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NIHAT

Active
Private limited company (pre-2019)founded 199432 years activeHerfststraat 20, 9000 Gent, BelgiumKBO/BCE: BE 0453.412.246
Summary

NIHAT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €121,440 and a net result of -€3,054. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Activity not known1 site
Size
€253,112total assets 2024
Equity
€121,440
Loss
-€3,054
Turnover not published (abridged schema)
Financial health
84 Excellent Checked score 2024
Bankruptcy probability, 12 months
0.4%
Structure
Accounts 68 days overdue0 of 4 deeds read
Why 84- Figures for FY 2024 (filed 30-08-2025)- No main activity registered+ Size: total assets €253,112+ Liquidity: current ratio 5.12, cash €216,939Show the evidence

Checked score

Score 2024
84 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 47% of its sector peers (no NACE code, micro)
Financial strength · tick = 2023
Strong
Solvency 73-1
equity 48.0% of total assets
Liquidity 94-1
short-term debt 19.0% · cash 85.7%
Profitability 34+1
return on assets -1.2%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: < 0.1%▼ -0.2 percentage points vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.2%▲ +0.1 percentage points vs 08-2026 10-2026: 0.4%▲ +0.2 percentage points vs 09-2026highest value
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 5.12 against 5.33 in 2023; short-term debt: 19% and cash: 85.7% of total assets), but 52% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 43% on solvency, 85% on liquidity, 24% on profitability and 36% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 30-08-2025)
NBB · annual accounts
lowers risk · Size: total assets €253,112
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 5.12, cash €216,939
NBB · annual accounts
raises risk · No main activity registered
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€3,054
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
30 days late
2023
13 days early
2022
34 days early
2021
56 days early
2020
13 days late
2019
37 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 4 days before 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 (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Annual accounts filedfiscal year 2022 · micro…

Financials · fiscal year 2024, micro schema

Equity
€121,440▼ 2.5%
2023 · €124,494
Total assets
€253,112▼ 1.2%
2023 · €256,300
Net result
-€3,054▲ 39.3%
2023 · -€5,033
Working capital
€197,637▼ 5.1%
2023 · €208,192
Trend over the years

2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years

The operating result stays negative: a loss of €2,893 in 2024 against €4,865 in 2023; the loss shrinks.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result-€2,893 2024 Net result-€3,054 2024

Point at or tap 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
Line2018201920202021202220232024
Operating result-€5,205-€10,973€6,961▼ 36.6%-€8,347€321,286-€4,865-€2,893▲ 40.5%
Net result-€19,806--€3,054▲ 84.6%-€11,388▼ 273%-€24,024▼ 111%€204,439-€5,033-€3,054▲ 39.3%
Equity-€36,446--€39,500▼ 8.4%-€50,888▼ 28.8%-€74,912▼ 47.2%€129,528€124,494▼ 3.9%€121,440▼ 2.5%
Total assets€448,834-€431,788▼ 3.8%€398,171▼ 7.8%€371,998▼ 6.6%€286,528▼ 23.0%€256,300▼ 10.5%€253,112▼ 1.2%
Debt€485,280-€471,288▼ 2.9%€449,059▼ 4.7%€446,910▼ 0.5%€73,303▼ 83.6%€48,109▼ 34.4%€47,974▼ 0.3%
Working capital-€150,516--€142,848▲ 5.1%-€52,233▲ 63.4%-€67,739▼ 29.7%€213,225€208,192▼ 2.4%€197,637▼ 5.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €253,112
Fixed assets €7,500
Current assets €245,612
Equity and liabilities €253,112
Equity €121,440 ▼ 2.5%
Provisions €83,697 =
Debt €47,974 ▼ 0.3%
Debt's share of the balance-sheet total rises from 18.8% to 19.0%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
Current ratio
5.12▼
2023 · 5.33
Debt to equity
0.40▲
2023 · 0.39
ROE
-2.5%▲
2023 · -4.0%
ROA
-1.2%▲
2023 · -2.0%
Debt ≤ 1 year
€47,974▼
2023 · €48,109
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,471 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 12,322 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 · 2024 against 2023 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€256,300€253,112▼
Fixed assets21/28-€7,500
Financial fixed assets28-€7,500
Current assets29/58€256,300€245,612▼
Amounts receivable within one year40/41-€28,673
Other amounts receivable41-€28,673
Cash at bank and in hand54/58€256,300€216,939▼
Equity and liabilities
Total equity and liabilities10/49€256,300€253,112▼
Equity10/15€124,494€121,440▼
Contributions10/11€18,600€18,600=
Reserves13€252,952€252,952=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Tax-exempt reserves132€251,092€251,092=
Profit (loss) carried forward14-€147,057-€150,112▼
Provisions and deferred taxes16€83,697€83,697=
Deferred taxes168€83,697€83,697=
Amounts payable17/49€48,109€47,974▼
Amounts payable within one year42/48€48,109€47,974▼
Trade debts44€266€0▼
Suppliers440/4€266€0▼
Other amounts payable47/48€47,843€47,974▲
Income statement Code20232024
Other operating charges640/8€648€528▼
Gross operating margin9900-€4,217-€2,365▲
Operating profit (loss)9901-€4,865-€2,893▲
Financial charges65/66B€168€161▼
Recurring financial charges65€168€161▼
Profit (loss) for the period before taxes9903-€5,033-€3,054▲
Profit (loss) for the period9904-€5,033-€3,054▲
Profit (loss) for the period to be appropriated9905-€5,033-€3,054▲
Appropriation of the result
Profit (loss) to be appropriated9906-€147,057-€150,112▼
Profit (loss) brought forward from the previous period14P-€142,024-€147,057▼

