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Nestor

Active Cooperative companyfounded 2015active for 11 yearsDiestsesteenweg 629, 3010 LeuvenKBO/BCE: BE 0598.831.379

Overview

Lifetime

11 annual accounts with figures on one time axis
peak €35,547 (2017)
€5,570▼ 79.5%
lowest -€18,595 (2022)
-€3,815▼ €26,276
peak €45,249 (2017)
€22,394▼ 14.6%
€10,380▼ 23.5%
Board2 names since 2017
2 directorsPenesich Vincent and 1 other
Documentsfilings and deeds
14-07-202617 days before the deadline
2025micro format
Gross margin from €27,184 to €5,570Loss of €3,815Equity from €26,209 to €22,394Debts from €13,567 to €10,380

Key points

from the 2025 annual accounts

Turnover

≈ €30,000 estimated

The micro format states no turnover.

Filings

11 annual accounts since 2015
AprilJune31 JulyOctober201520202025

The 2017 accounts came 7 days late. The other nine of the last ten were filed on time.

Position in the sector

-€3,815

Lower net result than 86% of companies in computer programming and consultancy. Sector median €28,568 · 21,212 companies.

Checked score

93
Excellent
Financially stronger than 42% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.2 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

84-7equity 59.3% of total assets
89+4short-term debt 27.5% · cash 70.9%
6-94return on assets -10.1%

Score breakdown

raises risk
Loss of €3,815 (financial year 2025)
lowers risk
Liquidity: current ratio 3.35, cash €26,770
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €37,774
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 51% of them on solvency, 75% on liquidity, 12% on profitability and 28% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 4,805 companies had the same profile as Nestor has now. Each dot stands for 13 companies, two years later.

88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of Nestor itself is lower: < 0.1% within 12 months. It rests on far more data about Nestor than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 4,805 companies, not a prediction for Nestor. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €2,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.35 (2.6 in 2024), above the usual 1.5. Short-term debt is 27.5% and cash 70.9% of total assets. 40.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 3.35, cash €26,770
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Size: total assets €37,774
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €3,815 (financial year 2025)
NBB · annual accounts
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
17 days early
2024
15 days early
2023
24 days early
2022
7 days early
2021
31 days early
2020
16 days early
2019
35 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PV
Penesich Vincent
Director
VS
Vanhandsaeme Stijn
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0598831379
Amendment of the articles · Legal-form change General meeting of 28-12-2023 · Gazette deed
Incorporation published on 24-02-2015 · Gazette deed
First establishment Diestsesteenweg 629, Leuven
All 20 events

Comparable companies

same main activity, similar in size and age
Company
Nestor Leuven €37,774 €5,570 59.3% -
VIVARE Zwevegem €42,262 €5,454 79.8% -
NEW WAY of CONSULTING Dilbeek €31,635 €4,781 -65.8% -
DooYooD Lasne €31,762 €4,511 -145.6% -
Opseo Malle €46,383 €4,679 79.5% -
Code Fairies Aalter €29,277 €5,638 79.2% -
YOUNGsource Tielt €37,834 €5,789 98.6% -

These companies have the same main activity as Nestor: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €29,300 and €46,400, founded between 2015 and 2018.

Official details

Source: KBO
Status
Active since 20-02-2015Normal situation
Activity
Computer consultancy and computer facilities managementNACE 62200and 4 others
Establishment unit
2.239.592.0223010 Leuven, since 20-02-2015
Financial year end
31 December
Peppol
Reachable since 30-12-2025
Company details

Annual accounts 2025

€5,570▼ 79.5%
€3,815
€22,394▼ 14.6%
€37,774▼ 5.0%
Filing
Filed on 14-07-2026, 17 days before the end of the filing period
Financials

Insights on Nestor

Nestor files the micro format. That format states no turnover. The gross margin fell from €9,802 in 2015 to €5,570 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 14-07-2026, 17 days before the deadline
€5,570
▼ 79.5%
-€3,680
▼ €26,315
-€3,815
▼ €26,276
€24,354
▲ 12.0%
59.3%
▼ 6.6 percentage points
3.35
▲ 0.74

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €30,000. Estimated: probably between €14,000 and €58,000.

Balance sheet

balance sheet total €37,774 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

59.3%

Higher than 49% of 21,206 companies in 2025.

3.35

Higher than 62% of 20,569 companies in 2025.

-10.1%

Higher than 10% of 20,744 companies in 2025.

