Equity
Equity fell by 78% in 19 years.
Equity fell by 78% in 19 years.
Every financial year from 2019 to 2025 closed with a loss. 2024 was the heaviest.
The last five annual accounts were filed 56 to 77 days before the end of the period.
The dashed line is the sector median: 0.1% across 25,923 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 85% of them on solvency, 96% on liquidity, 15% on profitability and 33% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 12,322 companies had the same profile as NextBlock has now. Each dot stands for 31 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NextBlock itself: 0.1% within 12 months.
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 12,322 companies, not a prediction for NextBlock. 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.
Cash is 99.5% of total assets. 0% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 69 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| NextBlock Menen | €15,655 | -€585 | 100.0% | - |
| VERBERCK International Brasschaat | €15,588 | -€1,839 | 100.0% | - |
| ArteCom Ottignies-Louvain-la-Neuve | €13,364 | -€10,166 | -1803.9% | - |
| AXAILIA Erquelinnes | €14,776 | -€19,551 | -31.8% | - |
| SHAPE_IT Haacht | €14,290 | -€2,063 | -150.0% | - |
| Obycron Kontich | €13,539 | -€10,158 | -67.6% | - |
| EXPRESS GROUP Dilbeek | €16,381 | €523 | 100.0% | - |
These companies have the same main activity as NextBlock: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €13,400 and €16,400, founded between 1985 and 1999.
NextBlock files the micro format. That format states no turnover. The gross margin rose from -€4,116 in 2006 to -€585 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 95% of 21,186 companies in 2025.
Higher than 12% of 20,725 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
Total assets20/58 |
15,655 | 16,789 | 18,810 | 19,364 | 19,971 | 20,298 | 20,524 | 20,825 | 19,995 | 22,011 | 23,967 | 27,216 | 23,395 | 29,204 | 35,928 | 42,345 | 49,128 | 56,452 | 68,984 | 71,373 | |
Fixed assets21/28 |
- | - | - | - | - | - | - | - | - | - | - | - | 8,840 | 11,319 | 16,995 | 22,671 | 28,347 | 34,023 | 23,713 | 26,348 | |
Intangible fixed assets21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |
Tangible fixed assets22/27 |
- | - | - | - | - | - | - | - | - | - | - | - | 8,840 | 11,319 | 16,995 | 22,671 | 28,347 | 34,023 | 23,713 | 26,348 | |
Land and buildings22 |
- | - | - | - | - | - | - | - | - | - | - | - | 8,840 | 11,319 | 13,798 | 16,276 | 18,755 | 21,234 | 23,713 | 26,348 | |
Furniture and vehicles24 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,197 | 6,395 | 9,592 | 12,789 | - | - | |
Current assets29/58 |
15,655 | 16,789 | 18,810 | 19,364 | 19,971 | 20,298 | 20,524 | 20,825 | 19,995 | 22,011 | 23,967 | 27,216 | 14,555 | 17,885 | 18,933 | 19,674 | 20,781 | 22,429 | 45,271 | 45,025 | |
Amounts receivable within one year40/41 |
85 | 40 | - | - | - | - | - | - | - | - | 101 | - | 1,138 | 1,158 | 1,156 | 1,188 | 1,348 | 1,321 | 3,384 | 3,965 | |
Trade receivables40 |
- | - | - | - | - | - | - | - | - | - | 101 | - | 1,138 | 1,138 | 1,139 | 1,139 | 1,139 | 1,139 | 1,139 | 1,840 | |
Other amounts receivable41 |
85 | 40 | - | - | - | - | - | - | - | - | - | - | - | 20 | 17 | 49 | 209 | 182 | 2,245 | 2,125 | |
Current investments50/53 |
- | - | - | 19,364 | - | - | - | - | - | - | - | 20 | 7,459 | 7,459 | 7,459 | 7,459 | 7,459 | 7,459 | - | - | |
Cash at bank and in hand54/58 |
