NIEN
ActiveNIEN has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €19k and a net result of €49k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 2091 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+11
Solvency37▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.98 against 0.98 in 2023; short-term debt: 88.1% and cash: 75.1% of total assets), and 88.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
11.9%
Return on assets
30.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
29 d late
2022
18 d late
2021
9 d late
2020
33 d early
2019
6 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€19k=
2023 · €19k
2018: €56k
2019: €89k
2020: €126k
2021: €123k
2022: €141k
2023: €19k
2018 → 2024
Total assets
€162k▼ 42.4%
2023 · €282k
2018: €191k
2019: €214k
2020: €248k
2021: €236k
2022: €251k
2023: €282k
2018 → 2024
Net result
€49k▲ 8.0%
2023 · €46k
2018: €20k
2019: €32k
2020: €38k
2021: €-3k
2022: €18k
2023: €46k
2018 → 2024
Working capital
€-2k▲ 54.2%
2023 · €-5k
2018: €72k
2019: €96k
2020: €112k
2021: €105k
2022: €120k
2023: €-5k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€126k-€123k▼ 2.5%€141k▲ 14.7%€19k▼ 86.3%€19k=
Operating result€47k-€-1k€28k€66k▲ 135%€70k▲ 7.0%
Net result€38k-€-3k€18k€46k▲ 151%€49k▲ 8.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 7% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €162k
Fixed assets
€22k▼ 28.0%
Current assets
€141k▼ 44.2%
Equity and liabilities €162k
Equity
€19k=
Debt
€143k▼ 45.6%
The debt ratio falls from 93.1% to 88.1%. Debt is lower.
Key figures and ratios
EBITDA
€81k▲
2023 · €79k
Cash flow
€60k▲
2023 · €59k
Solvency
11.9%▲
2023 · 6.9%
Current ratio
0.98▲
2023 · 0.98
Quick ratio
0.96▼
2023 · 0.96
Debt / equity
7.38▼
2023 · 13.56
ROE
253.9%▲
2023 · 235.1%
ROA
30.3%▲
2023 · 16.1%
Interest coverage
34.54▲
2023 · 19.94
Debt
€143k▼
2023 · €263k
Debt ≤ 1 year
€143k▼
2023 · €257k
Income taxes
€19k▲
2023 · €17k
Staff costs
€53k▲
2023 · €51k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€282k€162k▼
Formation expenses20€0€0=
Fixed assets21/28€30k€22k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€29k€20k▼
Land and buildings22€11k€11k▲
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€16k€8k▼
Financial fixed assets28€1k€1k▲
Current assets29/58€252k€141k▼
Stocks and contracts in progress3€4k€4k▼
Stocks30/36€4k€4k▼
Amounts receivable within one year40/41€87k€8k▼
Trade receivables40€2k€2k▲
Other amounts receivable41€86k€6k▼
Cash at bank and in hand54/58€155k€122k▼
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€282k€162k▼
Equity10/15€19k€19k=
Contributions10/11€9k€9k=
Reserves13€11k€11k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€9k€9k=
Amounts payable17/49€263k€143k▼
Amounts payable after more than one year17€6k-
Financial debts170/4€6k-
Amounts payable within one year42/48€257k€143k▼
Current portion of amounts payable after more than one year42€8k€6k▼
Trade debts44€62k€67k▲
Suppliers440/4€62k€67k▲
Taxes, remuneration and social security45€20k€22k▲
Taxes450/3€9k€8k▼
Remuneration and social security454/9€12k€13k▲
Other amounts payable47/48€167k€49k▼
Income statement
Code20232024
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€51k€53k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€11k▼
Other operating charges640/8€5k€5k▼
Gross operating margin9900€135k€139k▲
Operating profit (loss)9901€66k€70k▲
Financial income75/76B€1k€205▼
Recurring financial income75€1k€205▼
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€63k€68k▲
Income taxes67/77€17k€19k▲
Profit (loss) for the period9904€46k€49k▲
Profit (loss) for the period to be appropriated9905€46k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€167k€49k▼
Profit (loss) brought forward from the previous period14P€122k-
Profit to be distributed694/7€167k€49k▼
Return on contributions (dividend)694€167k€49k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €49k ▲8%
Operating result €70k, net result €49k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
31-12
Financial
Weakest financial yearnet €-3k ▼108%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €126k ▲42.6%
3 profitable years in a row build equity to €126k.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
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, Aalst · 1 establishment unit since 1985
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.
Nieuwstraat 409300 AalstGround area
92 m²
Building footprint
91 m²
Volume, LiDAR
863 m³
Parcel 41002A0898/00_000, Flanders · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PANOS
since 19852.027.523.890
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002A0898/00_000 | Flanders | 92 m² | 1 · 91 m² | 14.2 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAalst2.027.523.890
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Of 4,227 companies in sector 10712 we hold annual accounts for 1,870. 1,235 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-08-1985
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
15812
47241Retail sale of bread and pastry (bakery outlets)
52240
47252Retail sale of beverages, general range
47279Other retail sale of food
47299Retail trade
52250Logistics services
52272
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.