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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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NECON from Tongeren-Borgloon, company number BE0449805034, closed financial year 2025 with a result of € 9,840 after tax. For that financial year NECON recorded a gross margin of € 432,268 and equity of € 180,923. Compared with financial year 2024, the result moved from € 16,844 to € 9,840. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 180,923
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,840
▼ 42% vs 2024
Profit after tax over the fiscal year.
€ 10,510
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 164,798.
People and assets in 2025
€ 278,668
▲ 2% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 49,487
▲ 119% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 568,027
▼ 5% vs 2024
€ 103,872 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 28,984
▼ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 53,708
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 236,848 | € 349,819 | € 402,476 | € 432,268 | ▲ 7% |
| Profit after taxes | € 161 | € 22,671 | € 16,844 | € 9,840 | ▼ 42% |
| Equity | € 131,569 | € 154,240 | € 171,084 | € 180,923 | ▲ 6% |
| Total debts | € 625,967 | € 552,294 | € 726,565 | € 656,704 | ▼ 10% |
| Cash | € 10,192 | € 42,968 | - | € 10,510 | |
| Land & buildings | € 408,894 | € 396,553 | € 384,212 | € 371,871 | ▼ 3% |
| Retained profit | € 115,444 | € 138,115 | € 154,958 | € 164,798 | ▲ 6% |
| Bank debt | € 512,975 | € 444,053 | € 598,174 | € 568,027 | ▼ 5% |
| Balance sheet total | € 757,537 | € 706,534 | € 897,649 | € 837,628 | ▼ 7% |
Key figures of NECON, 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 NECON?
What happened at NECON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9,840 (▼ 42% vs 2024). Source: NBB ↗
- New establishment in Tongeren-Borgloon. KBO
- Start of the company according to the CBE. KBO
In short
From € 161 profit in 2022 to € 9,840 profit in 2025.
Paid € 42,806 in corporate taxes since 2022.
Best year ever: 2023, with € 22,671 profit.
Management
Behind NECON is Frank Neven. Frank Neven is also behind IGL and STEFAN JAEKEN.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Graethempoort 21 box 1
3840 Tongeren-Borgloon
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →STEFAN JAEKEN same network
€ 105,762 gross margin · 2025
Vereniging van Mede-eigenaars BLOESEMPARK - BLOK A te 3840 Borgloon, Graethempoort 21
Vereniging van Mede-eigenaars BLOESEMPARK - BLOK B te 3840 Borgloon, Graethempoort 21
Vereniging van Mede-eigenaars Residentie BLOESEMPARK - BLOK D te 3840 Borgloon, Graethempoort 21
Vereniging van Mede-eigenaars van Residentie BLOESEMPARK te 3840 Borgloon, Graethempoort 21
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0449.805.034
- VAT number
- BE 0449.805.034
- Registered office
- Graethempoort 21 bus 1, 3840 Tongeren-Borgloon
- Names & denominations
- NECON
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 1993
- Peppol
- Active · Active since 12 Feb 2025
- Activities · NACE
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