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NSF BELGIUM

Active
Private limited companyfounded 200917 yrs activeDe Kleetlaan 12A, 1831 Machelen (Brab.), BelgiumKBO/BCE: BE 0808.875.377
Summary

NSF BELGIUM has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.14M and a net result of €537k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 83% of 563 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
59 / 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▲+15
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days only on tighter terms
Liquidity ample (current ratio 4.24 against 5.03 in 2023; short-term debt: 18.2% and cash: 16.4% of total assets), and 20.7% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.
lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 17 years 0 20 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
79.3%
Return on assets
13.6%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-01-2026, 180 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
180 d late
2023
230 d late
2022
80 d late
2021
23 d late
2020
27 d late
2019
4 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity
€3.14M▲ 20.6%
2023 · €2.60M
2018: €1.33M 2019: €1.56M 2020: €1.85M 2021: €2.26M 2022: €2.54M 2023: €2.60M
2018 → 2024
Total assets
€3.95M▲ 22.2%
2023 · €3.24M
2018: €1.85M 2019: €2.10M 2020: €2.42M 2021: €2.86M 2022: €2.94M 2023: €3.24M
2018 → 2024
Net result
€537k▲ 752%
2023 · €63k
2018: €219k 2019: €225k 2020: €294k 2021: €409k 2022: €279k 2023: €63k
2018 → 2024
Working capital
€2.32M▼ 8.2%
2023 · €2.53M
2018: €1.23M 2019: €1.47M 2020: €1.75M 2021: €2.17M 2022: €2.47M 2023: €2.53M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€1.85M-€2.26M▲ 22.1%€2.54M▲ 12.4%€2.60M▲ 2.5%€3.14M▲ 20.6%
Operating result€436k-€576k▲ 32.1%€445k▼ 22.6%€181k▼ 59.5%€595k▲ 230%
Net result€294k-€409k▲ 39.4%€279k▼ 31.8%€63k▼ 77.4%€537k▲ 752%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€200k€400k€600kOperating result 2020: €436k€436kNet result 2020: €294k€294kOperating result 2021: €576k€576kNet result 2021: €409k€409kOperating result 2022: €445k€445kNet result 2022: €279k€279kOperating result 2023: €181k€181kNet result 2023: €63k€63kOperating result 2024: €595k€595kNet result 2024: €537k€537k20202021202220232024€0€200k€400k€600kOperating result 2022: €445k€445kNet result 2022: €279k€279kOperating result 2023: €181k€181kNet result 2023: €63k€63kOperating result 2024: €595k€595kNet result 2024: €537k€537k202220232024
The operating result recovers in 2024; 2024 is 230% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.95M
Fixed assets €913k ▲ 1,083%
Current assets €3.04M ▼ 3.7%
Equity and liabilities €3.95M
Equity €3.14M ▲ 20.6%
Debt €817k ▲ 28.9%
Debt's share of the balance-sheet total rises from 19.6% to 20.7%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€676k
2023 · €197k
Cash flow
€617k
2023 · €79k
Current ratio
4.24
2023 · 5.03
Debt to equity
0.26
2023 · 0.24
ROE
17.1%
2023 · 2.4%
ROA
13.6%
2023 · 1.9%
Interest coverage
16.36
2023 · 10.31
Debt ≤ 1 year
€718k
2023 · €628k
Income taxes
€49k
2023 · €137k
Staff costs
€3.33M
2023 · €2.14M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet Code20232024
Assets
Total assets20/58€3.24M€3.95M
Fixed assets21/28€77k€913k
Tangible fixed assets22/27€11k€847k
Land and buildings22€8k-
Plant, machinery and equipment23-€1k
Furniture and vehicles24€3k€152k
Other tangible fixed assets26-€694k
Financial fixed assets28€66k€67k
Current assets29/58€3.16M€3.04M
Amounts receivable after more than one year29€1.30M€1.06M
Other amounts receivable291€1.30M€1.06M
Amounts receivable within one year40/41€1.47M€1.30M
Trade receivables40€722k€925k
Other amounts receivable41€753k€372k
Cash at bank and in hand54/58€230k€647k
Deferred charges and accrued income490/1€153k€37k
Equity and liabilities
Total equity and liabilities10/49€3.24M€3.95M
Equity10/15€2.60M€3.14M
Contributions10/11€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k-
Reserves not available under the articles1311€6k-
Distributable reserves133-€6k
Profit (loss) carried forward14€2.53M€3.07M
Amounts payable17/49€634k€817k
Amounts payable within one year42/48€628k€718k
Trade debts44€159k€137k
Suppliers440/4€159k€137k
Taxes, remuneration and social security45€469k€581k
Taxes450/3€69k-
Remuneration and social security454/9€400k€581k
Accrued charges and deferred income492/3€6k€99k
Income statement Code20232024
Non-recurring operating income76A-€91k
Remuneration, social security and pensions62€2.14M€3.33M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€81k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€435
Other operating charges640/8€6k€14k
Non-recurring operating charges66A€95€3k
Gross operating margin9900€2.35M€4.03M
Operating profit (loss)9901€181k€595k
Financial income75/76B€38k€32k
Recurring financial income75€38k€32k
Financial charges65/66B€19k€41k
Recurring financial charges65€19k€41k
Profit (loss) for the period before taxes9903€200k€586k
Income taxes67/77€137k€49k
Profit (loss) for the period9904€63k€537k
Profit (loss) for the period to be appropriated9905€63k€537k
Appropriation of the result
Profit (loss) to be appropriated9906€2.53M€3.07M
Profit (loss) brought forward from the previous period14P€2.47M€2.53M
Social balance
Average headcount (FTE)908713.521.7

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2026
27-01
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 180 days late
2025
06-10
State Gazette act Appointment: VCLJ Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: KILIAN Patrick3 facts ▸
  • General meeting, 02-09-2025
  • Auditor appointment, VCLJ Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, KILIAN Patrick
25-03
State Gazette act Restructuring
Merger · Capital · Board composition14 facts ▸
  • Board meeting, 12-03-2025
  • Merger, Geruisloze Zusterfusie
  • Capital, €1.992.674,68
  • Board composition, Vincent Boks (director and managing director)
  • Board composition, James Howe (director)
  • Board composition, Laura Therese Tackett (director)
  • Capital, €61.500
  • Board composition, Vincent Boks (director and managing director)
  • Board composition, Laura Therese Tackett (director)
  • Accounting effect, 01-01-2025
  • Real estate, none
  • Merger, NSF Euro Consultants
  • +2 further facts in this act
18-03
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 230 days late
2024
31-12
Financial Highest result since 2018net €537k ▲752%
Operating result €595k, net result €537k, both a record.
03-01
State Gazette act Registered office · Statutes amendment · Legal-form change
Reserve release · Statutes amendment · Capital6 facts ▸
  • General meeting, 26-12-2022
  • Reserve release, Omvorming van de statutair onbeschikbare eigenvermogensrekening in een beschikbare eigenvermogensrekening
  • Statutes amendment
  • Capital
  • Registered-office move, 1831 Machelen, De Kleetlaan 12A
  • Legal-form change, Besloten vennootschap
2023
31-12
Financial Weakest financial yearnet €63k ▼77.4%
Net result drops to €63k, the lowest in the series; recovery starts the following year.
19-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 80 days late
21-02
State Gazette act Resignations: Michael Walsh (director) and Hans Lankheit (director)
Appointment: Laura Tackett (director) · Mandate compensation6 facts ▸
  • General meeting, 12-01-2023
  • Director resignation, Michael Walsh (director)
  • Director appointment, Laura Tackett (director)
  • Mandate compensation, Laura Tackett
  • General meeting, 02-02-2023
  • Director resignation, Hans Lankheit (director)
2022
06-09
State Gazette act Appointment: Vincent Boks (director)
Mandate compensation5 facts ▸
  • General meeting, 11-08-2022
  • Director appointment, Vincent Boks (director)
  • Mandate compensation, Vincent Boks
  • Board meeting, 12-08-2022
  • Director appointment, Vincent Boks (persoon verantwoordelijk voor het dagelijks bestuur (gedelegeerd bestuurder))
23-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
09-05
State Gazette act Resignation: Christian Kurdy (bestuurder en persoon verantwoordelijk voor het dagelijks bestuur)
Power of attorney3 facts ▸
  • Board meeting, 22-04-2022
  • Director resignation, Christian Kurdy (bestuurder en persoon verantwoordelijk voor het dagelijks bestuur)
  • Power of attorney, NautaDutilh BV
Show earlier events
12-04
State Gazette act Reappointment: Deloitte Bedrijfsrevisoren (statutory auditor)
Appointment: Nico Houthaeve (representative) · Power of attorney4 facts ▸
  • General meeting, 01-04-2022
  • Auditor reappointment, Deloitte Bedrijfsrevisoren
  • Director appointment, Nico Houthaeve (representative)
  • Power of attorney, Mazars ALTOS BV
2021
31-12
Financial Equity above €2MEq €2.26M ▲22.1%
4 profitable years in a row build equity to €2.26M.
27-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
04-08
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 4 days late
07-07
State Gazette act Resignation: Tarik Bellahcene (director)
Appointments: Christian Kurdy (managing director) and Hans Lankheit (director)6 facts ▸
