NICK FAES
ActiveSummary
NICK FAES has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €223,373 and a net result of -€58,849. Equity is growing by ~26.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-87
Solvency92▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 2.96 against 5.67 in 2023; short-term debt: 32.8% and cash: 0% of total assets), and 32.8% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
67.2%
Return on assets
-17.7%
Age of the figures
21 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 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
26 d late
2023
33 d early
2022
22 d late
2021
3 d early
2020
15 d late
2019
14 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before 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)
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 28 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€223,373▼ 28.7%
2023 · €313,223
Total assets
€332,200▼ 12.3%
2023 · €378,656
Net result
-€58,849
2023 · €53,874
Working capital
€212,964▼ 29.8%
2023 · €303,413
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€109,236▲ 404%€143,553▲ 31.4%€109,030▼ 24.0%€84,508▼ 22.5%-€64,188
Net result€57,925above the sector's middle half▲ 449%€87,832above the sector's middle half▲ 51.6%€63,595above the sector's middle half▼ 27.6%€53,874above the sector's middle half▼ 15.3%-€58,849below the sector's middle half
Equity€109,553within the sector's middle half▲ 112%€197,385above the sector's middle half▲ 80.2%€260,181above the sector's middle half▲ 31.8%€313,223above the sector's middle half▲ 20.4%€223,373above the sector's middle half▼ 28.7%
Total assets€258,258within the sector's middle half▲ 12.5%€312,713above the sector's middle half▲ 21.1%€378,684above the sector's middle half▲ 21.1%€378,656above the sector's middle half=€332,200above the sector's middle half▼ 12.3%
Debt€148,705▼ 16.4%€115,328▼ 22.4%€118,503▲ 2.8%€65,434▼ 44.8%€108,827▲ 66.3%
Working capital€99,688above the sector's middle half▲ 141%€191,107above the sector's middle half▲ 91.7%€255,899above the sector's middle half▲ 33.9%€303,413above the sector's middle half▲ 18.6%€212,964above the sector's middle half▼ 29.8%
Solvency42.4%within the sector's middle half▲ 19.9pp63.1%within the sector's middle half▲ 20.7pp68.7%above the sector's middle half▲ 5.6pp82.7%above the sector's middle half▲ 14.0pp67.2%within the sector's middle half▼ 15.5pp
Current ratio1.68within the sector's middle half▲ 0.442.67within the sector's middle half▲ 1.003.18above the sector's middle half▲ 0.505.67above the sector's middle half▲ 2.492.96within the sector's middle half▼ 2.72
Return on assets (ROA)22.4%above the sector's middle half▲ 17.8pp28.1%above the sector's middle half▲ 5.7pp16.8%within the sector's middle half▼ 11.3pp14.2%within the sector's middle half▼ 2.6pp-17.7%below the sector's middle half▼ 31.9pp
Staff (FTE)0.8
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €64,188 after €84,508 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €332,200
Fixed assets
€10,410 ▲ 1.0%
Current assets
€321,791 ▼ 12.6%
Equity and liabilities €332,200
Equity
€223,373 ▼ 28.7%
Debt
€108,827 ▲ 66.3%
Debt's share of the balance-sheet total rises from 17.3% to 32.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€62,388▼
2023 · €85,592
Cash flow
-€57,049▼
2023 · €54,958
Debt to equity
0.49▲
2023 · 0.21
ROE
-26.3%▼
2023 · 17.2%
Interest coverage
-10.33▼
2023 · 9.36
Debt ≤ 1 year
€108,827▲
2023 · €64,934
Income taxes
€698▼
2023 · €21,501
Staff costs
€12,231
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 4,805 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €12,322 | €9,113 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €12,231 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,401 | €3,587 | €2,193 | €1,084 | €1,800 | ▲ 66.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3,106 | €845 | - | - |
| Other operating charges640/8 | - | €5,078 | €7,132 | €1,768 | €3,116 | ▲ 76.3% |
| Gross operating margin9900 | €118,304 | €152,218 | €121,462 | €88,205 | -€47,041 | ▼ 153% |
| Operating profit (loss)9901 | €109,236 | €143,553 | €109,030 | €84,508 | -€64,188 | ▼ 176% |
| Financial income75/76B | - | €323 | €94 | €10 | €12,074 | ▲ 120,524% |
| Recurring financial income75 | €10 | €323 | €94 | €10 | €12,074 | ▲ 120,524% |
| Financial charges65/66B | - | €9,570 | €14,697 | €9,143 | €6,037 | ▼ 34.0% |
| Recurring financial charges65 | €12,372 | €9,570 | €14,697 | €9,143 | €6,037 | ▼ 34.0% |
| Profit (loss) for the period before taxes9903 | €96,874 | €134,306 | €94,427 | €75,376 | -€58,151 | ▼ 177% |
| Income taxes67/77 | €38,949 | €46,474 | €30,831 | €21,501 | €698 | ▼ 96.8% |
| Profit (loss) for the period9904 | €57,925 | €87,832 | €63,595 | €53,874 | -€58,849 | ▼ 209% |
| Profit (loss) for the period to be appropriated9905 | €57,600 | €87,832 | €63,595 | €53,874 | -€58,849 | ▼ 209% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €258,258 | €312,713 | €378,684 | €378,656 | €332,200 | ▼ 12.3% |
