NICDEF
ActiveSummary
The computed 12-month bankruptcy probability of NICDEF is 2.1% (moderate). The 2024 annual accounts show equity of €7k and a net result of €-988. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 60% of 26043 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability11▲+11
Solvency69▼-31
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check 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 · 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
43.6%
Return on assets
-6.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
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 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
9 d early
2022
on the day
2021
37 d early
2020
4 d early
2019
41 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€7k▼ 12.6%
2023 · €8k
2018: €4klowest in 7 years
2019: €8k▲ +71.9% vs 2018
2020: €7k▼ -5.2% vs 2019
2021: €14k▲ +95.3% vs 2020highest in 7 years
2022: €12k▼ -16.4% vs 2021
2023: €8k▼ -32.6% vs 2022
2024: €7k▼ -12.6% vs 2023
2018 → 2024
Total assets
€16k▲ 100%
2023 · €8k
2018: €16khighest in 7 years
2019: €10k▼ -38.7% vs 2018
2020: €8k▼ -23.5% vs 2019lowest in 7 years
2021: €14k▲ +85.1% vs 2020
2022: €12k▼ -16.1% vs 2021
2023: €8k▼ -34.3% vs 2022
2024: €16k▲ +100% vs 2023
2018 → 2024
Net result
€-988▲ 73.9%
2023 · €-4k
2018: €-1k
2019: €3k▲ +346% vs 2018
2020: €-393▼ -113% vs 2019
2021: €7k▲ +1822% vs 2020highest in 7 years
2022: €-2k▼ -134% vs 2021
2023: €-4k▼ -65.9% vs 2022lowest in 7 years
2024: €-988▲ +73.9% vs 2023
2018 → 2024
Working capital
€-4k
2022 · €8k
2018: €900
2019: €4k▲ +370% vs 2018
2020: €2k▼ -45.6% vs 2019
2021: €10k▲ +351% vs 2020highest value
2022: €8k▼ -18.4% vs 2021
2024: €-4klowest value
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€7k-€14k▲ 95.3%€12k▼ 16.4%€8k▼ 32.6%€7k▼ 12.6%
2020: €7k
2021: €14k▲ +95.3% vs 2020highest in 5 years
2022: €12k▼ -16.4% vs 2021
2023: €8k▼ -32.6% vs 2022
2024: €7k▼ -12.6% vs 2023lowest in 5 years
Operating result€-192-€-1k▼ 660%€-2k▼ 50.2%€-4k▼ 70.4%€-5k▼ 31.2%
2020: €-192highest in 5 years
2021: €-1k▼ -660% vs 2020
2022: €-2k▼ -50.2% vs 2021
2023: €-4k▼ -70.4% vs 2022
2024: €-5k▼ -31.2% vs 2023lowest in 5 years
Net result€-393-€7k€-2k€-4k▼ 65.9%€-988▲ 73.9%
2020: €-393
2021: €7k▲ +1822% vs 2020highest in 5 years
2022: €-2k▼ -134% vs 2021
2023: €-4k▼ -65.9% vs 2022lowest in 5 years
2024: €-988▲ +73.9% vs 2023
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 2024 against €4k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €16k
Fixed assets
€11k ▲ 294%
Current assets
€5k ▼ 5.6%
Equity and liabilities €16k
Equity
€7k
Debt
€9k
Debt finances 56.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€-3k▲
2023 · €-3k
Cash flow
€905▲
2023 · €-3k
Current ratio
0.57
Debt to equity
1.29
ROE
-14.5%▲
2023 · -48.4%
ROA
-6.3%▲
2023 · -48.4%
Interest coverage
-33.39▲
2023 · -35.19
Debt ≤ 1 year
€8k
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 · 34 lines
Balance sheet
Code20232024
Assets
Total assets20/58€8k€16k▲
Fixed assets21/28€3k€11k▲
Intangible fixed assets21-€8k
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€1k€658▼
Other tangible fixed assets26€2k€2k=
Current assets29/58€5k€5k▼
Amounts receivable within one year40/41€2k€3k▲
Trade receivables40-€242
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€8k€16k▲
Equity10/15€8k€7k▼
Contributions10/11€60k€60k=
Profit (loss) carried forward14€-52k€-53k▼
Amounts payable17/49-€9k
Amounts payable within one year42/48-€8k
Trade debts44-€242
Suppliers440/4-€242
Other amounts payable47/48-€8k
Accrued charges and deferred income492/3-€396
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€373€2k▲
Other operating charges640/8€384€396▲
Gross operating margin9900€-3k€-3k▲
Operating profit (loss)9901€-4k€-5k▼
Financial income75/76B€47€4k▲
Recurring financial income75€47€4k▲
Financial charges65/66B€96€90▼
Recurring financial charges65€96€90▼
Profit (loss) for the period before taxes9903€-4k€-988▲
Profit (loss) for the period9904€-4k€-988▲
Profit (loss) for the period to be appropriated9905€-4k€-988▲
Appropriation of the result