  • Board meeting, 17-06-2020
  • General meeting, 17-06-2020
  • Director resignation, Tarik Bellahcene (director)
  • Director appointment, Christian Kurdy (managing director)
  • Director appointment, Christian Kurdy (director)
  • Director appointment, Hans Lankheit (director)
2019
22-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
12-04
State Gazette act Reappointment: Deloitte Bedrijfsrevisoren/Réviseurs d'Entreprises BV CVBA (statutory auditor)
2 facts ▸
  • General meeting, 08-03-2019
  • Auditor reappointment, Deloitte Bedrijfsrevisoren/Réviseurs d'Entreprises BV CVBA
2018
07-11
State Gazette act Appointment: Michael Walsh (manager)
Mandate compensation · Power of attorney4 facts ▸
  • General meeting, 30-06-2018
  • Director appointment, Michael Walsh (manager)
  • Mandate compensation, Michael Walsh
  • Power of attorney, Mazars Accounting, Legal, Tax & Outsourcing Services
31-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
23-12
State Gazette act Reappointment: Deloitte Bedrijfsrevisoren / Réviseurs d'Entreprises BV CVBA (statutory auditor)
Mandate compensation3 facts ▸
  • General meeting, 29-10-2015
  • Auditor reappointment, Deloitte Bedrijfsrevisoren / Réviseurs d'Entreprises BV CVBA
  • Mandate compensation, Deloitte Bedrijfsrevisoren / Réviseurs d'Entreprises BV CVBA
08-05
State Gazette act Resignation: KL & CO BVBA (manager)
Mandate compensation3 facts ▸
  • General meeting, 05-12-2014
  • Director resignation, KL & CO BVBA (manager)
  • Mandate compensation, Tarik Bellahcene
2014
10-07
State Gazette act Registered office · Resignations & appointments
Registered-office move2 facts ▸
  • Board meeting, 27-05-2014
  • Registered-office move, Ikaroslaan 79, 1930 Zaventem
2012
18-06
State Gazette act Resignation: Koen Bontinck (manager)
Appointment: KL & Co (manager) · Permanent representative: Koen Bontinck · Mandate compensation5 facts ▸
  • General meeting, 11-05-2012
  • Director resignation, Koen Bontinck (manager)
  • Director appointment, KL & Co (manager)
  • Permanent representative, Koen Bontinck
  • Mandate compensation, KL & Co
30-01
State Gazette act Resignations: Robert James FERGUSON (manager) and Kevan Paul LAWLOR (manager)
Statutes amendment · Power of attorney7 facts ▸
  • General meeting, 28-12-2011
  • Statutes amendment
  • Power of attorney, Mazars Legal Services
  • Director resignation, Robert James FERGUSON (manager)
  • Director resignation, Kevan Paul LAWLOR (manager)
  • Board composition, Koen BONTINCK (non-statutory manager)
  • Board composition, Tarik BELLAHCENE (non-statutory manager)
2011
11-05
State Gazette act Appointment: Deloitte Bedrijfsrevisoren/Reviseurs d'Entreprises SC SCRL (statutory auditor)
2 facts ▸
  • General meeting, 30-06-2011
  • Auditor appointment, Deloitte Bedrijfsrevisoren/Reviseurs d'Entreprises SC SCRL (statutory auditor)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
3 directors, no change since 2023
Laura Tackett
Director · since 12-01-2023
Current
Vincent Boks
Persoon verantwoordelijk voor het dagelijks bestuur (gedelegeerd bestuurder) · since 11-08-2022
Current
KL & CO
Manager · since 15-05-2012 · Private limited company · perm. rep.: Koen Bontinck
Not recently confirmed
02-02-2023 Hans Lankheit: Resigned as Director
12-01-2023 Laura Tackett: Appointed as Director
22-11-2022 Michael Walsh: Resigned as Director
12-08-2022 Vincent Boks: Appointed as Persoon verantwoordelijk voor het dagelijks bestuur (gedelegeerd bestuurder)
11-08-2022 Vincent Boks: Appointed as Director
Full history in the Timeline (16 changes) →
Location & real-estate footprint
Registered office, Machelen (Brab.) · 1 establishment unit since 2008
establishment The establishment unit on the map
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.

