NESTCOM
ActiveSummary
The computed 12-month bankruptcy probability of NESTCOM is 1.8% (moderate). The 2024 annual accounts show equity of €214,981 and a net result of -€3,151. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 1856 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability49▲+7
Solvency41▲+1
Growth58=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.04 in 2023; short-term debt: 17.2% and cash: 1.7% of total assets), and 84.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
15.6%
Return on assets
-0.2%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year -€3,151
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 11-06-2026, 50 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
50 d early
2024
83 d early
2023
138 d early
2022
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 72 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 26 May (3 of the last 4 filed years within 49 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€214,981▼ 1.4%
2023 · €218,131
Total assets
€1.4m▼ 3.4%
2023 · €1.4m
Net result
-€3,151▲ 79.7%
2023 · -€15,553
Working capital
-€212,369▲ 1.0%
2023 · -€214,437
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€7,299-€12,603▲ 72.7%€22,388▲ 77.6%
Net result-€16,315below the sector's middle half--€15,553within the sector's middle half▲ 4.7%-€3,151within the sector's middle half▲ 79.7%
Equity€233,685above the sector's middle half-€218,131within the sector's middle half▼ 6.7%€214,981within the sector's middle half▼ 1.4%
Total assets€1.5mabove the sector's middle half-€1.4mabove the sector's middle half▼ 4.4%€1.4mabove the sector's middle half▼ 3.4%
Debt€1.3m-€1.2m▼ 4.0%€1.2m▼ 3.8%
Working capital-€48,961within the sector's middle half--€214,437below the sector's middle half▼ 338%-€212,369below the sector's middle half▲ 1.0%
Solvency15.7%within the sector's middle half-15.3%within the sector's middle half▼ 0.4pp15.6%within the sector's middle half▲ 0.3pp
Current ratio0.28within the sector's middle half-0.04below the sector's middle half▼ 0.240.10below the sector's middle half▲ 0.06
Return on assets (ROA)-1.1%within the sector's middle half--1.1%within the sector's middle half=-0.2%within the sector's middle half▲ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 78% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.4m ▼ 4.5%
Current assets
€24,077 ▲ 176%
Equity and liabilities €1.4m
Equity
€214,981 ▼ 1.4%
Debt
€1.2m ▼ 3.8%
Debt's share of the balance-sheet total falls from 84.7% to 84.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€91,006▲
2023 · €80,407
Cash flow
€65,467▲
2023 · €52,251
Debt to equity
5.41▼
2023 · 5.54
ROE
-1.5%▲
2023 · -7.1%
Interest coverage
3.65▲
2023 · 2.93
Debt ≤ 1 year
€236,445▲
2023 · €223,163
Debt > 1 year
€924,301▼
2023 · €982,848
Income taxes
€630▼
2023 · €709
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 441 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
1.6%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 441 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €48 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64,863 | €67,804 | €68,618 | ▲ 1.2% |
| Other operating charges640/8 | €3,004 | €10,051 | €7,084 | ▼ 29.5% |
| Gross operating margin9900 | €75,215 | €90,457 | €98,091 | ▲ 8.4% |
| Operating profit (loss)9901 | €7,299 | €12,603 | €22,388 | ▲ 77.6% |
| Financial income75/76B | €13 | €8 | €0 | ▼ 99.6% |
| Recurring financial income75 | €13 | €8 | €0 | ▼ 99.6% |
| Financial charges65/66B | €22,050 | €27,456 | €24,909 | ▼ 9.3% |
| Recurring financial charges65 | €22,050 | €27,456 | €24,909 | ▼ 9.3% |
| Profit (loss) for the period before taxes9903 | -€14,738 | -€14,844 | -€2,521 | ▲ 83.0% |
| Income taxes67/77 | €1,577 | €709 | €630 | ▼ 11.1% |
