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Niko

Active
Public limited companyfounded 194284 yrs activeIndustriepark-West 40, 9100 Sint-Niklaas, BelgiumKBO/BCE: BE 0405.045.670
Summary

Niko has been active since 1942 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85.4m and a net result of €25.5m. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 75% of 100 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability92▲+4
Solvency87▲+6
Growth70=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 2.2 against 1.79 in 2024; short-term debt: 33.2% and cash: 0.2% of total assets), and 38.4% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 84 years 0 90 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
61.6%
Return on assets
18.4%
Age of the figures
9 mo
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
53 d early
2024
50 d early
2023
48 d early
2022
55 d early
2021
62 d early
2020
45 d early
2019
44 d early
← 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 51 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% 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.
Companies Code · seven months
Position in the running window
27-09-2026 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

History

Niko was incorporated on 30 July 1942.1 Between 2019 and 2023 the capital was increased 3 times, most recently to EUR 9 million.234 In 2019 the company absorbed NIKIM by merger.3 The board currently has 3 members; Jozef De Backer has served longest, since 2012.5 Revenue grew from EUR 92 million in 2019 to EUR 143 million in 2025 and headcount from 391 to 375 full-time equivalents.6

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 23-05-2019
  3. 3Belgian State Gazette, 15-07-2019
  4. 4Belgian State Gazette, 31-07-2023
  5. 5Belgian State Gazette, 22-08-2024
  6. 6National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€142.5m▲ 2.4%
2024 · €139.3m
EBIT margin
21.7%▲ 7.9pp
2024 · 13.7%
Net result
€25.5m▲ 63.0%
2024 · €15.6m
Working capital
€55.4m▲ 18.1%
2024 · €46.9m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, 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€141.2m▲ 38.6%€159.2m▲ 12.8%€153.8m▼ 3.4%€139.3m▼ 9.5%€142.5m▲ 2.4%
Operating result€52.4m▲ 238%€47.4m▼ 9.5%€33.9m▼ 28.5%€19.1m▼ 43.6%€30.9m▲ 61.4%
Net result€41.5mabove the sector's middle half▲ 229%€37.2mabove the sector's middle half▼ 10.5%€28.5mabove the sector's middle half▼ 23.4%€15.6mabove the sector's middle half▼ 45.1%€25.5mabove the sector's middle half▲ 63.0%
EBIT margin37.1%▲ 21.9pp29.8%▼ 7.3pp22.0%▼ 7.8pp13.7%▼ 8.3pp21.7%▲ 7.9pp
Equity€81.0mabove the sector's middle half▲ 26.3%€94.2mabove the sector's middle half▲ 16.3%€95.5mabove the sector's middle half▲ 1.4%€85.5mabove the sector's middle half▼ 10.5%€85.4mabove the sector's middle half=
Total assets€142.3mabove the sector's middle half▲ 51.7%€145.6mabove the sector's middle half▲ 2.3%€149.1mabove the sector's middle half▲ 2.4%€151.3mabove the sector's middle half▲ 1.5%€138.7mabove the sector's middle half▼ 8.4%
Debt€56.5m▲ 119%€45.8m▼ 19.0%€47.8m▲ 4.4%€59.5m▲ 24.6%€46.6m▼ 21.7%
Working capital€43.7m▲ 1.4%€50.6m▲ 15.8%€45.0m▼ 11.1%€46.9m▲ 4.4%€55.4m▲ 18.1%
Solvency56.9%within the sector's middle half▼ 11.4pp64.7%above the sector's middle half▲ 7.8pp64.1%within the sector's middle half▼ 0.6pp56.5%within the sector's middle half▼ 7.6pp61.6%within the sector's middle half▲ 5.1pp
Staff (FTE)437.9above the sector's middle half▲ 7.5%457.7above the sector's middle half▲ 4.5%444.6above the sector's middle half▼ 2.9%409.8above the sector's middle half▼ 7.8%375above the sector's middle half▼ 8.5%
above within below the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€20.0m€40.0m€60.0mOperating result 2021: €52.4m€52.4mNet result 2021: €41.5m€41.5mOperating result 2022: €47.4m€47.4mNet result 2022: €37.2m€37.2mOperating result 2023: €33.9m€33.9mNet result 2023: €28.5m€28.5mOperating result 2024: €19.1m€19.1mNet result 2024: €15.6m€15.6mOperating result 2025: €30.9m€30.9mNet result 2025: €25.5m€25.5m20212022202320242025€0€10m€20m€30mOperating result 2023: €33.9m€34mNet result 2023: €28.5m€28mOperating result 2024: €19.1m€19mNet result 2024: €15.6m€16mOperating result 2025: €30.9m€31mNet result 2025: €25.5m€26m202320242025
The operating result recovers in 2025; 2025 is 61% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138.7m
Fixed assets €37.2m ▼ 17.4%
Current assets €101.5m ▼ 4.6%
Equity and liabilities €138.7m
Equity €85.4m =
Provisions €6.6m ▲ 4.6%
Debt €46.6m ▼ 21.7%
Debt's share of the balance-sheet total falls from 39.3% to 33.6%. Debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€57.1m▲
2024 · €50.7m
Cash flow
€51.7m▲
2024 · €47.3m
Current ratio
2.20▲
2024 · 1.79
Quick ratio
1.78▲
2024 · 1.43
Debt to equity
0.55▼
2024 · 0.70
ROE
29.9%▲
2024 · 18.3%
ROA
18.4%▲
2024 · 10.3%
Debt ≤ 1 year
€46.0m▼
2024 · €59.4m
Income taxes
€6.3m▲
2024 · €5.0m
Staff costs
€34.7m▼
2024 · €38.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 344 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 98% are still going.

  • Large
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0% went bankrupt
2.3% stopped otherwise
98% still going

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 344 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 93 lines
Balance sheet Code20242025
Assets
Total assets20/58€151.3m€138.7m▼
Fixed assets21/28€45.0m€37.2m▼
Intangible fixed assets21€13.9m€7.2m▼
Tangible fixed assets22/27€30.7m€29.6m▼
Land and buildings22€5.7m€5.0m▼
Plant, machinery and equipment23€16.2m€15.9m▼
Furniture and vehicles24€965,381€1.3m▲
Other tangible fixed assets26€4.7m€4.1m▼
Assets under construction and advance payments27€3.2m€3.3m▲
Financial fixed assets28€440,050€439,850=
Affiliated companies280/1€64,689€64,689=
Participating interests280€64,689€64,689=
Other financial fixed assets284/8€375,361€375,161▼
Shares284€14,874€14,874=
Amounts receivable and cash guarantees285/8€360,488€360,288▼
Current assets29/58€106.3m€101.5m▼
Stocks and contracts in progress3€21.3m€19.4m▼
Stocks30/36€21.3m€19.4m▼
Raw materials and consumables30/31€7.1m€5.9m▼
Work in progress32€6.2m€6.6m▲
Finished goods33€4.6m€3.8m▼
Goods purchased for resale34€3.4m€3.2m▼
