NIFREM
ActiveSummary
NIFREM has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141,468 and a net result of -€11,687. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-77
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 20.14 against 5.27 in 2024; short-term debt: 5% and cash: 46.4% of total assets), and 5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
28 d early
2023
33 d early
2022
54 d early
2021
53 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€141,468▼ 7.6%
2024 · €153,154
Total assets
€148,854▼ 21.2%
2024 · €188,933
Net result
-€11,687
2024 · €26,625
Working capital
€141,338▼ 7.5%
2024 · €152,756
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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€164▼ 90.7%€97,714▲ 59,362%€52,564▼ 46.2%€34,850▼ 33.7%-€11,247
Net result-€1,263below the sector's middle half▼ 69.1%€69,737above the sector's middle half€37,030within the sector's middle half▼ 46.9%€26,625within the sector's middle half▼ 28.1%-€11,687below the sector's middle half
Equity€33,481within the sector's middle half▼ 21.8%€101,618within the sector's middle half▲ 204%€136,982within the sector's middle half▲ 34.8%€153,154within the sector's middle half▲ 11.8%€141,468within the sector's middle half▼ 7.6%
Total assets€54,488below the sector's middle half▼ 17.5%€157,252within the sector's middle half▲ 189%€185,596within the sector's middle half▲ 18.0%€188,933within the sector's middle half▲ 1.8%€148,854within the sector's middle half▼ 21.2%
Debt€21,007▼ 9.5%€55,634▲ 165%€48,614▼ 12.6%€35,779▼ 26.4%€7,386▼ 79.4%
Working capital€31,632▼ 23.5%€100,991▲ 219%€136,314▲ 35.0%€152,756▲ 12.1%€141,338▼ 7.5%
Solvency61.4%within the sector's middle half▼ 3.4pp64.6%within the sector's middle half▲ 3.2pp73.8%within the sector's middle half▲ 9.2pp81.1%above the sector's middle half▲ 7.3pp95.0%above the sector's middle half▲ 14.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 turns negative in 2025: a loss of €11,247 after €34,850 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148,854
Fixed assets
€129 ▼ 67.6%
Current assets
€148,725 ▼ 21.1%
Equity and liabilities €148,854
Equity
€141,468 ▼ 7.6%
Debt
€7,386 ▼ 79.4%
Debt's share of the balance-sheet total falls from 18.9% to 5.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€10,978▼
2024 · €35,120
Cash flow
-€11,417▼
2024 · €26,894
Current ratio
20.14▲
2024 · 5.27
Debt to equity
0.05▼
2024 · 0.23
ROE
-8.3%▼
2024 · 17.4%
ROA
-7.9%▼
2024 · 14.1%
Interest coverage
-19.09▼
2024 · 34.39
Debt ≤ 1 year
€7,386▼
2024 · €35,779
Income taxes
€190▼
2024 · €10,579
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 6,915 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 | €960 | €655 | €526 | €269 | €269 | = |
| Other operating charges640/8 | €101 | €102 | €194 | €217 | €520 | ▲ 140% |
| Gross operating margin9900 | €1,226 | €98,471 | €53,285 | €35,337 | -€10,458 | ▼ 130% |
| Operating profit (loss)9901 | €164 | €97,714 | €52,564 | €34,850 | -€11,247 | ▼ 132% |
| Financial income75/76B | - | - | €64 | €3,374 | €326 | ▼ 90.3% |
| Recurring financial income75 | - | - | €64 | €3,374 | €326 | ▼ 90.3% |
| Financial charges65/66B | €731 | €1,193 | €1,332 | €1,021 | €575 | ▼ 43.7% |
| Recurring financial charges65 | €731 | €1,193 | €1,332 | €1,021 | €575 | ▼ 43.7% |
| Profit (loss) for the period before taxes9903 | -€567 | €96,521 | €51,297 | €37,203 | -€11,496 | ▼ 131% |
| Income taxes67/77 | €696 | €26,785 | €14,267 | €10,579 | €190 | ▼ 98.2% |
| Profit (loss) for the period9904 | -€1,263 | €69,737 | €37,030 | €26,625 | -€11,687 | ▼ 144% |
| Profit (loss) for the period to be appropriated9905 | -€1,263 | €69,737 | €37,030 | €26,625 | -€11,687 | ▼ 144% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54,488 | €157,252 | €185,596 | €188,933 | €148,854 | ▼ 21.2% |
| Fixed assets21/28 | €1,849 | €1,194 | €668 | €399 | €129 | ▼ 67.6% |
| Tangible fixed assets22/27 | €1,849 | €1,194 | €668 | €399 | €129 | ▼ 67.6% |
| Plant, machinery and equipment23 | €1,849 | €1,194 | €668 | €399 | €129 | ▼ 67.6% |
| Current assets29/58 | €52,639 | €156,058 | €184,928 | €188,534 | €148,725 | ▼ 21.1% |
