NIKAL DECORS
ActiveSummary
NIKAL DECORS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €298k and a net result of €2k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 47% of 3549 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability33▲+14
Solvency63▲+17
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 2.01 against 1.23 in 2023; short-term debt: 47.5% and cash: 2.1% of total assets), but 62.1% of the assets are financed with debt.
Credit advice for your own amount and term
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 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 filingsDeviation from the deadline
2025
not confirmed
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 →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€933k▼ 26.8%
2023 · €1.27M
2023: €1.27M
2023 → 2024
EBIT margin
0.4%▲ 2.3pp
2023 · -1.9%
2023: -1.9%
2023 → 2024
Net result
€2k▼ 55.1%
2023 · €5k
2018: €45k
2019: €46k
2020: €69k
2021: €73k
2022: €75k
2023: €5k
2018 → 2024
Working capital
€377k▲ 120%
2023 · €171k
2018: €-118k
2019: €-41k
2020: €-73k
2021: €201k
2022: €228k
2023: €171k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.27M€933k▼ 26.8%
Equity€222k-€295k▲ 33.0%€371k▲ 25.5%€296k▼ 20.2%€298k▲ 0.8%
Operating result€69k-€99k▲ 42.8%€71k▼ 27.9%€-25k€3k
Net result€69k-€73k▲ 6.1%€75k▲ 2.9%€5k▼ 93.3%€2k▼ 55.1%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €3k after a loss of €25k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €788k
Fixed assets
€37k ▼ 92.4%
Current assets
€751k ▼ 18.5%
Equity and liabilities €788k
Equity
€298k ▲ 0.8%
Debt
€490k ▼ 55.7%
Debt's share of the balance-sheet total falls from 78.9% to 62.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▲
2023 · €-381
Cash flow
€11k▼
2023 · €29k
Current ratio
2.01▲
2023 · 1.23
Quick ratio
1.92▲
2023 · 1.23
Debt to equity
1.64▼
2023 · 3.74
ROE
0.8%▼
2023 · 1.7%
ROA
0.3%▼
2023 · 0.4%
Interest coverage
2.20▲
2023 · -0.08
Debt ≤ 1 year
€374k▼
2023 · €751k
Debt > 1 year
€115k▼
2023 · €355k
Income taxes
€2k
Staff costs
€13k▼
2023 · €319k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.40M€788k▼
Fixed assets21/28€480k€37k▼
Tangible fixed assets22/27€471k€28k▼
Land and buildings22€445k-
Plant, machinery and equipment23-€4k
Furniture and vehicles24€6k€10k▲
Other tangible fixed assets26€20k€13k▼
Financial fixed assets28€9k€9k=
Current assets29/58€922k€751k▼
Stocks and contracts in progress3-€32k
Stocks30/36-€32k
Amounts receivable within one year40/41€918k€701k▼
Trade receivables40€916k€671k▼
Other amounts receivable41€1k€31k▲
Current investments50/53€103€103=
Cash at bank and in hand54/58€4k€17k▲
Deferred charges and accrued income490/1-€997
Equity and liabilities
Total equity and liabilities10/49€1.40M€788k▼
Equity10/15€296k€298k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€276k€278k▲
Amounts payable17/49€1.11M€490k▼
Amounts payable after more than one year17€355k€115k▼
Financial debts170/4€355k€115k▼
Amounts payable within one year42/48€751k€374k▼
Current portion of amounts payable after more than one year42€9k€0▼
Financial debts43€20k€6k▼
Credit institutions430/8€20k€6k▼
Trade debts44€585k€305k▼
Suppliers440/4€585k€305k▼
Taxes, remuneration and social security45€37k€43k▲
Taxes450/3€29k€41k▲
Remuneration and social security454/9€7k€2k▼
Other amounts payable47/48€100k€20k▼
Income statement
Code20232024
Turnover70€1.27M€933k▼
Non-recurring operating income76A€9k€5k▼
Goods, raw materials, services and sundry goods60/61€920k€845k▼
Remuneration, social security and pensions62€319k€13k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€9k▼
Other operating charges640/8€40k€23k▼
Non-recurring operating charges66A€5k€45k▲
Gross operating margin9900€364k€93k▼
Operating profit (loss)9901€-25k€3k▲
Financial income75/76B€34k€6k▼
Recurring financial income75€34k€6k▼
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€5k€4k▼
Income taxes67/77-€2k
Profit (loss) for the period9904€5k€2k▼
Profit (loss) for the period to be appropriated9905€5k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€276k€278k▲
Profit (loss) brought forward from the previous period14P€271k€276k▲
Social balance
Average headcount (FTE)90876.76.7=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 55 days late
21-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 174 days late
2024
31-12
Financial
Weakest financial yearnet €2k ▼55.1%
Net result drops to €2k, the lowest in the series.
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €75k ▲2.9%
Net result €75k, the highest in the series.
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 109 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 2.55
Current ratio from 0.81 to 2.55; short-term debt falls from €384k to €130k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 161 days late
2020
31-12
Financial
Equity above €200kEq €222k ▲45.1%
3 profitable years in a row build equity to €222k.
2019
31-12
Financial
Equity above €150kEq €153k ▲42.8%
2 profitable years in a row build equity to €153k.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 61 days late
2016
03-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Sint-Agatha-Berchem · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Keizer Karellaan 511 B1082 Sint-Agatha-BerchemGround area
202 m²
Building footprint
146 m²
Volume, LiDAR
1,297 m³
Parcel 21003A0333/00L006, Brussels · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Keizer Karellaan 511, 1082 Sint-Agatha-Berchem
since 19912.052.422.406
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0333/00L006 | Brussels | 202 m² | 1 · 146 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GOEDONS
BE 0807.421.763
Kortenaken · Eq €298,296
NV Renovatie
BE 0697.881.346
Wingene · Eq €297,932
DINA DISTRIBUTION NAMUR
BE 0891.555.308
Braine-le-Château · Eq €297,496
SOLNETTE
BE 0453.455.994
Schaarbeek · Eq €299,127
CLASS
BE 0831.288.218
Brussel · Eq €297,234
Of 7,293 companies in sector 43350 we hold annual accounts for 2,363. 1,599 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-04-1991
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.