Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Nelson from Knokke-Heist, company number BE0427611929, closed financial year 2025 with a result of € 77,986 after tax. For that financial year Nelson recorded a gross margin of € 1.4 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 49,398 to € 77,986. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 1.2 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 77,986
▲ 58% vs 2024
Profit after tax over the fiscal year.
€ 353,566
▲ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 30,415 paid out
39 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
17.7
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 755,258
▼ 3% vs 2024
€ 42,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,981
▼ 10% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.9 million
▼ 17% vs 2024
€ 117,860 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 516,631
▲ € 428,835 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 100,532
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,307,419 | € 1,392,888 | € 1,409,626 | € 1,429,033 | ▲ 1% |
| Profit after taxes | € 95,932 | € 51,816 | € 49,398 | € 77,986 | ▲ 58% |
| Equity | € 1,294,361 | € 1,225,714 | € 1,140,314 | € 1,187,885 | ▲ 4% |
| Total debts | € 2,862,521 | € 3,273,745 | € 2,754,977 | € 2,736,523 | ▼ 1% |
| Cash | € 756,397 | € 810,059 | € 340,981 | € 353,566 | ▲ 4% |
| Land & buildings | € 931,871 | € 911,304 | € 890,847 | € 877,190 | ▼ 2% |
| Retained profit | € 947,804 | € 879,158 | € 793,757 | € 841,329 | ▲ 6% |
| Dividend | € 46,860 | € 120,463 | € 134,798 | € 30,415 | ▼ 77% |
| Bank debt | € 2,514,747 | € 2,288,232 | € 2,342,438 | € 1,948,909 | ▼ 17% |
| Balance sheet total | € 4,156,881 | € 4,499,459 | € 3,895,291 | € 3,924,408 | ▲ 1% |
| Employees (FTE) | 19.9 | 17.2 | 16.3 | 17.7 | ▲ 1.4 |
Key figures of Nelson, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Nelson?
What happened at Nelson in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 77,986 (▲ 58% vs 2024). Source: NBB ↗
- MARTINVEST NV stepped down as director. NBB
- GeVe BV stepped down as director. NBB
- FREGOE BV stepped down as director. NBB
- MARTINVEST NV became a director. NBB
- GeVe BV became a director. NBB
- FREGOE BV became a director. NBB
- New establishment in Knokke-Heist. KBO
In short
From € 95,932 profit in 2022 to € 77,986 profit in 2025.
Paid € 83,432 in corporate taxes since 2022.
Best year ever: 2022, with € 95,932 profit.
On average € 80,700 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of MARTINVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NelsonThe shares are held by MARTINVEST (10%).
Directors
According to the 2025 annual accounts
Managing director · represented by Isabelle Goethals
since 2020 · until 2026
Managing director · represented by John Verwee
since 2020 · until 2026
since 2020 · until 2026
Shareholders
10%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Meerminlaan 36
8300 Knokke-Heist
Meerminlaan 22
8300 Knokke-Heist
Active since 11 June 1993
Zonnelaan 16
8300 Knokke-Heist
Active since 1 April 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.611.929
- VAT number
- BE 0427.611.929
- Registered office
- Meerminlaan 36, 8300 Knokke-Heist
- Names & denominations
- Nelson
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 July 1985
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Hotels en motels, met restaurant
Hotels en dergelijke accommodatie