Equity
€1.28bn ▲ 1.3%
Nirmana Retail has made a profit without a break since 2012.
Nirmana Retail
Part of the group
236 companies in 18 countries
Lifetime
17 annual accounts with figures on one time axis, 49 filings since 1977peak €290.5m (2026)
€290.5m▲ 6.8%
lowest -€1.8m (2011)
€17.2m▼ 65.7%
peak €1.28bn (2026)
€1.28bn▲ 1.3%
€518.4m▲ 0.4%
peak 31.8 FTE (2020)
26.8 FTE▲ 2.3%
Board16 names since 2003all names
6 directors and 5 others
Owners5 names in the annual accounts
99.97% and 1 other
Documentsfilings and deeds
30-09-202631 days before the deadline
2026financial year
Result from €50.2m to €17.2mDemerger: COLIM splits off to NIRMANA 09-11Demerger: COLIM splits off to NIRMANA 09-11Demerger: COLIM splits off to Nirmana Offices 09-11Demerger: COLIM splits off to NIRMANA OFFICES 09-11Cash from €374 to €3.0m
Key points
from the 2026 annual accountsResult
€17.2m ▼ 65.7%
The result fell in 2026: merger with DELDEN.
Payment terms
94 days to suppliers
Nirmana Retail pays its suppliers 34 days earlier than in 2025. Customers pay 4 days later.
Filings
49 annual accounts since 1977
The 2019 accounts came 26 days late. The other nine of the last ten were filed on time.
At the same address
74 companies
Restructuring
10
10 restructurings since 2024. Latest: branch transferred to Bavingsveld.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 14,768 companies had the same profile as Nirmana Retail has now. Each dot stands for 37 companies, two years later.
96.1%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,768 companies, not a prediction for Nirmana Retail. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 01-04-2022
Director, since 01-04-2022
Director, since 19-09-2023
Director, since 19-09-2023
Director, since 01-08-2026
Auditor,
- 100%deed of 09-11-2026
- 99.97%score equity €6.32bn (2026) · annual accounts 31-03-2026
- consolidatesannual accounts 31-03-2026
Shares in 17 companies, including and
Board & ownershipRecent changes
Demerger: COLIM splits off to Nirmana Offices
Company renamed from COLIM to Nirmana Retail · Capital from €1,281,292,419.40 to €1,213,587,450.74 · Capital from €1,213,587,450.74 to €914,889,353.28 · General meeting of 01-10-2026 · Gazette deed
Resignation: (director)
Appointment: (director) · General meeting of 15-09-2026 · Gazette deed
Environmental permit granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Izegem
Capital decrease of €803,542.90 to €914,362,584.80
Capital from €915,166,127.70 to €914,362,584.80 · Resignation: (director) · Appointment: (director) · General meeting of 21-08-2026 · Gazette deed
Comparable companies
same main activity, the nearest in size| Company | ||||
|---|---|---|---|---|
| Nirmana Retail Halle | €290.5m | 40.3% | 70.6% | 26.8 |
| EUROPEAN OWENS CORNING FIBERGLAS Watermael-Boitsfort | €372.7m | 4.2% | 43.3% | 34.8 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
This company has the same main activity as Nirmana Retail: agents specialised in the wholesale of other particular products (NACE 46180). It is smaller than Nirmana Retail: total assets of €674m, founded in 1984.
Official details
Source: KBO- Status
- Active since 17-10-1960Normal situation
- Registered office
- 75 active companies are registered at this address13 started in the 12 months before. Source: KBO register, as of 13 November 2026.
- Activity
- Agents specialised in the wholesale of other particular productsNACE 46180and 1 other
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 31-03-2026
- Establishment units
- 2.009.217.9131500 Halle, since 17-10-1960
- 2.319.374.9187866 Lessines, since 01-01-2022
- Financial year end
- 31 March
- Peppol
- Reachable since 09-10-2023
Annual accounts to 31-03-2026
- €1.81bn▲ 1.2%
- Employeeson 31-03-2026
- 27▼ 6.9%
- Filing
- Filed on 30-09-2026, 31 days before the end of the filing period
Companies linked to Nirmana Retail
Parent and group
Shareholders
- 0.03%
Subsidiaries and holdings
- 100%
- 100%
- 100%
- 100%
- 100%
- 100%
- 100%
- 100%
Insights on Nirmana Retail
Nirmana Retail has existed since 1960. In 2012 turnover rose from €23.5m to €74.2m. On 1 December 2010 Nirmana Retail received a branch of activity from BIO-PLANET.
Turnover has grown every year since 2023.
Nirmana holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Nirmana Retail
- What is the company number of Nirmana Retail?
- The company number of Nirmana Retail is 0400.374.725. The VAT number is the same number with BE in front: BE 0400.374.725.
- Where is Nirmana Retail based?
- The registered office is at Edingensesteenweg 196, 1500 Halle.Company details
- What does Nirmana Retail do?
- According to the KBO register, the main activity is agents specialised in the wholesale of other particular products (NACE 46180).
- What is the legal form of Nirmana Retail?
- Nirmana Retail is a public limited company (NV).
- When was Nirmana Retail founded?
- Nirmana Retail was founded on 17-10-1960.
- Is Nirmana Retail still active?
- Yes, Nirmana Retail is an active enterprise in the KBO register.
- How many employees does Nirmana Retail have?
- Nirmana Retail had an average of 26.8 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does Nirmana Retail fall under?
- In its 31-03-2026 annual accounts, Nirmana Retail states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of Nirmana Retail?
- The turnover of Nirmana Retail was €290.5m in financial year 2026, according to the filed annual accounts.
- Is Nirmana Retail profitable?
- In financial year 2026, Nirmana Retail made a profit of €17.2m.
- Where can I find the annual accounts of Nirmana Retail?
- Nirmana Retail filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of Nirmana Retail due?
- Nirmana Retail must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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