Skip to content
Checked.be
Complete company report
Generated 24-07-2026
Active BE 0819.365.631Private limited company

NESCO

Abdijstraat 5 ·8792 Waregem, Belgium· 16 yrs active
Sector: Wholesale trade (46495)
Conclusion Checked

The computed 12-month bankruptcy probability of NESCO is 0.7% (low). The 2024 annual accounts show equity of €310k and a net result of €-57k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 49% of 950 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €310k
Net result €-57k
Staff (FTE) 1.1
Better than sector 49%
Snowflake analysis 5 axes · computed by Checked
Health32Profitability0Solvency54Growth52Stability100
48 / 100

Mixed profile: strong on stability, weaker on profitability.

Health 32
Profitability 0
Solvency 54
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.7% Low
0%0,5%1,5%4%10%≥25%
Long track record −Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Established
Founded in 2009, 16 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
32 / 100 Weak
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 17-06-2025 with the NBB · fiscal year 2024 · verkort
€-100k€0€100kOperating result 2020: €143k€143kNet result 2020: €92k€92kOperating result 2021: €116k€116kNet result 2021: €72k€72kOperating result 2022: €19k€19kNet result 2022: €-7k€-7kOperating result 2023: €40k€40kNet result 2023: €1k€1kOperating result 2024: €-21k€-21kNet result 2024: €-57k€-57k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~8%/year over 7 fiscal years, indicative, assuming unchanged policy.
€200k€300k€400k€500k€600k2025: €429k (€382k - €476k)2026: €463k (€388k - €538k)2027: €500k (€397k - €604k)2018: €225k2019: €211k2020: €302k2021: €373k2022: €366k2023: €367k2024: €310k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 26.3% 27.2%
better than 49% of 950 sector peers
Net result €-57k €24k
better than 14% of 950 sector peers
Equity €310k €171k
better than 60% of 950 sector peers
Gross operating margin €95k €175k
better than 38% of 948 sector peers
Staff costs €44k €166k
higher than 18% of 587 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€20k
-75.5% -91% vs sector
Net profit
€-57k
- far below sector median
Cash flow
€-16k
- far below sector median
Total assets
€1.18M
-14.7% +217% vs sector
Equity
€310k
-15.5% far above sector median
Working capital
€280k
-7.8% far above sector median
Employees (FTE)
1
-47.6% -79% vs sector
Staff costs
€44k
-57.5% -81% vs sector
Income taxes
€-15
- far below sector median
Dividends
€800
0.0% 18-24
Debt
€870k
-14.3% far above sector median
Debt ≤ 1y
€444k
-25.4% +254% vs sector
Debt > 1y
€414k
+2.1% -81% vs sector
Current ratio
1.63
+8.0% +25% vs sector
Quick ratio
0.26
-26.0% +69% vs sector
Solvency
26.3%
-1.0% +5% vs sector
Debt / equity
2.80
+1.4% +20% vs sector
ROE
-18.4%
- far below sector median
ROA
-4.8%
- far below sector median
Interest coverage
0.52
-66.9% -94% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€20k
Net profit€-57k
Cash flow€-16k
Staff costs€44k
Income taxes€-15
Dividends-
Total assets€1.18M
Equity€310k
Debt€870k
of which ≤ 1y€444k
of which > 1y€414k
Working capital€280k
Employees (FTE)1.1
Ratios (computed)
2024
Current ratio1.63
Quick ratio0.26
Working capital ratio23.8%
Solvency26.3%
Debt / equity2.80
Long-term debt ratio1.33
Interest coverage0.52
Gross margin-
Net margin-
ROA-4.8%
ROE-18.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.18M
Fixed assets 21/28€456k
Intangible fixed assets 21€42k
Tangible fixed assets 22/27€414k
Financial fixed assets 28€100
Current assets 29/58€724k
Stocks & contracts in progress 3€611k
Amounts receivable within one year 40/41€78k
Cash & bank 54/58€29k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.18M
Equity 10/15€310k
Contributions / capital 10/11€19k
Reserves 13€353k
Accumulated profits (losses) 14€-61k
Amounts payable 17/49€870k
Amounts payable after one year 17€414k
Amounts payable within one year 42/48€444k
Trade debts payable within one year 44€59k
Income statement
Gross operating margin 9900€95k
Operating result 9901€-21k
Financial income 75€3k
Financial charges 65€39k
Result before taxes 9903€-57k
Income taxes 67/77€-15
Net result for the period 9904€-57k
Result to be appropriated 9905€-57k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Wholesale trade(46495)
Legal form Private limited company(610)
Incorporation05-10-2009
StatusActive
Postal code8792
Establishment units 1 location
NESCO
Abdijstraat 5, 8792 WaregemVervaardiging en loopvlakvernieuwing van rubberbanden en vervaardiging van binnenbanden
since 20092.182.135.754
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34010A0287/00W002 Flanders 1,980 m² - -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
17-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
04-06-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
19-12-2023
State Gazette act Director changes
RONNY VAN EECKHOUT
12-05-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
03-05-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
18-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
08-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
27-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
02-05-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
30-05-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
19-05-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2023
19-12-2023 VANNESTE Maxime John Joseph appointed as director Director changes·RONNY VAN EECKHOUT
  • VANNESTE Maxime John Joseph, Bestuurder
Notary: RONNY VAN EECKHOUT · Waregem
Technical details 
{
  "events": [
    {
      "kind": "board_snapshot",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "VANNESTE Denis",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "VANNESTE Maxime John Joseph",
        "address": null,
        "birth_date": "2006-09-20",
        "profession": null,
        "birth_place": "Kortrijk"
      },
      "reason": null,
      "subkind": "successor_conditional",
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": "VANNESTE Maxime John Joseph",
      "rep_rotation_old_rep": "VANNESTE Denis",
      "effective_date_qualifier": null
    },
    {
      "kind": "decharge_granted",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "VANNESTE Denis",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": "RONNY VAN EECKHOUT",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Waregem",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-12-19",
    "filing_date": "2023-12-14",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-12-07",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0819.365.631",
    "name_full": "NESCO",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Ronny Van Eeckhout",
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "uitgifte van de akte",
    "geco\u00F6rdineerde statuten"
  ],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE) Crossroads Bank
Activities
Groothandel in fietsen46495Groothandel in fietsen46495Handelsbemiddeling en groothandel in motorfietsen en delen en toebehoren van motorfietsen45401Groothandel in informatie- en communicatieapparatuur46500Groothandel in elektronische en telecommunicatieapparatuur en delen daarvan46520Groothandel in motorfietsen, delen en toebehoren van motorfietsen46730Niet-gespecialiseerde groothandel46900Niet-gespecialiseerde groothandel46900Detailhandel in overige sportartikelen47639Detailhandel in sport- en kampeerartikelen in gespecialiseerde winkels47640Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires in gespecialiseerde winkels (algemeen assortiment)47716Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)47716
Primary activity highlighted.
Names & trade names
Legal nameNL NESCO
Registered office
Abdijstraat 5
8792 Waregem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Same NACE
SALES FORCE CONSULTANCY GROUP BE 0443.869.525 · Sint-Niklaas
WIKI SPORTS BE 0454.602.574 · Genk
Elektriciteit in jouw fiets BE 0791.407.459 · Lichtervelde
Bracke - Scheirlinckx BE 0755.322.667 · Geraardsbergen
LC TECH BE 0765.397.405 · Zedelgem
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative