NERA
ActiveSummary
NERA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136k and a net result of €2k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 77% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-8
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.92 against 3.7 in 2024; short-term debt: 21.6% and cash: 21.4% of total assets), and 21.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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
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
78.4%
Return on assets
0.9%
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 31-08-2026, 31 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
31 d late
2024
29 d late
2023
29 d late
2022
61 d late
2021
30 d late
2020
60 d late
2019
88 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€136k▼ 5.8%
2024 · €145k
2018: €76klowest in 8 years
2019: €80k▲ +6.0% vs 2018
2020: €122k▲ +51.8% vs 2019
2021: €148k▲ +21.1% vs 2020
2022: €153k▲ +3.5% vs 2021highest in 8 years
2023: €147k▼ -4.1% vs 2022
2024: €145k▼ -1.3% vs 2023
2025: €136k▼ -5.8% vs 2024
2018 → 2025
Total assets
€174k▼ 3.7%
2024 · €181k
2018: €134k
2019: €124k▼ -7.7% vs 2018lowest in 8 years
2020: €161k▲ +29.9% vs 2019
2021: €176k▲ +9.3% vs 2020
2022: €174k▼ -1.2% vs 2021
2023: €159k▼ -8.2% vs 2022
2024: €181k▲ +13.2% vs 2023highest in 8 years
2025: €174k▼ -3.7% vs 2024
2018 → 2025
Net result
€2k▼ 87.8%
2024 · €13k
2018: €33k
2019: €25k▼ -24.8% vs 2018
2020: €52k▲ +110% vs 2019highest in 8 years
2021: €38k▼ -26.8% vs 2020
2022: €25k▼ -33.5% vs 2021
2023: €-6k▼ -125% vs 2022lowest in 8 years
2024: €13k▲ +310% vs 2023
2025: €2k▼ -87.8% vs 2024
2018 → 2025
Working capital
€72k▼ 25.6%
2024 · €97k
2018: €37k
2019: €32k▼ -12.8% vs 2018lowest in 8 years
2020: €69k▲ +114% vs 2019
2021: €81k▲ +17.7% vs 2020
2022: €90k▲ +12.1% vs 2021
2023: €91k▲ +0.4% vs 2022
2024: €97k▲ +6.8% vs 2023highest in 8 years
2025: €72k▼ -25.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€148k-€153k▲ 3.5%€147k▼ 4.1%€145k▼ 1.3%€136k▼ 5.8%
2021: €148k
2022: €153k▲ +3.5% vs 2021highest in 5 years
2023: €147k▼ -4.1% vs 2022
2024: €145k▼ -1.3% vs 2023
2025: €136k▼ -5.8% vs 2024lowest in 5 years
Operating result€52k-€37k▼ 29.9%€-6k€21k€5k▼ 76.6%
2021: €52khighest in 5 years
2022: €37k▼ -29.9% vs 2021
2023: €-6k▼ -116% vs 2022lowest in 5 years
2024: €21k▲ +456% vs 2023
2025: €5k▼ -76.6% vs 2024
Net result€38k-€25k▼ 33.5%€-6k€13k€2k▼ 87.8%
2021: €38khighest in 5 years
2022: €25k▼ -33.5% vs 2021
2023: €-6k▼ -125% vs 2022lowest in 5 years
2024: €13k▲ +310% vs 2023
2025: €2k▼ -87.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 77% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €174k
Fixed assets
€64k ▲ 34.5%
Current assets
€110k ▼ 17.4%
Equity and liabilities €174k
Equity
€136k ▼ 5.8%
Debt
€38k ▲ 4.7%
Debt's share of the balance-sheet total rises from 19.9% to 21.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11k▼
2024 · €29k
Cash flow
€8k▼
2024 · €21k
Current ratio
2.92▼
2024 · 3.70
Debt to equity
0.28▲
2024 · 0.25
ROE
1.2%▼
2024 · 9.0%
ROA
0.9%▼
2024 · 7.2%
Interest coverage
17.13▼
2024 · 22.20
Debt ≤ 1 year
€38k▲
2024 · €36k
Income taxes
€3k▼
2024 · €7k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€181k€174k▼
Formation expenses20€0€0=
Fixed assets21/28€48k€64k▲
Tangible fixed assets22/27€46k€63k▲
Land and buildings22€37k€35k▼
Plant, machinery and equipment23€678€509▼
Furniture and vehicles24€9k€27k▲
Financial fixed assets28€1k€1k=
Current assets29/58€133k€110k▼
Amounts receivable within one year40/41€112k€70k▼
Trade receivables40€34k€8k▼
Other amounts receivable41€79k€62k▼
Cash at bank and in hand54/58€20k€37k▲
Deferred charges and accrued income490/1€644€3k▲
Equity and liabilities
Total equity and liabilities10/49€181k€174k▼
Equity10/15€145k€136k▼
Contributions10/11€7k€7k=
Capital10€7k-
Issued capital100€7k-
Reserves13€144k€134k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€142k€132k▼
Profit (loss) carried forward14€-6k€-5k▲
Amounts payable17/49€36k€38k▲
Amounts payable within one year42/48€36k€38k▲
Current portion of amounts payable after more than one year42-€5k
Trade debts44€5k€5k▲
Suppliers440/4€5k€5k▲
Taxes, remuneration and social security45€30k€26k▼
Taxes450/3€30k€26k▼
Other amounts payable47/48€1k€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€6k▼
Other operating charges640/8€495€801▲
Gross operating margin9900€30k€12k▼
Operating profit (loss)9901€21k€5k▼
Financial income75/76B€408€0▼
Recurring financial income75€408€0▼
Financial charges65/66B€1k€658▼
Recurring financial charges65€1k€658▼
Profit (loss) for the period before taxes9903€20k€4k▼
Income taxes67/77€7k€3k▼
Profit (loss) for the period9904€13k€2k▼
Profit (loss) for the period to be appropriated9905€13k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-5k▼
Profit (loss) brought forward from the previous period14P€-6k€-6k=
Transfer from equity791/2€15k€10k▼
Transfer to equity691/2€13k-
To other reserves6921€13k-
Profit to be distributed694/7€15k€10k▼
Return on contributions (dividend)694€15k€10k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €9k | €8k | €6k | ▼ 21.9% |
| Other operating charges640/8 | €130 | €394 | €1k | €495 | €801 | ▲ 61.8% |
| Gross operating margin9900 | €61k | €45k | €4k | €30k | €12k | ▼ 59.2% |
| Operating profit (loss)9901 | €52k | €37k | €-6k | €21k | €5k | ▼ 76.6% |
| Financial income75/76B | €198 | €79 | €600 | €408 | €0 | ▼ 99.9% |
| Recurring financial income75 | €198 | €79 | €600 | €408 | €0 | ▼ 99.9% |
| Financial charges65/66B | €854 | €435 | €779 | €1k | €658 | ▼ 49.8% |
| Recurring financial charges65 | €854 | €435 | €779 | €1k | €658 | ▼ 49.8% |
| Profit (loss) for the period before taxes9903 | €52k | €36k | €-6k | €20k | €4k | ▼ 78.8% |
| Income taxes67/77 | €14k | €11k | €186 | €7k | €3k | ▼ 62.0% |
| Profit (loss) for the period9904 | €38k | €25k | €-6k | €13k | €2k | ▼ 87.8% |
| Profit (loss) for the period to be appropriated9905 | €38k | €25k | €-6k | €13k | €2k | ▼ 87.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €176k | €174k | €159k | €181k | €174k | ▼ 3.7% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €67k | €62k | €56k | €48k | €64k | ▲ 34.5% |
| Tangible fixed assets22/27 | €66k | €61k | €55k | €46k | €63k | ▲ 35.4% |
| Land and buildings22 | €43k | €41k | €39k | €37k | €35k | ▼ 5.4% |
| Plant, machinery and equipment23 | €1k | €1k | €848 | €678 | €509 | ▼ 25.0% |
| Furniture and vehicles24 | €22k | €19k | €15k | €9k | €27k | ▲ 216% |
| Financial fixed assets28 | €939 | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €109k | €111k | €104k | €133k | €110k | ▼ 17.4% |
