NEZY
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 27 filings
Turnover
≈ €210,000
Estimated: probably between €170,000 and €260,000
EBIT margin
Not included in this filing
Net result
€2,414
2024 · -€10,494
Working capital
€16,072
2024 · -€48,931
In the rankings
#2 company by total assets in Wezembeek-Oppem, Other services sector#5 oldest company in Wezembeek-Oppem, Other services sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€12,332
2025
20182025
Net result
€2,414
2025
middle half of the sector
20182025
Equity
€150,483
▲ 1.6%
2025
middle half of the sector
20182025
Total assets
€475,822
▼ 1.0%
2025
middle half of the sector
20182025
Debt
€325,339
▼ 2.2%
2025
20182025
Working capital
€16,072
2025
middle half of the sector
20182025
Solvency
31.6%
▲ 0.8pp
2025
middle half of the sector
20182025
Current ratio
1.56
▲ 1.06
2025
middle half of the sector
20182025
Return on assets (ROA)
0.5%
▲ 2.7pp
2025
middle half of the sector
20182025
Staff (FTE)
2.3
▼ 14.8%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€2,823--€18,243-€15,606▲ 14.5%€24,384-€16,594-€31,027▼ 87.0%-€55▲ 99.8%€12,332
Net result€1,215--€18,471-€16,120below the sector's middle half▲ 12.7%€23,616above the sector's middle half-€17,712below the sector's middle half-€42,817below the sector's middle half▼ 142%-€10,494below the sector's middle half▲ 75.5%€2,414within the sector's middle half
Equity€230,068-€211,596▼ 8.0%€195,477above the sector's middle half▼ 7.6%€219,093above the sector's middle half▲ 12.1%€201,381above the sector's middle half▼ 8.1%€158,564above the sector's middle half▼ 21.3%€148,069above the sector's middle half▼ 6.6%€150,483within the sector's middle half▲ 1.6%
Total assets€282,224-€289,915▲ 2.7%€261,724above the sector's middle half▼ 9.7%€298,871above the sector's middle half▲ 14.2%€521,049above the sector's middle half▲ 74.3%€490,372above the sector's middle half▼ 5.9%€480,749above the sector's middle half▼ 2.0%€475,822within the sector's middle half▼ 1.0%
Debt€52,156-€78,319▲ 50.2%€66,248▼ 15.4%€79,779▲ 20.4%€319,668▲ 301%€331,808▲ 3.8%€332,680▲ 0.3%€325,339▼ 2.2%
Working capital€146,166-€127,694▼ 12.6%€126,649above the sector's middle half▼ 0.8%€173,628above the sector's middle half▲ 37.1%€23,077within the sector's middle half▼ 86.7%-€31,526below the sector's middle half-€48,931below the sector's middle half▼ 55.2%€16,072within the sector's middle half
Solvency81.5%-73.0%▼ 8.5pp74.7%above the sector's middle half▲ 1.7pp73.3%above the sector's middle half▼ 1.4pp38.6%within the sector's middle half▼ 34.7pp32.3%within the sector's middle half▼ 6.3pp30.8%within the sector's middle half▼ 1.5pp31.6%within the sector's middle half▲ 0.8pp
Current ratio3.80-2.63▼ 1.172.91above the sector's middle half▲ 0.283.18above the sector's middle half▲ 0.261.37within the sector's middle half▼ 1.800.62within the sector's middle half▼ 0.760.50within the sector's middle half▼ 0.121.56within the sector's middle half▲ 1.06
Return on assets (ROA)0.4%--6.4%▼ 6.8pp-6.2%within the sector's middle half▲ 0.2pp7.9%within the sector's middle half▲ 14.1pp-3.4%within the sector's middle half▼ 11.3pp-8.7%below the sector's middle half▼ 5.3pp-2.2%within the sector's middle half▲ 6.5pp0.5%within the sector's middle half▲ 2.7pp
Staff (FTE)6.5-7.9▲ 21.5%5.7above the sector's middle half▼ 27.8%5.7=5.7=0.6▼ 89.5%2.7▲ 350%2.3within the sector's middle half▼ 14.8%
above
within
below
The sector band is the middle half of the companies in Personal service activities (NACE 96). 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 profit of €12,332, after a loss of €55 in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €475,822
Fixed assets
€430,864 ▼ 0.3%
Current assets
€44,959 ▼ 7.3%
Equity and liabilities €475,822
Equity
€150,483 ▲ 1.6%
