Equity
NEVEC has made a profit without a break since 2023.
NEVEC has made a profit without a break since 2023.
The accounts state no turnover.
€1.9m of the debts are secured on the company's own assets. In 2022 that was €2.3m.
Mortgage mandates, new in 2025. 73.7 times equity · not in the 2024 accounts.
The last five annual accounts were filed 20 to 126 days before the end of the period.
Lower solvency than 81% of companies in real estate. Sector median 30.7% · 11,297 companies.
In July 2024, 1,448 companies had the same profile as NEVEC has now. Each dot stands for 4 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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.
| 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 1,448 companies, not a prediction for NEVEC. 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.
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.
| Company | ||||
|---|---|---|---|---|
| NEVEC Heusden-Zolder | €2.8m | €252,034 | 1.2% | - |
| NIVELLES OFFICE PARC 1 Ixelles | €2.7m | €258,439 | 64.7% | - |
| JDC GROUP Waterloo | €2.5m | €244,295 | -1.9% | - |
| MASIM Zonnebeke | €2.8m | €218,152 | 51.4% | - |
| LES JARDINS D'ARLON Seraing | €2.9m | €307,687 | 13.1% | - |
| UNIPAR INVEST Brecht | €2.6m | €245,643 | 22.8% | - |
| Immo SWI Mons | €2.5m | €269,467 | 9.1% | - |
These companies have the same main activity as NEVEC: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €2.5m and €2.9m, founded between 2014 and 2017.
NEVEC files the abbreviated format. That format states no turnover. The gross margin rose from €19,971 in 2016 to €252,034 in 2025.
The balance sheet grew most in 2022 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €280,000. Estimated: probably between €260,000 and €350,000.
Higher than 19% of 11,297 companies in 2025.
Higher than 33% of 10,849 companies in 2025.
Higher than 56% of 11,182 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
2.8m | 2.9m | 3.0m | 3.1m | 13,388 | 50,332 | 50,658 | 48,502 | 57,379 | 73,806 | |
21/28 |
2.6m | 2.8m | 2.9m | 3.0m | 0 | 3,833 | 5,515 | 8,971 | 14,232 | 18,838 | |
22/27 |
2.6m | 2.8m | 2.9m | 3.0m | 0 | 3,833 | 5,515 | 8,971 | 14,232 | 18,838 | |
22 |
2.6m | 2.8m | 2.9m | 3.0m | - | - | - | - | - | - | |
23 |
- | - | - | - | - | 0 | 81 | 203 | 324 | 446 | |
24 |
- | - | - | - | - | - | - | 1,734 | 5,044 | 8,707 | |
26 |
- | - | - | - | 0 | 3,833 | 5,434 | 7,035 | 8,863 | 9,684 | |
29/58 |
119,953 | 91,765 | 49,375 | 44,703 | 13,388 | 46,498 | 45,143 | 39,530 | 43,147 | 54,969 | |
3 |
- | - | - | 0 | 6,279 | 19,580 | 26,111 | 24,687 | 22,875 | 32,667 | |
30/36 |
- | - | - | 0 | 6,279 | 19,580 | 26,111 | 24,687 | 22,875 | 32,667 | |
40/41 |
- | - | - | 0 | 1,936 | 1,777 | 6,426 | 3,328 | 1,636 | 2,537 | |
40 |
- | - | - | 0 | 1,111 | 1,777 | 4,636 | 3,328 | 1,636 | 1,810 | |
41 |
- | - | - | 0 | 824 | 0 | 1,789 | - | - | 727 | |
54/58 |
119,953 | 91,765 | 49,375 | 44,703 | 5,174 | 24,600 | 12,082 | 11,008 | 18,095 | 19,345 | |
490/1 |
- | - | - | - | 0 | 542 | 525 | 507 | 542 | 419 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
2.8m | 2.9m | 3.0m | 3.1m | 13,388 | 50,332 | 50,658 | 48,502 | 57,379 | 73,806 | |
10/15 |
32,908 | -11,268 | -43,541 | -64,279 | 8,540 | 33,690 | 31,374 | 27,504 | 16,949 | 11,774 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | 12,350 | 12,350 | 12,350 | 12,350 | |
