NS SOLUTION
ActiveSummary
The computed 12-month bankruptcy probability of NS SOLUTION is 2.0% (moderate). The 2025 annual accounts show negative equity (-€27,190) and a net result of €518. Equity has been shrinking by about 5.5% per year since 2023. Its solvency ranks better than 12% of 1,829 sector peers (NACE 77, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-05-2022 Normal situation
- Registered office
- 445 active companies are registered at this address 52 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Renting and leasing of cars and light motor vehicles NACE 77110and 6 others
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.331.328.484 1070 Anderlecht, since 04-05-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 24-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.0%
Annual accounts 2025
- Gross margin
- €53,598
- ▲ 11.5%
- Turnover
- ≈ €160,000
- estimated
- Profit
- €518
- Equity
- -€27,190
- ▲ 1.9%
- Total assets
- €49,577
- ▲ 284%
- Employees on 31-12-2025
- 1
- =
- Negative equity on 31-12-2025
Score breakdownraises riskFounded in 2022Negative equity -€27,190Size: total assets €49,577lowers riskFigures for financial year 2025 (filed on 14-07-2026)Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 30% of micro companies in rental and leasing (NACE 77)
Financial strength · tick: 2024
Weak
Solvency
0=
equity -54.8% of total assets
Liquidity
10-40
short-term debt 154.5% · cash 8.1%
Profitability
70+20
return on assets 1.0%
Bankruptcy probability within 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.8%
01-2025: 1.8%● unchanged vs 12-2024
02-2025: 1.8%● unchanged vs 01-2025
03-2025: 1.7%▼ -0.1 percentage points vs 02-2025
04-2025: 1.7%● unchanged vs 03-2025
05-2025: 1.7%● unchanged vs 04-2025
06-2025: 1.7%● unchanged vs 05-2025
07-2025: 1.8%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▼ -0.8 percentage points vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 0.8%▼ -0.2 percentage points vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026lowest value
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.9%▲ +0.1 percentage points vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 1.0%▲ +0.1 percentage points vs 06-2026
08-2026: 2.0%▲ +1.0 percentage point vs 07-2026
09-2026: 2.0%● unchanged vs 08-2026highest value
10-2026: 2.0%● unchanged vs 09-2026highest value
11-2026: 2.0%● unchanged vs 10-2026highest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.59 (0.24 in 2024), below 1. Short-term debt is 154.5% and cash 8.1% of total assets. Equity is negative.
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 77, micro). It does better than 7% of them on solvency, 12% on liquidity, 52% on profitability and 48% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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 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 riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 1829 sector peers (2025).
NBB · sector comparisonPosition among 1829 sector peers
Solvency
better than 12%
← weakest
strongest →
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 14-07-2026, 17 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
17 days early
2024
17 days early
2023
12 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 15 days before the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% 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 14 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 14-07-2026 at the NBB all 3 filings
Turnover
≈ €160,000
Estimated: probably between €110,000 and €280,000
Total assets
€49,577▲ 284%
2024 · €12,923
Net result
€518
2024 · -€3,515
Working capital
-€31,524▼ 15.5%
2024 · -€27,290
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€814
2025
20232025
Net result
€518
2025
middle half of the sector
20232025
Equity
-€27,190
▲ 1.9%
2025
lowest quarter of the sector
20232025
Total assets
€49,577
▲ 284%
2025
lowest quarter of the sector
20232025
Debt
€76,767
▲ 88.9%
2025
20232025
Working capital
-€31,524
▼ 15.5%
2025
middle half of the sector
20232025
Solvency
-54.8%
▲ 159.6pp
2025
lowest quarter of the sector
20232025
Current ratio
0.59
▲ 0.35
2025
middle half of the sector
20232025
Return on assets (ROA)
1.0%
▲ 28.2pp
2025
middle half of the sector
20232025
Staff (FTE)
1
=
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€26,442--€3,285▲ 87.6%€814
Net result-€26,693below the sector's middle half--€3,515within the sector's middle half▲ 86.8%€518within the sector's middle half
Equity-€24,193below the sector's middle half--€27,708below the sector's middle half▼ 14.5%-€27,190below the sector's middle half▲ 1.9%
Total assets€20,336below the sector's middle half-€12,923below the sector's middle half▼ 36.5%€49,577below the sector's middle half▲ 284%
Debt€44,529-€40,631▼ 8.8%€76,767▲ 88.9%
Working capital-€33,803within the sector's middle half--€27,290within the sector's middle half▲ 19.3%-€31,524within the sector's middle half▼ 15.5%
Solvency-119.0%below the sector's middle half--214.4%below the sector's middle half▼ 95.4pp-54.8%below the sector's middle half▲ 159.6pp
Current ratio0.18below the sector's middle half-0.24below the sector's middle half▲ 0.050.59within the sector's middle half▲ 0.35
Return on assets (ROA)-131.3%below the sector's middle half--27.2%below the sector's middle half▲ 104.1pp1.0%within the sector's middle half▲ 28.2pp
Staff (FTE)1-1=1=
above
within
below
The sector band is the middle half of the companies in Rental and leasing activities (NACE 77). 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 €814, after a loss of €3,285 in 2024. It is the highest result since 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49,577
Fixed assets
€4,514 ▲ 0.2%
Current assets
€45,064 ▲ 435%
Equity and liabilities
Equity-€27,190
Debt€76,767
Equity is negative. Debt (€76,767) exceeds the balance-sheet total (€49,577).
