NIKAN
ActiveSummary
The computed 12-month bankruptcy probability of NIKAN is 3.2% (moderate). The 2025 annual accounts show equity of €107,287 and a net result of €20,877. Equity is growing by ~32.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 13560 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-15
Solvency92▲+17
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 2.11 against 1.48 in 2024; short-term debt: 30.4% and cash: 24% of total assets), and 32.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 01-10-2025, 30 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
30 d early
2024
34 d early
2023
8 d late
2022
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€107,287▲ 18.3%
2024 · €90,696
Total assets
€159,686▼ 12.3%
2024 · €182,141
Net result
€20,877▼ 54.1%
2024 · €45,464
Working capital
€53,993▲ 45.0%
2024 · €37,229
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€52,227-€91,257▲ 74.7%€64,632▼ 29.2%€29,216▼ 54.8%
Net result€42,343above the sector's middle half-€71,457above the sector's middle half▲ 68.8%€45,464above the sector's middle half▼ 36.4%€20,877within the sector's middle half▼ 54.1%
Equity€43,775within the sector's middle half-€45,232within the sector's middle half▲ 3.3%€90,696above the sector's middle half▲ 101%€107,287above the sector's middle half▲ 18.3%
Total assets€159,759within the sector's middle half-€238,610within the sector's middle half▲ 49.4%€182,141within the sector's middle half▼ 23.7%€159,686within the sector's middle half▼ 12.3%
Debt€115,984-€193,378▲ 66.7%€91,445▼ 52.7%€52,398▼ 42.7%
Working capital€1,267-€2,028▲ 60.1%€37,229▲ 1,735%€53,993▲ 45.0%
Solvency27.4%within the sector's middle half-19.0%within the sector's middle half▼ 8.4pp49.8%within the sector's middle half▲ 30.8pp67.2%above the sector's middle half▲ 17.4pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 55% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €159,686
Fixed assets
€57,081 ▼ 15.8%
Current assets
€102,605 ▼ 10.2%
Equity and liabilities €159,686
Equity
€107,287 ▲ 18.3%
Debt
€52,398 ▼ 42.7%
Debt's share of the balance-sheet total falls from 50.2% to 32.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44,120▼
2024 · €78,543
Cash flow
€35,780▼
2024 · €59,374
Current ratio
2.11▲
2024 · 1.48
Debt to equity
0.49▼
2024 · 1.01
ROE
19.5%▼
2024 · 50.1%
ROA
13.1%▼
2024 · 25.0%
Interest coverage
36.56▼
2024 · 43.04
Debt ≤ 1 year
€48,612▼
2024 · €77,084
Debt > 1 year
€3,786▼
2024 · €14,361
Income taxes
€10,232▼
2024 · €22,551
Staff costs
€0▼
2024 · €231
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2,185 | €231 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,164 | €12,717 | €13,910 | €14,903 | ▲ 7.1% |
| Other operating charges640/8 | €821 | €301 | €1,158 | €465 | ▼ 59.8% |
| Non-recurring operating charges66A | €0 | - | - | €10,896 | - |
| Gross operating margin9900 | €65,212 | €106,460 | €79,932 | €55,481 | ▼ 30.6% |
| Operating profit (loss)9901 | €52,227 | €91,257 | €64,632 | €29,216 | ▼ 54.8% |
| Financial income75/76B | €8 | €1,199 | €5,207 | €3,099 | ▼ 40.5% |
| Recurring financial income75 | €8 | €1,199 | €5,207 | €3,099 | ▼ 40.5% |
| Financial charges65/66B | €1,842 | €1,945 | €1,825 | €1,207 | ▼ 33.9% |
| Recurring financial charges65 | €1,842 | €1,945 | €1,825 | €1,207 | ▼ 33.9% |
| Profit (loss) for the period before taxes9903 | €50,393 | €90,510 | €68,015 | €31,109 | ▼ 54.3% |
| Income taxes67/77 | €8,050 | €19,054 | €22,551 | €10,232 | ▼ 54.6% |
| Profit (loss) for the period9904 | €42,343 | €71,457 | €45,464 | €20,877 | ▼ 54.1% |
| Profit (loss) for the period to be appropriated9905 | €42,343 | €71,457 | €45,464 | €20,877 | ▼ 54.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €159,759 | €238,610 | €182,141 | €159,686 | ▼ 12.3% |
| Fixed assets21/28 | €85,220 | €75,972 | €67,828 | €57,081 | ▼ 15.8% |
| Intangible fixed assets21 | €25,625 | €21,875 | €18,125 | €14,375 | ▼ 20.7% |
| Tangible fixed assets22/27 | €59,595 | €54,097 | €49,703 | €42,706 | ▼ 14.1% |
| Plant, machinery and equipment23 | €57,495 | €51,997 | €42,770 | €37,049 | ▼ 13.4% |
| Furniture and vehicles24 | - | - | €4,833 | €3,557 | ▼ 26.4% |
| Other tangible fixed assets26 | €2,100 | €2,100 | €2,100 | €2,100 | = |
| Current assets29/58 | €74,539 | €162,638 | €114,313 | €102,605 | ▼ 10.2% |
| Amounts receivable within one year40/41 | €12,549 | €54,987 | €73,695 | €60,630 | ▼ 17.7% |
| Trade receivables40 | €2,836 | €7,829 | €12,842 | €343 | ▼ 97.3% |
| Other amounts receivable41 | €9,713 | €47,158 | €60,853 | €60,287 | ▼ 0.9% |
| Cash at bank and in hand54/58 | €61,990 | €107,650 | €35,443 | €38,348 | ▲ 8.2% |
| Deferred charges and accrued income490/1 | - | - | €5,175 | €3,627 | ▼ 29.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €159,759 | €238,610 | €182,141 | €159,686 | ▼ 12.3% |
| Equity10/15 | €43,775 | €45,232 | €90,696 | €107,287 | ▲ 18.3% |
| Contributions10/11 | €500 | €500 | €500 | €500 | = |
| Reserves13 | €932 | €2,388 | €90,196 | €106,787 | ▲ 18.4% |
| Distributable reserves133 | €932 | €2,388 | €90,196 | €106,787 | ▲ 18.4% |
| Profit (loss) carried forward14 | €42,343 | €42,343 | €0 | €0 | - |
| Amounts payable17/49 | €115,984 | €193,378 | €91,445 | €52,398 | ▼ 42.7% |
| Amounts payable after more than one year17 | €42,712 | €32,769 | €14,361 | €3,786 | ▼ 73.6% |
| Financial debts170/4 | €42,712 | €32,769 | €14,361 | €3,786 | ▼ 73.6% |
| Amounts payable within one year42/48 | €73,272 | €160,609 | €77,084 | €48,612 | ▼ 36.9% |
| Current portion of amounts payable after more than one year42 | €18,917 | €22,521 | €18,408 | €10,576 | ▼ 42.5% |
| Financial debts43 | - | €1,676 | €1,767 | €2,353 | ▲ 33.1% |
| Credit institutions430/8 | - | €1,676 | €1,767 | €2,353 | ▲ 33.1% |
| Trade debts44 | €31,853 | €43,868 | €25,243 | €18,931 | ▼ 25.0% |
| Suppliers440/4 | €31,853 | €43,868 | €25,243 | €18,931 | ▼ 25.0% |
| Advances received on contracts in progress46 | €208 | €128 | €20 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €9,909 | €43,417 | €31,646 | €16,754 | ▼ 47.1% |
| Taxes450/3 | €9,909 | €43,386 | €29,846 | €15,754 | ▼ 47.2% |
| Remuneration and social security454/9 | - | €30 | €1,800 | €1,000 | ▼ 44.4% |
| Other amounts payable47/48 | €12,385 | €49,000 | €0 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,343 | €71,457 | €45,464 | €20,877 | ▼ 54.1% |
| + Depreciation and write-downs630 | €12,164 | €12,717 | €13,910 | €14,903 | ▲ 7.1% |
| Operating cash flow (approximation) | €54,507 | €84,174 | €59,374 | €35,780 | ▼ 39.7% |
| Investment in fixed assets (approximation) | - | -€3,469 | -€5,766 | -€4,156 | ▲ 27.9% |
| Change in cash | - | €45,661 | -€72,207 | €2,905 | ▲ 104% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €20,877 ▼54.1%
Net result drops to €20,877, the lowest in the series.
31-03
Financial
Equity above €100,000Eq €107,287 ▲18.3%
4 profitable years in a row build equity to €107,287.
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
31-03
Financial
Highest result since 2022net €71,457 ▲68.8%
Operating result €91,257, net result €71,457, both a record.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 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.
Directors · office · real estate
Directors
4 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, Aalter · 1 establishment unit since 2019
Ground area
204 m²
Building footprint
204 m²
Volume, LiDAR
1,686 m³
Parcel 44001B0705/00W000, Flanders · tallest building 22.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Frituur Yvonne
since 20192.285.696.617
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001B0705/00W000 | Flanders | 204 m² | 1 · 204 m² | 22.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAalter2.285.696.617
Similar companies · same sector, comparable size
Bureau G.P. Etudes
BE 0649.495.766
Ecaussinnes · Eq €107,315
LUYS & CHL
BE 0809.706.807
Brussel · Eq €107,252
Watthana Mahasan
BE 0719.768.110
Tervuren · Eq €107,419
EL CENTRO
BE 0440.595.576
Diest · Eq €107,424
CRISPY
BE 0886.607.615
Deinze · Eq €107,117
Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. 7,729 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-01-2019
Fiscal year end31-03
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0719628350
Also
9925:BE0719628350
Registered
27-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.