Debt
€325,339 ▼ 2.2%
Debt's share of the balance-sheet total falls from 69.2% to 68.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32,372▲
2024 · €22,042
Cash flow
€22,454▲
2024 · €11,603
Debt to equity
2.16▼
2024 · 2.25
ROE
1.6%▲
2024 · -7.1%
Interest coverage
3.19▲
2024 · 2.04
Debt ≤ 1 year
€28,887▼
2024 · €97,409
Debt > 1 year
€296,452▲
2024 · €235,271
Income taxes
€103▲
2024 · €65
Staff costs
€57,100▼
2024 · €59,432
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 8 | 2 | 2 | 2 |
| full-time | 3 | 3 | 1 | 2 | 2 |
| part-time | 5 | 5 | 1 | - | - |
| in full-time equivalents | 6.2 | 6.2 | 1.1 | 2 | 2 |
| Average over the year, in full-time equivalents | 5.7 | 5.7 | 0.6 | 2.7 | 2.3 |
| On a permanent contract | 8 | 8 | 2 | 2 | 2 |
| Joined | 4 | 4 | 1 | 0 | 2 |
| Left | 3 | 3 | 0 | 1 | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,709 | €399,542 | €11,000 | €2,961 | €7,311 |
| Depreciation and write-downs of the year | €32,703 | €9,152 | €7,443 | €22,097 | €20,040 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7,631 | €17,557 | €6,286 | €11,741 | €12,384 | ▲ 5.5% |
| Remuneration, social security and pensions62 | - | - | - | €133,453 | €157,784 | €28,898 | €59,432 | €57,100 | ▼ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,074 | €15,074 | €15,074 | €32,703 | €9,152 | €7,443 | €22,097 | €20,040 | ▼ 9.3% |
| Other operating charges640/8 | - | - | - | €2,107 | €1,957 | €2,320 | €374 | €2,649 | ▲ 608% |
| Non-recurring operating charges66A | - | - | - | €3,996 | €2,812 | €839 | €297 | - | - |
| Gross operating margin9900 | €194,097 | €187,985 | €107,988 | €196,642 | €155,112 | €8,474 | €82,145 | €92,121 | ▲ 12.1% |
| Operating profit (loss)9901 | €2,823 | -€18,243 | -€15,606 | €24,384 | -€16,594 | -€31,027 | -€55 | €12,332 | - |
| Financial income75/76B | - | - | - | - | - | €190 | €443 | €342 | ▼ 22.8% |
| Recurring financial income75 | - | - | - | - | - | €190 | €443 | €342 | ▼ 22.8% |
| Financial charges65/66B | - | - | - | €665 | €1,118 | €11,924 | €10,818 | €10,157 | ▼ 6.1% |
| Recurring financial charges65 | €1,365 | €228 | €336 | €665 | €1,118 | €11,924 | €10,818 | €10,157 | ▼ 6.1% |
| Profit (loss) for the period before taxes9903 | €1,457 | -€18,471 | -€15,941 | €23,718 | -€17,712 | -€42,760 | -€10,430 | €2,517 | - |
| Income taxes67/77 | €242 | - | €178 | €102 | - | €57 | €65 | €103 | ▲ 58.9% |
| Profit (loss) for the period9904 | €1,215 | -€18,471 | -€16,120 | €23,616 | -€17,712 | -€42,817 | -€10,494 | €2,414 | - |
| Profit (loss) for the period to be appropriated9905 | €1,215 | -€18,471 | -€16,120 | €23,616 | -€17,712 | -€42,817 | -€10,494 | €2,414 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €282,224 | €289,915 | €261,724 | €298,871 | €521,049 | €490,372 | €480,749 | €475,822 | ▼ 1.0% |
| Fixed assets21/28 | €83,902 | €83,902 | €68,828 | €45,465 | €436,109 | €439,665 | €432,271 | €430,864 | ▼ 0.3% |
| Tangible fixed assets22/27 | €83,369 | €83,369 | €68,295 | €44,932 | €435,576 | €439,132 | €431,738 | €430,331 | ▼ 0.3% |
| Land and buildings22 | - | - | - | - | €375,324 | €382,494 | €382,494 | €383,754 | ▲ 0.3% |
| Plant, machinery and equipment23 | - | - | - | €667 | €11,397 | €13,521 | €13,449 | €13,144 | ▼ 2.3% |
| Furniture and vehicles24 | - | - | - | €9,339 | €21,372 | €23,078 | €23,199 | €28,281 | ▲ 21.9% |
| Other tangible fixed assets26 | - | - | - | €34,926 | €27,482 | €20,039 | €12,596 | €5,153 | ▼ 59.1% |
| Financial fixed assets28 | €533 | €533 | €533 | €533 | €533 | €533 | €533 | €533 | = |
| Current assets29/58 | €198,322 | €206,013 | €192,897 | €253,406 | €84,940 | €50,707 | €48,478 | €44,959 | ▼ 7.3% |
| Amounts receivable within one year40/41 | €169,322 | €172,806 | €166,206 | €152,560 | €42,469 | - | €2,166 | €340 | ▼ 84.3% |
