The computed 12-month bankruptcy probability of Nirmana Real Estate is 2.4% (moderate). The 2026 annual accounts show equity of €61,500. Its solvency ranks better than 95% of 296 sector peers (NACE 47, financial year 2026). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Auditor: EY BedrijfsrevisorenAccounts 31 days early
Signalsraises riskFounded in 2024Liquidity: current ratio 1.00Size: total assets €64,499lowers riskLegal form: public limited companyneutralLatest accounts filed on timeShow the evidence
Bankruptcy probability
No current score
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
2.4%Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.6% (40,211 companies, NACE 47, micro)
Last 24 months01-2026: 2.6%02-2026: 2.6%● unchanged vs 01-202603-2026: 2.7%▲ +0.1 percentage points vs 02-202604-2026: 3.2%▲ +0.5 percentage points vs 03-2026highest value05-2026: 2.0%▼ -1.2 percentage points vs 04-2026lowest value06-2026: 2.3%▲ +0.3 percentage points vs 05-202607-2026: 2.3%● unchanged vs 06-202608-2026: 2.5%▲ +0.2 percentage points vs 07-202609-2026: 2.5%● unchanged vs 08-202610-2026: 2.4%▼ -0.1 percentage points vs 09-2026
Of the 10,316 active companies whose main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110), figures are known for 5,852. 4,644 are within a factor 10 of this equity. These 3 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
Directors
Who runs the company today and since when, grouped the way the KBO groups its office holders. Many recent board changes are a reason to keep a close eye.
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
According to the annual accounts to 31-03-2026 of Nirmana Real Estate and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital and shareholders
When capital was put in or taken out. An increase often strengthens the company; a reduction deserves a look.
According to the annual accounts to 31-03-2026 of Nirmana Real Estate and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
86 connected companies
Depth
Shared directors
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The company's story in a few sentences, from the company register, the Belgian Official Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
Nirmana Real Estate was incorporated on 31 December 2024 as a public limited company.1The name was changed to Nirmana Real Estate in 2026.2In 2026 the capital was increased 3 times, most recently to €2.30bn.234Since 2026, Michael Hamelryck has served as director of the company.4
Appointment: Michael Hamelryck (director) · Auditor report · Capital increase17 facts ▸
General meeting, 21-08-2026
General meeting, “Kennisname van de verslaggeving, EERSTE BESLISSING” (deed in Dutch)
Auditor report, 21-08-2026
Capital increase, €2,298,665,271.92
Capital, €2,673,726,771.92
Amendment of the articles, 5
General meeting, “Volmacht voor de coördinatie van de statuten, VIERDE BESLISSING” (deed in Dutch)
Director resignation, Stefaan Vandamme (director)
Director discharge, Stefaan Vandamme (director)
Director appointment, Michael Hamelryck (director)
Declaration, “bestuursverbod, niet onderworpen aan een bestuursverbod, noch in België noch in het buitenland” (deed in Dutch)
General meeting, “Volmacht aan het bestuursorgaan, ZEVENDE BESLISSING” (deed in Dutch)
+5 further facts in this act
28-04
Gazette deedAppointment: EY Bedrijfsrevisoren (statutory auditor)
Auditor report · Capital increase · Capital contribution11 facts ▸
General meeting, 21-04-2026
Auditor appointment, EY Bedrijfsrevisoren (statutory auditor)
Auditor report, “inbreng in natura, geen bevindingen van materieel belang” (deed in Dutch)
Capital increase, €193,957,656.12
Capital contribution, €193,957,656.12
Capital increase (2 times)
Capital increase, €181,042,343.88
Capital (2 times)
Amendment of the articles, 5
Capital, €2,673,735,705.26
Power of attorney (2 times)
23-04
Gazette deedCapital & shares · Amendment of the articles · Name
Name change · Auditor report · Capital increase6 facts ▸
General meeting, 01-04-2026
Name change, Nirmana Real Estate
Auditor report, “inbreng in natura, artikel 7:197, §1, tweede lid WVV” (deed in Dutch)
Other provision, “huidige inbreng in natura is de tweede stap en afhankelijk van de eerste inbreng in natura” (deed in Dutch)
Capital increase, €2,298,674,205.26
General meeting, “tweede buitengewone algemene vergadering, definitieve waarde van het ingebrachte vermogen authentiek vaststellen” (deed in Dutch)
2025
03-01
Gazette deedIncorporation
Appointments: VANBELLINGEN Peter Constant Godelieve, CASTELEIN Kris Roger and 4 others · Permanent representative: GOETHAERT Stefan Annie Willy Maria · Founder14 facts ▸
Board ruleHow the board is made up, meets and takes decisions.
“Raad van bestuur, minimum aantal leden dat door wet is voorgeschreven” (deed in Dutch)
“Behoudens die waarvoor volgens wet of statuten alleen algemene vergadering bevoegd is, alle handelingen verrichten nodig of dienstig tot…” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Bij ontbinding om welke reden en op welk ogenblik ook, bij gebrek aan benoeming geschiedt vereffening door bestuursorgaan op dat ogenblik in…” (deed in Dutch)
“Bevoegd tot alle verrichtingen vermeld in wet, tenzij algemene vergadering anders besluit bij gewone meerderheid” (deed in Dutch)
Other provision: “Dagelijks bestuur, raad kan hen op elk ogenblik ontslaan” (deed in Dutch)
Other provision: “Toegang tot algemene vergadering, houder effecten op naam ingeschreven in register effecten op naam met betrekking tot zijn categorie” (deed in Dutch)
Other provision: “Deelneming met raadgevende stem en commissaris, commissaris woont algemene vergadering bij wanneer te beraadslagen op grond van door hem…” (deed in Dutch)
Other provision: “Elke eigenaar van effecten kan zich laten vertegenwoordigen door gevolmachtigde, vertegenwoordiging op algemene vergadering” (deed in Dutch)
Other provision: “Bestemming van de winst, aanwending saldo door jaarvergadering bij gewone meerderheid op voorstel raad van bestuur” (deed in Dutch)
Liquidation distribution: “Goederen nog in natura aanwezig op zelfde wijze verdeeld, verdelen netto-actief in geld of in effecten onder aandeelhouders naar verhouding…” (deed in Dutch)