De Kleetlaan 12A1831 Machelen (Brab.)
Ground area
6,880 m²
Building footprint
2,579 m²
Volume, LiDAR
54,692 m³
Parcel 23015B0091/00Y003, Flanders · tallest building 27.1 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
NSF Belgium
De Kleetlaan 12A, 1831 Machelen (Brab.)Other technical testing and analysis
since 20082.176.104.433
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23015B0091/00Y003 Flanders 6,880 m² 1 · 2,579 m² 27.1 m · 7 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.

Statutory auditor

1 auditor
VCLJ BEDRIJFSREVISORENCurrent
Statutory auditor · represented by KILIAN Patrick
02-09-2025 → present
Show 1 earlier auditors
Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises
Auditor
succeeded by VCLJ BEDRIJFSREVISOREN in 2025
30-06-2011 → 02-09-2025

Articles of association

Purpose
De vennootschap heeft tot voorwerp, zowel voor eigen rekening als voor rekening van derden, in België als in het buitenland, voor zover daartoe de eventuele vergunningen en/of…
Full purpose

De vennootschap heeft tot voorwerp, zowel voor eigen rekening als voor rekening van derden, in België als in het buitenland, voor zover daartoe de eventuele vergunningen en/of erkenningen voor handen zijn, alle activiteiten en diensten die betrekking hebben op de certificatie, de bescherming, de veiligheid en de kwaliteit van de volksgezondheid; het ontwikkelen van procedures, zij het vrijwillig of bij wet opgelegd, die tot doel hebben: het auditen en certificeren van de conformiteit van systemen, producten en personen aan inteme regels, normen, standaarden of referentiekaders zoals management systemen standaarden; van alle systemen die tot doel hebben om de kwaliteit, de gezondheid, de voedselveiligheid, de veiligheid, de omgeving, de duurzaamheid en de sociale verantwoordelijkheden, dewelke gebruikt worden in de industrie, de handel, de distributie, de dienstverlening alsook de accreditatie en de certificatie van personeel: de implementatie van alle noodzakelijke handelingen betreffende het meten, het ontbinden, het controleren, het verifiëren, het auditen en het evalueren; - het afleveren van auditverslagen en/of conformiteitsattesten (of eender welke gelijkaardige documenten) voor systemen, producten en personen met de regels, normen, standaarden of referentiekaders waarvan hierboven sprake is en die deel uitmaken van de interventies. Zij mag alle handels-, industriële en financiële activiteiten en alle onroerend en roerend goed verrichtingen uitvoeren, die rechtstreeks of onrechtstreeks verband houden met haar voorwerp of die kunnen bijdragen tot haar ontwikkeling. De vennootschap zal de leiding en de controle, in haar hoedanigheid van bestuurder, vereffenaar of anderszins, kunnen uitoefenen over, en advies verschaffen aan aanverwante ondernemingen en dochtervennootschappen. De vennootschap mag, bij wijze van inbreng in speciën of in natura, fusie, onderschrijving, deelneming, financiële tussenkomst of anderszins, belangen nemen in andere bestaande of op te richten vennootschappen of ondernemingen, in België of in het buitenland, waarvan het voorwerp verwant of analoog is met het hare of van aard is haar voorwerp te bevorderen. Zij mag ook alle leningen toestaan of leningen, door derden aan aanverwante vennootschappen toegestaan, waarborgen.

Structure & network

Acquisitions and mergers

1 transaction
Taken over by:NSF Euro Consultants
BE 0440.521.936silent merger · proposal · State Gazette act of 25-03-2025 (2 acts) · effective 12-03-2025

Capital and shareholders

Capital over the years
  1. 25-03-2025 Capital stated in the act · 61,500 EUR · 100 shares
  2. 03-01-2024 Capital stated in the act · 100 shares

Similar companies · same sector, comparable size

Of 4,567 companies in sector 74999 we hold annual accounts for 1,938. 402 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded07-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.