ACTIVE

NE.ST

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Financial year 2025 · closed on 31/12/2025

Net result

15,5 k €

-58.6% YoY

Gross margin

69,7 k €

+18.4% YoY

Equity

135 k €

+13.0% YoY

What does NE.ST do?

NE.ST is a Private limited company incorporated in 1998. Its main activity is: Agents involved in the sale of textiles, clothing, fur, footwear and leather goods. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.291.695

Incorporation

05/05/1998

Legal form

Private limited company

Registered office

Serigiersstraat 25
2020 Antwerpen · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

46160Agents involved in the sale of textiles, clothing, fur, footwear and leather goods· main 46160Agents involved in the sale of textiles, clothing, fur, footwear and leather goods

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	69,7 k €	+18.4%	58,9 k €	-15.9%	70,1 k €	+31.8%	53,2 k €	+71.8%	31 k €	-24.3%	40,9 k €	+36.4%	30 k €	+288%	-16 k €	-463%	4,4 k €	+20.7%	3,6 k €	-71.0%	12,6 k €	+212%	4 k €	-92.3%	52 k €	+52.4%	34,1 k €	-75.9%	141,5 k €	+98.7%	71,2 k €	+1424%	4,7 k €	-82.4%	26,5 k €	-38.3%	43 k €	+52.7%	28,1 k €
EBITDA	68,2 k €	+23.7%	55,2 k €	-20.0%	69 k €	+33.0%	51,9 k €	+78.5%	29,1 k €	-26.7%	39,6 k €	+64.8%	24,1 k €	+251%	-16 k €	-463%	4,4 k €	+33.4%	3,3 k €	-72.8%	12,1 k €	+238%	3,6 k €	-21.3%	4,6 k €	+3.1%	4,4 k €	-95.6%	101,1 k €	+42.7%	70,8 k €	+1884%	3,6 k €	-85.1%	24 k €	-40.1%	40,1 k €	+68.4%	23,8 k €
Operating result	28,1 k €	-45.1%	51,1 k €	-22.5%	65,9 k €	+29.9%	50,7 k €	+115%	23,6 k €	-31.9%	34,7 k €	+79.5%	19,3 k €	+221%	-16 k €	-463%	4,4 k €	+33.4%	3,3 k €	-72.8%	12,1 k €	+238%	3,6 k €	-21.3%	4,6 k €	+3.1%	4,4 k €	-95.6%	101,1 k €	+42.7%	70,8 k €	+3218%	-2,3 k €	-120%	11,3 k €	+108%	5,4 k €	+150%	-10,8 k €
Net result	15,5 k €	-58.6%	37,5 k €	-17.2%	45,3 k €	+22.0%	37,1 k €	+96.8%	18,9 k €	-35.3%	29,2 k €	+70.6%	17,1 k €	+205%	-16,3 k €	-663%	2,9 k €	+30.3%	2,2 k €	-73.2%	8,3 k €	+251%	2,4 k €	-22.4%	3 k €	+12.5%	2,7 k €	-96.9%	86,6 k €	+22.3%	70,8 k €	+502%	11,8 k €	-2.7%	12,1 k €	+69.1%	7,1 k €	+165%	-11 k €
Balance sheet
Equity	135 k €	+13.0%	119,5 k €	+45.8%	81,9 k €	+124%	36,6 k €	-50.8%	74,5 k €	+33.9%	55,6 k €	+76.7%	31,5 k €	+119%	14,4 k €	-53.0%	30,6 k €	+10.4%	27,8 k €	+8.7%	25,5 k €	+47.8%	17,3 k €	+15.8%	14,9 k €	+25.5%	11,9 k €	+29.3%	9,2 k €	+112%	-77,4 k €	+47.8%	-148,2 k €	+7.4%	-160 k €	+7.0%	-172,1 k €	+4.0%	-179,2 k €
Total assets	194 k €	+14.0%	170,1 k €	+44.0%	118,2 k €	-18.0%	144,2 k €	+55.6%	92,6 k €	+24.5%	74,4 k €	+99.9%	37,2 k €	-34.5%	56,8 k €	-71.3%	197,7 k €	-33.6%	297,7 k €	-5.0%	313,4 k €	+24.1%	252,6 k €	+254%	71,3 k €	+285%	18,5 k €	-74.4%	72,3 k €	+105%	35,3 k €	-35.6%	54,9 k €	-18.4%	67,3 k €	-23.7%	88,2 k €	-11.9%	100,1 k €
Cash	25,8 k €	-47.9%	49,6 k €	+110%	23,6 k €	-54.1%	51,4 k €	+175%	18,7 k €		–		1 k €	-95.6%	23,3 k €	+254%	6,6 k €	+63.6%	4 k €	-37.0%	6,4 k €	+106%	3,1 k €	-48.0%	6 k €	-36.3%	9,4 k €	-86.2%	68,1 k €	+95.9%	34,8 k €		–		2 k €	-91.9%	24,9 k €	+28.9%	19,3 k €
Debts	23,8 k €	-53.1%	50,7 k €	+39.8%	36,2 k €	-66.3%	107,6 k €	+496%	18 k €	-3.9%	18,8 k €	+244%	5,5 k €	-87.1%	42,4 k €	-74.6%	167 k €	-38.1%	269,9 k €	-6.2%	287,9 k €	+22.4%	235,3 k €	+317%	56,4 k €	+752%	6,6 k €	-89.5%	63,1 k €	-44.0%	112,8 k €	-44.5%	203,2 k €	-10.6%	227,3 k €	-12.7%	260,3 k €	-6.8%	279,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		0,9 ETP	-10.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Olivier Reyniers