| Amounts receivable after more than one year29 | €21k | €11k | €11k | - | - | - |
| Other amounts receivable291 | €21k | €11k | €11k | - | - | - |
| Amounts receivable within one year40/41 | €52k | €68k | €81k | €112k | €70k | ▼ 37.7% |
| Trade receivables40 | €625 | - | €2k | €34k | €8k | ▼ 75.0% |
| Other amounts receivable41 | €51k | €68k | €79k | €79k | €62k | ▼ 21.8% |
| Current investments50/53 | €6k | €8k | €10k | - | - | - |
| Cash at bank and in hand54/58 | €30k | €20k | €20 | €20k | €37k | ▲ 86.9% |
| Deferred charges and accrued income490/1 | €535 | €4k | €2k | €644 | €3k | ▲ 295% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €176k | €174k | €159k | €181k | €174k | ▼ 3.7% |
| Equity10/15 | €148k | €153k | €147k | €145k | €136k | ▼ 5.8% |
| Contributions10/11 | €7k | €7k | €7k | €7k | €7k | = |
| Capital10 | - | - | - | €7k | - | - |
| Issued capital100 | - | - | - | €7k | - | - |
| Reserves13 | €141k | €146k | €146k | €144k | €134k | ▼ 6.9% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €139k | €144k | €144k | €142k | €132k | ▼ 7.0% |
| Profit (loss) carried forward14 | - | - | €-6k | €-6k | €-5k | ▲ 25.6% |
| Amounts payable17/49 | €28k | €21k | €13k | €36k | €38k | ▲ 4.7% |
| Amounts payable within one year42/48 | €28k | €21k | €13k | €36k | €38k | ▲ 4.7% |
| Current portion of amounts payable after more than one year42 | €3k | - | - | - | €5k | - |
| Trade debts44 | €3k | €13k | €641 | €5k | €5k | ▲ 16.3% |
| Suppliers440/4 | €3k | €13k | €641 | €5k | €5k | ▲ 16.3% |
| Taxes, remuneration and social security45 | €16k | €3k | €6k | €30k | €26k | ▼ 14.4% |
| Taxes450/3 | €13k | - | €6k | €30k | €26k | ▼ 14.4% |
| Remuneration and social security454/9 | €3k | €3k | - | - | - | - |
| Other amounts payable47/48 | €7k | €4k | €6k | €1k | €1k | ▲ 12.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €25k | €-6k | €13k | €2k | ▼ 87.8% |
| + Depreciation and write-downs630 | €8k | €8k | €9k | €8k | €6k | ▼ 21.9% |
| Operating cash flow (approximation) | €46k | €33k | €3k | €21k | €8k | ▼ 62.5% |
| Investment in fixed assets (approximation) | - | €-3k | €-2k | €-18 | €-23k | ▼ 126,573% |
| Change in cash | - | €-9k | €-20k | €20k | €17k | ▼ 13.0% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Equity above €150kEq €153k ▲3.5%
5 profitable years in a row build equity to €153k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Highest result since 2018net €52k ▲110%
Operating result €70k, net result €52k, both a record.
31-12
Financial
Equity above €100kEq €122k ▲51.8%
3 profitable years in a row build equity to €122k.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
Show earlier events
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Leuven
Ground area
146 m²
Building footprint
73 m²
Volume, LiDAR
634 m³
Parcel 24505F0278/00H002, Flanders · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24505F0278/00H002 | Flanders | 146 m² | 1 · 73 m² | 9.3 m · 3 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.
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Hashtag2
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 7,151 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
Founded24-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.