Amounts receivable within one year40/41€81.7m€79.6m▼
Trade receivables40€33.7m€30.0m▼
Other amounts receivable41€48.0m€49.6m▲
Current investments50/53€14,347€14,397▲
Other investments51/53€14,347€14,397▲
Cash at bank and in hand54/58€270,878€223,930▼
Deferred charges and accrued income490/1€3.1m€2.2m▼
Equity and liabilities
Total equity and liabilities10/49€151.3m€138.7m▼
Equity10/15€85.5m€85.4m=
Contributions10/11€11.9m€11.9m=
Capital10€9.0m€9.0m=
Issued capital100€9.0m€9.0m=
Outside capital11€2.9m€2.9m=
Share premium1100/10€2.9m€2.9m=
Reserves13€30.6m€30.6m=
Non-distributable reserves130/1€1.1m€1.1m=
Legal reserve130€1.1m€1.1m=
Other1319€1,632€1,632=
Tax-exempt reserves132€2.3m€754,005▼
Distributable reserves133€27.2m€28.8m▲
Profit (loss) carried forward14€42.8m€42.8m=
Investment grants15€179,374€136,746▼
Provisions and deferred taxes16€6.3m€6.6m▲
Provisions for liabilities and charges160/5€6.3m€6.6m▲
Other liabilities and charges164/5€6.3m€6.6m▲
Amounts payable17/49€59.5m€46.6m▼
Amounts payable within one year42/48€59.4m€46.0m▼
Trade debts44€25.8m€13.2m▼
Suppliers440/4€25.8m€13.2m▼
Taxes, remuneration and social security45€7.9m€7.3m▼
Taxes450/3€1.2m€1.5m▲
Remuneration and social security454/9€6.7m€5.8m▼
Other amounts payable47/48€25.6m€25.5m▼
Accrued charges and deferred income492/3€149,760€543,597▲
Income statement Code20242025
Operating income70/76A€158.5m€163.8m▲
Turnover70€139.3m€142.5m▲
Change in stocks of work in progress, finished goods and contracts in progress71-€2.9m-€1.1m▲
Own construction capitalised72€15.5m€14.0m▼
Other operating income74€6.7m€8.4m▲
Operating charges60/66A€139.4m€133.0m▼
Goods for resale, raw materials and consumables60€28.4m€28.6m▲
Purchases600/8€24.6m€27.2m▲
Change in stocks: decrease (increase)609€3.7m€1.4m▼
Services and other goods61€39.2m€42.6m▲
Remuneration, social security and pensions62€38.6m€34.7m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31.6m€26.2m▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€530,791€295,135▼
Other operating charges640/8€1.0m€518,744▼
Operating profit (loss)9901€19.1m€30.9m▲
Financial income75/76B€1.7m€1.2m▼
Recurring financial income75€1.7m€1.2m▼
Income from financial fixed assets750€0€4,344▲
Income from current assets751€1.2m€981,296▼
Other financial income752/9€419,000€184,498▼
Financial charges65/66B€161,888€199,007▲
Recurring financial charges65€161,888€199,007▲
Debt charges650€3,323€0▼
Other financial charges652/9€158,565€199,007▲
Profit (loss) for the period before taxes9903€20.6m€31.8m▲
Income taxes67/77€5.0m€6.3m▲
Taxes670/3€5.0m€6.3m▲
Profit (loss) for the period9904€15.6m€25.5m▲
Transfer from tax-exempt reserves789€1.1m€1.5m▲
Profit (loss) for the period to be appropriated9905€16.7m€27.0m▲
Appropriation of the result
Profit (loss) to be appropriated9906€69.5m€69.9m▲
Profit (loss) brought forward from the previous period14P€52.8m€42.8m▼
Transfer to equity691/2€1.1m€1.5m▲
To other reserves6921€1.1m€1.5m▲
Profit to be distributed694/7€25.6m€25.5m▼
Return on contributions (dividend)694€25.6m€25.5m▼
Social balance
Average headcount (FTE)9087409.8375.0▼

The notes to these accounts (87 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€179.5m€184.5m€168.5m€158.5m€163.8m▲ 3.4%
Turnover70€141.2m€159.2m€153.8m€139.3m€142.5m▲ 2.4%
Change in stocks of work in progress, finished goods and contracts in progress71€4.8m€3.5m-€3.6m-€2.9m-€1.1m▲ 64.1%
Own construction capitalised72€15.0m€15.5m€15.6m€15.5m€14.0m▼ 10.1%
Other operating income74€18.4m€6.3m€2.7m€6.7m€8.4m▲ 25.9%
Operating charges60/66A€127.1m€137.1m€134.6m€139.4m€133.0m▼ 4.6%
Goods for resale, raw materials and consumables60€39.9m€41.2m€35.9m€28.4m€28.6m▲ 0.9%
Purchases600/8€46.5m€46.4m€31.5m€24.6m€27.2m▲ 10.2%
Change in stocks: decrease (increase)609-€6.6m-€5.1m€4.4m€3.7m€1.4m▼ 61.1%
Services and other goods61€42.0m€43.9m€35.7m€39.2m€42.6m▲ 8.6%
Remuneration, social security and pensions62€32.1m€34.5m€38.8m€38.6m€34.7m▼ 10.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10.2m€15.8m€21.1m€31.6m€26.2m▼ 17.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€46,683-----
Provisions for liabilities and charges: additions (uses and reversals)635/8€1.4m€866,910-€1,599€530,791€295,135▼ 44.4%
Other operating charges640/8€1.6m€776,217€3.1m€1.0m€518,744▼ 49.5%
Operating profit (loss)9901€52.4m€47.4m€33.9m€19.1m€30.9m▲ 61.4%
Financial income75/76B€400,221€890,254€1.4m€1.7m€1.2m▼ 29.5%
Recurring financial income75€400,221€890,254€1.4m€1.7m€1.2m▼ 29.5%
Income from financial fixed assets750€7,815€9,100€120,524€0€4,344-
Income from current assets751€7€16,224€617,657€1.2m€981,296▼ 20.9%
Other financial income752/9€392,399€864,930€612,544€419,000€184,498▼ 56.0%
Financial charges65/66B€241,138€487,933€786,205€161,888€199,007▲ 22.9%
Recurring financial charges65€241,069€487,933€786,205€161,888€199,007▲ 22.9%
Debt charges650€52,953€33,555€14,723€3,323€0▼ 100%
Other financial charges652/9€188,116€454,378€771,482€158,565€199,007▲ 25.5%
Non-recurring financial charges66B€69-----
Profit (loss) for the period before taxes9903€52.5m€47.8m€34.5m€20.6m€31.8m▲ 54.4%
Transfer from deferred taxes780€444,613€17,707----
Income taxes67/77€11.5m€10.7m€6.0m€5.0m€6.3m▲ 27.2%
Taxes670/3€12.0m€10.7m€6.3m€5.0m€6.3m▲ 27.2%
Tax adjustments and reversals of tax provisions77€512,943-€309,104---
Profit (loss) for the period9904€41.5m€37.2m€28.5m€15.6m€25.5m▲ 63.0%
Transfer from tax-exempt reserves789€1.9m--€1.1m€1.5m▲ 45.0%
Transfer to tax-exempt reserves689-€1.5m----
Profit (loss) for the period to be appropriated9905€43.4m€35.7m€28.5m€16.7m€27.0m▲ 61.9%
Line20212022202320242025Change
Assets
Total assets20/58€142.3m€145.6m€149.1m€151.3m€138.7m▼ 8.4%
Fixed assets21/28€43.7m€50.1m€56.7m€45.0m€37.2m▼ 17.4%
Intangible fixed assets21€18.9m€22.9m€23.8m€13.9m€7.2m▼ 48.3%
Tangible fixed assets22/27€24.4m€26.7m€31.5m€30.7m€29.6m▼ 3.6%
Land and buildings22€6.7m€5.9m€6.1m€5.7m€5.0m▼ 11.6%
Plant, machinery and equipment23€10.4m€12.4m€13.6m€16.2m€15.9m▼ 1.6%
Furniture and vehicles24€44,035€178,090€1.3m€965,381€1.3m▲ 32.0%
Other tangible fixed assets26€3.9m€3.5m€3.1m€4.7m€4.1m▼ 13.4%
Assets under construction and advance payments27€3.2m€4.8m€7.4m€3.2m€3.3m▲ 3.8%
Financial fixed assets28€430,554€429,763€1.4m€440,050€439,850=
Affiliated companies280/1€63,689€64,689€1.1m€64,689€64,689=
