NEXEN
ActiveSummary
NEXEN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€2.2m) and a net result of €108,828. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 5% of 9634 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.67 against 1.56 in 2023; short-term debt: 21.4% and cash: 43.4% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Return on assets
398.2%
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9634 sector peers (2024).
NBB · sector comparisonPosition among 9634 sector peers
Solvency
better than 5%
← weakest
strongest →
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
1 d late
2023
28 d early
2022
31 d early
2021
31 d late
2020
50 d early
2019
4 d early
← 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 16 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 4 July (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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Financials · fiscal year 2024, abbreviated schema
Equity
-€2.2m▲ 4.8%
2023 · -€2.3m
Total assets
€27,331▼ 16.1%
2023 · €32,575
Net result
€108,828▲ 87.6%
2023 · €58,011
Working capital
€21,472▲ 83.8%
2023 · €11,682
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Operating result-€1,765▲ 99.3%-€1,635▲ 7.4%-€2,285▼ 39.7%€68,122€117,831▲ 73.0%
Net result-€11,858below the sector's middle half▲ 95.1%-€11,750below the sector's middle half▲ 0.9%-€12,361below the sector's middle half▼ 5.2%€58,011within the sector's middle half€108,828within the sector's middle half▲ 87.6%
Equity-€2.3mbelow the sector's middle half▼ 0.5%-€2.3mbelow the sector's middle half▼ 0.5%-€2.3mbelow the sector's middle half▼ 0.5%-€2.3mbelow the sector's middle half▲ 2.5%-€2.2mbelow the sector's middle half▲ 4.8%
Total assets€1,322below the sector's middle half▼ 94.0%€354below the sector's middle half▼ 73.2%€643below the sector's middle half▲ 81.3%€32,575below the sector's middle half▲ 4,970%€27,331below the sector's middle half▼ 16.1%
Debt€2.3m▼ 0.4%€2.3m▲ 0.5%€2.3m▲ 0.5%€2.3m▼ 1.1%€2.2m▼ 4.9%
Working capital-€10,328below the sector's middle half▼ 473%-€22,078below the sector's middle half▼ 114%-€34,439below the sector's middle half▼ 56.0%€11,682below the sector's middle half€21,472within the sector's middle half▲ 83.8%
Solvency
Current ratio1.56within the sector's middle half4.67above the sector's middle half▲ 3.11
Return on assets (ROA)178.1%above the sector's middle half398.2%above the sector's middle half▲ 220.1pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 73% above 2023 and is the highest result in the available series.
Key figures and ratios
Debt to equity
-1.01▲
2023 · -1.01
Debt ≤ 1 year
€5,858▼
2023 · €20,893
Debt > 1 year
€2.2m▼
2023 · €2.3m
A ratio outside any meaningful range has been withheld (balance sheet total €27,331, equity -€2.2m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,632 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €109 | €231 | €172 | €1,741 | ▲ 912% |
| Gross operating margin9900 | -€1,765 | -€1,526 | -€2,054 | €68,294 | €119,572 | ▲ 75.1% |
| Operating profit (loss)9901 | -€1,765 | -€1,635 | -€2,285 | €68,122 | €117,831 | ▲ 73.0% |
| Financial income75/76B | - | - | - | €32 | €0 | ▼ 99.9% |
| Recurring financial income75 | - | - | - | €32 | €0 | ▼ 99.9% |
| Financial charges65/66B | - | €10,115 | €10,076 | €10,143 | €9,002 | ▼ 11.2% |
| Recurring financial charges65 | €10,061 | €10,115 | €10,076 | €10,143 | €9,002 | ▼ 11.2% |
| Profit (loss) for the period before taxes9903 | -€11,826 | -€11,750 | -€12,361 | €58,011 | €108,828 | ▲ 87.6% |
| Income taxes67/77 | €32 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | -€11,858 | -€11,750 | -€12,361 | €58,011 | €108,828 | ▲ 87.6% |
| Profit (loss) for the period to be appropriated9905 | -€11,858 | -€11,750 | -€12,361 | €58,011 | €108,828 | ▲ 87.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,322 | €354 | €643 | €32,575 | €27,331 | ▼ 16.1% |
