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NIELAN

Active
Private limited companyfounded 199035 yrs activeDriesstraat 33, 9240 Zele, BelgiumKBO/BCE: BE 0442.212.310
Summary

NIELAN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €150,838 and a net result of €575. Equity is shrinking by ~5.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability69=
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 46.78 against 6.84 in 2024; short-term debt: 1% and cash: 0.4% of total assets), and 1% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
99%
Return on assets
0.4%
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
11 d early
2024
8 d early
2023
7 d early
2022
17 d early
2021
18 d late
2020
26 d late
2019
25 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 4 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 23 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

NIELAN was incorporated on 10 October 1990.1 Total assets fell from EUR 222,911 in 2018 to EUR 152,329 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
€11,153
EBIT margin
3386.8%
Net result
€575▲ 7,783%
2024 · €7
Working capital
€68,239▲ 6.7%
2024 · €63,929
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover
Operating result-€1,819€17,335-€3,364€89€583▲ 557%
Net result€5,982▼ 98.2%€12,513▲ 109%-€5,663€7€575▲ 7,783%
EBIT margin
Equity€552,432▲ 1.1%€155,920▼ 71.8%€150,256▼ 3.6%€150,264=€150,838▲ 0.4%
Total assets€555,814▲ 1.7%€209,954▼ 62.2%€169,899▼ 19.1%€161,215▼ 5.1%€152,329▼ 5.5%
Debt€3,382€54,035▲ 1,498%€19,643▼ 63.6%€10,952▼ 44.2%€1,491▼ 86.4%
Working capital€449,127€60,121▼ 86.6%€59,271▼ 1.4%€63,929▲ 7.9%€68,239▲ 6.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2021: -€1,819-€1,819Net result 2021: €5,982€5,982Operating result 2022: €17,335€17,335Net result 2022: €12,513€12,513Operating result 2023: -€3,364-€3,364Net result 2023: -€5,663-€5,663Operating result 2024: €89€89Net result 2024: €7€7Operating result 2025: €583€583Net result 2025: €575€57520212022202320242025-€6,000-€4,000-€2,000€0Operating result 2023: -€3,364-€3,360Net result 2023: -€5,663-€5,660Operating result 2024: €89€89Net result 2024: €7€7Operating result 2025: €583€583Net result 2025: €575€575202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 557% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152,329
Fixed assets €82,600 ▼ 4.3%
Current assets €69,729 ▼ 6.9%
Equity and liabilities €152,329
Equity €150,838 ▲ 0.4%
Debt €1,491 ▼ 86.4%
Debt's share of the balance-sheet total falls from 6.8% to 1.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€4,318▼
2024 · €4,739
Cash flow
€4,310▼
2024 · €4,658
Current ratio
46.78▲
2024 · 6.84
Debt to equity
0.01▼
2024 · 0.07
ROE
0.4%▲
2024 · 0.0%
ROA
0.4%▲
2024 · 0.0%
Interest coverage
31.63▼
2024 · 36.15
Debt ≤ 1 year
€1,491▼
2024 · €10,952
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 17,040 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€161,215€152,329▼
Fixed assets21/28€86,335€82,600▼
Tangible fixed assets22/27€86,335€82,600▼
Land and buildings22€85,992€82,369▼
Plant, machinery and equipment23€342€231▼
Current assets29/58€74,880€69,729▼
Current investments50/53€73,002€69,144▼
Cash at bank and in hand54/58€1,878€586▼
Equity and liabilities
Total equity and liabilities10/49€161,215€152,329▼
Equity10/15€150,264€150,838▲
Contributions10/11€63,541€63,541=
Reserves13€92,379€87,298▼
Non-distributable reserves130/1€61,973€61,973=
Own shares acquired1312€61,973€61,973=
Distributable reserves133€30,406€25,324▼
Profit (loss) carried forward14-€5,656-
Amounts payable17/49€10,952€1,491▼
Amounts payable within one year42/48€10,952€1,491▼
Trade debts44€57-
Suppliers440/4€57-
Other amounts payable47/48€10,895€1,491▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,651€3,735▼
Other operating charges640/8€2,251€2,444▲
Gross operating margin9900€6,990€6,761▼
Operating profit (loss)9901€89€583▲
Financial income75/76B€50€129▲
Recurring financial income75€50€129▲
Financial charges65/66B€131€137▲
Recurring financial charges65€131€137▲
Profit (loss) for the period before taxes9903€7€575▲
Profit (loss) for the period9904€7€575▲
Profit (loss) for the period to be appropriated9905€7€575▲
Appropriation of the result
Profit (loss) to be appropriated9906-€5,656-€5,082▲
Profit (loss) brought forward from the previous period14P-€5,663-€5,656▲
Transfer from equity791/2-€5,082

