxes9903 | -€3,603 | €22,032 | €16,854 | €53,984 | €43,292 | ▼ 19.8% |
| Income taxes67/77 | €110 | €2,991 | €3,779 | €13,406 | €14,881 | ▲ 11.0% |
| Profit (loss) for the period9904 | -€3,713 | €19,041 | €13,074 | €40,578 | €28,410 | ▼ 30.0% |
| Profit (loss) for the period to be appropriated9905 | -€3,713 | €19,041 | €13,074 | €40,578 | €28,410 | ▼ 30.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48,208 | €42,597 | €194,744 | €279,375 | €466,586 | ▲ 67.0% |
| Fixed assets21/28 | €1,676 | €576 | €1,516 | €54,062 | €44,472 | ▼ 17.7% |
| Tangible fixed assets22/27 | €1,676 | €576 | €1,516 | €54,062 | €43,704 | ▼ 19.2% |
| Furniture and vehicles24 | - | €576 | €1,516 | €54,062 | €43,704 | ▼ 19.2% |
| Financial fixed assets28 | - | - | - | - | €768 | - |
| Current assets29/58 | €46,532 | €42,021 | €193,228 | €225,313 | €422,114 | ▲ 87.3% |
| Stocks and contracts in progress3 | €28,500 | €30,804 | €90,022 | €98,252 | €76,564 | ▼ 22.1% |
| Stocks30/36 | - | €30,804 | €90,022 | €98,252 | €76,564 | ▼ 22.1% |
| Amounts receivable within one year40/41 | €9,882 | €4,441 | €79,551 | €112,432 | €335,798 | ▲ 199% |
| Trade receivables40 | - | €549 | €79,551 | €112,432 | €335,798 | ▲ 199% |
| Other amounts receivable41 | - | €3,892 | - | - | - | - |
| Cash at bank and in hand54/58 | €8,150 | €6,538 | €23,654 | €9,174 | €6,446 | ▼ 29.7% |
| Deferred charges and accrued income490/1 | - | €239 | - | €5,455 | €3,305 | ▼ 39.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48,208 | €42,597 | €194,744 | €279,375 | €466,586 | ▲ 67.0% |
| Equity10/15 | €32,275 | €17,328 | €30,403 | €70,981 | €99,391 | ▲ 40.0% |
| Contributions10/11 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€3,713 | €15,328 | €28,403 | €68,981 | €97,391 | ▲ 41.2% |
| Amounts payable17/49 | €15,933 | €25,269 | €164,342 | €208,394 | €367,195 | ▲ 76.2% |
| Amounts payable after more than one year17 | - | - | - | €43,874 | €30,072 | ▼ 31.5% |
| Financial debts170/4 | - | - | - | €43,874 | €30,072 | ▼ 31.5% |
| Amounts payable within one year42/48 | €15,933 | €25,269 | €164,342 | €164,521 | €337,123 | ▲ 105% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,802 | €13,802 | = |
| Trade debts44 | €12,187 | €8,035 | €144,995 | €119,696 | €169,075 | ▲ 41.3% |
| Suppliers440/4 | - | €8,035 | €144,995 | €119,696 | €169,075 | ▲ 41.3% |
| Advances received on contracts in progress46 | - | - | - | - | €116,125 | - |
| Taxes, remuneration and social security45 | - | €3,377 | €19,347 | €23,642 | €38,121 | ▲ 61.2% |
| Taxes450/3 | - | €3,377 | €19,347 | €23,642 | €30,285 | ▲ 28.1% |
| Remuneration and social security454/9 | - | - | - | - | €7,836 | - |
| Other amounts payable47/48 | - | €13,857 | - | €7,381 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,713 | €19,041 | €13,074 | €40,578 | €28,410 | ▼ 30.0% |
| + Depreciation and write-downs630 | €524 | €1,100 | €973 | €6,701 | €16,059 | ▲ 140% |
| Operating cash flow (approximation) | -€3,188 | €20,141 | €14,048 | €47,279 | €44,469 | ▼ 5.9% |
| Investment in fixed assets (approximation) | - | €0 | -€1,914 | -€59,247 | -€6,468 | ▲ 89.1% |
| Change in cash | - | -€1,613 | €17,117 | -€14,481 | -€2,727 | ▲ 81.2% |
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
2025
27-11
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · event 21-11-2025
10-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 04-11-2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Highest result since 2020net €40,578 ▲210%
Operating result €55,113, net result €40,578, both a record.
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 44 days late
2022
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 45 days late
2021
31-12
Financial
Back to profitnet €19,041
Net result €19,041 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Dilbeek · 2 establishment units since 2020
Ground area
7,689 m²
Parcel 23026A0154/00H000, Flanders. Linked by address, not a title deed.
2 establishment units
NERGE
since 20202.307.687.111
Alfons Gossetlaan 36 A, 1702 Dilbeek
since 20242.360.763.135
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026A0154/00H000 | Flanders | 7,689 m² | - | - |
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 | CHARLOTTE SAS WOLSTRAAT 70 TWEED BUILDING,
1000 BRUSSEL 1 |
04-11-2025 → 21-11-2025 |
Recognitions · licences · registrations
Food safety, FASFC
1 siteDilbeek2.360.763.135
Similar companies · same sector, comparable size
ANTECHO
BE 0452.904.777
Kapellen · Eq €99,407
EGTC
BE 0434.866.638
Etterbeek · Eq €99,324
CoCoMa
BE 0688.751.171
Ukkel · Eq €99,568
PREFATEC
BE 0476.261.882
Poperinge · Eq €98,155
CINAGI
BE 0456.246.230
Sint-Lambrechts-Woluwe · Eq €100,652
Of 1,567 companies in sector 46900 we hold annual accounts for 920. 593 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
Founded24-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
47120Other non-specialised retail sale
Contact
E-mail
hello@nerge.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0748926904
Registered
17-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.