Skip to content

NEXTENSA

Active Public limited companyfounded 1988active for 37 yearsPicardstraat 11, 1000 BrusselsKBO/BCE: BE 0436.323.915 subsidiary of ACKERMANS & VAN HAAREN#2 company by equity in Brussels, Real estate sector
Part of the group ACKERMANS & VAN HAAREN 247 companies in 37 countries
See the group

Lifetime

5 annual accounts with figures on one time axis, 37 filings since 1988
Turnoverpeak €27.4m (2023)
€12.7m▼ 15.6%
Resultpeak €53.9m (2021)
€14.1m▼ 57.3%
Equitypeak €892.9m (2025)
€892.9m▲ 0.5%
Debts
€359.4m▼ 18.4%
Staffpeak 24.5 FTE (2025)
24.5 FTE▲ 1.7%
Board19 names since 2021all names
12 directorsBrain@Trust and 11 others
Owners
  
Documentsfilings and deeds
29-05-202663 days before the deadline
2025financial year
Turnover from €15.1m to €12.7mResult from €33.1m to €14.1mAppointment: Deloitte Bedrijfsrevisoren BV (statutory auditor) 12-06Dividend €10.1mDebts from €440.4m to €359.4mCash from €487,593 to €908,907

Key points

from the 2025 annual accounts

Equity

€892.9m ▲ 0.5%
888.72024+14.1Profit-10.1Dividend+0.2Other892.92025

NEXTENSA paid out €10.1m in dividends. That is 72% of the 2025 profit.

Result

€14.1m ▼ 57.3%
€33m2024€14m2025

The result fell in 2025 from €33.1m to €14.1m.

Payment terms

410 days to suppliers
Suppliers
320 to 410
Customers
188 to 287

NEXTENSA pays its suppliers 90 days later than in 2024. Customers pay 99 days later.

At the same address

49 companies
  • MAHORA establishment since 01-09-2026
  • Bartkovskyy, Fedir (sole trader) establishment since 14-04-2026
  • GolfBoXL seat since 19-01-2026

Board

1 left

A director left. Latest change 18-05-2026 · 11 in office.

Position in the sector

€14.1m

Higher net result than 95% of companies in real estate. Sector median €20,578 · 5,804 companies.

Standalone figures, without subsidiaries

Checked score

90
Excellent
Financially stronger than 52% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 6,996 companies (NACE 68, small).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.2%▲ +0.1 percentage points vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026highest value 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Strong

Solvency
96+4equity 71.3% of total assets
Liquidity
47-2short-term debt 15.2% · cash 0.1%
Profitability
50-18return on assets 1.1%

Score breakdown

raises risk
Liquidity: current ratio 0.75, cash €908,907
lowers risk
Founded in 1988
Size: turnover €12.7m, 24.5 FTE, total assets €1.25bn, files consolidated accounts
Equity €892.9m (71.3% of total assets)
Calculation

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 68, small). It does better than 82% of them on solvency, 45% on liquidity, 49% on profitability and 31% 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).

Credit verdict

Credit of up to €1,250,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.75 (0.51 in 2024), below 1. Short-term debt is 15.2% and cash 0.1% of total assets. 28.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.75, cash €908,907
NBB · annual accounts
lowers risk · Founded in 1988
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: turnover €12.7m, 24.5 FTE, total assets €1.25bn, files consolidated accounts
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €892.9m (71.3% of total assets)
NBB · annual accounts
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 29-05-2026, 63 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
63 days early
2024
71 days early
2023
58 days early
2022
75 days early
2021
46 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 63 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PD
Chair
M
Managing director, Michel Van Geyte
S
Director, Sigrid Hermans
AH
Director
and 6 others

Shares in 16 companies, including Gare Maritime and Montoyer 24

Board & ownership

Recent changes

1 director resigning, 4 reappointments Resignation: Dirk Adriaenssen · Reappointments: An Herremans (non-executive director), Hilde Delabie (non-executive director), Piet Dejonghe (non-executive director) and Midhan BV (executive director) · Permanent representatives: Michel Van Geyte, Tim Rens and Olivier Vuylsteke · Board meeting of 08-06-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0436323915
Appointment: Deloitte Bedrijfsrevisoren BV (statutory auditor) Permanent representative: Michel Van Geyte · General meeting of 19-05-2025 · Gazette deed
Resignations & appointments Resignation: Lupus AM BV (director) · Permanent representative: Jo De Wolf · Board meeting of 12-08-2024 · Gazette deed
All 87 events

Comparable companies

same main activity, similar in size and age
Company Turnover EBIT margin Solvency Staff
NEXTENSA Brussels €12.7m -28.6% 71.3% 24.5
De Werkvennootschap Saint-Josse-ten-Noode €143.3m -0.3% 4.4% 24.5
D'IETEREN IMMO Ixelles €28.6m 37.5% 39.9% 39.4
AMERBORGH INTERNATIONAL Schoten €2.6m -78.6% 86.5% 29.4
TRIPLE LIVING Antwerp €73.0m 2.0% 25.9% 30
BEMCHIMMO GROUP Brussels €11.8m 52.4% 18.1% -
TEYCHENE INVEST BELGIQUE Uccle - - - -
-10%0%10%20%€5m€50m€500mNEXTENSAEBIT margin

Grey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as NEXTENSA: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €202m and €932m, founded between 1976 and 2012.

Official details

Source: KBO
Status
Active since 16-12-1988Normal situation
Registered office
50 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 5 November 2026.
Activity
Buying and selling of own real estateNACE 68110and 1 other
Establishment units
2.338.116.0111930 Zaventem, since 12-01-1989
2.136.218.1321000 Brussels, since 01-06-2003and 3 others
Financial year end
31 December
Peppol
Reachable since 08-01-2026
Company details

Annual accounts 2025

Total assets
€1.25bn▼ 5.8%
Filing
Filed on 29-05-2026, 63 days before the end of the filing period
Financials

Insights on NEXTENSA

NEXTENSA has existed since 1988. Turnover fell from €21.6m in 2021 to €12.7m in 2025.

ACKERMANS & VAN HAAREN holds 63.39% of the shares. In May 2022, the Official Gazette published the appointment of MIDHAN as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about NEXTENSA

What is the company number of NEXTENSA?
The company number of NEXTENSA is 0436.323.915. The VAT number is the same number with BE in front: BE 0436.323.915.
Where is NEXTENSA based?
The registered office is at Picardstraat 11, 1000 Brussels.Company details
What does NEXTENSA do?
According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
What is the legal form of NEXTENSA?
NEXTENSA is a public limited company (NV).
When was NEXTENSA founded?
NEXTENSA was founded on 16-12-1988.
Is NEXTENSA still active?
Yes, NEXTENSA is an active enterprise in the KBO register.
How many employees does NEXTENSA have?
NEXTENSA had an average of 24.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of NEXTENSA?
The turnover of NEXTENSA was €12.7m in financial year 2025, according to the filed annual accounts.
Is NEXTENSA profitable?
In financial year 2025, NEXTENSA made a profit of €14.1m.
Where can I find the annual accounts of NEXTENSA?
NEXTENSA filed 60 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of NEXTENSA due?
NEXTENSA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

See how customers, suppliers and banks see your own company and what to improve first.

Keep this company with today's facts in a case file.