15,570 | 16,749 | 18,810 | - | 19,971 | 20,298 | 20,524 | 20,825 | 19,120 | 21,126 | 23,091 | 26,373 | 5,809 | 8,471 | 9,465 | 10,835 | 11,744 | 13,491 | 41,737 | 40,822 | |
Deferred charges and accrued income490/1 |
- | - | - | - | - | - | - | - | 875 | 885 | 775 | 823 | 149 | 797 | 853 | 192 | 230 | 158 | 150 | 238 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
Total equity and liabilities10/49 |
15,655 | 16,789 | 18,810 | 19,364 | 19,971 | 20,298 | 20,524 | 20,825 | 19,995 | 22,011 | 23,967 | 27,216 | 23,395 | 29,204 | 35,928 | 42,345 | 49,128 | 56,452 | 68,984 | 71,373 | |
Equity10/15 |
15,655 | 16,789 | 18,810 | 19,364 | 19,971 | 20,298 | 20,524 | 20,773 | 19,924 | 21,945 | 23,899 | 26,624 | 22,803 | 27,912 | 34,729 | 41,728 | 48,231 | 55,105 | 68,148 | 70,298 | |
Contributions10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
Issued capital100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
Reserves13 |
51,698 | 51,698 | 51,698 | 51,698 | 51,698 | 51,698 | 51,698 | 51,698 | 51,698 | 51,698 | 51,698 | 51,698 | 51,698 | 51,698 | 51,698 | 51,698 | 51,698 | 51,698 | 51,698 | 51,698 | |
Non-distributable reserves130/1 |
- | 0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Legal reserve130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
Reserves not available under the articles1311 |
- | 0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Distributable reserves133 |
51,698 | 51,698 | 49,838 | 49,838 | 49,838 | 49,838 | 49,838 | 49,838 | 49,838 | 49,838 | 49,838 | 49,838 | 49,838 | 49,838 | 49,838 | 49,838 | 49,838 | 49,838 | 49,838 | 49,838 | |
Profit (loss) carried forward14 |
-54,643 | -53,509 | -51,488 | -50,934 | -50,327 | -50,000 | -49,774 | -49,525 | -50,374 | -48,353 | -46,399 | -43,674 | -47,495 | -42,386 | -35,569 | -28,570 | -22,067 | -15,193 | -2,150 | - | |
Amounts payable17/49 |
- | - | - | - | - | - | - | 52 | 71 | 66 | 68 | 592 | 592 | 1,292 | 1,199 | 617 | 897 | 1,347 | 836 | 1,075 | |
Amounts payable within one year42/48 |
- | - | - | - | - | - | - | 52 | 71 | 66 | 68 | 592 | 592 | 1,292 | 1,199 | 617 | 897 | 1,347 | 836 | 1,075 | |
Trade debts44 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 675 | 668 | - | 243 | 353 | 185 | 15 | |
Suppliers440/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 675 | 668 | - | 243 | 353 | 185 | 15 | |
Taxes, remuneration and social security45 |
- | - | - | - | - | - | - | 52 | 71 | 66 | 68 | 61 | 61 | - | - | - | 39 | 379 | 39 | 39 | |
Taxes450/3 |
- | - | - | - | - | - | - | 52 | 71 | 66 | 68 | 61 | 61 | - | - | - | 39 | 379 | 39 | 39 | |
Other amounts payable47/48 |
- | - | - | - | - | - | - | - | - | - | - | 531 | 531 | 617 | 531 | 617 | 615 | 615 | 612 | 1,021 | |
| Income statement | |||||||||||||||||||||
Non-recurring operating income76A |
- | - | - | - | - | - | - | - | - | - | - | 8,600 | - | - | - | - | - | 1,653 | 4,800 | 9,267 | |
Gross operating margin9900 |
-585 | -1,515 | 169 | 280 | -203 | -200 | -215 | 903 | -1,048 | -1,170 | -815 | 823 | -2,378 | -213 | -115 | 43 | -365 | -6,257 | -4,182 | -4,116 | |
Goods, raw materials, services and sundry goods60/61 |
- | 1,515 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
- | - | - | - | - | - | - | - | - | - | - | - | 2,479 | 5,676 | 5,676 | 5,676 | 5,676 | 5,676 | 2,635 | 3,141 | |
Other operating charges640/8 |
593 | 577 | 663 | 833 | - | - | - | - | 833 | 606 | 1,795 | - | 153 | 1,042 | 1,300 | 1,040 | 928 | 984 | 914 | 1,021 | |
Non-recurring operating charges66A |
