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NSX

Active
Private limited companyfounded 201015 yrs activeRue de Spontin 5, 5501 Dinant, BelgiumKBO/BCE: BE 0830.214.387

NSX has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €697k and a net result of €400k. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 13908 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
51 / 100
Fair= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+28
Solvency7▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.52 against 0.31 in 2024), and 90.1% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
9.9%
Return on assets
5.7%
Age of the figures
8 mo
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
elevated failure risk from 2 to 8 years 15 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
56 d early
2024
29 d late
2023
30 d late
2022
7 d early
2021
3 d late
2020
27 d late
2019
209 d late
← before the deadline after the deadline →
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.
Companies Code · seven months
Position in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
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 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€400k▲ 556%
2024 · €61k
2019: €52k 2020: €78k 2021: €15k 2022: €89k 2023: €40k 2024: €61k
2019 → 2025
Working capital
€-700k▲ 15.9%
2024 · €-832k
2019: €-76k 2020: €-69k 2021: €-159k 2022: €-150k 2023: €-146k 2024: €-832k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€235k-€324k▲ 37.6%€364k▲ 12.3%€425k▲ 16.8%€697k▲ 64.1%
Operating result€93k-€205k▲ 121%€133k▼ 35.0%€177k▲ 32.8%€748k▲ 323%
Net result€15k-€89k▲ 478%€40k▼ 55.0%€61k▲ 53.2%€400k▲ 556%
Result per fiscal year
Operating resultNet result
€0€200k€400k€600k€800kOperating result 2021: €93k€93kNet result 2021: €15k€15kOperating result 2022: €205k€205kNet result 2022: €89k€89kOperating result 2023: €133k€133kNet result 2023: €40k€40kOperating result 2024: €177k€177kNet result 2024: €61k€61kOperating result 2025: €748k€748kNet result 2025: €400k€400k20212022202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 323% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.06M
Fixed assets €6.30M▲ 24.3%
Current assets €758k▲ 98.3%
Equity and liabilities €7.06M
Equity €697k▲ 64.1%
Provisions €69k▲ 193%
Debt €6.29M▲ 25.8%
The debt ratio falls from 91.8% to 89.1%: equity grows faster than debt.
Key figures and ratios
2025 value · change against 2024
EBITDA
€939k
2024 · €342k
Cash flow
€591k
2024 · €226k
Solvency
9.9%
2024 · 7.8%
Current ratio
0.52
2024 · 0.31
Quick ratio
0.52
2024 · 0.31
Debt / equity
9.03
2024 · 11.77
ROE
57.4%
2024 · 14.4%
ROA
5.7%
2024 · 1.1%
Interest coverage
6.46
2024 · 4.01
Debt
€6.29M
2024 · €5.00M
Debt ≤ 1 year
€1.46M
2024 · €1.21M
Debt > 1 year
€4.81M
2024 · €3.79M
Income taxes
€158k
2024 · €32k
Staff costs
€48k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€5.45M€7.06M
Fixed assets21/28€5.07M€6.30M
Tangible fixed assets22/27€5.07M€5.10M
Land and buildings22€5.06M€5.01M
Furniture and vehicles24€11k€92k
Financial fixed assets28€450€1.20M
Current assets29/58€382k€758k
Amounts receivable within one year40/41€373k€280k
Trade receivables40€191k€225k
Other amounts receivable41€182k€55k
Cash at bank and in hand54/58€1k€470k
Deferred charges and accrued income490/1€8k€8k
Equity and liabilities
Total equity and liabilities10/49€5.45M€7.06M
Equity10/15€425k€697k
Contributions10/11€6k€6k=
Reserves13€301k€572k
Tax-exempt reserves132€94k€230k
Distributable reserves133€207k€341k
Profit (loss) carried forward14€118k€119k
Provisions and deferred taxes16€24k€69k
Deferred taxes168€24k€69k
Amounts payable17/49€5.00M€6.29M
Amounts payable after more than one year17€3.79M€4.81M
Financial debts170/4€3.79M€4.81M
Amounts payable within one year42/48€1.21M€1.46M
Current portion of amounts payable after more than one year42€229k€301k
Financial debts43€10k-
Credit institutions430/8€10k-
Trade debts44€271k€298k
Suppliers440/4€271k€298k
Taxes, remuneration and social security45€57k€208k
Taxes450/3€57k€202k
Remuneration and social security454/9-€6k
Other amounts payable47/48€647k€651k
Accrued charges and deferred income492/3€150€20k
Income statement Code20242025
Non-recurring operating income76A€3k€186k
Remuneration, social security and pensions62-€48k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€165k€191k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-50k-
Other operating charges640/8€9k€58k
Non-recurring operating charges66A-€14k
Gross operating margin9900€301k€1.06M
Operating profit (loss)9901€177k€748k
Financial income75/76B€281€1k
Recurring financial income75€281€1k
Financial charges65/66B€85k€145k
Recurring financial charges65€85k€145k
Profit (loss) for the period before taxes9903€92k€604k
Transfer from deferred taxes780€782€782=
Transfer to deferred taxes680-€46k
Income taxes67/77€32k€158k
Profit (loss) for the period9904€61k€400k
Transfer from tax-exempt reserves789€3k€3k=
Transfer to tax-exempt reserves689-€139k
Profit (loss) for the period to be appropriated9905€64k€264k
Appropriation of the result
Profit (loss) to be appropriated9906€181k€382k
Profit (loss) brought forward from the previous period14P€116k€118k
Transfer from equity791/2-€128k
Transfer to equity691/2€63k€263k
To other reserves6921€63k€263k
Profit to be distributed694/7-€128k
Return on contributions (dividend)694-€128k

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
05-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2019net €400k ▲556%
Operating result €748k, net result €400k, both a record.
31-12
Financial Equity above €500kEq €697k ▲64.1%
7 profitable years in a row build equity to €697k.
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
24-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
03-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
31-03
Financial Weakest financial yearnet €15k ▼80.4%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
2020
27-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
27-05
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 209 days late
31-03
Financial Equity above €200kEq €261k ▲42.8%
2 profitable years in a row build equity to €261k.
2019
10-04
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 161 days late
29-03
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 514 days late
2017
01-02
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 93 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
5 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, Dinant · 1 establishment unit since 2010
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.

Rue de Spontin 55501 Dinant
Ground area
9,774 m²
Building footprint
20 m²
Volume, LiDAR
107 m³
Parcel 91081C0206/00M000, Wallonia · tallest building 13.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NSX
Rue de Spontin 5, 5501 DinantActivities auxiliary to financial services and insurance activities
since 20102.193.479.212
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
91081C0206/00M000 Wallonia 9,774 m² 1 · 20 m² 13.8 m · 1 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.

Similar companies · same sector, comparable size

Of 9,633 companies in sector 68121 we hold annual accounts for 7,327. 4,345 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded07-10-2010
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68321Property management for co-owned buildings (syndics)
68322Real estate activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry
Phone:0473873147
Establishment Dinant 2.193.479.212