| Profit (loss) for the period9904 | -€16,315 | -€15,553 | -€3,151 | ▲ 79.7% |
| Profit (loss) for the period to be appropriated9905 | -€16,315 | -€15,553 | -€3,151 | ▲ 79.7% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.5m | €1.4m | €1.4m | ▼ 3.4% |
| Fixed assets21/28 | €1.5m | €1.4m | €1.4m | ▼ 4.5% |
| Intangible fixed assets21 | €9,049 | €8,049 | €7,049 | ▼ 12.4% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | €1.3m | ▼ 4.5% |
| Land and buildings22 | €1.3m | €1.2m | €1.2m | ▼ 3.6% |
| Plant, machinery and equipment23 | €182,897 | €163,322 | €145,628 | ▼ 10.8% |
| Furniture and vehicles24 | €3,499 | €2,716 | €1,934 | ▼ 28.8% |
| Current assets29/58 | €19,373 | €8,726 | €24,077 | ▲ 176% |
| Amounts receivable within one year40/41 | €2,153 | €782 | €14 | ▼ 98.2% |
| Trade receivables40 | €2,153 | €480 | - | - |
| Other amounts receivable41 | - | €302 | €14 | ▼ 95.4% |
| Cash at bank and in hand54/58 | €16,546 | €7,273 | €24,023 | ▲ 230% |
| Deferred charges and accrued income490/1 | €673 | €671 | €40 | ▼ 94.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.4m | ▼ 3.4% |
| Equity10/15 | €233,685 | €218,131 | €214,981 | ▼ 1.4% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | = |
| Outside capital11 | €250,000 | €250,000 | €250,000 | = |
| Other1109/19 | €250,000 | €250,000 | €250,000 | = |
| Profit (loss) carried forward14 | -€16,315 | -€31,869 | -€35,019 | ▼ 9.9% |
| Amounts payable17/49 | €1.3m | €1.2m | €1.2m | ▼ 3.8% |
| Amounts payable after more than one year17 | €1.2m | €982,848 | €924,301 | ▼ 6.0% |
| Financial debts170/4 | €1.0m | €982,848 | €924,301 | ▼ 6.0% |
| Other amounts payable178/9 | €148,642 | - | - | - |
| Amounts payable within one year42/48 | €68,334 | €223,163 | €236,445 | ▲ 6.0% |
| Current portion of amounts payable after more than one year42 | €60,290 | €61,204 | €62,137 | ▲ 1.5% |
| Trade debts44 | €5,938 | €465 | €10,038 | ▲ 2,059% |
| Suppliers440/4 | €5,938 | €465 | €10,038 | ▲ 2,059% |
| Advances received on contracts in progress46 | €500 | €693 | €665 | ▼ 4.0% |
| Taxes, remuneration and social security45 | €1,606 | €2,581 | €4,132 | ▲ 60.1% |
| Taxes450/3 | €1,606 | €2,581 | €4,132 | ▲ 60.1% |
| Other amounts payable47/48 | - | €158,220 | €159,474 | ▲ 0.8% |
| Accrued charges and deferred income492/3 | - | €1,540 | €1,469 | ▼ 4.6% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,315 | -€15,553 | -€3,151 | ▲ 79.7% |
| + Depreciation and write-downs630 | €64,863 | €67,804 | €68,618 | ▲ 1.2% |
| Operating cash flow (approximation) | €48,548 | €52,251 | €65,467 | ▲ 25.3% |
| Investment in fixed assets (approximation) | - | -€12,939 | -€4,781 | ▲ 63.0% |
| Change in cash | - | -€9,274 | €16,751 | ▲ 281% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Middelkerke · 1 establishment unit since 2021
Ground area
5.2 ha
Building footprint
342 m²
Volume, LiDAR
1,594 m³
Parcel 35018C0564/00W000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NESTCOM
since 20212.324.640.731
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35018C0564/00W000 | Flanders | 5.2 ha | 1 · 342 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
Food safety, FASFC
1 siteMiddelkerke2.324.640.731
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Of 3,007 companies in sector 55203 we hold annual accounts for 694. 503 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
01420Raising of other cattle and buffaloes
01500Mixed farming
55204Guest rooms (bed and breakfast)
55209Other holiday and short-stay accommodation
96230Day spas, saunas and steam baths
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777285150
Also
9925:BE0777285150
Registered
05-03-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.