Summary
NEROVALI FINANCES 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 €270,403 and a net result of €7,546. Equity is growing by about 6% per year across the filed financial years. Its solvency ranks better than 81% of 3,030 sector peers (NACE 66, financial year 2025). The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Other activities auxiliary to financial services, excluding insurance and pension funding
NACE 66199
1 site
Size
€333,005total assets 2025
- Staff
- 1 FTE
- Equity
- €270,403
- Profit
- €7,546
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
2025 accounts filed 67 days late1 of 4 deeds summarised
Signalsraises risk2025 accounts filed 67 days lateShow the evidence
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.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 67 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-10-2026, 67 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
67 days late
2024
72 days late
2023
73 days late
2022
56 days late
2021
54 days late
2020
30 days early
2019
119 days late
← 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 59 days after the deadline; the sector median (NACE 66) for financial year 2024 is 5 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet €7,546 ▼78.5%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (67 days) Filed on 6 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00548514.
Equity
€270,403▲ 2.9%
2024 · €262,857
Net result
€7,546▼ 78.5%
2024 · €35,095
Total assets
€333,005▲ 3.5%
2024 · €321,648
Solvency
81.2%▼ 0.5pp
2024 · 81.7%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 65% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€16,753
2025
Net result€7,546
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€333,005
2025
Equity€270,403
2025
Debt€62,602
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€258,871
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)2.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency81.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio10.38
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€42,735-€48,771▲ 14.1%€25,866▼ 47.0%€20,771▼ 19.7%€16,207▼ 22.0%€47,613▲ 194%€47,890▲ 0.6%€16,753▼ 65.0%
Net result€29,909-€42,445▲ 41.9%€25,866within the sector's middle half▼ 39.1%€20,742within the sector's middle half▼ 19.8%€16,207within the sector's middle half▼ 21.9%€12,947within the sector's middle half▼ 20.1%€35,095within the sector's middle half▲ 171%€7,546within the sector's middle half▼ 78.5%
Equity€177,056-€197,001▲ 11.3%€212,867within the sector's middle half▲ 8.1%€233,609within the sector's middle half▲ 9.7%€249,816within the sector's middle half▲ 6.9%€262,763within the sector's middle half▲ 5.2%€262,857within the sector's middle half=€270,403within the sector's middle half▲ 2.9%
Total assets€186,664-€200,550▲ 7.4%€222,867below the sector's middle half▲ 11.1%€244,722within the sector's middle half▲ 9.8%€250,635within the sector's middle half▲ 2.4%€300,638within the sector's middle half▲ 20.0%€321,648within the sector's middle half▲ 7.0%€333,005within the sector's middle half▲ 3.5%
Debt€9,609-€3,549▼ 63.1%€10,000▲ 182%€11,113▲ 11.1%€819▼ 92.6%€37,876▲ 46×€58,790▲ 55.2%€62,602▲ 6.5%
Working capital€113,732-€120,915▲ 6.3%€147,323within the sector's middle half▲ 21.8%€170,850above the sector's middle half▲ 16.0%€199,221above the sector's middle half▲ 16.6%€223,045above the sector's middle half▲ 12.0%€271,448above the sector's middle half▲ 21.7%€258,871above the sector's middle half▼ 4.6%
Solvency94.9%-98.2%▲ 3.4pp95.5%above the sector's middle half▼ 2.7pp95.5%above the sector's middle half▼ 0.1pp99.7%above the sector's middle half▲ 4.2pp87.4%above the sector's middle half▼ 12.3pp81.7%above the sector's middle half▼ 5.7pp81.2%above the sector's middle half▼ 0.5pp
Current ratio12.84-35.07▲ 22.2415.73above the sector's middle half▼ 19.3416.37above the sector's middle half▲ 0.646.89above the sector's middle half12.41above the sector's middle half▲ 5.5210.38above the sector's middle half▼ 2.03
Return on assets (ROA)16.0%-21.2%▲ 5.1pp11.6%within the sector's middle half▼ 9.6pp8.5%within the sector's middle half▼ 3.1pp6.5%within the sector's middle half▼ 2.0pp4.3%within the sector's middle half▼ 2.2pp10.9%within the sector's middle half▲ 6.6pp2.3%below the sector's middle half▼ 8.6pp
Staff (FTE)11.1▲ 10.0%1▼ 9.1%
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €333,005
Fixed assets
€46,532 ▲ 76.2%
Current assets
€286,473 ▼ 3.0%
Equity and liabilities €333,005
Equity
€270,403 ▲ 2.9%
Debt
€62,602 ▲ 6.5%
Debt's share of the balance-sheet total rises from 18.3% to 18.8%. Equity and debt are higher.
Key figures and ratios
ROE
2.8%▼
2024 · 13.4%
Debt ≤ 1 year
€27,602▲
2024 · €23,790
Debt > 1 year
€35,000=
2024 · €35,000
Income taxes
€13,000▼
2024 · €16,459
Staff costs
€62,475▲
2024 · €49,882
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €28,558 | €44,952 | €42,041 | €49,882 | €62,475 | ▲ 25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,873 | €8,873 | €13,089 | €12,423 | €12,165 | €13,797 | €13,308 | €16,130 | ▲ 21.2% |
| Other operating charges640/8 | - | - | - | €2,959 | €3,719 | €18,399 | €7,890 | €11,217 | ▲ 42.2% |
| Gross operating margin9900 | €51,609 | €93,233 | €61,902 | €64,711 | €77,042 | €121,850 | €118,970 | €106,574 | ▼ 10.4% |
| Operating profit (loss)9901 | €42,735 | €48,771 | €25,866 | €20,771 | €16,207 | €47,613 | €47,890 | €16,753 | ▼ 65.0% |
| Financial income75/76B | - | - | - | - | - | €1,754 | €4,789 | €6,625 | ▲ 38.3% |
| Recurring financial income75 | - | - | - | - | - | €1,754 | €4,789 | €6,625 | ▲ 38.3% |
| Financial charges65/66B | - | - | - | - | - | €6,033 | €1,125 | €2,832 | ▲ 152% |
| Recurring financial charges65 | - | - | - | - | - | €6,033 | €1,125 | €2,832 | ▲ 152% |
| Profit (loss) for the period before taxes9903 | €42,735 | €48,771 | €25,866 | €20,771 | €16,207 | €43,334 | €51,554 | €20,546 | ▼ 60.1% |
| Income taxes67/77 | €12,826 | €6,325 | - | €29 | - | €30,388 | €16,459 | €13,000 | ▼ 21.0% |
| Profit (loss) for the period9904 | €29,909 | €42,445 | €25,866 | €20,742 | €16,207 | €12,947 | €35,095 | €7,546 | ▼ 78.5% |
| Profit (loss) for the period to be appropriated9905 | €29,909 | €42,445 | €25,866 | €20,742 | €16,207 | €12,947 | €35,095 | €7,546 | ▼ 78.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €186,664 | €200,550 | €222,867 | €244,722 | €250,635 | €300,638 | €321,648 | €333,005 | ▲ 3.5% |
| Fixed assets21/28 | €63,324 | €76,087 | €65,545 | €62,760 | €50,595 | €39,717 | €26,409 | €46,532 | ▲ 76.2% |
| Tangible fixed assets22/27 | €58,824 | €71,587 | €61,045 | €58,260 | €46,095 | €35,217 | €21,909 | €42,032 | ▲ 91.8% |
| Land and buildings22 | - | - | - | €34,039 | €26,905 | €19,772 | €12,639 | €5,505 | ▼ 56.4% |
| Plant, machinery and equipment23 | - | - | - | €24,221 | €19,190 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | - | - | €2,080 | €826 | €26,818 | ▲ 32× |
| Other tangible fixed assets26 | - | - | - | - | - | €13,366 | €8,445 | €9,708 | ▲ 15.0% |
| Financial fixed assets28 | €4,500 | €4,500 | €4,500 | €4,500 | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Current assets29/58 | €123,340 | €124,463 | €157,323 | €181,962 | €200,040 | €260,921 | €295,239 | €286,473 | ▼ 3.0% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €63,833 | €110,967 | €135,031 | ▲ 21.7% |
| Other amounts receivable291 | - | - | - | - | - | €63,833 | €110,967 | €135,031 | ▲ 21.7% |
| Amounts receivable within one year40/41 | €45,440 | €68,035 | €88,005 | €121,538 | €122,881 | €128,862 | €104,890 | €90,396 | ▼ 13.8% |
| Trade receivables40 | - | - | - | €111,563 | €112,716 | €128,862 | €104,390 | €88,399 | ▼ 15.3% |
| Other amounts receivable41 | - | - | - | €9,975 | €10,165 | - | €500 | €1,997 | ▲ 299% |
| Cash at bank and in hand54/58 | €77,900 | €56,428 | €69,318 | €60,424 | €77,159 | €64,574 | €75,859 | €55,127 | ▼ 27.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €3,651 | €3,522 | €5,919 | ▲ 68.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €186,664 | €200,550 | €222,867 | €244,722 | €250,635 | €300,638 | €321,648 | €333,005 | ▲ 3.5% |
