Nester
ActiveSummary
Nester has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €28k. Equity is growing by ~50.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 3489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+19
Solvency86▲+13
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.19 in 2024; short-term debt: 34.7% and cash: 53.4% of total assets), and 39.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-10-2025, 3 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
3 d early
2024
43 d early
2023
32 d early
2022
20 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€66k▲ 68.6%
2024 · €39k
2022: €8klowest in 4 years
2023: €32k▲ +311% vs 2022
2024: €39k▲ +21.8% vs 2023
2025: €66k▲ +68.6% vs 2024highest in 4 years
2022 → 2025
Total assets
€108k▲ 33.7%
2024 · €81k
2022: €66klowest in 4 years
2023: €81k▲ +22.8% vs 2022
2024: €81k▲ +0.2% vs 2023
2025: €108k▲ +33.7% vs 2024highest in 4 years
2022 → 2025
Net result
€28k▲ 253%
2024 · €8k
2022: €6klowest in 4 years
2023: €25k▲ +310% vs 2022
2024: €8k▼ -68.8% vs 2023
2025: €28k▲ +253% vs 2024highest in 4 years
2022 → 2025
Working capital
€36k▲ 459%
2024 · €6k
2022: €-10k
2023: €-10k▼ -2.4% vs 2022lowest in 4 years
2024: €6k▲ +165% vs 2023
2025: €36k▲ +459% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€8k-€32k▲ 311%€39k▲ 21.8%€66k▲ 68.6%
2022: €8klowest in 4 years
2023: €32k▲ +311% vs 2022
2024: €39k▲ +21.8% vs 2023
2025: €66k▲ +68.6% vs 2024highest in 4 years
Operating result€8k-€30k▲ 298%€11k▼ 63.1%€35k▲ 217%
2022: €8klowest in 4 years
2023: €30k▲ +298% vs 2022
2024: €11k▼ -63.1% vs 2023
2025: €35k▲ +217% vs 2024highest in 4 years
Net result€6k-€25k▲ 310%€8k▼ 68.8%€28k▲ 253%
2022: €6klowest in 4 years
2023: €25k▲ +310% vs 2022
2024: €8k▼ -68.8% vs 2023
2025: €28k▲ +253% vs 2024highest in 4 years
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 2025; 2025 is 217% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108k
Fixed assets
€35k ▼ 12.6%
Current assets
€73k ▲ 79.7%
Equity and liabilities €108k
Equity
€66k ▲ 68.6%
Debt
€42k ▲ 1.1%
Debt's share of the balance-sheet total falls from 51.7% to 39.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€51k▲
2024 · €26k
Cash flow
€44k▲
2024 · €23k
Current ratio
1.95▲
2024 · 1.19
Quick ratio
1.93▲
2024 · 1.17
Debt to equity
0.64▼
2024 · 1.07
ROE
41.9%▲
2024 · 20.0%
ROA
25.6%▲
2024 · 9.7%
Interest coverage
84.55▲
2024 · 21.70
Debt ≤ 1 year
€38k▲
2024 · €34k
Debt > 1 year
€5k▼
2024 · €8k
Income taxes
€7k▲
2024 · €2k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€81k€108k▲
Fixed assets21/28€40k€35k▼
Tangible fixed assets22/27€40k€35k▼
Plant, machinery and equipment23€5k€9k▲
Furniture and vehicles24€19k€16k▼
Leasing and similar rights25€17k€10k▼
Current assets29/58€41k€73k▲
Stocks and contracts in progress3€657€419▼
Stocks30/36€657€419▼
Amounts receivable within one year40/41€6k€14k▲
Trade receivables40€5k€8k▲
Other amounts receivable41€1k€5k▲
Cash at bank and in hand54/58€33k€58k▲
Deferred charges and accrued income490/1€996€1k▲
Equity and liabilities
Total equity and liabilities10/49€81k€108k▲
Equity10/15€39k€66k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€37k€64k▲
Amounts payable17/49€42k€42k▲
Amounts payable after more than one year17€8k€5k▼
Financial debts170/4€8k€5k▼
Amounts payable within one year42/48€34k€38k▲
Current portion of amounts payable after more than one year42€3k€3k▼
Trade debts44€3k€7k▲
Suppliers440/4€3k€7k▲
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3€4k€3k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€23k€23k▲
Accrued charges and deferred income492/3€16€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲
Other operating charges640/8€690€975▲
Gross operating margin9900€27k€52k▲
Operating profit (loss)9901€11k€35k▲
Financial charges65/66B€1k€609▼
Recurring financial charges65€1k€609▼
Profit (loss) for the period before taxes9903€10k€35k▲
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€8k€28k▲
Profit (loss) for the period to be appropriated9905€8k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€64k▲
Profit (loss) brought forward from the previous period14P€30k€37k▲
Profit to be distributed694/7€833€833=
Return on contributions (dividend)694€833€833=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €15k | €16k | ▲ 6.9% |
| Other operating charges640/8 | €823 | €585 | €690 | €975 | ▲ 41.3% |
| Gross operating margin9900 | €18k | €41k | €27k | €52k | ▲ 94.5% |
| Operating profit (loss)9901 | €8k | €30k | €11k | €35k | ▲ 217% |
| Financial income75/76B | - | €89 | - | - | - |
| Recurring financial income75 | - | €89 | - | - | - |
| Financial charges65/66B | €660 | €931 | €1k | €609 | ▼ 49.7% |
| Recurring financial charges65 | €660 | €931 | €1k | €609 | ▼ 49.7% |
| Profit (loss) for the period before taxes9903 | €7k | €29k | €10k | €35k | ▲ 250% |
| Income taxes67/77 | €800 | €4k | €2k | €7k | ▲ 237% |
| Profit (loss) for the period9904 | €6k | €25k | €8k | €28k | ▲ 253% |
| Profit (loss) for the period to be appropriated9905 | €6k | €25k | €8k | €28k | ▲ 253% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €66k | €81k | €81k | €108k | ▲ 33.7% |
| Fixed assets21/28 | €22k | €53k | €40k | €35k | ▼ 12.6% |
| Tangible fixed assets22/27 | €22k | €53k | €40k | €35k | ▼ 12.6% |
| Plant, machinery and equipment23 | €8k | €6k | €5k | €9k | ▲ 87.5% |
| Furniture and vehicles24 | €5k | €23k | €19k | €16k | ▼ 14.9% |
| Leasing and similar rights25 | €8k | €24k | €17k | €10k | ▼ 38.4% |
| Current assets29/58 | €44k | €28k | €41k | €73k | ▲ 79.7% |
| Stocks and contracts in progress3 | €686 | €625 | €657 | €419 | ▼ 36.2% |
| Stocks30/36 | €686 | €625 | €657 | €419 | ▼ 36.2% |
| Amounts receivable within one year40/41 | €15k | €4k | €6k | €14k | ▲ 136% |
| Trade receivables40 | €15k | €4k | €5k | €8k | ▲ 78.9% |
| Other amounts receivable41 | - | €53 | €1k | €5k | ▲ 372% |
| Cash at bank and in hand54/58 | €28k | €22k | €33k | €58k | ▲ 74.2% |
| Deferred charges and accrued income490/1 | - | €1k | €996 | €1k | ▲ 13.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €66k | €81k | €81k | €108k | ▲ 33.7% |
| Equity10/15 | €8k | €32k | €39k | €66k | ▲ 68.6% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €5k | €30k | €37k | €64k | ▲ 73.2% |
| Amounts payable17/49 | €58k | €49k | €42k | €42k | ▲ 1.1% |
| Amounts payable after more than one year17 | €4k | €11k | €8k | €5k | ▼ 36.6% |
| Financial debts170/4 | €4k | €11k | €8k | €5k | ▼ 36.6% |
| Amounts payable within one year42/48 | €54k | €38k | €34k | €38k | ▲ 9.4% |
| Current portion of amounts payable after more than one year42 | €3k | €6k | €3k | €3k | ▼ 20.9% |
| Trade debts44 | €13k | €2k | €3k | €7k | ▲ 136% |
| Suppliers440/4 | €13k | €2k | €3k | €7k | ▲ 136% |
| Taxes, remuneration and social security45 | €7k | €7k | €5k | €5k | ▼ 9.7% |
| Taxes450/3 | €7k | €6k | €4k | €3k | ▼ 14.6% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | = |
| Other amounts payable47/48 | €31k | €22k | €23k | €23k | ▲ 2.8% |
| Accrued charges and deferred income492/3 | - | - | €16 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €25k | €8k | €28k | ▲ 253% |
| + Depreciation and write-downs630 | €10k | €10k | €15k | €16k | ▲ 6.9% |
| Operating cash flow (approximation) | €16k | €35k | €23k | €44k | ▲ 90.8% |
| Investment in fixed assets (approximation) | - | €-42k | €-3k | €-11k | ▼ 331% |
| Change in cash | - | €-6k | €11k | €25k | ▲ 125% |
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
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2022net €28k ▲253%
Operating result €35k, net result €28k, both a record.
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 · 1 establishment unit since 2020
Ground area
796 m²
Building footprint
108 m²
Volume, LiDAR
609 m³
Parcel 34354C0510/00M000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nester
since 20202.311.160.701
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0510/00M000 | Flanders | 796 m² | 1 · 108 m² | 10.4 m · 2 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.
Recognitions · licences · registrations
Recognised contractor
5 categoriesNester BV43740
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ADvision
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Of 685 companies in sector 74112 we hold annual accounts for 312. 214 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
Founded09-10-2020
Fiscal year end31-03
Activities, NACEBEL 2025
74112Other professional, scientific and technical activities
16110Sawmilling and planing of wood
16281Manufacture of other wood products
18130Pre-press and pre-media services
31001Manufacture of furniture
31002Manufacture of furniture
Contact
Scores and ratios are computed by Checked and are not a credit decision.