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NIKAL DECORS

Active
Private limited companyfounded 199135 yrs activeKeizer Karellaan 511 B, 1082 Sint-Agatha-Berchem, BelgiumKBO/BCE: BE 0443.846.462
Summary

NIKAL DECORS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €300,348 and a net result of €2,064. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 9523 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
NIKAL DECORSActiveChecked score 67/100
Risk analysis ReportCompare

Overview

Activity
Other building finishing work
NACE 43350NACE 43390NACE 45450
#10 oldest company in Sint-Agatha-Berchem, Construction sector1 site
Size
€1.0mturnover 2025
Equity
€300,348
Profit
€2,064
Financial health
67 Healthy Checked score 2025
Bankruptcy chance 12 m
0.8%
Structure
Accounts filed 55 d late0 of 12 deeds read
Why 67- Latest accounts 55 days late; 3 of the last 3 late- Sector Specialised construction activities (NACE 43)- Liquidity: current ratio 1.81, cash €10,511+ Founded in 1991Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 33% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 62-1
equity 37.4% of total assets
Liquidity 25-4
short-term debt 53.3% · cash 1.3%
Profitability 56+23
return on assets 0.3%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,515 companies)
Last 24 months 11-2024: 2.8% 12-2024: 3.4%▲ +20.6% vs 11-2024 01-2025: 5.7%▲ +68.1% vs 12-2024 02-2025: 4.6%▼ -19.2% vs 01-2025 03-2025: 4.5%▼ -1.6% vs 02-2025 04-2025: 4.5%● 0.0% vs 03-2025 05-2025: 4.3%▼ -4.3% vs 04-2025 06-2025: 4.1%▼ -5.2% vs 05-2025 07-2025: 4.5%▲ +10.0% vs 06-2025 08-2025: 5.5%▲ +21.0% vs 07-2025 09-2025: 6.2%▲ +13.1% vs 08-2025highest value 10-2025: 0.7%▼ -88.7% vs 09-2025 11-2025: 0.7%● 0.0% vs 10-2025 12-2025: 0.7%● 0.0% vs 11-2025 01-2026: 0.7%● 0.0% vs 12-2025 02-2026: 0.7%▲ +2.4% vs 01-2026 03-2026: 0.7%▲ +1.7% vs 02-2026 04-2026: 0.7%● 0.0% vs 03-2026 05-2026: 0.7%▼ -0.3% vs 04-2026 06-2026: 0.7%▼ -7.0% vs 05-2026lowest value 07-2026: 0.7%▲ +4.7% vs 06-2026 08-2026: 1.1%▲ +56.1% vs 07-2026 09-2026: 1.2%▲ +11.2% vs 08-2026 10-2026: 0.8%▼ -37.4% vs 09-2026
  • Latest accounts 55 days late; 3 of the last 3 late raises the probability
  • Sector Specialised construction activities (NACE 43) raises the probability
  • Founded in 1991 lowers the probability for this profile
  • Liquidity: current ratio 1.81, cash €10,511 raises the probability
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 1.81 against 2.01 in 2024; short-term debt: 53.3% and cash: 1.3% of total assets), but 62.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 40%, liquidity 14%, profitability 27%, growth against the median 50%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Latest accounts 55 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Founded in 1991
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Liquidity: current ratio 1.81, cash €10,511
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
55 d late
2024
55 d late
2023
174 d late
2022
3 d early
2021
109 d late
2020
30 d late
2019
161 d late
← 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 83 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 24 September (4 of the last 5 filed years within 58 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Weakest financial yearnet €2,064 ▼9%
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Positive: Oldest company in Sint-Agatha-Berchem, Construction sectorin the Checked rankings #10 View
  • Positive: 8 profitable years in a rowprofit 2025: €2,064 8 years View
  • Active since 1991founded 08-04-1991 35 years View

By topic

Financials

Fiscal year
2025
Turnover
€1.0m
Profit
€2,064
Solvency
37.4%
Turnover▲ 11.6%
Net result
20232025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 24-09-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 24-09-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other building finishing workNACE 43350
Founded
08-04-1991
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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