NERI-BORGHESE
ActiveThe computed 12-month bankruptcy probability of NERI-BORGHESE is 1.9% (moderate). The 2025 annual accounts show equity of €31k and a net result of €-13k. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 13270 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability29▼-27
Solvency42▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.23 in 2024; short-term debt: 18.4% and cash: 0.9% of total assets), and 83.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Sector 56
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 2025Solvency, return and age of the figures
Solvency
16.7%
Return on assets
-7.1%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-13k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
1 d early
2022
3 d early
2021
124 d late
2020
489 d late
2019
40 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▼ 29.9%
2024 · €44k
2018: €6k
2019: €11k
2020: €23k
2021: €44k
2022: €46k
2023: €45k
2024: €44k
2018 → 2025
Total assets
€183k▼ 12.2%
2024 · €208k
2018: €280k
2019: €271k
2020: €255k
2021: €246k
2022: €245k
2023: €228k
2024: €208k
2018 → 2025
Net result
€-13k▼ 1,103%
2024 · €-1k
2018: €32
2019: €5k
2020: €12k
2021: €33k
2022: €3k
2023: €-2k
2024: €-1k
2018 → 2025
Working capital
€-28k▼ 5.0%
2024 · €-26k
2018: €-42k
2019: €-34k
2020: €-20k
2021: €-15k
2022: €-31k
2023: €-35k
2024: €-26k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€46k▲ 6.0%€45k▼ 3.9%€44k▼ 2.4%€31k▼ 29.9%
Operating result€42k-€8k▼ 80.7%€3k▼ 62.6%€4k▲ 44.4%€-6k
Net result€33k-€3k▼ 92.0%€-2k€-1k▲ 40.2%€-13k▼ 1,103%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €4k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183k
Fixed assets
€177k▼ 11.6%
Current assets
€6k▼ 27.1%
Equity and liabilities €183k
Equity
€31k▼ 29.9%
Debt
€152k▼ 7.5%
The debt ratio rises from 79.1% to 83.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18k▼
2024 · €25k
Cash flow
€10k▼
2024 · €19k
Solvency
16.7%▼
2024 · 20.9%
Current ratio
0.18▼
2024 · 0.23
Quick ratio
0.13▼
2024 · 0.21
Debt / equity
5.00▲
2024 · 3.78
ROE
-42.7%▼
2024 · -2.5%
ROA
-7.1%▼
2024 · -0.5%
Interest coverage
2.35▼
2024 · 4.49
Debt
€152k▼
2024 · €165k
Debt ≤ 1 year
€34k▼
2024 · €35k
Debt > 1 year
€119k▼
2024 · €130k
Income taxes
€-292
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€208k€183k▼
Fixed assets21/28€200k€177k▼
Tangible fixed assets22/27€200k€177k▼
Plant, machinery and equipment23€28k€19k▼
Furniture and vehicles24€9k€6k▼
Other tangible fixed assets26€164k€152k▼
Current assets29/58€8k€6k▼
Stocks and contracts in progress3€905€2k▲
Stocks30/36€905€2k▲
Amounts receivable within one year40/41€2k€1k▼
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€4k€2k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€208k€183k▼
Equity10/15€44k€31k▼
Contributions10/11€6k€6k=
Reserves13€24k€24k=
Distributable reserves133€24k€24k=
Profit (loss) carried forward14€14k€703▼
Amounts payable17/49€165k€152k▼
Amounts payable after more than one year17€130k€119k▼
Financial debts170/4€130k€119k▼
Amounts payable within one year42/48€35k€34k▼
Current portion of amounts payable after more than one year42€15k€11k▼
Trade debts44€10k€7k▼
Suppliers440/4€10k€7k▼
Taxes, remuneration and social security45€8k€15k▲
Taxes450/3€3k€706▼
Remuneration and social security454/9€5k€14k▲
Other amounts payable47/48€540€900▲
Accrued charges and deferred income492/3-€60
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€23k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€29k€22k▼
Operating profit (loss)9901€4k€-6k▼
Financial income75/76B€59€32▼
Recurring financial income75€59€32▼
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€-1k€-13k▼
Income taxes67/77-€-292
Profit (loss) for the period9904€-1k€-13k▼
Profit (loss) for the period to be appropriated9905€-1k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€703▼
Profit (loss) brought forward from the previous period14P€15k€14k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 124 days late
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 489 days late
2021
30-09
Financial
Highest result since 2018net €33k ▲184%
Operating result €42k, net result €33k, both a record.
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Oostende · 1 establishment unit since 2015
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.
Wittenonnenstraat 148400 OostendeGround area
111 m²
Building footprint
105 m²
Volume, LiDAR
1,128 m³
Parcel 35013A0816/00B000, Flanders · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Villa Borghese
since 20152.248.201.365
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A0816/00B000 | Flanders | 111 m² | 1 · 105 m² | 14.8 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.248.201.365
Similar companies · same sector, comparable size
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INTRAMUROS
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MATT FOOD
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 9,483 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-12-2015
Fiscal year end30-09
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
46190Agents in non-specialised wholesale trade
55203Holiday cottages, homes and apartments
55204Guest rooms (bed and breakfast)
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.