Summary
NERO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €11.3m and a net result of €232,048. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 2413 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
7 d early
2022
2 d early
2021
2 d early
2020
12 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 What other support did companies like this one receive, and it did not?Subsidy mirror 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 2025, full schema
In the rankings
#7 company by equity in Aalter, Finance and insurance sector#10 company by total assets in Aalter, Finance and insurance sector
Equity
€11.3m▲ 2.1%
2024 · €11.1m
Net result
€232,048▼ 72.8%
2024 · €854,005
Total assets
€13.3m▲ 1.3%
2024 · €13.1m
Solvency
85.0%▲ 0.7pp
2024 · 84.3%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€2.0m▲ 48.6%€1.3m▼ 33.6%€1.4m▲ 6.1%€1.5m▲ 8.4%€1.3m▼ 15.8%
Operating result€2.4m▼ 8.1%€710,282▼ 70.5%€1.2m▲ 67.1%€503,709▼ 57.6%€265,351▼ 47.3%
Net result€1.8m▼ 5.8%€616,644▼ 65.2%€842,677▲ 36.7%€854,005▲ 1.3%€232,048▼ 72.8%
Equity€8.8m▲ 25.3%€9.4m▲ 7.0%€10.2m▲ 9.0%€11.1m▲ 8.3%€11.3m▲ 2.1%
Total assets€13.4m▼ 1.1%€13.4m▲ 0.2%€12.8m▼ 4.2%€13.1m▲ 2.3%€13.3m▲ 1.3%
Debt€4.6m▼ 29.3%€4.0m▼ 12.8%€2.6m▼ 36.6%€2.0m▼ 21.7%€2.0m=
Working capital-€1.4m▲ 63.5%-€844,972▲ 40.0%-€737,403▲ 12.7%€60,788€184,018▲ 203%
Solvency65.5%▲ 13.8pp70.0%▲ 4.5pp79.6%▲ 9.6pp84.3%▲ 4.7pp85.0%▲ 0.7pp
Staff (FTE)4.3▼ 10.4%4.5▲ 4.7%4.7▲ 4.4%4.3▼ 8.5%4.4▲ 2.3%
Why a figure moved sharply
- 2022 Net result -65% on 2021. The previous fiscal year ran 18 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 47% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.3m
Fixed assets
€11.2m =
Current assets
€2.2m ▲ 8.4%
Equity and liabilities €13.3m
Equity
€11.3m ▲ 2.1%
Provisions
€0 ▼ 100%
Debt
€2.0m =
Debt's share of the balance-sheet total falls from 15.2% to 15.0%. Equity is higher.
Key figures and ratios
ROE
2.1%▼
2024 · 7.7%
ROA
1.7%▼
2024 · 6.5%
Debt ≤ 1 year
€2.0m▲
2024 · €1.9m
Income taxes
€53,844▼
2024 · €97,187
Staff costs
€504,696▲
2024 · €384,103
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €3.4m | €1.3m | €2.2m | €1.8m | €1.4m | ▼ 22.7% |
| Turnover70 | €2.0m | €1.3m | €1.4m | €1.5m | €1.3m | ▼ 15.8% |
| Other operating income74 | €1.4m | €2,308 | €841,757 | €254,817 | €92,579 | ▼ 63.7% |
| Operating charges60/66A | €990,371 | €604,412 | €1.0m | €1.3m | €1.1m | ▼ 12.9% |
| Goods for resale, raw materials and consumables60 | €301 | - | - | - | - | - |
| Purchases600/8 | €301 | - | - | - | - | - |
| Services and other goods61 | €479,157 | €295,964 | €354,571 | €874,687 | €563,788 | ▼ 35.5% |
| Remuneration, social security and pensions62 | €505,625 | €305,885 | €358,839 | €384,103 | €504,696 | ▲ 31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,804 | €1,268 | - | - | €35 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €65,277 | - | -€65,277 | - |
| Other operating charges640/8 | €1,484 | €1,296 | €1,424 | €1,456 | €16,455 | ▲ 1,030% |
| Non-recurring operating charges66A | - | - | €266,515 | - | €77,646 | - |
| Operating profit (loss)9901 | €2.4m | €710,282 | €1.2m | €503,709 | €265,351 | ▼ 47.3% |
| Financial income75/76B | €32,734 | €125,882 | €884 | €500,308 | €53,944 | ▼ 89.2% |
| Recurring financial income75 | €32,734 | €125,882 | €884 | €500,308 | €53,944 | ▼ 89.2% |
