Equity
-€4,074
Debts exceed assets in financial year 2025.
Nextools
Overview
Lifetime
1 annual account with figurespeak -€7,905 (2025)
-€7,905
lowest -€9,074 (2025)
-€9,074
peak -€4,074 (2025)
-€4,074
€12,080
Board2 names since 2025
2 directorsVan Melder, Ewoud and 1 other
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Loss of €9,074Company renamed from Core+ to Pulse Plus 21-05Incorporation 09-041 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsDebts
€12,080 151% of the balance sheet
After one year 1%Within one year 99%
Of this, €12,013 falls due within a year.
Board
1 left
A director left. Latest change 29-07-2026 · 1 in office.
2025 accounts filed 25 days after the deadlineTurnover not published (micro format)
Checked score
47
Fair
Financially stronger than 9% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,271 companies (NACE 47, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
05-2026: 1.8%lowest value
06-2026: 1.9%▲ +0.1 percentage points vs 05-2026
07-2026: 1.9%● unchanged vs 06-2026
08-2026: 2.3%▲ +0.4 percentage points vs 07-2026
09-2026: 2.2%▼ -0.1 percentage points vs 08-2026
10-2026: 3.4%▲ +1.2 percentage points vs 09-2026highest value
11-2026: 3.4%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Founded in 2025
lowers risk
Size: total assets €8,006
Figures for financial year 2025 (filed on 26-08-2026)
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 47, micro). It does better than 6% of them on solvency, 13% on liquidity and 6% on profitability.
The bankruptcy probability was computed on 08-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 1,322 companies had the same profile as Nextools has now. Each dot stands for 4 companies, two years later.
90.3%
were still trading
5.5%
stopped another way
4.2%
went bankrupt
That fits the bankruptcy probability of Nextools itself: 3.4% within 12 months.
Test of the method
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 1,322 companies, not a prediction for Nextools. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.67, below 1. Short-term debt is 150.1% and cash 10.3% of total assets. Equity is negative.
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
Six signals.
lowers riskraises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
25 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- Van Melder, Ewoud founderdeed of 09-04-2025
- Mertens, Lennart founderdeed of 09-04-2025
Recent changes
Company renamed from Pulse Plus to Nextools
“Ontwikkeling van software op maat; AI-oplossingen, AI-agenten en automatisering; Websites, webshops en…” (deed in Dutch) · General meeting of 16-09-2026 · Gazette deed
Registered office moved within Zottegem
New registered office: Voetbalstraat 26, 9620 Zottegem · Previous registered office: Provinciebaan 190, 9620 Zottegem · Resignation: Lennart Mertens (director) · General meeting of 29-07-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1022053465
Company renamed from Core+ to Pulse Plus
General meeting of 13-05-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Nextools Zottegem | €8,006 | -€7,905 | -50.9% | - |
| Demand Supplements Antwerp | €9,481 | -€10,730 | 94.4% | - |
| Wilkins Coffee Etterbeek | €7,044 | -€4,815 | -33.4% | - |
| GLIMJIT Dison | €4,398 | -€10,120 | -70.7% | - |
| RYVE Antwerp | €5,686 | -€9,591 | -29.6% | - |
| IKIZLER MARKET Schaerbeek | €15,366 | -€12,669 | -80.0% | - |
| AL-KARAM COMPANY Bree | €15,278 | -€204 | 8.6% | - |
These companies have the same main activity as Nextools: other retail sale of food (NACE 47279). They are comparable in size and age: total assets between €4,400 and €15,400, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 07-04-2025Normal situation
- Activity
- Other retail sale of foodNACE 47279and 2 others
- Establishment unit
- 2.372.564.6699620 Zottegem, since 07-04-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 27-04-2026
Insights on Nextools
The computed 12-month bankruptcy probability of Nextools is 3.4% (moderate). The 2025 annual accounts show negative equity (-€4,074) and a net result of -€9,074.
Its solvency ranks better than 12% of 22,909 sector peers (NACE 47, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 25-08-2026, 25 days late-€7,905
-€9,065
-€9,074
-€4,007
-50.9%
0.67
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €8,006 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
-50.9%
Higher than 12% of 22,909 companies in 2025.
0.67
Higher than 18% of 22,039 companies in 2025.
-113.3%
Lower than 95% of 22,189 companies in 2025.
Nextools
Middle half of the sector
80% of the sector
Micro accounts in retail trade (NACE 47)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
8,006 | |
29/58 |
8,006 | |
3 |
7,136 | |
30/36 |
7,136 | |
40/41 |
45 | |
41 |
45 | |
54/58 |
825 | |
| Balance sheet: equity and liabilities | ||
10/49 |
8,006 | |
10/15 |
-4,074 | |
10/11 |
5,000 | |
14 |
-9,074 | |
17/49 |
12,080 | |
42/48 |
12,013 | |
44 |
400 | |
440/4 |
400 | |
47/48 |
11,614 | |
492/3 |
67 | |
| Income statement | ||
9900 |
-7,905 | |
640/8 |
1,160 | |
9901 |
-9,065 | |
75/76B |
0 | |
75 |
0 | |
65/66B |
10 | |
65 |
10 | |
9903 |
-9,074 | |
9904 |
-9,074 | |
9905 |
-9,074 | |
| Appropriation of the result | ||
9906 |
-9,074 | |
| Document | ||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 25-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 25 days after the deadline. Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00423781.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-08-2026 | 2026-00423781 |
Subsidies and aid
Flemish government 2025, 1 entry, €2,000 awarded, €2,000 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -4,007 | ||
| -50.9% | ||
| 0.67 | ||
| 0.07 | ||
| -113.3% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Insights on Nextools
Equity is negative. Debt (€12,080) exceeds the balance-sheet total (€8,006).
