Nexo
ActiveSummary
Nexo has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €348,971 and a net result of -€142,216. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 617 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-2
Solvency93▼-6
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 13.16 against 10.07 in 2023; short-term debt: 6.5% and cash: 39.2% of total assets), and 32.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Activities of membership organisations (NACE 94)
about 92% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
67.7%
Return on assets
-27.6%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year -€142,216
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-09-2025, 36 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
36 d late
2023
62 d late
2022
59 d early
2021
31 d early
2020
90 d late
2013
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 29 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€142,216▼ 63.5%
2023 · -€86,958
Working capital
€408,081▼ 11.9%
2023 · €463,339
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 94, Activities of membership organisations, 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-€30,839-€119,072€18,543▼ 84.4%-€84,520-€138,003▼ 63.3%
Net result-€34,654below the sector's middle half-€113,572above the sector's middle half€15,104within the sector's middle half▼ 86.7%-€86,958below the sector's middle half-€142,216below the sector's middle half▼ 63.5%
Equity€449,469within the sector's middle half-€563,041within the sector's middle half▲ 25.3%€578,145within the sector's middle half▲ 2.7%€491,187within the sector's middle half▼ 15.0%€348,971within the sector's middle half▼ 29.0%
Total assets€816,225within the sector's middle half-€747,798within the sector's middle half▼ 8.4%€711,399within the sector's middle half▼ 4.9%€660,502within the sector's middle half▼ 7.2%€515,194below the sector's middle half▼ 22.0%
Debt€366,756-€184,757▼ 49.6%€133,254▼ 27.9%€169,315▲ 27.1%€166,223▼ 1.8%
Working capital€409,463within the sector's middle half-€570,497within the sector's middle half▲ 39.3%€514,659within the sector's middle half▼ 9.8%€463,339within the sector's middle half▼ 10.0%€408,081within the sector's middle half▼ 11.9%
Solvency55.1%within the sector's middle half-75.3%within the sector's middle half▲ 20.2pp81.3%within the sector's middle half▲ 6.0pp74.4%within the sector's middle half▼ 6.9pp67.7%within the sector's middle half▼ 6.6pp
Current ratio2.18below the sector's middle half-4.63within the sector's middle half▲ 2.447.87within the sector's middle half▲ 3.2410.07above the sector's middle half▲ 2.2013.16above the sector's middle half▲ 3.09
Return on assets (ROA)-4.2%below the sector's middle half-15.2%above the sector's middle half▲ 19.4pp2.1%within the sector's middle half▼ 13.1pp-13.2%below the sector's middle half▼ 15.3pp-27.6%below the sector's middle half▼ 14.4pp
above
within
below
the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €138,003 in 2024 against €84,520 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €515,194
Fixed assets
€73,546 ▼ 49.6%
Current assets
€441,648 ▼ 14.1%
Equity and liabilities €515,194
Equity
€348,971 ▼ 29.0%
Debt
€166,223 ▼ 1.8%
Debt's share of the balance-sheet total rises from 25.6% to 32.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€65,481▼
2023 · -€19,518
Cash flow
-€69,694▼
2023 · -€21,956
Debt to equity
0.48▲
2023 · 0.34
ROE
-40.8%▼
2023 · -17.7%
Interest coverage
-15.52▼
2023 · -7.68
Debt ≤ 1 year
€33,567▼
2023 · €51,095
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 376 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 91% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
