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NICA

Active
Private limited company (pre-2019)founded 200224 yrs activeTorhoutse Steenweg 15, 8200 Brugge, BelgiumKBO/BCE: BE 0477.762.018
Summary

The computed 12-month bankruptcy probability of NICA is 1.7% (moderate). The 2025 annual accounts show negative equity (-€3,526) and a net result of -€2,603. Equity is shrinking by ~43.7% per year across the filed fiscal years. The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-7
Solvency0▼-10
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.61 against 0.87 in 2024; short-term debt: 162.7% and cash: 1.2% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2025
Solvency, return and age of the figures
Solvency
-62.7%
Return on assets
-46.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 24 years 0 30 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€3,526
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 d early
2024
18 d late
2023
12 d late
2022
30 d late
2021
19 d late
2020
31 d late
2019
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 20 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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. Usually files around 18 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 18 June 2002, NICA was incorporated.1 Total assets went from EUR 7,884 in 2018 to EUR 5,629 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€3,526▼ 282%
2024 · -€924
Total assets
€5,629▼ 11.5%
2024 · €6,358
Net result
-€2,603▼ 235%
2024 · -€778
Working capital
-€3,526▼ 282%
2024 · -€924
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€595▼ 159%-€719▼ 20.8%-€484▲ 32.7%-€704▼ 45.4%-€2,594▼ 268%
Net result-€662▼ 91.7%-€788▼ 19.1%-€550▲ 30.2%-€778▼ 41.3%-€2,603▼ 235%
Equity€1,193▼ 35.7%€405▼ 66.1%-€146-€924▼ 533%-€3,526▼ 282%
Total assets€6,692▼ 6.2%€6,743▲ 0.8%€6,986▲ 3.6%€6,358▼ 9.0%€5,629▼ 11.5%
Debt€5,499▲ 4.1%€6,338▲ 15.3%€7,132▲ 12.5%€7,282▲ 2.1%€9,155▲ 25.7%
Working capital€1,193▼ 35.7%€405▼ 66.1%-€146-€924▼ 533%-€3,526▼ 282%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€3,000-€2,000-€1,000€0Operating result 2021: -€595-€595Net result 2021: -€662-€662Operating result 2022: -€719-€719Net result 2022: -€788-€788Operating result 2023: -€484-€484Net result 2023: -€550-€550Operating result 2024: -€704-€704Net result 2024: -€778-€778Operating result 2025: -€2,594-€2,594Net result 2025: -€2,603-€2,60320212022202320242025-€3,000-€2,000-€1,000€0Operating result 2023: -€484-€484Net result 2023: -€550-€550Operating result 2024: -€704-€704Net result 2024: -€778-€778Operating result 2025: -€2,594-€2,590Net result 2025: -€2,603-€2,600202320242025
The operating result stays negative: a loss of €2,594 in 2025 against €704 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
2025 value · change against 2024
Solvency
-62.7%▼
2024 · -14.5%
Current ratio
0.61▼
2024 · 0.87
Debt to equity
-2.60
ROA
-46.2%▼
2024 · -12.2%
Debt ≤ 1 year
€9,155▲
2024 · €7,282
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more
4.1% went bankrupt
9.8% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet Code20242025
Assets
Total assets20/58€6,358€5,629▼
Current assets29/58€6,358€5,629▼
Amounts receivable within one year40/41€5,559€5,559=
Trade receivables40€837€837=
Other amounts receivable41€4,722€4,722=
Cash at bank and in hand54/58€31€69▲
Deferred charges and accrued income490/1€767€0▼
Equity and liabilities
Total equity and liabilities10/49€6,358€5,629▼
Equity10/15-€924-€3,526▼
Contributions10/11€7,500€7,500=
Profit (loss) carried forward14-€8,424-€11,026▼
Amounts payable17/49€7,282€9,155▲
Amounts payable within one year42/48€7,282€9,155▲
Trade debts44€150€1,304▲
Suppliers440/4€150€1,304▲
Other amounts payable47/48€7,132€7,851▲
Income statement Code20242025
Other operating charges640/8€115€1,817▲
Gross operating margin9900-€589-€777▼
Operating profit (loss)9901-€704-€2,594▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€74€9▼
Recurring financial charges65€74€9▼
Profit (loss) for the period before taxes9903-€778-€2,603▼
Profit (loss) for the period9904-€778-€2,603▼
Profit (loss) for the period to be appropriated9905-€778-€2,603▼
Appropriation of the result
Profit (loss) to be appropriated9906-€8,424-€11,026▼
Profit (loss) brought forward from the previous period14P-€7,646-€8,424▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€107€111€112€115€1,817▲ 1,480%
Gross operating margin9900-€488-€608-€372-€589-€777▼ 31.8%
Operating profit (loss)9901-€595-€719-€484-€704-€2,594▼ 268%
Financial income75/76B--€3€0--
Recurring financial income75--€3€0--
Financial charges65/66B€67€69€69€74€9▼ 87.6%
Recurring financial charges65€67€69€69€74€9▼ 87.6%
Profit (loss) for the period before taxes9903-€662-€788-€550-€778-€2,603▼ 235%
Profit (loss) for the period9904-€662-€788-€550-€778-€2,603▼ 235%
Profit (loss) for the period to be appropriated9905-€662-€788-€550-€778-€2,603▼ 235%
Line20212022202320242025Change
Assets
Total assets20/58€6,692€6,743€6,986€6,358€5,629▼ 11.5%
Current assets29/58€6,692€6,743€6,986€6,358€5,629▼ 11.5%
Amounts receivable within one year40/41€5,904€6,137€5,708€5,559€5,559=
Trade receivables40€837€1,071€837€837€837=
Other amounts receivable41€5,067€5,067€4,871€4,722€4,722=
Cash at bank and in hand54/58€93€250€895€31€69▲ 121%
Deferred charges and accrued income490/1€695€355€383€767€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€6,692€6,743€6,986€6,358€5,629▼ 11.5%
Equity10/15€1,193€405-€146-€924-€3,526▼ 282%
Contributions10/11€7,500€7,500€7,500€7,500€7,500=
Profit (loss) carried forward14-€6,307-€7,095-€7,646-€8,424-€11,026▼ 30.9%
Amounts payable17/49€5,499€6,338€7,132€7,282€9,155▲ 25.7%
Amounts payable within one year42/48€5,499€6,338€7,132€7,282€9,155▲ 25.7%
Trade debts44€218€57€0€150€1,304▲ 770%
Suppliers440/4€218€57€0€150€1,304▲ 770%
Other amounts payable47/48€5,281€6,281€7,132€7,132€7,851▲ 10.1%
Line20212022202320242025Change
Profit (loss) for the period9904-€662-€788-€550-€778-€2,603▼ 235%
Operating cash flow (approximation)-€662-€788-€550-€778-€2,603▼ 235%
Change in cash-€157€645-€864€38▲ 104%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€2,603
Net result drops to -€2,603, the lowest in the series.
18-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
12-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
19-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
02-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
14-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
11-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
8 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, Brugge · 1 establishment unit since 2002
seat establishment The establishment unit on the map
Ground area
153 m²
Building footprint
93 m²
Volume, LiDAR
727 m³
Parcel 31027D0375/00Y004, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Torhoutse Steenweg 15, 8200 Brugge
NACE 70120
since 20022.100.613.984
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31027D0375/00Y004 Flanders 153 m² 1 · 93 m² 13.4 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded18-06-2002
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0477762018
Also 9925:BE0477762018

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.