NICKEL
ActiveThe annual accounts of NICKEL for fiscal year 2025 show a net loss of 58% of total assets. The 2025 annual accounts show equity of €47k and a net result of €-59k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 7993 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-34
Solvency71▼-3
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 3.63 against 4.07 in 2024; short-term debt: 25.2% and cash: 29.4% of total assets), but 54% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 2025Solvency, return and age of the figures
Solvency
46%
Return on assets
-58.1%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
14 d early
2023
1 d early
2022
68 d early
2021
4 d early
2020
2 d early
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, abbreviated schema
Equity
€47k▼ 55.8%
2024 · €105k
2019: €55k
2020: €73k
2021: €23k
2022: €127k
2023: €105k
2024: €105k
2019 → 2025
Total assets
€101k▼ 53.0%
2024 · €216k
2019: €269k
2020: €261k
2021: €220k
2022: €336k
2023: €241k
2024: €216k
2019 → 2025
Net result
€-59k
2024 · €856
2019: €3k
2020: €19k
2021: €-51k
2022: €104k
2023: €341
2024: €856
2019 → 2025
Working capital
€67k▼ 57.2%
2024 · €157k
2019: €-21k
2020: €24k
2021: €-39k
2022: €214k
2023: €170k
2024: €157k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23k-€127k▲ 458%€105k▼ 17.7%€105k▲ 0.8%€47k▼ 55.8%
Operating result€-44k-€113k€9k▼ 91.7%€8k▼ 17.9%€-55k
Net result€-51k-€104k€341▼ 99.7%€856▲ 151%€-59k
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 turns negative in 2025: a loss of €55k after €8k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101k
Fixed assets
€9k▲ 11.3%
Current assets
€93k▼ 55.5%
Equity and liabilities €101k
Equity
€47k▼ 55.8%
Debt
€55k▼ 50.4%
The debt ratio rises from 51.1% to 54.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-50k▼
2024 · €11k
Cash flow
€-54k▼
2024 · €4k
Solvency
46.0%▼
2024 · 48.9%
Current ratio
3.63▼
2024 · 4.07
Quick ratio
3.46▲
2024 · 1.22
Debt / equity
1.17▲
2024 · 1.04
ROE
-126.3%▼
2024 · 0.8%
ROA
-58.1%▼
2024 · 0.4%
Interest coverage
-7.77▼
2024 · 1.72
Debt
€55k▼
2024 · €110k
Debt ≤ 1 year
€26k▼
2024 · €51k
Debt > 1 year
€29k▼
2024 · €59k
Income taxes
€-136▼
2024 · €1k
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€216k€101k▼
Fixed assets21/28€8k€9k▲
Tangible fixed assets22/27€8k€9k▲
Land and buildings22€8k€4k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24-€3k
Current assets29/58€208k€93k▼
Stocks and contracts in progress3€146k€4k▼
Stocks30/36€146k€4k▼
Amounts receivable within one year40/41€55k€57k▲
Trade receivables40€39k€6k▼
Other amounts receivable41€16k€51k▲
Cash at bank and in hand54/58€7k€30k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€216k€101k▼
Equity10/15€105k€47k▼
Contributions10/11€44k€44k=
Outside capital11€44k€44k=
Other1109/19€44k€44k=
Reserves13€61k€61k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€60k€60k=
Profit (loss) carried forward14-€-59k
Amounts payable17/49€110k€55k▼
Amounts payable after more than one year17€59k€29k▼
Financial debts170/4€59k€29k▼
Amounts payable within one year42/48€51k€26k▼
Current portion of amounts payable after more than one year42€19k€20k▲
Trade debts44€25k€1k▼
Suppliers440/4€25k€1k▼
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€7k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€7k€3k▼
Non-recurring operating charges66A€1k-
Gross operating margin9900€19k€-47k▼
Operating profit (loss)9901€8k€-55k▼
Financial income75/76B€882€3k▲
Recurring financial income75€882€3k▲
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€2k€-59k▼
Income taxes67/77€1k€-136▼
Profit (loss) for the period9904€856€-59k▼
Profit (loss) for the period to be appropriated9905€856€-59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€856€-59k▼
Transfer to equity691/2€856-
To contributions691€856-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-59k ▼6977%
Net result drops to €-59k, the lowest in the series.
17-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €104k
Net result €104k after one loss-making year.
30-06
Financial
Liquidity times 10current ratio 2.88
Current ratio from 0.29 to 2.88.
30-06
Financial
Equity above €100kEq €127k ▲458%
Equity rises from €23k to €127k.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Liquidity triplescurrent ratio 1.86
Current ratio from 0.66 to 1.86; short-term debt falls from €64k to €28k.
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Tremelo · 1 establishment unit since 2004
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.
Zavelstraat 33120 TremeloGround area
3,024 m²
Building footprint
271 m²
Volume, LiDAR
992 m³
2 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NICKEL
since 20042.135.599.312
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23080B0019/00P002 | Flanders | 2,621 m² | 1 · 163 m² | 10.8 m · 2 fl. |
| 24109A0060/00X012 | Flanders | 403 m² | 1 · 107 m² | 0.5 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2024 · 1 entry · 630 EUR awarded · 630 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 630 EUR | 630 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
DBR INVEST
BE 0662.958.871
Aalter · Eq €47k
Giefep
BE 1028.338.966
Peer · Eq €47k
SYGMA
BE 0429.189.366
Lasne · Eq €47k
EXPONENTIAL INVEST
BE 0664.610.841
Namur · Eq €47k
JOHELEN
BE 0820.470.837
La Louvière · Eq €47k
Of 4,422 companies in sector 46180 we hold annual accounts for 1,886. 1,340 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-10-2003
Fiscal year end31-12
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
47551Retail sale of household furniture
47552Retail sale of lighting equipment
47553Retail trade
47591Retail trade
47592Retail trade
47593Retail trade
68321Property management for co-owned buildings (syndics)
68322Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.