| Trade receivables40 | - | - | - | €29,252 | - | - | €2,166 | €340 | ▼ 84.3% |
| Other amounts receivable41 | - | - | - | €123,308 | €42,469 | - | - | - | - |
| Cash at bank and in hand54/58 | €24,519 | €28,726 | €22,017 | €95,242 | €42,471 | €50,707 | €46,312 | €44,618 | ▼ 3.7% |
| Deferred charges and accrued income490/1 | - | - | - | €5,604 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €282,224 | €289,915 | €261,724 | €298,871 | €521,049 | €490,372 | €480,749 | €475,822 | ▼ 1.0% |
| Equity10/15 | €230,068 | €211,596 | €195,477 | €219,093 | €201,381 | €158,564 | €148,069 | €150,483 | ▲ 1.6% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Capital10 | - | - | - | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Issued capital100 | - | - | - | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €222,011 | €203,540 | €187,420 | €211,036 | €193,324 | €150,507 | €140,013 | €142,427 | ▲ 1.7% |
| Amounts payable17/49 | €52,156 | €78,319 | €66,248 | €79,779 | €319,668 | €331,808 | €332,680 | €325,339 | ▼ 2.2% |
| Amounts payable after more than one year17 | - | - | - | - | €257,805 | €249,575 | €235,271 | €296,452 | ▲ 26.0% |
| Financial debts170/4 | - | - | - | - | €257,805 | €249,575 | €235,271 | €220,036 | ▼ 6.5% |
| Other amounts payable178/9 | - | - | - | - | - | - | - | €76,417 | - |
| Amounts payable within one year42/48 | €52,156 | €78,319 | €66,248 | €79,779 | €61,863 | €82,233 | €97,409 | €28,887 | ▼ 70.3% |
| Financial debts43 | - | - | - | - | €12,195 | €15,810 | €14,304 | €15,240 | ▲ 6.5% |
| Credit institutions430/8 | - | - | - | - | €12,195 | €15,810 | €14,304 | €15,240 | ▲ 6.5% |
| Trade debts44 | €36,119 | €65,549 | €40,064 | €41,598 | €41,697 | €501 | €515 | €2,911 | ▲ 466% |
| Suppliers440/4 | - | - | - | €41,598 | €41,697 | €501 | €515 | €2,911 | ▲ 466% |
| Taxes, remuneration and social security45 | - | - | - | €38,180 | €7,971 | €8,805 | €16,195 | €10,736 | ▼ 33.7% |
| Taxes450/3 | - | - | - | €5,457 | €7,971 | €4,391 | €9,465 | €2,337 | ▼ 75.3% |
| Remuneration and social security454/9 | - | - | - | €32,724 | - | €4,414 | €6,729 | €8,400 | ▲ 24.8% |
| Other amounts payable47/48 | - | - | - | - | - | €57,117 | €66,395 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,215 | -€18,471 | -€16,120 | €23,616 | -€17,712 | -€42,817 | -€10,494 | €2,414 | - |
| + Depreciation and write-downs630 | €15,074 | €15,074 | €15,074 | €32,703 | €9,152 | €7,443 | €22,097 | €20,040 | ▼ 9.3% |
| Operating cash flow (approximation) | €16,289 | -€3,397 | -€1,046 | €56,319 | -€8,560 | -€35,374 | €11,603 | €22,454 | ▲ 93.5% |
| Investment in fixed assets (approximation) | - | -€15,074 | €0 | -€9,340 | -€399,796 | -€11,000 | -€14,703 | -€18,633 | ▼ 26.7% |
| Change in cash | - | €4,207 | -€6,708 | €73,225 | -€52,771 | €8,235 | -€4,395 | -€1,694 | ▲ 61.5% |
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, 17,041 companies had the same profile as NEZY has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NEZY itself: 0.1% 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 17,041 companies, not a prediction for NEZY. 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.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-07-2026 | 2026-00232431 | |
| 31-12-2024 | micro format | 05-06-2025 | 2025-00120463 | |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00287344 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00179388 | |
| 31-12-2021 | micro format | 16-08-2022 | 2022-20289489 | |
| 31-12-2020 | micro format | 09-06-2021 | 2021-18900041 | |
| 31-12-2019 | abbreviated format | 15-06-2020 | 2020-16600119 | |
| 31-12-2018 | full format | 07-06-2019 | 2019-16500001 | |
| 31-12-2017 | full format | 23-07-2018 | 2018-35700174 | |
| 31-12-2016 | full format | 22-06-2017 | 2017-19500023 |