| Amounts receivable after more than one year29 | - | €65,000 | €59,500 | €57,125 | €28,125 | ▼ 50.8% |
| Other amounts receivable291 | - | €65,000 | €59,500 | €57,125 | €28,125 | ▼ 50.8% |
| Amounts receivable within one year40/41 | €22,431 | €1,556 | €31,999 | €21,696 | €9,827 | ▼ 54.7% |
| Trade receivables40 | €19,127 | €1,556 | €25,337 | €13,006 | €5,254 | ▼ 59.6% |
| Other amounts receivable41 | €3,304 | - | €6,662 | €8,690 | €4,573 | ▼ 47.4% |
| Current investments50/53 | €12,000 | €24,000 | €36,000 | €41,000 | €41,000 | = |
| Cash at bank and in hand54/58 | €17,612 | €27,781 | €42,456 | €67,179 | €69,065 | ▲ 2.8% |
| Deferred charges and accrued income490/1 | €596 | €37,720 | €14,972 | €1,534 | €707 | ▼ 53.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54,488 | €157,252 | €185,596 | €188,933 | €148,854 | ▼ 21.2% |
| Equity10/15 | €33,481 | €101,618 | €136,982 | €153,154 | €141,468 | ▼ 7.6% |
| Reserves13 | €35,491 | €101,618 | €136,982 | €153,154 | €153,154 | = |
| Distributable reserves133 | €35,491 | €101,618 | €136,982 | €153,154 | €153,154 | = |
| Profit (loss) carried forward14 | -€2,010 | - | - | - | -€11,687 | - |
| Amounts payable17/49 | €21,007 | €55,634 | €48,614 | €35,779 | €7,386 | ▼ 79.4% |
| Amounts payable within one year42/48 | €21,007 | €55,066 | €48,614 | €35,779 | €7,386 | ▼ 79.4% |
| Current portion of amounts payable after more than one year42 | - | €23,005 | €14,868 | €6,473 | €0 | ▼ 100% |
| Trade debts44 | €895 | €895 | €2,178 | €2,531 | €144 | ▼ 94.3% |
| Suppliers440/4 | €895 | €895 | €2,178 | €2,531 | €144 | ▼ 94.3% |
| Taxes, remuneration and social security45 | €12,199 | €21,381 | €19,629 | €12,124 | €3,793 | ▼ 68.7% |
| Taxes450/3 | €12,199 | €21,381 | €19,629 | €12,124 | €3,793 | ▼ 68.7% |
| Other amounts payable47/48 | €7,913 | €9,785 | €11,939 | €14,651 | €3,450 | ▼ 76.5% |
| Accrued charges and deferred income492/3 | - | €568 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,263 | €69,737 | €37,030 | €26,625 | -€11,687 | ▼ 144% |
| + Depreciation and write-downs630 | €960 | €655 | €526 | €269 | €269 | = |
| Operating cash flow (approximation) | -€303 | €70,391 | €37,556 | €26,894 | -€11,417 | ▼ 142% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €10,169 | €14,675 | €24,723 | €1,886 | ▼ 92.4% |
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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€11,687
Net result drops to -€11,687, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 20.14
Current ratio from 5.27 to 20.14; short-term debt falls from €35,779 to €7,386.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €153,154 ▲11.8%
3 profitable years in a row build equity to €153,154.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €69,737
Net result €69,737 after 2 loss-making years.
31-12
Financial
Equity above €100,000Eq €101,618 ▲204%
Equity rises from €33,481 to €101,618.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 333 days late
2017
01-06
State Gazette act
Director resignation · Director appointment
05-05
State Gazette act
Director resignation · Director appointment
2011
07-10
State Gazette act
Board meeting · Director appointment
Permanent representative · Contract confirmation
07-10
State Gazette act
Board meeting · Director appointment
Permanent representative · Ratification
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Mol · 1 establishment unit since 2010
Ground area
1,607 m²
Building footprint
189 m²
Volume, LiDAR
1,401 m³
Parcel 13433E1032/00Y000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NIFREM BVBA
since 20102.184.035.073
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13433E1032/00Y000 | Flanders | 1,606 m² | 1 · 189 m² | 11.9 m · 3 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.
Structure & network
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Cultuursmakers
Shared director
→
DE FEDERATIE SOCIAAL-CULTUREEL WERK EN AMATEURKUNSTEN
Shared director
→
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,518. 2,359 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
Founded30-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821877535
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.