NIE
ActiveSummary
The computed 12-month bankruptcy probability of NIE is 2.2% (moderate). The 2025 annual accounts show equity of €74,441 and a net result of €10,354. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 1003 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
Axes · tick = 2024
Profitability86▲+86
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 32.13 against 3.69 in 2024; short-term debt: 2.4% and cash: 19.1% of total assets), and 2.4% of the assets are financed with debt.
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Signals
Five 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 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← 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
97.6%
Return on assets
13.6%
Age of the figures
9 mo
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 21-05-2026, 71 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
71 d early
2024
22 d early
2023
30 d late
2022
28 d late
2021
16 d late
2020
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€74,441▲ 16.2%
2024 · €64,087
Total assets
€76,244▼ 6.7%
2024 · €81,750
Net result
€10,354
2024 · -€23,374
Working capital
€56,116▲ 18.1%
2024 · €47,510
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, 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
Line20212022202320242025
Operating result€3,112▼ 94.1%€38,610▲ 1,141%€25,113▼ 35.0%-€21,801€11,096
Net result€1,494within the sector's middle half▼ 96.5%€29,594within the sector's middle half▲ 1,880%€18,624within the sector's middle half▼ 37.1%-€23,374below the sector's middle half€10,354within the sector's middle half
Equity€39,243within the sector's middle half▲ 4.0%€68,837within the sector's middle half▲ 75.4%€87,461within the sector's middle half▲ 27.1%€64,087within the sector's middle half▼ 26.7%€74,441within the sector's middle half▲ 16.2%
Total assets€58,017below the sector's middle half▼ 21.3%€90,378within the sector's middle half▲ 55.8%€107,503within the sector's middle half▲ 18.9%€81,750within the sector's middle half▼ 24.0%€76,244within the sector's middle half▼ 6.7%
Debt€18,774▼ 47.7%€21,541▲ 14.7%€20,041▼ 7.0%€17,663▼ 11.9%€1,803▼ 89.8%
Working capital€19,440▲ 80.9%€54,456▲ 180%€54,706▲ 0.5%€47,510▼ 13.2%€56,116▲ 18.1%
Solvency67.6%above the sector's middle half▲ 16.4pp76.2%above the sector's middle half▲ 8.5pp81.4%above the sector's middle half▲ 5.2pp78.4%above the sector's middle half▼ 3.0pp97.6%above the sector's middle half▲ 19.2pp
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, 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
The operating result returns to profit in 2025: €11,096 after a loss of €21,801 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76,244
Fixed assets
€18,325 ▲ 10.5%
Current assets
€57,919 ▼ 11.1%
Equity and liabilities €76,244
Equity
€74,441 ▲ 16.2%
Debt
€1,803 ▼ 89.8%
Debt's share of the balance-sheet total falls from 21.6% to 2.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,505▲
2024 · -€14,742
Cash flow
€12,763▲
2024 · -€16,315
Current ratio
32.13▲
2024 · 3.69
Debt to equity
0.02▼
2024 · 0.28
ROE
13.9%▲
2024 · -36.5%
ROA
13.6%▲
2024 · -28.6%
Interest coverage
43.44▲
2024 · -19.59
Debt ≤ 1 year
€1,803▼
2024 · €17,663
Income taxes
€431▼
2024 · €821
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 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 higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 26,964 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,574 | €7,838 | €7,745 | €7,059 | €2,409 | ▼ 65.9% |
| Other operating charges640/8 | €2,213 | €723 | €448 | €765 | €958 | ▲ 25.4% |
| Gross operating margin9900 | €12,899 | €47,171 | €33,306 | -€13,977 | €14,463 | ▲ 203% |
| Operating profit (loss)9901 | €3,112 | €38,610 | €25,113 | -€21,801 | €11,096 | ▲ 151% |
| Financial income75/76B | €1 | €211 | €207 | - | - | - |
| Recurring financial income75 | €1 | €211 | €207 | - | - | - |
| Financial charges65/66B | €22 | €762 | €764 | €752 | €311 | ▼ 58.7% |
| Recurring financial charges65 | €22 | €762 | €764 | €752 | €311 | ▼ 58.7% |
| Profit (loss) for the period before taxes9903 | €3,091 | €38,059 | €24,556 | -€22,553 | €10,785 | ▲ 148% |
| Income taxes67/77 | €1,596 | €8,465 | €5,931 | €821 | €431 | ▼ 47.5% |
| Profit (loss) for the period9904 | €1,494 | €29,594 | €18,624 | -€23,374 | €10,354 | ▲ 144% |
| Profit (loss) for the period to be appropriated9905 | €1,494 | €29,594 | €18,624 | -€23,374 | €10,354 | ▲ 144% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,017 | €90,378 | €107,503 | €81,750 | €76,244 | ▼ 6.7% |
| Fixed assets21/28 | €19,803 | €15,021 | €32,755 | €16,577 | €18,325 | ▲ 10.5% |
| Tangible fixed assets22/27 | €19,803 | €15,021 | €8,492 | €2,693 | €4,441 | ▲ 64.9% |
| Plant, machinery and equipment23 | €3,107 | €4,221 | €3,092 | €2,693 | €794 | ▼ 70.5% |
| Furniture and vehicles24 | €16,695 | €10,800 | €5,400 | - | €3,647 | - |
| Financial fixed assets28 | - | - | €24,263 | €13,884 | €13,884 | = |
| Current assets29/58 | €38,215 | €75,356 | €74,748 | €65,173 | €57,919 | ▼ 11.1% |
| Amounts receivable within one year40/41 | €30,385 | €44,510 | €60,821 | €60,208 | €40,493 | ▼ 32.7% |
| Trade receivables40 | €24,736 | €37,694 | €54,708 | €57,496 | €37,624 | ▼ 34.6% |
| Other amounts receivable41 | €5,648 | €6,817 | €6,113 | €2,712 | €2,869 | ▲ 5.8% |
| Cash at bank and in hand54/58 | €6,878 | €28,742 | €11,155 | €3,039 | €14,553 | ▲ 379% |
| Deferred charges and accrued income490/1 | €952 | €2,104 | €2,772 | €1,927 | €2,873 | ▲ 49.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,017 | €90,378 | €107,503 | €81,750 | €76,244 | ▼ 6.7% |
| Equity10/15 | €39,243 | €68,837 | €87,461 | €64,087 | €74,441 | ▲ 16.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €34,243 | €63,837 | €82,461 | €59,087 | €69,441 | ▲ 17.5% |
| Amounts payable17/49 | €18,774 | €21,541 | €20,041 | €17,663 | €1,803 | ▼ 89.8% |
| Amounts payable after more than one year17 | - | €640 | - | - | - | - |
| Financial debts170/4 | - | €640 | - | - | - | - |
| Amounts payable within one year42/48 | €18,774 | €20,901 | €20,041 | €17,663 | €1,803 | ▼ 89.8% |
| Current portion of amounts payable after more than one year42 | - | €960 | - | - | - | - |
| Trade debts44 | - | €1,478 | €1,778 | €552 | €1,077 | ▲ 95.1% |
| Suppliers440/4 | - | €1,478 | €1,778 | €552 | €1,077 | ▲ 95.1% |
| Taxes, remuneration and social security45 | €18,774 | €18,462 | €18,263 | €17,111 | €725 | ▼ 95.8% |
| Taxes450/3 | €14,837 | €14,862 | €17,763 | €10,015 | €725 | ▼ 92.8% |
| Remuneration and social security454/9 | €3,937 | €3,600 | €500 | €7,096 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,494 | €29,594 | €18,624 | -€23,374 | €10,354 | ▲ 144% |
| + Depreciation and write-downs630 | €7,574 | €7,838 | €7,745 | €7,059 | €2,409 | ▼ 65.9% |
| Operating cash flow (approximation) | €9,068 | €37,432 | €26,370 | -€16,315 | €12,763 | ▲ 178% |
| Investment in fixed assets (approximation) | - | -€3,057 | -€25,479 | €9,119 | -€4,157 | ▼ 146% |
| Change in cash | - | €21,863 | -€17,587 | -€8,116 | €11,514 | ▲ 242% |
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
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €10,354
Net result €10,354 after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 32.13
Current ratio from 3.69 to 32.13; short-term debt falls from €17,663 to €1,803.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€23,374
Net result drops to -€23,374, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
Financial milestoneNBB 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, Brussel · 1 establishment unit since 2019
Ground area
282 m²
Building footprint
185 m²
Volume, LiDAR
2,680 m³
Parcel 21813E0101/00L002, Brussels · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
NIE
since 20192.294.223.907
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813E0101/00L002 | Brussels | 282 m² | 1 · 185 m² | 16.8 m · 5 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 2,325 companies in sector 42110 we hold annual accounts for 1,096. 708 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
Founded24-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
E-invoicing
Reachable via Peppol
Peppol ID
0208:0734833891
Registered
04-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.