nexTec
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 13-03-2026 PDF all 3 filings
Equity
€897,393▲ 25×
2024 · €36,208
Total assets
€982,410▲ 312%
2024 · €238,430
Net result
€861,185▲ 32×
2024 · €26,904
Working capital
€935,559▲ 907%
2024 · €92,947
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
-€41,721
2025
20232025
Net result
€861,185
▲ 32×
2025
highest quarter of the sector
20232025
Equity
€897,393
▲ 25×
2025
highest quarter of the sector
20232025
Total assets
€982,410
▲ 312%
2025
highest quarter of the sector
20232025
Debt
€85,017
▼ 58.0%
2025
20232025
Working capital
€935,559
▲ 907%
2025
highest quarter of the sector
20232025
Solvency
91.3%
▲ 76.2pp
2025
highest quarter of the sector
20232025
Current ratio
23.71
▲ 20.76
2025
highest quarter of the sector
20232025
Return on assets (ROA)
87.7%
▲ 76.4pp
2025
highest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€14,236-€37,680▲ 165%-€41,721
Net result€6,304within the sector's middle half-€26,904within the sector's middle half▲ 327%€861,185above the sector's middle half▲ 32×
Equity€9,304below the sector's middle half-€36,208within the sector's middle half▲ 289%€897,393above the sector's middle half▲ 25×
Total assets€212,811within the sector's middle half-€238,430within the sector's middle half▲ 12.0%€982,410above the sector's middle half▲ 312%
Debt€203,507-€202,222▼ 0.6%€85,017▼ 58.0%
Working capital€81,927within the sector's middle half-€92,947within the sector's middle half▲ 13.5%€935,559above the sector's middle half▲ 907%
Solvency4.4%below the sector's middle half-15.2%below the sector's middle half▲ 10.8pp91.3%above the sector's middle half▲ 76.2pp
Current ratio3.10within the sector's middle half-2.95within the sector's middle half▼ 0.1623.71above the sector's middle half▲ 20.76
Return on assets (ROA)3.0%within the sector's middle half-11.3%within the sector's middle half▲ 8.3pp87.7%above the sector's middle half▲ 76.4pp
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €41,721, after a profit of €37,680 in 2024. It is the lowest result since 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €982,410
Fixed assets
€5,649 ▼ 94.2%
Current assets
€976,761 ▲ 595%
Equity and liabilities €982,410
Equity
€897,393 ▲ 25×
Debt
€85,017 ▼ 58.0%
Debt's share of the balance-sheet total falls from 84.8% to 8.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€40,204▼
2024 · €38,583
Cash flow
€862,702▲
2024 · €27,807
Debt to equity
0.09▼
2024 · 5.59
ROE
96.0%▲
2024 · 74.3%
Interest coverage
-5.38▼
2024 · 5.29
Debt ≤ 1 year
€41,202▼
2024 · €47,687
Debt > 1 year
€43,815▼
2024 · €154,535
Income taxes
€996▼
2024 · €12,002
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €1,886 | €3,000 | €3,120 |
| Financial fixed assets | €90,400 | €3,750 | - |
| Depreciation and write-downs of the year | €337 | €903 | €1,517 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €337 | €903 | €1,517 | ▲ 67.9% |
| Other operating charges640/8 | €494 | €361 | €339 | ▼ 6.0% |
| Gross operating margin9900 | €15,067 | €38,944 | -€39,865 | - |
| Operating profit (loss)9901 | €14,236 | €37,680 | -€41,721 | - |
| Financial income75/76B | €3,323 | €8,517 | €911,369 | ▲ 107× |
| Recurring financial income75 | €3,323 | €8,517 | €911,369 | ▲ 107× |
| Financial charges65/66B | €7,024 | €7,292 | €7,467 | ▲ 2.4% |
| Recurring financial charges65 | €7,024 | €7,292 | €7,467 | ▲ 2.4% |
