NESTAAN
ActiveNESTAAN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.27M and a net result of €78k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 70% of 265 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-8
Solvency90▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 3.11 against 3.8 in 2024; short-term debt: 13.1% and cash: 8.1% of total assets), and 35.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64.8%
Return on assets
2.2%
Age of the figures
15 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
29 d early
2023
41 d early
2022
34 d early
2021
40 d early
2020
53 d early
2019
16 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.27M▲ 1.3%
2024 · €2.24M
2019: €1.49M
2020: €1.56M
2021: €1.61M
2022: €1.70M
2023: €1.91M
2024: €2.24M
2019 → 2025
Total assets
€3.50M▼ 5.0%
2024 · €3.68M
2019: €3.63M
2020: €3.72M
2021: €3.40M
2022: €4.29M
2023: €3.61M
2024: €3.68M
2019 → 2025
Net result
€78k▼ 76.8%
2024 · €338k
2019: €-36k
2020: €86k
2021: €59k
2022: €88k
2023: €224k
2024: €338k
2019 → 2025
Working capital
€964k▼ 9.0%
2024 · €1.06M
2019: €-840k
2020: €-1.12M
2021: €-833k
2022: €567k
2023: €633k
2024: €1.06M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.61M-€1.70M▲ 5.8%€1.91M▲ 12.3%€2.24M▲ 17.1%€2.27M▲ 1.3%
Operating result€62k-€96k▲ 53.5%€297k▲ 210%€432k▲ 45.5%€99k▼ 77.2%
Net result€59k-€88k▲ 48.0%€224k▲ 154%€338k▲ 51.3%€78k▼ 76.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 77% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.50M
Fixed assets
€2.08M▼ 7.4%
Current assets
€1.42M▼ 1.1%
Equity and liabilities €3.50M
Equity
€2.27M▲ 1.3%
Provisions
€37k
Debt
€1.19M▼ 17.3%
The debt ratio falls from 39.2% to 34.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€380k▼
2024 · €692k
Cash flow
€360k▼
2024 · €598k
Solvency
64.8%▲
2024 · 60.8%
Current ratio
3.11▼
2024 · 3.80
Quick ratio
2.27▼
2024 · 2.39
Debt / equity
0.53▼
2024 · 0.65
ROE
3.5%▼
2024 · 15.1%
ROA
2.2%▼
2024 · 9.2%
Interest coverage
15.03▼
2024 · 21.19
Debt
€1.19M▼
2024 · €1.44M
Debt ≤ 1 year
€456k▲
2024 · €378k
Debt > 1 year
€720k▼
2024 · €1.04M
Income taxes
€43k▼
2024 · €110k
Staff costs
€549k▲
2024 · €376k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.68M€3.50M▼
Fixed assets21/28€2.24M€2.08M▼
Intangible fixed assets21€53k€52k▼
Tangible fixed assets22/27€2.19M€2.02M▼
Land and buildings22€1.25M€1.19M▼
Plant, machinery and equipment23€799k€690k▼
Furniture and vehicles24€136k€141k▲
Other tangible fixed assets26€1k€958▼
Current assets29/58€1.44M€1.42M▼
Stocks and contracts in progress3€534k€383k▼
Stocks30/36€534k€383k▼
Amounts receivable within one year40/41€691k€712k▲
Trade receivables40€670k€652k▼
Other amounts receivable41€21k€60k▲
Cash at bank and in hand54/58€171k€284k▲
Deferred charges and accrued income490/1€41k€42k▲
Equity and liabilities
Total equity and liabilities10/49€3.68M€3.50M▼
Equity10/15€2.24M€2.27M▲
Contributions10/11€519k€519k=
Capital10€519k€519k=
Issued capital100€519k€519k=
Reserves13€1.56M€1.64M▲
Non-distributable reserves130/1€52k€52k=
Legal reserve130€52k€52k=
Distributable reserves133€1.51M€1.58M▲
Investment grants15€159k€110k▼
Provisions and deferred taxes16-€37k
Deferred taxes168-€37k
Amounts payable17/49€1.44M€1.19M▼
Amounts payable after more than one year17€1.04M€720k▼
Financial debts170/4€38k€20k▼
Other amounts payable178/9€1.00M€700k▼
Amounts payable within one year42/48€378k€456k▲
Current portion of amounts payable after more than one year42€27k€18k▼
Trade debts44€269k€346k▲
Suppliers440/4€269k€346k▲
Taxes, remuneration and social security45€75k€93k▲
Taxes450/3€13k€10k▼
Remuneration and social security454/9€62k€83k▲
Other amounts payable47/48€7k-
Accrued charges and deferred income492/3€26k€17k▼
Income statement
Code20242025
Remuneration, social security and pensions62€376k€549k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€260k€282k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€553-
Other operating charges640/8€36k€31k▼
Gross operating margin9900€1.10M€961k▼
Operating profit (loss)9901€432k€99k▼
Financial income75/76B€49k€48k▼
Recurring financial income75€49k€48k▼
Financial charges65/66B€33k€25k▼
Recurring financial charges65€33k€25k▼
Profit (loss) for the period before taxes9903€448k€122k▼
Income taxes67/77€110k€43k▼
Profit (loss) for the period9904€338k€78k▼
Profit (loss) for the period to be appropriated9905€338k€78k▼
Appropriation of the result
Profit (loss) to be appropriated9906€338k€78k▼
Transfer to equity691/2€338k€78k▼
To other reserves6921€338k€78k▼
Social balance
Average headcount (FTE)90877.78.8▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2019net €338k ▲51.3%
Operating result €432k, net result €338k, both a record.
30-06
Financial
Equity above €2MEq €2.24M ▲17.1%
5 profitable years in a row build equity to €2.24M.
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Liquidity triplescurrent ratio 1.46
Current ratio from 0.53 to 1.46; short-term debt falls from €1.78M to €1.22M.
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Back to profitnet €86k
Net result €86k after one loss-making year.
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
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.
17-06-2024
Resigned as Director
17-06-2024
Resigned as Managing director
01-02-2016
Resigned as Managing director
Location & real-estate footprint
Registered office, Kortrijk · 2 establishment units since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leuzestraat(Bel) 1018510 KortrijkGround area
1.3 ha
Building footprint
7,676 m²
Volume, LiDAR
67,448 m³
2 parcels, Flanders, Wallonia · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
NESTAAN
since 20022.095.952.244
NESTAAN
since 20072.161.020.042
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57008D0179/00Y000 | Wallonia | 1.0 ha | 1 · 7,360 m² | 13.0 m · 3 fl. |
| 34005B0210/00A000 | Flanders | 2,659 m² | 1 · 316 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 6,666 EUR awarded · 6,666 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 255 EUR | 255 EUR |
| 2022 | 1 | 6,411 EUR | 6,411 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteTournai2.095.952.244
Legal Entity Identifier
549300XSI447U7OYLO40
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Of 62 companies in sector 23990 we hold annual accounts for 51. 40 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-03-2002
Fiscal year end30-06
Activities, NACEBEL
23990Manufacture of other non-metallic mineral products
26820
51210
46216Wholesale of agricultural produce and animal feed, general range
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.