NES GROUP
ActiveSummary
The computed 12-month bankruptcy probability of NES GROUP is 10.4% (high). The annual accounts of NES GROUP for fiscal year 2025 show a net loss of 75% of the equity at the start of that year. The 2025 annual accounts show equity of €3,284 and a net result of -€9,604. Equity is shrinking by ~52.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 20% of 4709 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▲+1
Solvency32▼-11
Growth32=
Track record78
Bankruptcy probability, 12 months
10.4%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.96 against 1.09 in 2024; short-term debt: 93.1% and cash: 17.6% of total assets), and 93.1% of the assets are financed with debt.
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Signals
Nine 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
6.9%
Return on assets
-20.1%
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
22232425
2022 to 2025 · latest year -€9,604
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4709 sector peers (2025).
NBB · sector comparisonPosition among 4709 sector peers
Solvency
better than 20%
← weakest
strongest →
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 · 4 filingsDeviation from the deadline
2025
on the day
2024
7 d late
2023
15 d early
2022
9 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average on the deadline day; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Checked, nothing found (1)
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. Usually files around 4 May (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€3,284▼ 74.5%
2024 · €12,888
Total assets
€47,678▼ 34.0%
2024 · €72,261
Net result
-€9,604▲ 25.5%
2024 · -€12,894
Working capital
-€1,867
2024 · €5,200
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line2022202320242025
Operating result€48,138--€6,228-€1,885▲ 69.7%-€3,619▼ 92.0%
Net result€32,552above the sector's middle half--€7,770below the sector's middle half-€12,894below the sector's middle half▼ 65.9%-€9,604below the sector's middle half▲ 25.5%
Equity€33,552within the sector's middle half-€25,782within the sector's middle half▼ 23.2%€12,888within the sector's middle half▼ 50.0%€3,284below the sector's middle half▼ 74.5%
Total assets€69,650within the sector's middle half-€110,388within the sector's middle half▲ 58.5%€72,261within the sector's middle half▼ 34.5%€47,678within the sector's middle half▼ 34.0%
Debt€36,098-€84,607▲ 134%€59,373▼ 29.8%€44,394▼ 25.2%
Working capital€16,697within the sector's middle half-€15,564within the sector's middle half▼ 6.8%€5,200within the sector's middle half▼ 66.6%-€1,867within the sector's middle half
Solvency48.2%within the sector's middle half-23.4%within the sector's middle half▼ 24.8pp17.8%within the sector's middle half▼ 5.5pp6.9%below the sector's middle half▼ 10.9pp
Current ratio1.46within the sector's middle half-1.18within the sector's middle half▼ 0.281.09within the sector's middle half▼ 0.100.96within the sector's middle half▼ 0.13
Return on assets (ROA)46.7%above the sector's middle half--7.0%below the sector's middle half▼ 53.8pp-17.8%below the sector's middle half▼ 10.8pp-20.1%below the sector's middle half▼ 2.3pp
Staff (FTE)0.92
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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 stays negative: a loss of €3,619 in 2025 against €1,885 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47,678
Fixed assets
€5,151 ▼ 33.0%
Current assets
€42,527 ▼ 34.1%
Equity and liabilities €47,678
Equity
€3,284 ▼ 74.5%
Debt
€44,394 ▼ 25.2%
Debt's share of the balance-sheet total rises from 82.2% to 93.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1,085▼
2024 · €2,400
Cash flow
-€4,900▲
2024 · -€8,609
Debt to equity
13.52▲
2024 · 4.61
ROE
-292.4%▼
2024 · -100.0%
Interest coverage
0.55▲
2024 · 0.45
Debt ≤ 1 year
€44,394▼
2024 · €59,373
Income taxes
€4,023▼
2024 · €5,662
Staff costs
€73,997▲
2024 · €72,217
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 647 companies that looked in July 2024 the way this one looks now, 6.6% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
6.6%
went bankrupt
5.6%
stopped otherwise
86%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 10.4% 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 647 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €38,930 | €72,217 | €73,997 | ▲ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,219 | €6,882 | €4,285 | €4,704 | ▲ 9.8% |
| Other operating charges640/8 | €1,559 | €11,843 | €10,624 | €5,995 | ▼ 43.6% |
| Gross operating margin9900 | €54,916 | €51,426 | €85,241 | €81,077 | ▼ 4.9% |
| Operating profit (loss)9901 | €48,138 | -€6,228 | -€1,885 | -€3,619 | ▼ 92.0% |
| Financial income75/76B | €1 | - | - | - | - |
| Recurring financial income75 | €1 | - | - | - | - |
| Financial charges65/66B | €157 | €957 | €5,347 | €1,962 | ▼ 63.3% |