Nestor Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015
Balance sheet: assets
20/58 37,77439,77523,51145,30147,69553,94255,31855,42092,20966,92057,744
21/28 3,0404,4636,70112,23117,05814,72216,86118,26120,46722,15124,162
21 02682,3804,4926,6048,71610,82812,94515,05717,16919,281
22/27 1,5402,6962,8226,2398,9544,5064,5335,3173,7604,9824,881
23 6691,3881,0783,9286,0771,06203512,1954,9824,881
24 8721,3071,7432,3102,8773,4444,5334,9651,565--
28 1,5001,5001,5001,5001,5001,5001,500-1,650--
29/58 34,73435,31216,80933,07130,63739,22038,45737,15871,74244,76833,582
40/41 7,9649,45110,82818,80925,29137,12937,98033,42466,81424,24813,857
40 7,9619,44810,67818,80925,29137,12937,98029,55665,31923,74013,857
41 33150----3,8671,495507-
54/58 26,77025,2525,98114,2245,3462,0912113,4744,68020,25319,723
490/1 0609037--2662602482681
Balance sheet: equity and liabilities
10/49 37,77439,77523,51145,30147,69553,94255,31855,42092,20966,92057,744
10/15 22,39426,2095,49419,22537,77238,34339,48539,14945,24942,34641,238
10/11 44,81144,81144,76140,01139,96339,96339,90039,95039,90039,85039,850
100 ------40,10040,05040,05040,00040,000
101 ------200100150150150
11 ------1333--
1100/10 ------1333--
13 5,5835,5835,5835,5835,5835,5835,5835,4785,3462,4961,388
130/1 4,0004,0004,0004,0004,0004,000-----
130 ------4,0004,0004,0002,4961,388
1311 4,0004,0004,0004,0004,0004,000-----
132 236236236236236236236132---
133 1,3461,3461,3461,3461,3461,3461,3461,3461,346--
14 -28,000-24,185-44,849-26,368-7,774-7,203-6,010-6,283---
16 5,000----------
160/5 5,000----------
164/5 5,000----------
17/49 10,38013,56718,01626,0769,92215,60015,83316,27146,96024,57416,506
42/48 10,38013,56718,01626,0769,92215,60015,82116,23346,88419,98812,558
43 -0150--------
439 -0150--------
44 1,9132,5525,0712,3934831,1589,7982,9481,320561,446
440/4 1,9132,5525,0712,3934831,1589,7982,9481,320561,446
45 7,7347,01512,22319,9228,84212,7442,44813,28520,56415,7046,146
450/3 4,3144,1823,0483,6875,3185,4362,4484,67816,76311,0093,572
454/9 3,4202,8349,17616,2363,5247,308-8,6073,8024,6952,574
47/48 7333,9995723,7615971,6983,574-25,0004,2284,966
492/3 ------1238764,5863,948
Income statement
9900 5,57027,184-12,189-11,7384,9503,1675,021-66335,54711,1359,802
630 1,4234,0985,5295,4534,5743,2253,5564,9136,4745,6013,838
631/4 1,652----------
635/8 5,000----------
640/8 1,1754516271,3663661,0901,041975348358348
9901 -3,68022,635-18,345-18,55810-1,148423-6,55128,7255,1765,616
75/76B 02242700150212812093
75 02242700150212812093
65/66B 1351961406358145481001413520
65 1351961406358145481001413520
9903 -3,81522,461-18,481-18,595-571-1,193377-6,14928,7135,2615,689
67/77 ------01862153301
9904 -3,81522,461-18,481-18,595-571-1,193376-6,15127,8515,1075,388
689 ------104132---
9905 -3,81522,461-18,481-18,595-571-1,193272-6,28327,8515,1075,388
Appropriation of the result
9906 -28,000-22,389-44,849-26,368-7,774-7,203-6,010-6,28327,8515,1075,388
14P -24,185-44,849-26,368-7,774-7,203------
691/2 --------2,8511,1071,388
6920 --------1,5041,1071,388
6921 --------1,346--
694/7 01,796------25,0004,0004,000
694 01,796---------
695 --------25,0004,0004,000
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 14-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 14-07-2026 2026-00296825 PDF
31-12-2024 micro format 16-07-2025 2025-00282740 PDF
31-12-2023 micro format 07-07-2024 2024-00222397 PDF
31-12-2022 micro format 24-07-2023 2023-00263073 PDF
31-12-2021 micro format 30-06-2022 2022-20152919 PDF
31-12-2020 micro format 15-07-2021 2021-35700400 PDF
31-12-2019 micro format 26-06-2020 2020-21800483 PDF
31-12-2018 micro format 22-07-2019 2019-37000452 PDF
31-12-2017 micro format 07-08-2018 2018-43900105 PDF
31-12-2016 micro format 28-07-2017 2017-37400127 PDF
31-12-2015 abbreviated format 30-06-2016 2016-26800030 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015
-2,25726,733-12,816-13,1044,5842,0773,980-1,63835,19910,7789,454
-2,39226,559-12,951-13,1414,0042,0323,933-1,23834,32510,7099,226
01,86006266,9101,0862,1564,3584,7903,59028,000
1,51819,271-8,2438,8793,2541,880-3,263-1,207-15,573530-
24,35421,746-1,2076,99420,71423,62122,63620,92524,85824,78021,024
59.3%65.9%23.4%42.4%79.2%71.1%71.4%70.6%49.1%63.3%71.4%
3.352.600.931.273.092.512.432.291.532.242.67
0.460.523.281.360.260.410.400.421.040.580.40
-17.0%85.7%-336.4%-96.7%-1.5%-3.1%1.0%-15.7%61.5%12.1%13.1%
-10.1%56.5%-78.6%-41.0%-1.2%-2.2%0.7%-11.1%30.2%7.6%9.3%
-16.70over 100-91.86-206.997.90------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€1,860-€626€6,910
€1,423€4,098€5,529€5,453€4,574

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Nestor

The operating result for 2025 is a loss of €3,680, after a profit of €22,635 in 2024.

Debt's share of the balance-sheet total falls from 34.1% to 27.5%. Equity and debt are lower.

Board & ownership

Board

2 directors
Penesich Vincent
Director
listed in the 2025 annual accounts, filed on 14-07-2026
Vanhandsaeme Stijn
Director
listed in the 2025 annual accounts, filed on 14-07-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
Penesich Vincent
Director
Vanhandsaeme Stijn
Director
Board
Mandates as a list
  • Penesich Vincent
    • Director, from 17-02-2017 to date
  • Vanhandsaeme Stijn
    • Director, from 17-02-2017 to date

See the board, name and registered office on a given date →

Control

Capital

Contribution
€44,810.83
Source
2025 annual accounts

Articles of association

deed of 12-01-2024 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Monday of May at 20:00

Capital transactions

Capital over time
  1. 12-01-2024 Converted to unavailable equity · €20,000
  2. 12-01-2024 Converted to unavailable equity · €4,000

Network & group

No group

Nestor has no parent and no holdings in its annual accounts. Nestor shares no director with another company.

Timeline

Timeline

20 events since 2015

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 17 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0598831379
Annual accounts 2024 filed PDFmicro format · 15 days before the deadline
2024
Back to profit net €22,461 The net result is €22,461, after 4 loss-making years.
Liquidity more than doubled current ratio 2.60 The current ratio rises from 0.93 to 2.60. Short-term debt falls from €18,016 to €13,567.
Annual accounts 2023 filed PDFmicro format · 24 days before the deadline
Amendment of the articles · Legal-form changeGeneral meeting of 28-12-20232 points ▸
  • General meeting, 28-12-2023
  • Registered office clause, Diestsesteenweg 629, 3010 Leuven (Kessel-Lo)
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2022 filed PDFmicro format · 7 days before the deadline
2022
Weakest financial year net -€18,595 The net result drops to -€18,595, the lowest from 2015 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFmicro format · 31 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 16 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 35 days before the deadline
2019
Back to profit net €376 The net result is €376, after one loss-making year.
Annual accounts 2018 filed PDFmicro format · 9 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 7 days late
2017
Highest result from 2015 to 2025 net €27,851 ▲445% The operating result of €28,725 and the net result of €27,851 are both a record.
Annual accounts 2016 filed PDFmicro format · 3 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 31 days before the deadline
2015
Incorporation PDFpublished on 24-02-2015
First establishment Diestsesteenweg 629, Leuven

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Nestor was incorporated on 20 February 2015.1 Total assets fell from €55,420 in 2018 to €37,774 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0598.831.379
VAT number
BE 0598.831.379
Peppol ID
0208:0598831379
Other Peppol ID
9925:BE0598831379
Legal form
Cooperative company
Status
Active, normal situation
Founded
20-02-2015
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Monday of May at 20:00
deed of 12-01-2024 (in Dutch)
Peppol
Reachable since 30-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Nestor in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-01-2024 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
62020 IT consultancy main activity
18130 Pre-press and pre-media services
62010 Computer programming, consultancy and related activities
62030 Computer programming, consultancy and related activities
62090 Computer programming, consultancy and related activities
63110 Computing infrastructure, data processing, hosting and other information service activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Computerconsultancy-activiteiten; Beheer van computerfaciliteiten; Diensten op het gebied van informatietechnologie en computer…”
8 activities
  1. Computerconsultancy-activiteiten
  2. Beheer van computerfaciliteiten
  3. Diensten op het gebied van informatietechnologie en computer
  4. Gegevensverwerking,webhosting en aanverwante activiteiten
  5. Webportalen
  6. Dienstverlenende activiteiten op het gebied van informatie
  7. Bewerking van digitale gegevens:verrijking,selectie en koppeling van digitale gegevens op gegevensdragers
  8. Grafische activiteiten
deed of 12-01-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Diestsesteenweg 629 registered office 3010 Leuven 20-02-2015 2.239.592.022

Buildings and parcels at the address

Ground area
109 m²
Buildings
84 m²
Volume, LiDAR
542 m³
Tallest building
10.9 m
Buildings to scale, each on its own parcel
84 m², 10.9 m 84 m², 10.9 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
24051C0110/00T008109 m² 1 · 84 m² 10.9 m · 2