Summary
NEXTGEN INVESTMENT GROUP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €236.58M and a net result of €17.54M. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 78% of 2399 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
14 d early
2023
22 d early
2022
20 d early
2022
182 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€236.58M▲ 7.4%
2024 · €220.34M
2022: €187.23Mlowest in 4 years
2023: €203.43M▲ +8.7% vs 2022
2024: €220.34M▲ +8.3% vs 2023
2025: €236.58M▲ +7.4% vs 2024highest in 4 years
2022 → 2025
Net result
€17.54M▼ 4.4%
2024 · €18.35M
2022: €6.58Mlowest in 4 years
2023: €26.20M▲ +298% vs 2022highest in 4 years
2024: €18.35M▼ -30.0% vs 2023
2025: €17.54M▼ -4.4% vs 2024
2022 → 2025
Total assets
€260.91M▲ 14.8%
2024 · €227.36M
2022: €191.16Mlowest in 4 years
2023: €206.76M▲ +8.2% vs 2022
2024: €227.36M▲ +10.0% vs 2023
2025: €260.91M▲ +14.8% vs 2024highest in 4 years
2022 → 2025
Solvency
90.7%▼ 6.2pp
2024 · 96.9%
2022: 97.9%
2023: 98.4%▲ +0.5% vs 2022highest in 4 years
2024: 96.9%▼ -1.5% vs 2023
2025: 90.7%▼ -6.4% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€135k-€158k▲ 17.0%€125k▼ 20.8%€114k▼ 9.0%
2022: €135k
2023: €158k▲ +17.0% vs 2022highest in 4 years
2024: €125k▼ -20.8% vs 2023
2025: €114k▼ -9.0% vs 2024lowest in 4 years
Equity€187.23M-€203.43M▲ 8.7%€220.34M▲ 8.3%€236.58M▲ 7.4%
2022: €187.23Mlowest in 4 years
2023: €203.43M▲ +8.7% vs 2022
2024: €220.34M▲ +8.3% vs 2023
2025: €236.58M▲ +7.4% vs 2024highest in 4 years
Operating result€-387k-€-568k▼ 46.6%€-635k▼ 11.8%€-2.45M▼ 285%
2022: €-387khighest in 4 years
2023: €-568k▼ -46.6% vs 2022
2024: €-635k▼ -11.8% vs 2023
2025: €-2.45M▼ -285% vs 2024lowest in 4 years
Net result€6.58M-€26.20M▲ 298%€18.35M▼ 30.0%€17.54M▼ 4.4%
2022: €6.58Mlowest in 4 years
2023: €26.20M▲ +298% vs 2022highest in 4 years
2024: €18.35M▼ -30.0% vs 2023
2025: €17.54M▼ -4.4% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.45M in 2025 against €635k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €260.91M
Fixed assets
€228.92M ▲ 12.4%
Current assets
€31.99M ▲ 35.0%
Equity and liabilities €260.91M
Equity
€236.58M ▲ 7.4%
Debt
€24.33M ▲ 246%
Debt's share of the balance-sheet total rises from 3.1% to 9.3%. Equity and debt are higher.
