NRJ SAVING
ActiveSummary
NRJ SAVING has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €474,144 and a net result of €258,023. Equity is growing by ~36.4% per year across the filed fiscal years. Its solvency ranks better than 32% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+66
Solvency45▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.25 in 2024; short-term debt: 56.8% and cash: 0% of total assets), but 80.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.6%
Return on assets
10.7%
Age of the figures
15 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
8 d early
2024
24 d early
2023
7 d early
2022
8 d early
2021
17 d early
2020
12 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€258,023
2024 · -€27,317
Working capital
€955,368▲ 267%
2024 · €260,170
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€233,116€26,552▼ 88.6%€96,377▲ 263%-€68,654€295,641
Net result€174,918above the sector's middle half€14,573within the sector's middle half▼ 91.7%€64,903within the sector's middle half▲ 345%-€27,317within the sector's middle half€258,023above the sector's middle half
Equity€163,962within the sector's middle half€178,535within the sector's middle half▲ 8.9%€243,438within the sector's middle half▲ 36.4%€216,121within the sector's middle half▼ 11.2%€474,144within the sector's middle half▲ 119%
Total assets€1.9mabove the sector's middle half▲ 14.5%€506,770within the sector's middle half▼ 72.7%€624,512below the sector's middle half▲ 23.2%€1.4mwithin the sector's middle half▲ 127%€2.4mwithin the sector's middle half▲ 70.2%
Debt€1.7m▲ 3.7%€328,235▼ 80.6%€381,075▲ 16.1%€1.2m▲ 216%€1.9m▲ 61.4%
Working capital€143,463▼ 85.4%€161,649▲ 12.7%€280,423▲ 73.5%€260,170▼ 7.2%€955,368▲ 267%
Solvency8.8%within the sector's middle half▲ 9.5pp35.2%within the sector's middle half▲ 26.4pp39.0%within the sector's middle half▲ 3.8pp15.2%within the sector's middle half▼ 23.8pp19.6%within the sector's middle half▲ 4.4pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €295,641 after a loss of €68,654 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€89,824 ▼ 19.9%
Current assets
€2.3m ▲ 78.0%
Equity and liabilities €2.4m
Equity
€474,144 ▲ 119%
Debt
€1.9m ▲ 61.4%
Debt's share of the balance-sheet total falls from 84.8% to 80.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€320,957▲
2024 · -€45,494
Cash flow
€283,339▲
2024 · -€4,156
Current ratio
1.70▲
2024 · 1.25
Quick ratio
0.90▼
2024 · 1.09
Debt to equity
4.10▼
2024 · 5.57
ROE
54.4%▲
2024 · -12.6%
ROA
10.7%▲
2024 · -1.9%
Interest coverage
30.74▲
2024 · -5.80
Debt ≤ 1 year
€1.4m▲
2024 · €1.0m
Debt > 1 year
€570,848▲
2024 · €97,760
Income taxes
€81,171▲
2024 · €361
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,677 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,677 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,983 | €3,248 | €2,981 | €23,161 | €25,315 | ▲ 9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,500 | - | - |
| Other operating charges640/8 | - | €13,478 | €3,573 | €1,820 | €1,205 | ▼ 33.8% |
| Gross operating margin9900 | €237,821 | €43,278 | €102,931 | -€42,174 | €322,161 | ▲ 864% |
| Operating profit (loss)9901 | €233,116 | €26,552 | €96,377 | -€68,654 | €295,641 | ▲ 531% |
| Financial income75/76B | - | €2,541 | €2,164 | €49,547 | €53,996 | ▲ 9.0% |
| Recurring financial income75 | €9,451 | €2,541 | €2,164 | €49,547 | €53,996 | ▲ 9.0% |
| Financial charges65/66B | - | €8,106 | €7,375 | €7,849 | €10,443 | ▲ 33.0% |
| Recurring financial charges65 | €14,054 | €8,106 | €7,375 | €7,849 | €10,443 | ▲ 33.0% |
| Profit (loss) for the period before taxes9903 | €228,513 | €20,987 | €91,166 | -€26,956 | €339,195 | ▲ 1,358% |
| Income taxes67/77 | €53,596 | €6,415 | €26,263 | €361 | €81,171 | ▲ 22,396% |
| Profit (loss) for the period9904 | €174,918 | €14,573 | €64,903 | -€27,317 | €258,023 | ▲ 1,045% |
| Profit (loss) for the period to be appropriated9905 | €174,918 | €14,573 | €64,903 | -€27,317 | €258,023 | ▲ 1,045% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €506,770 | €624,512 | €1.4m | €2.4m | ▲ 70.2% |
| Formation expenses20 | €416 | €208 | - | - | - | - |
| Fixed assets21/28 | €20,257 | €17,218 | €21,495 | €112,195 | €89,824 | ▼ 19.9% |
| Tangible fixed assets22/27 | €8,157 | €5,118 | €2,345 | €92,545 | €72,174 | ▼ 22.0% |
| Plant, machinery and equipment23 | - | €1,733 | - | - | - | - |
| Furniture and vehicles24 | - | €3,385 | €2,345 | €92,545 | €72,174 | ▼ 22.0% |
| Financial fixed assets28 | €12,100 | €12,100 | €19,150 | €19,650 | €17,650 | ▼ 10.2% |
| Current assets29/58 | €1.8m | €489,344 | €603,017 | €1.3m | €2.3m | ▲ 78.0% |
| Stocks and contracts in progress3 | €912,238 | €93,447 | €97,376 | €169,479 | €1.1m | ▲ 542% |
| Stocks30/36 | - | €93,447 | €97,376 | €169,479 | €1.1m | ▲ 542% |
| Amounts receivable within one year40/41 | €777,939 | €200,429 | €481,871 | €1.1m | €1.2m | ▲ 9.3% |
| Trade receivables40 | - | €57,762 | €75,305 | €95,143 | €93,849 | ▼ 1.4% |
| Other amounts receivable41 | - | €142,668 | €406,566 | €1.0m | €1.1m | ▲ 10.3% |
| Cash at bank and in hand54/58 | €145,081 | €193,448 | €22,433 | €4,792 | €610 | ▼ 87.3% |
| Deferred charges and accrued income490/1 | - | €2,020 | €1,338 | €4,620 | €4,445 | ▼ 3.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €506,770 | €624,512 | €1.4m | €2.4m | ▲ 70.2% |
| Equity10/15 | €163,962 | €178,535 | €243,438 | €216,121 | €474,144 | ▲ 119% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €143,962 | €158,535 | €223,438 | €196,121 | €454,144 | ▲ 132% |
| Amounts payable17/49 | €1.7m | €328,235 | €381,075 | €1.2m | €1.9m | ▲ 61.4% |
| Amounts payable after more than one year17 | - | - | - | €97,760 | €570,848 | ▲ 484% |
| Financial debts170/4 | - | - | - | €97,760 | €570,848 | ▲ 484% |
| Amounts payable within one year42/48 | €1.7m | €327,695 | €322,595 | €1.0m | €1.4m | ▲ 31.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €19,301 | €20,113 | ▲ 4.2% |
| Financial debts43 | - | - | - | €12,677 | €12,766 | ▲ 0.7% |
| Credit institutions430/8 | - | - | - | €12,677 | €12,766 | ▲ 0.7% |
| Trade debts44 | €925,566 | €80,588 | €52,040 | €205,488 | €235,580 | ▲ 14.6% |
| Suppliers440/4 | - | €80,588 | €52,040 | €205,488 | €235,580 | ▲ 14.6% |
| Taxes, remuneration and social security45 | - | €7,572 | €27,523 | - | €31,171 | - |
| Taxes450/3 | - | €7,572 | €27,523 | - | €31,171 | - |
| Other amounts payable47/48 | - | €239,535 | €243,031 | €810,209 | €1.1m | ▲ 32.4% |
| Accrued charges and deferred income492/3 | - | €540 | €58,480 | €58,484 | €200 | ▼ 99.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €174,918 | €14,573 | €64,903 | -€27,317 | €258,023 | ▲ 1,045% |
| + Depreciation and write-downs630 | €2,983 | €3,248 | €2,981 | €23,161 | €25,315 | ▲ 9.3% |
| Operating cash flow (approximation) | €177,901 | €17,820 | €67,884 | -€4,156 | €283,339 | ▲ 6,917% |
| Investment in fixed assets (approximation) | - | -€208 | -€7,258 | -€113,860 | -€2,945 | ▲ 97.4% |
| Change in cash | - | €48,367 | -€171,015 | -€17,641 | -€4,182 | ▲ 76.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Back to profitnet €258,023
Net result €258,023 after one loss-making year.
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Weakest financial yearnet -€27,317
Net result drops to -€27,317, the lowest in the series; recovery starts the following year.
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Equity above €200,000Eq €243,438 ▲36.4%
3 profitable years in a row build equity to €243,438.
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €174,918
Net result €174,918 after 2 loss-making years.
30-06
Financial
Equity above €150,000Eq €163,962
Equity rises from -€10,956 to €163,962.
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Liquidity doublescurrent ratio 2.55
Current ratio from 1.02 to 2.55.
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2018
Ground area
405 m²
Building footprint
207 m²
Volume, LiDAR
1,699 m³
Parcel 62817B0289/00P003, Wallonia · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NRJ SAVING
since 20182.375.104.782
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62817B0289/00P003 | Wallonia | 405 m² | 1 · 207 m² | 8.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the annual accounts to 30-06-2025 of NRJ SAVING and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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CAPRONNIER INVEST
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 4,766 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-07-2018
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700257351
Also
9925:BE0700257351
Registered
25-08-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.