Nestor
ActiveSummary
Nestor has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.0m and a net result of €2.2m. Equity is growing by ~47.7% per year across the filed fiscal years. Its solvency ranks better than 38% of 289 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability57▼-1
Solvency47▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180,000 at 30 days acceptable
Liquidity short (current ratio 0.43 against 0.73 in 2023; short-term debt: 49.3% and cash: 9.5% of total assets), and 78.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.8%
Return on assets
15.9%
Age of the figures
21 mo
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
9 d early
2023
34 d early
2022
12 d early
2021
72 d early
2020
32 d early
2019
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% 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 28 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2024, full schema
In the rankings
#3 company by total assets in East Flanders, Employment activities sector#3 employer in Sint-Martens-Latem#3 fastest grower in Sint-Martens-Latem
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€12.6m
EBIT margin
10.2%
Net result
€2.2m▲ 142%
2023 · €909,182
Working capital
-€3.9m▼ 470%
2023 · -€681,409
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 78, Employment activities, 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
Line20202021202220232024
Turnover€12.6m
Operating result€314,559=€667,122▲ 112%€3.0m▲ 344%€810,106▼ 72.7%€1.3m▲ 59.0%
Net result€230,592=€468,954above the sector's middle half▲ 103%€2.7mabove the sector's middle half▲ 482%€909,182above the sector's middle half▼ 66.7%€2.2mabove the sector's middle half▲ 142%
EBIT margin10.2%
Equity€421,980=€840,340above the sector's middle half▲ 99.1%€911,988above the sector's middle half▲ 8.5%€1.3mabove the sector's middle half▲ 44.9%€3.0mabove the sector's middle half▲ 129%
Total assets€1.6m▲ 75.7%€2.2mabove the sector's middle half▲ 36.5%€3.1mabove the sector's middle half▲ 45.4%€12.8mabove the sector's middle half▲ 308%€13.8mabove the sector's middle half▲ 8.2%
Debt€1.2m▲ 154%€1.3m▲ 8.9%€2.2m▲ 68.9%€11.5m▲ 417%€10.8m▼ 5.7%
Working capital€80,303▼ 77.8%€207,222within the sector's middle half▲ 158%€183,548within the sector's middle half▼ 11.4%-€681,409below the sector's middle half-€3.9mbelow the sector's middle half▼ 470%
Solvency26.7%▼ 20.3pp39.0%within the sector's middle half▲ 12.3pp29.1%within the sector's middle half▼ 9.9pp10.3%within the sector's middle half▼ 18.8pp21.8%within the sector's middle half▲ 11.5pp
Current ratio1.11▼ 0.671.21within the sector's middle half▲ 0.111.09within the sector's middle half▼ 0.120.73below the sector's middle half▼ 0.360.43below the sector's middle half▼ 0.30
Return on assets (ROA)14.6%▼ 11.1pp21.8%above the sector's middle half▲ 7.2pp87.2%above the sector's middle half▲ 65.4pp7.1%within the sector's middle half▼ 80.1pp15.9%above the sector's middle half▲ 8.8pp
Staff (FTE)63▲ 38.5%104.8above the sector's middle half▲ 66.3%114.1above the sector's middle half▲ 8.9%141.2above the sector's middle half▲ 23.8%154.2within the sector's middle half▲ 9.2%
above
within
below
the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result +142% on 2023. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 59% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13.8m
Fixed assets
€10.9m ▲ 0.1%
Current assets
€2.9m ▲ 55.5%
Equity and liabilities €13.8m
Equity
€3.0m ▲ 129%
Debt
€10.8m ▼ 5.7%
Debt's share of the balance-sheet total falls from 89.7% to 78.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.3m▲
2023 · €825,655
Cash flow
€2.2m▲
2023 · €924,731
Debt to equity
3.58▼
2023 · 8.68
ROE
72.8%▲
2023 · 68.8%
Interest coverage
1.99▼
2023 · 3.62
Debt ≤ 1 year
€6.8m▲
2023 · €2.6m
Debt > 1 year
€3.6m▼
2023 · €8.7m
Income taxes
€197,060▲
2023 · €175,466
Staff costs
€10.0m▲
2023 · €7.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €12.7m | - |
| Turnover70 | - | - | - | - | €12.6m | - |
| Other operating income74 | - | - | - | - | €97,220 | - |
| Non-recurring operating income76A | - | - | €2.2m | - | - | - |
| Operating charges60/66A | - | - | - | - | €11.4m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €25,612 | - |
