NICAJ
ActiveThe computed 12-month bankruptcy probability of NICAJ is 2.1% (moderate). The 2025 annual accounts show equity of €18k and a net result of €-9k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 4610 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▼-46
Solvency63▼-33
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.84 against 0.58 in 2024; short-term debt: 62% and cash: 24.4% of total assets), and 62% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
38%
Return on assets
-17.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-9k
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 13-04-2026, 109 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
109 d early
2024
1 d early
2023
30 d late
2022
31 d late
2021
31 d late
2020
10 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Turnover
€211k
EBIT margin
-2.6%
Net result
€-9k▼ 473%
2024 · €-1k
2020: €-6k
2021: €4k
2022: €5k
2023: €6k
2024: €-1k
2020 → 2025
Working capital
€-5k▼ 5.2%
2024 · €-5k
2020: €-17k
2021: €-13k
2022: €-11k
2023: €-9k
2024: €-5k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€211k
Equity€17k-€22k▲ 28.5%€28k▲ 27.9%€27k▼ 5.2%€18k▼ 31.7%
Operating result€5k-€8k▲ 62.2%€10k▲ 27.1%€-934€-5k▼ 488%
Net result€4k-€5k▲ 14.5%€6k▲ 25.5%€-1k€-9k▼ 473%
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 €5k in 2025 against €934 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48k
Fixed assets
€23k▼ 26.4%
Current assets
€25k▲ 306%
Equity and liabilities €48k
Equity
€18k▼ 31.7%
Debt
€30k▲ 179%
The debt ratio rises from 28.6% to 62.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5k▼
2024 · €8k
Cash flow
€2k▼
2024 · €8k
Solvency
38.0%▼
2024 · 71.4%
Current ratio
0.84▲
2024 · 0.58
Quick ratio
0.54▲
2024 · 0.49
Debt / equity
1.63▲
2024 · 0.40
ROE
-46.4%▼
2024 · -5.5%
ROA
-17.6%▼
2024 · -4.0%
Interest coverage
1.54▼
2024 · 13.04
Debt
€30k▲
2024 · €11k
Debt ≤ 1 year
€30k▲
2024 · €11k
Income taxes
€-70▲
2024 · €-92
Staff costs
€96k▲
2024 · €935
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€38k€48k▲
Fixed assets21/28€31k€23k▼
Tangible fixed assets22/27€26k€17k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€3k€373▼
Other tangible fixed assets26€23k€15k▼
Financial fixed assets28€6k€6k=
Current assets29/58€6k€25k▲
Stocks and contracts in progress3€888€9k▲
Stocks30/36€888€9k▲
Amounts receivable within one year40/41-€4k
Trade receivables40-€3k
Other amounts receivable41-€347
Cash at bank and in hand54/58€5k€12k▲
Deferred charges and accrued income490/1-€886
Equity and liabilities
Total equity and liabilities10/49€38k€48k▲
Equity10/15€27k€18k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€8k€-211▼
Amounts payable17/49€11k€30k▲
Amounts payable within one year42/48€11k€30k▲
Current portion of amounts payable after more than one year42€3k€0▼
Trade debts44€4k€12k▲
Suppliers440/4€4k€12k▲
Taxes, remuneration and social security45€4k€16k▲
Taxes450/3€4k€7k▲
Remuneration and social security454/9€0€9k▲
Other amounts payable47/48€0€2k▲
Income statement
Code20242025
Turnover70-€211k
Goods, raw materials, services and sundry goods60/61-€109k
Remuneration, social security and pensions62€935€96k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€814€2k▲
Gross operating margin9900€10k€103k▲
Operating profit (loss)9901€-934€-5k▼
Financial income75/76B€3€20▲
Recurring financial income75€3€20▲
Financial charges65/66B€650€3k▲
Recurring financial charges65€650€3k▲
Profit (loss) for the period before taxes9903€-2k€-9k▼
Income taxes67/77€-92€-70▲
Profit (loss) for the period9904€-1k€-9k▼
Profit (loss) for the period to be appropriated9905€-1k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€-211▼
Profit (loss) brought forward from the previous period14P€10k€8k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-09
Financial
Highest result since 2020net €6k ▲25.5%
Operating result €10k, net result €6k, both a record.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Montigny-le-Tilleul · 2 establishment units since 2019
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 Gozée 5516110 Montigny-le-TilleulGround area
3,525 m²
Building footprint
459 m²
Volume, LiDAR
4,227 m³
3 parcels, Wallonia · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
SALON BY NINO
since 20192.285.642.672
NICAJ
since 20192.285.642.771
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52048D0063/00P039 | Wallonia | 1,811 m² | 1 · 88 m² | 9.0 m · 3 fl. |
| 25018A0370/00V002 | Wallonia | 1,499 m² | 1 · 303 m² | 15.3 m · 3 fl. |
| 25037E0511/00F007 | Wallonia | 214 m² | 1 · 68 m² | 8.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 21,750 companies in sector 96210 we hold annual accounts for 2,832. 2,372 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-2018
Fiscal year end31-12
Activities, NACEBEL
96021Hairdressing
96210Hairdressing and barber services
47750Retail sale of cosmetics and toilet articles
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.