0.8%
went bankrupt
6.6%
stopped otherwise
91%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 376 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €150,438 | €71,199 | €26,520 | €65,002 | €72,522 | ▲ 11.6% |
| Other operating charges640/8 | - | €408 | €334 | €225 | €92 | ▼ 59.1% |
| Gross operating margin9900 | €120,290 | €190,679 | €45,397 | -€19,293 | -€65,389 | ▼ 239% |
| Operating profit (loss)9901 | -€30,839 | €119,072 | €18,543 | -€84,520 | -€138,003 | ▼ 63.3% |
| Financial income75/76B | - | €35 | €446 | €102 | €6 | ▼ 94.1% |
| Recurring financial income75 | €734 | €35 | €446 | €102 | €6 | ▼ 94.1% |
| Financial charges65/66B | - | €5,535 | €3,885 | €2,540 | €4,219 | ▲ 66.1% |
| Recurring financial charges65 | €4,549 | €5,535 | €3,885 | €2,540 | €4,219 | ▲ 66.1% |
| Profit (loss) for the period before taxes9903 | -€34,654 | €113,572 | €15,104 | -€86,958 | -€142,216 | ▼ 63.5% |
| Profit (loss) for the period9904 | -€34,654 | €113,572 | €15,104 | -€86,958 | -€142,216 | ▼ 63.5% |
| Profit (loss) for the period to be appropriated9905 | -€34,654 | €113,572 | €15,104 | -€86,958 | -€142,216 | ▼ 63.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €816,225 | €747,798 | €711,399 | €660,502 | €515,194 | ▼ 22.0% |
| Fixed assets21/28 | €61,200 | €20,001 | €121,820 | €146,068 | €73,546 | ▼ 49.6% |
| Intangible fixed assets21 | €61,200 | €20,001 | €120,990 | €145,618 | €73,475 | ▼ 49.5% |
| Tangible fixed assets22/27 | - | - | €830 | €450 | €71 | ▼ 84.2% |
| Furniture and vehicles24 | - | - | €830 | €450 | €71 | ▼ 84.2% |
| Current assets29/58 | €755,025 | €727,797 | €589,579 | €514,434 | €441,648 | ▼ 14.1% |
| Stocks and contracts in progress3 | - | €83,000 | - | - | - | - |
| Stocks30/36 | - | €83,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €275,874 | €52,075 | €64,032 | €112,637 | €238,157 | ▲ 111% |
| Trade receivables40 | - | €42,444 | €59,000 | €109,657 | €236,917 | ▲ 116% |
| Other amounts receivable41 | - | €9,631 | €5,032 | €2,980 | €1,240 | ▼ 58.4% |
| Cash at bank and in hand54/58 | €479,060 | €589,873 | €523,259 | €380,164 | €201,903 | ▼ 46.9% |
| Deferred charges and accrued income490/1 | - | €2,849 | €2,288 | €21,633 | €1,588 | ▼ 92.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €816,225 | €747,798 | €711,399 | €660,502 | €515,194 | ▼ 22.0% |
| Equity10/15 | €449,469 | €563,041 | €578,145 | €491,187 | €348,971 | ▼ 29.0% |
| Profit (loss) carried forward14 | €449,469 | €563,041 | €578,145 | €491,187 | €348,971 | ▼ 29.0% |
| Amounts payable17/49 | €366,756 | €184,757 | €133,254 | €169,315 | €166,223 | ▼ 1.8% |
| Amounts payable within one year42/48 | €345,562 | €157,300 | €74,920 | €51,095 | €33,567 | ▼ 34.3% |
| Trade debts44 | €315,205 | €155,018 | €74,920 | €51,095 | €33,567 | ▼ 34.3% |
| Suppliers440/4 | - | €155,018 | €74,920 | €51,095 | €33,567 | ▼ 34.3% |
| Accrued charges and deferred income492/3 | - | €27,457 | €58,334 | €118,220 | €132,656 | ▲ 12.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,654 | €113,572 | €15,104 | -€86,958 | -€142,216 | ▼ 63.5% |
| + Depreciation and write-downs630 | €150,438 | €71,199 | €26,520 | €65,002 | €72,522 | ▲ 11.6% |
| Operating cash flow (approximation) | €115,784 | €184,771 | €41,624 | -€21,956 | -€69,694 | ▼ 217% |
| Investment in fixed assets (approximation) | - | -€30,000 | -€128,339 | -€89,250 | €0 | ▲ 100% |
| Change in cash | - | €110,813 | -€66,614 | -€143,095 | -€178,261 | ▼ 24.6% |
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
2026
12-08
State Gazette act
Resignations: Sophie GIORGI-CHENEAU, Laurent BRECHON CORNERY and Leigh GARNERAppointments: Bertrand GRANDIERES, Esteban MARTIN and Neil DICKSON · Statutes amendment15 facts ▸
State Gazette act
Resignations: Sophie GIORGI-CHENEAU, Laurent BRECHON CORNERY and Leigh GARNER
Appointments: Bertrand GRANDIERES, Esteban MARTIN and Neil DICKSON · Statutes amendment15 facts ▸
- General meeting, 27-05-2026
- Director resignation, Sophie GIORGI-CHENEAU (membre du conseil des directeurs)
- Director resignation, Laurent BRECHON CORNERY (membre du conseil des directeurs)
- Director resignation, Leigh GARNER (membre du conseil des directeurs)
- General meeting, unanimité, nomination de 3 membres au Conseil des directeurs
- Director appointment, Bertrand GRANDIERES (membre du conseil des directeurs)
- Director appointment, Esteban MARTIN (membre du conseil des directeurs)
- Director appointment, Neil DICKSON (membre du conseil des directeurs)
- General meeting, 27-05-2026
- Statutes amendment, 6.4
- Statutes amendment
- Statutes amendment, 6.6
- +3 further facts in this act
2025
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 36 days late
2024
31-12
Financial
Weakest financial yearnet -€142,216
Net result drops to -€142,216, the lowest in the series.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 62 days late
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €113,572
Net result €113,572 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 4.63
Current ratio from 2.18 to 4.63; short-term debt falls from €345,562 to €157,300.
31-12
Financial
Equity above €500,000Eq €563,041 ▲25.3%
Equity rises from €449,469 to €563,041.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2014
16-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 19 acts read
About the unread acts
Of the 19 Belgian State Gazette acts we know for this company, 1 has been read. The other 18 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26103844). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Bertrand GRANDIERES
CurrentMembre du conseil des directeurs · since 27-05-2026
Esteban MARTIN
CurrentMembre du conseil des directeurs · since 27-05-2026
Neil DICKSON
CurrentMembre du conseil des directeurs · since 27-05-2026
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 →
Not every act has been read: a resignation may be missing here
18 of this company's 19 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel
Ground area
428 m²
Building footprint
514 m²
Volume, LiDAR
10,526 m³
Parcel 21805E0456/00D000, Brussels · tallest building 29.5 m, ±9 floors. Linked by address, not a title deed.
30
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0456/00D000 | Brussels | 428 m² | 1 · 514 m² | 29.5 m · 9 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.
Mandate history
6 people since 2026, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Bertrand GRANDIERES |
|
| Esteban MARTIN |
|
| Neil DICKSON |
|
| GARNER Leigh |
|
| Laurent BRECHON CORNERY |
|
| Sophie GIORGI-CHENEAU |
|
Articles of association
Who signs
“Article 27: Représentation de l'Association Sans préjudice des pouvoirs de représentation du Secrétaire général et sans préjudice des pouvoirs spéciaux que le Conseil d'administration peut déléguer à une ou plusieurs personnes, l'Association est valablement représentée par le Président du Conseil…”
Full text
Article 27: Représentation de l'Association Sans préjudice des pouvoirs de représentation du Secrétaire général et sans préjudice des pouvoirs spéciaux que le Conseil d'administration peut déléguer à une ou plusieurs personnes, l'Association est valablement représentée par le Président du Conseil d'administration ou son délégué ou par deux (2) Administrateurs agissant conjointement. Le Président du Conseil d'administration ou son délégué représentent l'Association en justice tant demandant qu'en défendant.
