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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Shrinking team NBB
FTE fell two years in a row, from 81.5 to 64.1.
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Busy address KBO
27 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
NSE PRODUCTS EUROPE from Zaventem, company number BE0642635688, closed financial year 2025 with a result of € 1.4 million after tax. For that financial year NSE PRODUCTS EUROPE recorded revenue of € 123.1 million and equity of € 10.1 million. Compared with financial year 2024, the result moved from € 2.4 million to € 1.4 million. 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 June 23, 2026.
€ 10.1 million
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.4 million
▼ 42% vs 2024
Profit after tax over the fiscal year.
€ 8.2 million
▲ € 6.9 million 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 € 10 million.
People and assets in 2025
64.1
▼ 10.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.4 million
▼ 9% vs 2024
€ 99,400 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.
€ 37,511
▼ 46% 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.
€ 10 million
▲ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 31 days on average.
€ 1.3 million
▼ 33% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 174,787,811 | € 162,531,866 | € 139,793,382 | € 123,082,493 | ▼ 12% |
| Profit after taxes | € 3,712,746 | € 3,441,076 | € 2,375,208 | € 1,375,033 | ▼ 42% |
| Equity | € 2,875,869 | € 6,316,945 | € 8,692,153 | € 10,067,186 | ▲ 16% |
| Total debts | € 42,036,012 | € 35,888,071 | € 23,699,441 | € 23,450,949 | ▼ 1% |
| Cash | € 11,922,595 | € 6,159,468 | € 1,255,759 | € 8,165,761 | ▲ € 6.9 million |
| Retained profit | € 2,835,869 | € 6,276,945 | € 8,652,153 | € 10,027,186 | ▲ 16% |
| Dividend | € 3,500,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 44,925,770 | € 42,235,571 | € 32,438,816 | € 33,582,024 | ▲ 4% |
| Employees (FTE) | 68 | 81.5 | 74.9 | 64.1 | ▼ 10.8 |
Key figures of NSE PRODUCTS 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 NSE PRODUCTS EUROPE?
What happened at NSE PRODUCTS 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 € 1.4 million (▼ 42% vs 2024). Source: NBB ↗
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.7 million profit in 2022 to € 1.4 million profit in 2025.
Paid € 4.4 million in corporate taxes since 2022.
Best year ever: 2022, with € 3.7 million profit.
Paid out € 3.5 million in dividends to the owners in total.
A new publication or filing at NSE PRODUCTS EUROPE? We notify you, reason included.
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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
Behind NSE PRODUCTS EUROPE are Ryan Napierski and Michiel Sinot.
Directors
According to the 2025 annual accounts
Ryan Napierski
Director
Michiel Sinot
Director
Establishments
Establishment units
Physical locations of this company
Da Vincilaan 9
1930 Zaventem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 27 companies are registered at this address.
All companies at this address →NORDSON BENELUX
€ 2.5 million gross margin · 2025
BDO BELGIUM
€ 45.8 million revenue · 2025
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
€ 47.6 million revenue · 2025
BDO ACCOUNTANTS & BELASTINGADVISEURS
€ 56.9 million revenue · 2025
NUSKIN BELGIUM
€ 199,179 gross margin · 2025
+22 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
- 0642.635.688
- VAT number
- BE 0642.635.688
- Registered office
- Da Vincilaan 9, 1930 Zaventem
- Names & denominations
- NSE PRODUCTS EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 November 2015
- Peppol
- Active · Active since 25 Feb 2026
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