13 |
26,708 | - | 0 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 600 | 300 | |
130/1 |
- | - | 0 | 1,855 | 1,855 | 1,855 | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,855 | 1,855 | 600 | 300 | |
1311 |
- | - | 0 | 1,855 | 1,855 | 1,855 | - | - | - | - | |
133 |
26,708 | - | - | - | - | - | - | - | - | - | |
14 |
0 | -17,468 | -49,741 | -72,334 | 485 | 25,635 | 23,319 | 19,449 | 10,149 | 5,274 | |
17/49 |
2.7m | 2.9m | 3.0m | 3.2m | 4,849 | 16,642 | 19,284 | 20,998 | 40,430 | 62,032 | |
17 |
2.5m | 2.7m | 2.8m | 3.0m | - | 0 | 885 | 3,141 | 5,167 | 9,721 | |
170/4 |
2.5m | 2.7m | 2.8m | 3.0m | - | 0 | 885 | 3,141 | 5,167 | 9,721 | |
42/48 |
184,558 | 181,400 | 158,806 | 161,344 | 4,849 | 16,642 | 18,398 | 17,857 | 35,264 | 52,311 | |
42 |
167,887 | 165,338 | 150,398 | 148,114 | 0 | 885 | 2,085 | 2,025 | 4,555 | 5,277 | |
44 |
- | 0 | 551 | 0 | 223 | 656 | 2,315 | 2,195 | 1,893 | 2,419 | |
440/4 |
- | 0 | 551 | 0 | 223 | 656 | 2,315 | 2,195 | 1,893 | 2,419 | |
45 |
671 | - | - | - | 0 | 2,552 | 1,757 | 7,744 | 4,916 | 2,207 | |
450/3 |
671 | - | - | - | 0 | 952 | 157 | 6,294 | 4,716 | 2,207 | |
454/9 |
- | - | - | - | 0 | 1,600 | 1,600 | 1,450 | 200 | - | |
47/48 |
16,000 | 16,062 | 7,858 | 13,230 | 4,626 | 12,548 | 12,241 | 5,893 | 23,900 | 42,407 | |
492/3 |
2,427 | 3,371 | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||
76A |
- | - | - | 0 | 1,240 | - | - | - | - | - | |
9900 |
252,034 | 238,972 | 228,407 | 134,140 | -21,659 | 7,354 | 14,243 | 28,872 | 21,088 | 19,971 | |
630 |
136,869 | 136,869 | 136,869 | 151,180 | 0 | 1,682 | 3,456 | 5,260 | 6,001 | 8,595 | |
631/4 |
- | - | 0 | -1,570 | -3,325 | -1,633 | 356 | 2,135 | 4,037 | - | |
640/8 |
21,476 | 20,823 | 19,519 | 12,854 | 1,533 | 1,511 | 2,275 | 2,039 | 1,925 | 2,931 | |
66A |
- | - | - | 0 | 3,833 | - | - | - | - | - | |
9901 |
93,689 | 81,279 | 72,019 | -28,324 | -23,700 | 5,794 | 8,156 | 19,437 | 9,126 | 8,444 | |
75/76B |
- | - | - | 0 | 230 | 172 | 482 | 291 | 380 | 631 | |
75 |
- | - | - | 0 | 230 | 172 | 482 | 291 | 380 | 631 | |
65/66B |
46,842 | 49,006 | 51,281 | 44,494 | 1,680 | 2,051 | 1,725 | 2,450 | 1,494 | 1,546 | |
65 |
46,842 | 49,006 | 51,281 | 44,494 | 1,680 | 2,051 | 1,725 | 2,450 | 1,494 | 1,546 | |
9903 |
46,847 | 32,273 | 20,738 | -72,819 | -25,150 | 3,916 | 6,913 | 17,278 | 8,013 | 7,529 | |
67/77 |
2,671 | - | - | - | - | 0 | 1,419 | 3,123 | 2,038 | 1,954 | |
9904 |
44,177 | 32,273 | 20,738 | -72,819 | -25,150 | 3,916 | 5,495 | 14,155 | 5,974 | 5,574 | |
9905 |
44,177 | 32,273 | 20,738 | -72,819 | -25,150 | 3,916 | 5,495 | 14,155 | 5,974 | 5,574 | |
| Appropriation of the result | |||||||||||
9906 |
26,708 | -17,468 | -51,596 | -72,334 | 485 | 27,235 | 24,943 | 24,304 | 11,249 | 5,574 | |
14P |
-17,468 | -49,741 | -72,334 | 485 | 25,635 | - | - | - | - | - | |
791/2 |
- | 0 | 1,855 | - | - | - | - | - | - | - | |
691/2 |
26,708 | - | - | - | - | - | - | 1,255 | 300 | 300 | |
6920 |
- | - | - | - | - | - | - | 1,255 | 300 | 300 | |
6921 |
26,708 | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | 0 | 1,600 | 1,624 | 3,600 | 800 | - | |
694 |
- | - | - | - | 0 | 1,600 | 1,624 | 1,600 | 800 | - | |
695 |
- | - | - | - | - | - | - | 2,000 | - | - | |
| Document | |||||||||||
The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-03-2026 | 2026-00064248 | |
| 31-12-2024 | abbreviated format | 09-07-2025 | 2025-00255411 | |
