Nergye
ActiveSummary
The computed 12-month bankruptcy probability of Nergye is 2.7% (moderate). The 2024 annual accounts show equity of €11k and a net result of €587. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 31% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability42▼-58
Solvency55▼-45
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.43 against 4.74 in 2023; short-term debt: 70.1% and cash: 1.4% of total assets), and 70.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
29.9%
Return on assets
1.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
9 d late
2022
32 d early
2021
18 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€11k▲ 5.9%
2023 · €10k
2021: €4k
2022: €6k
2023: €10k
2021 → 2024
Total assets
€35k▲ 180%
2023 · €13k
2021: €16k
2022: €8k
2023: €13k
2021 → 2024
Net result
€587▼ 83.9%
2023 · €4k
2021: €2k
2022: €2k
2023: €4k
2021 → 2024
Working capital
€11k▲ 5.9%
2023 · €10k
2021: €4k
2022: €6k
2023: €10k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€4k-€6k▲ 42.5%€10k▲ 57.9%€11k▲ 5.9%
Operating result€2k-€2k▲ 2.4%€5k▲ 89.9%€913▼ 80.5%
Net result€2k-€2k▼ 1.8%€4k▲ 94.2%€587▼ 83.9%
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 81% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €35k
Equity
€11k ▲ 5.9%
Debt
€25k ▲ 829%
Debt's share of the balance-sheet total rises from 21.1% to 70.1%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.43▼
2023 · 4.74
Debt to equity
2.35▲
2023 · 0.27
ROE
5.6%▼
2023 · 36.7%
ROA
1.7%▼
2023 · 28.9%
Debt ≤ 1 year
€25k▲
2023 · €3k
Income taxes
€164▼
2023 · €910
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 32 lines
Balance sheet
Code20232024
Assets
Total assets20/58€13k€35k▲
Current assets29/58€13k€35k▲
Stocks and contracts in progress3€6k€0▼
Stocks30/36€6k€0▼
Amounts receivable within one year40/41€2k€35k▲
Trade receivables40€125€34k▲
Other amounts receivable41€1k€1k▼
Cash at bank and in hand54/58€5k€487▼
Equity and liabilities
Total equity and liabilities10/49€13k€35k▲
Equity10/15€10k€11k▲
Contributions10/11€3k€3k=
Reserves13€7k€8k▲
Distributable reserves133€7k€8k▲
Amounts payable17/49€3k€25k▲
Amounts payable within one year42/48€3k€25k▲
Trade debts44€78€23k▲
Suppliers440/4€78€23k▲
Taxes, remuneration and social security45€1k€164▼
Taxes450/3€1k€164▼
Other amounts payable47/48€1k€1k=
Income statement
Code20232024
Other operating charges640/8€446€449▲
Gross operating margin9900€5k€1k▼
Operating profit (loss)9901€5k€913▼
Financial charges65/66B€142€162▲
Recurring financial charges65€142€162▲
Profit (loss) for the period before taxes9903€5k€751▼
Income taxes67/77€910€164▼
Profit (loss) for the period9904€4k€587▼
Profit (loss) for the period to be appropriated9905€4k€587▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€587▼
Transfer to equity691/2€4k€587▼
To other reserves6921€4k€587▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €587 ▼83.9%
Net result drops to €587, the lowest in the series.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Highest result since 2021net €4k ▲94.2%
Operating result €5k, net result €4k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 4.77
Current ratio from 1.38 to 4.77; short-term debt falls from €12k to €2k.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Hasselt · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Casterhovenstraat 93500 HasseltGround area
222 m²
Building footprint
97 m²
Volume, LiDAR
548 m³
Parcel 71323C0027/00S003, Flanders · tallest building 18.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nergye
since 20202.311.047.170
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0027/00S003 | Flanders | 222 m² | 1 · 97 m² | 18.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 1002.033.457
Heusden-Zolder · Eq €10,520
PACOWIN
BE 0537.229.649
Hasselt · Eq €10,521
Tomatech
BE 0765.974.257
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Renov-Home
BE 0835.416.260
Anthisnes · Eq €10,527
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 5,669 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.