NICLAES
ActiveSummary
NICLAES has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €130,709. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 1764 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-3
Solvency52▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.34 in 2024; short-term debt: 45.9% and cash: 9.2% of total assets), and 72.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.2%
Return on assets
3.4%
Age of the figures
15 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 · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-04-2026, 87 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
87 d late
2024
21 d late
2023
on the day
2022
22 d late
2021
63 d late
2020
30 d late
2019
7 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 33 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 22 February (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 company by total assets in Boutersem
Equity
€1.1m▲ 14.1%
2024 · €926,642
Total assets
€3.9m▲ 3.7%
2024 · €3.7m
Net result
€130,709▲ 8.2%
2024 · €120,847
Working capital
€700,148▲ 23.8%
2024 · €565,505
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service 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
Line20212022202320242025
Operating result€287,750▲ 67.2%€148,845▼ 48.3%€198,151▲ 33.1%€226,597▲ 14.4%€248,499▲ 9.7%
Net result€211,538above the sector's middle half▲ 59.2%€66,219within the sector's middle half▼ 68.7%€97,300within the sector's middle half▲ 46.9%€120,847within the sector's middle half▲ 24.2%€130,709within the sector's middle half▲ 8.2%
Equity€642,275within the sector's middle half▲ 49.1%€708,494within the sector's middle half▲ 10.3%€805,794within the sector's middle half▲ 13.7%€926,642within the sector's middle half▲ 15.0%€1.1mwithin the sector's middle half▲ 14.1%
Total assets€2.9mwithin the sector's middle half▲ 21.1%€2.9mwithin the sector's middle half▼ 1.0%€3.3mwithin the sector's middle half▲ 12.4%€3.7mabove the sector's middle half▲ 14.2%€3.9mabove the sector's middle half▲ 3.7%
Debt€2.3m▲ 15.0%€2.2m▼ 4.2%€2.5m▲ 12.0%€2.8m▲ 14.0%€2.8m▲ 0.3%
Working capital€162,744within the sector's middle half€296,812within the sector's middle half▲ 82.4%€440,941within the sector's middle half▲ 48.6%€565,505within the sector's middle half▲ 28.2%€700,148above the sector's middle half▲ 23.8%
Solvency21.8%within the sector's middle half▲ 4.1pp24.3%within the sector's middle half▲ 2.5pp24.6%within the sector's middle half▲ 0.3pp24.7%within the sector's middle half▲ 0.2pp27.2%within the sector's middle half▲ 2.5pp
Current ratio1.17within the sector's middle half▲ 0.491.30within the sector's middle half▲ 0.131.33within the sector's middle half▲ 0.031.34within the sector's middle half=1.39within the sector's middle half▲ 0.05
Return on assets (ROA)7.2%within the sector's middle half▲ 1.7pp2.3%within the sector's middle half▼ 4.9pp3.0%within the sector's middle half▲ 0.7pp3.2%within the sector's middle half▲ 0.3pp3.4%within the sector's middle half▲ 0.1pp
Staff (FTE)4.5within the sector's middle half▼ 8.2%4.6within the sector's middle half▲ 2.2%5.8within the sector's middle half▲ 26.1%6.6within the sector's middle half▲ 13.8%6.6within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.9m
Fixed assets
€1.4m ▼ 7.4%
Current assets
€2.5m ▲ 11.2%
Equity and liabilities €3.9m
Equity
€1.1m ▲ 14.1%
Debt
€2.8m ▲ 0.3%
Debt's share of the balance-sheet total falls from 75.3% to 72.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€397,020▲
2024 · €359,127
Cash flow
€279,231▲
2024 · €253,377
Quick ratio
1.17▼
2024 · 1.20
Debt to equity
2.67▼
2024 · 3.04
ROE
12.4%▼
2024 · 13.0%
Interest coverage
5.70▼
2024 · 7.00
Debt ≤ 1 year
€1.8m▲
2024 · €1.7m
Debt > 1 year
€1.0m▼
2024 · €1.2m
Income taxes
€48,111▼
2024 · €54,437
Staff costs
€278,653▲
2024 · €217,951
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 4,508 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10,000 | - | - | - | - |
