NIKKIN
ActiveSummary
NIKKIN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,552 and a net result of €5,292. Equity is shrinking by ~20.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 80% of 7586 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+87
Solvency98▲+24
Growth72▲+40
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.64 against 1.95 in 2024; short-term debt: 27.4% and cash: 1.2% of total assets), and 27.4% 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.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 18-03-2026, 138 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
138 d late
2024
467 d late
2023
on the day
2022
on the day
2021
on the day
2020
on the day
2019
on the day
← 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 86 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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. Usually files around 31 October (4 of the last 5 filed years within 138 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 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 trust this company with building work?Contractor check 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
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
Turnover
€49,055▲ 1,322%
2024 · €3,450
EBIT margin
13.7%▲ 273.7pp
2024 · -260.0%
Net result
€5,292
2024 · -€9,230
Working capital
€19,552▲ 37.1%
2024 · €14,260
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20212022202320242025
Turnover€3,450€49,055▲ 1,322%
Operating result-€13,637▼ 40.9%-€3,761▲ 72.4%€14,289-€8,969€6,741
Net result-€13,741below the sector's middle half▼ 41.7%-€4,263below the sector's middle half▲ 69.0%€14,160within the sector's middle half-€9,230below the sector's middle half€5,292within the sector's middle half
EBIT margin-260.0%13.7%▲ 273.7pp
Equity€88,499within the sector's middle half▼ 13.4%€84,236within the sector's middle half▼ 4.8%€38,396within the sector's middle half▼ 54.4%€14,260within the sector's middle half▼ 62.9%€19,552within the sector's middle half▲ 37.1%
Total assets€88,608within the sector's middle half▼ 15.5%€84,520within the sector's middle half▼ 4.6%€70,733within the sector's middle half▼ 16.3%€29,310below the sector's middle half▼ 58.6%€26,948below the sector's middle half▼ 8.1%
Debt€109▼ 95.9%€285▲ 160%€32,337▲ 11,266%€15,050▼ 53.5%€7,396▼ 50.9%
Working capital€87,163above the sector's middle half▼ 11.0%€83,454above the sector's middle half▼ 4.3%€32,569within the sector's middle half▼ 61.0%€14,260within the sector's middle half▼ 56.2%€19,552within the sector's middle half▲ 37.1%
Solvency99.9%above the sector's middle half▲ 2.4pp99.7%above the sector's middle half▼ 0.2pp54.3%within the sector's middle half▼ 45.4pp48.7%within the sector's middle half▼ 5.6pp72.6%above the sector's middle half▲ 23.9pp
Current ratio2.01within the sector's middle half1.95within the sector's middle half▼ 0.063.64above the sector's middle half▲ 1.70
Return on assets (ROA)-15.5%below the sector's middle half▼ 6.3pp-5.0%below the sector's middle half▲ 10.5pp20.0%above the sector's middle half▲ 25.1pp-31.5%below the sector's middle half▼ 51.5pp19.6%above the sector's middle half▲ 51.1pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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 returns to profit in 2025: €6,741 after a loss of €8,969 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €26,948
Equity
€19,552 ▲ 37.1%
Debt
€7,396 ▼ 50.9%
Debt's share of the balance-sheet total falls from 51.3% to 27.4%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.38▼
2024 · 1.06
ROE
27.1%▲
2024 · -64.7%
Debt ≤ 1 year
€7,396▼
2024 · €15,050
Income taxes
€1,528
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 31,349 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €3,450 | €49,055 | ▲ 1,322% |
| Non-recurring operating income76A | - | - | - | €8,037 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €14,629 | €42,124 | ▲ 188% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,659 | €554 | €832 | €0 | - | - |
| Other operating charges640/8 | - | €439 | €161 | €5,827 | €190 | ▼ 96.7% |
| Gross operating margin9900 | -€8,541 | -€2,768 | €15,282 | -€3,141 | €6,931 | ▲ 321% |
| Operating profit (loss)9901 | -€13,637 | -€3,761 | €14,289 | -€8,969 | €6,741 | ▲ 175% |
| Financial income75/76B | - | €0 | €27 | - | €232 | - |
| Recurring financial income75 | €11 | €0 | €27 | - | €232 | - |
| Financial charges65/66B | - | €453 | €156 | €261 | €154 | ▼ 41.3% |
| Recurring financial charges65 | €115 | €453 | €156 | €261 | €154 | ▼ 41.3% |
| Profit (loss) for the period before taxes9903 | -€13,741 | -€4,214 | €14,160 | -€9,230 | €6,820 | ▲ 174% |
| Income taxes67/77 | - | €49 | - | - | €1,528 | - |
| Profit (loss) for the period9904 | -€13,741 | -€4,263 | €14,160 | -€9,230 | €5,292 | ▲ 157% |
| Profit (loss) for the period to be appropriated9905 | -€13,741 | -€4,263 | €14,160 | -€9,230 | €5,292 | ▲ 157% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €88,608 | €84,520 | €70,733 | €29,310 | €26,948 | ▼ 8.1% |
| Fixed assets21/28 | €1,335 | €782 | €5,827 | - | - | - |
| Tangible fixed assets22/27 | €1,335 | €782 | €5,827 | - | - | - |
| Plant, machinery and equipment23 | - | €570 | €5,740 | - | - | - |
| Furniture and vehicles24 | - | €211 | €87 | - | - | - |
| Current assets29/58 | €87,273 | €83,739 | €64,906 | €29,310 | €26,948 | ▼ 8.1% |
| Amounts receivable within one year40/41 | €32,864 | €34,407 | €2,188 | €29,253 | €26,398 | ▼ 9.8% |
| Trade receivables40 | - | €3,148 | €308 | €9,953 | €9,953 | = |
| Other amounts receivable41 | - | €31,259 | €1,880 | €19,300 | €16,445 | ▼ 14.8% |
| Current investments50/53 | - | - | - | €57 | - | - |
| Cash at bank and in hand54/58 | €53,989 | €49,332 | €62,295 | - | €310 | - |
| Deferred charges and accrued income490/1 | - | - | €424 | - | €240 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €88,608 | €84,520 | €70,733 | €29,310 | €26,948 | ▼ 8.1% |
| Equity10/15 | €88,499 | €84,236 | €38,396 | €14,260 | €19,552 | ▲ 37.1% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €74,239 | €69,976 | €24,136 | €0 | €5,292 | - |
| Amounts payable17/49 | €109 | €285 | €32,337 | €15,050 | €7,396 | ▼ 50.9% |
| Amounts payable within one year42/48 | €109 | €285 | €32,337 | €15,050 | €7,396 | ▼ 50.9% |
| Trade debts44 | - | €236 | €119 | €131 | €1,383 | ▲ 957% |
| Suppliers440/4 | - | €236 | €119 | €131 | €1,383 | ▲ 957% |
| Advances received on contracts in progress46 | - | - | €1,828 | - | - | - |
| Taxes, remuneration and social security45 | - | €49 | €112 | €4,486 | €6,014 | ▲ 34.1% |
| Taxes450/3 | - | €49 | €112 | €4,486 | €6,014 | ▲ 34.1% |
| Other amounts payable47/48 | - | - | €30,277 | €10,434 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,741 | -€4,263 | €14,160 | -€9,230 | €5,292 | ▲ 157% |
| + Depreciation and write-downs630 | €4,659 | €554 | €832 | €0 | - | - |
| Operating cash flow (approximation) | -€9,083 | -€3,709 | €14,992 | -€9,230 | €5,292 | ▲ 157% |
| Investment in fixed assets (approximation) | - | €0 | -€5,878 | - | - | - |
| Change in cash | - | -€4,657 | €12,963 | - | - | - |
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
18-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 138 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 467 days late
2025
31-03
Financial
Back to profitnet €5,292
Net result €5,292 after one loss-making year.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €14,160
Net result €14,160 after 3 loss-making years.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet -€13,741
Net result drops to -€13,741, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity times 21current ratio 798.10
Current ratio from 37.83 to 798.10; short-term debt falls from €2,658 to €109.
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2016
31-10
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Grimbergen · 1 establishment unit since 2006
Ground area
2,061 m²
Building footprint
682 m²
Volume, LiDAR
8,425 m³
2 parcels, Flanders · tallest building 22.0 m, ±5 floors. Linked by address, not a title deed.
200
companies at this address
See who is registered here
1 establishment unit
NIKKIN
since 20062.156.001.479
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0399/00M025 | Flanders | 1,424 m² | 1 · 561 m² | 22.0 m · 5 fl. |
| 24085A0262/00M000 | Flanders | 637 m² | 1 · 121 m² | 6.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
K.J. Rénovation
BE 0782.663.603
Sint-Agatha-Berchem · Eq €19,563
IRLAN
BE 0738.645.496
Hasselt · Eq €19,568
DAG CONSTRUCT
BE 0797.036.033
Ternat · Eq €19,574
ML - PROJECTEN
BE 0664.833.941
Mechelen · Eq €19,523
conPass
BE 0779.702.331
Puurs-Sint-Amands · Eq €19,581
Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 11,487 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 (pre-2019)
Founded31-08-2006
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0883246762
Also
9925:BE0883246762
Registered
29-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.