NESTED
ActiveSummary
NESTED has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €391k and a net result of €187k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 1304 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency91▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.24 against 2.02 in 2024; short-term debt: 27.9% and cash: 76.1% of total assets), and 33.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
66.4%
Return on assets
31.7%
Age of the figures
18 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
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
4 d early
2024
20 d early
2023
88 d early
2022
on the day
2021
2 d late
2020
39 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€391k▲ 91.4%
2024 · €204k
2019: €28k
2020: €4k
2021: €-98k
2022: €-85k
2023: €-49k
2024: €204k
2019 → 2025
Total assets
€589k▲ 55.2%
2024 · €380k
2019: €41k
2020: €20k
2021: €38k
2022: €58k
2023: €79k
2024: €380k
2019 → 2025
Net result
€187k▼ 26.3%
2024 · €253k
2019: €8k
2020: €-24k
2021: €-102k
2022: €13k
2023: €36k
2024: €253k
2019 → 2025
Working capital
€368k▲ 107%
2024 · €178k
2019: €13k
2020: €-10k
2021: €-106k
2022: €-88k
2023: €-54k
2024: €178k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-98k-€-85k▲ 13.2%€-49k▲ 42.3%€204k€391k▲ 91.4%
Operating result€-101k-€13k€38k▲ 181%€322k▲ 754%€248k▼ 22.8%
Net result€-102k-€13k€36k▲ 177%€253k▲ 604%€187k▼ 26.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €589k
Fixed assets
€57k ▲ 115%
Current assets
€532k ▲ 50.7%
Equity and liabilities €589k
Equity
€391k ▲ 91.4%
Debt
€198k ▲ 12.9%
Debt's share of the balance-sheet total falls from 46.1% to 33.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€257k▼
2024 · €326k
Cash flow
€196k▼
2024 · €258k
Current ratio
3.24▲
2024 · 2.02
Debt to equity
0.51▼
2024 · 0.86
ROE
47.8%▼
2024 · 124.0%
ROA
31.7%▼
2024 · 66.8%
Interest coverage
49.97▼
2024 · 239.85
Debt ≤ 1 year
€164k▼
2024 · €175k
Debt > 1 year
€34k
Income taxes
€59k▼
2024 · €68k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€380k€589k▲
Fixed assets21/28€27k€57k▲
Tangible fixed assets22/27€25k€56k▲
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€22k€53k▲
Financial fixed assets28€1k€1k=
Current assets29/58€353k€532k▲
Amounts receivable after more than one year29-€37k
Other amounts receivable291-€37k
Amounts receivable within one year40/41€32k€46k▲
Trade receivables40€32k€29k▼
Other amounts receivable41€0€17k▲
Current investments50/53€0-
Cash at bank and in hand54/58€320k€448k▲
Deferred charges and accrued income490/1€895€581▼
Equity and liabilities
Total equity and liabilities10/49€380k€589k▲
Equity10/15€204k€391k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133-€2k
Profit (loss) carried forward14€184k€371k▲
Amounts payable17/49€175k€198k▲
Amounts payable after more than one year17-€34k
Financial debts170/4-€34k
Amounts payable within one year42/48€175k€164k▼
Current portion of amounts payable after more than one year42-€54k
Financial debts43€0€43▲
Credit institutions430/8€0€43▲
Trade debts44€82k€49k▼
Suppliers440/4€82k€49k▼
Taxes, remuneration and social security45€69k€23k▼
Taxes450/3€69k€23k▼
Other amounts payable47/48€24k€39k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€9k▲
Other operating charges640/8€53k€51k▼
Gross operating margin9900€379k€308k▼
Operating profit (loss)9901€322k€248k▼
Financial income75/76B€880€3k▲
Recurring financial income75€880€3k▲
Financial charges65/66B€1k€5k▲
Recurring financial charges65€1k€5k▲
Profit (loss) for the period before taxes9903€321k€246k▼
Income taxes67/77€68k€59k▼
Profit (loss) for the period9904€253k€187k▼
Profit (loss) for the period to be appropriated9905€253k€187k▼
Appropriation of the result
Profit (loss) to be appropriated9906€184k€371k▲
Profit (loss) brought forward from the previous period14P€-69k€184k▲
The notes to these accounts (9 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
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €253k ▲604%
Operating result €322k, net result €253k, both a record.
31-03
Financial
Liquidity quadruplescurrent ratio 2.02
Current ratio from 0.58 to 2.02.
31-03
Financial
Equity above €200kEq €204k
3 profitable years in a row build equity to €204k.
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
31-03
Financial
Weakest financial yearnet €-102k
Net result drops to €-102k, the lowest in the series; recovery starts the following year.
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · 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, Brussel · 1 establishment unit since 2017
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.
Anspachlaan 1451000 BrusselGround area
106 m²
Building footprint
107 m²
Volume, LiDAR
2,233 m³
Parcel 21811M1121/00Y003, Brussels · tallest building 25.4 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
NESTED
since 20172.270.351.613
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M1121/00Y003 | Brussels | 106 m² | 1 · 107 m² | 25.4 m · 8 fl. |
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
6488MUIO4T888G558V67
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Of 3,000 companies in sector 55203 we hold annual accounts for 690. 455 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-05-2017
Fiscal year end31-03
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.