NIBECO
ActiveNIBECO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151k and a net result of €21k. Equity is growing by ~31.3% per year across the filed fiscal years. Its solvency ranks better than 17% of 7684 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-31
Solvency13▲+4
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity short (current ratio 0.57 against 0.48 in 2024), and 83.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
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
16.3%
Return on assets
2.2%
Age of the figures
8 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 7684 sector peers (2025).
NBB · sector comparisonPosition among 7684 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
35 d early
2023
32 d early
2022
45 d early
2021
34 d early
2020
10 d early
2019
17 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21k▼ 60.6%
2024 · €53k
2018: €2k
2019: €656
2020: €17k
2021: €11k
2022: €-170k
2023: €88k
2024: €53k
2018 → 2025
Working capital
€-172k▲ 22.8%
2024 · €-223k
2018: €40k
2019: €21k
2020: €23k
2021: €-38k
2022: €-279k
2023: €-207k
2024: €-223k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€-111k€-22k▲ 79.9%€130k€151k▲ 15.9%
Operating result€18k-€-160k€105k€75k▼ 28.0%€49k▼ 34.6%
Net result€11k-€-170k€88k€53k▼ 40.6%€21k▼ 60.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €927k
Fixed assets
€696k▼ 5.6%
Current assets
€231k▲ 11.6%
Equity and liabilities €927k
Equity
€151k▲ 15.9%
Debt
€776k▼ 4.6%
The debt ratio falls from 86.2% to 83.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€148k▼
2024 · €171k
Cash flow
€119k▼
2024 · €148k
Solvency
16.3%▲
2024 · 13.8%
Current ratio
0.57▲
2024 · 0.48
Quick ratio
0.44▲
2024 · 0.38
Debt / equity
5.13▼
2024 · 6.24
ROE
13.7%▼
2024 · 40.3%
ROA
2.2%▼
2024 · 5.6%
Interest coverage
4.99▼
2024 · 7.50
Debt
€776k▼
2024 · €813k
Debt ≤ 1 year
€403k▼
2024 · €430k
Debt > 1 year
€372k▼
2024 · €383k
Income taxes
€176▲
2024 · €91
Staff costs
€440k▲
2024 · €352k
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€944k€927k▼
Fixed assets21/28€737k€696k▼
Intangible fixed assets21€21k€14k▼
Tangible fixed assets22/27€715k€681k▼
Land and buildings22€553k€578k▲
Plant, machinery and equipment23€20k€14k▼
Furniture and vehicles24€12k€9k▼
Leasing and similar rights25€130k€80k▼
Financial fixed assets28€1k€1k=
Current assets29/58€207k€231k▲
Stocks and contracts in progress3€45k€52k▲
Stocks30/36€36k€37k▲
Contracts in progress37€9k€16k▲
Amounts receivable within one year40/41€141k€138k▼
Trade receivables40€141k€138k▼
Current investments50/53€13€222▲
Cash at bank and in hand54/58€7k€16k▲
Deferred charges and accrued income490/1€14k€24k▲
Equity and liabilities
Total equity and liabilities10/49€944k€927k▼
Equity10/15€130k€151k▲
Contributions10/11€40k€40k=
Revaluation surpluses12€150k€150k=
Profit (loss) carried forward14€-60k€-39k▲
Amounts payable17/49€813k€776k▼
Amounts payable after more than one year17€383k€372k▼
Financial debts170/4€383k€372k▼
Amounts payable within one year42/48€430k€403k▼
Current portion of amounts payable after more than one year42€92k€100k▲
Financial debts43-€1k
Credit institutions430/8-€1k
Trade debts44€117k€63k▼
Suppliers440/4€117k€63k▼
Advances received on contracts in progress46€28k-
Taxes, remuneration and social security45€145k€206k▲
Taxes450/3€12k€46k▲
Remuneration and social security454/9€133k€160k▲
Other amounts payable47/48€49k€33k▼
Income statement
Code20242025
Remuneration, social security and pensions62€352k€440k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€99k▲
Other operating charges640/8€7k€6k▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€532k€595k▲
Operating profit (loss)9901€75k€49k▼
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€23k€30k▲
Recurring financial charges65€23k€30k▲
Profit (loss) for the period before taxes9903€53k€21k▼
Income taxes67/77€91€176▲
Profit (loss) for the period9904€53k€21k▼
Profit (loss) for the period to be appropriated9905€53k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-60k€-39k▲
Profit (loss) brought forward from the previous period14P€-112k€-60k▲
Social balance
Average headcount (FTE)90876.47.3▲
The notes to these accounts (16 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Equity above €150kEq €151k ▲15.9%
3 profitable years in a row build equity to €151k.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €100kEq €130k
2 profitable years in a row build equity to €130k.
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €88k
Net result €88k after one loss-making year.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-170k ▼1664%
Net result drops to €-170k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2018
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
11-06-2018
Resigned as Managing director
Location & real-estate footprint
Registered office, Fernelmont · 1 establishment unit since 2015
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.
Rue de la Petite Bolette,ZI,Nov. 165380 Fernelmont1 establishment unit
Ambiose
since 20152.238.550.954
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Of 619 companies in sector 31002 we hold annual accounts for 348. 287 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-01-2015
Fiscal year end31-12
Activities, NACEBEL
31002Manufacture of furniture
43320Joinery installation
43211General electrical installation work
43212Electrical installation work in industrial facilities
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filings
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.