ACTIVE

NSX

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Financial year 2025 · Closed on 31/12/2025

Net result31,3 k €-90,6 %over 1 year

Gross margin2,5 M €+4,4 %over 1 year

Equity1,7 M €+1,8 %over 1 year

Workforce22,8 ETP+23,2 %over 1 year

Identity

Source · BCE/KBO

NSX is a Private limited company incorporated in 2011. Its main activity is: Computer programming activities. Its registered office is in Niel. It employs on average 22,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0840.966.838
Incorporation: 10/11/2011
Legal form: Private limited company
Registered office: Galileilaan 15
2845 Niel · FlandreSee on map
Contributed capital: 18 600,00 €
Latest accounts: 31/12/2025
Average workforce: 22,8 ETP

Activities (NACE)

62010Computer programming activities· main 62020Computer consultancy activities 62100Computer programming, consultancy and related activities 62200Computer programming, consultancy and related activities 62010Computer programming activities 62100Computer programming, consultancy and related activities+8

Joint committees (2)

200
20000

Signals

ProfitableSolid equityLow riskGood liquidityPositive EBITDAHealthy social debts

Financials

Source · NBB, 14 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,5 M €	+4.4%	2,4 M €	+21.5%	2 M €	+22.4%	1,6 M €	+16.1%	1,4 M €
EBITDA	139,1 k €	-68.3%	438,7 k €	+41.4%	310,3 k €	+5.0%	295,6 k €	+85.7%	159,1 k €
Operating result	199,6 k €	-52.9%	423,5 k €	+92.2%	220,4 k €	-23.0%	286 k €	+88.6%	151,6 k €
Net result	31,3 k €	-90.6%	331,4 k €	+98.5%	167 k €	-11.9%	189,6 k €	+104%	93 k €
Balance sheet
Equity	1,7 M €	+1.8%	1,7 M €	+17.2%	1,5 M €	+6.3%	1,4 M €	+8.7%	1,3 M €
Total assets	3 M €	+10.1%	2,8 M €	+2.7%	2,7 M €	+18.4%	2,3 M €	+12.2%	2 M €
Cash	312,7 k €	+13.0%	276,8 k €	-35.3%	427,7 k €	+113%	201,2 k €	+12.3%	179,1 k €
Debts	1,3 M €	+25.3%	1 M €	-6.6%	1,1 M €	+23.1%	886,4 k €	+17.7%	753 k €
Other
Workforce	22,8 ETP	+23.2%	18,5 ETP	+8.8%	17,0 ETP	+15.6%	14,7 ETP	-8.1%	16,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Herwig Mannaert	Director
Jan Verelst	Director
Paul Adriaenssens	Managing directorDirector2023 accountsendedManager2018 accountsended

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	16/06/2025	24/06/2024	30/06/2023	01/07/2022	02/07/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	29/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	16/06/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	01/07/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	02/07/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	24/07/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	20/08/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	23/07/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	18/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	23/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	11/07/2013	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Herwig Mannaert	Director
Jan Verelst	Director
Paul Adriaenssens	Managing directorDirector2023 accountsendedManager2018 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/07/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/10/2015
VERPLAATSING MAATSCHAPPELIJKE ZETEL
PDF
Other16/11/2011
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings14 filings

Mandates

Herwig Mannaert

Paul Adriaenssens

Jan Verelst

2011201220132014201520162017201820192020202120222023202420252026

NSX

Galileilaan 15, 2845 Niel

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Galileilaan 15, 2845 NielCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00209589

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
NSXCurrent	accounts 2012 → 2025	Accounts 2025 · 2026-00209589

Events

2025
Annual accounts 202531,3 k €↓
2024
Annual accounts 2024331,4 k €↑
2023
Annual accounts 2023167 k €↓
2022
Annual accounts 2022189,6 k €↑
2021
Annual accounts 202193 k €↓
2020
Annual accounts 2020141,5 k €↑
2019
Annual accounts 201935,6 k €↓
2018
Annual accounts 2018240,4 k €↓
2017
Annual accounts 2017308,5 k €↑
2016
Annual accounts 2016213,3 k €↑
2015
Annual accounts 2015127,3 k €↑
2014
Annual accounts 201458,8 k €↑
2013
Annual accounts 20132,7 k €↓
2012
Annual accounts 201225,1 k €
10/11/2011
IncorporationPrivate limited company

NSX

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline

Registered offices

Company names

Events