| Recurring financial charges65 | €157 | €957 | €5,347 | €1,962 | ▼ 63.3% |
| Profit (loss) for the period before taxes9903 | €47,982 | -€7,185 | -€7,232 | -€5,581 | ▲ 22.8% |
| Income taxes67/77 | €15,430 | €585 | €5,662 | €4,023 | ▼ 28.9% |
| Profit (loss) for the period9904 | €32,552 | -€7,770 | -€12,894 | -€9,604 | ▲ 25.5% |
| Profit (loss) for the period to be appropriated9905 | €32,552 | -€7,770 | -€12,894 | -€9,604 | ▲ 25.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €69,650 | €110,388 | €72,261 | €47,678 | ▼ 34.0% |
| Fixed assets21/28 | €16,855 | €10,218 | €7,688 | €5,151 | ▼ 33.0% |
| Tangible fixed assets22/27 | €15,855 | €8,973 | €6,444 | €3,907 | ▼ 39.4% |
| Plant, machinery and equipment23 | €860 | €645 | €430 | €215 | ▼ 50.0% |
| Furniture and vehicles24 | €14,995 | €8,329 | €6,014 | €3,212 | ▼ 46.6% |
| Other tangible fixed assets26 | - | - | - | €480 | - |
| Financial fixed assets28 | €1,000 | €1,244 | €1,244 | €1,244 | = |
| Current assets29/58 | €52,795 | €100,171 | €64,573 | €42,527 | ▼ 34.1% |
| Amounts receivable within one year40/41 | €18,130 | €85,392 | €50,167 | €27,006 | ▼ 46.2% |
| Trade receivables40 | €18,130 | €81,686 | €45,628 | - | - |
| Other amounts receivable41 | - | €3,706 | €4,539 | €27,006 | ▲ 495% |
| Current investments50/53 | €9,000 | €5,000 | €5,000 | €5,000 | = |
| Cash at bank and in hand54/58 | €25,665 | €5,358 | €3,130 | €8,382 | ▲ 168% |
| Deferred charges and accrued income490/1 | - | €4,420 | €6,276 | €2,139 | ▼ 65.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €69,650 | €110,388 | €72,261 | €47,678 | ▼ 34.0% |
| Equity10/15 | €33,552 | €25,782 | €12,888 | €3,284 | ▼ 74.5% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Capital10 | €1,000 | - | - | - | - |
| Issued capital100 | €1,000 | - | - | - | - |
| Outside capital11 | - | €1,000 | - | - | - |
| Share premium1100/10 | - | €1,000 | - | - | - |
| Reserves13 | €32,552 | €32,552 | €32,552 | €32,552 | = |
| Distributable reserves133 | €32,552 | €32,552 | €32,552 | €32,552 | = |
| Profit (loss) carried forward14 | - | -€7,770 | -€20,664 | -€30,268 | ▼ 46.5% |
| Amounts payable17/49 | €36,098 | €84,607 | €59,373 | €44,394 | ▼ 25.2% |
| Amounts payable within one year42/48 | €36,098 | €84,607 | €59,373 | €44,394 | ▼ 25.2% |
| Trade debts44 | €5,800 | €52,310 | €15,841 | €16,099 | ▲ 1.6% |
| Suppliers440/4 | €5,800 | €52,310 | €15,841 | €16,099 | ▲ 1.6% |
| Taxes, remuneration and social security45 | €17,162 | €29,143 | €20,150 | €14,871 | ▼ 26.2% |
| Taxes450/3 | €17,162 | €28,810 | €20,150 | €14,871 | ▼ 26.2% |
| Remuneration and social security454/9 | - | €333 | - | - | - |
| Other amounts payable47/48 | €13,136 | €3,154 | €23,382 | €13,424 | ▼ 42.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,552 | -€7,770 | -€12,894 | -€9,604 | ▲ 25.5% |
| + Depreciation and write-downs630 | €5,219 | €6,882 | €4,285 | €4,704 | ▲ 9.8% |
| Operating cash flow (approximation) | €37,772 | -€889 | -€8,609 | -€4,900 | ▲ 43.1% |
| Investment in fixed assets (approximation) | - | -€244 | -€1,755 | -€2,167 | ▼ 23.5% |
| Change in cash | - | -€20,307 | -€2,228 | €5,252 | ▲ 336% |
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
19-06
State Gazette act
Resignation: Aktas Engin (director)2 facts ▸
State Gazette act
Resignation: Aktas Engin (director)
2 facts ▸
- General meeting, 28-05-2026
- Director resignation, Aktas Engin (director)
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-07
KBO administration
Address strikeout annulled
20-06
KBO administration
Address struck
Voltairelaan 107 1030 Die Sitzadresse Avenue Voltaire / Voltaire-
Schaerbeek · event 13-03-2025
07-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
30-09
Financial
Weakest financial yearnet -€12,894
Net result drops to -€12,894, the lowest in the series; recovery starts the following year.
15-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Machelen (Brab.) · 1 establishment unit since 2021
Ground area
259 m²
Building footprint
82 m²
Volume, LiDAR
655 m³
Parcel 23047B0064/00R000, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NES GROUP
since 20212.323.474.454
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23047B0064/00R000 | Flanders | 259 m² | 1 · 82 m² | 10.4 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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Aktas Engin |
|
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 3,000 EUR awarded · 3,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 3,000 EUR | 3,000 EUR |
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 2,110 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
Founded09-08-2021
Fiscal year end30-09
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0772405753
Also
9925:BE0772405753
Registered
30-12-2025
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.