Director · since 15 juin 2026

Active

Isabelle Wouters

Director

Active

Ended mandates

Isabelle Wouters

Manager · since 21 janvier 2019

Ended

Isabelle WOUTERS

Director · since 21 janvier 2019

Ended

MARRAS

Manager · since 15 juin 2015 · until 21 janvier 2019 · 0451.287.154

Represented by Mark Fransen

Ended

MARRAS

Manager · since 15 juin 2015 · 0451.287.154

Represented by Mark Fransen

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/06/2026	18/06/2025	24/07/2024	06/07/2023	29/08/2022	23/09/2021
General meeting	15/06/2026	16/06/2025	17/06/2024	19/06/2023	20/06/2022	21/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/06/2026	29/06/2026	Dutch	PDF
Micro model	31/12/2024	16/06/2025	18/06/2025	Dutch	PDF
Micro model	31/12/2023	17/06/2024	24/07/2024	Dutch	PDF
Micro model	31/12/2022	19/06/2023	06/07/2023	Dutch	PDF
Micro model	31/12/2021	20/06/2022	29/08/2022	Dutch	PDF
Micro model	31/12/2020	21/06/2021	23/09/2021	Dutch	PDF
Micro model	31/12/2019	24/08/2020	29/09/2020	Dutch	PDF
Micro model	31/12/2018	21/01/2019	12/06/2019	Dutch	PDF
Abridged model	31/12/2017	18/06/2018	12/07/2018	Dutch	PDF
Abridged model	31/12/2016	19/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	05/07/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	18/06/2015	Dutch	PDF
Abridged model	31/12/2013	16/06/2014	19/06/2014	Dutch	PDF
Abridged model	31/12/2012	17/06/2013	20/08/2013	Dutch	PDF
Abridged model	31/12/2011	19/06/2012	04/07/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	21/09/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	30/08/2009	Dutch	PDF
Abridged model	31/12/2007	20/05/2008	12/08/2008	Dutch	PDF
Abridged model	31/12/2006	20/06/2007	30/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 2 active · 15 ended

Active mandates

Olivier Reyniers

Director · since 15 juin 2026

Active

Isabelle Wouters

Director

Active

Ended mandates

Isabelle Wouters

Manager · since 21 janvier 2019

Ended

Isabelle WOUTERS

Director · since 21 janvier 2019

Ended

MARRAS

Manager · since 15 juin 2015 · until 21 janvier 2019 · 0451.287.154

Represented by Mark Fransen

Ended

MARRAS

Manager · since 15 juin 2015 · 0451.287.154

Represented by Mark Fransen

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/07/2026
ONTSLAGEN, BENOEMINGEN
PDF
Other21/05/2024
Het geheel in overeenstemming brengen van de statuten met de bepalingen
PDF
Registered office09/06/2023
MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
PDF
Registered office18/10/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/03/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/09/2015
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2005
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

2025
Annual accounts 202515,5 k €↓
2024
Annual accounts 202437,5 k €↓
2023
Annual accounts 202345,3 k €↑
2022
Annual accounts 202237,1 k €↑
2021
Annual accounts 202118,9 k €↓
2020
Annual accounts 202029,2 k €↑
2019
Annual accounts 201917,1 k €↑
2018
Annual accounts 2018-16,3 k €↓
2017
Annual accounts 20172,9 k €↑
2016
Annual accounts 20162,2 k €↓
2015
Annual accounts 20158,3 k €↑
2014
Annual accounts 20142,4 k €↓
2013
Annual accounts 20133 k €↑
2012
Annual accounts 20122,7 k €↓
2011
Annual accounts 201186,6 k €↑
2010
Annual accounts 201070,8 k €↑
2009
Annual accounts 200911,8 k €↓
2008
Annual accounts 200812,1 k €↑
2007
Annual accounts 20077,1 k €↑
2006
Annual accounts 2006-11 k €
05/05/1998
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

NE.ST

Overview

What does NE.ST do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline