NSES
ActiveSummary
NSES has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €703,064 and a net result of €4,640. Equity is growing by about 4% per year across the filed financial years. Its solvency ranks better than 49% of 3,311 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, abbreviated format
In the rankings
#2 company by total assets in Bree, Telecoms and IT sector#3 company by equity in Bree, Telecoms and IT sector#3 oldest company in Bree, Telecoms and IT sector
Equity
€703,064▲ 0.7%
2024 · €698,424
Total assets
€1.6m▲ 0.8%
2024 · €1.5m
Net result
€4,640▲ 426%
2024 · €882
Working capital
-€567,253▼ 12.8%
2024 · -€502,929
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 20% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.02m
2025
Net result€0.005m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.6m
2025
Equity€0.7m
2025
Debt€0.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.6m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency45.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.08
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.07m-€0.08m▲ 8.8%-€0.01m€0.07m€0.1m▲ 39.0%€0.08m▼ 22.6%€0.01m▼ 81.4%€0.02m▲ 20.4%
Net result€0.04m-€0.04m▲ 10.8%-€0.03mbelow the sector's middle half€0.05mwithin the sector's middle half€0.06mwithin the sector's middle half▲ 21.1%€0.04mwithin the sector's middle half▼ 39.2%€0.001mwithin the sector's middle half▼ 97.5%€0.005mwithin the sector's middle half▲ 426%
Equity€0.5m-€0.6m▲ 7.2%€0.6mabove the sector's middle half▼ 5.6%€0.6mabove the sector's middle half▲ 8.7%€0.7mabove the sector's middle half▲ 9.6%€0.7mabove the sector's middle half▲ 5.3%€0.7mabove the sector's middle half▲ 0.1%€0.7mabove the sector's middle half▲ 0.7%
Total assets€1.6m-€1.6m▼ 1.3%€1.6mabove the sector's middle half▼ 1.6%€1.6mabove the sector's middle half▲ 0.1%€1.5mwithin the sector's middle half▼ 1.6%€1.5mwithin the sector's middle half▼ 0.8%€1.5mwithin the sector's middle half▲ 1.7%€1.6mabove the sector's middle half▲ 0.8%
Debt€1.1m-€1.0m▼ 5.7%€1.0m▲ 0.8%€1.0m▼ 4.6%€0.9m▼ 8.7%€0.8m▼ 5.4%€0.8m▲ 3.0%€0.9m▲ 0.9%
Working capital-€0.2m--€0.3m▼ 7.4%-€0.4mbelow the sector's middle half▼ 42.9%-€0.5mbelow the sector's middle half▼ 29.1%-€0.5mbelow the sector's middle half▼ 7.6%-€0.4mbelow the sector's middle half▲ 18.1%-€0.5mbelow the sector's middle half▼ 15.5%-€0.6mbelow the sector's middle half▼ 12.8%
Solvency34.3%-37.3%▲ 2.9pp35.7%within the sector's middle half▼ 1.5pp38.8%within the sector's middle half▲ 3.0pp43.2%within the sector's middle half▲ 4.4pp45.9%within the sector's middle half▲ 2.7pp45.2%within the sector's middle half▼ 0.7pp45.1%within the sector's middle half=
Current ratio0.25-0.22▼ 0.030.15below the sector's middle half▼ 0.070.07below the sector's middle half▼ 0.080.03below the sector's middle half▼ 0.030.02below the sector's middle half▼ 0.020.06below the sector's middle half▲ 0.050.08below the sector's middle half▲ 0.01
Return on assets (ROA)2.2%-2.5%▲ 0.3pp-2.1%below the sector's middle half▼ 4.6pp3.1%within the sector's middle half▲ 5.2pp3.8%within the sector's middle half▲ 0.7pp2.3%within the sector's middle half▼ 1.5pp0.1%within the sector's middle half▼ 2.3pp0.3%within the sector's middle half▲ 0.2pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.5m =
Current assets
€46,014 ▲ 36.9%
Equity and liabilities €1.6m
Equity
€703,064 ▲ 0.7%
Debt
€855,256 ▲ 0.9%
Debt's share of the balance-sheet total stays at 54.9%.