- | - | - | - | - | - | - | - | - | - | - | 5,458 | - | - | - | - | - | 2,698 | - | - | |
Operating profit (loss)9901 |
-1,178 | -2,092 | -494 | -553 | -203 | -200 | -215 | 903 | -1,881 | -1,776 | -2,610 | 823 | -5,010 | -6,931 | -7,091 | -6,673 | -6,969 | -12,917 | -7,731 | -8,278 | |
Financial income75/76B |
149 | 134 | - | - | 1 | - | - | 17 | 18 | 43 | 30 | 71 | 53 | 125 | 116 | 185 | 181 | 1,018 | 805 | 781 | |
Recurring financial income75 |
149 | 134 | - | - | 1 | - | - | 17 | 18 | 43 | 30 | 71 | 53 | 125 | 116 | 185 | 181 | 1,018 | 805 | 781 | |
Financial charges65/66B |
105 | 63 | 60 | 54 | 125 | 26 | 30 | 16 | 84 | 148 | 73 | 143 | - | 11 | 24 | 15 | 86 | 99 | 24 | 38 | |
Recurring financial charges65 |
- | - | 60 | 54 | 125 | 26 | 30 | 16 | 84 | 148 | 73 | 143 | - | 11 | 24 | 15 | 86 | 99 | 24 | 38 | |
Non-recurring financial charges66B |
105 | 63 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Profit (loss) for the period before taxes9903 |
-1,134 | -2,021 | -554 | -607 | -327 | -226 | -245 | 904 | -1,947 | -1,881 | -2,653 | 3,893 | -4,957 | -6,817 | -6,999 | -6,503 | -6,874 | -13,043 | -2,150 | 1,732 | |
Income taxes67/77 |
- | - | - | - | - | 0 | 4 | 55 | 74 | 73 | 72 | 72 | 153 | - | - | - | - | - | - | - | |
Profit (loss) for the period9904 |
-1,134 | -2,021 | -554 | -607 | -327 | -226 | -249 | 849 | -2,021 | -1,954 | -2,725 | 3,821 | -5,110 | -6,817 | -6,999 | -6,503 | -6,874 | -13,043 | -2,150 | 1,732 | |
Profit (loss) for the period to be appropriated9905 |
-1,134 | -2,021 | -554 | -607 | -327 | -226 | -249 | 849 | -2,021 | -1,954 | -2,725 | 3,821 | -5,110 | -6,817 | -6,999 | -6,503 | -6,874 | -13,043 | -2,150 | 1,732 | |
| Appropriation of the result | |||||||||||||||||||||
Profit (loss) to be appropriated9906 |
-54,643 | -53,509 | -51,488 | -50,934 | -50,327 | -50,000 | -49,774 | -49,525 | -50,374 | -48,353 | -46,399 | -43,674 | -47,495 | -42,386 | -35,569 | -28,570 | -22,067 | -15,193 | -2,150 | 1,732 | |
Profit (loss) brought forward from the previous period14P |
-53,509 | -51,488 | -50,934 | -50,327 | -50,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Transfer to equity691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,732 | |
To other reserves6921 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,732 | |
| Document | |||||||||||||||||||||
The accounts for 14 older financial years (1992-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 1 item. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 15-05-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-05-2026 | 2026-00113333 | |
| 31-12-2024 | micro format | 03-06-2025 | 2025-00118802 | |
| 31-12-2023 | micro format | 05-06-2024 | 2024-00111642 | |
| 31-12-2022 | micro format | 29-05-2023 | 2023-00098633 | |
| 31-12-2021 | micro format | 20-05-2022 | 2022-20032575 | |
| 31-12-2020 | micro format | 11-05-2021 | 2021-14000138 | |
| 31-12-2019 | micro format | 13-05-2020 | 2020-12200055 | |
| 31-12-2018 | micro format | 18-05-2019 | 2019-13700250 | |
| 31-12-2017 | micro format | 05-06-2018 | 2018-16000176 | |
| 31-12-2016 | micro format | 06-06-2017 | 2017-15000551 | |
| 31-12-2015 | abbreviated format | 06-06-2016 | 2016-15600520 | |
| 31-12-2014 | abbreviated format | 08-06-2015 | 2015-15400106 | |
| 31-12-2013 | abbreviated format | 11-07-2014 | 2014-29300514 | |
| 31-12-2012 | abbreviated format | 30-05-2013 | 2013-14000479 | |
| 31-12-2011 | abbreviated format | 22-05-2012 | 2012-12200402 | |
