Active BE 0729.593.616Private limited company

NICOKARTS

Albert I-Promenade 44 ·8400 Oostende, Belgium· 7 yrs active

Sector: Renting & leasing (77210)

Conclusion Checked

The computed 12-month bankruptcy probability of NICOKARTS is 1.5% (low). 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 82% of 45 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€372k
Net result	€83k
Staff (FTE)	4.3
Better than sector	82%

Snowflake analysis 5 axes · computed by Checked

86 / 100

Exceptional profile, strong across almost every axis.

Health 76

Profitability 100

Solvency 74

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.5% Low

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

More than 3 years active

Founded in 2019, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2025 · computed

76 / 100 Excellent

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview6 NBB filings

Annual accounts filed on 18-09-2025 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~41.3%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 77, Renting & leasing · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	57.8%	28.6%	better than 82% of 45 sector peers
Net result	€83k	€26k	better than 75% of 45 sector peers
Equity	€372k	€154k	better than 77% of 45 sector peers
Gross operating margin	€205k	€140k	better than 56% of 45 sector peers
Total assets	€645k	€645k	better than 50% of 45 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€122k

-19.3% -37% vs sector

Net profit

€83k

+119.6% +3% vs sector

Cash flow

€165k

+19.7% ≈ vs sector

Total assets

€645k

-3.6% -32% vs sector

Equity

€372k

+0.8% ≈ vs sector

Working capital

€-16k

- -79% vs sector

Employees (FTE)

4

0.0% -11% vs sector

Staff costs

€74k

+45.6% -46% vs sector

Income taxes

€-60

- far below sector median

Dividends

€0

-100.0% 20-25

Debt

€272k

-9.0% -60% vs sector

Debt ≤ 1y

€201k

+58.5% ≈ vs sector

Debt > 1y

€70k

-59.2% ≈ vs sector

Current ratio

0.92

-32.0% -3% vs sector

Quick ratio

0.92

-32.0% ≈ vs sector

Solvency

57.8%

+4.5% ≈ vs sector

Debt / equity

0.73

-9.7% ≈ vs sector

ROE

22.2%

+117.9% ≈ vs sector

ROA

12.9%

+127.8% +68% vs sector

Interest coverage

16.15

-4.3% ≈ vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Revenue	-
EBITDA	€122k
Net profit	€83k
Cash flow	€165k
Staff costs	€74k
Income taxes	€-60
Dividends	€0
Total assets	€645k
Equity	€372k
Debt	€272k
of which ≤ 1y	€201k
of which > 1y	€70k
Working capital	€-16k
Employees (FTE)	4.3

Ratios (computed)

	2025
Current ratio	0.92
Quick ratio	0.92
Working capital ratio	-2.5%
Solvency	57.8%
Debt / equity	0.73
Long-term debt ratio	0.19
Interest coverage	16.15
Gross margin	-
Net margin	-
ROA	12.9%
ROE	22.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €460k · 71.3% Current assets €185k · 28.7%

Equity & liabilities

Equity €372k · 57.8% Debt €272k · 42.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€645k
Fixed assets	21/28	€460k
Intangible fixed assets	21	€145k
Tangible fixed assets	22/27	€51k
Financial fixed assets	28	€264k
Current assets	29/58	€185k
Amounts receivable within one year	40/41	€8k
Cash & bank	54/58	€92k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€645k
Equity	10/15	€372k
Contributions / capital	10/11	€24k
Reserves	13	€348k
Accumulated profits (losses)	14	€0
Amounts payable	17/49	€272k
Amounts payable after one year	17	€70k
Amounts payable within one year	42/48	€201k
Trade debts payable within one year	44	€8k
Income statement
Gross operating margin	9900	€205k
Operating result	9901	€40k
Financial income	75	€50k
Financial charges	65	€8k
Result before taxes	9903	€83k
Income taxes	67/77	€-60
Net result for the period	9904	€83k
Result to be appropriated	9905	€83k

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Ratios computed by Checked.

Legal Structure

NACE primary	Renting & leasing(77210)
Legal form	Private limited company(610)
Incorporation	01-07-2019
Status	Active
Postal code	8400

Establishment units 1 location

NICOKARTS

Albert I-Promenade 44, 8400 OostendeVerhuur van fietsen

since 20192.290.920.660

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35013A1596/00A020	Flanders	357 m²	1 · 299 m²	35.5 m · 11 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 8 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

18-09-2025

NBB filing Annual accounts filed

fiscal year 2025 · verkort

2024

02-10-2024

NBB filing Annual accounts filed

fiscal year 2024 · verkort

21-02-2024

State Gazette act Director changes

2023

08-11-2023

State Gazette act Director changes

17-08-2023

NBB filing Annual accounts filed

fiscal year 2023 · verkort

2022

26-10-2022

NBB filing Annual accounts filed

fiscal year 2022 · verkort

2021

25-10-2021

NBB filing Annual accounts filed

fiscal year 2021 · micro

2020

26-10-2020

NBB filing Annual accounts filed

fiscal year 2020 · micro

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 2 years ago

2024

21-02-2024 4 directors appointed, 2 resigning Director changes

Lemio CommV, Bestuurder
MEVH CommV, Bestuurder
Jason Rau, Vaste vertegenwoordiger
Jonathan Meseure, Vaste vertegenwoordiger
Jonathan Meseure, Bestuurder
Jason Rau, Bestuurder

Original publication ↗

Technical details

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2023

08-11-2023 1 director appointed, 2 resigning Director changes

NV TITECA ACCOUNTANCY, Vaste vertegenwoordiger
Nicolas Boel, Bestuurder
Anne Boonefaes, Bestuurder

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Verhuur en lease van sport- en recreatieartikelen77210Verhuur en lease van sport- en recreatieartikelen77210Overige recreatie- en ontspanningsactiviteiten, n.e.g.93299Overige recreatie- en ontspanningsactiviteiten, neg93299Personenvervoer over de weg zonder dienstregeling49320Overig personenvervoer te land, n.e.g.49390Overige recreatie- en ontspanningsactiviteiten, n.e.g.93299Overige recreatie- en ontspanningsactiviteiten, neg93299

Primary activity highlighted.

Names & trade names

Legal nameNL	NICOKARTS
Trade nameNL	NICO - Fun on Wheels

Registered office

Albert I-Promenade 44

8400 Oostende, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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