Equity
€239,867 from €1.8m in 2023
Equity fell by 87% in 2 years.
NIKAFIN
Overview
Lifetime
10 annual accounts with figures on one time axispeak €92,363 (2021)
-€22,464▲ €88,591
lowest -€820,729 (2025)
-€820,729▼ €705,279
peak €1.8m (2023)
€239,867▼ 79.3%
€5,503▲ 637%
Board1 name since 2023
1 directorKETELSLAGERS Karl
Documentsfilings and deeds
09-01-202622 days before the deadline
2025micro format
Gross margin from -€111,055 to -€22,464Loss of €820,729Dividend €100,000Equity from €1.2m to €239,867Debts from €747 to €5,503Cash from €158,181 to €69,426
Key points
from the 2025 annual accountsResult
-€820,729 ▼ 611%
The result fell in 2025 from -€115,450 to -€820,729.
Position in the sector
-€820,729
Lower net result than 95% of companies in financial services. Sector median €32,855 · 9,772 companies.
Financial institution: outside the modelBankruptcy probability: sector outside the model
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal, which does not raise the risk
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-01-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 days early
2024
120 days late
2023
on the day
2022
36 days early
2021
42 days late
2020
on the day
2019
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 15 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (4 of the last 5 accounts filed within 42 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0597983026
Registered office moved within Hasselt
New registered office: Oude Kuringerbaan 113, 3500 Hasselt · Previous registered office: Heidestraat 6B, 3500 Hasselt · Board meeting of 03-08-2023 · Gazette deed
Change of role: KETELSLAGERS Karl, from manager to director
Director discharge: KETELSLAGERS Karl · General meeting of 15-03-2023 · Gazette deed
Incorporation
published on 17-02-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NIKAFIN Hasselt | €245,370 | -€22,464 | 97.8% | - |
| Curago Hasselt | €236,574 | -€35,239 | 31.8% | - |
| DIFIN Hasselt | €183,412 | -€12,168 | 100.0% | - |
| ECO-CONSULT Genk | €323,805 | -€24,997 | 97.9% | - |
| CORVEST Woluwe-Saint-Pierre | €232,042 | -€9,634 | 85.2% | - |
| Numann Kontich | €232,230 | -€4,245 | 59.4% | - |
| Société de participation notariale Sylvie WAUTERS de BESTERFELD Mons | €281,866 | -€12,859 | 47.3% | - |
These companies have the same main activity as NIKAFIN: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €183,000 and €324,000, founded between 2013 and 2015.
Official details
Source: KBO- Status
- Active since 13-02-2015Normal situation
- Activity
- Activities of holding companiesNACE 64210and 2 others
- Establishment unit
- 2.248.803.6563850 Nieuwerkerken (Limb.), since 13-02-2015
- Financial year end
- 30 June
- Peppol
- Reachable since 23-12-2025
Annual accounts to 30-06-2025
- €820,729▲ 611%
- €239,867▼ 79.3%
- €245,370▼ 78.9%
- Filing
- Filed on 09-01-2026, 22 days before the end of the filing period
Insights on NIKAFIN
NIKAFIN files the micro format. That format states no turnover. The gross margin fell from €3,845 in 2016 to -€22,464 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 09-01-2026, 22 days before the deadline€239,867
▼ 79.3%
€245,370
▼ 78.9%
-€820,729
▼ €705,279
97.8%
▼ 2.2 percentage points
-342.2%
▼ 332.2 percentage points
-334.5%
▼ 324.5 percentage points
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €245,370 on 30-06-2025What the company ownsHow it is paid for
in €m
in euro
Position in the sector
97.8%
Higher than 95% of 9,770 companies in 2025.
-334.5%
Lower than 95% of 9,624 companies in 2025.