Participating interests280€63,689€64,689€1.1m€64,689€64,689=
Other financial fixed assets284/8€366,865€365,074€365,074€375,361€375,161▼ 0.1%
Shares284€14,874€14,874€14,874€14,874€14,874=
Amounts receivable and cash guarantees285/8€351,992€350,200€350,200€360,488€360,288▼ 0.1%
Current assets29/58€98.6m€95.5m€92.4m€106.3m€101.5m▼ 4.6%
Stocks and contracts in progress3€26.6m€35.2m€28.5m€21.3m€19.4m▼ 8.7%
Stocks30/36€26.6m€35.2m€28.5m€21.3m€19.4m▼ 8.7%
Raw materials and consumables30/31€10.7m€13.8m€11.3m€7.1m€5.9m▼ 17.2%
Work in progress32€5.6m€9.8m€7.8m€6.2m€6.6m▲ 6.7%
Finished goods33€6.1m€5.3m€5.0m€4.6m€3.8m▼ 17.9%
Goods purchased for resale34€4.2m€6.3m€4.4m€3.4m€3.2m▼ 6.7%
Amounts receivable within one year40/41€71.6m€57.2m€61.2m€81.7m€79.6m▼ 2.5%
Trade receivables40€53.5m€34.3m€18.1m€33.7m€30.0m▼ 10.9%
Other amounts receivable41€18.1m€22.9m€43.2m€48.0m€49.6m▲ 3.4%
Current investments50/53€16,062€16,852€14,272€14,347€14,397▲ 0.4%
Other investments51/53€16,062€16,852€14,272€14,347€14,397▲ 0.4%
Cash at bank and in hand54/58€294,572€2.4m€834,165€270,878€223,930▼ 17.3%
Deferred charges and accrued income490/1€123,001€700,763€1.8m€3.1m€2.2m▼ 29.0%
Equity and liabilities
Total equity and liabilities10/49€142.3m€145.6m€149.1m€151.3m€138.7m▼ 8.4%
Equity10/15€81.0m€94.2m€95.5m€85.5m€85.4m=
Contributions10/11€10.5m€10.5m€11.9m€11.9m€11.9m=
Capital10€7.6m€7.6m€9.0m€9.0m€9.0m=
Issued capital100€7.6m€7.6m€9.0m€9.0m€9.0m=
Outside capital11€2.9m€2.9m€2.9m€2.9m€2.9m=
Share premium1100/10€2.9m€2.9m€2.9m€2.9m€2.9m=
Reserves13€29.1m€30.6m€30.6m€30.6m€30.6m=
Non-distributable reserves130/1€1.1m€1.1m€1.1m€1.1m€1.1m=
Legal reserve130€1.1m€1.1m€1.1m€1.1m€1.1m=
Other1319€1,632€1,632€1,632€1,632€1,632=
Tax-exempt reserves132€1.8m€3.3m€3.3m€2.3m€754,005▼ 66.9%
Distributable reserves133€26.2m€26.2m€26.2m€27.2m€28.8m▲ 5.6%
Profit (loss) carried forward14€41.2m€52.8m€52.8m€42.8m€42.8m=
Investment grants15€238,819€226,058€210,973€179,374€136,746▼ 23.8%
Provisions and deferred taxes16€4.8m€5.7m€5.8m€6.3m€6.6m▲ 4.6%
Provisions for liabilities and charges160/5€4.8m€5.7m€5.8m€6.3m€6.6m▲ 4.6%
Pensions and similar obligations160€120,811€63,443€2,243---
Other liabilities and charges164/5€4.7m€5.6m€5.8m€6.3m€6.6m▲ 4.6%
Deferred taxes168€17,707-----
Amounts payable17/49€56.5m€45.8m€47.8m€59.5m€46.6m▼ 21.7%
Amounts payable after more than one year17€1.1m€165,697----
Financial debts170/4€1.1m€165,697----
Credit institutions173€1.1m€165,697----
Amounts payable within one year42/48€55.0m€45.0m€47.4m€59.4m€46.0m▼ 22.4%
Current portion of amounts payable after more than one year42€1.1m€1.1m€165,697---
Trade debts44€18.1m€12.2m€12.4m€25.8m€13.2m▼ 48.8%
Suppliers440/4€18.1m€12.2m€12.4m€25.8m€13.2m▼ 48.8%
Taxes, remuneration and social security45€6.1m€7.6m€6.3m€7.9m€7.3m▼ 7.5%
Taxes450/3€10,375€1.1m€160,818€1.2m€1.5m▲ 27.7%
Remuneration and social security454/9€6.1m€6.6m€6.2m€6.7m€5.8m▼ 13.5%
Other amounts payable47/48€29.7m€24.0m€28.5m€25.6m€25.5m▼ 0.5%
Accrued charges and deferred income492/3€473,530€638,706€333,001€149,760€543,597▲ 263%
Line20212022202320242025Change