| Current assets29/58 | €1,322 | €354 | €643 | €32,575 | €27,331 | ▼ 16.1% |
| Amounts receivable within one year40/41 | €1,068 | €339 | €571 | €16,498 | €15,465 | ▼ 6.3% |
| Trade receivables40 | - | €130 | €0 | €16,498 | €15,465 | ▼ 6.3% |
| Other amounts receivable41 | - | €209 | €571 | €0 | - | - |
| Cash at bank and in hand54/58 | €254 | €15 | €72 | €16,077 | €11,865 | ▼ 26.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,322 | €354 | €643 | €32,575 | €27,331 | ▼ 16.1% |
| Equity10/15 | -€2.3m | -€2.3m | -€2.3m | -€2.3m | -€2.2m | ▲ 4.8% |
| Contributions10/11 | €61,500 | €418,600 | €418,600 | €418,600 | €418,600 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Outside capital11 | - | €357,100 | €357,100 | €357,100 | €357,100 | = |
| Share premium1100/10 | - | €357,100 | €357,100 | €357,100 | €357,100 | = |
| Reserves13 | €5,275 | €5,275 | €5,275 | €5,275 | €5,275 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €3,415 | €3,415 | €3,415 | €3,415 | = |
| Profit (loss) carried forward14 | -€2.7m | -€2.7m | -€2.8m | -€2.7m | -€2.6m | ▲ 4.0% |
| Amounts payable17/49 | €2.3m | €2.3m | €2.3m | €2.3m | €2.2m | ▼ 4.9% |
| Amounts payable after more than one year17 | €2.3m | €2.3m | €2.3m | €2.3m | €2.2m | ▼ 4.3% |
| Other amounts payable178/9 | - | €2.3m | €2.3m | €2.3m | €2.2m | ▼ 4.3% |
| Amounts payable within one year42/48 | €11,650 | €22,433 | €35,082 | €20,893 | €5,858 | ▼ 72.0% |
| Trade debts44 | €738 | €1,161 | €761 | €1,922 | €1,512 | ▼ 21.3% |
| Suppliers440/4 | - | €1,161 | €761 | €1,922 | €1,512 | ▼ 21.3% |
| Taxes, remuneration and social security45 | - | - | - | €9,865 | €4,346 | ▼ 55.9% |
| Taxes450/3 | - | - | - | €9,865 | €3,396 | ▼ 65.6% |
| Remuneration and social security454/9 | - | - | - | - | €950 | - |
| Other amounts payable47/48 | - | €21,271 | €34,321 | €9,107 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €10,000 | €10,000 | €10,000 | €8,814 | ▼ 11.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,858 | -€11,750 | -€12,361 | €58,011 | €108,828 | ▲ 87.6% |
| Operating cash flow (approximation) | -€11,858 | -€11,750 | -€12,361 | €58,011 | €108,828 | ▲ 87.6% |
| Change in cash | - | -€238 | €56 | €16,005 | -€4,212 | ▼ 126% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 1 day late
2024
31-12
Financial
Highest result since 2018net €108,828 ▲87.6%
Operating result €117,831, net result €108,828, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.67
Current ratio from 1.56 to 4.67; short-term debt falls from €20,893 to €5,858.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €58,011
Net result €58,011 after 5 loss-making years.
31-12
Financial
Liquidity times 85current ratio 1.56
Current ratio from 0.02 to 1.56; short-term debt falls from €35,082 to €20,893.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 acts for this company are 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, Brugge · 1 establishment unit since 2010
Ground area
108 m²
Building footprint
108 m²
Volume, LiDAR
1,340 m³
Parcel 31804D0326/00F000, Flanders · tallest building 16.2 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
NEXEN
since 20102.186.617.946
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31804D0326/00F000 | Flanders | 108 m² | 1 · 108 m² | 16.2 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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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 3,224 companies in sector 47400 we hold annual accounts for 1,808. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
58290Other software publishing
62900Other information technology and computer services
62100Computer programming
Contact
E-mail
roose.christophe@telenet.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0824031034
Also
9925:BE0824031034
Registered
20-03-2025
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.