NSF Immo
ActiveSummary
NSF Immo has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €257,122 and a net result of €13,453. Equity is growing by ~25.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability59▼-19
Solvency72▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.24 in 2023; short-term debt: 38.6% and cash: 7% of total assets), and 52.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
31 d early
2023
12 d early
2022
40 d early
2021
30 d early
2020
45 d late
2019
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 11 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
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. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€257,122▲ 5.5%
2023 · €243,669
Total assets
€544,830▼ 3.4%
2023 · €564,280
Net result
€13,453▼ 68.2%
2023 · €42,288
Working capital
-€170,982▼ 7.0%
2023 · -€159,743
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€73,834▲ 5.7%€71,231▼ 3.5%€74,339▲ 4.4%€71,204▼ 4.2%€27,972▼ 60.7%
Net result€39,592▲ 1.2%€40,245▲ 1.6%€42,344▲ 5.2%€42,288▼ 0.1%€13,453▼ 68.2%
Equity€118,792▲ 50.0%€159,037▲ 33.9%€201,381▲ 26.6%€243,669▲ 21.0%€257,122▲ 5.5%
Total assets€545,511▲ 0.1%€534,136▼ 2.1%€556,217▲ 4.1%€564,280▲ 1.4%€544,830▼ 3.4%
Debt€426,719▼ 8.4%€375,099▼ 12.1%€354,836▼ 5.4%€320,611▼ 9.6%€287,707▼ 10.3%
Working capital-€40,563▲ 9.3%-€37,241▲ 8.2%-€173,588▼ 366%-€159,743▲ 8.0%-€170,982▼ 7.0%
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 has fallen two years in a row; 2024 is 61% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €544,830
Fixed assets
€505,521 ▼ 1.6%
Current assets
€39,309 ▼ 22.5%
Equity and liabilities €544,830
Equity
€257,122 ▲ 5.5%
Debt
€287,707 ▼ 10.3%
Debt's share of the balance-sheet total falls from 56.8% to 52.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36,040▼
2023 · €79,144
Cash flow
€21,521▼
2023 · €50,228
Current ratio
0.19▼
2023 · 0.24
Debt to equity
1.12▼
2023 · 1.32
ROE
5.2%▼
2023 · 17.4%
ROA
2.5%▼
2023 · 7.5%
Interest coverage
4.47▼
2023 · 8.65
Debt ≤ 1 year
€210,291▼
2023 · €210,434
Debt > 1 year
€77,135▼
2023 · €105,564
Income taxes
€6,457▼
2023 · €19,771
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,284 | €7,284 | €7,284 | €7,940 | €8,068 | ▲ 1.6% |
| Other operating charges640/8 | - | €699 | €1,653 | €1,275 | €1,231 | ▼ 3.4% |
| Gross operating margin9900 | €82,013 | €79,214 | €83,276 | €80,419 | €37,271 | ▼ 53.7% |
| Operating profit (loss)9901 | €73,834 | €71,231 | €74,339 | €71,204 | €27,972 | ▼ 60.7% |
| Financial charges65/66B | - | €12,205 | €12,166 | €9,145 | €8,062 | ▼ 11.8% |
| Recurring financial charges65 | €15,766 | €12,205 | €12,166 | €9,145 | €8,062 | ▼ 11.8% |
| Profit (loss) for the period before taxes9903 | €58,068 | €59,026 | €62,173 | €62,059 | €19,910 | ▼ 67.9% |
| Income taxes67/77 | €18,476 | €18,781 | €19,828 | €19,771 | €6,457 | ▼ 67.3% |
| Profit (loss) for the period9904 | €39,592 | €40,245 | €42,344 | €42,288 | €13,453 | ▼ 68.2% |
| Profit (loss) for the period to be appropriated9905 | €39,592 | €40,245 | €42,344 | €42,288 | €13,453 | ▼ 68.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €545,511 | €534,136 | €556,217 | €564,280 | €544,830 | ▼ 3.4% |
| Fixed assets21/28 | €526,850 | €519,566 | €512,282 | €513,588 | €505,521 | ▼ 1.6% |
| Tangible fixed assets22/27 | €239,850 | €232,566 | €225,282 | €226,588 | €218,521 | ▼ 3.6% |
| Land and buildings22 | - | €232,566 | €225,282 | €217,998 | €210,855 | ▼ 3.3% |
| Furniture and vehicles24 | - | - | - | €8,591 | €7,666 | ▼ 10.8% |
| Financial fixed assets28 | €287,000 | €287,000 | €287,000 | €287,000 | €287,000 | = |
| Current assets29/58 | €18,661 | €14,570 | €43,935 | €50,691 | €39,309 | ▼ 22.5% |