Annual meeting
Duration
Unlimited
Purpose
Suivre les tendances du marché, encourager l'utilisation par le marché de ses spécifications et standards, et, de manière plus générale, entreprendre toutes les activités…
Full purpose (4 activities)
- Suivre les tendances du marché, encourager l'utilisation par le marché de ses spécifications et standards, et, de manière plus générale, entreprendre toutes les activités nécessaires ou utiles liées à la standardisation des pratiques de paiement par cartes et/ou autres moyens de paiement électronique
- Représenter, promouvoir, et plus généralement défendre les intérêts de ses Membres dans le domaine de la standardisation des paiements par cartes et/ou autres moyens de paiement électroniques
- Dencourager ses Membres à échanger des informations et à partager leurs expériences
- Susciter un intérêt à l'échelle mondiale dans les activités de ses Membres
Legal form clause
Registered office clause
Article 4. Siège
Membership rule
Article 5. Durée
Membres principaux droits, droit de prendre part aux votes
Membres observateurs, Les membres observateurs peuvent assister aux réunions de l'Assemblée générale
Conseillers, Les Conseillers n'ont pas accès aux versions préliminaires des spécifications et standards, ni documents produits par l'Association tant que ceux-c…
Adhésion Membres principaux, Les Membres principaux se prononcent quant aux demandes d'adhésion après avoir examiné les documents suivants qui auront été préala…
Décision d'adhésion, n'est susceptible d'aucun recours
Les cotisations afférentes à l'année en cours lorsque le préavis prend fin sont dues pour le tout et la démission ne donne droit à aucun remboursement, Fin de l…
Motifs de suspension et d'exclusion
11 more provisions on this in the deed
Other statement
Article 9. Responsabilité des Membres
Article 10. Ressources de l'Association
Article 11. Cotisations
Association structure, autres comités, groupes de travail et groupes d'action lorsque les intérêts de l'Association l'exigent
Article 13. Pouvoirs
Article 14. Composition de l'Assemblée générale
Article 16. Autres réunions de l'Assemblée générale
Quorum assemblee generale, au plus tôt quinze (15) jours après la première
L'Assemblée Générale ne peut valablement délibérer que sur les points figurant à l'ordre du jour, ordre jour assemblee generale
Majorites assemblee generale, bulletins secrets
President vice president assemblee generale, mandat du Conseil d'administration
Article 19. Procurations
Proces verbaux assemblee generale, Dans le mois suivant la réunion, le Secrétaire général envoie une copie du procès-verbal à chaque Membre par courrier, par té…
Comité Exécutif (Executive Committee), ne se substitue pas au Conseil d'administration et n'exerce pas les pouvoirs réservés par la loi ou par les présents stat…
Organe consultatif technique auprès du Conseil d'administration et de ses dirigeants (Président du Conseil d'administration et Secrétaire général), Comité de pi…
Leur mandat, leur champ d'action, leur composition, leur durée et leurs règles de fonctionnement sont définis dans le cahier des charges de chaque groupe de tra…
Droit belge, Droit applicable
Deux (2) ans ou pour la durée restante du mandat de son prédécesseur si celui-ci prend fin anticipativement, Trésorier
8 more provisions on this in the deed
Board rule
Conseil administration composition pouvoirs, les pouvoirs les plus étendus pour la gestion et la représentation de l'Association
Candidature administrateur, 4 semaines avant l'assemblée générale
Postes vacants, nomination approuvée par une assemblée générale convoquée conformément aux articles 15 et 16
2 ans, président et vice-président du conseil d'administration
Quorum et décisions conseil d'administration, 50% des administrateurs présents ou représentés
Conflits d'intérêts, déclaration et explications sur la nature de l'intérêt opposé doivent figurer dans le procès-verbal
Un administrateur ne peut être porteur que d'une seule procuration, procurations conseil d'administration
Board meeting
Convocation conseil d'administration, ordre du jour et documents pertinents joints à la convocation
Custody of records
Procès-verbaux du Conseil d'administration, Membres principaux peuvent en demander par écrit une copie au Secrétariat général
Dissolution rule
Conformément à l'article 17, l'Assemblée générale fixe les modalités de liquidation, nomme un ou plusieurs liquidateurs avec pour mission de réaliser les actifs…
Structure & network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Of 3,130 companies in sector 94999 we hold annual accounts for 713. 538 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formInt'l non-profit association
Founded06-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
94999Other membership organisations
E-invoicing
Reachable via Peppol
Peppol ID
0208:0822206147
Also
9925:BE0822206147
Registered
06-01-2026
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.