Financials
- Fiscal year
- 2024
- Total assets
- €980,677
- Profit
- €44,613
- Solvency
- -29.4%
Total assets▲ 12.2%
Net result
20182024
NICMAN
ActiveSummary
The computed 12-month bankruptcy probability of NICMAN is 2.1% (moderate). The 2024 annual accounts show negative equity (-€288,137) and a net result of €44,613. Equity is shrinking by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 14% of 15862 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Agents in non-specialised wholesale trade
NACE 46190
1 site
Size
€980,677total assets 2024
- Equity
- -€288,137
- Profit
- €44,613
Turnover not published (abridged schema)
Structure
Accounts 65 d overdue0 of 1 deed read
Why 53- Figures for FY 2024 (filed 14-11-2025)- 1 financial year not filed after the legal deadline; latest accounts 106 days late; 3 of the last 3 late+ Founded in 2010+ Size: total assets €980,677Show the evidence
Checked score
Score 2024
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 36% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
0=
equity -29.4% of total assets
Liquidity
7+7
short-term debt 123.2% · cash 5.4%
Profitability
74+42
return on assets 4.5%
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 8.7%highest value
12-2024: 8.7%● 0.0% vs 11-2024highest value
01-2025: 8.7%● 0.0% vs 12-2024highest value
02-2025: 8.7%● 0.0% vs 01-2025highest value
03-2025: 8.7%● 0.0% vs 02-2025highest value
04-2025: 8.7%● 0.0% vs 03-2025highest value
05-2025: 8.7%● 0.0% vs 04-2025highest value
06-2025: 5.4%▼ -37.7% vs 05-2025
07-2025: 5.2%▼ -4.7% vs 06-2025
08-2025: 6.2%▲ +19.1% vs 07-2025
09-2025: 6.7%▲ +8.3% vs 08-2025
10-2025: 8.2%▲ +22.3% vs 09-2025
11-2025: 7.5%▼ -8.3% vs 10-2025
12-2025: 1.1%▼ -85.6% vs 11-2025
01-2026: 1.0%▼ -2.4% vs 12-2025
02-2026: 1.1%▲ +5.6% vs 01-2026
03-2026: 1.0%▼ -13.0% vs 02-2026
04-2026: 0.9%▼ -3.1% vs 03-2026lowest value
05-2026: 1.0%▲ +5.4% vs 04-2026
06-2026: 1.0%▲ +2.8% vs 05-2026
07-2026: 1.1%▲ +8.0% vs 06-2026
08-2026: 1.5%▲ +33.5% vs 07-2026
09-2026: 1.7%▲ +16.3% vs 08-2026
10-2026: 2.1%▲ +21.4% vs 09-2026
- Figures for FY 2024 (filed 14-11-2025) raises the probability
- Founded in 2010 lowers the probability for this profile
- Size: total assets €980,677 lowers the probability for this profile
- 1 financial year not filed after the legal deadline; latest accounts 106 days late; 3 of the last 3 late raises the probability
No credit on open account
Liquidity short (current ratio 0.59 against 0.53 in 2023; short-term debt: 123.2% and cash: 5.4% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 6%, liquidity 9%, profitability 62%, growth against the median 69%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 15862 sector peers (2024).
NBB · sector comparisonPosition among 15862 sector peers
Solvency
better than 14%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-11-2025, 106 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
106 d late
2023
280 d late
2022
646 d late
2021
17 d late
2020
18 d late
2019
105 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 195 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Annual accounts filedfiscal year 2022 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2016
- 14-11-2025Annual accounts filed
- 07-05-2025Annual accounts filed
- 07-05-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Agents in non-specialised wholesale tradeNACE 46190
- Founded
- 30-07-2010
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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