NIHAL
ActiveSummary
NIHAL has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €85,079 and a net result of €8,209. Equity is growing by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 88% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 3.97 against 8.17 in 2023; short-term debt: 20% and cash: 15.5% of total assets), and 20% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
55 d early
2022
52 d early
2021
53 d early
2020
31 d early
2019
17 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 35 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€85,079▲ 10.7%
2023 · €76,870
Total assets
€106,300▲ 21.5%
2023 · €87,459
Net result
€8,209▲ 48.3%
2023 · €5,536
Working capital
€63,089▼ 16.9%
2023 · €75,883
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result€8,953▲ 38.5%€12,942▲ 44.6%€38,945▲ 201%€7,495▼ 80.8%€10,308▲ 37.5%
Net result€6,931within the sector's middle half▲ 66.1%€9,725within the sector's middle half▲ 40.3%€28,184above the sector's middle half▲ 190%€5,536within the sector's middle half▼ 80.4%€8,209within the sector's middle half▲ 48.3%
Equity€33,424within the sector's middle half▲ 26.2%€43,150within the sector's middle half▲ 29.1%€71,334within the sector's middle half▲ 65.3%€76,870within the sector's middle half▲ 7.8%€85,079within the sector's middle half▲ 10.7%
Total assets€50,706below the sector's middle half▲ 21.3%€54,817below the sector's middle half▲ 8.1%€86,740within the sector's middle half▲ 58.2%€87,459within the sector's middle half▲ 0.8%€106,300within the sector's middle half▲ 21.5%
Debt€17,281▲ 12.8%€11,667▼ 32.5%€15,406▲ 32.0%€10,590▼ 31.3%€21,222▲ 100%
Working capital€31,730within the sector's middle half▲ 36.6%€40,803within the sector's middle half▲ 28.6%€70,047within the sector's middle half▲ 71.7%€75,883within the sector's middle half▲ 8.3%€63,089within the sector's middle half▼ 16.9%
Solvency65.9%above the sector's middle half▲ 2.6pp78.7%above the sector's middle half▲ 12.8pp82.2%above the sector's middle half▲ 3.5pp87.9%above the sector's middle half▲ 5.7pp80.0%above the sector's middle half▼ 7.9pp
Current ratio2.84above the sector's middle half▼ 0.134.50above the sector's middle half▲ 1.665.55above the sector's middle half▲ 1.058.17above the sector's middle half▲ 2.623.97above the sector's middle half▼ 4.19
Return on assets (ROA)13.7%within the sector's middle half▲ 3.7pp17.7%above the sector's middle half▲ 4.1pp32.5%above the sector's middle half▲ 14.8pp6.3%within the sector's middle half▼ 26.2pp7.7%within the sector's middle half▲ 1.4pp
Staff (FTE)0.81.1▲ 37.5%0.7▼ 36.4%0.5▼ 28.6%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 recovers in 2024; 2024 is 38% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €106,300
Fixed assets
€21,990 ▲ 2,128%
Current assets
€84,311 ▼ 2.5%
Equity and liabilities €106,300
Equity
€85,079 ▲ 10.7%
Debt
€21,222 ▲ 100%
Debt's share of the balance-sheet total rises from 12.1% to 20.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10,805▲
2023 · €7,795
Cash flow
€8,706▲
2023 · €5,836
Quick ratio
3.70▼
2023 · 7.35
Debt to equity
0.25▲
2023 · 0.14
ROE
9.6%▲
2023 · 7.2%
Interest coverage
248.39▲
2023 · 101.77
Debt ≤ 1 year
€21,222▲
2023 · €10,590
Income taxes
€2,060▲
2023 · €1,882
Staff costs
€6,696▼
2023 · €19,509
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% 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 497,662 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 31,349 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €18,903 | €11,991 | €19,509 | €6,696 | ▼ 65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,077 | €888 | €1,060 | €300 | €497 | ▲ 65.7% |
| Other operating charges640/8 | - | €2,253 | €1,656 | €2,180 | €1,734 | ▼ 20.4% |
| Gross operating margin9900 | €16,598 | €34,986 | €53,653 | €29,483 | €19,235 | ▼ 34.8% |
| Operating profit (loss)9901 | €8,953 | €12,942 | €38,945 | €7,495 | €10,308 | ▲ 37.5% |
| Financial income75/76B | - | €0 | - | - | €5 | - |
| Recurring financial income75 | - | €0 | - | - | €5 | - |
