NICOVER
ActiveSummary
NICOVER has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,854 and a net result of €22,722. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 42% of 7833 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+6
Solvency66▼-2
Growth52=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 1.69 against 2.11 in 2024; short-term debt: 33.9% and cash: 9.9% of total assets), but 59% of the assets are financed with debt.
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Signals
Three 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 21-10-2025, 10 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
10 d early
2024
21 d early
2023
6 d late
2022
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 19 October (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€74,854▼ 1.1%
2024 · €75,662
Total assets
€182,625▲ 3.2%
2024 · €177,007
Net result
€22,722▲ 70.4%
2024 · €13,334
Working capital
€42,641▼ 0.8%
2024 · €43,005
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Line2022202320242025
Operating result€66,509-€10,006▼ 85.0%€20,998▲ 110%€40,016▲ 90.6%
Net result€51,727above the sector's middle half-€5,601within the sector's middle half▼ 89.2%€13,334within the sector's middle half▲ 138%€22,722within the sector's middle half▲ 70.4%
Equity€56,727within the sector's middle half-€62,328within the sector's middle half▲ 9.9%€75,662within the sector's middle half▲ 21.4%€74,854within the sector's middle half▼ 1.1%
Total assets€75,877within the sector's middle half-€78,081within the sector's middle half▲ 2.9%€177,007within the sector's middle half▲ 127%€182,625within the sector's middle half▲ 3.2%
Debt€19,150-€15,754▼ 17.7%€101,346▲ 543%€107,770▲ 6.3%
Working capital€56,727within the sector's middle half-€54,434within the sector's middle half▼ 4.0%€43,005within the sector's middle half▼ 21.0%€42,641within the sector's middle half▼ 0.8%
Solvency74.8%above the sector's middle half-79.8%above the sector's middle half▲ 5.1pp42.7%within the sector's middle half▼ 37.1pp41.0%within the sector's middle half▼ 1.8pp
Current ratio3.96above the sector's middle half-4.50above the sector's middle half▲ 0.542.11within the sector's middle half▼ 2.391.69within the sector's middle half▼ 0.43
Return on assets (ROA)68.2%above the sector's middle half-7.2%within the sector's middle half▼ 61.0pp7.5%within the sector's middle half▲ 0.4pp12.4%within the sector's middle half▲ 4.9pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 91% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €182,625
Fixed assets
€78,019 ▼ 18.2%
Current assets
€104,605 ▲ 28.2%
Equity and liabilities €182,625
Equity
€74,854 ▼ 1.1%
Debt
€107,770 ▲ 6.3%
Debt's share of the balance-sheet total rises from 57.3% to 59.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€61,587▲
2024 · €36,158
Cash flow
€44,293▲
2024 · €28,494
Debt to equity
1.44▲
2024 · 1.34
ROE
30.4%▲
2024 · 17.6%
Interest coverage
16.12▲
2024 · 11.81
Debt ≤ 1 year
€61,964▲
2024 · €38,597
Debt > 1 year
€44,945▼
2024 · €62,031
Income taxes
€13,474▲
2024 · €4,602
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €991 | €28 | €15,160 | €21,570 | ▲ 42.3% |
| Other operating charges640/8 | €161 | €112 | €888 | €1,043 | ▲ 17.4% |
| Gross operating margin9900 | €67,661 | €10,145 | €37,046 | €62,629 | ▲ 69.1% |
| Operating profit (loss)9901 | €66,509 | €10,006 | €20,998 | €40,016 | ▲ 90.6% |
| Financial income75/76B | €0 | €0 | - | €0 | - |
| Recurring financial income75 | €0 | €0 | - | €0 | - |
| Financial charges65/66B | €137 | €432 | €3,062 | €3,821 | ▲ 24.8% |
| Recurring financial charges65 | €137 | €432 | €3,062 | €3,821 | ▲ 24.8% |
| Profit (loss) for the period before taxes9903 | €66,372 | €9,574 | €17,936 | €36,196 | ▲ 102% |
| Income taxes67/77 | €14,645 | €3,973 | €4,602 | €13,474 | ▲ 193% |
| Profit (loss) for the period9904 | €51,727 | €5,601 | €13,334 | €22,722 | ▲ 70.4% |
