NVE
ActiveSummary
NVE has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44,624 and a net result of -€10,914. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 50% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-59
Solvency81▼-18
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.55 against 4.52 in 2024; short-term debt: 27.4% and cash: 0% of total assets), and 44.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
55.6%
Return on assets
-13.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
14 d late
2023
30 d late
2022
11 d late
2021
10 d late
2020
15 d early
2019
41 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€44,624▼ 73.2%
2024 · €166,609
Total assets
€80,220▼ 64.6%
2024 · €226,523
Net result
-€10,914
2024 · €7,217
Working capital
€34,154▼ 77.9%
2024 · €154,576
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27,335▼ 81.5%-€5,451€68,626€15,842▼ 76.9%-€1,258
Net result€14,342▼ 86.0%-€10,251€46,172€7,217▼ 84.4%-€10,914
Equity€136,701▲ 11.7%€126,449▼ 7.5%€159,392▲ 26.1%€166,609▲ 4.5%€44,624▼ 73.2%
Total assets€168,153▼ 24.8%€143,008▼ 15.0%€182,262▲ 27.4%€226,523▲ 24.3%€80,220▼ 64.6%
Debt€31,452▼ 68.9%€16,559▼ 47.4%€22,870▲ 38.1%€59,914▲ 162%€35,596▼ 40.6%
Working capital€132,021▲ 9.8%€112,737▼ 14.6%€140,541▲ 24.7%€154,576▲ 10.0%€34,154▼ 77.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1,258 after €15,842 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80,220
Fixed assets
€24,095 ▼ 14.0%
Current assets
€56,126 ▼ 71.7%
Equity and liabilities €80,220
Equity
€44,624 ▼ 73.2%
Debt
€35,596 ▼ 40.6%
Debt's share of the balance-sheet total rises from 26.4% to 44.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,505▼
2024 · €19,016
Cash flow
-€7,151▼
2024 · €10,392
Current ratio
2.55▼
2024 · 4.52
Debt to equity
0.80▲
2024 · 0.36
ROE
-24.5%▼
2024 · 4.3%
ROA
-13.6%▼
2024 · 3.2%
Interest coverage
0.50▼
2024 · 5.08
Debt ≤ 1 year
€21,972▼
2024 · €43,922
Debt > 1 year
€13,625▼
2024 · €15,993
Income taxes
€1,201▼
2024 · €6,331
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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%.
| 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 4,815 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €681 | €1,749 | €2,763 | €3,174 | €3,763 | ▲ 18.6% |
| Other operating charges640/8 | €3,296 | €2,219 | €1,358 | €1,254 | €1,048 | ▼ 16.5% |
| Non-recurring operating charges66A | - | €154 | - | €5,147 | €0 | ▼ 100% |
| Gross operating margin9900 | €31,312 | -€1,330 | €72,748 | €25,416 | €3,552 | ▼ 86.0% |
| Operating profit (loss)9901 | €27,335 | -€5,451 | €68,626 | €15,842 | -€1,258 | ▼ 108% |
| Financial income75/76B | €1,529 | €1,486 | €1,443 | €1,449 | €1,384 | ▼ 4.5% |
| Recurring financial income75 | €1,529 | €1,486 | €1,443 | €1,449 | €1,384 | ▼ 4.5% |
| Financial charges65/66B | €2,882 | €3,207 | €3,763 | €3,742 | €9,839 | ▲ 163% |
| Recurring financial charges65 | €2,882 | €3,207 | €3,763 | €3,742 | €5,040 | ▲ 34.7% |
| Non-recurring financial charges66B | - | - | - | - | €4,799 | - |
| Profit (loss) for the period before taxes9903 | €25,982 | -€7,172 | €66,306 | €13,549 | -€9,713 | ▼ 172% |
| Income taxes67/77 | €11,640 | €3,080 | €20,134 | €6,331 | €1,201 | ▼ 81.0% |
| Profit (loss) for the period9904 | €14,342 | -€10,251 | €46,172 | €7,217 | -€10,914 | ▼ 251% |
| Profit (loss) for the period to be appropriated9905 | €14,342 | -€10,251 | €46,172 | €7,217 | -€10,914 | ▼ 251% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €168,153 | €143,008 | €182,262 | €226,523 | €80,220 | ▼ 64.6% |
| Fixed assets21/28 | €4,680 | €13,712 | €18,851 | €28,026 | €24,095 | ▼ 14.0% |
| Tangible fixed assets22/27 | €4,680 | €13,712 | €18,851 | €18,226 | €19,095 | ▲ 4.8% |
| Furniture and vehicles24 | €1,642 | €1,204 | €2,370 | €3,999 | €2,768 | ▼ 30.8% |
| Other tangible fixed assets26 | €3,038 | €12,508 | €16,481 | €14,227 | €16,326 | ▲ 14.8% |
| Financial fixed assets28 | - | - | - | €9,800 | €5,000 | ▼ 49.0% |
