NIEMAR
ActiveNIEMAR has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54k and a net result of €60. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 22% of 9167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69=
Solvency29▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.87 in 2024; short-term debt: 95.2% and cash: 0.4% of total assets), and 95.6% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
4.4%
Return on assets
0%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9167 sector peers (2025).
NBB · sector comparisonPosition among 9167 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 29-06-2025 was due by 29-01-2026 and was filed on 21-10-2025, 100 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
100 d early
2024
126 d early
2023
122 d early
2022
117 d early
2020
9 d early
2019
23 d early
2018
24 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 29-06-2026 and is due by 29-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
29-06-2026 close21-09-2026 today29-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€54k▲ 0.1%
2024 · €54k
2019: €53k
2020: €54k
2022: €54k
2023: €54k
2024: €54k
2019 → 2025
Total assets
€1.24M▲ 49.7%
2024 · €826k
2019: €508k
2020: €516k
2022: €424k
2023: €456k
2024: €826k
2019 → 2025
Net result
€60▼ 83.9%
2024 · €372
2019: €2k
2020: €331
2022: €99
2023: €122
2024: €372
2019 → 2025
Working capital
€-104k▼ 6.8%
2024 · €-97k
2019: €-85k
2020: €-79k
2022: €-85k
2023: €-91k
2024: €-97k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€54k-€54k▲ 0.2%€54k▲ 0.2%€54k▲ 0.7%€54k▲ 0.1%
Operating result€3k-€6k▲ 115%€7k▲ 23.1%€2k▼ 77.2%€835▼ 47.4%
Net result€331-€99▼ 70.1%€122▲ 23.2%€372▲ 205%€60▼ 83.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 47% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.24M
Fixed assets
€163k▼ 7.7%
Current assets
€1.07M▲ 65.3%
Equity and liabilities €1.24M
Equity
€54k▲ 0.1%
Debt
€1.18M▲ 53.2%
The debt ratio rises from 93.4% to 95.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14k▼
2024 · €15k
Cash flow
€14k▼
2024 · €14k
Solvency
4.4%▼
2024 · 6.6%
Current ratio
0.91▲
2024 · 0.87
Quick ratio
0.23▼
2024 · 0.34
Debt / equity
21.74▲
2024 · 14.21
ROE
0.1%▼
2024 · 0.7%
ROA
0.0%▼
2024 · 0.0%
Interest coverage
23.86▲
2024 · 16.25
Debt
€1.18M▲
2024 · €771k
Debt ≤ 1 year
€1.18M▲
2024 · €746k
Debt > 1 year
€5k▼
2024 · €25k
Income taxes
€171▼
2024 · €282
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€826k€1.24M▲
Fixed assets21/28€177k€163k▼
Tangible fixed assets22/27€177k€163k▼
Land and buildings22€174k€162k▼
Plant, machinery and equipment23€3k€1k▼
Current assets29/58€649k€1.07M▲
Stocks and contracts in progress3€398k€801k▲
Stocks30/36€398k€801k▲
Amounts receivable within one year40/41€249k€266k▲
Trade receivables40€201k€239k▲
Other amounts receivable41€48k€27k▼
Cash at bank and in hand54/58€2k€6k▲
Equity and liabilities
Total equity and liabilities10/49€826k€1.24M▲
Equity10/15€54k€54k▲
Contributions10/11€20k€20k=
Outside capital11€20k€20k=
Share premium1100/10€20k€20k=
Reserves13€34k€34k▲
Distributable reserves133€34k€34k▲
Amounts payable17/49€771k€1.18M▲
Amounts payable after more than one year17€25k€5k▼
Financial debts170/4€25k€5k▼
Amounts payable within one year42/48€746k€1.18M▲
Current portion of amounts payable after more than one year42€20k€20k▲
Financial debts43€308k€660k▲
Credit institutions430/8€308k€660k▲
Trade debts44€25k€28k▲
Suppliers440/4€25k€28k▲
Taxes, remuneration and social security45€24k€4k▼
Taxes450/3€24k€4k▼
Other amounts payable47/48€369k€464k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€17k€16k▼
Operating profit (loss)9901€2k€835▼
Financial charges65/66B€933€604▼
Recurring financial charges65€933€604▼
Profit (loss) for the period before taxes9903€654€231▼
Income taxes67/77€282€171▼
Profit (loss) for the period9904€372€60▼
Profit (loss) for the period to be appropriated9905€372€60▼
Appropriation of the result
Profit (loss) to be appropriated9906€372€60▼
Transfer to equity691/2€372€60▼
To other reserves6921€372€60▼
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
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
29-06
Financial
Weakest financial yearnet €60 ▼83.9%
Net result drops to €60, the lowest in the series.
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
20-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Gillis-Waas · 1 establishment unit since 2015
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.
Hoogeindeken(GW) 79170 Sint-Gillis-WaasGround area
7,191 m²
Building footprint
1,986 m²
Volume, LiDAR
13,708 m³
Parcel 46020E0545/00F003, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NIEMAR
since 20152.243.264.065
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46020E0545/00F003 | Flanders | 7,191 m² | 1 · 1,986 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LOHU
BE 0802.899.286
Oudenburg · Eq €54k
ELAWAN ENERGY GLABAIS
BE 1024.445.110
Namur · Eq €54k
W115 Leasehold
BE 1015.716.001
Elsene · Eq €54k
ALU-NORDIK
BE 0880.215.711
Fleurus · Eq €54k
INDUSTRIE BOUVY
BE 0738.825.343
Fernelmont · Eq €54k
Of 1,292 companies in sector 68122 we hold annual accounts for 901. 477 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-06-2015
Fiscal year end29-06
Activities, NACEBEL
68122Development of non-residential building projects
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@aaboekhoudkantoor.be
Phone:037765351
Fax:037765350