| Income from financial fixed assets750 | - | €99,000 | - | €500,000 | €50,000 | ▼ 90.0% |
| Income from current assets751 | €32,734 | €26,882 | €884 | €308 | €3,944 | ▲ 1,180% |
| Financial charges65/66B | €63,304 | €61,532 | €31,418 | €52,824 | €33,403 | ▼ 36.8% |
| Recurring financial charges65 | €63,304 | €61,532 | €31,418 | €52,824 | €33,403 | ▼ 36.8% |
| Debt charges650 | - | - | - | - | €32,904 | - |
| Other financial charges652/9 | €63,304 | €61,532 | €31,418 | €52,824 | €500 | ▼ 99.1% |
| Profit (loss) for the period before taxes9903 | €2.4m | €774,631 | €1.2m | €951,193 | €285,892 | ▼ 69.9% |
| Income taxes67/77 | €610,707 | €157,988 | €313,786 | €97,187 | €53,844 | ▼ 44.6% |
| Taxes670/3 | €610,707 | €157,988 | €313,786 | €97,187 | €53,844 | ▼ 44.6% |
| Profit (loss) for the period9904 | €1.8m | €616,644 | €842,677 | €854,005 | €232,048 | ▼ 72.8% |
| Profit (loss) for the period to be appropriated9905 | €1.8m | €616,644 | €842,677 | €854,005 | €232,048 | ▼ 72.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.4m | €13.4m | €12.8m | €13.1m | €13.3m | ▲ 1.3% |
| Fixed assets21/28 | €11.2m | €11.2m | €11.2m | €11.2m | €11.2m | = |
| Tangible fixed assets22/27 | €589,268 | €588,000 | €588,000 | €588,000 | €588,858 | ▲ 0.1% |
| Land and buildings22 | €588,000 | €588,000 | €588,000 | €588,000 | €588,000 | = |
| Furniture and vehicles24 | €1,268 | - | - | - | €858 | - |
| Financial fixed assets28 | €10.6m | €10.6m | €10.6m | €10.6m | €10.6m | = |
| Affiliated companies280/1 | €10.6m | €10.6m | €10.6m | €10.6m | €10.6m | = |
| Participating interests280 | €10.6m | €10.6m | €10.6m | €10.6m | €10.6m | = |
| Other financial fixed assets284/8 | €35 | €35 | €35 | €35 | €35 | = |
| Amounts receivable and cash guarantees285/8 | €35 | €35 | €35 | €35 | €35 | = |
| Current assets29/58 | €2.2m | €2.3m | €1.7m | €2.0m | €2.2m | ▲ 8.4% |
| Amounts receivable after more than one year29 | €544,427 | €691,174 | €698,143 | €573,143 | €573,143 | = |
| Trade receivables290 | €544,427 | €691,174 | €698,143 | €573,143 | €573,143 | = |
| Amounts receivable within one year40/41 | €1.5m | €875,870 | €872,464 | €1.3m | €1.5m | ▲ 14.0% |
| Trade receivables40 | €583,660 | €227,012 | €227,751 | €277,788 | €845,934 | ▲ 205% |
| Other amounts receivable41 | €928,090 | €648,858 | €644,713 | €1.0m | €651,177 | ▼ 37.1% |
| Cash at bank and in hand54/58 | €158,740 | €675,963 | €114,485 | €98,925 | €78,336 | ▼ 20.8% |
| Deferred charges and accrued income490/1 | €7,912 | €8,406 | €1,205 | €1,454 | €4,760 | ▲ 227% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.4m | €13.4m | €12.8m | €13.1m | €13.3m | ▲ 1.3% |
| Equity10/15 | €8.8m | €9.4m | €10.2m | €11.1m | €11.3m | ▲ 2.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €8.7m | €9.4m | €10.2m | €11.1m | €11.3m | ▲ 2.1% |
| Distributable reserves133 | €8.7m | €9.4m | €10.2m | €11.1m | €11.3m | ▲ 2.1% |
| Provisions and deferred taxes16 | - | - | €65,277 | €65,277 | - | - |
| Provisions for liabilities and charges160/5 | - | - | €65,277 | €65,277 | - | - |
| Environmental obligations163 | - | - | €65,277 | €65,277 | - | - |
| Amounts payable17/49 | €4.6m | €4.0m | €2.6m | €2.0m | €2.0m | = |
| Amounts payable after more than one year17 | €968,493 | €907,026 | €94,801 | €31,796 | - | - |
| Financial debts170/4 | €968,493 | €907,026 | €94,801 | €31,796 | - | - |