| Fixed assets21/28 | €11,062 | €7,475 | €5,282 | €10,309 | €10,410 | ▲ 1.0% |
| Tangible fixed assets22/27 | €11,062 | €7,475 | €5,282 | €6,309 | €6,410 | ▲ 1.6% |
| Plant, machinery and equipment23 | - | €3,024 | €1,755 | €2,016 | €1,590 | ▼ 21.1% |
| Furniture and vehicles24 | - | €1,068 | €757 | €2,136 | €3,275 | ▲ 53.3% |
| Other tangible fixed assets26 | - | €3,383 | €2,770 | €2,158 | €1,545 | ▼ 28.4% |
| Financial fixed assets28 | - | - | - | €4,000 | €4,000 | = |
| Current assets29/58 | €247,196 | €305,238 | €373,402 | €368,347 | €321,791 | ▼ 12.6% |
| Stocks and contracts in progress3 | - | - | - | €19,531 | - | - |
| Stocks30/36 | - | - | - | €19,531 | - | - |
| Amounts receivable within one year40/41 | €247,196 | €280,108 | €373,393 | €329,183 | €321,130 | ▼ 2.4% |
| Trade receivables40 | - | €21,306 | €20,845 | €30,190 | €46,195 | ▲ 53.0% |
| Other amounts receivable41 | - | €258,802 | €352,548 | €298,993 | €274,935 | ▼ 8.0% |
| Cash at bank and in hand54/58 | - | €25,130 | €9 | €18,399 | €9 | ▼ 100.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,234 | €652 | ▼ 47.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €258,258 | €312,713 | €378,684 | €378,656 | €332,200 | ▼ 12.3% |
| Equity10/15 | €109,553 | €197,385 | €260,181 | €313,223 | €223,373 | ▼ 28.7% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €100,951 | €188,781 | €252,282 | €306,152 | €275,152 | ▼ 10.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €346 | €346 | €346 | €346 | = |
| Distributable reserves133 | - | €186,575 | €250,075 | €305,805 | €274,805 | ▼ 10.1% |
| Profit (loss) carried forward14 | €2,402 | €2,404 | €1,700 | €871 | -€57,978 | ▼ 6,757% |
| Amounts payable17/49 | €148,705 | €115,328 | €118,503 | €65,434 | €108,827 | ▲ 66.3% |
| Amounts payable within one year42/48 | €147,508 | €114,131 | €117,503 | €64,934 | €108,827 | ▲ 67.6% |
| Financial debts43 | - | €48,910 | €57,764 | €4,091 | €60,631 | ▲ 1,382% |
| Credit institutions430/8 | - | €48,910 | €57,764 | €4,091 | €60,631 | ▲ 1,382% |
| Trade debts44 | €112,221 | €52,632 | €38,388 | €40,825 | €27,308 | ▼ 33.1% |
| Suppliers440/4 | - | €52,632 | €38,388 | €40,825 | €27,308 | ▼ 33.1% |
| Taxes, remuneration and social security45 | - | €7,532 | €6,350 | €11,984 | €5,708 | ▼ 52.4% |
| Taxes450/3 | - | €7,532 | €6,350 | €11,984 | €5,708 | ▼ 52.4% |
| Other amounts payable47/48 | - | €5,057 | €15,000 | €8,033 | €15,180 | ▲ 89.0% |
| Accrued charges and deferred income492/3 | - | €1,197 | €1,000 | €500 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57,925 | €87,832 | €63,595 | €53,874 | -€58,849 | ▼ 209% |
| + Depreciation and write-downs630 | €5,401 | €3,587 | €2,193 | €1,084 | €1,800 | ▲ 66.2% |
| Operating cash flow (approximation) | €63,326 | €91,419 | €65,789 | €54,958 | -€57,049 | ▼ 204% |
| Investment in fixed assets (approximation) | - | €0 | -€0 | -€6,111 | -€1,901 | ▲ 68.9% |
| Change in cash | - | - | -€25,121 | €18,390 | -€18,390 | ▼ 200% |
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
Next filing, fiscal year 2026, expected by
2026
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet -€58,849
Net result drops to -€58,849, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Equity above €200,000Eq €260,181 ▲31.8%
5 profitable years in a row build equity to €260,181.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €87,832 ▲51.6%
Operating result €143,553, net result €87,832, both a record.
31-12
Financial
Equity above €150,000Eq €197,385 ▲80.2%
4 profitable years in a row build equity to €197,385.
15-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 15 days late
2020
31-12
Financial
Equity above €100,000Eq €109,553 ▲112%
3 profitable years in a row build equity to €109,553.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
Show earlier events
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Hoogstraten · 1 establishment unit since 2010
Ground area
933 m²
Building footprint
145 m²
Volume, LiDAR
1,634 m³
Parcel 13014E0295/00R000, Flanders · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Nick Faes
since 20102.184.420.402
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13014E0295/00R000 | Flanders | 933 m² | 1 · 145 m² | 13.4 m · 4 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.
Recognitions · licences · registrations
Legal Entity Identifier
6488Q9Y54LY7J7N7K122
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Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,340 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
Founded07-01-2010
Fiscal year end31-12
Abbreviation NL
NF
Activities, NACEBEL 2025
43310Plastering work
43230Insulation installation
43320Joinery installation
43422Screed work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0822133495
Also
9925:BE0822133495
Registered
02-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.