Debts
€91,252 85% of the balance sheet
NSL Projects
Lifetime
2 annual accounts with figures on one time axispeak €50,710 (2025)
€50,710▲ 218%
peak €11,274 (2024)
€1▼ 100.0%
peak €16,275 (2025)
€16,275unchanged
€91,252▲ 155%
Board4 names since 2023
3 directors and 2 others
Owners
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €15,959 to €50,710Result from €11,274 to €11 director appointed, 1 resignation 25-02Debts from €35,773 to €91,252Cash from €33,369 to €90,680
Key points
from the 2025 annual accountsBoard
1 joined · 2 left
Board changed. Latest change 27-05-2026 · 1 in office.
Position in the sector
15.1%
Lower solvency than 82% of companies in specialised construction. Sector median 46.8% · 37,271 companies.
2025 accounts filed 31 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,545 companies had the same profile as NSL Projects has now. Each dot stands for 7 companies, two years later.
94.8%
were still trading
1.3%
stopped another way
3.5%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,545 companies, not a prediction for NSL Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director
- 50 sharesdeed of 10-05-2023
- 50 sharesdeed of 10-05-2023
Recent changes
Company renamed from SEALFLEX to NSL Projects
Registered office moved from Zwalm to Opwijk · New registered office: Steenweg op Merchtem 104 1745 Opwijk · Previous registered office: Heufkensstraat 83 9630 Zwalm · General meeting of 22-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0801526143
1 director appointed, 1 resignation
Resignation: · Permanent representative: · Appointment: · General meeting of 28-01-2025 · Gazette deed
Incorporation
Founding capital of €5,000, 100 shares · Founders: and · Appointments: (director) and (director) · published on 10-05-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NSL Projects Opwijk | €107,526 | €50,710 | 15.1% | - |
| CDL Isolation & Crépi Boussu | €104,913 | €43,752 | 50.2% | - |
| AS Isolation Blegny | €124,916 | €57,154 | 22.3% | - |
| T.H CONSTRUCT Opwijk | €82,390 | €46,121 | 93.6% | - |
| Profill Kampenhout | €141,421 | €62,557 | 73.4% | - |
| SKY HIGH Wezembeek-Oppem | €82,332 | €48,455 | 44.0% | - |
| IEC FAÇADE Wemmel | €89,309 | €66,828 | 51.8% | - |
These companies have the same main activity as NSL Projects: insulation installation (NACE 43230). They are comparable in size and age: total assets between €82,300 and €141,000, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 08-05-2023Normal situation
- Activity
- Insulation installationNACE 43230
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.345.200.4749630 Zwalm, since 08-05-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Annual accounts 2025
- ≈ €200,000estimated
- €107,526▲ 107%
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 31-08-2026
Insights on NSL Projects
The 2025 annual accounts show equity of €16,275 and a net result of €1. Its solvency ranks better than 18% of 37,271 sector peers (NACE 43, financial year 2025).
The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NSL Projects
- What is the company number of NSL Projects?
- The company number of NSL Projects is 0801.526.143. The VAT number is the same number with BE in front: BE 0801.526.143.
- Where is NSL Projects based?
- The registered office is at Stwg. op Merchtem 104, 1745 Opwijk.Company details
- What does NSL Projects do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of NSL Projects?
- NSL Projects is a private limited company (BV).
- When was NSL Projects founded?
- NSL Projects was founded on 08-05-2023.
- Is NSL Projects still active?
- Yes, NSL Projects is an active enterprise in the KBO register.
- How many employees does NSL Projects have?
- NSL Projects had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does NSL Projects fall under?
- In its 2025 annual accounts, NSL Projects states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of NSL Projects?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €50,710 and 115 comparable companies (NACE 432). It probably lies between €140,000 and €290,000.
- Is NSL Projects profitable?
- In financial year 2025, NSL Projects made a profit of €1.
- Where can I find the annual accounts of NSL Projects?
- NSL Projects filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NSL Projects due?
- NSL Projects must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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