Equity
Equity fell by 92% in 1 year.
Equity fell by 92% in 1 year.
The micro format states no turnover.
Of this, €156,213 falls due within a year.
Short-term debts rose from €57,621 to €156,213.
The 2021 accounts came 11 days late. The other four were filed on time.
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 68, micro). It does better than 23% of them on solvency, 86% on liquidity, 46% on profitability and 6% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,153 companies had the same profile as Nest Development has now. Each dot stands for 6 companies, two years later.
The bankruptcy probability of Nest Development itself is lower: 0.2% within 12 months. It rests on far more data about Nest Development than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,153 companies, not a prediction for Nest Development. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.34 (6.39 in 2024), above the usual 1.5. Short-term debt is 42.8% and cash 81.8% of total assets. However, 97.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 18 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Nest Development Lokeren | €365,237 | €41,382 | 2.4% | - |
| PEZEWEVER Lokeren | €365,727 | €54,121 | 57.3% | - |
| Uw-Vastgoed Beveren-Kruibeke-Zwijndrecht | €338,020 | €45,983 | 10.7% | 0 |
| HIMPE EN C° Ronse | €343,914 | €44,491 | -0.2% | - |
| SEAL-IT-INVEST Waasmunster | €437,366 | €49,517 | 4.0% | - |
| Juloods Izegem | €374,966 | €34,486 | 55.7% | - |
| HOUTKANT RETAIL Herent | €395,251 | €34,039 | 16.4% | - |
These companies have the same main activity as Nest Development: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €338,000 and €437,000, founded between 2019 and 2021.
Nest Development files the micro format. That format states no turnover. The gross margin rose from €12,480 in 2021 to €41,382 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €62,000 and €230,000.
Higher than 24% of 17,190 companies in 2025.
Higher than 71% of 16,487 companies in 2025.
Higher than 71% of 16,866 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
365,237 | 368,423 | 360,365 | 292,183 | 28,459 | |
20 |
- | 0 | 0 | - | - | |
21/28 |
200 | - | - | - | - | |
28 |
200 | - | - | - | - | |
29/58 |
365,037 | 368,423 | 360,365 | 292,183 | 28,459 | |
3 |
0 | 200,095 | 248,786 | 182,075 | - | |
30/36 |
0 | 200,095 | 248,786 | 182,075 | - | |
40/41 |
47,938 | 121,977 | 107,299 | 88,887 | - | |
40 |
47,938 | 970 | 19,692 | - | - | |
41 |
0 | 121,007 | 87,607 | 88,887 | - | |
54/58 |
298,806 | 46,117 | 3,430 | 21,028 | 28,459 | |
490/1 |
18,293 | 234 | 850 | 192 | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
365,237 | 368,423 | 360,365 | 292,183 | 28,459 | |
10/15 |
8,727 | 110,801 | -3,286 | -5,730 | 8,823 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
13 |
6,727 | 6,727 | 6,727 | 6,727 | 6,727 | |
130/1 |
0 | 6,727 | 6,727 | 6,727 | 6,727 | |
1311 |
0 | 6,727 | 6,727 | 6,727 | 6,727 | |
133 |
6,727 | - | - | - | - | |
14 |
0 | 102,074 | -12,013 | -14,457 | 96 | |
17/49 |
356,510 | 257,621 | 363,651 | 297,913 | 19,636 | |
17 |
200,000 | 200,000 | - | - | - | |
170/4 |
200,000 | 200,000 | - | - | - | |
42/48 |
156,213 | 57,621 | 363,651 | 297,913 | 19,636 | |
42 |
- | - | 160,000 | 59,228 | - | |
44 |
2,189 | 15,498 | 3,651 | 38,685 | 552 | |
440/4 |
2,189 | 15,498 | 3,651 | 38,685 | 552 | |
45 |
57,380 | 42,056 | - | - | 6,994 | |
450/3 |
51,377 | 42,056 | - | - | 6,994 | |
454/9 |
6,003 | - | - | - | - | |
47/48 |
96,645 | 67 | 200,000 | 200,000 | 12,090 | |
