Nexa
ActiveSummary
The computed 12-month bankruptcy probability of Nexa is 2.0% (moderate). The 2024 annual accounts show negative equity (-€307,784) and a net result of -€33,536. Equity is shrinking by ~27.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 1856 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability24▲+7
Solvency0▼-4
Growth58=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.05 in 2023; short-term debt: 42.6% and cash: 0.2% of total assets), and equity is negative.
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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
-26.8%
Return on assets
-2.9%
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year -€307,784
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-07-2025, 4 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
4 d early
2023
7 d early
2022
68 d late
2021
113 d late
← 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 43 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€307,784▼ 12.2%
2023 · -€274,248
Total assets
€1.2m▼ 10.5%
2023 · €1.3m
Net result
-€33,536▲ 58.1%
2023 · -€80,088
Working capital
-€470,144▲ 33.7%
2023 · -€709,170
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
Line2021202220232024
Operating result-€86,416--€38,095▲ 55.9%-€31,141▲ 18.3%-€24,424▲ 21.6%
Net result-€131,627below the sector's middle half--€69,733below the sector's middle half▲ 47.0%-€80,088below the sector's middle half▼ 14.8%-€33,536below the sector's middle half▲ 58.1%
Equity-€124,427below the sector's middle half--€194,160below the sector's middle half▼ 56.0%-€274,248below the sector's middle half▼ 41.2%-€307,784below the sector's middle half▼ 12.2%
Total assets€1.3mabove the sector's middle half-€1.2mabove the sector's middle half▼ 7.3%€1.3mabove the sector's middle half▲ 8.1%€1.2mabove the sector's middle half▼ 10.5%
Debt€1.4m-€1.4m▼ 1.7%€1.6m▲ 12.8%€1.5m▼ 6.5%
Working capital-€576,723below the sector's middle half--€635,844below the sector's middle half▼ 10.3%-€709,170below the sector's middle half▼ 11.5%-€470,144below the sector's middle half▲ 33.7%
Solvency-9.7%below the sector's middle half--16.3%below the sector's middle half▼ 6.6pp-21.3%below the sector's middle half▼ 5.0pp-26.8%below the sector's middle half▼ 5.4pp
Current ratio0.09below the sector's middle half-0.01below the sector's middle half▼ 0.080.05below the sector's middle half▲ 0.040.04below the sector's middle half▼ 0.01
Return on assets (ROA)-10.3%below the sector's middle half--5.9%below the sector's middle half▲ 4.4pp-6.2%below the sector's middle half▼ 0.4pp-2.9%within the sector's middle half▲ 3.3pp
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 stays negative: a loss of €24,424 in 2024 against €31,141 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.1m ▼ 9.5%
Current assets
€20,346 ▼ 43.8%
Key figures and ratios
EBITDA
€52,272▲
2023 · €38,766
Cash flow
€43,160▲
2023 · -€10,181
Quick ratio
0.03▼
2023 · 0.04
Debt to equity
-4.74▲
2023 · -5.69
Interest coverage
1.10▲
2023 · 0.77
Debt ≤ 1 year
€490,490▼
2023 · €745,383
Debt > 1 year
€960,866▲
2023 · €804,970
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,171 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- negative equity
- a small loss
1.7%
went bankrupt
2.6%
stopped otherwise
95%
still going
A further 1.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 1,171 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €89,782 | €66,435 | €69,907 | €76,696 | ▲ 9.7% |
| Other operating charges640/8 | €11,665 | €1,228 | €7,837 | €11,159 | ▲ 42.4% |
| Gross operating margin9900 | €15,031 | €29,568 | €46,603 | €63,431 | ▲ 36.1% |
| Operating profit (loss)9901 | -€86,416 | -€38,095 | -€31,141 | -€24,424 | ▲ 21.6% |
| Financial income75/76B | €217 | - | €1,345 | €38,567 | ▲ 2,767% |
| Recurring financial income75 | €217 | - | €1 | €183 | ▲ 18,200% |
| Non-recurring financial income76B | - | - | €1,344 | €38,384 | ▲ 2,756% |
| Financial charges65/66B | €45,428 | €31,638 | €50,292 | €47,679 | ▼ 5.2% |
| Recurring financial charges65 | €45,428 | €31,638 | €50,292 | €47,679 | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | -€131,627 | -€69,733 | -€80,088 | -€33,536 | ▲ 58.1% |
