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NiHoCo

Active
Private limited companyfounded 20241 yr activeGraaf de Granvellelaan 45, 2650 Edegem, BelgiumKBO/BCE: BE 1017.256.321
Summary

NiHoCo has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105,300 and a net result of €100,300. Its solvency ranks better than 53% of 38827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Financials · fiscal year 2025, micro schema

Equity
€105,300
Total assets
€179,272
Net result
€100,300
Working capital
€69,598

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €179,272
Fixed assets €35,702
Current assets €143,570
Equity and liabilities €179,272
Equity €105,300
Debt €73,972
Debt finances 41.3% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€151,986
Cash flow
€109,123
Current ratio
1.94
Debt to equity
0.70
ROE
95.3%
ROA
55.9%
Interest coverage
543.90
Debt ≤ 1 year
€73,972
Income taxes
€42,584

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 11,280 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 · 2025 · 36 lines
Balance sheet Code2025
Assets
Total assets20/58€179,272
Fixed assets21/28€35,702
Tangible fixed assets22/27€35,702
Plant, machinery and equipment23€3,145
Furniture and vehicles24€32,557
Current assets29/58€143,570
Amounts receivable within one year40/41€34,545
Trade receivables40€34,079
Other amounts receivable41€467
Cash at bank and in hand54/58€109,025
Equity and liabilities
Total equity and liabilities10/49€179,272
Equity10/15€105,300
Contributions10/11€5,000
Reserves13€100,300
Distributable reserves133€100,300
Amounts payable17/49€73,972
Amounts payable within one year42/48€73,972
Trade debts44€3,904
Suppliers440/4€3,904
Taxes, remuneration and social security45€32,064
Taxes450/3€28,781
Remuneration and social security454/9€3,284
Other amounts payable47/48€38,004
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,823
Other operating charges640/8€881
Gross operating margin9900€152,867
Operating profit (loss)9901€143,163
Financial charges65/66B€279
Recurring financial charges65€279
Profit (loss) for the period before taxes9903€142,883
Income taxes67/77€42,584
Profit (loss) for the period9904€100,300
Profit (loss) for the period to be appropriated9905€100,300
Appropriation of the result
Profit (loss) to be appropriated9906€100,300
Transfer to equity691/2€100,300
To other reserves6921€100,300

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,823
Other operating charges640/8€881
Gross operating margin9900€152,867
Operating profit (loss)9901€143,163
Financial charges65/66B€279
Recurring financial charges65€279
Profit (loss) for the period before taxes9903€142,883
Income taxes67/77€42,584
Profit (loss) for the period9904€100,300
Profit (loss) for the period to be appropriated9905€100,300
Line2025
Assets
Total assets20/58€179,272
Fixed assets21/28€35,702
Tangible fixed assets22/27€35,702
Plant, machinery and equipment23€3,145
Furniture and vehicles24€32,557
Current assets29/58€143,570
Amounts receivable within one year40/41€34,545
Trade receivables40€34,079
Other amounts receivable41€467
Cash at bank and in hand54/58€109,025
Equity and liabilities
Total equity and liabilities10/49€179,272
Equity10/15€105,300
Contributions10/11€5,000
Reserves13€100,300
Distributable reserves133€100,300
Amounts payable17/49€73,972
Amounts payable within one year42/48€73,972
Trade debts44€3,904
Suppliers440/4€3,904
Taxes, remuneration and social security45€32,064
Taxes450/3€28,781
Remuneration and social security454/9€3,284
Other amounts payable47/48€38,004
Line2025
Profit (loss) for the period9904€100,300
+ Depreciation and write-downs630€8,823
Operating cash flow (approximation)€109,123

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

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Of 82,670 companies in this sector we hold annual accounts for 54,217. 41,932 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector