Overdue debts
€38,102 on 30-06-2025
The annual accounts state €38,102 of overdue social security (RSZ) debts on 30-06-2025.
NuSect
Lifetime
19 annual accounts with figures on one time axis, 25 filings since 2001peak €472,948 (2016)
€62,458▼ 82.5%
lowest -€301,358 (2025)
-€301,358▼ €379,912
peak €726,907 (2024)
€425,548▼ 41.5%
€1.3m▼ 3.1%
peak 8 FTE (2018)
5.3 FTE▲ 8.2%
Board2 names since 2022
2 directorsMAROY ALEXANDER BV and 1 other
Owners3 names in the annual accounts
54.99%Maroy Alexander and 1 other
Documentsfilings and deeds
19-01-202612 days before the deadline
2025abbreviated format
Gross margin from €357,667 to €62,458Loss of €301,358Staff from 4.9 FTE to 5.3 FTEEquity from €726,907 to €425,548Cash from €207,273 to €46,855
Key points
from the 2025 annual accountsEquity
€425,548 from €726,907 in 2024
Equity fell by 41% in 1 year.
Result
-€301,358 -€301,358
From profit to loss in 2025, after a profit of €78,554 in 2024.
Debts
€1.3m 75% of the balance sheet
Financial debts 25%Suppliers 37%Taxes and wages 7%Other 32%
€100,000 of the debts are secured on the company's own assets. In 2022 that was €181,731.
Staff
5.3 FTE from 8 in 2018
Between 2018 and 2025, 34% of the full-time equivalents disappeared.
Position in the sector
-€301,358
Lower net result than 95% of companies in crop and animal production. Sector median €50,877 · 2,075 companies.
Checked score
62
Healthy
Financially stronger than 16% of micro companies in crop and animal production (NACE 01)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 5,696 companies (NACE 01, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.6%▲ +0.1 percentage points vs 12-2024
02-2025: 0.1%▼ -0.5 percentage points vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.2%▲ +0.1 percentage points vs 12-2025
02-2026: 1.2%▲ +1.0 percentage point vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 1.2%● unchanged vs 07-2026
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 1.3%▲ +0.1 percentage points vs 09-2026highest value
11-2026: 1.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €301,358 (financial year 2025)
Liquidity: current ratio 1.31, cash €46,855, halved
Size: 5.3 FTE, total assets €1.7m
lowers risk
Sector: Crop and animal production, hunting and related service activities (NACE 01)
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 01, micro). It does better than 39% of them on solvency, 12% on liquidity, 4% on profitability and 9% on growth.
The bankruptcy probability was computed on 08-11-2026 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 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 1,221 companies had the same profile as NuSect has now. Each dot stands for 4 companies, two years later.
88.6%
were still trading
7.4%
stopped another way
3.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NuSect itself: 1.3% 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 1,221 companies, not a prediction for NuSect. 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
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.31 (1.55 in 2024), below the usual 1.5. Short-term debt is 73.5% and cash 2.8% of total assets. 74.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-01-2026, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
12 days early
2024
1 day early
2023
15 days early
2022
25 days early
2021
25 days early
2020
41 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 16 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end08-11-2026 today31-01-2027 deadline
Board and ownership
- CAVAHOLD 100%score 89equity €34.9m (2025) · 2025 annual accounts of CAVAHOLD
- Maroy Alexander 54.99%equity -€233,819 (2025) · 30-06-2025 annual accounts of Maroy Alexander
- AVECOM 22.5%score 96equity €1.4m (2025) · 2025 annual accounts of AVECOM
Recent changes
Appointment: BV OXIDAAN (director)
Permanent representative: Stijn Boeren · General meeting of 06-09-2024 · Gazette deed
First establishment
Gaversstraat 23, Deerlijk
Incorporation
published on 07-04-2000 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NuSect Deerlijk | €1.7m | €62,458 | 25.1% | 5.3 |
| TAVEIRNE VEEBEDRIJF Wingene | €1.5m | €89,546 | 11.9% | - |
| STAL NAESSENS Horebeke | €1.3m | €224,072 | 21.5% | 3 |
| VANDE WAETERE M & P Veurne | €1.8m | €80,559 | 14.5% | - |
| RODIMA Ledegem | €0.8m | €247,410 | 29.2% | 2.4 |
| Alpaca Flanders Wervik | €2.1m | €533,447 | 37.1% | 4.6 |
| JALCOS Aartselaar | €3.2m | €404,086 | -83.2% | 5.8 |
These companies have the same main activity as NuSect: raising of other animals (NACE 01480). They are comparable in size and age: total assets between €823,000 and €3.2m, founded between 1993 and 2011.
Official details
Source: KBO- Status
- Active since 29-03-2000Normal situation
- Activity
- Raising of other animalsNACE 01480and 6 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 144Agriculture · annual accounts 30-06-2025
- Establishment unit
- 2.178.753.7218540 Deerlijk, since 01-12-2000
- Financial year end
- 30 June
- Peppol
- Reachable
Annual accounts to 30-06-2025
- ≈ €180,000estimated
- €1.7m▼ 16.8%
- Employeeson 30-06-2025
- 6▲ 20.0%
- Filing
- Filed on 19-01-2026, 12 days before the end of the filing period
Insights on NuSect
NuSect files the abbreviated format. That format states no turnover. The gross margin rose from €18,083 in 2007 to €62,458 in 2025.
CAVAHOLD holds all the shares.
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 NuSect
- What is the company number of NuSect?
- The company number of NuSect is 0471.519.374. The VAT number is the same number with BE in front: BE 0471.519.374.
- Where is NuSect based?
- The registered office is at Gaversstraat 23, 8540 Deerlijk.Company details
- What does NuSect do?
- According to the KBO register, the main activity is raising of other animals (NACE 01480).
- What is the legal form of NuSect?
- NuSect is a private limited company (BV).
- When was NuSect founded?
- NuSect was founded on 29-03-2000.
- Is NuSect still active?
- Yes, NuSect is an active enterprise in the KBO register.
- How many employees does NuSect have?
- NuSect had an average of 5.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does NuSect fall under?
- In its 30-06-2025 annual accounts, NuSect states joint committees 200 (Auxiliary committee for white-collar workers) and 144 (Agriculture).
- What is the turnover of NuSect?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €62,458 and 45 comparable companies (NACE 01). It probably lies between €110,000 and €250,000.
- Is NuSect profitable?
- In financial year 2025, NuSect made a loss of €301,358.
- Where can I find the annual accounts of NuSect?
- NuSect filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NuSect due?
- NuSect must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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