| Current assets29/58 | €163,473 | €129,295 | €163,411 | €198,498 | €56,126 | ▼ 71.7% |
| Amounts receivable after more than one year29 | €114,769 | €111,495 | €108,177 | €104,816 | €42,407 | ▼ 59.5% |
| Other amounts receivable291 | €114,769 | €111,495 | €108,177 | €104,816 | €42,407 | ▼ 59.5% |
| Amounts receivable within one year40/41 | €41,010 | €6,299 | €31,899 | €76,589 | €13,238 | ▼ 82.7% |
| Trade receivables40 | €41,010 | €6,227 | €10,997 | €18,150 | €3,983 | ▼ 78.1% |
| Other amounts receivable41 | - | €72 | €20,902 | €58,439 | €9,255 | ▼ 84.2% |
| Cash at bank and in hand54/58 | €7,695 | €11,083 | €23,095 | €16,589 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | €419 | €240 | €504 | €480 | ▼ 4.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €168,153 | €143,008 | €182,262 | €226,523 | €80,220 | ▼ 64.6% |
| Equity10/15 | €136,701 | €126,449 | €159,392 | €166,609 | €44,624 | ▼ 73.2% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €124,301 | €124,301 | €146,992 | €154,209 | €43,138 | ▼ 72.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €122,441 | €122,441 | €146,992 | €154,209 | €43,138 | ▼ 72.0% |
| Profit (loss) carried forward14 | - | -€10,251 | - | €0 | -€10,914 | - |
| Amounts payable17/49 | €31,452 | €16,559 | €22,870 | €59,914 | €35,596 | ▼ 40.6% |
| Amounts payable after more than one year17 | - | - | - | €15,993 | €13,625 | ▼ 14.8% |
| Financial debts170/4 | - | - | - | €15,993 | €13,625 | ▼ 14.8% |
| Amounts payable within one year42/48 | €31,452 | €16,559 | €22,870 | €43,922 | €21,972 | ▼ 50.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,161 | €8,328 | ▼ 45.1% |
| Financial debts43 | - | - | - | - | €6,675 | - |
| Credit institutions430/8 | - | - | - | - | €6,675 | - |
| Trade debts44 | €1,814 | €1,560 | €973 | €472 | €0 | ▼ 100% |
| Suppliers440/4 | €1,814 | €1,560 | €973 | €472 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €28,657 | €14,720 | €21,897 | €28,289 | €6,969 | ▼ 75.4% |
| Taxes450/3 | €28,657 | €14,720 | €21,897 | €28,289 | €6,969 | ▼ 75.4% |
| Other amounts payable47/48 | €981 | €279 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,342 | -€10,251 | €46,172 | €7,217 | -€10,914 | ▼ 251% |
| + Depreciation and write-downs630 | €681 | €1,749 | €2,763 | €3,174 | €3,763 | ▲ 18.6% |
| Operating cash flow (approximation) | €15,023 | -€8,502 | €48,935 | €10,392 | -€7,151 | ▼ 169% |
| Investment in fixed assets (approximation) | - | -€10,782 | -€7,902 | -€12,349 | €168 | ▲ 101% |
| Change in cash | - | €3,388 | €12,012 | -€6,506 | -€16,589 | ▼ 155% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet -€10,914
Net result drops to -€10,914, the lowest in the series.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €46,172
Net result €46,172 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €159,392 ▲26.1%
Equity rises from €126,449 to €159,392.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 5.20
Current ratio from 2.19 to 5.20; short-term debt falls from €101,216 to €31,452.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €102,796
Net result €102,796 after 2 loss-making years.
31-12
Financial
Equity above €100,000Eq €122,359 ▲525%
Equity rises from €19,562 to €122,359.
Show earlier events
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 346 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Brasschaat · 1 establishment unit since 2012
Ground area
1,392 m²
Building footprint
173 m²
Parcel 11322E0039/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
NVE
since 20122.213.638.681
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0039/00F000 | Flanders | 1,392 m² | 1 · 173 m² | - |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
25%
According to the 2025 annual accounts of NVE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 37,462 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-09-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0849049710
Also
9925:BE0849049710
Registered
06-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.