| Financial charges65/66B | - | €292 | €230 | €77 | €44 | ▼ 43.2% |
| Recurring financial charges65 | €407 | €292 | €230 | €77 | €44 | ▼ 43.2% |
| Profit (loss) for the period before taxes9903 | €8,546 | €12,650 | €38,716 | €7,418 | €10,269 | ▲ 38.4% |
| Income taxes67/77 | €1,615 | €2,925 | €10,532 | €1,882 | €2,060 | ▲ 9.5% |
| Profit (loss) for the period9904 | €6,931 | €9,725 | €28,184 | €5,536 | €8,209 | ▲ 48.3% |
| Profit (loss) for the period to be appropriated9905 | €6,931 | €9,725 | €28,184 | €5,536 | €8,209 | ▲ 48.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50,706 | €54,817 | €86,740 | €87,459 | €106,300 | ▲ 21.5% |
| Fixed assets21/28 | €1,694 | €2,347 | €1,287 | €987 | €21,990 | ▲ 2,128% |
| Tangible fixed assets22/27 | €1,520 | €2,132 | €1,072 | €772 | €21,775 | ▲ 2,721% |
| Plant, machinery and equipment23 | - | €2,132 | €1,072 | €772 | €20,406 | ▲ 2,544% |
| Furniture and vehicles24 | - | - | - | - | €1,369 | - |
| Financial fixed assets28 | €174 | €215 | €215 | €215 | €215 | = |
| Current assets29/58 | €49,011 | €52,470 | €85,453 | €86,472 | €84,311 | ▼ 2.5% |
| Stocks and contracts in progress3 | €8,212 | €6,941 | €16,362 | €8,623 | €5,775 | ▼ 33.0% |
| Stocks30/36 | - | €6,941 | €16,362 | €8,623 | €5,775 | ▼ 33.0% |
| Amounts receivable within one year40/41 | €37,380 | €35,968 | €50,704 | €71,747 | €62,044 | ▼ 13.5% |
| Trade receivables40 | - | €2,621 | - | €16,010 | €9,807 | ▼ 38.7% |
| Other amounts receivable41 | - | €33,346 | €50,704 | €55,737 | €52,237 | ▼ 6.3% |
| Cash at bank and in hand54/58 | €3,420 | €9,561 | €18,386 | €6,102 | €16,492 | ▲ 170% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50,706 | €54,817 | €86,740 | €87,459 | €106,300 | ▲ 21.5% |
| Equity10/15 | €33,424 | €43,150 | €71,334 | €76,870 | €85,079 | ▲ 10.7% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €25,364 | €35,090 | €63,274 | €68,810 | €77,019 | ▲ 11.9% |
| Amounts payable17/49 | €17,281 | €11,667 | €15,406 | €10,590 | €21,222 | ▲ 100% |
| Amounts payable within one year42/48 | €17,281 | €11,667 | €15,406 | €10,590 | €21,222 | ▲ 100% |
| Trade debts44 | €8,302 | €5,230 | €1,848 | €2,272 | €12,670 | ▲ 458% |
| Suppliers440/4 | - | €5,230 | €1,848 | €2,272 | €12,670 | ▲ 458% |
| Taxes, remuneration and social security45 | - | €6,437 | €13,559 | €8,317 | €8,551 | ▲ 2.8% |
| Taxes450/3 | - | €6,437 | €13,559 | €1,917 | €4,706 | ▲ 145% |
| Remuneration and social security454/9 | - | - | - | €6,400 | €3,846 | ▼ 39.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,931 | €9,725 | €28,184 | €5,536 | €8,209 | ▲ 48.3% |
| + Depreciation and write-downs630 | €5,077 | €888 | €1,060 | €300 | €497 | ▲ 65.7% |
| Operating cash flow (approximation) | €12,007 | €10,614 | €29,244 | €5,836 | €8,706 | ▲ 49.2% |
| Investment in fixed assets (approximation) | - | -€1,541 | €0 | €0 | -€21,500 | - |
| Change in cash | - | €6,142 | €8,825 | -€12,284 | €10,390 | ▲ 185% |
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
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €28,184 ▲190%
Operating result €38,945, net result €28,184, both a record.
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
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Schaarbeek · 1 establishment unit since 2004
Ground area
157 m²
Building footprint
157 m²
Volume, LiDAR
1,813 m³
Parcel 21908E0262/00E006, Brussels · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NIHAL
since 20042.145.390.075
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21908E0262/00E006 | Brussels | 157 m² | 1 · 157 m² | 16.1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.145.390.075
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Of 2,403 companies in sector 47241 we hold annual accounts for 1,101. 927 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
Founded22-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
47241Retail sale of bread and pastry (bakery outlets)
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0870744551
Also
9925:BE0870744551
Registered
25-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.