NIKAFIN
Middle half of the sector
80% of the sector
Micro accounts in financial services (NACE 64)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
245,370 | 1.2m | 1.8m | 322,092 | 825,918 | 91,876 | 52,917 | 18,112 | 52,814 | 19,097 | |
21/28 |
- | - | - | 85,503 | 21,000 | 21,000 | 21,000 | 1,000 | 1,000 | 1,000 | |
28 |
- | - | - | 85,503 | 21,000 | 21,000 | 21,000 | 1,000 | 1,000 | 1,000 | |
29/58 |
245,370 | 1.2m | 1.8m | 236,589 | 804,918 | 70,876 | 31,917 | 17,112 | 51,814 | 18,097 | |
29 |
114,000 | 562,500 | 887,500 | - | - | - | - | - | - | - | |
291 |
114,000 | 562,500 | 887,500 | - | - | - | - | - | - | - | |
40/41 |
61,944 | 440,662 | 663,989 | 149,374 | 241,654 | 64,127 | 26,521 | 15,115 | 42,752 | 9,588 | |
40 |
- | - | - | - | - | 14,150 | 7,744 | 3,872 | 7,260 | 3,388 | |
41 |
61,944 | 440,662 | 663,989 | 149,374 | 241,654 | 49,978 | 18,777 | 11,243 | 35,492 | 6,200 | |
54/58 |
69,426 | 158,181 | 275,016 | 87,215 | 563,264 | 6,749 | 5,396 | 1,998 | 9,062 | 8,509 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
245,370 | 1.2m | 1.8m | 322,092 | 825,918 | 91,876 | 52,917 | 18,112 | 52,814 | 19,097 | |
10/15 |
239,867 | 1.2m | 1.8m | 266,267 | 230,323 | 38,269 | 21,749 | 15,333 | 11,534 | 8,557 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1.2m | 1.3m | 1.8m | 247,667 | 211,723 | 19,669 | 15,549 | 9,133 | 5,334 | 2,357 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
133 |
1.2m | 1.3m | 1.8m | 245,807 | 209,863 | 17,809 | 13,689 | 7,273 | 3,474 | 497 | |
14 |
-936,179 | -115,450 | - | - | - | - | - | - | - | - | |
17/49 |
5,503 | 747 | 25,458 | 55,825 | 595,595 | 53,607 | 31,168 | 2,779 | 41,280 | 10,540 | |
42/48 |
5,503 | 747 | 25,458 | 10,825 | 595,595 | 53,607 | 31,168 | 2,779 | 41,280 | 10,540 | |
44 |
3,183 | 599 | 66 | 231 | 67 | - | 970 | - | 484 | 539 | |
440/4 |
3,183 | 599 | 66 | 231 | 67 | - | 970 | - | 484 | 539 | |
45 |
- | 148 | 25,392 | 10,594 | 39,028 | 3,107 | 2,198 | 2,779 | 3,296 | 1,667 | |
450/3 |
- | 148 | 25,392 | 10,594 | 39,028 | 3,107 | 2,198 | 2,779 | 3,296 | 1,667 | |
47/48 |
2,320 | - | - | - | 556,500 | 50,500 | 28,000 | - | 37,500 | 8,334 | |
492/3 |
- | - | - | 45,000 | - | - | - | - | - | - | |
| Income statement | |||||||||||
9900 |
-22,464 | -111,055 | 71,149 | 67,995 | 92,363 | 4,022 | 4,846 | 4,731 | 3,975 | 3,845 | |
640/8 |
2,715 | 1,022 | 410 | 410 | 62 | 454 | 410 | 472 | - | 354 | |
66A |
795,000 | - | - | - | - | - | - | - | - | - | |
9901 |
-820,179 | -112,077 | 70,739 | 67,585 | 92,301 | 3,568 | 4,436 | 4,260 | 3,975 | 3,491 | |
75/76B |
0 | - | 1.7m | 7,076 | 746,873 | 2,892 | 26,284 | 1,965 | 39,347 | 2 | |
75 |
- | - | - | 7,076 | 746,873 | 2,892 | 26,284 | 1,965 | 39,347 | 2 | |
76B |
0 | - | 1.7m | - | - | - | - | - | - | - | |
65/66B |