Key figures and ratios
ROE
7.4%▼
2024 · 8.3%
ROA
6.7%▼
2024 · 8.1%
Debt ≤ 1 year
€1.53M▼
2024 · €5.12M
Debt > 1 year
€22.02M▲
2024 · €1.75M
Income taxes
€206k▲
2024 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 77 lines
Balance sheet
Code20242025
Assets
Total assets20/58€227.36M€260.91M▲
Fixed assets21/28€203.67M€228.92M▲
Intangible fixed assets21€54k€38k▼
Tangible fixed assets22/27€94k€95k▲
Land and buildings22€91k€91k=
Furniture and vehicles24€3k€4k▲
Financial fixed assets28€203.52M€228.79M▲
Affiliated companies280/1€171.11M€190.42M▲
Participating interests280€155.49M€162.04M▲
Amounts receivable281€15.62M€28.38M▲
Companies linked by participating interests282/3€12.90M€11.32M▼
Participating interests282€11.65M€10.07M▼
Amounts receivable283€1.25M€1.25M=
Other financial fixed assets284/8€19.52M€27.06M▲
Shares284€19.52M€27.06M▲
Current assets29/58€23.69M€31.99M▲
Amounts receivable within one year40/41€2.95M€7.17M▲
Trade receivables40€174k€312k▲
Other amounts receivable41€2.78M€6.85M▲
Current investments50/53€17.57M€16.96M▼
Other investments51/53€17.57M€16.96M▼
Cash at bank and in hand54/58€3.01M€7.08M▲
Deferred charges and accrued income490/1€164k€784k▲
Equity and liabilities
Total equity and liabilities10/49€227.36M€260.91M▲
Equity10/15€220.34M€236.58M▲
Contributions10/11€97.77M€97.77M=
Capital10€97.77M€97.77M=
Issued capital100€97.77M€97.77M=
Reserves13€6.19M€7.07M▲
Non-distributable reserves130/1€6.19M€7.07M▲
Legal reserve130€6.19M€7.07M▲
Profit (loss) carried forward14€116.38M€131.74M▲
Amounts payable17/49€7.02M€24.33M▲
Amounts payable after more than one year17€1.75M€22.02M▲
Financial debts170/4€1.75M€22.02M▲
Credit institutions173€1.75M€15.02M▲
Other loans174-€7.00M
Amounts payable within one year42/48€5.12M€1.53M▼
Current portion of amounts payable after more than one year42€616k€626k▲
Trade debts44€74k€47k▼
Suppliers440/4€74k€47k▼
Taxes, remuneration and social security45€30k€61k▲
Taxes450/3€30k€61k▲
Other amounts payable47/48€4.40M€793k▼
Accrued charges and deferred income492/3€157k€782k▲
Income statement
Code20242025
Operating income70/76A€144k€284k▲
Turnover70€125k€114k▼
Non-recurring operating income76A€19k€170k▲
Operating charges60/66A€779k€2.73M▲
Services and other goods61€743k€698k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€17k▲
Other operating charges640/8€20k€10k▼
Non-recurring operating charges66A-€2.00M
Operating profit (loss)9901€-635k€-2.45M▼
Financial income75/76B€19.28M€21.00M▲
Recurring financial income75€19.28M€21.00M▲
Income from financial fixed assets750€19.01M€20.13M▲
Income from current assets751€270k€795k▲
Other financial income752/9€362€75k▲
Financial charges65/66B€257k€814k▲
Recurring financial charges65€257k€739k▲
Debt charges650€229k€672k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€24k-
Other financial charges652/9€4k€67k▲
Non-recurring financial charges66B-€75k
Profit (loss) for the period before taxes9903€18.39M€17.74M▼
Income taxes67/77€43k€206k▲
Taxes670/3€43k€218k▲
Tax adjustments and reversals of tax provisions77-€12k
Profit (loss) for the period9904€18.35M€17.54M▼
Profit (loss) for the period to be appropriated9905€18.35M€17.54M▼
Appropriation of the result
Profit (loss) to be appropriated9906€120.04M€133.92M▲
