NIKAR
ActiveSummary
NIKAR has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €820k and a net result of €13k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 1059 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-10
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 12.82 against 6.33 in 2024; short-term debt: 1.9% and cash: 20.7% of total assets), and 1.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.1%
Return on assets
1.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
58 d early
2023
56 d early
2022
53 d early
2021
27 d early
2020
39 d early
2019
32 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€820k▲ 1.6%
2024 · €806k
2018: €668klowest in 8 years
2019: €694k▲ +3.8% vs 2018
2020: €694k▲ +0.1% vs 2019
2021: €716k▲ +3.2% vs 2020
2022: €723k▲ +0.9% vs 2021
2023: €723k● +0.0% vs 2022
2024: €806k▲ +11.5% vs 2023
2025: €820k▲ +1.6% vs 2024highest in 8 years
2018 → 2025
Total assets
€835k▼ 0.9%
2024 · €843k
2018: €689klowest in 8 years
2019: €712k▲ +3.4% vs 2018
2020: €749k▲ +5.2% vs 2019
2021: €802k▲ +7.0% vs 2020
2022: €1.01M▲ +26.1% vs 2021highest in 8 years
2023: €855k▼ -15.5% vs 2022
2024: €843k▼ -1.5% vs 2023
2025: €835k▼ -0.9% vs 2024
2018 → 2025
Net result
€13k▼ 84.0%
2024 · €83k
2018: €37k
2019: €25k▼ -31.9% vs 2018
2020: €827▼ -96.7% vs 2019
2021: €22k▲ +2565% vs 2020
2022: €7k▼ -69.9% vs 2021
2023: €280▼ -95.8% vs 2022lowest in 8 years
2024: €83k▲ +29528% vs 2023highest in 8 years
2025: €13k▼ -84.0% vs 2024
2018 → 2025
Working capital
€185k▲ 12.3%
2024 · €165k
2018: €155k
2019: €180k▲ +16.3% vs 2018
2020: €170k▼ -6.0% vs 2019
2021: €183k▲ +8.1% vs 2020
2022: €-10k▼ -106% vs 2021lowest in 8 years
2023: €78k▲ +861% vs 2022
2024: €165k▲ +112% vs 2023
2025: €185k▲ +12.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€716k-€723k▲ 0.9%€723k=€806k▲ 11.5%€820k▲ 1.6%
2021: €716klowest in 5 years
2022: €723k▲ +0.9% vs 2021
2023: €723k● +0.0% vs 2022
2024: €806k▲ +11.5% vs 2023
2025: €820k▲ +1.6% vs 2024highest in 5 years
Operating result€34k-€11k▼ 65.9%€19k▲ 64.0%€18k▼ 5.2%€999▼ 94.4%
2021: €34khighest in 5 years
2022: €11k▼ -65.9% vs 2021
2023: €19k▲ +64.0% vs 2022
2024: €18k▼ -5.2% vs 2023
2025: €999▼ -94.4% vs 2024lowest in 5 years
Net result€22k-€7k▼ 69.9%€280▼ 95.8%€83k▲ 29,528%€13k▼ 84.0%
2021: €22k
2022: €7k▼ -69.9% vs 2021
2023: €280▼ -95.8% vs 2022lowest in 5 years
2024: €83k▲ +29528% vs 2023highest in 5 years
2025: €13k▼ -84.0% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 94% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €835k
Fixed assets
€635k ▼ 1.9%
Current assets
€200k ▲ 2.5%
Equity and liabilities €835k
Equity
€820k ▲ 1.6%
Debt
€16k ▼ 57.1%
Debt's share of the balance-sheet total falls from 4.3% to 1.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▼
2024 · €32k
Cash flow
€26k▼
2024 · €97k
Current ratio
12.82▲
2024 · 6.33
Debt to equity
0.02▼
2024 · 0.05
ROE
1.6%▼
2024 · 10.3%
ROA
1.6%▼
2024 · 9.8%
Interest coverage
15.53▼
2024 · 36.95
Debt ≤ 1 year
€16k▼
2024 · €31k
Debt > 1 year
€0▼
2024 · €6k
Income taxes
€3k▼
2024 · €14k
Staff costs
€26k▲
2024 · €26k
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 · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€843k€835k▼
Fixed assets21/28€647k€635k▼
Tangible fixed assets22/27€19k€6k▼
Furniture and vehicles24€19k€6k▼
Financial fixed assets28€628k€628k=
Current assets29/58€196k€200k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€54k€24k▼
Trade receivables40€25k€9k▼
Other amounts receivable41€30k€15k▼
Cash at bank and in hand54/58€138k€173k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€843k€835k▼
Equity10/15€806k€820k▲
Contributions10/11€236k€236k=
Capital10€236k€236k=
Issued capital100€236k€236k=
Reserves13€571k€584k▲
Non-distributable reserves130/1€24k€24k=
Legal reserve130€24k€24k=
Distributable reserves133€547k€561k▲
Amounts payable17/49€36k€16k▼
Amounts payable after more than one year17€6k€0▼
Financial debts170/4€6k€0▼
Amounts payable within one year42/48€31k€16k▼
Current portion of amounts payable after more than one year42€5k€6k▲
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€20k€6k▼
Taxes450/3€18k€3k▼
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€92€0▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€26k€26k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€12k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€59k€41k▼
Operating profit (loss)9901€18k€999▼
Financial income75/76B€80k€16k▼
Recurring financial income75€80k€16k▼
Financial charges65/66B€853€869▲
Recurring financial charges65€853€869▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€97k€16k▼
Income taxes67/77€14k€3k▼
Profit (loss) for the period9904€83k€13k▼
Profit (loss) for the period to be appropriated9905€83k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€83k€13k▼
Transfer to equity691/2€83k€13k▼
To other reserves6921€83k€13k▼
Social balance
Average headcount (FTE)90870.50.5=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €74k | €102k | €10k | €26k | €26k | ▲ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €14k | €14k | €14k | €12k | ▼ 8.6% |
| Other operating charges640/8 | €2k | €2k | €1k | €2k | €1k | ▼ 31.0% |
| Gross operating margin9900 | €118k | €128k | €44k | €59k | €41k | ▼ 30.9% |
| Operating profit (loss)9901 | €34k | €11k | €19k | €18k | €999 | ▼ 94.4% |
| Financial income75/76B | €0 | €1k | €263 | €80k | €16k | ▼ 80.0% |
| Recurring financial income75 | €0 | €1k | €263 | €80k | €16k | ▼ 80.0% |
| Financial charges65/66B | €1k | €1k | €13k | €853 | €869 | ▲ 1.9% |
| Recurring financial charges65 | €1k | €1k | €989 | €853 | €869 | ▲ 1.9% |
| Non-recurring financial charges66B | - | - | €12k | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €32k | €11k | €6k | €97k | €16k | ▼ 83.4% |
| Income taxes67/77 | €10k | €5k | €6k | €14k | €3k | ▼ 79.7% |
| Profit (loss) for the period9904 | €22k | €7k | €280 | €83k | €13k | ▼ 84.0% |
| Profit (loss) for the period to be appropriated9905 | €22k | €7k | €280 | €83k | €13k | ▼ 84.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €802k | €1.01M | €855k | €843k | €835k | ▼ 0.9% |
| Fixed assets21/28 | €571k | €757k | €661k | €647k | €635k | ▼ 1.9% |
| Tangible fixed assets22/27 | €58k | €46k | €32k | €19k | €6k | ▼ 66.5% |
| Furniture and vehicles24 | €58k | €46k | €32k | €19k | €6k | ▼ 66.5% |
| Financial fixed assets28 | €513k | €711k | €628k | €628k | €628k | = |
| Current assets29/58 | €231k | €254k | €194k | €196k | €200k | ▲ 2.5% |
| Amounts receivable after more than one year29 | €25k | €13k | €1k | €0 | - | - |
| Other amounts receivable291 | €25k | €13k | €1k | €0 | - | - |
| Amounts receivable within one year40/41 | €38k | €93k | €70k | €54k | €24k | ▼ 55.5% |
| Trade receivables40 | €26k | €52k | €12k | €25k | €9k | ▼ 64.7% |
| Other amounts receivable41 | €12k | €42k | €57k | €30k | €15k | ▼ 47.9% |
| Cash at bank and in hand54/58 | €164k | €145k | €122k | €138k | €173k | ▲ 25.1% |
| Deferred charges and accrued income490/1 | €3k | €3k | €2k | €3k | €4k | ▲ 10.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €802k | €1.01M | €855k | €843k | €835k | ▼ 0.9% |
| Equity10/15 | €716k | €723k | €723k | €806k | €820k | ▲ 1.6% |
| Contributions10/11 | €236k | €236k | €236k | €236k | €236k | = |
| Capital10 | €236k | €236k | €236k | €236k | €236k | = |
| Issued capital100 | €236k | €236k | €236k | €236k | €236k | = |
| Reserves13 | €481k | €488k | €488k | €571k | €584k | ▲ 2.3% |
| Non-distributable reserves130/1 | €24k | €24k | €24k | €24k | €24k | = |
| Legal reserve130 | €24k | €24k | €24k | €24k | €24k | = |
| Distributable reserves133 | €457k | €464k | €464k | €547k | €561k | ▲ 2.4% |
| Amounts payable17/49 | €86k | €289k | €132k | €36k | €16k | ▼ 57.1% |
| Amounts payable after more than one year17 | €37k | €24k | €11k | €6k | €0 | ▼ 100% |
| Financial debts170/4 | €37k | €24k | €11k | €6k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €47k | €265k | €117k | €31k | €16k | ▼ 49.4% |
| Current portion of amounts payable after more than one year42 | €13k | €13k | €13k | €5k | €6k | ▲ 1.3% |
| Trade debts44 | €2k | €16k | €7k | €5k | €4k | ▼ 20.7% |
| Suppliers440/4 | €2k | €16k | €7k | €5k | €4k | ▼ 20.7% |
| Taxes, remuneration and social security45 | €32k | €37k | €9k | €20k | €6k | ▼ 70.1% |
| Taxes450/3 | €23k | €24k | €7k | €18k | €3k | ▼ 83.4% |
| Remuneration and social security454/9 | €9k | €13k | €2k | €2k | €3k | ▲ 27.6% |
| Other amounts payable47/48 | - | €198k | €88k | €92 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €1k | €88 | €4k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €7k | €280 | €83k | €13k | ▼ 84.0% |
| + Depreciation and write-downs630 | €8k | €14k | €14k | €14k | €12k | ▼ 8.6% |
| Operating cash flow (approximation) | €30k | €20k | €14k | €97k | €26k | ▼ 73.3% |
| Investment in fixed assets (approximation) | - | €-200k | €83k | €0 | €0 | - |
| Change in cash | - | €-19k | €-23k | €16k | €35k | ▲ 117% |
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
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity doublescurrent ratio 12.82
Current ratio from 6.33 to 12.82; short-term debt falls from €31k to €16k.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €83k ▲29,528%
Net result €83k, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 6.33
Current ratio from 1.66 to 6.33; short-term debt falls from €117k to €31k.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €280 ▼95.8%
Net result drops to €280, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Schoten · 1 establishment unit since 1994
Ground area
706 m²
Building footprint
208 m²
Volume, LiDAR
1,085 m³
Parcel 11443C0357/00T000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NIKAR
since 19942.067.446.914
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11443C0357/00T000 | Flanders | 706 m² | 1 · 208 m² | 11.0 m · 2 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.
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Of 7,005 companies in sector 96999 we hold annual accounts for 602. 260 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-06-1994
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.