NESTAS
ActiveNESTAS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €8.80M and a net result of €172k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 43% of 9690 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
37 d early
2022
54 d early
2021
47 d early
2020
37 d early
2019
43 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€8.80M▲ 2.0%
2023 · €8.63M
2018: €5.41M
2019: €5.97M
2020: €7.18M
2021: €8.09M
2022: €8.38M
2023: €8.63M
2018 → 2024
Net result
€172k▼ 29.7%
2023 · €244k
2018: €563k
2019: €559k
2020: €1.21M
2021: €906k
2022: €297k
2023: €244k
2018 → 2024
Total assets
€36.40M▲ 0.5%
2023 · €36.22M
2018: €10.91M
2019: €12.45M
2020: €12.24M
2021: €16.17M
2022: €36.64M
2023: €36.22M
2018 → 2024
Solvency
24.2%▲ 0.4pp
2023 · 23.8%
2018: 49.6%
2019: 47.9%
2020: 58.7%
2021: 50.0%
2022: 22.9%
2023: 23.8%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€5.99M-€6.37M▲ 6.3%€4.78M▼ 24.9%€5.69M▲ 18.9%€6.88M▲ 21.0%
Equity€7.18M-€8.09M▲ 12.6%€8.38M▲ 3.7%€8.63M▲ 2.9%€8.80M▲ 2.0%
Operating result€1.74M-€1.27M▼ 26.7%€606k▼ 52.5%€1.01M▲ 67.0%€1.06M▲ 4.5%
Net result€1.21M-€906k▼ 25.4%€297k▼ 67.2%€244k▼ 17.7%€172k▼ 29.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 4% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €36.40M
Equity
€8.80M▲ 2.0%
Debt
€27.60M=
The debt ratio falls from 76.2% to 75.8%: equity grows faster than debt.
Key figures and ratios
Solvency
24.2%▲
2023 · 23.8%
ROE
2.0%▼
2023 · 2.8%
ROA
0.5%▼
2023 · 0.7%
Debt
€27.60M=
2023 · €27.59M
Debt ≤ 1 year
€17.43M▼
2023 · €17.50M
Debt > 1 year
€10.00M=
2023 · €10.00M
Income taxes
€67k▼
2023 · €99k
Staff costs
€788k▼
2023 · €856k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€36.22M€36.40M▲
Current assets29/58€36.22M€36.40M▲
Stocks and contracts in progress3€36.04M€35.56M▼
Stocks30/36€36.04M€35.50M▼
Contracts in progress37-€68k
Amounts receivable within one year40/41€40k€56k▲
Trade receivables40€3k€5k▲
Other amounts receivable41€37k€52k▲
Cash at bank and in hand54/58€135k€760k▲
Deferred charges and accrued income490/1€6k€23k▲
Equity and liabilities
Total equity and liabilities10/49€36.22M€36.40M▲
Equity10/15€8.63M€8.80M▲
Contributions10/11€4.25M€4.25M=
Capital10€4.25M€4.25M=
Issued capital100€4.25M€4.25M=
Reserves13€1.06M€636k▼
Non-distributable reserves130/1€425k€425k=
Legal reserve130€425k€425k=
Tax-exempt reserves132€632k€211k▼
Profit (loss) carried forward14€3.32M€3.92M▲
Amounts payable17/49€27.59M€27.60M=
Amounts payable after more than one year17€10.00M€10.00M=
Financial debts170/4€10.00M€10.00M=
Amounts payable within one year42/48€17.50M€17.43M▼
Financial debts43€16.93M€16.83M▼
Credit institutions430/8€11.91M€11.30M▼
Other loans439€5.03M€5.53M▲
Trade debts44€34k€105k▲
Suppliers440/4€34k€105k▲
Advances received on contracts in progress46€296k€382k▲
Taxes, remuneration and social security45€204k€116k▼
Taxes450/3€97k€28k▼
Remuneration and social security454/9€107k€89k▼
Other amounts payable47/48€39k€4k▼
Accrued charges and deferred income492/3€92k€171k▲
Income statement
Code20232024
Turnover70€5.69M€6.88M▲
Goods, raw materials, services and sundry goods60/61€3.81M€5.14M▲
Remuneration, social security and pensions62€856k€788k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€1.87M€1.85M▼
Operating profit (loss)9901€1.01M€1.06M▲
Financial income75/76B€11k€2k▼
Recurring financial income75€11k€2k▼
Financial charges65/66B€679k€820k▲
Recurring financial charges65€679k€820k▲
Profit (loss) for the period before taxes9903€344k€239k▼
Income taxes67/77€99k€67k▼
Profit (loss) for the period9904€244k€172k▼
Transfer from tax-exempt reserves789€1.09M€421k▼
Profit (loss) for the period to be appropriated9905€1.33M€593k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.38M€3.92M▲
Profit (loss) brought forward from the previous period14P€2.04M€3.32M▲
Transfer to equity691/2€54k-
To the legal reserve6920€54k-
Social balance
Average headcount (FTE)90878.87.4▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €172k ▼29.7%
Net result drops to €172k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €1.21M ▲117%
Operating result €1.74M, net result €1.21M, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
22 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, Gent · 1 establishment unit since 2003
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.
Landegemstraat 109031 GentGround area
1.1 ha
Building footprint
744 m²
Parcel 44017D0799/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
NESTAS N.V.
since 20032.132.916.172
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D0799/00D000 | Flanders | 1.1 ha | 1 · 744 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
9845005F0B6F9DFD6A93
Similar companies · same sector, comparable size
SEBIOG-INVEST
BE 0809.122.332
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PELEMAN PROPERTIES
BE 0456.925.428
Puurs-Sint-Amands · Eq €8.80M
ILICO
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Comines-Warneton · Eq €8.80M
L.C.-PARTNERS
BE 0447.434.769
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KEMSEKE INVEST
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Menen · Eq €8.82M
Of 24,636 companies in sector 64210 we hold annual accounts for 19,688. 6,382 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-06-2003
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
68121Development of residential building projects
70111
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.