| Equity10/15 | €177,056 | €197,001 | €212,867 | €233,609 | €249,816 | €262,763 | €262,857 | €270,403 | ▲ 2.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €11,860 | €11,860 | €18,360 | ▲ 54.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €11,860 | €11,860 | €18,360 | ▲ 54.8% |
| Profit (loss) carried forward14 | €156,596 | €176,541 | €192,407 | €213,149 | €229,356 | €232,303 | €232,397 | €233,443 | ▲ 0.5% |
| Amounts payable17/49 | €9,609 | €3,549 | €10,000 | €11,113 | €819 | €37,876 | €58,790 | €62,602 | ▲ 6.5% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €35,000 | €35,000 | = |
| Other amounts payable178/9 | - | - | - | - | - | - | €35,000 | €35,000 | = |
| Amounts payable within one year42/48 | €9,609 | €3,549 | €10,000 | €11,113 | €819 | €37,876 | €23,790 | €27,602 | ▲ 16.0% |
| Trade debts44 | €109 | €3,549 | - | €11,113 | €819 | €24,112 | €9,057 | €6,267 | ▼ 30.8% |
| Suppliers440/4 | - | - | - | €11,113 | €819 | €24,112 | €9,057 | €6,267 | ▼ 30.8% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €13,764 | €14,733 | €21,335 | ▲ 44.8% |
| Taxes450/3 | - | - | - | - | - | €10,000 | €12,700 | €13,000 | ▲ 2.4% |
| Remuneration and social security454/9 | - | - | - | - | - | €3,764 | €2,033 | €8,335 | ▲ 310% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,909 | €42,445 | €25,866 | €20,742 | €16,207 | €12,947 | €35,095 | €7,546 | ▼ 78.5% |
| + Depreciation and write-downs630 | €8,873 | €8,873 | €13,089 | €12,423 | €12,165 | €13,797 | €13,308 | €16,130 | ▲ 21.2% |
| Operating cash flow (approximation) | €38,783 | €51,319 | €38,955 | €33,165 | €28,371 | €26,743 | €48,403 | €23,676 | ▼ 51.1% |
| Investment in fixed assets (approximation) | - | -€21,636 | -€2,547 | -€9,638 | €0 | -€2,919 | €0 | -€36,253 | - |
| Change in cash | - | -€21,472 | €12,890 | -€8,894 | €16,735 | -€12,585 | €11,285 | -€20,732 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 06-10-2026 | 2026-00548514 |
| 31-12-2024 | micro format | 11-10-2025 | 2025-00541024 |
| 31-12-2023 | micro format | 12-10-2024 | 2024-00505361 |
| 31-12-2022 | micro format | 25-09-2023 | 2023-00457839 |
| 31-12-2021 | micro format | 23-09-2022 | 2022-20434334 |
| 31-12-2020 | full format | 01-07-2021 | 2021-30300494 |
| 31-12-2019 | full format | 27-11-2020 | 2020-72300484 |
| 31-12-2018 | full format | 09-07-2019 | 2019-30900116 |
| 31-12-2017 | full format | 03-07-2018 | 2018-28200078 |
| 31-12-2016 | full format | 23-08-2017 | 2017-46200478 |
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Of the 1,468 active companies whose main activity is other activities auxiliary to financial services, excluding insurance and pension funding (NACE 66199), figures are known for 925. 644 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 1 of 4 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Capital and shareholders
Capital over the years
- 22-01-2024 Converted to unavailable equity · €20,460
Group and network
Connections & network
No directors read yet: 1 of 4 Gazette acts processed.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
06-10
NBB filing
Annual accounts filed
financial year 2025 · micro format · 67 days late
2025
31-12
Financial
Weakest financial yearnet €7,546 ▼78.5%
Net result drops to €7,546, the lowest in the series.