120 | 3,373 | 153 | 1,187 | 87 | 188 | 129 | 494 | 99 | 0 | |
65 |
- | 3,373 | 153 | 1,187 | 87 | 188 | 129 | 494 | 99 | 0 | |
66B |
120 | - | - | - | - | - | - | - | - | - | |
9903 |
-820,299 | -115,450 | 1.8m | 73,474 | 839,087 | 6,271 | 30,592 | 5,731 | 43,223 | 3,493 | |
67/77 |
431 | - | 19,460 | 19,853 | 26,444 | 2,152 | 1,176 | 1,931 | 2,747 | 1,136 | |
9904 |
-820,729 | -115,450 | 1.8m | 53,622 | 812,643 | 4,119 | 29,416 | 3,799 | 40,476 | 2,357 | |
9905 |
-820,729 | -115,450 | 1.8m | 53,622 | 812,643 | 4,119 | 29,416 | 3,799 | 40,476 | 2,357 | |
| Appropriation of the result | |||||||||||
9906 |
-936,179 | -115,450 | 1.8m | 53,622 | 812,643 | 4,119 | 29,416 | 3,799 | 40,476 | 2,357 | |
14P |
-115,450 | - | - | - | - | - | - | - | - | - | |
791/2 |
100,000 | 525,000 | 245,775 | 17,678 | - | - | - | - | - | - | |
691/2 |
- | - | 1.8m | 53,622 | 192,055 | 4,119 | 6,416 | 3,799 | 2,976 | 2,357 | |
6920 |
- | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | 1.8m | 53,622 | 192,055 | 4,119 | 6,416 | 3,799 | 2,976 | 497 | |
694/7 |
100,000 | 525,000 | 245,775 | 17,678 | 620,588 | - | 23,000 | - | 37,500 | - | |
694 |
100,000 | 525,000 | 245,775 | 17,678 | 620,588 | - | 23,000 | - | 37,500 | - | |
| Document | |||||||||||
The notes to these accounts have 1 item. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 09-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 09-01-2026 | 2026-00008592 | |
| 30-06-2024 | micro format | 31-05-2025 | 2025-00127757 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00026155 | |
| 30-06-2022 | micro format | 26-12-2022 | 2023-20551450 | |
| 30-06-2021 | micro format | 14-03-2022 | 2022-07700071 | |
| 30-06-2020 | micro format | 31-01-2021 | 2021-04800066 | |
| 30-06-2019 | micro format | 29-01-2020 | 2020-02900015 | |
| 30-06-2018 | micro format | 16-05-2019 | 2019-13400497 | |
| 30-06-2017 | micro format | 10-02-2018 | 2018-04800463 | |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-03300340 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | 64,503 | - | - | 20,000 | - | - | 1,000 | ||
| -88,755 | -116,835 | 187,801 | -476,049 | 556,516 | 1,353 | 3,398 | -7,065 | 553 | - | ||
| 97.8% | 99.9% | 98.6% | 82.7% | 27.9% | 41.7% | 41.1% | 84.7% | 21.8% | 44.8% | ||
| -342.2% | -9.9% | 98.9% | 20.1% | 352.8% | 10.8% | 135.3% | 24.8% | 350.9% | 27.5% | ||
| -334.5% | -9.9% | 97.5% | 16.6% | 98.4% | 4.5% | 55.6% | 21.0% | 76.6% | 12.3% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Financial fixed assets | - | - | - | €64,503 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on NIKAFIN
The operating result for 2025 is a loss of €820,179, larger than the loss of €112,077 in 2024. It is the lowest result since 2016.
Debt's share of the balance-sheet total rises from 0.1% to 2.2%. Equity is lower and debt is higher.
Large changes and their cause
- 2023 Net result +3,221% on 2022. The 2023 profit included a one-off income of €1,729,429.
Board & ownership
Board
1 director, last change in 2023Director (not named in the articles)
appointed by deed of 07-04-2023
term without a fixed end
earlier manager, until 07-04-2023
Mandates through the years
1 name, the dashed line is todayKETELSLAGERS Karl
Director (not named in the articles)
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
- KETELSLAGERS Karl
- Director (not named in the articles), appointed by deed of 07-04-2023, still in office
- Manager, until 07-04-2023
Control
Capital
- Contribution
- €18,600
- Shares
- 100
- Contribution per share
- €186
- Equity per share
- €2,399 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 07-04-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 15 December at 18:00
Network & group
No group
NIKAFIN has no parent and no holdings in its annual accounts. KETELSLAGERS Karl is the only director. NIKAFIN shares no director with another company.
Timeline
Timeline
23 events since 2015Board
Filings
Financial
Establishments
Address
201620182020202220242026
Deadline for the 2026 accounts: 31-01-2027
2026
Annual accounts 2025 filed PDFmicro format · 22 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0597983026
Weakest financial year net -€820,729 The net result drops to -€820,729, the lowest from 2016 to 2025.
Annual accounts 2024 filed PDFmicro format · 120 days late
2024
Liquidity more than 21 times current ratio 1555.61 The current ratio rises from 71.75 to 1555.61. Short-term debt falls from €25,458 to €747.
Annual accounts 2023 filed PDFmicro format · on the deadline day
2023
Registered office moved within HasseltNew registered office: Oude Kuringerbaan 113, 3500 Hasselt · Previous registered office: Heidestraat 6B, 3500 Hasselt · Board meeting of 03-08-20232 points ▸
- Board meeting, 03-08-2023
- Registered-office move, Oude Kuringerbaan 113, 3500 Hasselt
Highest result from 2016 to 2025 net €1.8m ▲3,221% The net result of €1.8m is the highest of those years.
Liquidity more than triples current ratio 71.75 The current ratio rises from 21.86 to 71.75.
Equity above €1m equity €1.8m ▲576% With a profit in every financial year since 2016, equity grows to €1.8m.
Change of role: KETELSLAGERS Karl, from manager to directorDirector discharge: KETELSLAGERS Karl · General meeting of 15-03-20237 points ▸
- General meeting, 15-03-2023
- 100 shares
- Director resignation, KETELSLAGERS Karl (manager)
- Director appointment, KETELSLAGERS Karl (director (not named in the articles))
- Director discharge, KETELSLAGERS Karl
- Registered office clause, Heidestraat 6 B, 3500 Hasselt
- Power of attorney, Frank GODDEERIS (instrumenterende notaris)
- The deed holds 3 more points.
2022
Annual accounts 2022 filed PDFmicro format · 36 days before the deadline
Liquidity more than 16 times current ratio 21.86 The current ratio rises from 1.35 to 21.86. Short-term debt falls from €595,595 to €10,825.
Annual accounts 2021 filed PDFmicro format · 42 days late
2021
Equity above €200,000 equity €230,323 ▲502% With a profit in every financial year since 2016, equity grows to €230,323.
Annual accounts 2020 filed PDFmicro format · on the deadline day
2020
Annual accounts 2019 filed PDFmicro format · 2 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 105 days late
2018
Liquidity more than quadruples current ratio 6.16 The current ratio rises from 1.26 to 6.16. Short-term debt falls from €41,280 to €2,779.
Annual accounts 2017 filed PDFmicro format · 10 days late
2017
Annual accounts 2016 filed PDFabbreviated format · on the deadline day
2015
Incorporation PDFpublished on 17-02-2015
First establishment Streekveldstraat 26, Nieuwerkerken (Limb.)
