Turnover
≈ €73,000 estimated
The micro format states no turnover.
NEXT CAP
Overview
Lifetime
1 annual account with figurespeak €56,349 (2025)
€56,349
lowest -€85,763 (2025)
-€85,763
peak €14,237 (2025)
€14,237
€901,359
Board2 names since 2025
2 directors and 1 other
Documentsfilings and deeds
18-06-202643 days before the deadline
2025micro format
Loss of €85,763Incorporation 27-021 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsDebts
€901,359 98% of the balance sheet
Financial debts 79%Suppliers 1%Taxes and wages 0%Other 20%
Of this, €180,631 falls due within a year.
Position in the sector
-€85,763
Lower net result than 95% of companies in real estate. Sector median €5,854 · 19,790 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 120 companies had the same profile as NEXT CAP has now. Each dot is one company, two years later.
95.8%
were still trading
1.7%
stopped another way
2.5%
went bankrupt
Test of the method
The method was tested on the 497,331 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 120 companies, not a prediction for NEXT CAP. 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
Director
- founderdeed of 27-02-2025
- founderdeed of 27-02-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1020375167
First establishment
Rue de la Croix Limont 11, Ciney
Incorporation
Founding capital of €100,000, 1,000 shares · Founders: and · Appointments: (director) and (director) · published on 27-02-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NEXT CAP Ciney | €0.9m | €56,349 | 1.6% | - |
| SaxImmo Dinant | €0.8m | €48,832 | 2.4% | - |
| NENA REAL ESTATE Beringen | €0.9m | €52,623 | 0.5% | - |
| HOSPITALITY HOUSES Antwerp | €1.0m | €48,945 | 3.6% | - |
| LA MÔME Antwerp | €1.1m | €54,286 | 7.4% | - |
| BEALSI Assesse | €0.8m | €53,440 | 56.9% | - |
| Locanys Namur | €0.9m | €44,754 | 43.8% | - |
These companies have the same main activity as NEXT CAP: 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 €754,000 and €1.1m, founded in 2024.
Official details
Source: KBO- Status
- Active since 25-02-2025Normal situation
- Registered office
- 26 active companies are registered at this address4 started in the 12 months before. Source: KBO register, as of 12 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.371.323.2675590 Ciney, since 01-03-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 08-05-2025
Annual accounts 2025
- €56,349
- €85,763
- €14,237
- €915,596
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on NEXT CAP
NEXT CAP has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,237 and a net result of -€85,763.
Its solvency ranks better than 22% of 19,803 sector peers (NACE 68, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 18-06-2026, 43 days before the deadline€56,349
-€71,341
-€85,763
-€163,474
1.6%
0.09
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €73,000. Estimated: probably between €63,000 and €93,000.
Balance sheet
balance sheet total €915,596 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
1.6%
Higher than 22% of 19,803 companies in 2025.
0.09
Higher than 11% of 18,977 companies in 2025.
-9.4%
Higher than 10% of 19,446 companies in 2025.
NEXT CAP
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
915,596 | |
21/28 |
898,439 | |
21 |
1,443 | |
22/27 |
896,996 | |
22 |
886,600 | |
23 |
10,395 | |
29/58 |
17,157 | |
40/41 |
2,648 | |
40 |
2,648 | |
54/58 |
14,458 | |
490/1 |
51 | |
| Balance sheet: equity and liabilities | ||
10/49 |
915,596 | |
10/15 |
14,237 | |
10/11 |
100,000 | |
14 |
-85,763 | |
17/49 |
901,359 | |
17 |
712,970 | |
170/4 |
712,970 | |
42/48 |
180,631 | |
42 |
69,892 | |
44 |
6,909 | |
440/4 |
6,909 | |
45 |
3,830 | |
450/3 |
3,830 | |
47/48 |
100,000 | |
492/3 |
7,758 | |
| Income statement | ||
9900 |
56,349 | |
630 |
127,062 | |
640/8 |
628 | |
9901 |
-71,341 | |
65/66B |
14,423 | |
65 |
14,423 | |
9903 |
-85,763 | |
9904 |
-85,763 | |
9905 |
-85,763 | |
| Appropriation of the result | ||
9906 |
-85,763 | |
| Document | ||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 18-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-06-2026 | 2026-00175345 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 55,721 | ||
| 41,299 | ||
| 1.0m | ||
| -163,474 | ||
| 1.6% | ||
| 0.09 | ||
| 63.31 | ||
| -602.4% | ||
| -9.4% | ||
| 3.86 |
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.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €1.0m |
| Intangible fixed assets | €1,600 |
| €127,062 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on NEXT CAP
Debt's share of the balance-sheet total is 98.4%.
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
appointed by deed of 27-02-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 18-06-2026
Director (not named in the articles)
appointed by deed of 27-02-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 18-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 27-02-2025
Mandates through the years
2 names, the dashed line is todayDirector (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), appointed by deed of 27-02-2025, still in office
-
- Director (not named in the articles), appointed by deed of 27-02-2025, still in office
Control
Founders
,
This company
NEXT CAP
Equity €14,237
Loss €85,763 in 2025
Capital
- Contribution
- €100,000
- Shares
- 1,000
- Contribution per share
- €100
- Equity per share
- €14.24 in 2025
- Source
- deed of 27-02-2025
Articles of association
deed of 27-02-2025 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Ceux que la loi et les statuts réservent à l'assemblée générale, chaque administrateur agissant seul peut accomplir tous actes nécessaires…”“Assemblée générale décide si mandat exercé gratuitement ou non, portée aux frais généraux indépendamment des frais de représentation,voyages…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Founders
At incorporation
deed of 27-02-2025 ↗
- founder
- founder
Network & group
No group
NEXT CAP has no parent and no holdings in its annual accounts. NEXT CAP shares no director with another company.
