NEK
ActiveSummary
NEK has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.42M and a net result of €432k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 88% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+4
Solvency100▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 3.13 against 2.35 in 2024; short-term debt: 19.8% and cash: 10.5% of total assets), and 20.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2025Solvency, return and age of the figures
Solvency
79.2%
Return on assets
14.1%
Age of the figures
9 mo
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
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
21 d early
2023
33 d early
2022
29 d late
2021
31 d late
2020
23 d late
2019
25 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€432k▲ 48.4%
2024 · €291k
2018: €186k
2019: €206k
2020: €197k
2021: €261k
2022: €338k
2023: €306k
2024: €291k
2018 → 2025
Working capital
€1.29M▲ 25.2%
2024 · €1.03M
2018: €162k
2019: €281k
2020: €399k
2021: €611k
2022: €747k
2023: €717k
2024: €1.03M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.28M-€1.51M▲ 17.8%€1.70M▲ 12.4%€1.99M▲ 17.1%€2.42M▲ 21.7%
Operating result€399k-€412k▲ 3.2%€394k▼ 4.4%€339k▼ 14.0%€521k▲ 53.7%
Net result€261k-€338k▲ 29.4%€306k▼ 9.5%€291k▼ 5.0%€432k▲ 48.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 54% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.06M
Fixed assets
€1.17M ▲ 10.8%
Current assets
€1.89M ▲ 5.7%
Equity and liabilities €3.06M
Equity
€2.42M ▲ 21.7%
Debt
€638k ▼ 25.3%
Debt's share of the balance-sheet total falls from 30.0% to 20.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€563k▲
2024 · €383k
Cash flow
€475k▲
2024 · €335k
Current ratio
3.13▲
2024 · 2.35
Quick ratio
1.14▲
2024 · 1.09
Debt to equity
0.26▼
2024 · 0.43
ROE
17.8%▲
2024 · 14.6%
ROA
14.1%▲
2024 · 10.2%
Interest coverage
23.20▲
2024 · 10.51
Debt ≤ 1 year
€605k▼
2024 · €762k
Debt > 1 year
€33k▼
2024 · €92k
Income taxes
€124k▲
2024 · €86k
Staff costs
€361k▼
2024 · €362k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.84M€3.06M▲
Fixed assets21/28€1.05M€1.17M▲
Intangible fixed assets21€8k€6k▼
Tangible fixed assets22/27€83k€198k▲
Plant, machinery and equipment23€2k€5k▲
Furniture and vehicles24€74k€184k▲
Assets under construction and advance payments27€7k€9k▲
Financial fixed assets28€961k€961k=
Current assets29/58€1.79M€1.89M▲
Stocks and contracts in progress3€963k€1.20M▲
Stocks30/36€963k€1.20M▲
Amounts receivable within one year40/41€339k€360k▲
Trade receivables40€303k€355k▲
Other amounts receivable41€36k€5k▼
Cash at bank and in hand54/58€483k€322k▼
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€2.84M€3.06M▲
Equity10/15€1.99M€2.42M▲
Contributions10/11€22k€22k=
Reserves13€1.06M€1.06M=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€1.06M€1.06M=
Profit (loss) carried forward14€907k€1.34M▲
Amounts payable17/49€854k€638k▼
Amounts payable after more than one year17€92k€33k▼
Financial debts170/4€92k€33k▼
Amounts payable within one year42/48€762k€605k▼
Current portion of amounts payable after more than one year42€136k€59k▼
Trade debts44€326k€292k▼
Suppliers440/4€326k€292k▼
Taxes, remuneration and social security45€114k€127k▲
Taxes450/3€60k€87k▲
Remuneration and social security454/9€54k€40k▼
Other amounts payable47/48€186k€128k▼
Income statement
Code20242025
Remuneration, social security and pensions62€362k€361k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€43k▼
Other operating charges640/8€6k€7k▲
Gross operating margin9900€750k€931k▲
Operating profit (loss)9901€339k€521k▲
Financial income75/76B€75k€60k▼
Recurring financial income75€75k€60k▼
Financial charges65/66B€36k€24k▼
Recurring financial charges65€36k€24k▼
Profit (loss) for the period before taxes9903€378k€556k▲
Income taxes67/77€86k€124k▲
Profit (loss) for the period9904€291k€432k▲
Profit (loss) for the period to be appropriated9905€291k€432k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.02M€1.34M▲
Profit (loss) brought forward from the previous period14P€726k€907k▲
Transfer to equity691/2€110k-
To other reserves6921€110k-
Social balance
Average headcount (FTE)90876.56.3▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €432k ▲48.4%
Operating result €521k, net result €432k, both a record.
31-12
Financial
Equity above €2MEq €2.42M ▲21.7%
8 profitable years in a row build equity to €2.42M.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
31-12
Financial
Equity above €1MEq €1.02M ▲23.9%
3 profitable years in a row build equity to €1.02M.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 20 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Couvin · 1 establishment unit since 2002
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.
Route de Nismes, Fra. 75660 CouvinGround area
5.9 ha
Building footprint
569 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
NEK
since 20022.098.867.687
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93039B0150/00B000 | Wallonia | 5.8 ha | 1 · 436 m² | - |
| 93026E0438/00B000 | Wallonia | 912 m² | 1 · 133 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
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MEEUSEN MOTOREN ANTWERPEN
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PETER D'HAESE
BE 0479.065.776
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LUDWIG MOTORS
BE 0818.861.726
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Of 1,128 companies in sector 47830 we hold annual accounts for 468. 182 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-12-2001
Fiscal year end31-12
Trade name FR
NEW EURO KARTING
Activities, NACEBEL 2025
47830Retail sale of motorcycles and motorcycle parts and accessories
93121Football clubs
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:060346683