Key figures and ratios
EBITDA
€3,685▼
2024 · €5,880
Cash flow
€3,390▼
2024 · €5,651
Quick ratio
0.33▲
2024 · 0.24
Interest coverage
12.45▼
2024 · 23.73
Debt ≤ 1 year
€76,588▲
2024 · €35,710
Staff costs
€44,482▲
2024 · €40,655
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| part-time | - | - | 0 |
| in full-time equivalents | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 |
| Joined | 1 | - | - |
| Left | 0 | - | - |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €26,956 | €966 | - |
| Financial fixed assets | - | - | €4,050 |
| Depreciation and write-downs of the year | €14,254 | €9,166 | €2,871 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €57,429 | €40,655 | €44,482 | ▲ 9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,254 | €9,166 | €2,871 | ▼ 68.7% |
| Other operating charges640/8 | €2,626 | €1,519 | €5,430 | ▲ 257% |
| Gross operating margin9900 | €47,866 | €48,055 | €53,598 | ▲ 11.5% |
| Operating profit (loss)9901 | -€26,442 | -€3,285 | €814 | - |
| Financial income75/76B | €8 | €18 | €1 | ▼ 96.7% |
| Recurring financial income75 | €8 | €18 | €1 | ▼ 96.7% |
| Financial charges65/66B | €259 | €248 | €296 | ▲ 19.5% |
| Recurring financial charges65 | €259 | €248 | €296 | ▲ 19.5% |
| Profit (loss) for the period before taxes9903 | -€26,693 | -€3,515 | €518 | - |
| Profit (loss) for the period9904 | -€26,693 | -€3,515 | €518 | - |
| Profit (loss) for the period to be appropriated9905 | -€26,693 | -€3,515 | €518 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €20,336 | €12,923 | €49,577 | ▲ 284% |
| Fixed assets21/28 | €12,702 | €4,503 | €4,514 | ▲ 0.2% |
| Tangible fixed assets22/27 | €12,702 | €4,503 | €464 | ▼ 89.7% |
| Furniture and vehicles24 | €12,702 | €4,503 | €464 | ▼ 89.7% |
| Financial fixed assets28 | - | - | €4,050 | - |
| Current assets29/58 | €7,634 | €8,420 | €45,064 | ▲ 435% |
| Stocks and contracts in progress3 | - | - | €19,595 | - |
| Stocks30/36 | - | - | €19,595 | - |
| Amounts receivable within one year40/41 | €1,256 | €2,177 | €20,468 | ▲ 840% |
| Trade receivables40 | €1,256 | €2,177 | €20,468 | ▲ 840% |
| Cash at bank and in hand54/58 | €5,895 | €5,573 | €4,016 | ▼ 27.9% |
| Deferred charges and accrued income490/1 | €483 | €671 | €985 | ▲ 46.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €20,336 | €12,923 | €49,577 | ▲ 284% |
| Equity10/15 | -€24,193 | -€27,708 | -€27,190 | ▲ 1.9% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€26,693 | -€30,208 | -€29,690 | ▲ 1.7% |
| Amounts payable17/49 | €44,529 | €40,631 | €76,767 | ▲ 88.9% |
| Amounts payable within one year42/48 | €41,436 | €35,710 | €76,588 | ▲ 114% |
| Trade debts44 | €697 | €2,931 | €3,318 | ▲ 13.2% |
| Suppliers440/4 | €697 | €2,931 | €3,318 | ▲ 13.2% |
| Advances received on contracts in progress46 | - | - | €1,815 | - |
| Taxes, remuneration and social security45 | €13,551 | €10,268 | €14,513 | ▲ 41.3% |
| Taxes450/3 | €3,719 | €3,943 | €6,454 | ▲ 63.7% |
| Remuneration and social security454/9 | €9,832 | €6,325 | €8,060 | ▲ 27.4% |
| Other amounts payable47/48 | €27,189 | €22,511 | €56,942 | ▲ 153% |
| Accrued charges and deferred income492/3 | €3,092 | €4,921 | €179 | ▼ 96.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,693 | -€3,515 | €518 | - |
| + Depreciation and write-downs630 | €14,254 | €9,166 | €2,871 | ▼ 68.7% |
| Operating cash flow (approximation) | -€12,439 | €5,651 | €3,390 | ▼ 40.0% |
| Investment in fixed assets (approximation) | - | -€966 | -€2,883 | ▼ 198% |
| Change in cash | - | -€322 | -€1,557 | ▼ 384% |
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, 516 companies had the same profile as NS SOLUTION has now. Two years later, 91.9% were still going and 4.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
91.9%
was still going
2.5%
stopped otherwise
4.5%
went bankrupt
Another 1.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NS SOLUTION itself: 2.0% 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 516 companies, not a prediction for NS SOLUTION. 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.
