NICOVER
ActiveNICOVER has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65k and a net result of €11k. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 83% of 173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
93
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-17
Solvency100=
Growth52=
Stability94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 4.62 against 3.83 in 2024), and 20.9% 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
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
79.1%
Return on assets
13.1%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
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 31-03-2026, 122 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
122 d early
2024
17 d early
2023
22 d early
2022
17 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€65k▲ 19.9%
2024 · €54k
2022: €32k
2023: €43k
2024: €54k
2022 → 2025
Total assets
€82k▲ 12.6%
2024 · €73k
2022: €45k
2023: €65k
2024: €73k
2022 → 2025
Net result
€11k▼ 1.6%
2024 · €11k
2022: €30k
2023: €11k
2024: €11k
2022 → 2025
Working capital
€62k▲ 16.8%
2024 · €53k
2022: €31k
2023: €42k
2024: €53k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€32k-€43k▲ 34.5%€54k▲ 25.4%€65k▲ 19.9%
Operating result€39k-€14k▼ 63.4%€13k▼ 8.2%€13k▲ 3.5%
Net result€30k-€11k▼ 63.8%€11k▼ 1.0%€11k▼ 1.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82k
Fixed assets
€3k▲ 187%
Current assets
€79k▲ 10.2%
Equity and liabilities €82k
Equity
€65k▲ 19.9%
Debt
€17k▼ 8.6%
The debt ratio falls from 25.8% to 20.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€14k▲
2024 · €13k
Cash flow
€11k▲
2024 · €11k
Solvency
79.1%▲
2024 · 74.2%
Current ratio
4.62▲
2024 · 3.83
Quick ratio
4.62▲
2024 · 3.83
Debt / equity
0.26▼
2024 · 0.35
ROE
16.6%▼
2024 · 20.3%
ROA
13.1%▼
2024 · 15.0%
Interest coverage
317.55▼
2024 · 336.70
Debt
€17k▼
2024 · €19k
Debt ≤ 1 year
€17k▼
2024 · €19k
Income taxes
€3k▲
2024 · €3k
Staff costs
€42▼
2024 · €427
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€73k€82k▲
Fixed assets21/28€980€3k▲
Tangible fixed assets22/27€980€3k▲
Furniture and vehicles24€980€3k▲
Current assets29/58€72k€79k▲
Amounts receivable within one year40/41€5k€5k▼
Trade receivables40€5k€5k▼
Current investments50/53€51k€51k▲
Cash at bank and in hand54/58€16k€23k▲
Equity and liabilities
Total equity and liabilities10/49€73k€82k▲
Equity10/15€54k€65k▲
Contributions10/11€2k€2k=
Reserves13€52k€63k▲
Distributable reserves133€52k€63k▲
Amounts payable17/49€19k€17k▼
Amounts payable within one year42/48€19k€17k▼
Trade debts44€688€1k▲
Suppliers440/4€688€1k▲
Taxes, remuneration and social security45€9k€6k▼
Taxes450/3€9k€6k▼
Other amounts payable47/48€9k€10k▲
Income statement
Code20242025
Remuneration, social security and pensions62€427€42▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€337€577▲
Other operating charges640/8€513€528▲
Gross operating margin9900€14k€15k▲
Operating profit (loss)9901€13k€13k▲
Financial income75/76B€1k€738▼
Recurring financial income75€1k€738▼
Financial charges65/66B€40€44▲
Recurring financial charges65€40€44▲
Profit (loss) for the period before taxes9903€14k€14k▲
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€11k€11k▼
Profit (loss) for the period to be appropriated9905€11k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€11k▼
Transfer to equity691/2€11k€11k▼
To other reserves6921€11k€11k▼
The notes to these accounts (5 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
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €11k ▼1.6%
Net result drops to €11k, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Harelbeke · 1 establishment unit since 2021
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.
Bavikhoofsestraat 608530 HarelbekeGround area
2,799 m²
Building footprint
365 m²
Volume, LiDAR
1,918 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NICOVER
since 20212.313.632.122
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34323D0121/00E007 | Flanders | 1,407 m² | 1 · 189 m² | 8.7 m · 2 fl. |
| 34004B0258/00L000 | Flanders | 1,392 m² | 1 · 176 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 388 companies in sector 38110 we hold annual accounts for 200. 106 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-02-2021
Fiscal year end31-12
Activities, NACEBEL
38110Waste collection, recovery and disposal activities
38210Materials recovery from waste
38219Waste collection, recovery and disposal activities
38321Waste collection, recovery and disposal activities
38330Waste collection, recovery and disposal activities
42212Civil engineering
43110Demolition
77394Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.