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NSW

Active
Private limited companyfounded 20251 yr activeVijfstraten 161, 9100 Sint-Niklaas, BelgiumKBO/BCE: BE 1025.281.189
Summary

The computed 12-month bankruptcy probability of NSW is 2.5% (moderate). The 2025 annual accounts show equity of €4,034 and a net result of -€966. The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency91
Growth-
Track record67
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
66.3%
Return on assets
-15.9%
Age of the figures
9 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 10-07-2026, 21 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
21 d early
← 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

History

NSW was incorporated on 8 July 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€4,034
Total assets
€6,088
Net result
-€966
Working capital
€4,034

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Equity and liabilities €6,088
Equity €4,034
Debt €2,055
Debt finances 33.7% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
2.96
Debt to equity
0.51
ROE
-24.0%
ROA
-15.9%
Debt ≤ 1 year
€2,055
Staff costs
€147

Peer companies

Historical observation

Of the 584 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.2% went bankrupt
6.0% stopped otherwise
92% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 584 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 24 lines
Balance sheet Code2025
Assets
Total assets20/58€6,088
Current assets29/58€6,088
Amounts receivable within one year40/41€3,151
Trade receivables40€3,151
Cash at bank and in hand54/58€2,938
Equity and liabilities
Total equity and liabilities10/49€6,088
Equity10/15€4,034
Contributions10/11€5,000
Profit (loss) carried forward14-€966
Amounts payable17/49€2,055
Amounts payable within one year42/48€2,055
Trade debts44€1,392
Suppliers440/4€1,392
Other amounts payable47/48€662
Income statement Code2025
Remuneration, social security and pensions62€147
Other operating charges640/8€50
Gross operating margin9900-€678
Operating profit (loss)9901-€876
Financial charges65/66B€91
Recurring financial charges65€91
Profit (loss) for the period before taxes9903-€966
Profit (loss) for the period9904-€966
Profit (loss) for the period to be appropriated9905-€966
Appropriation of the result
Profit (loss) to be appropriated9906-€966

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€147
Other operating charges640/8€50
Gross operating margin9900-€678
Operating profit (loss)9901-€876
Financial charges65/66B€91
Recurring financial charges65€91
Profit (loss) for the period before taxes9903-€966
Profit (loss) for the period9904-€966
Profit (loss) for the period to be appropriated9905-€966
Line2025
Assets
Total assets20/58€6,088
Current assets29/58€6,088
Amounts receivable within one year40/41€3,151
Trade receivables40€3,151
Cash at bank and in hand54/58€2,938
Equity and liabilities
Total equity and liabilities10/49€6,088
Equity10/15€4,034
Contributions10/11€5,000
Profit (loss) carried forward14-€966
Amounts payable17/49€2,055
Amounts payable within one year42/48€2,055
Trade debts44€1,392
Suppliers440/4€1,392
Other amounts payable47/48€662
Line2025
Profit (loss) for the period9904-€966
Operating cash flow (approximation)-€966

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
10-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Sint-Niklaas · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
1,589 m²
Building footprint
172 m²
Volume, LiDAR
1,172 m³
Parcel 46447B0751/00K003, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
NSW
Vijfstraten 161, 9100 Sint-NiklaasHuman health activities
since 20252.375.856.632
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46447B0751/00K003 Flanders 1,589 m² 1 · 172 m² 11.6 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded08-07-2025
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:1025281189
Also 9925:BE1025281189
Registered 31-03-2026

Register as of 27 September 2026 · Peppol Directory

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