Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
NSF Europe from Machelen (Brab.), company number BE0440521936, closed financial year 2025 with a result of € 815,226 after tax. For that financial year NSF Europe recorded a gross margin of € 5.5 million and equity of € 4.1 million. Compared with financial year 2024, the result moved from € 762,927 to € 815,226. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 28, 2026.
€ 4.1 million
▲ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 815,226
▲ 7% vs 2024
Profit after tax over the fiscal year.
€ 849,488
▼ 43% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.1 million.
People and assets in 2025
51
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.2 million
▲ 10% vs 2024
€ 82,300 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.
€ 7,104
▲ € 6,060 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.2 million
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 930,746
▲ 64% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,710,820 | € 8,464,029 | - | - | |
| Gross margin | - | - | € 4,809,436 | € 5,485,530 | ▲ 14% |
| Profit after taxes | € 275,746 | € -16,475 | € 762,927 | € 815,226 | ▲ 7% |
| Equity | € 2,535,217 | € 2,518,742 | € 3,281,669 | € 4,096,895 | ▲ 25% |
| Total debts | € 3,615,185 | € 3,306,433 | € 3,005,507 | € 2,109,386 | ▼ 30% |
| Cash | € 343,555 | € 278,612 | € 1,497,236 | € 849,488 | ▼ 43% |
| Land & buildings | € 195,005 | € 158,549 | - | - | |
| Retained profit | € 542,543 | € 526,068 | € 1,288,994 | € 2,104,220 | ▲ 63% |
| Bank debt | € 380,000 | € 400,000 | € 500,000 | € 0 | ▼ 100% |
| Balance sheet total | € 6,169,903 | € 5,844,676 | € 6,287,176 | € 6,206,281 | ▼ 1% |
| Employees (FTE) | 50.9 | 50.4 | 51.2 | 51 | ▼ 0.2 |
Key figures of NSF Europe, 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 NSF Europe?
What happened at NSF Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 815,226 (▲ 7% vs 2024). filed late Source: NBB ↗
- Jamie Malkiewicz became a director. NBB
- Laura Tackett stepped down as director. NBB
- Vincent Boks became a director. NBB
- Laura Tackett became a director. NBB
- New establishment in Machelen (Brab.). KBO
- Start of the company according to the CBE. KBO
In short
From € 275,746 profit in 2022 to € 815,226 profit in 2025.
Paid € 385,808 in corporate taxes since 2022.
Best year ever: 2025, with € 815,226 profit.
On average € 107,600 of value added per employee in 2025.
Management
Behind NSF Europe are Jamie Malkiewicz and Vincent Boks. The shares are held by NSF International UK Ltd (100%). It owns 100% of NSF France, 100% of EC Bul Ltd and 20% of NSF Romania srl itself.
Directors
According to the 2025 annual accounts
Jamie Malkiewicz
Director
since 2026
since 2023
since 2022 · until 2026
Shareholders
NSF International UK Ltd
100%
Participations
NSF France
100%
EC Bul Ltd
100%
NSF Romania srl
20%
Establishments
Establishment units
Physical locations of this company
De Kleetlaan 12A
1831 Machelen (Brab.)
De Kleetlaan 12a
1831 Machelen (Brab.)
Active since 15 May 1990
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0440.521.936
- VAT number
- BE 0440.521.936
- Registered office
- De Kleetlaan 12A, 1831 Machelen (Brab.)
- Names & denominations
- NSF Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 April 1990
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
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