NSE-INFRA
ActiveThe computed 12-month bankruptcy probability of NSE-INFRA is 1.8% (moderate). The 2025 annual accounts show equity of €140k and a net result of €-38k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 396 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-46
Solvency54▼-11
Growth52=
Stability94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.31 against 1.39 in 2024), and 70% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30%
Return on assets
-8.2%
Age of the figures
8 mo
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 07-07-2026, 24 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
24 d early
2024
20 d early
2023
62 d late
2022
42 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.03M
EBIT margin
4.5%
Net result
€-38k
2024 · €22k
2022: €114k
2023: €36k
2024: €22k
2022 → 2025
Working capital
€100k▼ 14.6%
2024 · €117k
2022: €72k
2023: €80k
2024: €117k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€1.03M
Equity€120k-€156k▲ 29.9%€178k▲ 14.1%€140k▼ 21.4%
Operating result€167k-€56k▼ 66.2%€47k▼ 17.1%€-16k
Net result€114k-€36k▼ 68.5%€22k▼ 38.6%€-38k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16k after €47k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €465k
Fixed assets
€43k▼ 41.7%
Current assets
€422k▲ 1.1%
Equity and liabilities €465k
Equity
€140k▼ 21.4%
Debt
€325k▲ 3.8%
The debt ratio rises from 63.8% to 70.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€9k▼
2024 · €85k
Cash flow
€-13k▼
2024 · €60k
Solvency
30.0%▼
2024 · 36.2%
Current ratio
1.31▼
2024 · 1.39
Quick ratio
1.31▼
2024 · 1.39
Debt / equity
2.33▲
2024 · 1.76
ROE
-27.2%▼
2024 · 12.4%
ROA
-8.2%▼
2024 · 4.5%
Interest coverage
0.29▼
2024 · 6.19
Debt
€325k▲
2024 · €313k
Debt ≤ 1 year
€322k▲
2024 · €301k
Debt > 1 year
€3k▼
2024 · €13k
Income taxes
€365▼
2024 · €11k
Staff costs
€540k▲
2024 · €497k
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€491k€465k▼
Fixed assets21/28€73k€43k▼
Tangible fixed assets22/27€73k€39k▼
Plant, machinery and equipment23€3k€8k▲
Furniture and vehicles24€9k€12k▲
Leasing and similar rights25€61k€19k▼
Financial fixed assets28€245€4k▲
Current assets29/58€418k€422k▲
Amounts receivable within one year40/41€415k€359k▼
Trade receivables40€95k€52k▼
Other amounts receivable41€320k€307k▼
Cash at bank and in hand54/58€3k€22k▲
Deferred charges and accrued income490/1-€41k
Equity and liabilities
Total equity and liabilities10/49€491k€465k▼
Equity10/15€178k€140k▼
Contributions10/11€6k€6k=
Reserves13€22k€22k=
Distributable reserves133€22k€22k=
Profit (loss) carried forward14€150k€112k▼
Amounts payable17/49€313k€325k▲
Amounts payable after more than one year17€13k€3k▼
Financial debts170/4€13k€3k▼
Amounts payable within one year42/48€301k€322k▲
Current portion of amounts payable after more than one year42€54k€10k▼
Trade debts44€187k€182k▼
Suppliers440/4€187k€182k▼
Taxes, remuneration and social security45€29k€104k▲
Taxes450/3€12k€7k▼
Remuneration and social security454/9€17k€98k▲
Other amounts payable47/48€30k€26k▼
Income statement
Code20242025
Turnover70€1.03M-
Non-recurring operating income76A-€646
Goods, raw materials, services and sundry goods60/61€454k-
Remuneration, social security and pensions62€497k€540k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€24k▼
Other operating charges640/8€24k€7k▼
Non-recurring operating charges66A€854€19k▲
Gross operating margin9900€607k€574k▼
Operating profit (loss)9901€47k€-16k▼
Financial income75/76B€1€9k▲
Recurring financial income75€1€9k▲
Financial charges65/66B€14k€31k▲
Recurring financial charges65€14k€31k▲
Profit (loss) for the period before taxes9903€33k€-38k▼
Income taxes67/77€11k€365▼
Profit (loss) for the period9904€22k€-38k▼
Profit (loss) for the period to be appropriated9905€22k€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€172k€112k▼
Profit (loss) brought forward from the previous period14P€150k€150k=
Transfer to equity691/2€22k-
To other reserves6921€22k-
Social balance
Average headcount (FTE)90879.69.4▼
The notes to these accounts (12 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-38k ▼272%
Net result drops to €-38k, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
31-12
Financial
Equity above €150kEq €156k ▲29.9%
2 profitable years in a row build equity to €156k.
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 42 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, Hamme (Vl.) · 1 establishment unit since 2021
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.
Zwaarveld 119220 Hamme (Vl.)Ground area
2,355 m²
Building footprint
1,434 m²
Volume, LiDAR
13,535 m³
2 parcels, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NSE-INFRA
since 20212.324.183.742
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452C0046/00N000 | Flanders | 1,350 m² | 1 · 1,333 m² | 12.8 m · 3 fl. |
| 42452B1296/00H000 | Flanders | 1,005 m² | 1 · 101 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ICM ELECT
BE 0748.993.418
Sint-Pieters-Leeuw · Eq €140k
MONTE GROUP
BE 0804.036.562
Sint-Truiden · Eq €140k
B-iTechs
BE 0729.593.418
Wommelgem · Eq €140k
Qonnected
BE 1003.146.581
Beringen · Eq €140k
HES ELEKTRO
BE 0744.576.453
Antwerpen · Eq €139k
Of 1,805 companies in sector 42220 we hold annual accounts for 948. 690 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-11-2021
Fiscal year end31-12
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.