| Remuneration, social security and pensions62 | €159,642 | €162,980 | €205,655 | €217,951 | €278,653 | ▲ 27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €201,450 | €183,120 | €173,495 | €132,530 | €148,522 | ▲ 12.1% |
| Other operating charges640/8 | €21,581 | €25,507 | €30,359 | €33,962 | €42,463 | ▲ 25.0% |
| Gross operating margin9900 | €670,422 | €520,452 | €607,660 | €611,040 | €718,136 | ▲ 17.5% |
| Operating profit (loss)9901 | €287,750 | €148,845 | €198,151 | €226,597 | €248,499 | ▲ 9.7% |
| Financial income75/76B | €388 | €226 | €1,127 | €0 | - | - |
| Recurring financial income75 | €388 | €226 | €1,127 | €0 | - | - |
| Financial charges65/66B | €40,774 | €42,333 | €36,463 | €51,312 | €69,678 | ▲ 35.8% |
| Recurring financial charges65 | €40,774 | €42,333 | €36,463 | €51,312 | €69,678 | ▲ 35.8% |
| Profit (loss) for the period before taxes9903 | €247,364 | €106,737 | €162,815 | €175,285 | €178,821 | ▲ 2.0% |
| Income taxes67/77 | €35,826 | €40,517 | €65,515 | €54,437 | €48,111 | ▼ 11.6% |
| Profit (loss) for the period9904 | €211,538 | €66,219 | €97,300 | €120,847 | €130,709 | ▲ 8.2% |
| Transfer to tax-exempt reserves689 | - | - | - | €33,680 | €67,360 | ▲ 100% |
| Profit (loss) for the period to be appropriated9905 | €211,538 | €66,219 | €97,300 | €87,167 | €63,349 | ▼ 27.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €2.9m | €3.3m | €3.7m | €3.9m | ▲ 3.7% |
| Fixed assets21/28 | €1.8m | €1.6m | €1.5m | €1.5m | €1.4m | ▼ 7.4% |
| Tangible fixed assets22/27 | €1.8m | €1.6m | €1.5m | €1.5m | €1.4m | ▼ 7.4% |
| Land and buildings22 | €1.7m | €1.6m | €1.5m | €1.4m | €1.3m | ▼ 7.3% |
| Plant, machinery and equipment23 | €37,370 | €15,224 | €6,796 | €116,813 | €98,869 | ▼ 15.4% |
| Furniture and vehicles24 | €75,339 | €41,594 | €12,195 | €9,363 | €24,130 | ▲ 158% |
| Leasing and similar rights25 | €36,000 | €18,000 | €43,561 | €33,161 | €22,761 | ▼ 31.4% |
| Current assets29/58 | €1.1m | €1.3m | €1.8m | €2.2m | €2.5m | ▲ 11.2% |
| Stocks and contracts in progress3 | €158,274 | €320,747 | €165,942 | €238,283 | €405,127 | ▲ 70.0% |
| Stocks30/36 | €158,274 | €320,747 | €165,942 | €238,283 | €405,127 | ▲ 70.0% |
| Amounts receivable within one year40/41 | €839,894 | €676,652 | €1.0m | €1.5m | €1.7m | ▲ 15.5% |
| Trade receivables40 | €839,894 | €676,652 | €923,726 | €1.4m | €1.5m | ▲ 8.3% |
| Other amounts receivable41 | - | - | €83,153 | €130,429 | €249,153 | ▲ 91.0% |
| Cash at bank and in hand54/58 | €125,358 | €279,169 | €587,941 | €503,295 | €356,439 | ▼ 29.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €2.9m | €3.3m | €3.7m | €3.9m | ▲ 3.7% |
| Equity10/15 | €642,275 | €708,494 | €805,794 | €926,642 | €1.1m | ▲ 14.1% |
| Contributions10/11 | €17,600 | €17,600 | €17,600 | €17,600 | €17,600 | = |
| Reserves13 | €624,588 | €690,807 | €788,107 | €908,955 | €1.0m | ▲ 14.4% |
| Non-distributable reserves130/1 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves not available under the articles1311 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Tax-exempt reserves132 | - | - | - | €33,680 | €101,040 | ▲ 200% |
| Distributable reserves133 | €621,588 | €687,807 | €785,107 | €872,275 | €935,624 | ▲ 7.3% |
| Profit (loss) carried forward14 | €87 | €87 | €87 | €87 | €87 | = |
| Amounts payable17/49 | €2.3m | €2.2m | €2.5m | €2.8m | €2.8m | ▲ 0.3% |
| Amounts payable after more than one year17 | €1.3m | €1.2m | €1.2m | €1.2m | €1.0m | ▼ 9.4% |
| Financial debts170/4 | €1.3m | €1.2m | €1.2m | €1.2m | €1.0m | ▼ 9.4% |
| Amounts payable within one year42/48 | €960,782 | €979,756 | €1.3m | €1.7m | €1.8m | ▲ 7.0% |
| Current portion of amounts payable after more than one year42 | €141,825 | €129,441 | €136,812 | €114,243 | €113,474 | ▼ 0.7% |
| Financial debts43 | €625,000 | €625,000 | €625,000 | €625,000 | €625,000 | = |
| Credit institutions430/8 | - | - | - | €625,000 | €625,000 | = |
| Other loans439 | €625,000 | €625,000 | €625,000 | €0 | - | - |
| Trade debts44 | €126,497 | €156,850 | €456,335 | €843,429 | €1.0m | ▲ 22.3% |
