Equity
-€2.1m
Debts exceed assets in financial year 2025.
NEXEN
Lifetime
15 annual accounts with figures on one time axispeak €233,270 (2019)
€60,147▼ 49.7%
lowest -€915,658 (2016)
€52,569▼ 51.7%
peak €163,857 (2015)
-€2.1m▲ €52,569
€2.2m▼ 1.7%
peak 1.2 FTE (2016)
-not published
Board12 names since 2014
1 director
Documentsfilings and deeds
29-06-202632 days before the deadline
2025abbreviated format
Gross margin from €119,572 to €60,147Result from €108,828 to €52,569Cash from €11,865 to €17,992
Key points
from the 2025 annual accountsResult
€52,569 ▼ 51.7%
The result fell in 2025 from €108,828 to €52,569.
Turnover
≈ €380,000 estimated
The abbreviated format states no turnover.
Debts
€2.2m 5,187% of the balance sheet
Suppliers 0%Taxes and wages 0%Other 100%
Of this, €9,773 falls due within a year.
Filings
15 annual accounts since 2011
Two of the last ten came late. The 2021 accounts came latest: 31 days after the end of the period.
Position in the sector
-5086.7%
Lower solvency than 95% of companies in retail trade. Sector median 36.9% · 13,255 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,633 companies had the same profile as NEXEN has now. Each dot stands for 10 companies, two years later.
91.9%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 3,633 companies, not a prediction for NEXEN. 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director
- 6,924 sharesdeed of 17-11-2015
- 2,769 sharesdeed of 17-11-2015
- 2,769 sharesdeed of 17-11-2015
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0824031034
Resignation: (director)
Director discharge: · General meeting of 27-12-2023 · Gazette deed
Registered office moved from Ghent to Bruges
New registered office: Sint-Jakobsstraat 59 bus 1, 8000 Brugge · Previous registered office: Ottergemsesteenweg-Zuid 808 bus 334, 9000 Gent · General meeting of 30-07-2019 · Gazette deed
2 directors appointed, 3 resignations
Resignations: , and (managing director) · Permanent representatives: and · Appointments: (managing director) and · General meeting of 30-04-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NEXEN Bruges | €41,570 | €60,147 | -5086.7% | - |
| AV-EURONET Braine-l'Alleud | €47,603 | €56,400 | 68.9% | - |
| Computerkliniek Bruges | €58,030 | €79,944 | -130.6% | - |
| STAR ONE BUSINESS Mons | €31,976 | €50,226 | 31.5% | - |
| Kamon Vilvoorde | €48,187 | €54,101 | -56.3% | - |
| RV TELEMATICS Huldenberg | €44,119 | €48,360 | 69.2% | - |
| LAMBDA MIND Uccle | €33,632 | €41,262 | -39.3% | - |
These companies have the same main activity as NEXEN: retail sale of information and communication equipment (NACE 47400). They are comparable in size and age: total assets between €32,000 and €58,000, founded between 2007 and 2012.
Official details
Source: KBO- Status
- Active since 10-03-2010Normal situation
- Activity
- Retail sale of information and communication equipmentNACE 47400and 3 others
- Establishment unit
- 2.186.617.9468000 Bruges, registered on 09-04-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 20-03-2025
Annual accounts 2025
- €41,570▲ 52.1%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on NEXEN
NEXEN files the abbreviated format. That format states no turnover. The gross margin rose from €17,287 in 2011 to €60,147 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NEXEN
- What is the company number of NEXEN?
- The company number of NEXEN is 0824.031.034. The VAT number is the same number with BE in front: BE 0824.031.034.
- Where is NEXEN based?
- The registered office is at Sint-Jakobsstraat 59, 8000 Bruges.Company details
- What does NEXEN do?
- According to the KBO register, the main activity is retail sale of information and communication equipment (NACE 47400).
- What is the legal form of NEXEN?
- NEXEN is a public limited company (NV).
- When was NEXEN founded?
- NEXEN was founded on 10-03-2010.
- Is NEXEN still active?
- Yes, NEXEN is an active enterprise in the KBO register.
- How many employees does NEXEN have?
- NEXEN had an average of 0.3 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
- What is the turnover of NEXEN?
- The turnover in financial year 2025 is ≈ €380,000. This figure is estimated from the gross margin of €60,147 and 76 comparable companies (NACE 47). It probably lies between €190,000 and €840,000.
- Is NEXEN profitable?
- In financial year 2025, NEXEN made a profit of €52,569.
- Where can I find the annual accounts of NEXEN?
- NEXEN filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NEXEN due?
- NEXEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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