Board & ownership
Directors
Directors
1 director, no change since 2022
AYYADI Youssef
Current
Director · appointed in the act of 06-05-2022 · term without a fixed end · also on the board of 1 other company · listed in the 2025 annual accounts, filed on 14-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 06-05-2022Owners and capital
Owners
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Fixe ou proportionnelle, rémunération des administrateurs”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement au nombre acquis s'ils sont plusieurs, pli recommandé”
Articles of association, deed of 06-05-2022 (in French)
Network & group
Companies at the same address
444 other companies- Quantum Echo Registered office · since 2026 1044725434
- DataHyr Solutions Registered office · since 2026 1043470471
- SateLink Solution Registered office · since 2026 1043466117
- A.KJÆRBEDE BE Registered office · since 2026 1043304779
- Face Value Registered office · since 2026 1042731984
- R Force One Robotics Registered office · since 2026 1042732182
- Catalyst Corp Registered office · since 2026 1042558671
- SYK Graphique Registered office · since 2026 1041905803
- VARTELIS Branch · since 2026 1041159891
- A.I.J Registered office · since 2026 1041094961
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
DENTAL 6
via AYYADI Youssef · Director (not named in the articles)
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
14-07
micro format · 17 days before the deadline
2025
31-12
Financial
Back to profitnet €518
The net result is €518, after 2 loss-making years.
14-07
micro format · 17 days before the deadline
2024
19-07
micro format · 12 days before the deadline
2022
06-05
Gazette deed
IncorporationAppointment: AYYADI Youssef (director) · Founder · Founding capital11 points ▸
Gazette deed
Incorporation
Appointment: AYYADI Youssef (director) · Founder · Founding capital11 points ▸
- Founder, AYYADI Youssef
- Other provision, “au notaire soussigné, plan financier” (deed in French)
- Incorporation, 28-04-2022
- Founding capital, €2,500
- Bank account, “Banque ING”, EUR (deed in French)
- Other provision, “arrêt des statuts, arrête les statuts comme suit” (deed in French)
- Registered office clause, “1180 Uccle,avenue Kersbeek 308” (deed in French)
- Other provision, “avertissements” (deed in French)
- General meeting, “extraordinaire” (deed in French)
- Board rule, 1
- Director appointment, AYYADI Youssef (director)
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
NS SOLUTION in French
Enterprise number
0785.725.140
Legal form
Private limited company
Status
Active, normale toestand
Founded
04-05-2022
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 06-05-2022 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale, transfert par simple décision de l’organe d’administration pour autant que ce transfert a lieu dans la Région…”
deed of 06-05-2022 (in French)Registered office and establishments
Registered office
Kersbeeklaan 308, 1180 Ukkel, Belgium
Establishment unit
NS SOLUTION, Albert De Costerlaan 10, 1070 Anderlecht since 04-05-2022 · unit number 2.331.328.484
E-mail
info@smsolution.be
Activities
NACEBEL 202577110
Renting and leasing of cars and light motor vehicles main activity
46713
Wholesale trade
47811
Retail sale of cars and light vans (up to 3.5 tonnes)
47812
Retail trade
71201
Architectural and engineering activities; technical testing and analysis
77120
Rental and leasing activities
95314
Bodywork repair (including spraying and painting)
Codes under NACEBEL 2008
77110
Renting of cars main activity
45113
45193
45194
45204
71201
Architectural and engineering activities; technical testing and analysis
77120
Rental and leasing activities
Joint committee
200 Aanvullend Paritair Comité voor de bedienden annual accounts 2025
Invoicing and payment
VAT number
BE 0785.725.140
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of June
deed of 06-05-2022 (in French)Sites & property
Location
Buildings and parcels at the addresses
Ground area
767 m²
Building footprint
264 m²
Building volume
2,225 m³
Tallest building: 13.8 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21308H0431/00N003 | Brussels | 425 m² | 1 · 165 m² | 11.6 m · 3 |
| 21616G0030/00T016 | Brussels | 342 m² | 1 · 99 m² | 13.8 m · 3 |