| Credit institutions173 | €218,493 | €157,026 | €94,801 | €31,796 | - | - |
| Other loans174 | €750,000 | €750,000 | - | - | - | - |
| Amounts payable within one year42/48 | €3.6m | €3.1m | €2.4m | €1.9m | €2.0m | ▲ 2.2% |
| Current portion of amounts payable after more than one year42 | €60,711 | €61,466 | €62,226 | €63,005 | €31,796 | ▼ 49.5% |
| Trade debts44 | €20,358 | €919 | €5,253 | €300,092 | €259,015 | ▼ 13.7% |
| Suppliers440/4 | €20,358 | €919 | €5,253 | €300,092 | €259,015 | ▼ 13.7% |
| Taxes, remuneration and social security45 | €84,255 | €86,284 | €91,991 | €48,974 | €129,291 | ▲ 164% |
| Taxes450/3 | €43,085 | €44,734 | €45,802 | €11,397 | €46,191 | ▲ 305% |
| Remuneration and social security454/9 | €41,170 | €41,550 | €46,189 | €37,577 | €83,100 | ▲ 121% |
| Other amounts payable47/48 | €3.5m | €2.9m | €2.3m | €1.5m | €1.5m | ▲ 2.3% |
| Accrued charges and deferred income492/3 | €17,647 | €23,923 | €35,765 | €42,955 | €32,068 | ▼ 25.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.8m | €616,644 | €842,677 | €854,005 | €232,048 | ▼ 72.8% |
| + Depreciation and write-downs630 | €3,804 | €1,268 | - | - | €35 | - |
| Operating cash flow (approximation) | €1.8m | €617,912 | €842,677 | €854,005 | €232,083 | ▼ 72.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€892 | - |
| Change in cash | - | €517,224 | -€561,478 | -€15,560 | -€20,589 | ▼ 32.3% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €10mEq €10.2m ▲9%
5 profitable years in a row build equity to €10.2m.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Highest result since 2019net €1.9m ▲3,044%
Operating result €2.6m, net result €1.9m, both a record.
2019
27-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Aalter · 1 establishment unit since 2007
Ground area
863 m²
Building footprint
185 m²
Volume, LiDAR
1,482 m³
Parcel 44503H0624/00P000, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Nero
since 20072.164.582.318
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44503H0624/00P000 | Flanders | 863 m² | 1 · 185 m² | 12.7 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
7 holdings · 6 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 7
-
100%
-
100%
-
100%
-
100%
-
100%
-
50%
-
50%
All subsidiaries, including indirect ones 6
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
MEVACO - BOUWBEDRIJF 100%1 subsidiary
- PREFATON 100%
- MEVACO BEHEER 100%
- MEVACO PROJECTS 100%
- WITHOF 100%
- WOESTIJNEGOED 100%
According to the 2025 annual accounts of NERO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 994 EUR awarded · 2,161 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 923 EUR | 923 EUR |
| 2023 | 1 | 0 EUR | 1,238 EUR |
| 2022 | 1 | 71 EUR | 0 EUR |
Similar companies · same sector, comparable size
NOSHAQ EUROPE 4
BE 1011.492.145
Liège · Eq €11,322,327
Addo Invest
BE 0791.181.983
Zele · Eq €11,327,802
DEN BERK
BE 0442.354.444
Temse · Eq €11,298,490
HOLDING IMMOTUR
BE 0421.652.763
Gent · Eq €11,283,389
Haspeslagh - de Mûelenaere - Koolskamp
BE 0461.788.690
Ardooie · Eq €11,359,843
Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 5,693 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
Founded29-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890464453
Also
9925:BE0890464453
Registered
24-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.