NIBO CONSTRUCT
ActiveSummary
NIBO CONSTRUCT has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €313k and a net result of €-15k. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 93% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability13▲+6
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 38.19; short-term debt: 1.3% and cash: 19.3% of total assets), and 6.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
93.3%
Return on assets
-4.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-15k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
41 d early
2023
39 d early
2022
18 d early
2021
19 d early
2020
45 d early
2019
3 d early
2018
13 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€313k▼ 4.7%
2023 · €328k
2018: €377k
2019: €397k
2020: €403k
2021: €384k
2022: €363k
2023: €328k
2018 → 2024
Total assets
€335k▼ 4.1%
2023 · €350k
2018: €437k
2019: €444k
2020: €448k
2021: €411k
2022: €387k
2023: €350k
2018 → 2024
Net result
€-15k▲ 54.9%
2023 · €-34k
2018: €8k
2019: €6k
2020: €7k
2021: €-20k
2022: €-21k
2023: €-34k
2018 → 2024
Working capital
€163k▼ 14.0%
2023 · €190k
2018: €200k
2019: €217k
2020: €234k
2021: €223k
2022: €213k
2023: €190k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€403k-€384k▼ 4.9%€363k▼ 5.5%€328k▼ 9.4%€313k▼ 4.7%
Operating result€10k-€-23k€-24k▼ 5.6%€-37k▼ 54.1%€-20k▲ 46.4%
Net result€7k-€-20k€-21k▼ 6.4%€-34k▼ 61.7%€-15k▲ 54.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2024 against €37k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €335k
Fixed assets
€168k ▲ 5.1%
Current assets
€168k ▼ 11.9%
Equity and liabilities €335k
Equity
€313k ▼ 4.7%
Provisions
€18k ▼ 14.2%
Debt
€4k ▲ 760%
Debt's share of the balance-sheet total rises from 0.1% to 1.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-374▲
2023 · €-23k
Cash flow
€4k▲
2023 · €-20k
Current ratio
38.19
Debt to equity
0.01▲
2023 · 0.00
ROE
-4.9%▲
2023 · -10.4%
ROA
-4.6%▲
2023 · -9.7%
Interest coverage
-3.73▲
2023 · -373.97
Debt ≤ 1 year
€4k▲
2023 · €511
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€350k€335k▼
Fixed assets21/28€159k€168k▲
Tangible fixed assets22/27€159k€168k▲
Land and buildings22€159k€166k▲
Furniture and vehicles24-€2k
Current assets29/58€191k€168k▼
Amounts receivable within one year40/41€50€103k▲
Trade receivables40-€3k
Other amounts receivable41€50€100k▲
Cash at bank and in hand54/58€190k€65k▼
Equity and liabilities
Total equity and liabilities10/49€350k€335k▼
Equity10/15€328k€313k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€266k€251k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€63k€54k▼
Distributable reserves133€197k€191k▼
Provisions and deferred taxes16€21k€18k▼
Deferred taxes168€21k€18k▼
Amounts payable17/49€511€4k▲
Amounts payable within one year42/48€511€4k▲
Trade debts44€511€2k▲
Suppliers440/4€511€2k▲
Other amounts payable47/48-€2k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€19k▲
Other operating charges640/8€6k€6k▼
Gross operating margin9900€-17k€6k▲
Operating profit (loss)9901€-37k€-20k▲
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€62€100▲
Recurring financial charges65€62€100▲
Profit (loss) for the period before taxes9903€-37k€-18k▲
Transfer from deferred taxes780€3k€3k=
Profit (loss) for the period9904€-34k€-15k▲
Transfer from tax-exempt reserves789€9k€9k=
Profit (loss) for the period to be appropriated9905€-25k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-25k€-6k▲
Transfer from equity791/2€25k€6k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity times 32current ratio 642.38
Current ratio from 19.82 to 642.38; short-term debt falls from €12k to €348.
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Hechtel-Eksel · 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.
Kerkstraat 273940 Hechtel-EkselGround area
1,110 m²
Building footprint
186 m²
Volume, LiDAR
1,217 m³
Parcel 72006C0174/00F000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMMO KRIZFREE
since 19872.033.066.748
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72006C0174/00F000 | Flanders | 1,110 m² | 1 · 186 m² | 11.0 m · 2 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
CONFIAR
BE 0730.819.081
Kruisem · Eq €313,041
Euro Thermo
BE 0401.297.413
Oudsbergen · Eq €312,828
CANAL 13
BE 0821.736.587
Gent · Eq €313,438
ANNADA IMMO
BE 1003.737.687
Ans · Eq €312,559
REBR
BE 0536.348.533
Merchtem · Eq €312,527
Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 4,416 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-04-1987
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.