ACTIVE

NERVA

Financial year 2025 · closed on 31/12/2025
Net result
2,1 k €
-99.3% YoY
Revenue
11,2 M €
+1.6% YoY
Equity
7,6 M €
+0.0% YoY
Workforce
48,5 ETP
+4.5% YoY

What does NERVA do?

NERVA is a Public limited company incorporated in 1963. Its registered office is in Harelbeke. It employs on average 48,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0405.419.319
Incorporation
19/07/1963
Legal form
Public limited company
Registered office
Kortrijksesteenweg 244
8530 Harelbeke · FlandreSee on map
Contributed capital
2 504 000,00 €
Latest accounts
31/12/2025
Average workforce
48,5 ETP
Joint committees (3)
  • 10602
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201120102009200820072006
Income statement
Revenue11,2 M €11,1 M €15,2 M €12,6 M €10,1 M €9,5 M €9,7 M €10 M €9,4 M €8,4 M €7,9 M €6,4 M €6,3 M €8,5 M €7,1 M €8,7 M €11,1 M €9,6 M €9,2 M €
EBITDA586,9 k €898,2 k €1,9 M €535 k €575,9 k €372,1 k €989,3 k €1,1 M €1 M €802,6 k €541,8 k €144,7 k €278,6 k €676,2 k €445,1 k €1 M €1,5 M €1,5 M €1,5 M €
Operating result53,2 k €375,3 k €1,4 M €15,9 k €29,1 k €-155,7 k €569,3 k €799,1 k €739,1 k €644,4 k €388,3 k €-23,6 k €89,5 k €415,3 k €49,5 k €665,6 k €1,1 M €1,1 M €1,2 M €
Net result2,1 k €282,1 k €1,2 M €35,5 k €3,8 k €-199 k €607,2 k €782,1 k €774 k €574,9 k €334 k €-50,1 k €119 k €471,4 k €192,2 k €536,3 k €801,2 k €815,4 k €856,9 k €
Balance sheet
Equity7,6 M €7,6 M €7,3 M €6,2 M €6,1 M €6,1 M €6,3 M €5,7 M €4,9 M €4,2 M €3,6 M €3,3 M €3,6 M €6,9 M €6,4 M €6,2 M €5,7 M €4,9 M €4 M €
Total assets9,5 M €9,3 M €11,1 M €9,6 M €9,3 M €9,6 M €9,7 M €8,6 M €6,1 M €5,1 M €4,9 M €4,3 M €4,9 M €8,9 M €8 M €7,5 M €7,5 M €6,1 M €5,3 M €
Cash1,1 M €1,3 M €2,2 M €909,7 k €444,3 k €653 k €879,9 k €2 M €1,6 M €2 M €1,1 M €1,7 M €1,1 M €233,7 k €443,5 k €2 M €3,1 M €2,4 M €1,1 M €
Debts1,9 M €1,7 M €3,7 M €3,5 M €3,2 M €3,5 M €3,4 M €2,7 M €1 M €916,9 k €1,3 M €1,1 M €1,3 M €2 M €1,6 M €1,3 M €1,8 M €1,2 M €1,3 M €
Other
Workforce48,5 ETP46,4 ETP44,9 ETP46,2 ETP44,9 ETP42,0 ETP42,5 ETP44,8 ETP44,7 ETP43,1 ETP44,8 ETP49,4 ETP47,9 ETP42,9 ETP43,5 ETP44,4 ETP41,3 ETP40,6 ETP41,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 35 ended