Board & ownership
Board
1 director, no change since July 2026Director (not named in the articles)
appointed by deed of 09-04-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 25-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Vertegenwoordigingsbevoegdheid Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. De…”deed of 09-04-2025
Mandates through the years
2 names, the dashed line is todayVan Melder, Ewoud
Director (not named in the articles)
Director (not named in the articles)
Mertens, Lennart
Director (not named in the articles)
Director (not named in the articles)
BoardEarlier
Mandates as a list
- Van Melder, Ewoud
- Director (not named in the articles), appointed by deed of 09-04-2025, still in office
- Mertens, Lennart
- Director (not named in the articles), appointed by deed of 09-04-2025, until 29-07-2026
Control
Capital
- Contribution
- €5,000
- Shares
- 1,000
- Contribution per share
- €5
- Equity per share
- -€4.07 in 2025
- Source
- deed of 09-04-2025
Articles of association
deed of 09-04-2025 (in Dutch)- 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.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Saturday of June at 10:00
Founders
At incorporation
deed of 09-04-2025 ↗
- Van Melder, Ewoud founder
- Mertens, Lennart founder
Network & group
No group
Nextools has no parent and no holdings in its annual accounts. Van Melder, Ewoud is the only director. Nextools shares no director with another company.
Timeline
Timeline
7 events since 2025Board
Filings
Establishments
Address
Other
20252026
2026
Company renamed from Pulse Plus to Nextools“Ontwikkeling van software op maat; AI-oplossingen, AI-agenten en automatisering; Websites, webshops en…” (deed in Dutch) · General meeting of 16-09-20263 points ▸
- General meeting, 16-09-2026
- Name change, Nextools
- Related document, 01-09-2026
- The deed holds 2 more points.
Registered office moved within ZottegemNew registered office: Voetbalstraat 26, 9620 Zottegem · Previous registered office: Provinciebaan 190, 9620 Zottegem · Resignation: Lennart Mertens (director) · General meeting of 29-07-20264 points ▸
- General meeting, 29-07-2026
- Director resignation, Lennart Mertens (director (not named in the articles))
- Registered-office move, Voetbalstraat 26, 9620 Zottegem
- Power of attorney, Mondriaan Corporate & Finance
Annual accounts 2025 filed NBBmicro format · 25 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:1022053465
2025
Company renamed from Core+ to Pulse PlusGeneral meeting of 13-05-20254 points ▸
- General meeting, 13-05-2025
- Name change, Pulse Plus
- Amendment of the articles, article 1
- Power of attorney, Katrijn Vindevoghel
IncorporationFounding capital of €5,000, 1,000 shares · Founders: Van Melder, Ewoud; Mertens, Lennart · Appointments: Van Melder, Ewoud (director) and Mertens, Lennart (director) · published on 09-04-20256 points ▸
- Founder, Van Melder, Ewoud
- Founder, Mertens, Lennart
- Founding capital, €5,000, 1,000 shares
- Board rule, 2
- Director appointment, Van Melder, Ewoud (director (not named in the articles))
- Director appointment, Mertens, Lennart (director (not named in the articles))
- The deed holds 2 more points.