492/3 |
297 | - | - | - | - | |
| Income statement | ||||||
76A |
0 | 5,434 | 5,576 | - | - | |
9900 |
41,382 | 161,632 | 12,592 | -13,190 | 12,480 | |
630 |
- | - | - | - | 1,070 | |
640/8 |
2,923 | 628 | 2,836 | 872 | - | |
9901 |
38,459 | 161,004 | 9,756 | -14,063 | 11,410 | |
75/76B |
2,520 | 3,009 | 83 | 496 | - | |
75 |
2,520 | 3,009 | 83 | 496 | - | |
65/66B |
1,399 | 7,926 | 7,395 | 987 | 611 | |
65 |
1,399 | 7,926 | 7,395 | 987 | 611 | |
9903 |
39,581 | 156,087 | 2,444 | -14,553 | 10,799 | |
67/77 |
11,273 | 42,000 | - | -0 | 2,833 | |
9904 |
28,308 | 114,087 | 2,444 | -14,553 | 7,966 | |
9905 |
28,308 | 114,087 | 2,444 | -14,553 | 7,966 | |
| Appropriation of the result | ||||||
9906 |
130,382 | 102,074 | -12,013 | -14,457 | 7,966 | |
14P |
102,074 | -12,013 | -14,457 | 96 | - | |
691/2 |
- | - | - | - | 6,727 | |
6921 |
- | - | - | - | 6,727 | |
694/7 |
130,382 | - | - | - | 1,143 | |
694 |
130,382 | - | - | - | 1,143 | |
| Document | ||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00348736 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00194653 | |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00193696 | |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00146576 | |
| 31-12-2021 | micro format | 11-08-2022 | 2022-20283265 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| - | - | - | - | 12,480 | ||
| - | - | - | - | 9,036 | ||
| 200 | - | - | - | 1,070 | ||
| 252,689 | 42,687 | -17,599 | -7,431 | - | ||
| 208,824 | 310,801 | -3,286 | -5,730 | 8,823 | ||
| 2.4% | 30.1% | -0.9% | -2.0% | 31.0% | ||
| 2.34 | 6.39 | 0.99 | 0.98 | 1.45 | ||
| 2.34 | 2.92 | 0.31 | 0.37 | 1.45 | ||
| 40.85 | 2.33 | - | - | 2.23 | ||
| 324.4% | 103.0% | - | - | 90.3% | ||
| 7.8% | 31.0% | 0.7% | -5.0% | 28.0% | ||
| - | - | - | - | 20.43 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €1,070 |
| Financial fixed assets | €200 | - | - | - | - |
| - | - | - | - | €1,070 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 76% lower than in 2024.
Debt's share of the balance-sheet total rises from 69.9% to 97.6%. Equity is lower and debt is higher.
Nest Development has no parent and no holdings in its annual accounts. AUMAN Pieter-Jan is the only director.
| ELAS
registered office since 02-11-2020 |
founded in 2020 0757.713.817 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Nest Development was incorporated on 29 October 2020 as a private limited company by one natural person, with a starting capital of €2,000.12 The registered office was moved to Lokeren in 2026.3 AUMAN Pieter-Jan is director of the company, appointed by deed of 03-11-2020.2 Total assets rose from €28,459 in 2021 to €365,237 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| ELAS, ELAS-woningbouw, nest-development registered office Kriktestraat 34, 9160 Lokeren | 29-10-2020 | 2.309.122.117 |
| 02-05-2022 | Granted | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 25-02-2022 · project 2022029287 | Aalst |
| 23-02-2022 | Discontinued | Bouwen of herbouwen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen submitted 10-01-2022 · project 2022001986 | Aalst |
| 23-11-2021 | Discontinued | Bouwen of herbouwen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen submitted 18-10-2021 · project 2021162427 | Aalst |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46014A1760/00F000 | 1,369 m² | 1 · 248 m² | 8.1 m · 1 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0757.614.045
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