NS Group

Active

Public limited companyfounded 20215 yrs activeKBO/BCE: BE 0768.354.123

Summary

The computed 12-month bankruptcy probability of NS Group is 4.9% (elevated). The 2025 annual accounts show equity of €73,289 and a net result of €666. Equity remains stable across the filed fiscal years (±0.8% per year). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Risk analysisWatch Report Compare

NS GroupActiveChecked score 39/100

Risk analysis Report Compare

Activity

Activity not known

Size

€76,984total assets 2025

Equity: €73,289
Profit: €666

Financial health

39 Weak Checked score 2025

Bankruptcy chance 12 m: 4.9%

Structure

Accounts filed 30 d late0 of 1 deed read

Why 39- Founded in 2021- No main activity registered- No establishment unit in the KBO- Ex-officio strike-off in the KBOShow the evidence

Checked score

Score 2025

39 / 100

Weak

Probability in this band: 4.2% to 15.0%

Better than 57% of its sector peers (no NACE code, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Strong

Solvency 100=

equity 95.2% of total assets

Liquidity 53+2

short-term debt 4.8% · cash 2.7%

Profitability 70+1

return on assets 0.9%

Bankruptcy probability, 12 months

4.9% Elevated

0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 16 months 07-2025: 4.7% 08-2025: 5.6%▲ +19.2% vs 07-2025 09-2025: 3.5%▼ -38.5% vs 08-2025 10-2025: 3.5%● 0.0% vs 09-2025 11-2025: 3.5%● 0.0% vs 10-2025 12-2025: 3.5%● 0.0% vs 11-2025 01-2026: 3.5%▼ -0.1% vs 12-2025 02-2026: 3.5%▲ +0.5% vs 01-2026 03-2026: 3.5%● 0.0% vs 02-2026 04-2026: 3.6%▲ +3.1% vs 03-2026 05-2026: 3.3%▼ -9.4% vs 04-2026lowest value 06-2026: 5.9%▲ +82.3% vs 05-2026 07-2026: 6.1%▲ +3.6% vs 06-2026 08-2026: 7.4%▲ +20.2% vs 07-2026highest value 09-2026: 4.9%▼ -33.3% vs 08-2026 10-2026: 4.9%● 0.0% vs 09-2026

Founded in 2021 raises the probability for this profile
No main activity registered raises the probability
No establishment unit in the KBO raises the probability
Ex-officio strike-off in the KBO raises the probability

Credit up to €2,500 at 30 days only on tighter terms

Liquidity ample (current ratio 17.66 against 18.54 in 2024; short-term debt: 4.8% and cash: 2.7% of total assets), and 4.8% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 81%, liquidity 48%, profitability 49%, growth against the median 51%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Founded in 2021

In the bankruptcy model this factor raises the probability for this profile.

KBO

No main activity registered

In the bankruptcy model this factor raises the probability.

KBO

No establishment unit in the KBO

In the bankruptcy model this factor raises the probability.

KBO · seat and establishments

Ex-officio strike-off in the KBO

In the bankruptcy model this factor raises the probability.

KBO publications

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 4 filings

Deviation from the deadline

2025

30 d late

2024

16 d late

2023

24 d late

2022

15 d late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 4 accounts on average 21 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Administrative warnings in the KBO publications

1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.

KBO publications

Publications

Address struck

Checked, nothing found (1)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 21 August (4 of the last 4 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

02-10-2026 today31-12-2026 close31-07-2027 deadline