NIC-RACK
ActiveNIC-RACK has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €311k and a net result of €125k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 60% of 1029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability91▼-9
Solvency80▼-14
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 2.19 against 8.09 in 2023; short-term debt: 41.2% and cash: 20% of total assets), and 45.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 25
Relative position
BE, all sectors
reference
Sector 25
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
54.7%
Return on assets
22%
Age of the figures
18 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2023
42 d early
2022
6 d early
2021
31 d late
2020
31 d late
2019
31 d late
2018
22 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.29M
EBIT margin
12.8%
Net result
€125k▼ 75.4%
2023 · €507k
2018: €293k
2019: €199k
2020: €293k
2021: €280k
2022: €829k
2023: €507k
2018 → 2025
Working capital
€278k▼ 59.6%
2023 · €688k
2018: €500k
2019: €609k
2020: €928k
2021: €940k
2022: €171k
2023: €688k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Turnover€1.29M
Equity€1.21M-€1.39M▲ 14.8%€723k▼ 48.1%€1.23M▲ 70.1%€311k▼ 74.7%
Operating result€410k-€371k▼ 9.5%€1.11M▲ 199%€687k▼ 38.1%€165k▼ 76.0%
Net result€293k-€280k▼ 4.5%€829k▲ 196%€507k▼ 38.8%€125k▼ 75.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €165k in 2025, compared with €687k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €553k
Fixed assets
€40k▼ 95.9%
Current assets
€512k▼ 34.7%
Equity and liabilities €569k
Equity
€311k▼ 74.7%
Debt
€258k▼ 52.8%
The debt ratio rises from 30.7% to 45.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€195k▼
2023 · €788k
Cash flow
€154k▼
2023 · €607k
Solvency
54.7%▼
2023 · 69.3%
Current ratio
2.19▼
2023 · 8.09
Quick ratio
1.46▼
2023 · 6.26
Debt / equity
0.83▲
2023 · 0.44
ROE
40.2%▼
2023 · 41.2%
ROA
22.0%▼
2023 · 28.5%
Interest coverage
12.11▼
2023 · 47.44
Debt
€258k▼
2023 · €546k
Debt ≤ 1 year
€234k▲
2023 · €97k
Debt > 1 year
€0▼
2023 · €449k
Income taxes
€26k▼
2023 · €169k
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€1.78M€569k▼
Formation expenses20-€16k
Fixed assets21/28€991k€40k▼
Intangible fixed assets21-€9k
Tangible fixed assets22/27€988k€28k▼
Land and buildings22€860k€0▼
Plant, machinery and equipment23€37k€12k▼
Furniture and vehicles24€91k€16k▼
Financial fixed assets28€3k€3k=
Current assets29/58€784k€512k▼
Stocks and contracts in progress3€178k€169k▼
Stocks30/36€178k€169k▼
Amounts receivable within one year40/41€185k€173k▼
Trade receivables40€170k€138k▼
Other amounts receivable41€15k€35k▲
Current investments50/53€344k€50k▼
Cash at bank and in hand54/58€62k€114k▲
Deferred charges and accrued income490/1€17k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.78M€569k▼
Equity10/15€1.23M€311k▼
Contributions10/11€19k€4k▼
Reserves13€704k€170k▼
Non-distributable reserves130/1€2k€449▼
Reserves not available under the articles1311€2k-
Other1319-€449
Distributable reserves133€702k€170k▼
Profit (loss) carried forward14€508k€136k▼
Amounts payable17/49€546k€258k▼
Amounts payable after more than one year17€449k€0▼
Financial debts170/4€449k€0▼
Amounts payable within one year42/48€97k€234k▲
Current portion of amounts payable after more than one year42€57k€821▼
Trade debts44€22k€122k▲
Suppliers440/4€22k€122k▲
Taxes, remuneration and social security45€18k€0▼
Taxes450/3€18k€0▼
Other amounts payable47/48-€111k
Accrued charges and deferred income492/3-€24k
Income statement
Code20232025
Turnover70-€1.29M
Goods, raw materials, services and sundry goods60/61-€1.09M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100k€29k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€500€0▼
Other operating charges640/8€8k€20k▲
Non-recurring operating charges66A€5k€0▼
Gross operating margin9900€801k€214k▼
Operating profit (loss)9901€687k€165k▼
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€17k€16k▼
Recurring financial charges65€17k€16k▼
Profit (loss) for the period before taxes9903€676k€151k▼
Income taxes67/77€169k€26k▼
Profit (loss) for the period9904€507k€125k▼
Profit (loss) for the period to be appropriated9905€507k€125k▼
Appropriation of the result
Profit (loss) to be appropriated9906€508k€247k▼
Profit (loss) brought forward from the previous period14P€695€123k▲
Profit to be distributed694/7-€111k
Return on contributions (dividend)694-€111k
Social balance
Average headcount (FTE)9087-0.0
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
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet €125k ▼75.4%
Net result drops to €125k, the lowest in the series.
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 7current ratio 8.09
Current ratio from 1.09 to 8.09; short-term debt falls from €1.82M to €97k.
31-12
Financial
Equity above €1MEq €1.23M ▲70.1%
6 profitable years in a row build equity to €1.23M.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €829k ▲196%
Operating result €1.11M, net result €829k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €1MEq €1.21M ▲34.5%
3 profitable years in a row build equity to €1.21M.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
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 2024
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.
05-07-2024
Resigned as Director
Location & real-estate footprint
Registered office, Oostkamp · 1 establishment unit since 2013
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.
Nijverheidsstraat 5a8020 OostkampGround area
1,626 m²
Building footprint
365 m²
Volume, LiDAR
1,624 m³
Parcel 31403E0067/00T003, Flanders · tallest building 7.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NIC-RACK
since 20132.226.413.680
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31403E0067/00T003 | Flanders | 1,626 m² | 1 · 365 m² | 7.8 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,850 EUR awarded · 2,850 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,850 EUR | 2,850 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
FEMACO
BE 0713.409.858
Deinze · Eq €311k
METAALONTWERPEN TINEL
BE 0473.464.918
Gent · Eq €311k
FALK CULINAIR
BE 0447.797.530
Haacht · Eq €311k
DMPS
BE 0630.883.941
Kuurne · Eq €310k
MACHINEBOUW QUAEGEBEUR
BE 0418.059.508
Roeselare · Eq €310k
Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 1,643 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-10-2013
Fiscal year end31-03
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.