NEST
ActiveSummary
The computed 12-month bankruptcy probability of NEST is 3.5% (moderate). The 2024 annual accounts show equity of €241k and a net result of €82k. Equity is growing by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 24% of 36375 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+2
Solvency48▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.47 in 2023; short-term debt: 36.9% and cash: 36.6% of total assets), and 77.4% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
210 d late
2021
330 d late
2020
27 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€551k
EBIT margin
10.5%
Net result
€82k▲ 85.8%
2023 · €44k
2019: €42k
2020: €29k
2021: €26k
2022: €86k
2023: €44k
2019 → 2024
Working capital
€174k▲ 75.2%
2023 · €99k
2019: €6k
2020: €41k
2021: €23k
2022: €103k
2023: €99k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€79k-€102k▲ 29.3%€181k▲ 76.7%€159k▼ 11.8%€241k▲ 51.3%
Operating result€40k-€36k▼ 10.2%€117k▲ 228%€65k▼ 44.5%€122k▲ 88.8%
Net result€29k-€26k▼ 12.3%€86k▲ 235%€44k▼ 48.9%€82k▲ 85.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 89% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.07M
Fixed assets
€499k ▲ 20.3%
Current assets
€567k ▲ 82.3%
Equity and liabilities €1.07M
Equity
€241k ▲ 51.3%
Debt
€825k ▲ 45.6%
Debt's share of the balance-sheet total falls from 78.0% to 77.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€165k▲
2023 · €100k
Cash flow
€124k▲
2023 · €80k
Current ratio
1.44▼
2023 · 1.47
Debt to equity
3.42▼
2023 · 3.55
ROE
33.9%▲
2023 · 27.6%
ROA
7.7%▲
2023 · 6.1%
Interest coverage
24.54▲
2023 · 20.57
Debt ≤ 1 year
€393k▲
2023 · €212k
Debt > 1 year
€432k▲
2023 · €355k
Income taxes
€34k▲
2023 · €16k
Staff costs
€132k▼
2023 · €133k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€726k€1.07M▲
Fixed assets21/28€415k€499k▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27€396k€479k▲
Land and buildings22€348k€447k▲
Plant, machinery and equipment23€13k€9k▼
Furniture and vehicles24€35k€23k▼
Financial fixed assets28€18k€18k=
Current assets29/58€311k€567k▲
Amounts receivable within one year40/41€93k€177k▲
Trade receivables40€15k€107k▲
Other amounts receivable41€78k€69k▼
Cash at bank and in hand54/58€218k€390k▲
Equity and liabilities
Total equity and liabilities10/49€726k€1.07M▲
Equity10/15€159k€241k▲
Contributions10/11€19k€19k=
Reserves13€141k€223k▲
Distributable reserves133€141k€223k▲
Amounts payable17/49€566k€825k▲
Amounts payable after more than one year17€355k€432k▲
Financial debts170/4€355k€432k▲
Amounts payable within one year42/48€212k€393k▲
Current portion of amounts payable after more than one year42€26k€37k▲
Trade debts44€116k€207k▲
Suppliers440/4€116k€207k▲
Advances received on contracts in progress46-€68k
Taxes, remuneration and social security45€63k€74k▲
Taxes450/3€54k€34k▼
Remuneration and social security454/9€8k€40k▲
Other amounts payable47/48€8k€8k=
Income statement
Code20232024
Remuneration, social security and pensions62€133k€132k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€42k▲
Other operating charges640/8€5k€11k▲
Gross operating margin9900€238k€308k▲
Operating profit (loss)9901€65k€122k▲
Financial income75/76B€15€0▼
Recurring financial income75€15€0▼
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€60k€116k▲
Income taxes67/77€16k€34k▲
Profit (loss) for the period9904€44k€82k▲
Profit (loss) for the period to be appropriated9905€44k€82k▲
Appropriation of the result
Profit (loss) to be appropriated9906€44k€82k▲
Transfer from equity791/2€78k-
Transfer to equity691/2€44k€82k▲
To other reserves6921€44k€82k▲
Profit to be distributed694/7€78k-
Return on contributions (dividend)694€78k-
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €200kEq €241k ▲51.3%
6 profitable years in a row build equity to €241k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 210 days late
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 330 days late
2022
31-12
Financial
Highest result since 2019net €86k ▲235%
Net result €86k, the highest in the series.
31-12
Financial
Equity above €150kEq €181k ▲76.7%
4 profitable years in a row build equity to €181k.
2021
31-12
Financial
Weakest financial yearnet €26k ▼12.3%
Net result drops to €26k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €102k ▲29.3%
3 profitable years in a row build equity to €102k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Kortrijk · 3 establishment units since 2018
Ground area
1.4 ha
Building footprint
786 m²
Volume, LiDAR
632 m³
3 parcels, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
NEST
since 20182.283.268.647
NEST atelier
since 20252.388.929.064
NEST showroom
since 20252.388.929.262
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026B0046/00L002 | Flanders | 1.3 ha | 1 · 658 m² | - |
| 34352F0358/00V002 | Flanders | 713 m² | - | - |
| 34026B0411/00W000 | Flanders | 699 m² | 1 · 127 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 600 EUR awarded · 600 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 600 EUR | 600 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,863 companies in sector 43341 we hold annual accounts for 2,663. 1,937 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
Founded27-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
43422Screed work
46833Wholesale trade
47530Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.