Profit (loss) brought forward from the previous period14P€101.69M€116.38M▲
Transfer to equity691/2€2.23M€877k▼
To the legal reserve6920€2.23M€877k▼
Profit to be distributed694/7€1.43M€1.30M▼
Return on contributions (dividend)694€1.43M€1.30M▼
The notes to these accounts (48 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | €200k | €171k | €144k | €284k | ▲ 96.7% |
| Turnover70 | €135k | €158k | €125k | €114k | ▼ 9.0% |
| Other operating income74 | €12k | - | - | - | - |
| Non-recurring operating income76A | €53k | €14k | €19k | €170k | ▲ 783% |
| Operating charges60/66A | €587k | €739k | €779k | €2.73M | ▲ 250% |
| Services and other goods61 | €524k | €688k | €743k | €698k | ▼ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €52k | €16k | €17k | ▲ 4.2% |
| Other operating charges640/8 | €63k | - | €20k | €10k | ▼ 48.4% |
| Non-recurring operating charges66A | - | - | - | €2.00M | - |
| Operating profit (loss)9901 | €-387k | €-568k | €-635k | €-2.45M | ▼ 285% |
| Financial income75/76B | €8.08M | €27.52M | €19.28M | €21.00M | ▲ 8.9% |
| Recurring financial income75 | €7.91M | €27.52M | €19.28M | €21.00M | ▲ 8.9% |
| Income from financial fixed assets750 | €7.82M | €27.27M | €19.01M | €20.13M | ▲ 5.9% |
| Income from current assets751 | €45k | €227k | €270k | €795k | ▲ 195% |
| Other financial income752/9 | €52k | €22k | €362 | €75k | ▲ 20,488% |
| Non-recurring financial income76B | €169k | - | - | - | - |
| Financial charges65/66B | €1.00M | €744k | €257k | €814k | ▲ 217% |
| Recurring financial charges65 | €157k | €133k | €257k | €739k | ▲ 187% |
| Debt charges650 | €63k | €129k | €229k | €672k | ▲ 194% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | €74k | - | €24k | - | - |
| Other financial charges652/9 | €19k | €4k | €4k | €67k | ▲ 1,470% |
| Non-recurring financial charges66B | €847k | €611k | - | €75k | - |
| Profit (loss) for the period before taxes9903 | €6.69M | €26.21M | €18.39M | €17.74M | ▼ 3.5% |
| Income taxes67/77 | €111k | €9k | €43k | €206k | ▲ 378% |
| Taxes670/3 | €111k | €17k | €43k | €218k | ▲ 405% |
| Tax adjustments and reversals of tax provisions77 | - | €8k | - | €12k | - |
| Profit (loss) for the period9904 | €6.58M | €26.20M | €18.35M | €17.54M | ▼ 4.4% |
| Profit (loss) for the period to be appropriated9905 | €6.58M | €26.20M | €18.35M | €17.54M | ▼ 4.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €191.16M | €206.76M | €227.36M | €260.91M | ▲ 14.8% |
| Fixed assets21/28 | €184.57M | €191.08M | €203.67M | €228.92M | ▲ 12.4% |
| Intangible fixed assets21 | €37k | €69k | €54k | €38k | ▼ 29.1% |
| Tangible fixed assets22/27 | €91k | €92k | €94k | €95k | ▲ 0.8% |
| Land and buildings22 | €91k | €91k | €91k | €91k | = |
| Furniture and vehicles24 | - | €1k | €3k | €4k | ▲ 24.5% |
| Financial fixed assets28 | €184.44M | €190.92M | €203.52M | €228.79M | ▲ 12.4% |
| Affiliated companies280/1 | €160.91M | €161.98M | €171.11M | €190.42M | ▲ 11.3% |
| Participating interests280 | €153.27M | €154.39M | €155.49M | €162.04M | ▲ 4.2% |
| Amounts receivable281 | €7.64M | €7.59M | €15.62M | €28.38M | ▲ 81.7% |
| Companies linked by participating interests282/3 | €8.52M | €10.77M | €12.90M | €11.32M | ▼ 12.3% |
| Participating interests282 | €8.52M | €10.77M | €11.65M | €10.07M | ▼ 13.6% |
