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Nico SH

Active
Private limited companyfounded 20215 yrs activeW.A. Mozartlaan 2, 1620 Drogenbos, BelgiumKBO/BCE: BE 0761.377.447
Summary

The computed 12-month bankruptcy probability of Nico SH is 4.3% (elevated). The 2025 annual accounts show equity of €17,499 and a net result of -€3,833. Equity is growing by ~59.4% per year across the filed fiscal years. Its solvency ranks better than 48% of 13617 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2022
Profitability11▲+11
Solvency53▲+53
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.39; short-term debt: 72% of total assets), and 72% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
28%
Return on assets
-6.1%
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 23-07-2026, 8 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
8 d early
2022
22 d late
2021
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 15 days after the deadline; the sector median for financial year 2022 is 16 days after the deadline, and 56% 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 22 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 8 January 2021, Nico SH was incorporated as a Private limited company.1 In 2026 the registered office moved to Drogenbos.2 Sidor Stanuca has served as director of the company since 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 03-07-2026

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Financials · fiscal year 2025, micro schema

Equity
€17,499
2022 · -€7,713
Total assets
€62,588▲ 6,874%
2022 · €897
Net result
-€3,833▲ 44.2%
2022 · -€6,871
Working capital
€17,499
2022 · -€7,713
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage 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
Line202120222025
Operating result-€3,193--€6,551▼ 105%-€3,822-
Net result-€3,341below the sector's middle half--€6,871within the sector's middle half▼ 106%-€3,833within the sector's middle half-
Equity-€841within the sector's middle half--€7,713below the sector's middle half▼ 817%€17,499within the sector's middle half-
Total assets€593below the sector's middle half-€897below the sector's middle half▲ 51.4%€62,588within the sector's middle half-
Debt€1,434-€8,610▲ 500%€45,089-
Working capital-€841within the sector's middle half--€7,713within the sector's middle half▼ 817%€17,499within the sector's middle half-
Solvency28.0%within the sector's middle half-
Current ratio1.39within the sector's middle half-
Return on assets (ROA)-6.1%within the sector's middle half-
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service 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
-€8,000-€6,000-€4,000-€2,000€0Operating result 2021: -€3,193-€3,193Net result 2021: -€3,341-€3,341Operating result 2022: -€6,551-€6,551Net result 2022: -€6,871-€6,871Operating result 2025: -€3,822-€3,822Net result 2025: -€3,833-€3,833202120222025-€8,000-€6,000-€4,000-€2,000€0Operating result 2021: -€3,193-€3,190Net result 2021: -€3,341-€3,340Operating result 2022: -€6,551-€6,550Net result 2022: -€6,871-€6,870Operating result 2025: -€3,822-€3,820Net result 2025: -€3,833-€3,830202120222025
The operating result is -€3,822 in 2025, compared with -€6,551 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
Equity and liabilities €62,588
Equity €17,499
Debt €45,089
Debt finances 72.0% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2022
EBITDA
-€3,822
Cash flow
-€3,833
Debt to equity
2.58
ROE
-21.9%
Interest coverage
-362.96
Debt ≤ 1 year
€45,089▲
2022 · €8,610
Income taxes
€0
Staff costs
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,548 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a small loss
4.3% went bankrupt
3.9% stopped otherwise
91% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.3% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,548 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
Filed annual accounts As filed with the NBB · 2025 against 2022 · 36 lines
Balance sheet Code20222025
Assets
Total assets20/58€897€62,588▲
Fixed assets21/28-€0
Intangible fixed assets21-€0
Current assets29/58€897€62,588▲
Stocks and contracts in progress3-€0
Stocks30/36-€0
Amounts receivable within one year40/41€897€62,588▲
Other amounts receivable41€897€62,588▲
Equity and liabilities
Total equity and liabilities10/49€897€62,588▲
Equity10/15-€7,713€17,499▲
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14-€10,213€14,999▲
Amounts payable17/49€8,610€45,089▲
Amounts payable within one year42/48€8,610€45,089▲
Financial debts43€9€10▲
Credit institutions430/8€9€10▲
Trade debts44€3,055€36,847▲
Suppliers440/4€3,055€36,847▲
Taxes, remuneration and social security45-€8,233
Taxes450/3-€8,233
Other amounts payable47/48€5,545-
Income statement Code20222025
Remuneration, social security and pensions62-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€0
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1,990
Other operating charges640/8-€621
Non-recurring operating charges66A-€36,000
Gross operating margin9900-€6,551€34,789▲
Operating profit (loss)9901-€6,551-€3,822▲
Financial charges65/66B€320€11▼
Recurring financial charges65€320€11▼
Profit (loss) for the period before taxes9903-€6,871-€3,833▲
Income taxes67/77-€0
Profit (loss) for the period9904-€6,871-€3,833▲
Profit (loss) for the period to be appropriated9905-€6,871-€3,833▲
Appropriation of the result
Profit (loss) to be appropriated9906-€10,213€14,999▲
Profit (loss) brought forward from the previous period14P-€3,341€18,831▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202120222025Change
Remuneration, social security and pensions62--€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€0-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€1,990-
Other operating charges640/8--€621-
Non-recurring operating charges66A--€36,000-
Gross operating margin9900-€3,193-€6,551€34,789-
Operating profit (loss)9901-€3,193-€6,551-€3,822-
Financial charges65/66B€148€320€11-
Recurring financial charges65€148€320€11-
Profit (loss) for the period before taxes9903-€3,341-€6,871-€3,833-
Income taxes67/77--€0-
Profit (loss) for the period9904-€3,341-€6,871-€3,833-
Profit (loss) for the period to be appropriated9905-€3,341-€6,871-€3,833-
Line202120222025Change
Assets
Total assets20/58€593€897€62,588-
Fixed assets21/28--€0-
Intangible fixed assets21--€0-
Current assets29/58€593€897€62,588-
Stocks and contracts in progress3--€0-
Stocks30/36--€0-
Amounts receivable within one year40/41€593€897€62,588-
Other amounts receivable41€593€897€62,588-
Equity and liabilities
Total equity and liabilities10/49€593€897€62,588-
Equity10/15-€841-€7,713€17,499-
Contributions10/11€2,500€2,500€2,500-
Profit (loss) carried forward14-€3,341-€10,213€14,999-
Amounts payable17/49€1,434€8,610€45,089-
Amounts payable within one year42/48€1,434€8,610€45,089-
Financial debts43€9€9€10-
Credit institutions430/8-€9€10-
Other loans439€9---
Trade debts44€1,300€3,055€36,847-
Suppliers440/4€1,300€3,055€36,847-
Taxes, remuneration and social security45--€8,233-
Taxes450/3--€8,233-
Other amounts payable47/48€125€5,545--
Line202120222025Change
Profit (loss) for the period9904-€3,341-€6,871-€3,833-
+ Depreciation and write-downs630--€0-
Operating cash flow (approximation)-€3,341-€6,871-€3,833-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
23-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
03-07
State Gazette act Resignation: Laura Cristina Popescu (director)
Appointment: Sidor Stanuca (director) · Registered-office move · Director discharge5 facts ▸
  • General meeting, 01-06-2026
  • Registered-office move, Av. M.A. Mozart 2,1620 Drogenbos
  • Director resignation, Laura Cristina Popescu (director)
  • Director discharge, Laura Cristina Popescu
  • Director appointment, Sidor Stanuca (director)
2025
31-12
Financial Liquidity times 13current ratio 1.39
Current ratio from 0.10 to 1.39.
2023
22-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial Weakest financial yearnet -€6,871
Net result drops to -€6,871, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts

Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 director, last change in 2026
Sidor Stanuca
Director · since 01-06-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Drogenbos · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1.1 ha
Building footprint
795 m²
Volume, LiDAR
8,993 m³
Parcel 22001A0006/00W002, Flanders · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
236 companies at this address See who is registered here
1 establishment unit
Nico SH
W.A. Mozartlaan 2, 1620 DrogenbosCafés and bars
since 20242.354.758.736
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
22001A0006/00W002 Flanders 1.1 ha 1 · 794 m² 13.0 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.

Mandate history

2 people since 2026, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Sidor Stanuca
  • Director, from 01-06-2026 to date
Laura Cristina Popescu
  • Director, until 01-06-2026
See the board, name and seat on a given date →

Articles of association

Who signs
“4. Vertegenwoordigingsbevoegdheid De bestuurder beschikt over alle bevoegdheden voorzien door het Wetboek van vennootschappen en verenigingen en de statuten van de vennootschap. Sidor Stanuca Bestuurder”

Structure & network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Drogenbos2.354.758.736
1 permission
Drankgelegenheid · since 01-01-2024

Similar companies · same sector, comparable size

Of 14,002 companies in sector 56301 we hold annual accounts for 4,896. 3,943 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
Founded08-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID 0208:0761377447
Also 9925:BE0761377447
Registered 10-06-2026

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.