| Suppliers440/4 | €126,497 | €156,850 | €456,335 | €843,429 | €1.0m | ▲ 22.3% |
| Taxes, remuneration and social security45 | €39,265 | €40,270 | €73,479 | €57,029 | €2,111 | ▼ 96.3% |
| Taxes450/3 | €30,712 | €22,798 | €50,515 | €31,437 | €2,111 | ▼ 93.3% |
| Remuneration and social security454/9 | €8,553 | €17,472 | €22,964 | €25,592 | €0 | ▼ 100% |
| Other amounts payable47/48 | €28,195 | €28,195 | €28,195 | €28,195 | €12,195 | ▼ 56.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €211,538 | €66,219 | €97,300 | €120,847 | €130,709 | ▲ 8.2% |
| + Depreciation and write-downs630 | €201,450 | €183,120 | €173,495 | €132,530 | €148,522 | ▲ 12.1% |
| Operating cash flow (approximation) | €412,987 | €249,339 | €270,795 | €253,377 | €279,231 | ▲ 10.2% |
| Investment in fixed assets (approximation) | - | €0 | -€52,000 | -€126,512 | -€36,202 | ▲ 71.4% |
| Change in cash | - | €153,810 | €308,773 | -€84,647 | -€146,856 | ▼ 73.5% |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 87 days late
2025
30-06
Financial
Equity above €1mEq €1.1m ▲14.1%
7 profitable years in a row build equity to €1.1m.
21-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 22 days late
2022
04-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 63 days late
2021
30-06
Financial
Highest result since 2019net €211,538 ▲59.2%
Operating result €287,750, net result €211,538, both a record.
30-06
Financial
Equity above €500,000Eq €642,275 ▲49.1%
3 profitable years in a row build equity to €642,275.
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
07-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 7 days late
2019
03-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 92 days late
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated 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.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Boutersem · 6 establishment units since 2012
Ground area
4.7 ha
Building footprint
4,302 m²
Volume, LiDAR
16,113 m³
6 parcels, Flanders · tallest building 22.5 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
6 establishment units
NICLAES
since 20122.210.429.466
NICLAES
since 20122.210.429.565
NICLAES
since 20122.210.429.961
NICLAES
since 20122.210.430.753
Oude Tiensebaan 89, 3460 Bekkevoort
since 20262.390.303.890
Tiensesteenweg(BIN) 36, 3211 Lubbeek
since 20262.390.303.989
6 parcels
Flanders
6
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24027A0181/00A000 | Flanders | 2.8 ha | 1 · 2,152 m² | 5.2 m |
| 24131A0546/00Y000 | Flanders | 9,014 m² | 1 · 258 m² | 9.9 m · 1 fl. |
| 24131A0857/00A000 | Flanders | 3,826 m² | 1 · 720 m² | 22.5 m · 5 fl. |
| 24592D0015/00T002 | Flanders | 3,415 m² | 1 · 768 m² | 11.7 m · 1 fl. |
| 24012A0317/00S000 | Flanders | 1,831 m² | 1 · 214 m² | 10.3 m · 2 fl. |
| 24008H0130/00E000 | Flanders | 1,243 m² | 1 · 190 m² | 2.2 m |
Linked by address, not proof of ownership
Good to know
6 of 6 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 to 2025 · 2 entries · 1,126 EUR awarded · 1,126 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 683 EUR | 683 EUR |
| 2024 | 1 | 443 EUR | 443 EUR |
Recognitions · licences · registrations
Food safety, FASFC
6 sitesBoutersem2.210.430.753
Tienen2.210.429.565
Lubbeek2.390.303.989
Bekkevoort2.390.303.890
Show 2 more sites
Boutersem2.210.429.961
Landen2.210.429.466
Legal Entity Identifier
254900BIWK76K77BI628
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Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. 852 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
Founded29-06-2012
Fiscal year end30-06
Activities, NACEBEL 2025
01610Support activities for crop production
47761Retail sale of flowers, plants, seeds and fertilisers
01630Crop and animal production, hunting and related service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847006176
Also
9925:BE0847006176
Registered
15-12-2025
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.