| Purchases600/8 | - | - | - | - | €25,612 | - |
| Services and other goods61 | - | - | - | - | €1.3m | - |
| Remuneration, social security and pensions62 | - | €4.6m | €6.1m | €7.6m | €10.0m | ▲ 31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,693 | €17,139 | €11,323 | €15,549 | €20,774 | ▲ 33.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,788 | - | €10,321 | €4,846 | ▼ 53.0% |
| Other operating charges640/8 | - | €3,759 | €4,606 | €16,424 | €21,326 | ▲ 29.9% |
| Non-recurring operating charges66A | - | - | - | - | €29,376 | - |
| Gross operating margin9900 | €3.4m | €5.3m | €9.1m | €8.4m | - | - |
| Operating profit (loss)9901 | €314,559 | €667,122 | €3.0m | €810,106 | €1.3m | ▲ 59.0% |
| Financial income75/76B | - | €3,092 | - | €502,443 | €1.8m | ▲ 253% |
| Recurring financial income75 | €2,352 | €3,092 | - | €502,443 | €1.8m | ▲ 253% |
| Income from financial fixed assets750 | - | - | - | - | €1.8m | - |
| Other financial income752/9 | - | - | - | - | €23,658 | - |
| Financial charges65/66B | - | €13,704 | €11,277 | €227,900 | €662,803 | ▲ 191% |
| Recurring financial charges65 | €15,302 | €13,704 | €11,277 | €227,900 | €662,803 | ▲ 191% |
| Debt charges650 | - | - | - | - | €656,255 | - |
| Other financial charges652/9 | - | - | - | - | €6,548 | - |
| Profit (loss) for the period before taxes9903 | €314,137 | €656,511 | €3.0m | €1.1m | €2.4m | ▲ 121% |
| Income taxes67/77 | €83,545 | €187,557 | €223,302 | €175,466 | €197,060 | ▲ 12.3% |
| Taxes670/3 | - | - | - | - | €197,060 | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0 | - |
| Profit (loss) for the period9904 | €230,592 | €468,954 | €2.7m | €909,182 | €2.2m | ▲ 142% |
| Profit (loss) for the period to be appropriated9905 | €230,592 | €468,954 | €2.7m | €909,182 | €2.2m | ▲ 142% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €2.2m | €3.1m | €12.8m | €13.8m | ▲ 8.2% |
| Formation expenses20 | €961 | - | - | - | - | - |
| Fixed assets21/28 | €843,737 | €976,883 | €952,011 | €10.9m | €10.9m | ▲ 0.1% |
| Intangible fixed assets21 | €12,712 | - | €13,749 | €40,978 | €37,808 | ▼ 7.7% |
| Tangible fixed assets22/27 | €21,986 | €21,540 | €17,919 | €27,980 | €32,508 | ▲ 16.2% |
| Furniture and vehicles24 | - | €16,745 | €15,521 | €27,980 | €32,508 | ▲ 16.2% |
| Other tangible fixed assets26 | - | €4,795 | €2,397 | - | - | - |
| Financial fixed assets28 | €817,334 | €955,343 | €920,343 | €10.8m | €10.8m | = |
| Affiliated companies280/1 | - | - | - | - | €10.8m | - |
| Participating interests280 | - | - | - | - | €10.8m | - |
| Other financial fixed assets284/8 | - | - | - | - | €20,090 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €20,090 | - |
| Current assets29/58 | €823,690 | €1.2m | €2.2m | €1.9m | €2.9m | ▲ 55.5% |
| Stocks and contracts in progress3 | €0 | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €613,541 | €787,405 | €1.1m | €1.4m | €1.6m | ▲ 10.0% |
| Trade receivables40 | - | €787,030 | €965,591 | €1.3m | €1.5m | ▲ 19.1% |
| Other amounts receivable41 | - | €376 | €101,490 | €154,355 | €54,496 | ▼ 64.7% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €203,768 | €388,456 | €1.1m | €455,601 | €1.3m | ▲ 190% |
| Deferred charges and accrued income490/1 | - | €716 | €1,942 | €18 | €38,904 | ▲ 221,573% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €2.2m | €3.1m | €12.8m | €13.8m | ▲ 8.2% |
| Equity10/15 | €421,980 | €840,340 | €911,988 | €1.3m | €3.0m | ▲ 129% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €360,480 | €778,840 | €850,488 | €1.3m | €3.0m | ▲ 135% |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | - | €772,690 | €844,338 | €1.3m | €3.0m | ▲ 136% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €1.2m | €1.3m | €2.2m | €11.5m | €10.8m | ▼ 5.7% |
| Amounts payable after more than one year17 | €462,735 | €343,765 | €223,571 | €8.7m | €3.6m | ▼ 58.6% |
| Financial debts170/4 | - | €343,765 | €223,571 | €8.7m | €3.6m | ▼ 58.6% |
| Credit institutions173 | - | - | - | - | €3.6m | - |
| Other loans174 | - | - | - | - | €0 | - |
| Amounts payable within one year42/48 | €743,387 | €969,355 | €2.0m | €2.6m | €6.8m | ▲ 166% |
