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NICOLAERS

Active
Private limited companyfounded 2009active for 17 yearsBosveldstraat 2, 3830 Wellen, BelgiumKBO/BCE: BE 0820.305.838
Summary

NICOLAERS has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43,320 and a net result of €44. Equity has been stable since 2019 (±2.2% per year). Its solvency ranks better than 17% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Official details

Source: KBO
Status
Active since 31-10-2009 Normal situation
Activity
Other specialised construction activities NACE 43990and 3 others
Establishment unit
2.182.498.713 3830 Wellen, since 17-11-2009
Financial year end
30 June
Peppol
Reachable since 10-11-2023

Board and ownership

Financial position

79 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Annual accounts to 30-06-2025
Gross margin
€31,447
▼ 12.2%
Turnover
≈ €270,000
estimated
Profit
€44
▼ 96.8%
Equity
€43,320
▲ 0.1%
Total assets
€303,025
▼ 4.3%
Staff
≈ 0.2 FTE
estimated
Filed on 20-01-2026, 11 days before the deadline
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Equity €43,320 (14.3% of total assets)lowers riskSize: total assets €303,025Founded in 2009Show the evidence

Checked score

Score 2025
79 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 27% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 39=
equity 14.3% of total assets
Liquidity 46-1
short-term debt 19.6% · cash 1.6%
Profitability 42-11
return on assets 0.0%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 12-2024: 0.5%lowest value 01-2025: 0.7%▲ +0.2 percentage points vs 12-2024highest value 02-2025: 0.5%▼ -0.2 percentage points vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.6%▲ +0.1 percentage points vs 09-2025 11-2025: 0.5%▼ -0.1 percentage points vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.7%▲ +0.2 percentage points vs 12-2025 02-2026: 0.5%▼ -0.2 percentage points vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026 11-2026: 0.5%● unchanged vs 10-2026
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.12 (0.94 in 2024), below the usual 1.5. Short-term debt is 19.6% and cash 1.6% of total assets. 85.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 17% of them on solvency, 37% on liquidity, 20% on profitability and 35% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €303,025
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 2009
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Equity €43,320 (14.3% of total assets)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 34902 sector peers (2025).
NBB · sector comparison
Position among 34902 sector peers
Solvency
better than 17%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-01-2026, 11 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
11 days early
2024
7 days early
2023
2 days early
2022
on the day
2021
25 days late
2020
3 days early
2019
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 29 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end01-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower solvency than 82% of companies in specialised constructionsector median 46.7% · 34,902 companies 14.3% View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

Comparable companies

These companies have the same main activity as NICOLAERS: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €260,000 and €326,000, founded between 2007 and 2010.

CompanyTotal assetsGross margin
NICOLAERS Wellen€303,025€31,447
CAT RENOVATION Mouscron€325,306€28,931
RS &P CONSTRUCT Anderlecht€325,662€28,556
BJ Piscines Oreye€315,391€31,776
LIONS CONCEPT Merelbeke-Melle€259,868€31,953
K&K DE MAN Beersel€286,260€33,487
EKODOM Waterloo€300,207€39,255
Full comparison

Key facts about NICOLAERS

What is the company number of NICOLAERS?
The company number of NICOLAERS is 0820.305.838. The VAT number is the same number with BE in front: BE 0820.305.838.
Where is NICOLAERS based?
The registered office is at Bosveldstraat 2, 3830 Wellen.Company details
What does NICOLAERS do?
According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
What is the legal form of NICOLAERS?
The legal form of NICOLAERS is Private limited company (BV).
When was NICOLAERS founded?
NICOLAERS was founded on 31-10-2009.
Is NICOLAERS still active?
Yes, NICOLAERS is an active enterprise in the KBO register.
What is the turnover of NICOLAERS?
The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €31,447 and 92 comparable companies (NACE 43990). It probably lies between €180,000 and €480,000.Financials
Is NICOLAERS profitable?
In financial year 2025, NICOLAERS made a profit of €44.
Where can I find the annual accounts of NICOLAERS?
NICOLAERS filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of NICOLAERS due?
NICOLAERS must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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