| 31-12-2023 | abbreviated format | 04-07-2024 | 2024-00209487 | |
| 31-12-2022 | abbreviated format | 03-07-2023 | 2023-00190635 | |
| 31-12-2021 | abbreviated format | 11-07-2022 | 2022-20168402 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-26300144 | |
| 31-12-2019 | micro format | 24-07-2020 | 2020-33600242 | |
| 31-12-2018 | micro format | 08-07-2019 | 2019-30700512 | |
| 31-12-2017 | micro format | 17-07-2018 | 2018-33800455 | |
| 31-12-2016 | abbreviated format | 03-07-2017 | 2017-26800427 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 230,559 | 218,148 | 208,888 | 122,856 | -23,700 | 7,476 | 11,612 | 24,697 | 15,127 | 17,040 | ||
| 181,046 | 169,142 | 157,607 | 78,362 | -25,150 | 5,597 | 8,951 | 19,415 | 11,975 | 14,170 | ||
| 0 | 0 | 0 | 3.2m | -3,833 | 0 | 0 | 0 | 1,395 | 27,433 | ||
| 28,188 | 42,390 | 4,671 | 39,530 | -19,426 | 12,519 | 1,073 | -7,087 | -1,250 | - | ||
| -64,605 | -89,635 | -109,432 | -116,641 | 8,540 | 29,857 | 26,745 | 21,674 | 7,884 | 2,658 | ||
| 1.2% | -0.4% | -1.5% | -2.1% | 63.8% | 66.9% | 61.9% | 56.7% | 29.5% | 16.0% | ||
| 0.65 | 0.51 | 0.31 | 0.28 | 2.76 | 2.79 | 2.45 | 2.21 | 1.22 | 1.05 | ||
| 0.65 | 0.51 | 0.31 | 0.28 | 1.47 | 1.62 | 1.03 | 0.83 | 0.57 | 0.43 | ||
| 82.69 | - | - | - | 0.57 | 0.49 | 0.61 | 0.76 | 2.39 | 5.27 | ||
| 134.2% | - | - | - | -294.5% | 11.6% | 17.5% | 51.5% | 35.3% | 47.3% | ||
| 1.6% | 1.1% | 0.7% | -2.4% | -187.9% | 7.8% | 10.8% | 29.2% | 10.4% | 7.6% | ||
| 4.92 | 4.45 | 4.07 | 2.76 | -14.11 | - | - | - | - | - |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €1.9m | €2.1m | €2.2m | €2.3m | - |
| Mortgages, amount registered | €25,000 | - | €25,000 | €25,000 | - |
| €2.4m | - | €2.4m | €2.4m | - | |
| Carrying value of the mortgaged assets | €2.6m | - | €2.9m | €3.0m | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €3.2m | - |
| €136,869 | €136,869 | €136,869 | €151,180 | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 15% higher than in 2024 and the highest since 2016. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total is 98.8%.
NEVEC has no parent and no holdings in its annual accounts.
| RAMENHAL
registered office since 09-05-2019 · founded in 2019 |
9.1 FTE (2025) 0726.619.674 |
| COOPER & LEWIS
registered office since 18-10-2016 · founded in 2016 |
6.9 FTE (2018) 0664.738.129 |
| WUYTENS
registered office since 23-12-1987 · founded in 1987 |
5.9 FTE (2025) 0432.724.720 |
| IMMO SANLUX
registered office since 06-02-2020 · founded in 2020 |
total assets €937,664 (2025) 0743.374.742 |
| WOLF Trans
registered office since 07-07-2017 · founded in 2017 |
total assets €349,939 (2025) 0678.374.448 |
| SMART INFRA
registered office since 07-11-2019 · founded in 2019 |
total assets €302,771 (2025) 0737.526.038 |
| E&B Vliegenramen
registered office since 17-06-2024 |
founded in 2024 1010.437.716 |
| BEMAGOELI
establishment since 14-03-2018 |
founded in 2018 0692.544.069 |
via (no longer at ) and (no longer at ) · deeds of 01-07-2019 and 03-06-2019 founded in 2019 |
9.1 FTE (2025) |
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Mijnwerkerslaan 33 registered office 3550 Heusden-Zolder | 31-08-2015 | 2.245.012.441 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71065A0205/00C015 | 4,252 m² | 1 · 822 m² | 7.2 m · 2 |
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