Jacques NICOLAY
ActiveJacques NICOLAY has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.66M and a net result of €194k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 4149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 9.54 against 5.86 in 2024; short-term debt: 7.5% and cash: 56.7% of total assets), and 7.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.5%
Return on assets
10.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
83 d early
2023
36 d early
2022
19 d early
2021
5 d early
2020
30 d late
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€194k▲ 26.1%
2024 · €153k
2018: €24k
2019: €16k
2020: €16k
2021: €113k
2022: €207k
2023: €138k
2024: €153k
2018 → 2025
Working capital
€1.15M▲ 24.7%
2024 · €923k
2018: €619k
2019: €625k
2020: €509k
2021: €571k
2022: €765k
2023: €883k
2024: €923k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.08M-€1.29M▲ 19.1%€1.43M▲ 10.7%€1.46M▲ 2.3%€1.66M▲ 13.2%
Operating result€161k-€299k▲ 86.1%€197k▼ 34.1%€200k▲ 1.1%€273k▲ 36.8%
Net result€113k-€207k▲ 82.3%€138k▼ 33.5%€153k▲ 11.5%€194k▲ 26.1%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 37% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.79M
Fixed assets
€504k▼ 6.5%
Current assets
€1.29M▲ 15.6%
Equity and liabilities €1.79M
Equity
€1.66M▲ 13.2%
Debt
€135k▼ 29.0%
The debt ratio falls from 11.5% to 7.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€361k▲
2024 · €277k
Cash flow
€282k▲
2024 · €231k
Solvency
92.5%▲
2024 · 88.5%
Current ratio
9.54▲
2024 · 5.86
Quick ratio
8.10▲
2024 · 4.28
Debt / equity
0.08▼
2024 · 0.13
ROE
11.7%▲
2024 · 10.5%
ROA
10.8%▲
2024 · 9.3%
Interest coverage
2655.30▲
2024 · 619.13
Debt
€135k▼
2024 · €190k
Debt ≤ 1 year
€135k▼
2024 · €190k
Income taxes
€90k▲
2024 · €52k
Staff costs
€2k▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.65M€1.79M▲
Fixed assets21/28€539k€504k▼
Tangible fixed assets22/27€539k€504k▼
Land and buildings22€293k€264k▼
Plant, machinery and equipment23€91k€117k▲
Furniture and vehicles24€154k€123k▼
Current assets29/58€1.11M€1.29M▲
Stocks and contracts in progress3€300k€194k▼
Stocks30/36€300k€194k▼
Amounts receivable within one year40/41€118k€71k▼
Trade receivables40€63k€69k▲
Other amounts receivable41€55k€2k▼
Cash at bank and in hand54/58€688k€1.01M▲
Deferred charges and accrued income490/1€7k€7k▲
Equity and liabilities
Total equity and liabilities10/49€1.65M€1.79M▲
Equity10/15€1.46M€1.66M▲
Contributions10/11€191k€191k=
Reserves13€1.27M€1.46M▲
Distributable reserves133€1.27M€1.46M▲
Amounts payable17/49€190k€135k▼
Amounts payable within one year42/48€190k€135k▼
Trade debts44€22k€28k▲
Suppliers440/4€22k€28k▲
Taxes, remuneration and social security45€48k€107k▲
Taxes450/3€48k€107k▲
Other amounts payable47/48€120k-
Income statement
Code20242025
Remuneration, social security and pensions62€4k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€88k▲
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€286k€367k▲
Operating profit (loss)9901€200k€273k▲
Financial income75/76B€6k€11k▲
Recurring financial income75€6k€11k▲
Financial charges65/66B€448€136▼
Recurring financial charges65€448€136▼
Profit (loss) for the period before taxes9903€205k€284k▲
Income taxes67/77€52k€90k▲
Profit (loss) for the period9904€153k€194k▲
Profit (loss) for the period to be appropriated9905€153k€194k▲
Appropriation of the result
Profit (loss) to be appropriated9906€153k€194k▲
Transfer to equity691/2€33k€194k▲
To the legal reserve6920€3k€4k▲
To other reserves6921€30k€190k▲
Profit to be distributed694/7€120k-
Return on contributions (dividend)694€120k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity triplescurrent ratio 10.79
Current ratio from 3.99 to 10.79; short-term debt falls from €256k to €90k.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €207k ▲82.3%
Operating result €299k, net result €207k, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet €16k ▼31.3%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 11.39
Current ratio from 2.70 to 11.39; short-term debt falls from €364k to €60k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Châtelet 626060 CharleroiGround area
147 m²
Building footprint
74 m²
Volume, LiDAR
780 m³
Parcel 52026D0817/00F004, Wallonia · tallest building 12.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Châtelet 62, 6060 Charleroi
since 19872.031.151.690
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52026D0817/00F004 | Wallonia | 147 m² | 1 · 74 m² | 12.5 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
WAPENHANDEL APPERMONT
BE 0444.730.053
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R.M. VINCK & CO
BE 0416.666.369
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AMBASSADOR ARMS
BE 0441.414.039
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EDGARD GRIMARD
BE 0423.221.688
Ans · Eq €2.04M
Of 127 companies in sector 47631 we hold annual accounts for 71. 35 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-1986
Fiscal year end31-12
Activities, NACEBEL
47631Retail trade
47783Retail trade
52491
25300Manufacture of fabricated metal products, except machinery and equipment
29602
46900Non-specialised wholesale trade
51900
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.