11-10
NBB filing
Annual accounts filed
financial year 2024 · micro format · 72 days late
2024
12-10
NBB filing
Annual accounts filed
financial year 2023 · micro format · 73 days late
22-01
Gazette deed
Capital & shares · Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousLegal form clause · Capital conversion · Capital9 facts ▸
Gazette deed
Capital & shares · Amendment of the articles · Legal-form change · Resignations & appointments · Miscellaneous
Legal form clause · Capital conversion · Capital9 facts ▸
- General meeting, 27-12-2023
- Legal form clause, “société à responsabilité limitée(en abrégé SRL), mise en application des dispositions impératives du nouveau Code des sociétés et des associations” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “suppression des comptes de capitaux propres statutairement indisponibles et disponibilité des fonds, supprimer les comptes créés en application de l'article 39,…” (deed in French)
- Amendment of the articles
- Capital
- Board composition, NEROVALI Sevim (sole director)
- Power of attorney, Charles HUYLEBROUCK
- Power of attorney, NEROVALI Sevim
2023
25-09
NBB filing
Annual accounts filed
financial year 2022 · micro format · 56 days late
2022
31-12
Financial
Liquidity more than 14 timescurrent ratio 244.30
Current ratio from 16.37 to 244.30; short-term debt falls from €11,113 to €819.
23-09
NBB filing
Annual accounts filed
financial year 2021 · micro format · 54 days late
2021
01-07
NBB filing
Annual accounts filed
financial year 2020 · full format
2020
31-12
Financial
Equity above €200,000equity €212,867 ▲8.1%
A profit in every financial year since 2018 builds equity to €212,867.
27-11
NBB filing
Annual accounts filed
financial year 2019 · full format · 119 days late
2019
31-12
Financial
Highest result from 2018 to 2025net €42,445 ▲41.9%
Operating result €48,771, net result €42,445, both a record.
Show earlier events
31-12
Financial
Liquidity more than doubledcurrent ratio 35.07
Current ratio from 12.84 to 35.07; short-term debt falls from €9,609 to €3,549.
09-07
NBB filing
Annual accounts filed
financial year 2018 · full format
2018
03-07
NBB filing
Annual accounts filed
financial year 2017 · full format
2017
23-08
NBB filing
Annual accounts filed
financial year 2016 · full format · 23 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 24 annual accounts filed, the latest 10 are here; all 24 are under Financials.
1 of 4 deeds read
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded15-02-2002
Financial year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476914653
Registered
06-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 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
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2002
Ground area
276 m²
Building footprint
180 m²
Building volume
2,117 m³
2 parcels, Brussels · tallest building 18.4 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NEROVALI FINANCES
since 2002unit no. 2.094.617.604
2 parcels
Brussels
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21818F0017/00P003 | Brussels | 190 m² | 1 · 94 m² | 15.8 m · 4 |
| 21906D0125/00K004 | Brussels | 86 m² | 1 · 85 m² | 18.4 m · 4 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- NEROVALI FINANCES
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “En tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique,par simple décision de l’organe…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “1, avec ou sans limitation de durée” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Offertes par priorité aux actionnaires ayant déjà exercé la totalité de leur droit,selon modalités arrêtées par la gérance,jusqu’à…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Tuesday of May at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps, assemblée générale délibérant formes modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “27, administrateurs en fonction désignés liquidateurs en vertu statuts si aucun autre désigné” (deed in French)