| Amounts receivable within one year40/41 | €1,483 | €0 | - | - | - | - |
| Other amounts receivable41 | - | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €16,343 | €13,693 | €42,958 | €50,691 | €38,009 | ▼ 25.0% |
| Deferred charges and accrued income490/1 | - | €877 | €977 | €0 | €1,300 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €545,511 | €534,136 | €556,217 | €564,280 | €544,830 | ▼ 3.4% |
| Equity10/15 | €118,792 | €159,037 | €201,381 | €243,669 | €257,122 | ▲ 5.5% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €41,452 | €81,697 | €124,041 | €166,329 | €179,783 | ▲ 8.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €79,837 | €122,181 | €166,329 | €179,783 | ▲ 8.1% |
| Profit (loss) carried forward14 | €71,140 | €71,140 | €71,140 | €71,140 | €71,140 | = |
| Amounts payable17/49 | €426,719 | €375,099 | €354,836 | €320,611 | €287,707 | ▼ 10.3% |
| Amounts payable after more than one year17 | €363,940 | €320,057 | €132,872 | €105,564 | €77,135 | ▼ 26.9% |
| Financial debts170/4 | - | €320,057 | €132,872 | €105,564 | €77,135 | ▼ 26.9% |
| Amounts payable within one year42/48 | €59,225 | €51,811 | €217,523 | €210,434 | €210,291 | ▼ 0.1% |
| Current portion of amounts payable after more than one year42 | - | €45,939 | €28,375 | €29,534 | €30,747 | ▲ 4.1% |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Trade debts44 | €284 | €691 | €1,413 | €425 | €372 | ▼ 12.5% |
| Suppliers440/4 | - | €691 | €1,413 | €425 | €372 | ▼ 12.5% |
| Taxes, remuneration and social security45 | - | €4,781 | €12,110 | €4,771 | €3,457 | ▼ 27.5% |
| Taxes450/3 | - | €4,781 | €12,110 | €4,771 | €3,457 | ▼ 27.5% |
| Other amounts payable47/48 | - | €400 | €175,625 | €175,704 | €175,715 | = |
| Accrued charges and deferred income492/3 | - | €3,231 | €4,441 | €4,612 | €281 | ▼ 93.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,592 | €40,245 | €42,344 | €42,288 | €13,453 | ▼ 68.2% |
| + Depreciation and write-downs630 | €7,284 | €7,284 | €7,284 | €7,940 | €8,068 | ▲ 1.6% |
| Operating cash flow (approximation) | €46,876 | €47,529 | €49,628 | €50,228 | €21,521 | ▼ 57.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€9,247 | €0 | ▲ 100% |
| Change in cash | - | -€2,650 | €29,265 | €7,733 | -€12,683 | ▼ 264% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €13,453 ▼68.2%
Net result drops to €13,453, the lowest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €42,344 ▲5.2%
Operating result €74,339, net result €42,344, both a record.
31-12
Financial
Equity above €200,000Eq €201,381 ▲26.6%
5 profitable years in a row build equity to €201,381.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150,000Eq €159,037 ▲33.9%
4 profitable years in a row build equity to €159,037.
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 45 days late
2020
31-12
Financial
Equity above €100,000Eq €118,792 ▲50%
3 profitable years in a row build equity to €118,792.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
Show earlier events
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Zaventem · 1 establishment unit since 2006
Ground area
964 m²
Building footprint
238 m²
Volume, LiDAR
1,900 m³
2 parcels, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
NSF Immo
since 20062.157.425.203
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23082B0051/00K008 | Flanders | 836 m² | 1 · 110 m² | 10.9 m · 2 fl. |
| 23094D0355/00N000 | Flanders | 128 m² | 1 · 128 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
25.91%
According to the 2024 annual accounts of NSF Immo and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company
Founded08-09-2006
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0883419679
Also
9925:BE0883419679
Registered
19-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.