| Amounts receivable283 | - | - | €1.25M | €1.25M | = |
| Other financial fixed assets284/8 | €15.01M | €18.17M | €19.52M | €27.06M | ▲ 38.6% |
| Shares284 | €12.39M | €16.20M | €19.52M | €27.06M | ▲ 38.6% |
| Amounts receivable and cash guarantees285/8 | €2.62M | €1.97M | - | - | - |
| Current assets29/58 | €6.59M | €15.68M | €23.69M | €31.99M | ▲ 35.0% |
| Amounts receivable within one year40/41 | €58k | €857k | €2.95M | €7.17M | ▲ 143% |
| Trade receivables40 | €12k | €191k | €174k | €312k | ▲ 79.1% |
| Other amounts receivable41 | €46k | €666k | €2.78M | €6.85M | ▲ 147% |
| Current investments50/53 | €2.57M | €5.79M | €17.57M | €16.96M | ▼ 3.5% |
| Other investments51/53 | €2.57M | €5.79M | €17.57M | €16.96M | ▼ 3.5% |
| Cash at bank and in hand54/58 | €3.95M | €8.95M | €3.01M | €7.08M | ▲ 135% |
| Deferred charges and accrued income490/1 | €3k | €78k | €164k | €784k | ▲ 377% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €191.16M | €206.76M | €227.36M | €260.91M | ▲ 14.8% |
| Equity10/15 | €187.23M | €203.43M | €220.34M | €236.58M | ▲ 7.4% |
| Contributions10/11 | €103.41M | €97.77M | €97.77M | €97.77M | = |
| Capital10 | €103.41M | €97.77M | €97.77M | €97.77M | = |
| Issued capital100 | €103.41M | €97.77M | €97.77M | €97.77M | = |
| Reserves13 | €3.97M | €3.97M | €6.19M | €7.07M | ▲ 14.2% |
| Non-distributable reserves130/1 | €3.97M | €3.97M | €6.19M | €7.07M | ▲ 14.2% |
| Legal reserve130 | €3.97M | €3.97M | €6.19M | €7.07M | ▲ 14.2% |
| Profit (loss) carried forward14 | €79.86M | €101.69M | €116.38M | €131.74M | ▲ 13.2% |
| Amounts payable17/49 | €3.93M | €3.33M | €7.02M | €24.33M | ▲ 246% |
| Amounts payable after more than one year17 | €2.97M | €2.36M | €1.75M | €22.02M | ▲ 1,160% |
| Financial debts170/4 | €2.97M | €2.36M | €1.75M | €22.02M | ▲ 1,160% |
| Credit institutions173 | €2.97M | €2.36M | €1.75M | €15.02M | ▲ 760% |
| Other loans174 | - | - | - | €7.00M | - |
| Amounts payable within one year42/48 | €960k | €970k | €5.12M | €1.53M | ▼ 70.2% |
| Current portion of amounts payable after more than one year42 | €597k | €607k | €616k | €626k | ▲ 1.6% |
| Trade debts44 | €67k | €87k | €74k | €47k | ▼ 36.9% |
| Suppliers440/4 | €67k | €87k | €74k | €47k | ▼ 36.9% |
| Taxes, remuneration and social security45 | €46k | €27k | €30k | €61k | ▲ 106% |
| Taxes450/3 | €46k | €27k | €30k | €61k | ▲ 106% |
| Other amounts payable47/48 | €250k | €250k | €4.40M | €793k | ▼ 82.0% |
| Accrued charges and deferred income492/3 | - | - | €157k | €782k | ▲ 399% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6.58M | €26.20M | €18.35M | €17.54M | ▼ 4.4% |
| + Depreciation and write-downs630 | - | €52k | €16k | €17k | ▲ 4.2% |
| Operating cash flow (approximation) | €6.58M | €26.25M | €18.36M | €17.55M | ▼ 4.4% |
| Investment in fixed assets (approximation) | - | €-6.56M | €-12.60M | €-25.27M | ▼ 100% |
| Change in cash | - | €5.00M | €-5.95M | €4.07M | ▲ 168% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 5current ratio 20.94
Current ratio from 4.63 to 20.94; short-term debt falls from €5.12M to €1.53M.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2022net €26.20M ▲298%
Net result €26.20M, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 16.16
Current ratio from 6.86 to 16.16.
