Equity
-€34,544
Debts exceed assets in financial year 2024.
NSYSE
Lifetime
2 annual accounts with figures on one time axispeak €110,046 (2024)
€110,046▲ 125%
lowest -€39,638 (2024)
-€39,638▼ €41,733
peak €5,094 (2023)
-€34,544▼ €39,638
€178,230▲ 32.8%
Board3 names since 2023
1 directorHorrent Coramie
Documentsfilings and deeds
10-12-2025132 days late
2024micro format
Gross margin from €48,938 to €110,046Loss of €39,638Equity from €5,094 to -€34,544Debts from €134,168 to €178,230Investments €16,006Cash from €50,224 to €15,077
Key points
from the 2024 annual accountsTurnover
≈ €330,000 estimated
The micro format states no turnover.
Debts
€178,230 124% of the balance sheet
Suppliers 45%Taxes and wages 16%Other 39%
Of this, €178,105 falls due within a year.
Investments
€16,006 3.6 × depreciation
Green is investment, beige is depreciation.
Board
1 joined · 1 left
Board changed. Latest change 02-04-2026 · 2 in office.
Position in the sector
-€39,638
Lower net result than 94% of companies in retail trade. Sector median €4,566 · 25,532 companies.
2025 accounts not filed, 102 days past the deadline
Checked score
32
Weak
Financially stronger than 8% of micro companies in retail trade (NACE 47)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
7.3% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.9%
01-2025: 1.8%▼ -0.1 percentage points vs 12-2024lowest value
02-2025: 1.9%▲ +0.1 percentage points vs 01-2025
03-2025: 1.9%● unchanged vs 02-2025
04-2025: 2.0%▲ +0.1 percentage points vs 03-2025
05-2025: 2.0%● unchanged vs 04-2025
06-2025: 1.9%▼ -0.1 percentage points vs 05-2025
07-2025: 1.9%● unchanged vs 06-2025
08-2025: 2.6%▲ +0.7 percentage points vs 07-2025
09-2025: 3.0%▲ +0.4 percentage points vs 08-2025
10-2025: 4.2%▲ +1.2 percentage points vs 09-2025
11-2025: 4.3%▲ +0.1 percentage points vs 10-2025
12-2025: 5.4%▲ +1.1 percentage points vs 11-2025
01-2026: 5.7%▲ +0.3 percentage points vs 12-2025
02-2026: 5.7%● unchanged vs 01-2026
03-2026: 5.7%● unchanged vs 02-2026
04-2026: 5.8%▲ +0.1 percentage points vs 03-2026
05-2026: 5.6%▼ -0.2 percentage points vs 04-2026
06-2026: 5.3%▼ -0.3 percentage points vs 05-2026
07-2026: 5.3%● unchanged vs 06-2026
08-2026: 5.9%▲ +0.6 percentage points vs 07-2026
09-2026: 6.2%▲ +0.3 percentage points vs 08-2026
10-2026: 7.3%▲ +1.1 percentage points vs 09-2026highest value
11-2026: 7.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 132 days late; 2 of the last 3 accounts late
Figures for financial year 2024 (filed on 10-12-2025)
Founded in 2023
Loss of €39,638 (financial year 2024)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 13% of them on solvency, 13% on liquidity, 6% on profitability and 1% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as NSYSE has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NSYSE itself: 7.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 7,639 companies, not a prediction for NSYSE. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.6 (0.85 in 2023), below 1. Short-term debt is 124% and cash 10.5% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2324
2023 to 2024 · latest year -€34,544
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 2 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 132 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-12-2025, 132 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
132 days late
2023
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 82 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- Kaplan Mustafa 90 sharesdeed of 02-04-2026
- Horrent Coraliedeed of 02-04-2026
- Kaplan Serder 10 sharesdeed of 02-04-2026
Recent changes
Transfer of 10 shares from Horrent Coralie to Kaplan Serder
Resignation: Horrent Coralie (director) · Appointment: Kaplan Serder (director) · Kaplan Mustafa holds 90 shares · General meeting of 02-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0798945844
Appointment: Horrent Coramie (director)
General meeting of 30-06-2023 · Gazette deed
First establishment
Avenue de Maire 100, Tournai
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NSYSE Tournai | €143,686 | €110,046 | -24.0% | - |
| KEFERBI Retail Ottignies-Louvain-la-Neuve | €103,414 | €88,359 | 13.7% | - |
| Maison Mima Antwerp | €134,375 | €72,887 | 41.1% | - |
| JACA RETAIL Uccle | €194,249 | €161,466 | -0.8% | - |
| SBJM Chaudfontaine | €233,898 | €116,373 | -24.7% | - |
| ‘t SPROOKJESBOS Aalter | €170,543 | €45,208 | 39.1% | - |
| Milalicious Herentals | €172,753 | €36,477 | 41.9% | - |
These companies have the same main activity as NSYSE: retail trade (NACE 47713). They are comparable in size and age: total assets between €103,000 and €234,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 28-02-2023Normal situation
- Activity
- Retail tradeNACE 47713and 1 other
- Establishment unit
- 2.344.473.8657500 Tournai, since 01-05-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 05-12-2025
Insights on NSYSE
The computed 12-month bankruptcy probability of NSYSE is 7.3% (elevated). The 2024 annual accounts show negative equity (-€34,544) and a net result of -€39,638.
Its solvency ranks better than 15% of 25,554 sector peers (NACE 47, financial year 2024). 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 NSYSE
- What is the company number of NSYSE?
- The company number of NSYSE is 0798.945.844. The VAT number is the same number with BE in front: BE 0798.945.844.
- Where is NSYSE based?
- The registered office is at Avenue de Maire 100, 7500 Tournai.Company details
- What does NSYSE do?
- According to the KBO register, the main activity is retail trade (NACE 47713).
- What is the legal form of NSYSE?
- NSYSE is a private limited company (BV).
- When was NSYSE founded?
- NSYSE was founded on 28-02-2023.
- Is NSYSE still active?
- Yes, NSYSE is an active enterprise in the KBO register.
- What is the turnover of NSYSE?
- The turnover in financial year 2024 is ≈ €330,000. This figure is estimated from the gross margin of €110,046 and 31 comparable companies (NACE 477). It probably lies between €230,000 and €630,000.Financials
- Is NSYSE profitable?
- In financial year 2024, NSYSE made a loss of €39,638.
- Where can I find the annual accounts of NSYSE?
- NSYSE filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.