Active mandates

Franck Muller

Director · since 17 décembre 2025 · until 17 décembre 2031

Active
Gauthier Lesage

Director · since 17 décembre 2025 · until 17 décembre 2031

Active
Ronan Blanchard

Director · since 17 décembre 2025 · until 17 décembre 2031

Active
ANSE

Director · since 28 janvier 2021 · until 17 décembre 2025 · 0526.926.962

Represented by Erik Geerts

Active
Ivan Vansteenkiste

Director · since 28 janvier 2021 · until 17 décembre 2025

Active
Remi Lesage

Director · since 28 janvier 2021 · until 17 décembre 2025

Active

Ended mandates

ANSE

Director · since 28 janvier 2021 · until 24 juin 2027 · 0526.926.962

Represented by Erik Geerts

Ended
Franck Muller

Director · since 28 janvier 2021 · until 24 juin 2027

Ended
Ivan Vansteenkiste

Director · since 28 janvier 2021 · until 24 juin 2027

Ended
Jan Haerens

Director · since 28 janvier 2021 · until 30 septembre 2025

Ended
At this address

Other companies at this address

CompanyCBE no.
0453.707.602
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/07/202610/07/202511/07/202417/07/202306/07/202215/07/2021
General meeting25/06/202627/06/202521/03/202423/06/202324/06/202208/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202525/06/202616/07/2026DutchPDF
Full model31/12/202427/06/202510/07/2025DutchPDF
Full model31/12/202321/03/202411/07/2024DutchPDF
Full model31/12/202223/06/202317/07/2023DutchPDF
Full model31/12/202124/06/202206/07/2022DutchPDF
Full model31/12/202008/05/202115/07/2021DutchPDF
Full model31/12/201911/03/202016/06/2020DutchPDF
Full model31/12/201812/03/201911/07/2019DutchPDF
Full model31/12/201716/03/201830/05/2018DutchPDF
Full model31/12/201616/03/201726/04/2017DutchPDF
Full model31/12/201511/05/201612/07/2016DutchPDF
Full model31/12/201424/03/201501/06/2015DutchPDF
Full model31/12/201314/05/201416/07/2014DutchPDF
Full model31/12/201203/07/201310/07/2013DutchPDF
Full model31/12/201126/06/201208/08/2012DutchPDF
Full model31/12/201014/05/201110/06/2011DutchPDF
Full model31/12/200908/05/201002/06/2010DutchPDF
Full model31/12/200809/05/200902/06/2009DutchPDF
Full model31/12/200710/05/200804/06/2008DutchPDF
Full model31/12/200612/05/200729/05/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 35 ended

Active mandates

Franck Muller

Director · since 17 décembre 2025 · until 17 décembre 2031

Active
Gauthier Lesage

Director · since 17 décembre 2025 · until 17 décembre 2031

Active
Ronan Blanchard

Director · since 17 décembre 2025 · until 17 décembre 2031

Active
ANSE

Director · since 28 janvier 2021 · until 17 décembre 2025 · 0526.926.962

Represented by Erik Geerts

Active
Ivan Vansteenkiste

Director · since 28 janvier 2021 · until 17 décembre 2025

Active
Remi Lesage

Director · since 28 janvier 2021 · until 17 décembre 2025

Active

Ended mandates

ANSE

Director · since 28 janvier 2021 · until 24 juin 2027 · 0526.926.962

Represented by Erik Geerts

Ended
Franck Muller

Director · since 28 janvier 2021 · until 24 juin 2027

Ended
Ivan Vansteenkiste

Director · since 28 janvier 2021 · until 24 juin 2027

Ended
Jan Haerens

Director · since 28 janvier 2021 · until 30 septembre 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/12/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/03/2021
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates06/04/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/05/2019
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20252,1 k €
  2. 2024
    Annual accounts 2024282,1 k €
  3. 2023
    Annual accounts 20231,2 M €
  4. 2022
    Annual accounts 202235,5 k €
  5. 2021
    Annual accounts 20213,8 k €
  6. 2020
    Annual accounts 2020-199 k €
  7. 2019
    Annual accounts 2019607,2 k €
  8. 2018
    Annual accounts 2018782,1 k €
  9. 2017
    Annual accounts 2017774 k €
  10. 2016
    Annual accounts 2016574,9 k €
  11. 2015
    Annual accounts 2015334 k €
  12. 2014
    Annual accounts 2014-50,1 k €
  13. 2013
    Annual accounts 2013119 k €
  14. 2011
    Annual accounts 2011471,4 k €
  15. 2010
    Annual accounts 2010192,2 k €
  16. 2009
    Annual accounts 2009536,3 k €
  17. 2008
    Annual accounts 2008801,2 k €
  18. 2007
    Annual accounts 2007815,4 k €
  19. 2006
    Annual accounts 2006856,9 k €
  20. 19/07/1963
    IncorporationPublic limited company