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

Line2018201920202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,326€25,326€25,326€25,326----
Other operating charges640/8---€6,071€27,394€648€528▼ 18.5%
Gross operating margin9900€35,814€41,864€38,208€23,050€348,680-€4,217-€2,365▲ 43.9%
Operating profit (loss)9901-€5,205€10,973€6,961-€8,347€321,286-€4,865-€2,893▲ 40.5%
Financial charges65/66B---€15,676€33,150€168€161▼ 4.3%
Recurring financial charges65€14,600€14,028€18,350€15,676€33,150€168€161▼ 4.3%
Profit (loss) for the period before taxes9903-€19,806-€3,054-€11,388-€24,024€288,136-€5,033-€3,054▲ 39.3%
Transfer to deferred taxes680----€83,697---
Profit (loss) for the period9904-€19,806-€3,054-€11,388-€24,024€204,439-€5,033-€3,054▲ 39.3%
Transfer to tax-exempt reserves689----€251,092---
Profit (loss) for the period to be appropriated9905-€19,806-€3,054-€11,388-€24,024-€46,653-€5,033-€3,054▲ 39.3%
Line2018201920202021202220232024Change
Assets
Total assets20/58€448,834€431,788€398,171€371,998€286,528€256,300€253,112▼ 1.2%
Fixed assets21/28€443,371€418,045€392,718€367,392--€7,500-
Tangible fixed assets22/27€443,371€418,045€392,718€367,392----
Land and buildings22---€367,392----
Financial fixed assets28------€7,500-
Current assets29/58€5,463€13,743€5,453€4,607€286,528€256,300€245,612▼ 4.2%
Amounts receivable within one year40/41------€28,673-
Other amounts receivable41------€28,673-
Cash at bank and in hand54/58€4,080€12,291€2,267€3,035€286,528€256,300€216,939▼ 15.4%
Deferred charges and accrued income490/1---€1,572----
Equity and liabilities
Total equity and liabilities10/49€448,834€431,788€398,171€371,998€286,528€256,300€253,112▼ 1.2%
Equity10/15-€36,446-€39,500-€50,888-€74,912€129,528€124,494€121,440▼ 2.5%
Contributions10/11€18,600€18,600-€18,600€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€252,952€252,952€252,952=
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=
Tax-exempt reserves132----€251,092€251,092€251,092=
Profit (loss) carried forward14-€56,906-€59,960-€71,348-€95,372-€142,024-€147,057-€150,112▼ 2.1%
Provisions and deferred taxes16----€83,697€83,697€83,697=
Deferred taxes168----€83,697€83,697€83,697=
Amounts payable17/49€485,280€471,288€449,059€446,910€73,303€48,109€47,974▼ 0.3%
Amounts payable after more than one year17€329,301€314,697€391,373€374,564----
Financial debts170/4---€374,564----
Amounts payable within one year42/48€155,979€156,591€57,687€72,346€73,303€48,109€47,974▼ 0.3%
Current portion of amounts payable after more than one year42---€20,661----
Trade debts44€221€228€830€8,576€16,229€266€0▼ 100%
Suppliers440/4---€8,576€16,229€266€0▼ 100%
Other amounts payable47/48---€43,109€57,074€47,843€47,974▲ 0.3%
Line2018201920202021202220232024Change
Profit (loss) for the period9904-€19,806-€3,054-€11,388-€24,024€204,439-€5,033-€3,054▲ 39.3%
+ Depreciation and write-downs630€25,326€25,326€25,326€25,326----
Operating cash flow (approximation)€5,521€22,272€13,938€1,303€204,439-€5,033-€3,054▲ 39.3%
Investment in fixed assets (approximation)-€0€0€0----
Change in cash-€8,211-€10,024€768€283,493-€30,227-€39,361▼ 30.2%

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

Download as CSV

Directors

Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

NIHAT was incorporated on 9 September 1994.1 Total assets fell from €448,834 in 2018 to €253,112 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

Acts, filings and financial milestones

2025
30-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
18-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €204,439
Net result €204,439 after 4 loss-making years.
31-12
Financial Liquidity times 61current ratio 3.91
Current ratio from 0.06 to 3.91.
31-12
Financial Equity above €100,000Eq €129,528
Equity rises from -€74,912 to €129,528.
05-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Weakest financial yearnet -€24,024
Net result drops to -€24,024, the lowest in the series; recovery starts the following year.
13-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
06-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 37 days late
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
26-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
23-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded09-09-1994
Fiscal year end31-12
Contact
E-mail nihat.yildirim@hotmail.comGent
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.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 7 October 2026 · Peppol Directory

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

Sites & property

Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1994
seat establishment The establishment unit on the map
Ground area
222 m²
Building footprint
149 m²
Volume, LiDAR
1,155 m³
2 parcels, Flanders · tallest building 14.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NIHAT BVBA
Herfststraat 9, 9000 GentNACE 70204
since 1994unit no. 2.069.570.521
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44808H0249/00M002 Flanders 115 m² 1 · 72 m² 12.7 m · 3 fl.
44808H0249/00E006 Flanders 107 m² 1 · 77 m² 14.5 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.