| Current portion of amounts payable after more than one year42 | - | €118,970 | €203,690 | €571,670 | €5.1m | ▲ 787% |
| Financial debts43 | - | - | - | €550,649 | €147,094 | ▼ 73.3% |
| Credit institutions430/8 | - | - | - | €500,000 | €147,094 | ▼ 70.6% |
| Other loans439 | - | - | - | €50,649 | - | - |
| Trade debts44 | €73,983 | €93,255 | €553,647 | €155,390 | €285,561 | ▲ 83.8% |
| Suppliers440/4 | - | €93,255 | €553,647 | €155,390 | €285,561 | ▲ 83.8% |
| Taxes, remuneration and social security45 | - | €653,166 | €781,334 | €791,199 | €818,518 | ▲ 3.5% |
| Taxes450/3 | - | €241,492 | €392,080 | €328,860 | €321,283 | ▼ 2.3% |
| Remuneration and social security454/9 | - | €411,674 | €389,254 | €462,339 | €497,235 | ▲ 7.5% |
| Other amounts payable47/48 | - | €103,964 | €455,946 | €500,476 | €500,476 | = |
| Accrued charges and deferred income492/3 | - | - | - | €240,612 | €410,424 | ▲ 70.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €230,592 | €468,954 | €2.7m | €909,182 | €2.2m | ▲ 142% |
| + Depreciation and write-downs630 | €20,693 | €17,139 | €11,323 | €15,549 | €20,774 | ▲ 33.6% |
| Operating cash flow (approximation) | €251,285 | €486,092 | €2.7m | €924,731 | €2.2m | ▲ 140% |
| Investment in fixed assets (approximation) | - | -€150,284 | €13,549 | -€10.0m | -€27,132 | ▲ 99.7% |
| Change in cash | - | €184,689 | €720,686 | -€653,541 | €864,883 | ▲ 232% |
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
09-07
State Gazette act
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Boelens Francis3 facts ▸
State Gazette act
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Boelens Francis3 facts ▸
- General meeting, 02-10-2025
- Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Boelens Francis (permanent representative)
18-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €2mEq €3.0m ▲129%
7 profitable years in a row build equity to €3.0m.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1mEq €1.3m ▲44.9%
6 profitable years in a row build equity to €1.3m.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €2.7m ▲482%
Operating result €3.0m, net result €2.7m, both a record.
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500,000Eq €840,340 ▲99.1%
4 profitable years in a row build equity to €840,340.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 54 days late
Show earlier events
2019
31-12
Financial
Equity above €200,000Eq €421,980 ▲120%
2 profitable years in a row build equity to €421,980.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
Ernst et Young Reviseurs d'Entreprises
CurrentStatutory auditor · since 01-01-2025 · perm. rep.: Boelens Francis
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 2015
Ground area
2,766 m²
Building footprint
611 m²
Volume, LiDAR
858 m³
Parcel 44064B0052/00G000, Flanders · tallest building 7.6 m. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
Nestor
since 20152.247.862.954
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0052/00G000 | Flanders | 2,766 m² | 1 · 611 m² | 7.6 m |
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.
Mandate history
1 person since 2025, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Ernst et Young Reviseurs d'Entreprises |
|
Structure & network
Owners and holdings
1 owner · 2 holdingsChain of control
- Nestor Holding
- Nestor
Highest known parent: Nestor Holding. The sources do not say who stands above it.
Owners 1
- Nestor Holdingparent100%
Holdings 2
-
100%
-
100%
According to the 2024 annual accounts of Nestor and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 4,830 EUR awarded · 4,831 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | -769 EUR | 1,534 EUR |
| 2024 | 1 | 4,605 EUR | 2,303 EUR |
| 2023 | 1 | 739 EUR | 739 EUR |
| 2022 | 1 | 255 EUR | 255 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
9845009E056A0A63DE84
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Of 2,360 companies in sector 78100 we hold annual accounts for 1,364. 328 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
78200Temporary employment agencies and other provision of personnel
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0642970240
Also
9925:BE0642970240
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.