NSE HOLDING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €11.26M and a net result of €-16k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 83% of 2385 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 20-07-2026, 11 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
11 d early
2024
30 d late
2023
21 d early
2022
14 d early
2021
12 d early
2020
28 d late
2019
3 d late
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€11.26M▼ 0.1%
2024 · €11.28M
2019: €7.57M
2020: €7.58M
2021: €7.59M
2022: €9.75M
2023: €11.27M
2024: €11.28M
2019 → 2025
Net result
€-16k
2024 · €10k
2019: €2k
2020: €1k
2021: €13k
2022: €2.16M
2023: €1.51M
2024: €10k
2019 → 2025
Total assets
€11.95M▼ 0.4%
2024 · €12.00M
2019: €9.08M
2020: €9.09M
2021: €10.07M
2022: €11.31M
2023: €11.82M
2024: €12.00M
2019 → 2025
Solvency
94.2%▲ 0.3pp
2024 · 94.0%
2019: 83.4%
2020: 83.4%
2021: 75.4%
2022: 86.3%
2023: 95.3%
2024: 94.0%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€230k-€350k▲ 52.2%€260k▼ 25.7%€208k▼ 20.2%€0▼ 100%
Equity€7.59M-€9.75M▲ 28.5%€11.27M▲ 15.5%€11.28M▲ 0.1%€11.26M▼ 0.1%
Operating result€47k-€36k▼ 23.4%€-34k€6k€-4k
Net result€13k-€2.16M▲ 16,480%€1.51M▼ 30.0%€10k▼ 99.4%€-16k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €6k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.95M
Fixed assets
€9.05M=
Current assets
€2.90M▼ 1.8%
Equity and liabilities €11.95M
Equity
€11.26M▼ 0.1%
Debt
€689k▼ 4.9%
The debt ratio falls from 6.0% to 5.8%. Equity and debt are lower.
Key figures and ratios
Solvency
94.2%▲
2024 · 94.0%
ROE
-0.1%▼
2024 · 0.1%
ROA
-0.1%▼
2024 · 0.1%
Debt
€689k▼
2024 · €725k
Debt ≤ 1 year
€0▼
2024 · €86k
Debt > 1 year
€689k▲
2024 · €639k
Income taxes
€142
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€12.00M€11.95M▼
Fixed assets21/28€9.05M€9.05M=
Financial fixed assets28€9.05M€9.05M=
Affiliated companies280/1€9.05M€9.05M=
Participating interests280€9.05M€9.05M=
Current assets29/58€2.95M€2.90M▼
Amounts receivable after more than one year29€2.78M€2.70M▼
Other amounts receivable291€2.78M€2.70M▼
Stocks and contracts in progress3€0-
Amounts receivable within one year40/41€179k€200k▲
Trade receivables40€172k€79k▼
Other amounts receivable41€6k€121k▲
Cash at bank and in hand54/58€313€183▼
Equity and liabilities
Total equity and liabilities10/49€12.00M€11.95M▼
Equity10/15€11.28M€11.26M▼
Contributions10/11€7.58M€7.58M=
Capital10€7.58M€7.58M=
Issued capital100€7.58M€7.58M=
Reserves13€3.70M€3.70M=
Non-distributable reserves130/1€110k€110k=
Legal reserve130€110k€110k=
Distributable reserves133€3.59M€3.59M=
Profit (loss) carried forward14-€-16k
Amounts payable17/49€725k€689k▼
Amounts payable after more than one year17€639k€689k▲
Financial debts170/4€639k€689k▲
Other loans174€639k€689k▲
Amounts payable within one year42/48€86k€0▼
Trade debts44€86k€0▼
Suppliers440/4€86k€0▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Income statement
Code20242025
Operating income70/76A€208k€0▼
Turnover70€208k€0▼
Operating charges60/66A€201k€4k▼
Services and other goods61€200k€3k▼
Other operating charges640/8€998€1k▲
Operating profit (loss)9901€6k€-4k▼
Financial income75/76B€14k-
Recurring financial income75€14k-
Income from financial fixed assets750€0-
Income from current assets751€14k-
Financial charges65/66B€10k€12k▲
Recurring financial charges65€10k€12k▲
Debt charges650€10k€12k▲
Profit (loss) for the period before taxes9903€10k€-16k▼
Income taxes67/77-€142
Taxes670/3-€142
Profit (loss) for the period9904€10k€-16k▼
Profit (loss) for the period to be appropriated9905€10k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-16k▼
Transfer to equity691/2€10k-
To the legal reserve6920€489-
To other reserves6921€9k-
The notes to these accounts (31 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-16k ▼264%
Net result drops to €-16k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 10current ratio 689.02
Current ratio from 67.05 to 689.02; short-term debt falls from €34k to €4k.
31-12
Financial
Equity above €10MEq €11.27M ▲15.5%
5 profitable years in a row build equity to €11.27M.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2019net €2.16M ▲16480%
Net result €2.16M, the highest in the series.
31-12
Financial
Liquidity times 61current ratio 67.05
Current ratio from 1.10 to 67.05; short-term debt falls from €933k to €34k.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity times 37current ratio 1.10
Current ratio from 0.03 to 1.10; short-term debt falls from €1.51M to €933k.
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brugge · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koggenstraat 28380 BruggeGround area
1.5 ha
Building footprint
889 m²
Volume, LiDAR
5,858 m³
Parcel 31812Q0223/00E000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NSE Holding
since 20192.284.069.292
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31812Q0223/00E000 | Flanders | 1.5 ha | 1 · 889 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 5,704 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-01-2019
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.