| Profit (loss) for the period to be appropriated9905 | €51,727 | €5,601 | €13,334 | €22,722 | ▲ 70.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €75,877 | €78,081 | €177,007 | €182,625 | ▲ 3.2% |
| Fixed assets21/28 | - | €8,105 | €95,405 | €78,019 | ▼ 18.2% |
| Tangible fixed assets22/27 | - | €8,105 | €95,405 | €78,019 | ▼ 18.2% |
| Leasing and similar rights25 | - | - | €77,527 | €59,495 | ▼ 23.3% |
| Other tangible fixed assets26 | - | €8,105 | €17,877 | €18,524 | ▲ 3.6% |
| Current assets29/58 | €75,877 | €69,976 | €81,603 | €104,605 | ▲ 28.2% |
| Amounts receivable within one year40/41 | €3,621 | €7,079 | €15,246 | €16,781 | ▲ 10.1% |
| Trade receivables40 | €2,204 | €7,079 | €15,246 | €15,246 | = |
| Other amounts receivable41 | €1,417 | €0 | - | €1,535 | - |
| Current investments50/53 | - | - | - | €69,000 | - |
| Cash at bank and in hand54/58 | €72,257 | €62,897 | €65,505 | €18,080 | ▼ 72.4% |
| Deferred charges and accrued income490/1 | - | - | €852 | €744 | ▼ 12.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €75,877 | €78,081 | €177,007 | €182,625 | ▲ 3.2% |
| Equity10/15 | €56,727 | €62,328 | €75,662 | €74,854 | ▼ 1.1% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €51,727 | €57,328 | €70,662 | €69,854 | ▼ 1.1% |
| Distributable reserves133 | €51,727 | €57,328 | €70,662 | €69,854 | ▼ 1.1% |
| Profit (loss) carried forward14 | - | - | - | €0 | - |
| Amounts payable17/49 | €19,150 | €15,754 | €101,346 | €107,770 | ▲ 6.3% |
| Amounts payable after more than one year17 | - | - | €62,031 | €44,945 | ▼ 27.5% |
| Financial debts170/4 | - | - | €62,031 | €44,945 | ▼ 27.5% |
| Amounts payable within one year42/48 | €19,150 | €15,542 | €38,597 | €61,964 | ▲ 60.5% |
| Current portion of amounts payable after more than one year42 | - | - | €16,343 | €17,086 | ▲ 4.5% |
| Trade debts44 | €663 | €639 | €996 | €2,918 | ▲ 193% |
| Suppliers440/4 | €663 | €639 | €996 | €2,918 | ▲ 193% |
| Taxes, remuneration and social security45 | €14,645 | €8,061 | €11,268 | €6,159 | ▼ 45.3% |
| Taxes450/3 | €14,645 | €8,061 | €11,268 | €6,159 | ▼ 45.3% |
| Other amounts payable47/48 | €3,843 | €6,843 | €9,991 | €35,801 | ▲ 258% |
| Accrued charges and deferred income492/3 | - | €212 | €717 | €861 | ▲ 20.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,727 | €5,601 | €13,334 | €22,722 | ▲ 70.4% |
| + Depreciation and write-downs630 | €991 | €28 | €15,160 | €21,570 | ▲ 42.3% |
| Operating cash flow (approximation) | €52,718 | €5,628 | €28,494 | €44,293 | ▲ 55.4% |
| Investment in fixed assets (approximation) | - | - | -€102,460 | -€4,185 | ▲ 95.9% |
| Change in cash | - | -€9,359 | €2,607 | -€47,425 | ▼ 1,919% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
State Gazette act
Incorporation · Founder
Founding capital · Name clause
30-06
State Gazette act
Incorporation · Founder
Founding capital · Name clause
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
06-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
31-03
Financial
Weakest financial yearnet €5,601 ▼89.2%
Net result drops to €5,601, the lowest in the series; recovery starts the following year.
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kortemark · 1 establishment unit since 2020
Ground area
1,206 m²
Building footprint
282 m²
Volume, LiDAR
1,395 m³
Parcel 32011D0189/00E000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NICOVER
since 20202.310.130.719
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011D0189/00E000 | Flanders | 1,206 m² | 1 · 282 m² | 8.1 m · 2 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.
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Of 24,518 companies in sector 82990 we hold annual accounts for 9,421. 7,117 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
Founded30-10-2020
Fiscal year end31-03
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0757691348
Also
9925:BE0757691348
Registered
20-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.