07-08
State Gazette act
Capital & shares · Statutes amendmentCapital decrease · Capital · Dividend distribution5 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Capital decrease · Capital · Dividend distribution5 facts ▸
- General meeting, 02/08/2023
- Capital decrease, €5.642.000
- Capital, €97.766.000
- Statutes amendment
- Dividend distribution, dividende intercalaire, 4.358.000,00
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
14-04
State Gazette act
Appointment: Jean-Marc Heynderickx (managing director)2 facts ▸
State Gazette act
Appointment: Jean-Marc Heynderickx (managing director)
2 facts ▸
- Board meeting, 19/01/2023
- Director appointment, Jean-Marc Heynderickx (managing director)
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
29-12
State Gazette act
IncorporationAppointments: HEYNDERICKX Jean-Marc Louis Félix, HEYNDERICKX Charles Jean-Guy Louis and HEYNDERICKX Stéphanie Kathleen Céline · Legal-form conversion · Registered-office move8 facts ▸
State Gazette act
Incorporation
Appointments: HEYNDERICKX Jean-Marc Louis Félix, HEYNDERICKX Charles Jean-Guy Louis and HEYNDERICKX Stéphanie Kathleen Céline · Legal-form conversion · Registered-office move8 facts ▸
- Legal-form conversion, Société anonyme de droit belge
- Registered-office move, 1170 Watermael-Boitsfort, Chaussée de la Hulpe 150
- Name change, NEXTGEN INVESTMENT GROUP
- Purpose change, La société a pour objet la prise de participations, sous quelque forme que ce soit, dans d'autres sociétés belges ou étrangères, ainsi que la gestion de ces par…
- Capital, €103.408.000
- Director appointment, HEYNDERICKX Jean-Marc Louis Félix (director)
- Director appointment, HEYNDERICKX Charles Jean-Guy Louis (director)
- Director appointment, HEYNDERICKX Stéphanie Kathleen Céline (director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
3 of 3 acts read
Directors · office · real estate
Directors
3 directors, no change since 2023
HEYNDERICKX Charles Jean-Guy Louis
CurrentDirector · since 29-12-2022
Jean-Marc Heynderickx
CurrentManaging director · since 29-12-2022
Stéphanie HEYNDERICKX
CurrentDirector · since 29-12-2022
14-04-2023
Jean-Marc Heynderickx: Appointed as Managing director
29-12-2022
HEYNDERICKX Charles Jean-Guy Louis: Appointed as Director
29-12-2022
Jean-Marc Heynderickx: Appointed as Director
29-12-2022
Stéphanie HEYNDERICKX: Appointed as Director
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2022
Ground area
4,415 m²
Building footprint
2,124 m²
Volume, LiDAR
45,158 m³
Parcel 21652E0035/00R005, Brussels · tallest building 36.1 m, ±7 floors. Linked by address, not a title deed.
231
companies at this address
See who is registered here
1 establishment unit
NEXTGEN INVESTMENT GROUP
since 20222.366.329.846
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0035/00R005 | Brussels | 4,415 m² | 1 · 2,124 m² | 36.1 m · 7 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.
Structure & network
Connections & network
5 connected companiesThis company
Company
Director
Shareholding
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
via Stéphanie HEYNDERICKX and Jean-Marc Heynderickx · Director
→
via Stéphanie HEYNDERICKX · Director
→
via Jean-Marc Heynderickx · Permanent representative
→
via Jean-Marc Heynderickx · Managing director
→
Show 1 more companies with a shared director
via Jean-Marc Heynderickx · Director
former→
Capital and shareholders
Capital over the years
- 07-08-2023 Capital reduction of 5,642,000 EUR · to 97,766,000 EUR · repaid to the shareholders
- 29-12-2022 Capital stated in the act · 103,408,000 EUR · 103,408 shares
Recognitions · licences · registrations
Legal Entity Identifier
984500F91FEB86A82F07
Similar companies · same sector, comparable size
EthiasCo
BE 0402.370.054
Liège · Eq €236.77M
Reynco
BE 0800.519.521
Boechout · Eq €236.39M
MIDELCO
BE 0430.555.581
Kortrijk · Eq €238.27M
Itineris Holding
BE 1024.716.908
Gent · Eq €233.72M
D’Ieteren Mobility Company
BE 0542.545.843
Elsene · Eq €239.75M
Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 1,043 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.