Financials
- Financial year
- 2025
- Total assets
- €882,136
- Profit
- €39,251
- Solvency
- 31.8%
NEST
ActiveSummary
NEST has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €280,359 and a net result of €39,251, of which €21,305 non-recurring income. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 33% of 34,728 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
Painting of buildings
NACE 43341
3 sites
Size
€882,136total assets 2025
- Staff
- 1.9 FTE
- Equity
- €280,359
- Profit
- €39,251
Turnover not published (micro format)
Structure
- Denneb VervaekeDirector
2025 accounts filed 61 days late1 of 4 deeds summarised
Why 71raises riskLast filed accounts filed 61 days late; 2 of the last 3 lateSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 2.10, cash €200,547Size: total assets €882,136Show the evidence
Checked score
Score 2025
71
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 53% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Strong
Solvency
57+9
equity 31.8% of total assets
Liquidity
71-8
short-term debt 21.5% · cash 22.7%
Profitability
74-4
return on assets 4.4%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.6%
12-2024: 0.6%● unchanged vs 11-2024
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025lowest value
06-2025: 0.7%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 1.1%▲ +0.4 percentage points vs 07-2025
09-2025: 1.3%▲ +0.2 percentage points vs 08-2025
10-2025: 2.1%▲ +0.8 percentage points vs 09-2025highest value
11-2025: 0.7%▼ -1.4 percentage points vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.6%▼ -0.1 percentage points vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.7%▲ +0.1 percentage points vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.8%▲ +0.1 percentage points vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.3%▲ +0.5 percentage points vs 07-2026
09-2026: 1.5%▲ +0.2 percentage points vs 08-2026
10-2026: 0.6%▼ -0.9 percentage points vs 09-2026
Credit of up to €19,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.1, compared with 1.44 in 2024, above the usual 1.5; short-term debt: 21.5% and cash: 22.7% of total assets), but 68.2% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 33% on solvency, 70% on liquidity, 47% on profitability and 64% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 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 · 7 filingsDeviation from the deadline
2025
61 days late
2024
61 days late
2023
30 days late
2022
210 days late
2021
330 days late
2020
27 days late
2019
122 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 120 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% 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 30 September (4 of the last 5 filed years within 149 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Equity above €200,000equity €241,108 ▲51.3%
Key points
By topic
Board & ownership
- Board
- 1 member
- Denneb VervaekeDirector
Timeline
- Events
- 12
- Since
- 2020
- Next accounts
- by 31-07-2027
- 30-08-2024Annual accounts filed
- 26-02-2024Annual accounts filed
- 18-07-2023Resignation: Denneb Vervaeke (niet statutaire zaakvoerder)
Company details
- Sites
- 3
- Legal form
- Private limited company
- Activity
- Painting of buildingsNACE 43341
- Founded
- 27-12-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 34
- Annual meeting
- Third Friday of June at 17:00
Key facts about NEST
- What is the company number of NEST?
- 0716.891.663. In Belgium the VAT number is the company number with BE in front: BE 0716.891.663.
- Where is NEST based?
- The registered office is at Willem Denyslaan(Mar) 7, 8510 Kortrijk.Company details
- What does NEST do?
- According to the KBO register, the main activity is painting of buildings (NACE 43341).
- What is the legal form of NEST?
- Private limited company (BV).
- When was NEST founded?
- On 27-12-2018.
- Is NEST still active?
- Yes, NEST is an active enterprise in the KBO register.
- How many employees does NEST have?
- On average 1.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of NEST?
- €551,435 in financial year 2019, according to the filed annual accounts.
- Is NEST profitable?
- In financial year 2025, NEST made a profit of €39,251.
- Where can I find the annual accounts of NEST?
- NEST filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NEST due?
- By 31-07-2027, for financial year 2026.Timeline
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