| Profit (loss) for the period before taxes9903 | €10,534 | €38,906 | €862,181 | ▲ 22× |
| Income taxes67/77 | €4,230 | €12,002 | €996 | ▼ 91.7% |
| Profit (loss) for the period9904 | €6,304 | €26,904 | €861,185 | ▲ 32× |
| Profit (loss) for the period to be appropriated9905 | €6,304 | €26,904 | €861,185 | ▲ 32× |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €212,811 | €238,430 | €982,410 | ▲ 312% |
| Fixed assets21/28 | €91,949 | €97,796 | €5,649 | ▼ 94.2% |
| Tangible fixed assets22/27 | €1,549 | €3,646 | €5,249 | ▲ 44.0% |
| Plant, machinery and equipment23 | €1,549 | €1,172 | €795 | ▼ 32.2% |
| Furniture and vehicles24 | - | €2,474 | €4,454 | ▲ 80.1% |
| Financial fixed assets28 | €90,400 | €94,150 | €400 | ▼ 99.6% |
| Current assets29/58 | €120,862 | €140,634 | €976,761 | ▲ 595% |
| Amounts receivable after more than one year29 | €100,000 | €100,000 | €0 | ▼ 100% |
| Other amounts receivable291 | €100,000 | €100,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €10,870 | €9,662 | €870 | ▼ 91.0% |
| Trade receivables40 | €10,870 | €9,642 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €20 | €870 | ▲ 43× |
| Current investments50/53 | - | - | €902,976 | - |
| Cash at bank and in hand54/58 | €8,855 | €29,882 | €71,348 | ▲ 139% |
| Deferred charges and accrued income490/1 | €1,137 | €1,090 | €1,567 | ▲ 43.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €212,811 | €238,430 | €982,410 | ▲ 312% |
| Equity10/15 | €9,304 | €36,208 | €897,393 | ▲ 25× |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €6,304 | €33,208 | €894,393 | ▲ 27× |
| Amounts payable17/49 | €203,507 | €202,222 | €85,017 | ▼ 58.0% |
| Amounts payable after more than one year17 | €164,499 | €154,535 | €43,815 | ▼ 71.6% |
| Financial debts170/4 | €164,499 | €154,135 | €43,415 | ▼ 71.8% |
| Other amounts payable178/9 | - | €400 | €400 | = |
| Amounts payable within one year42/48 | €38,935 | €47,687 | €41,202 | ▼ 13.6% |
| Current portion of amounts payable after more than one year42 | €10,020 | €10,364 | €10,720 | ▲ 3.4% |
| Financial debts43 | €15 | €118 | €27 | ▼ 77.5% |
| Credit institutions430/8 | €15 | €118 | €27 | ▼ 77.5% |
| Trade debts44 | €3,098 | €1,749 | €3,488 | ▲ 99.5% |
| Suppliers440/4 | €3,098 | €1,749 | €3,488 | ▲ 99.5% |
| Taxes, remuneration and social security45 | €7,813 | €17,371 | €12,010 | ▼ 30.9% |
| Taxes450/3 | €7,813 | €17,371 | €12,010 | ▼ 30.9% |
| Other amounts payable47/48 | €17,990 | €18,085 | €14,957 | ▼ 17.3% |
| Accrued charges and deferred income492/3 | €72 | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,304 | €26,904 | €861,185 | ▲ 32× |
| + Depreciation and write-downs630 | €337 | €903 | €1,517 | ▲ 67.9% |
| Operating cash flow (approximation) | €6,642 | €27,807 | €862,702 | ▲ 31× |
| Investment in fixed assets (approximation) | - | -€6,750 | €90,630 | - |
| Change in cash | - | €21,027 | €41,466 | ▲ 97.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,127 companies had the same profile as nexTec has now. Two years later, 97.2% were still going and 0.8% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
97.2%
was still going
1.9%
stopped otherwise
0.8%
went bankrupt
That fits the bankruptcy probability of nexTec itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 3,127 companies, not a prediction for nexTec. 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.