NICOKARTS
ActiveThe computed 12-month bankruptcy probability of NICOKARTS is 1.5% (moderate). The 2025 annual accounts show equity of €372k and a net result of €83k. Equity is growing by ~41.3% per year across the filed fiscal years. Its solvency ranks better than 67% of 908 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+9
Solvency83▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.92 against 1.35 in 2024; short-term debt: 31.2% and cash: 14.2% of total assets), and 42.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 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 77
Relative position
BE, all sectors
reference
Sector 77
higher
← 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
57.8%
Return on assets
12.9%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 18-09-2025, 43 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
43 d early
2024
29 d early
2023
75 d early
2022
5 d early
2021
6 d early
2020
5 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close18-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€372k▲ 0.8%
2024 · €370k
2020: €30k
2021: €43k
2022: €28k
2023: €356k
2024: €370k
2020 → 2025
Total assets
€645k▼ 3.6%
2024 · €669k
2020: €546k
2021: €522k
2022: €728k
2023: €731k
2024: €669k
2020 → 2025
Net result
€83k▲ 120%
2024 · €38k
2020: €6k
2021: €13k
2022: €85k
2023: €328k
2024: €38k
2020 → 2025
Working capital
€-16k
2024 · €45k
2020: €-2k
2021: €-2k
2022: €-256k
2023: €54k
2024: €45k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€28k▼ 34.4%€356k▲ 1,167%€370k▲ 3.9%€372k▲ 0.8%
Operating result€24k-€124k▲ 417%€120k▼ 2.6%€51k▼ 57.3%€40k▼ 21.7%
Net result€13k-€85k▲ 566%€328k▲ 284%€38k▼ 88.5%€83k▲ 120%
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 has fallen three years in a row; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €645k
Fixed assets
€460k▼ 7.5%
Current assets
€185k▲ 7.9%
Equity and liabilities €645k
Equity
€372k▲ 0.8%
Debt
€272k▼ 9.0%
The debt ratio falls from 44.7% to 42.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€122k▼
2024 · €151k
Cash flow
€165k▲
2024 · €138k
Solvency
57.8%▲
2024 · 55.3%
Current ratio
0.92▼
2024 · 1.35
Quick ratio
0.92▼
2024 · 1.35
Debt / equity
0.73▼
2024 · 0.81
ROE
22.2%▲
2024 · 10.2%
ROA
12.9%▲
2024 · 5.6%
Interest coverage
16.15▼
2024 · 16.87
Debt
€272k▼
2024 · €299k
Debt ≤ 1 year
€201k▲
2024 · €127k
Debt > 1 year
€70k▼
2024 · €172k
Income taxes
€-60▼
2024 · €5k
Staff costs
€74k▲
2024 · €51k
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€669k€645k▼
Fixed assets21/28€497k€460k▼
Intangible fixed assets21€179k€145k▼
Tangible fixed assets22/27€55k€51k▼
Plant, machinery and equipment23€49k€47k▼
Furniture and vehicles24€6k€4k▼
Other tangible fixed assets26€150€0▼
Financial fixed assets28€264k€264k=
Current assets29/58€171k€185k▲
Amounts receivable after more than one year29-€85k
Other amounts receivable291-€85k
Amounts receivable within one year40/41€13k€8k▼
Trade receivables40€2k€4k▲
Other amounts receivable41€11k€4k▼
Cash at bank and in hand54/58€159k€92k▼
Equity and liabilities
Total equity and liabilities10/49€669k€645k▼
Equity10/15€370k€372k▲
Contributions10/11€24k€24k=
Reserves13€346k€348k▲
Distributable reserves133€346k€348k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€299k€272k▼
Amounts payable after more than one year17€172k€70k▼
Financial debts170/4€172k€70k▼
Amounts payable within one year42/48€127k€201k▲
Current portion of amounts payable after more than one year42€98k€102k▲
Trade debts44€2k€8k▲
Suppliers440/4€2k€8k▲
Taxes, remuneration and social security45€3k€12k▲
Taxes450/3€998€8k▲
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€24k€80k▲
Accrued charges and deferred income492/3-€740
Income statement
Code20242025
Remuneration, social security and pensions62€51k€74k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100k€82k▼
Other operating charges640/8€4k€9k▲
Gross operating margin9900€207k€205k▼
Operating profit (loss)9901€51k€40k▼
Financial income75/76B€199€50k▲
Recurring financial income75€199€50k▲
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€43k€83k▲
Income taxes67/77€5k€-60▼
Profit (loss) for the period9904€38k€83k▲
Profit (loss) for the period to be appropriated9905€38k€83k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€83k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€14k€3k▼
To other reserves6921€14k€3k▼
Profit to be distributed694/7€24k€80k▲
Return on contributions (dividend)694€24k€0▼
Directors or managers695-€80k
The notes to these accounts (16 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
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2020net €328k ▲284%
Net result €328k, the highest in the series.
31-03
Financial
Liquidity times 6current ratio 1.51
Current ratio from 0.27 to 1.51; short-term debt falls from €348k to €105k.
31-03
Financial
Equity above €200kEq €356k ▲1167%
4 profitable years in a row build equity to €356k.
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro 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, Oostende · 1 establishment unit since 2019
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.
Albert I-Promenade 448400 OostendeGround area
357 m²
Building footprint
299 m²
Volume, LiDAR
7,722 m³
Parcel 35013A1596/00A020, Flanders · tallest building 35.5 m, ±11 floors. Linked by address, not a title deed.
1 establishment unit
NICOKARTS
since 20192.290.920.660
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A1596/00A020 | Flanders | 357 m² | 1 · 299 m² | 35.5 m · 11 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 422 EUR awarded · 422 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 221 EUR | 221 EUR |
| 2022 | 1 | 201 EUR | 201 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 976 companies in sector 77210 we hold annual accounts for 217. 136 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-2019
Fiscal year end31-03
Trade name NL
NICO - Fun on Wheels
Activities, NACEBEL
77210Renting and leasing of sports and recreation goods
93299Other amusement and recreation activities
49320Non-scheduled passenger transport by road
49390Land transport and transport via pipelines
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.