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,106€7,506€7,670€4,651€3,735▼ 19.7%
Other operating charges640/8€2,078€2,099€2,266€2,251€2,444▲ 8.6%
Gross operating margin9900€6,366€26,940€6,572€6,990€6,761▼ 3.3%
Operating profit (loss)9901-€1,819€17,335-€3,364€89€583▲ 557%
Financial income75/76B€13,017--€50€129▲ 159%
Recurring financial income75€13,017--€50€129▲ 159%
Financial charges65/66B€350€122€120€131€137▲ 4.1%
Recurring financial charges65€350€122€120€131€137▲ 4.1%
Profit (loss) for the period before taxes9903€10,848€17,213-€3,484€7€575▲ 7,783%
Income taxes67/77€4,866€4,701€2,180---
Profit (loss) for the period9904€5,982€12,513-€5,663€7€575▲ 7,783%
Profit (loss) for the period to be appropriated9905€5,982€12,513-€5,663€7€575▲ 7,783%
Line20212022202320242025Change
Assets
Total assets20/58€555,814€209,954€169,899€161,215€152,329▼ 5.5%
Fixed assets21/28€103,305€95,799€90,985€86,335€82,600▼ 4.3%
Tangible fixed assets22/27€103,305€95,799€90,985€86,335€82,600▼ 4.3%
Land and buildings22€103,305€95,799€90,532€85,992€82,369▼ 4.2%
Plant, machinery and equipment23--€454€342€231▼ 32.5%
Current assets29/58€452,510€114,156€78,914€74,880€69,729▼ 6.9%
Amounts receivable within one year40/41€336,053-----
Other amounts receivable41€336,053-----
Current investments50/53€93,776€93,758€74,973€73,002€69,144▼ 5.3%
Cash at bank and in hand54/58€22,681€20,398€3,941€1,878€586▼ 68.8%
Equity and liabilities
Total equity and liabilities10/49€555,814€209,954€169,899€161,215€152,329▼ 5.5%
Equity10/15€552,432€155,920€150,256€150,264€150,838▲ 0.4%
Contributions10/11€409,024€63,541€63,541€63,541€63,541=
Capital10€409,024-----
Issued capital100€409,024-----
Reserves13€143,407€92,379€92,379€92,379€87,298▼ 5.5%
Non-distributable reserves130/1€61,973€61,973€61,973€61,973€61,973=
Own shares acquired1312€61,973€61,973€61,973€61,973€61,973=
Distributable reserves133€81,434€30,406€30,406€30,406€25,324▼ 16.7%
Profit (loss) carried forward14---€5,663-€5,656--
Amounts payable17/49€3,382€54,035€19,643€10,952€1,491▼ 86.4%
Amounts payable within one year42/48€3,382€54,035€19,643€10,952€1,491▼ 86.4%
Trade debts44€7-€40€57--
Suppliers440/4€7-€40€57--
Taxes, remuneration and social security45€2,949€24,532----
Taxes450/3€2,949€24,532----
Other amounts payable47/48€427€29,503€19,602€10,895€1,491▼ 86.3%
Line20212022202320242025Change
Profit (loss) for the period9904€5,982€12,513-€5,663€7€575▲ 7,783%
+ Depreciation and write-downs630€6,106€7,506€7,670€4,651€3,735▼ 19.7%
Operating cash flow (approximation)€12,088€20,018€2,007€4,658€4,310▼ 7.5%
Investment in fixed assets (approximation)-€0-€2,857€0€0-
Change in cash--€2,282-€16,458-€2,062-€1,293▲ 37.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
20-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Liquidity times 7current ratio 46.78
Current ratio from 6.84 to 46.78; short-term debt falls from €10,952 to €1,491.
23-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Back to profitnet €7
Net result €7 after one loss-making year.
24-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
26-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial Back to profitnet €334,283
Net result €334,283 after 2 loss-making years.
31-12
Financial Equity above €500,000Eq €546,450 ▲158%
Equity rises from €212,167 to €546,450.
25-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial Weakest financial yearnet -€10,732
Net result drops to -€10,732, the lowest in the series; recovery starts the following year.
Show earlier events
12-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
10-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
14-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Zele · 1 establishment unit since 1991
seat establishment The establishment unit on the map
Ground area
377 m²
Building footprint
292 m²
Volume, LiDAR
1,457 m³
Parcel 42402F0384/00R000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NIELAN NV
Driesstraat 33, 9240 ZeleNACE 70201
since 19912.052.598.687
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42402F0384/00R000 Flanders 377 m² 1 · 292 m² 9.6 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.

Company details

Identification
Legal formPrivate limited company
Founded10-10-1990
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.