Profit (loss) to be appropriated9906€-52k€-53k▼
Profit (loss) brought forward from the previous period14P€-48k€-52k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €194 | €89 | €373 | €373 | €2k | ▲ 407% |
| Other operating charges640/8 | - | €348 | €348 | €384 | €396 | ▲ 3.0% |
| Gross operating margin9900 | €350 | €-1k | €-1k | €-3k | €-3k | ▲ 12.3% |
| Operating profit (loss)9901 | €-192 | €-1k | €-2k | €-4k | €-5k | ▼ 31.2% |
| Financial income75/76B | - | €8k | - | €47 | €4k | ▲ 8,342% |
| Recurring financial income75 | - | €33 | - | €47 | €4k | ▲ 8,342% |
| Non-recurring financial income76B | - | €8k | - | - | - | - |
| Financial charges65/66B | - | €77 | €88 | €96 | €90 | ▼ 5.8% |
| Recurring financial charges65 | €76 | €77 | €88 | €96 | €90 | ▼ 5.8% |
| Profit (loss) for the period before taxes9903 | €-268 | €7k | €-2k | €-4k | €-988 | ▲ 73.9% |
| Income taxes67/77 | €126 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-393 | €7k | €-2k | €-4k | €-988 | ▲ 73.9% |
| Profit (loss) for the period to be appropriated9905 | €-393 | €7k | €-2k | €-4k | €-988 | ▲ 73.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8k | €14k | €12k | €8k | €16k | ▲ 100% |
| Fixed assets21/28 | €5k | €4k | €3k | €3k | €11k | ▲ 294% |
| Intangible fixed assets21 | - | - | - | - | €8k | - |
| Tangible fixed assets22/27 | €5k | €4k | €3k | €3k | €2k | ▼ 13.5% |
| Furniture and vehicles24 | - | €2k | €1k | €1k | €658 | ▼ 36.2% |
| Other tangible fixed assets26 | - | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €3k | €11k | €9k | €5k | €5k | ▼ 5.6% |
| Amounts receivable within one year40/41 | €362 | €7k | €362 | €2k | €3k | ▲ 7.3% |
| Trade receivables40 | - | - | - | - | €242 | - |
| Other amounts receivable41 | - | €7k | €362 | €2k | €2k | ▼ 2.6% |
| Cash at bank and in hand54/58 | €2k | €4k | €8k | €3k | €2k | ▼ 17.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8k | €14k | €12k | €8k | €16k | ▲ 100% |
| Equity10/15 | €7k | €14k | €12k | €8k | €7k | ▼ 12.6% |
| Contributions10/11 | - | €60k | €60k | €60k | €60k | = |
| Profit (loss) carried forward14 | €-53k | €-46k | €-48k | €-52k | €-53k | ▼ 1.9% |
| Amounts payable17/49 | €554 | €303 | €303 | - | €9k | - |
| Amounts payable within one year42/48 | €554 | €303 | €303 | - | €8k | - |
| Trade debts44 | €303 | €303 | €303 | - | €242 | - |
| Suppliers440/4 | - | €303 | €303 | - | €242 | - |
| Other amounts payable47/48 | - | - | - | - | €8k | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €396 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-393 | €7k | €-2k | €-4k | €-988 | ▲ 73.9% |
| + Depreciation and write-downs630 | €194 | €89 | €373 | €373 | €2k | ▲ 407% |
| Operating cash flow (approximation) | €-199 | €7k | €-2k | €-3k | €905 | ▲ 127% |
| Investment in fixed assets (approximation) | - | €1k | €0 | €0 | €-10k | - |
| Change in cash | - | €2k | €4k | €-6k | €-460 | ▲ 92.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
31-12
Financial
Liquidity times 7current ratio 35.28
Current ratio from 5.15 to 35.28; short-term debt falls from €554 to €303.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.68
Current ratio from 1.08 to 2.68; short-term debt falls from €12k to €3k.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2013
Ground area
3,153 m²
Building footprint
655 m²
Volume, LiDAR
8,883 m³
Parcel 21446D0030/00C015, Brussels · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Guillaume Gilbertlaan 122, 1050 Elsene
since 20132.220.158.665
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446D0030/00C015 | Brussels | 3,153 m² | 1 · 655 m² | 18.2 m · 5 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.
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MAGNIFICENCE
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Of 2,075 companies in sector 47750 we hold annual accounts for 517. 300 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded06-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
47750Retail sale of cosmetics and toilet articles
46450Wholesale of perfume and cosmetics
Scores and ratios are computed by Checked and are not a credit decision.