| 31-12-2010 | abbreviated format | 11-05-2011 | 2011-10900484 | |
| 31-12-2009 | abbreviated format | 11-05-2010 | 2010-11700194 | |
| 31-12-2008 | abbreviated format | 16-05-2009 | 2009-15100167 | |
| 31-12-2007 | abbreviated format | 13-05-2008 | 2008-13800198 | |
| 31-12-2006 | abbreviated format | 08-05-2007 | 2007-13900208 | |
| 31-12-2005 | abbreviated format | 23-05-2006 | 2006-16301461 | |
| 31-12-2004 | abbreviated format | 12-05-2005 | 2005-14604481 | |
| 31-12-2003 | abbreviated format | 14-05-2004 | 2004-15000339 | |
| 31-12-2002 | abbreviated format | 15-05-2003 | 2003-14603077 | |
| 31-12-2001 | abbreviated format | 11-06-2002 | 2002-19501894 | |
| 31-12-2000 | abbreviated format | 21-05-2001 | 2001-13604216 | |
| 31-12-1999 | abbreviated format | 26-05-2000 | 2000-15200018 | |
| 31-12-1998 | abbreviated format | 02-06-1999 | 1999-13501448 | |
| 31-12-1997 | abbreviated format | 11-06-1998 | 1998-15903685 | |
| 31-12-1996 | abbreviated format | 18-06-1997 | 1997-16705200 | |
| 31-12-1995 | abbreviated format | 07-10-1996 | 1996-46505413 | |
| 31-12-1994 | abbreviated format | 15-06-1995 | 1995-24303912 | |
| 31-12-1993 | abbreviated format | 08-06-1994 | 1994-12900289 | |
| 31-12-1992 | abbreviated format | 11-06-1993 | 1993-12300702 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | -2,531 | -1,255 | -1,415 | -997 | -1,293 | -7,241 | -5,096 | -5,137 | |
| Cash flow | - | - | - | - | - | - | - | - | - | - | - | - | -2,631 | -1,141 | -1,323 | -827 | -1,198 | -7,367 | 485 | 4,873 | |
| Investment in fixed assets (approximation) | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 15,986 | 0 | - | |
| Change in cash | -1,179 | -2,061 | - | - | -327 | -226 | -301 | 1,705 | -2,006 | -1,965 | -3,282 | 20,564 | -2,662 | -994 | -1,370 | -909 | -1,747 | -28,246 | 915 | - | |
| Working capital | - | - | - | - | - | - | - | 20,773 | 19,924 | 21,945 | 23,899 | 26,624 | 13,963 | 16,593 | 17,734 | 19,057 | 19,884 | 21,082 | 44,435 | 43,950 | |
| Solvency | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 99.8% | 99.6% | 99.7% | 99.7% | 97.8% | 97.5% | 95.6% | 96.7% | 98.5% | 98.2% | 97.6% | 98.8% | 98.5% | |
| Current ratio | - | - | - | - | - | - | - | - | - | - | - | 45.97 | 24.59 | 13.84 | 15.79 | 31.89 | 23.17 | 16.65 | 54.15 | 41.88 | |
| Debt to equity | - | - | - | - | - | - | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.03 | 0.05 | 0.03 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | |
| ROE | -7.2% | -12.0% | -2.9% | -3.1% | -1.6% | -1.1% | -1.2% | 4.1% | -10.1% | -8.9% | -11.4% | 14.4% | -22.4% | -24.4% | -20.2% | -15.6% | -14.3% | -23.7% | -3.2% | 2.5% | |
| ROA | -7.2% | -12.0% | -2.9% | -3.1% | -1.6% | -1.1% | -1.2% | 4.1% | -10.1% | -8.9% | -11.4% | 14.0% | -21.8% | -23.3% | -19.5% | -15.4% | -14.0% | -23.1% | -3.1% | 2.4% |
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.
The operating result for 2025 is a loss of €1,178, smaller than the loss of €2,092 in 2024.
NextBlock has no parent and no holdings in its annual accounts. Simon GELDOF is the only director. NextBlock shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Spinnerijstraat 14 registered office 8930 Menen | ||
| Haantjesstraat 27A 8520 Kuurne | 16-03-1992 | 2.056.645.963 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34023A0509/00L000 | 503 m² | 1 · 141 m² | 14.9 m |
| 34024A0192/00B005 | 378 m² | 1 · 75 m² | 0.1 m |
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