NESTAAN ENGINEERING
ActiveNESTAAN ENGINEERING has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €12k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 38% of 18281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+17
Solvency45▼-18
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.62 in 2024; short-term debt: 80% and cash: 6.2% of total assets), and 80.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
19.8%
Return on assets
7.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €31k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
31 d early
2023
28 d late
2022
30 d late
2021
53 d early
2020
25 d late
2019
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▲ 36.6%
2024 · €23k
2018: €23k
2019: €25k
2020: €27k
2021: €29k
2022: €26k
2023: €22k
2024: €23k
2018 → 2025
Total assets
€156k▲ 165%
2024 · €59k
2018: €189k
2019: €191k
2020: €192k
2021: €195k
2022: €193k
2023: €72k
2024: €59k
2018 → 2025
Net result
€12k▲ 3,070%
2024 · €363
2018: €3k
2019: €2k
2020: €1k
2021: €2k
2022: €-2k
2023: €-4k
2024: €363
2018 → 2025
Working capital
€31k▲ 38.1%
2024 · €23k
2018: €24k
2019: €26k
2020: €27k
2021: €29k
2022: €27k
2023: €23k
2024: €23k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€29k-€26k▼ 8.5%€22k▼ 14.9%€23k▲ 1.6%€31k▲ 36.6%
Operating result€-2k-€-1k▲ 27.5%€-1k▲ 5.3%€-1k▼ 7.1%€-3k▼ 195%
Net result€2k-€-2k€-4k▼ 59.4%€363€12k▲ 3,070%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €1k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €156k
Equity
€31k▲ 36.6%
Debt
€125k▲ 244%
The debt ratio rises from 61.7% to 80.2%. Equity and debt are higher.
Key figures and ratios
Solvency
19.8%▼
2024 · 38.3%
Current ratio
1.25▼
2024 · 1.62
Quick ratio
1.25▼
2024 · 1.62
Debt / equity
4.05▲
2024 · 1.61
ROE
37.4%▲
2024 · 1.6%
ROA
7.4%▲
2024 · 0.6%
Debt
€125k▲
2024 · €36k
Debt ≤ 1 year
€124k▲
2024 · €36k
Income taxes
€4k▲
2024 · €985
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€59k€156k▲
Current assets29/58€59k€156k▲
Amounts receivable within one year40/41-€22k
Trade receivables40-€19k
Other amounts receivable41-€3k
Current investments50/53€58k€124k▲
Cash at bank and in hand54/58€1k€10k▲
Equity and liabilities
Total equity and liabilities10/49€59k€156k▲
Equity10/15€23k€31k▲
Contributions10/11€19k€19k=
Reserves13€8k€12k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€6k€12k▲
Profit (loss) carried forward14€-4k-
Amounts payable17/49€36k€125k▲
Amounts payable within one year42/48€36k€124k▲
Trade debts44€126€8k▲
Suppliers440/4€126€8k▲
Taxes, remuneration and social security45€113-
Taxes450/3€113-
Other amounts payable47/48€36k€117k▲
Accrued charges and deferred income492/3€21€372▲
Income statement
Code20242025
Other operating charges640/8€513€1k▲
Gross operating margin9900€-605€-2k▼
Operating profit (loss)9901€-1k€-3k▼
Financial income75/76B€4k€20k▲
Recurring financial income75€4k€20k▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€1k€15k▲
Income taxes67/77€985€4k▲
Profit (loss) for the period9904€363€12k▲
Profit (loss) for the period to be appropriated9905€363€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€8k▲
Profit (loss) brought forward from the previous period14P€-4k€-4k▲
Transfer from equity791/2-€7k
Transfer to equity691/2-€12k
To other reserves6921-€12k
Profit to be distributed694/7-€3k
Return on contributions (dividend)694-€3k
The notes to these accounts (1 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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €12k ▲3070%
Net result €12k, the highest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €363
Net result €363 after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit 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.
1 establishment unit
Rue du Bois des Hospices(BL) 2, 7522 Tournai
since 20022.114.355.322
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.
Recognitions · licences · registrations
Legal Entity Identifier
54930068MPMM7B65PC60
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Of 1,720 companies in sector 47521 we hold annual accounts for 1,288. 551 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-07-2002
Fiscal year end31-12
Activities, NACEBEL
47521Retail sale of hardware, building materials, paint and glass (general range)
46900Non-specialised wholesale trade
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.