Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
21 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
NSX from Niel, company number BE0840966838, closed financial year 2025 with a result of € 31,251 after tax. For that financial year NSX recorded a gross margin of € 2.5 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 331,391 to € 31,251. The company is profitable. 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 June 29, 2026.
€ 1.7 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 31,251
▼ 91% vs 2024
Profit after tax over the fiscal year.
€ 312,664
▲ 13% 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 € 1.7 million.
People and assets in 2025
22.8
▲ 4.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▲ 19% vs 2024
€ 99,100 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.
€ 7,087
▼ 44% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 10,281
▼ 25% vs 2024
Loans from banks and other lenders, long and short.
€ 909,804
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 237,585
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,595,602 | € 1,953,759 | € 2,374,063 | € 2,477,680 | ▲ 4% |
| Profit after taxes | € 189,555 | € 166,963 | € 331,391 | € 31,251 | ▼ 91% |
| Equity | € 1,374,313 | € 1,461,275 | € 1,712,667 | € 1,743,918 | ▲ 2% |
| Total debts | € 889,432 | € 1,218,461 | € 1,040,419 | € 1,287,984 | ▲ 24% |
| Cash | € 201,247 | € 427,653 | € 276,752 | € 312,664 | ▲ 13% |
| Retained profit | € 1,355,713 | € 1,442,675 | € 1,694,067 | € 1,725,318 | ▲ 2% |
| Dividend | € 80,000 | € 80,000 | € 80,000 | € 0 | ▼ 100% |
| Bank debt | € 2,092 | € 3,497 | € 13,776 | € 10,281 | ▼ 25% |
| Balance sheet total | € 2,263,745 | € 2,679,736 | € 2,753,086 | € 3,031,902 | ▲ 10% |
| Employees (FTE) | 14.7 | 17 | 18.5 | 22.8 | ▲ 4.3 |
Key figures of NSX, 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 NSX?
What happened at NSX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 31,251 (▼ 91% vs 2024). Source: NBB ↗
- New establishment in Niel. KBO
- Start of the company according to the CBE. KBO
In short
From € 189,555 profit in 2022 to € 31,251 profit in 2025.
Paid € 201,978 in corporate taxes since 2022.
Best year ever: 2024, with € 331,391 profit.
On average € 108,700 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
Behind NSX are Herwig Mannaert, Paul Adriaenssens and Jan Verelst. It owns 100% of Normalised Systems Inc. and 17.6% of CAST4ALL itself.
Directors
According to the 2025 annual accounts
Jan Verelst
Director
Establishments
Establishment units
Physical locations of this company
Galileilaan 15
2845 Niel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 21 companies are registered at this address.
All companies at this address →KARDECO
€ -40,718 gross margin · 2025
ADM
€ 178,215 gross margin · 2023
CAST4ALL same network
€ -46,308 gross margin · 2025
UBIS
€ 237,171 gross margin · 2025
Hemplab Institute
€ -1,306 gross margin · 2025
+16 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
- 0840.966.838
- VAT number
- BE 0840.966.838
- Registered office
- Galileilaan 15, 2845 Niel
- Names & denominations
- NSX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 November 2011
- Peppol
- Active · Active since 13 Dec 2022
- Activities · NACE
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