First establishment Pulse Plus, Voetbalstraat 26, Zottegem
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 7 April 2025, Nextools was incorporated as a private limited company by two natural persons, with a starting capital of €5,000.12 The name was changed to Pulse Plus in 2025 and to Nextools in 2026.34 In 2026 the registered office moved to Zottegem.5 Van Melder, Ewoud is director of the company, appointed by deed of 09-04-2025.2
Company details
Identity
- Enterprise number
- 1022.053.465
- VAT number
- BE 1022.053.465
- Peppol ID
- 0208:1022053465
- Other Peppol ID
- 9925:BE1022053465
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 07-04-2025
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Saturday of June at 10:00deed of 09-04-2025 (in Dutch)
- Peppol
- Reachable since 27-04-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Nextools in Dutch
- Former names
- Pulse Plus until the deed of 21-09-2026
- Core+ until the deed of 21-05-2025
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 09-04-2025 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Provinciebaan 190, 9620 Zottegem”deed of 09-04-2025 (in Dutch)
Activities
NACEBEL 202547279
Other retail sale of food main activity
93199
Other sports activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Ontwikkeling van software op maat; AI-oplossingen, AI-agenten en automatisering; Websites, webshops en SaaS-platformen; Digitale tools en…”deed of 21-09-2026 (in Dutch)
29 activities
- Ontwikkeling van software op maat
- AI-oplossingen, AI-agenten en automatisering
- Websites, webshops en SaaS-platformen
- Digitale tools en software voor de bouwsector
- CAD- en engineeringdiensten
- IT-, digitaliserings- en bedrijfsconsultancy
- Grafisch ontwerp, contentcreatie en digitale marketing
- Onderzoek en ontwikkeling
- Productontwikkeling (software, hardware en IoT-oplossingen)
- Opleidingen en coaching
- Verkoop en licentiëring van software en digitale producten
- E-commerce
- Projectmanagement
- Het verwerven, beheren en commercialiseren van intellectuele eigendomsrechten
- Het nemen van deelnemingen in andere ondernemingen
- Investeringen in roerende en onroerende goederen
- Aankoop, renovatie, beheer, verhuur en verkoop van eigen vastgoed
- Het uitvoeren van administratief-organisatorische opdrachten, bijstand bij de leiding van vennootschappen, het verstrekken van advies en verlenen van bijstand aan het beheer op het gebied van onder andere administratieve organisatie, het opzetten van interne audit, het verbeteren van bestaande en nieuwe beheerstechnieken en managementsystemen, het verstrekken van informatie, het selecteren, opleiden van personeel
- Advies en analyse van de financiële behoeften van de onderneming en de begeleiding en onderhandeling met financiële instellingen, toezien op de optimale aanwending van kredieten, budgettering en budgetcontrole
- Het uitvoeren van alle studies en onderzoek; het verrichten van marktonderzoek; promotie, raadgeving; prospectie; marketing; assistentie op gebied van management, engineering en consulting; technisch, commercieel, administratief, financieel, fiscaal en juridisch beheer en advies
- De publiciteit, reclame, marketing en algemene communicatie onder alle vormen en het uitvoeren van alle werken die voor de verwezenlijking van publiciteit, reclame, marketing en algemene communicatie noodzakelijk zijn, zonder enige beperking
- Het ontwikkelen, kopen, verkopen, beheer, in waarde stellen, in licentie nemen of geven van brevetten, octrooien, know-how en andere intellectuele rechten. De vennootschap mag eveneens alle fabrieksmerken, octrooien en andere eruit voortvloeiende of aanvullende rechten verwerven en tegeldemaken en deelnemen aan de opbouw, de ontwikkeling en het beheer van alle vennootschappen
- Het verlenen van advies met betrekking tot het beheer van vennootschappen en ondernemingen, het verlenen van managementbijstand aan en het uitvoeren van managementtaken in vennootschappen en ondernemingen, het exporteren van alle intellectuele rechten en rechten van industriële of commerciële eigendom
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals de aan- en verkoop, de bouw, de renovatie, de verbouwing, de binnenhuisinrichting en decoratie, de huur- en verhuur, de ruil, de verkaveling en, in het algemeen, alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, van onroerende goederen of onroerende zakelijke rechten. In het algemeen zal de vennootschap alle onroerende verrichtingen mogen stellen, die nodig of nuttig kunnen zijn voor de verwezenlijking van haar voorwerp
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals de aan en verkoop, de huur- en verhuur, de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen; in het algemeen zal de vennootschap alle roerende en financiële verrichtingen mogen stellen, die nodig of nuttig kunnen zijn voor de verwezenlijking van haar voorwerp
- De vennootschap kan optreden als tussenpersoon inzake handel, in de ruimste zin van het woord, waaronder verstaan makelaarsactiviteiten, commissiehandel en agentuur zowel in binnen als buitenlandse handel
- Het optreden en handelen als dienstverlener en/of als tussenpersoon bij alle vormen van adviesverlening, managementdiensten en hulp aan het bedrijfsleven, de non-profit sector en de overheid op het gebied van planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan bedrijfsleiding en dit in de meest ruime zin; alsook het opnemen van bestuurders-, vereffenaars- of andere mandaten in Belgische en/of buitenlandse vennootschappen
- De aankoop en verkoop, zowel in groot- als in kleinhandel, trading, de import, de export, de agentuur, de vertegenwoordiging, de commissiehandel, de ruiling en de verhuring, inclusief de diverse vormen van leasing, van allerlei producten (zowel grondstoffen, halffabricaten, afgewerkte producten en handelsgoederen) van alle aard en dit in de meest ruime zin voor zover door de wet toegelaten
- Het toestaan van leningen en kredietopeningen aan vennootschappen en particulieren, onder om het even welke vorm voor zover door de wet toegelaten. In dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken, houders van deposito’s op korte termijn, spaarbanken, hypotheekmaatschappijen en kapitalisatieondernemingen
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Pulse Plus registered office Voetbalstraat 26, 9620 Zottegem | 07-04-2025 | 2.372.564.669 |
Buildings and parcels at the address
- Ground area
- 399 m²
- Buildings
- 90 m²
- Volume, LiDAR
- 575 m³
- Tallest building
- 9.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 41068A0842/00L005 | 399 m² | 1 · 90 m² | 9.7 m · 2 |