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NESPART

Active
Private limited companyfounded 20197 yrs activeDrève Richelle 161K, 1410 Waterloo, BelgiumKBO/BCE: BE 0721.600.024
Summary

The computed 12-month bankruptcy probability of NESPART is 6.6% (elevated). The 2024 annual accounts show equity of €1.2m and a net result of €1.3m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 38% of 6131 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
NESPARTActiveChecked score 38/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46497Non-specialised wholesale trade NACE 46900
1 site
Size
€3.7mtotal assets 2024
Staff
6.6 FTE
Equity
€1.2m
Profit
€1.3m
Financial health
38 Weak Checked score 2024
Bankruptcy chance 12 m
6.6%
Structure
Parent
WGG HOLDING · 100%
Accounts 66 d overdue1 of 5 deeds read
Why 38- Figures for FY 2024 (filed 07-11-2025)- 1 change of registered office in 24 months- 1 financial year not filed after the legal deadline; latest accounts 99 days late; 1 of the last 3 late+ Liquidity: current ratio 1.97, cash €490,422Show the evidence

Checked score

Score 2024
38 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 69% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 57+4
equity 31.8% of total assets
Liquidity 43+20
short-term debt 47.1% · cash 13.2%
Profitability 100+10
return on assets 35.8%
Bankruptcy probability, 12 months
6.6% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,865 companies)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● 0.0% vs 11-2024 01-2025: 0.6%▼ -0.6% vs 12-2024lowest value 02-2025: 0.6%▲ +1.4% vs 01-2025 03-2025: 0.6%▼ -1.3% vs 02-2025 04-2025: 0.7%▲ +13.2% vs 03-2025 05-2025: 0.7%▲ +2.4% vs 04-2025 06-2025: 0.8%▲ +9.4% vs 05-2025 07-2025: 1.0%▲ +21.8% vs 06-2025 08-2025: 1.6%▲ +63.9% vs 07-2025 09-2025: 1.9%▲ +16.1% vs 08-2025 10-2025: 3.3%▲ +79.8% vs 09-2025 11-2025: 3.4%▲ +2.6% vs 10-2025 12-2025: 0.8%▼ -76.6% vs 11-2025 01-2026: 0.8%▲ +0.6% vs 12-2025 02-2026: 0.8%● 0.0% vs 01-2026 03-2026: 0.9%▲ +16.8% vs 02-2026 04-2026: 1.6%▲ +74.5% vs 03-2026 05-2026: 1.8%▲ +10.7% vs 04-2026 06-2026: 1.9%▲ +6.9% vs 05-2026 07-2026: 2.2%▲ +13.5% vs 06-2026 08-2026: 3.3%▲ +49.3% vs 07-2026 09-2026: 3.7%▲ +13.9% vs 08-2026 10-2026: 6.6%▲ +76.8% vs 09-2026highest value
  • Figures for FY 2024 (filed 07-11-2025) raises the probability
  • 1 change of registered office in 24 months raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 99 days late; 1 of the last 3 late raises the probability
  • Liquidity: current ratio 1.97, cash €490,422 lowers the probability
Credit up to €45,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.97 against 1.46 in 2023; short-term debt: 47.1% and cash: 13.2% of total assets), but 68.2% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 42%, liquidity 41%, profitability 95%, growth against the median 96%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Figures for FY 2024 (filed 07-11-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · 1 financial year not filed after the legal deadline; latest accounts 99 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Liquidity: current ratio 1.97, cash €490,422
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-11-2025, 99 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filings
Deviation from the deadline
2025
not confirmed
2024
99 d late
2023
126 d early
2022
18 d early
2021
12 d late
2020
5 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 6 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Registered officeRegistered-office move
  2. Annual accounts filedfiscal year 2024 · full…
  3. Highest result since 2019net €1.3m ▲380%

Key points

  • Positive: Result rose in 2024from €277,445 to €1.3m ▲ 380% View
  • Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
  • Positive: Among the best 16% on net resultsector median €91,096 · 6,142 companies €1.3m View
  • Controlled by WGG HOLDING 100% View

By topic

Financials

Fiscal year
2024
Total assets
€3.7m
Profit
€1.3m
Solvency
31.8%
Total assets▲ 130%
Net result
20192024
Go to Financials

Timeline

Events
12
Since
2020
  1. 20-03-2026Registered office
  2. 07-11-2025Annual accounts filed
  3. 31-12-2024Highest result since 2019
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale tradeNACE 46497
Founded
26-02-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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