Timeline
Timeline
4 events since 2025Filings
Establishments
20252026
2026
Annual accounts 2025 filed NBBmicro format · 43 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1020375167
First establishment Rue de la Croix Limont 11, Ciney
IncorporationFounding capital of €100,000, 1,000 shares · Founders: and · Appointments: (director) and (director) · published on 27-02-20257 points ▸
- Founder, (comparant fondateur)
- Founder, (comparant fondateur)
- Founding capital, €100,000, 1,000 shares
- Registered office clause, Rue de la Croix Limont 11, 5590 Ciney
- Board rule, 2
- Director appointment, (director (not named in the articles))
- Director appointment, (director (not named in the articles))
- The deed holds 2 more points.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1020.375.167
- VAT number
- BE 1020.375.167
- Peppol ID
- 0208:1020375167
- Other Peppol ID
- 9925:BE1020375167
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 25-02-2025
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 18:00deed of 27-02-2025 (in French)
- Peppol
- Reachable since 08-05-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- NEXT CAP in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 27-02-2025 (in French)
Activities
NACEBEL 202568203
Renting and operating of own or leased non-residential real estate, excluding land main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La réalisation d'opérations d'achat, de vente, de location d'immeubles, ainsi que les opérations de promotion associées aux activités…”deed of 27-02-2025 (in French)
15 activities
- La réalisation d'opérations d'achat, de vente, de location d'immeubles, ainsi que les opérations de promotion associées aux activités reprises à son objet social et notamment toutes opérations ayant un lien direct ou indirect avec la promotion immobilière.
- La constitution et la valorisation d'un patrimoine immobilier, tant en immeubles qu'en droits réels immobiliers, notamment l'achat, la vente l'échange, la négociation la transaction, la gestion, le leasing, la location meublée ou non tant en qualité de bailleur que de locataire, le lotissement,l'expertise, la revente, le courtage, la promotion de tous biens immobiliers et en général de quelque nature, situés en Belgique ou à l'étranger ainsi que l'organisation et la mise en place de systèmes de co-working et d'autres systèmes similaires.
- La société a pour objet la réalisation d'opérations d'achat, de vente, de location d'immeubles, ainsi que les opérations de promotion associées aux activités reprises à son objet social et notamment toutes opérations ayant un lien direct ou indirect avec la promotion immobilière.
- La gestion au sens large de toutes sociétés ou entreprises de droit belge ou de droit étranger, commerciales, industrielles, financières, mobilières et immobilières, ainsi que le contrôle de leur gestion ou la participation à celle-ci par la prise de tous mandats au sein desdites sociétés ou entreprises.
- La consultance et/ou la prestation de services dans les domaines de la gestion, de l'administration, de la restructuration, du développement, de la reconversion et du management d'entreprises, dans le cadre d'une activité de développement et de tous concepts de gestion et de management d'entreprises en général.
- La consultance, la prestation de services, la formation, et l'expertise dans les domaines ayant un rapport direct ou indirect avec la promotion immobilière, les études, la construction, le contrôle, la gestion et de manière générale avec tout ce qui est en rapport avec l’immobilier.
- La consultance, la prestation de services, la formation, et l'expertise dans les domaines ayant un rapport direct ou indirect avec les estimations budgétaires, les faisabilités financières, la planification, l’analyse stratégique et des risques, les programmations commerciale, technique et financière, … et de manière générale avec tout ce qui est en rapport avec l’immobilier.
- Toutes activités liées à la location de chambres avec ou sans services hôtelier au sens large.
- La consultance, la prestation de services, la formation, et l'expertise dans les domaines ayant un rapport direct ou indirect avec l’organisation interne des entreprises (et de ses services et départements), devant occuper des immeubles, ayant un lien ou un impact sur la quantité et la qualité des surfaces occupées, dans des domaines aussi variés que bureaux, résidentiels, hôtels, maisons de repos, industriels, stockage, commerces grands et petits, parkings, …
- L’exploitation de salles pour l’organisation d’activités permanentes ou temporaires ;
- L'organisation d'événements en tout genre et les prestations techniques et horeca sur ces événements ;
- La prestation de services dans le domaine de l'événement, (service de régie, de logistique, de consultance, etc.).
- L'organisation, la création, la conception, l'exploitation, la réalisation, la gestion d'événements privés, publics, culturels ou commerciaux, la promotion sous toutes les formes de ces événements.
- La location de salles, hangars, hôtels ou autres bâtiments ;
- La fabrication et le montage de stands et de toutes structures supports de spectacles, de manifestations, ou d’activités quelconques.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue de la Croix Limont 11 registered office 5590 Ciney | 01-03-2025 | 2.371.323.267 |
Contact
E-mail
pierre@ml-locations.be
Phone
+32 497 02 13 46