NICMAT
ActiveNICMAT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €7k. Equity is growing by ~22% per year across the filed fiscal years. Its solvency ranks better than 51% of 542 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▼-24
Solvency68▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.1 against 1.28 in 2024; short-term debt: 31.3% and cash: 11.5% of total assets), but 57.3% 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 · 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
42.7%
Return on assets
7.4%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-04-2026, 17 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
17 d early
2024
30 d early
2023
25 d early
2022
5 d early
2021
5 d early
2020
30 d early
2019
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€38k▲ 21.0%
2024 · €32k
2018: €6k
2019: €15k
2020: €31k
2021: €17k
2022: €47k
2023: €31k
2024: €32k
2018 → 2025
Total assets
€90k▼ 20.3%
2024 · €113k
2018: €33k
2019: €18k
2020: €53k
2021: €57k
2022: €121k
2023: €117k
2024: €113k
2018 → 2025
Net result
€7k▼ 32.3%
2024 · €10k
2018: €90
2019: €9k
2020: €3k
2021: €-14k
2022: €30k
2023: €2k
2024: €10k
2018 → 2025
Working capital
€31k▲ 133%
2024 · €13k
2018: €3k
2019: €14k
2020: €24k
2021: €13k
2022: €27k
2023: €3k
2024: €13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€47k▲ 180%€31k▼ 34.0%€32k▲ 2.4%€38k▲ 21.0%
Operating result€-12k-€32k€4k▼ 88.5%€14k▲ 292%€9k▼ 34.5%
Net result€-14k-€30k€2k▼ 94.5%€10k▲ 495%€7k▼ 32.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €90k
Fixed assets
€31k▼ 40.2%
Current assets
€59k▼ 3.9%
Equity and liabilities €90k
Equity
€38k▲ 21.0%
Debt
€51k▼ 36.5%
The debt ratio falls from 71.9% to 57.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34k▼
2024 · €37k
Cash flow
€31k▼
2024 · €33k
Solvency
42.7%▲
2024 · 28.1%
Current ratio
2.10▲
2024 · 1.28
Quick ratio
2.10▲
2024 · 1.28
Debt / equity
1.34▼
2024 · 2.56
ROE
17.4%▼
2024 · 31.1%
ROA
7.4%▼
2024 · 8.7%
Interest coverage
-347.18▼
2024 · 35.26
Debt
€51k▼
2024 · €81k
Debt ≤ 1 year
€28k▼
2024 · €48k
Debt > 1 year
€23k▼
2024 · €33k
Income taxes
€3k▼
2024 · €3k
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€113k€90k▼
Fixed assets21/28€51k€31k▼
Tangible fixed assets22/27€51k€30k▼
Plant, machinery and equipment23€10k€4k▼
Furniture and vehicles24€41k€26k▼
Financial fixed assets28€74€74=
Current assets29/58€61k€59k▼
Amounts receivable within one year40/41€49k€48k▼
Trade receivables40€47k€48k▲
Other amounts receivable41€2k€396▼
Cash at bank and in hand54/58€12k€10k▼
Deferred charges and accrued income490/1-€785
Equity and liabilities
Total equity and liabilities10/49€113k€90k▼
Equity10/15€32k€38k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Reserves not available under the articles1311€90€90=
Profit (loss) carried forward14€10k€16k▲
Amounts payable17/49€81k€51k▼
Amounts payable after more than one year17€33k€23k▼
Financial debts170/4€33k€23k▼
Amounts payable within one year42/48€48k€28k▼
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€14k€1k▼
Suppliers440/4€14k€1k▼
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€5k€3k▼
Remuneration and social security454/9-€4k
Other amounts payable47/48€21k€11k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€24k▲
Other operating charges640/8€627€762▲
Gross operating margin9900€38k€35k▼
Operating profit (loss)9901€14k€9k▼
Financial income75/76B€3-
Recurring financial income75€3-
Financial charges65/66B€1k€-97▼
Recurring financial charges65€1k€-97▼
Profit (loss) for the period before taxes9903€13k€9k▼
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€10k€7k▼
Profit (loss) for the period to be appropriated9905€10k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€16k▲
Profit (loss) brought forward from the previous period14P-€10k
Transfer from equity791/2€9k-
Profit to be distributed694/7€9k-
Return on contributions (dividend)694€9k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-14k ▼557%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Liquidity times 6current ratio 6.98
Current ratio from 1.10 to 6.98; short-term debt falls from €27k to €2k.
03-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Merchtem · 1 establishment unit since 2017
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.
Steenweg op Asse 41785 MerchtemGround area
725 m²
Building footprint
164 m²
Volume, LiDAR
687 m³
Parcel 23012G0030/00F000, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
NICMAT
since 20172.265.234.961
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23012G0030/00F000 | Flanders | 725 m² | 1 · 164 m² | 7.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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MENUISERIE ANSIAUX FABRICE
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CONCEPT MENUISERIE
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Of 1,599 companies in sector 16230 we hold annual accounts for 783. 541 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-06-2017
Fiscal year end30-09
Activities, NACEBEL
16230Manufacture of other builders' carpentry and joinery
31002Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
31009Manufacture of furniture
43343Specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.