NSF BELGIUM
ActiveNSF BELGIUM has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.14M and a net result of €537k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 83% of 563 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▲+15
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days only on tighter terms
Liquidity ample (current ratio 4.24 against 5.03 in 2023; short-term debt: 18.2% and cash: 16.4% of total assets), and 20.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 74
lower
← 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 2024Solvency, return and age of the figures
Solvency
79.3%
Return on assets
13.6%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-01-2026, 180 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
180 d late
2023
230 d late
2022
80 d late
2021
23 d late
2020
27 d late
2019
4 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€3.14M▲ 20.6%
2023 · €2.60M
2018: €1.33M
2019: €1.56M
2020: €1.85M
2021: €2.26M
2022: €2.54M
2023: €2.60M
2018 → 2024
Total assets
€3.95M▲ 22.2%
2023 · €3.24M
2018: €1.85M
2019: €2.10M
2020: €2.42M
2021: €2.86M
2022: €2.94M
2023: €3.24M
2018 → 2024
Net result
€537k▲ 752%
2023 · €63k
2018: €219k
2019: €225k
2020: €294k
2021: €409k
2022: €279k
2023: €63k
2018 → 2024
Working capital
€2.32M▼ 8.2%
2023 · €2.53M
2018: €1.23M
2019: €1.47M
2020: €1.75M
2021: €2.17M
2022: €2.47M
2023: €2.53M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.85M-€2.26M▲ 22.1%€2.54M▲ 12.4%€2.60M▲ 2.5%€3.14M▲ 20.6%
Operating result€436k-€576k▲ 32.1%€445k▼ 22.6%€181k▼ 59.5%€595k▲ 230%
Net result€294k-€409k▲ 39.4%€279k▼ 31.8%€63k▼ 77.4%€537k▲ 752%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 230% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.95M
Fixed assets
€913k▲ 1,083%
Current assets
€3.04M▼ 3.7%
Equity and liabilities €3.95M
Equity
€3.14M▲ 20.6%
Debt
€817k▲ 28.9%
The debt ratio rises from 19.6% to 20.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€676k▲
2023 · €197k
Cash flow
€617k▲
2023 · €79k
Solvency
79.3%▼
2023 · 80.4%
Current ratio
4.24▼
2023 · 5.03
Quick ratio
4.24▼
2023 · 5.03
Debt / equity
0.26▲
2023 · 0.24
ROE
17.1%▲
2023 · 2.4%
ROA
13.6%▲
2023 · 1.9%
Interest coverage
16.36▲
2023 · 10.31
Debt
€817k▲
2023 · €634k
Debt ≤ 1 year
€718k▲
2023 · €628k
Income taxes
€49k▼
2023 · €137k
Staff costs
€3.33M▲
2023 · €2.14M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.24M€3.95M▲
Fixed assets21/28€77k€913k▲
Tangible fixed assets22/27€11k€847k▲
Land and buildings22€8k-
Plant, machinery and equipment23-€1k
Furniture and vehicles24€3k€152k▲
Other tangible fixed assets26-€694k
Financial fixed assets28€66k€67k▲
Current assets29/58€3.16M€3.04M▼
Amounts receivable after more than one year29€1.30M€1.06M▼
Other amounts receivable291€1.30M€1.06M▼
Amounts receivable within one year40/41€1.47M€1.30M▼
Trade receivables40€722k€925k▲
Other amounts receivable41€753k€372k▼
Cash at bank and in hand54/58€230k€647k▲
Deferred charges and accrued income490/1€153k€37k▼
Equity and liabilities
Total equity and liabilities10/49€3.24M€3.95M▲
Equity10/15€2.60M€3.14M▲
Contributions10/11€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k-
Reserves not available under the articles1311€6k-
Distributable reserves133-€6k
Profit (loss) carried forward14€2.53M€3.07M▲
Amounts payable17/49€634k€817k▲
Amounts payable within one year42/48€628k€718k▲
Trade debts44€159k€137k▼
Suppliers440/4€159k€137k▼
Taxes, remuneration and social security45€469k€581k▲
Taxes450/3€69k-
Remuneration and social security454/9€400k€581k▲
Accrued charges and deferred income492/3€6k€99k▲
Income statement
Code20232024
Non-recurring operating income76A-€91k
Remuneration, social security and pensions62€2.14M€3.33M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€81k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€435▼
Other operating charges640/8€6k€14k▲
Non-recurring operating charges66A€95€3k▲
Gross operating margin9900€2.35M€4.03M▲
Operating profit (loss)9901€181k€595k▲
Financial income75/76B€38k€32k▼
Recurring financial income75€38k€32k▼
Financial charges65/66B€19k€41k▲
Recurring financial charges65€19k€41k▲
Profit (loss) for the period before taxes9903€200k€586k▲
Income taxes67/77€137k€49k▼
Profit (loss) for the period9904€63k€537k▲
Profit (loss) for the period to be appropriated9905€63k€537k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.53M€3.07M▲
Profit (loss) brought forward from the previous period14P€2.47M€2.53M▲
Social balance
Average headcount (FTE)908713.521.7▲
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
2026
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 180 days late
2025
06-10
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment · Permanent representative3 facts ▸
- General meeting, 2025-09-02
- Auditor appointment, VCLJ Bedrijfsrevisoren BV (commissaris)
- Permanent representative, KILIAN Patrick
25-03
State Gazette act
RestructuringBoard meeting · Merger · Capital16 facts ▸
State Gazette act
Restructuring
Board meeting · Merger · Capital16 facts ▸
- Board meeting, 2025-03-12
- Merger, Geruisloze Zusterfusie
- Capital, €1.992.674,68
- Corporate purpose, Het voorwerp van de onderneming is het verlenen van adviesdiensten in de verschillende industriële en dienstensectoren. Dit advies omvat: kwaliteitsaudits (glob…
- Board composition, bestuurder en gedelegeerd bestuurder, 2025-03-12
- Board composition, bestuurder, 2025-03-12
- Board composition, bestuurder, 2025-03-12
- Capital, €61.500
- Corporate purpose, De vennootschap heeft tot voorwerp, zowel voor eigen rekening als voor rekening van derden, in België als in het buitenland, voor zover daartoe de eventuele ver…
- Board composition, bestuurder en gedelegeerd bestuurder, 2025-03-12
- Board composition, bestuurder, 2025-03-12
- Accounting effect, 2025-01-01
- +4 further facts in this act
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 230 days late
2024
31-12
Financial
Highest result since 2018net €537k ▲752%
Operating result €595k, net result €537k, both a record.
03-01
State Gazette act
Registered office · Statutes amendment · Legal-form changeGeneral meeting · Reserve release · Statutes amendment7 facts ▸
State Gazette act
Registered office · Statutes amendment · Legal-form change
General meeting · Reserve release · Statutes amendment7 facts ▸
- General meeting, 2022-12-26
- Reserve release, Omvorming van de statutair onbeschikbare eigenvermogensrekening in een beschikbare eigenvermogensrekening
- Statutes amendment
- Corporate purpose, De vennootschap heeft tot voorwerp, zowel voor eigen rekening als voor rekening van derden, in België als in het buitenland, voor zover daartoe de eventuele ver…
- Capital
- Registered-office move, 1831 Machelen, De Kleetlaan 12A
- Legal-form change, Besloten vennootschap
2023
31-12
Financial
Weakest financial yearnet €63k ▼77.4%
Net result drops to €63k, the lowest in the series; recovery starts the following year.
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 80 days late
21-02
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment6 facts ▸
- General meeting, 2023-01-12
- Director resignation, Michael Walsh (bestuurder)
- Director appointment, Laura Tackett (bestuurder)
- Mandate compensation, Laura Tackett
- General meeting, 2023-02-02
- Director resignation, Hans Lankheit (bestuurder)
2022
06-09
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Mandate compensation5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Mandate compensation5 facts ▸
- General meeting, 2022-08-11
- Director appointment, Vincent Boks (bestuurder)
- Mandate compensation, Vincent Boks
- Board meeting, 2022-08-12
- Director appointment, Vincent Boks (persoon verantwoordelijk voor het dagelijks bestuur (gedelegeerd bestuurder))
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
09-05
State Gazette act
Resignations & appointmentsBoard meeting · Director resignation · Power of attorney3 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director resignation · Power of attorney3 facts ▸
- Board meeting, 2022-04-22
- Director resignation, Christian Kurdy (bestuurder en persoon verantwoordelijk voor het dagelijks bestuur)
- Power of attorney, NautaDutilh BV
12-04
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor reappointment · Director appointment4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor reappointment · Director appointment4 facts ▸
- General meeting, 2022-04-01
- Auditor reappointment, 3 years
- Director appointment, Nico Houthaeve (vertegenwoordiger)
- Power of attorney, Mazars ALTOS BV
2021
31-12
Financial
Equity above €2MEq €2.26M ▲22.1%
4 profitable years in a row build equity to €2.26M.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 4 days late
07-07
State Gazette act
Resignations & appointmentsBoard meeting · General meeting · Director resignation6 facts ▸
State Gazette act
Resignations & appointments
Board meeting · General meeting · Director resignation6 facts ▸
- Board meeting, 2020-06-17
- General meeting, 2020-06-17
- Director resignation, Tarik Bellahcene (bestuurder)
- Director appointment, Christian Kurdy (gedelegeerd bestuurder)
- Director appointment, Christian Kurdy (bestuurder)
- Director appointment, Hans Lankheit (bestuurder)
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
12-04
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor reappointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor reappointment2 facts ▸
- General meeting, 2019-03-08
- Auditor reappointment, boekjaren welke een einde nemen op 31/12/2018, 31/12/2019 en 31/12/2020
2018
07-11
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Mandate compensation4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Mandate compensation4 facts ▸
- General meeting, 2018-06-30
- Director appointment, Michael Walsh (zaakvoerder)
- Mandate compensation, Michael Walsh
- Power of attorney, Mazars Accounting, Legal, Tax & Outsourcing Services
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
23-12
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor reappointment · Mandate compensation3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor reappointment · Mandate compensation3 facts ▸
- General meeting, 2015-10-29
- Auditor reappointment, boekjaren welke een einde nemen op 31/12/2015, 31/12/2016 en 31/12/2017
- Mandate compensation, Deloitte Bedrijfsrevisoren / Réviseurs d'Entreprises BV CVBA
08-05
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Mandate compensation3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Mandate compensation3 facts ▸
- General meeting, 2014-12-05
- Director resignation, KL & CO BVBA (zaakvoerder)
- Mandate compensation, Tarik Bellahcene
2014
10-07
State Gazette act
Registered office · Resignations & appointmentsBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office · Resignations & appointments
Board meeting · Registered-office move2 facts ▸
- Board meeting, 2014-05-27
- Registered-office move, Ikaroslaan 79, 1930 Zaventem
2012
18-06
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment5 facts ▸
- General meeting, 2012-05-11
- Director resignation, Koen Bontinck (zaakvoerder)
- Director appointment, KL & Co (zaakvoerder)
- Permanent representative, Koen Bontinck
- Mandate compensation, KL & Co
30-01
State Gazette act
Statutes amendment · Resignations & appointmentsGeneral meeting · Statutes amendment · Power of attorney7 facts ▸
State Gazette act
Statutes amendment · Resignations & appointments
General meeting · Statutes amendment · Power of attorney7 facts ▸
- General meeting, 2011-12-28
- Statutes amendment
- Power of attorney, Mazars Legal Services
- Director resignation, Robert James FERGUSON (zaakvoerder)
- Director resignation, Kevan Paul LAWLOR (zaakvoerder)
- Board composition, niet-statutaire zaakvoerder, 2011-12-28
- Board composition, niet-statutaire zaakvoerder, 2011-12-28
2011
11-05
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment2 facts ▸
- General meeting, 2011-06-30
- Auditor appointment, Deloitte Bedrijfsrevisoren/Reviseurs d'Entreprises SC SCRL (commissaris)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 directors, no change since 2023
Laura Tackett
CurrentDirector · since 12-01-2023
Vincent Boks
CurrentPersoon verantwoordelijk voor het dagelijks bestuur (gedelegeerd bestuurder) · since 11-08-2022
KL & CO
Not recently confirmedManager · since 15-05-2012 · Private limited company · perm. rep.: Koen Bontinck
02-02-2023
Hans Lankheit: Resigned as Director
12-01-2023
Laura Tackett: Appointed as Director
22-11-2022
Michael Walsh: Resigned as Director
12-08-2022
Vincent Boks: Appointed as Persoon verantwoordelijk voor het dagelijks bestuur (gedelegeerd bestuurder)
11-08-2022
Vincent Boks: Appointed as Director
01-05-2022
Christian Kurdy: Resigned as Bestuurder en persoon verantwoordelijk voor het dagelijks bestuur
17-06-2020
Hans Lankheit: Appointed as Director
17-06-2020
Christian Kurdy: Appointed as Managing director
17-06-2020
Christian Kurdy: Appointed as Director
19-05-2020
Tarik Bellahcene: Resigned as Director
01-06-2018
Michael Walsh: Appointed as Manager
05-12-2014
KL & CO BVBA: Resigned as Manager
15-05-2012
KL & CO: Appointed as Manager
15-05-2012
Koen Bontinck: Resigned as Manager
28-12-2011
Kevan Paul LAWLOR: Resigned as Manager
01-07-2011
Robert James FERGUSON: Resigned as Manager
Location & real-estate footprint
Registered office, Machelen (Brab.) · 1 establishment unit since 2008
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.
De Kleetlaan 12A1831 Machelen (Brab.)Ground area
6,880 m²
Building footprint
2,579 m²
Volume, LiDAR
54,692 m³
Parcel 23015B0091/00Y003, Flanders · tallest building 27.1 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
NSF Belgium
since 20082.176.104.433
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0091/00Y003 | Flanders | 6,880 m² | 1 · 2,579 m² | 27.1 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
2 auditors| VCLJ BEDRIJFSREVISORENCurrent Statutory auditor · represented by KILIAN Patrick | 02-09-2025 → present |
Show 1 earlier auditors
| Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises Auditor succeeded by VCLJ BEDRIJFSREVISOREN in 2025 | 30-06-2011 → 02-09-2025 |
Structure & network
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
NSF BELGIUMBE 0808.875.377
Acquisitions and mergers
1 transactionTaken over by:NSF Euro Consultants
Similar companies · same sector, comparable size
Schneider Electric ESS
BE 0883.044.151
Waregem · Eq €3.21M
Care For Future Group
BE 0716.816.736
Beringen · Eq €2.94M
HUBOIS
BE 0463.141.940
Keerbergen · Eq €2.93M
JuuNoo
BE 0666.679.020
Anzegem · Eq €3.42M
Storm Olen
BE 0754.810.052
Antwerpen · Eq €2.84M
Of 4,563 companies in sector 74999 we hold annual accounts for 1,938. 402 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-01-2009
Fiscal year end31-12
Activities, NACEBEL
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.