Nic’O

Active

Private limited companyfounded 20223 yrs activeRaffelgemstraat 16, 9300 Aalst, BelgiumKBO/BCE: BE 0793.621.930

Summary

The computed 12-month bankruptcy probability of Nic’O is 3.6% (moderate). The 2025 annual accounts show equity of €161,315 and a net result of €8,280. Equity is growing by ~38.1% per year across the filed fiscal years. Its solvency ranks better than 84% of 30651 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

Nic’OActiveChecked score 50/100

Risk analysis Report Compare

Activity

Other specialised construction activities

NACE 43990NACE 43995

1 site

Size

€202,789total assets 2025

Equity: €161,315
Profit: €8,280

Turnover not published (abridged schema)

Financial health

50 Fair Checked score 2025

Bankruptcy chance 12 m: 3.6%

Structure

Accounts filed 24 d late0 of 1 deed read

Why 50- Size: total assets €202,789- Latest accounts 24 days late; 2 of the last 3 late- Liquidity: current ratio 4.85, cash €337, halved- Founded in 2022Show the evidence

Checked score

Score 2025

50 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 48% of its sector peers (NACE 43, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Strong

Solvency 100+30

equity 79.5% of total assets

Liquidity 44+22

short-term debt 20.4% · cash 0.2%

Profitability 47-31

return on assets 4.1%

Bankruptcy probability, 12 months

3.6% Moderate

0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,004 companies)

Last 10 months 01-2026: 3.2% 02-2026: 3.3%▲ +0.8% vs 01-2026 03-2026: 3.3%● 0.0% vs 02-2026 04-2026: 3.3%▲ +1.5% vs 03-2026 05-2026: 3.3%▼ -0.2% vs 04-2026 06-2026: 3.3%▼ -1.3% vs 05-2026 07-2026: 3.0%▼ -7.2% vs 06-2026lowest value 08-2026: 3.7%▲ +22.1% vs 07-2026highest value 09-2026: 3.6%▼ -2.3% vs 08-2026 10-2026: 3.6%● 0.0% vs 09-2026

Size: total assets €202,789 raises the probability for this profile
Latest accounts 24 days late; 2 of the last 3 late raises the probability
Liquidity: current ratio 4.85, cash €337, halved raises the probability
Founded in 2022 raises the probability for this profile

Credit up to €8,000 at 30 days acceptable

Liquidity ample (current ratio 4.85 against 1.81 in 2024; short-term debt: 20.4% and cash: 0.2% of total assets), and 20.5% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 90%, liquidity 34%, profitability 23%, growth against the median 47%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Size: total assets €202,789

In the bankruptcy model this factor raises the probability for this profile.

NBB · annual accounts

Latest accounts 24 days late; 2 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Liquidity: current ratio 4.85, cash €337, halved

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Founded in 2022

In the bankruptcy model this factor raises the probability for this profile.

KBO

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 4 filings

Deviation from the deadline

2025

24 d late

2024

97 d late

2023

253 d late

2022

30 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 101 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 3 October (3 of the last 4 filed years within 40 days of that day).

Companies Code · seven months

Position in the running window

02-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

24-08-26 Annual accounts filedfiscal year 2025 · micro…
31-12-25 Weakest financial yearnet €8,280 ▼84.9%
31-12-25 Liquidity triplescurrent ratio 4.85

Key points

Positive: Among the best 16% on solvencysector median 47.2% · 30,651 companies 79.5% View
Total assets 20254 fiscal years filed €202,789 View
Active since 2022founded 16-11-2022 3 years View