| Profit (loss) for the period9904 | -€131,627 | -€69,733 | -€80,088 | -€33,536 | ▲ 58.1% |
| Profit (loss) for the period to be appropriated9905 | -€131,627 | -€69,733 | -€80,088 | -€33,536 | ▲ 58.1% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.3m | €1.2m | €1.3m | €1.2m | ▼ 10.5% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.2m | €1.1m | ▼ 9.5% |
| Intangible fixed assets21 | €8,344 | €6,892 | €4,338 | €1,785 | ▼ 58.9% |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.2m | €1.1m | ▼ 9.3% |
| Land and buildings22 | €1.2m | €1.1m | €1.2m | €1.1m | ▼ 9.6% |
| Plant, machinery and equipment23 | €7,208 | €10,143 | €9,159 | €14,166 | ▲ 54.7% |
| Furniture and vehicles24 | €22,968 | €25,832 | €20,521 | €15,797 | ▼ 23.0% |
| Current assets29/58 | €56,989 | €5,836 | €36,213 | €20,346 | ▼ 43.8% |
| Stocks and contracts in progress3 | €13,940 | €5,164 | €4,673 | €4,919 | ▲ 5.3% |
| Stocks30/36 | €13,940 | €5,164 | €4,673 | €4,919 | ▲ 5.3% |
| Amounts receivable within one year40/41 | €41,779 | €463 | €21,648 | €13,172 | ▼ 39.2% |
| Trade receivables40 | €26,869 | - | €17,491 | €12,455 | ▼ 28.8% |
| Other amounts receivable41 | €14,910 | €463 | €4,157 | €717 | ▼ 82.8% |
| Cash at bank and in hand54/58 | €188 | €209 | €9,892 | €2,255 | ▼ 77.2% |
| Deferred charges and accrued income490/1 | €1,082 | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.3m | €1.2m | €1.3m | €1.2m | ▼ 10.5% |
| Equity10/15 | -€124,427 | -€194,160 | -€274,248 | -€307,784 | ▼ 12.2% |
| Contributions10/11 | €7,200 | €7,200 | €7,200 | €7,200 | = |
| Profit (loss) carried forward14 | -€131,627 | -€201,360 | -€281,448 | -€314,984 | ▼ 11.9% |
| Amounts payable17/49 | €1.4m | €1.4m | €1.6m | €1.5m | ▼ 6.5% |
| Amounts payable after more than one year17 | €770,640 | €741,022 | €804,970 | €960,866 | ▲ 19.4% |
| Financial debts170/4 | €770,640 | €741,022 | €804,970 | €960,866 | ▲ 19.4% |
| Amounts payable within one year42/48 | €633,712 | €641,680 | €745,383 | €490,490 | ▼ 34.2% |
| Financial debts43 | €531,079 | €435,710 | €440,645 | €6,992 | ▼ 98.4% |
| Credit institutions430/8 | €531,079 | €435,710 | €440,645 | €6,992 | ▼ 98.4% |
| Trade debts44 | €83,512 | €16,927 | €15,985 | €5,568 | ▼ 65.2% |
| Suppliers440/4 | €83,512 | €16,927 | €15,985 | €5,568 | ▼ 65.2% |
| Taxes, remuneration and social security45 | €2,933 | €1,876 | - | €282 | - |
| Taxes450/3 | €2,933 | €1,876 | - | €282 | - |
| Other amounts payable47/48 | €16,189 | €187,167 | €288,753 | €477,648 | ▲ 65.4% |
| Accrued charges and deferred income492/3 | €2,057 | - | €8,845 | €6,671 | ▼ 24.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€131,627 | -€69,733 | -€80,088 | -€33,536 | ▲ 58.1% |
| + Depreciation and write-downs630 | €89,782 | €66,435 | €69,907 | €76,696 | ▲ 9.7% |
| Operating cash flow (approximation) | -€41,845 | -€3,298 | -€10,181 | €43,160 | ▲ 524% |
| Investment in fixed assets (approximation) | - | -€24,148 | -€135,938 | €42,144 | ▲ 131% |
| Change in cash | - | €21 | €9,683 | -€7,637 | ▼ 179% |
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
2025
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 68 days late
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 113 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hasselt · 1 establishment unit since 2020
Ground area
4,797 m²
Building footprint
146 m²
Volume, LiDAR
788 m³
Parcel 71055B0003/00R000, Flanders · tallest building 11.5 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
B&B Elzartwinning
since 20202.302.721.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71055B0003/00R000 | Flanders | 4,797 m² | 1 · 146 m² | 11.5 m · 1 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 siteHasselt2.302.721.602
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,854 companies in sector 55204 we hold annual accounts for 451. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-05-2020
Fiscal year end31-12
Trade name NL
B&B Elzartwinning
Activities, NACEBEL 2025
55204Guest rooms (bed and breakfast)
56210Event catering
68201Renting and operating of own or leased residential real estate, excluding social housing
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746712136
Also
9925:BE0746712136
Registered
12-12-2025
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.