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0597.983.026
- VAT number
- BE 0597.983.026
- Peppol ID
- 0208:0597983026
- Other Peppol ID
- 9925:BE0597983026
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 13-02-2015
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 15 December at 18:00deed of 07-04-2023 (in Dutch)
- Peppol
- Reachable since 23-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- NIKAFIN in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 07-04-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 07-04-2023 (in Dutch)
Activities
NACEBEL 202564210
Activities of holding companies main activity
Codes under NACEBEL 2008
64200
Holdings main activity
70210
Activities of head offices; management consultancy activities
70220
Business consulting
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het waarnemen van bestuursmandaten; Het beheer in de ruimste zin van het woord van onroerende goederen,welke ondermeer omvat: de…”deed of 07-04-2023 (in Dutch)
14 activities
- Het waarnemen van bestuursmandaten.
- Het beheer in de ruimste zin van het woord van onroerende goederen,welke ondermeer omvat: de verwerving,de vervreemding,het beheer,de borgstelling,de uitbating,de valorisatie,de verkaveling,de ordening,de huur en de verhuur het doen bouwen en verbouwen,de prokuratie en het makelen in onroerende goederen,evenals alle welkdanige onroerende verhandelingen in de meest brede zin,met inbegrip van onroerende leasing.
- Het beheren van roerende goederen,meer bepaald van aandelen,obligaties en allerhande roerende waarden,daaronder begrepen,de aankoop,de verkoop,arbitrage van dergelijke waarden.
- Consulting op het gebied van bedrijfsbeheer,management en marketing.
- Het adviseren in financiële,economische,sociale,organisatorische en administratieve zaken,met uitzondering van het beleggingsadvies aan derden.
- Het verrichten van administratieve werkzaamheden,het organiseren van cursussen en vergaderingen.
- Tussenpersoon in de handel.
- De agentuur bij het afsluiten van verzekeringen,hypotheken,financieringen en projectontwikkeling.
- Het beheer,de exploitatie en het verlenen van licenties.
- De participatie onder welke vorm het ook zij,de oprichting,ontwikkeling,omvorming en controle van alle ondernemingen,belgische of buitenlandse,commerciële,financiële,industriële of andere: de verwerving van eender welke titels of rechten door middel van participatie,inbreng,onderschrijving,koop op vaste levering of aankoopoptie,verhandeling of op iedere andere wijze.
- Zij mag alle roerende of onroerende,handels-,nijverheids- en financiële zaken verrichten die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp.Dit alles in de meest uitgebreide betekenis van de termen.
- Zij mag tevens om het even welke gelijkaardige handelingen stellen die van aard zouden zijn,de verwezenlijking van haar voorwerp te vergemakkelijken of uit te breiden.
- Zij mag zich borg stellen voor en waarborgen verlenen ten gunste van derden.
- De vennootschap mag op welke wijze ook betrokken zijn inzake,ondernemingen of vennootschappen die hetzelfde,een soortgelijk,een gelijkaardig of samenhangend voorwerp hebben of die de ontwikkeling van haar onderneming kunnen bevorderen,haar grondstoffen kunnen leveren,of de afzet van haar producten kunnen vergemakkelijken.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Oude Kuringerbaan 113 registered office 3500 Hasselt | ||
| Streekveldstraat 26 3850 Nieuwerkerken (Limb.) | 13-02-2015 | 2.248.803.656 |
Buildings and parcels at the addresses
- Ground area
- 772 m²
- Buildings
- 133 m²
- Volume, LiDAR
- 1,010 m³
- Tallest building
- 12.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71031A0650/00N000 | 602 m² | 1 · 74 m² | 7.4 m · 2 |
| 71327G0646/00S002 | 170 m² | 1 · 59 m² | 12.1 m · 3 |
Contact
E-mail
karlketelslagers@gmail.com establishment in Nieuwerkerken (Limb.)
Phone
+32 495 22 49 24 establishment in Nieuwerkerken (Limb.)