Key figures and ratios
EBITDA
€17,887▲
2024 · €15,051
Cash flow
€5,148▲
2024 · €1,500
Debt to equity
1.22▲
2024 · 1.21
ROE
0.7%▲
2024 · 0.1%
Interest coverage
1.72▲
2024 · 1.13
Debt ≤ 1 year
€613,266▲
2024 · €536,546
Debt > 1 year
€240,562▼
2024 · €310,033
Income taxes
€2,322▲
2024 · €243
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €46,000 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,148 | €15,148 | €15,148 | €11,912 | €7,159 | €678 | €618 | €508 | ▼ 17.8% |
| Other operating charges640/8 | - | - | - | €2,208 | €2,239 | €2,457 | €2,522 | €2,600 | ▲ 3.1% |
| Gross operating margin9900 | €88,190 | €94,480 | €4,614 | €86,253 | €109,688 | €80,730 | €17,574 | €20,488 | ▲ 16.6% |
| Operating profit (loss)9901 | €70,948 | €77,214 | -€12,732 | €72,132 | €100,290 | €77,595 | €14,433 | €17,379 | ▲ 20.4% |
| Financial income75/76B | - | - | - | - | €0 | €0 | - | - | - |
| Recurring financial income75 | - | - | - | - | €0 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €19,216 | €25,152 | €28,923 | €13,309 | €10,418 | ▼ 21.7% |
| Recurring financial charges65 | €26,340 | €22,822 | €20,319 | €19,216 | €25,152 | €28,923 | €13,309 | €10,418 | ▼ 21.7% |
| Profit (loss) for the period before taxes9903 | €44,608 | €54,392 | -€33,052 | €52,916 | €75,139 | €48,671 | €1,125 | €6,962 | ▲ 519% |
| Income taxes67/77 | €9,098 | €15,030 | €0 | €4,811 | €16,886 | €13,272 | €243 | €2,322 | ▲ 857% |
| Profit (loss) for the period9904 | €35,510 | €39,362 | -€33,052 | €48,105 | €58,253 | €35,399 | €882 | €4,640 | ▲ 426% |
| Profit (loss) for the period to be appropriated9905 | €35,510 | €39,362 | -€33,052 | €48,105 | €58,253 | €35,399 | €882 | €4,640 | ▲ 426% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.6m | €1.6m | €1.6m | €1.6m | €1.5m | €1.5m | €1.5m | €1.6m | ▲ 0.8% |
| Fixed assets21/28 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Tangible fixed assets22/27 | €0.06m | €0.04m | €0.03m | €0.01m | €0.005m | €0.004m | €0.004m | €0.003m | ▼ 13.7% |
| Land and buildings22 | - | - | - | €0.008m | €0.001m | €0.001m | €376 | €238 | ▼ 36.7% |
| Other tangible fixed assets26 | - | - | - | €0.004m | €0.004m | €0.004m | €0.003m | €0.003m | ▼ 11.1% |
| Financial fixed assets28 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Current assets29/58 | €0.08m | €0.08m | €0.07m | €0.04m | €0.02m | €0.007m | €0.03m | €0.05m | ▲ 36.9% |
| Amounts receivable within one year40/41 | €0.06m | €0.07m | €0.05m | €0.02m | €0 | €0.005m | €0.02m | €0.02m | ▼ 22.6% |
| Trade receivables40 | - | - | - | - | - | - | €0.02m | €0.02m | ▲ 1.7% |
| Other amounts receivable41 | - | - | - | €0.02m | €0 | €0.005m | €0.005m | €57 | ▼ 98.8% |
| Cash at bank and in hand54/58 | €0.02m | €0.007m | €0.01m | €0.01m | €0.02m | €0.002m | €0.01m | €0.03m | ▲ 122% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.6m | €1.6m | €1.6m | €1.6m | €1.5m | €1.5m | €1.5m | €1.6m | ▲ 0.8% |
| Equity10/15 | €0.5m | €0.6m | €0.6m | €0.6m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 0.7% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.007m | €0.05m | €0.05m | €0.09m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 2.5% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Distributable reserves133 | - | - | - | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 2.5% |
| Profit (loss) carried forward14 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Amounts payable17/49 | €1.1m | €1.0m | €1.0m | €1.0m | €0.9m | €0.8m | €0.8m | €0.9m | ▲ 0.9% |
| Amounts payable after more than one year17 | €0.7m | €0.6m | €0.5m | €0.4m | €0.3m | €0.4m | €0.3m | €0.2m | ▼ 22.4% |
| Financial debts170/4 | - | - | - | €0.4m | €0.3m | €0.4m | €0.3m | €0.2m | ▼ 22.4% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | €0.4m | €0.5m | €0.6m | ▲ 14.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.06m | €0.07m | €0.07m | ▲ 3.2% |
| Financial debts43 | - | - | - | - | €0.02m | €0.005m | €0 | - | - |
| Credit institutions430/8 | - | - | - | - | €0.02m | €0.005m | €0 | - | - |
| Trade debts44 | €0.002m | €0.002m | €0 | €0.005m | €0.005m | €0.002m | €0 | - | - |
| Suppliers440/4 | - | - | - | €0.005m | €0.005m | €0.002m | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.005m | €0.008m | €0.008m | €243 | €0.002m | ▲ 857% |
| Taxes450/3 | - | - | - | €0.005m | €0.008m | €0.008m | €243 | €0.002m | ▲ 857% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | ▲ 15.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,510 | €39,362 | -€33,052 | €48,105 | €58,253 | €35,399 | €882 | €4,640 | ▲ 426% |
| + Depreciation and write-downs630 | €15,148 | €15,148 | €15,148 | €11,912 | €7,159 | €678 | €618 | €508 | ▼ 17.8% |
| Operating cash flow (approximation) | €50,658 | €54,510 | -€17,904 | €60,018 | €65,412 | €36,077 | €1,500 | €5,148 | ▲ 243% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€44,800 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€11,248 | €6,172 | €343 | €4,821 | -€16,000 | €11,365 | €16,875 | ▲ 48.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00227782 |
| 31-12-2024 | abbreviated format | 30-06-2025 | 2025-00211268 |
| 31-12-2023 | abbreviated format | 26-06-2024 | 2024-00162261 |
| 31-12-2022 | abbreviated format | 12-07-2023 | 2023-00228612 |
| 31-12-2021 | abbreviated format | 29-06-2022 | 2022-20104943 |
| 31-12-2020 | abbreviated format | 19-08-2021 | 2021-50600331 |
| 31-12-2019 | abbreviated format | 24-08-2020 | 2020-44800443 |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-57200046 |
| 31-12-2017 | abbreviated format | 14-06-2018 | 2018-18400179 |
| 31-12-2016 | abbreviated format | 18-05-2017 | 2017-12500048 |
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Of the 29,816 active companies whose main activity is computer consultancy and computer facilities management (NACE 62200), figures are known for 18,790. 10,479 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.