Profit (loss) for the period9904€41.5m€37.2m€28.5m€15.6m€25.5m▲ 63.0%
+ Depreciation and write-downs630€10.2m€15.8m€21.1m€31.6m€26.2m▼ 17.0%
Operating cash flow (approximation)€51.7m€53.0m€49.6m€47.3m€51.7m▲ 9.5%
Investment in fixed assets (approximation)--€22.2m-€27.7m-€20.0m-€18.4m▲ 7.8%
Change in cash-€2.1m-€1.5m-€563,287-€46,948▲ 91.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
03-07
State Gazette act Resignation: EY Bedrijfsrevisoren BV (statutory auditor)
Appointment: PwC Bedrijfsrevisoren BV (statutory auditor) · Permanent representative: Peter D'hondt4 facts ▸
  • General meeting, 18/05/2026
  • Auditor resignation, EY Bedrijfsrevisoren BV
  • Auditor appointment, PwC Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Peter D'hondt
08-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
24-03
State Gazette act Resignation: Violès BV (director)
Appointment: Emmanuel Damman (director) · Power of attorney5 facts ▸
  • Board meeting, 18/02/2026
  • Director resignation, Violès BV (director)
  • Director resignation, Violès BV (day-to-day manager)
  • Power of attorney, Violès BV
  • Director appointment, Emmanuel Damman (director)
2025
11-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
13-05
State Gazette act Resignations & appointments
Power of attorney3 facts ▸
  • Board meeting, 24/04/2025
  • Power of attorney, Daniël Sturtewagen
  • Power of attorney, Regado BV
08-04
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 10/03/2025
  • Power of attorney, Casmati BV
2024
22-08
State Gazette act Reappointments: Jozef De Backer (director) and Violès BV (director)
Permanent representative: Patrick Van Steelandt · Power of attorney8 facts ▸
  • General meeting, 21/05/2024
  • Board meeting, 20/06/2024
  • Director reappointment, Jozef De Backer (director)
  • Director reappointment, Violès BV (director)
  • Permanent representative, Patrick Van Steelandt
  • Director reappointment, Jozef De Backer (chair)
  • Director reappointment, Jozef De Backer (managing director)
  • Power of attorney, Cassiopeia BV
13-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
04-04
State Gazette act Resignations & appointments
Power of attorney5 facts ▸
  • Board meeting, 18/01/2024
  • Power of attorney, Cassiopeia BV
  • Power of attorney, Immotechnology BV
  • Power of attorney, PhiGy Consulting BV
  • Power of attorney, Daniël Sturtewagen
2023
05-09
State Gazette act Appointment: EY Bedrijfs-revisoren bv (statutory auditor)
2 facts ▸
  • General meeting, 22/05/2023
  • Auditor appointment, EY Bedrijfs-revisoren bv (statutory auditor)
04-09
State Gazette act Capital & shares
Share transfer · Power of attorney2 facts ▸
  • Share transfer, Verkoper → Niko Group NV
  • Power of attorney, Allen & Overy (Belgium) LLP
31-07
State Gazette act Capital & shares · Purpose · Statutes amendment
Capital increase · Purpose change · Capital5 facts ▸
  • General meeting, 14/07/2023
  • Capital increase, €1.360.814,26
  • Purpose change, Het uitbaten, vervaardigen en de handel van alle elektrische toestellen, benodigdheden en alle aanverwante artikelen, die met deze activiteit verband houden, he…
  • Capital, €9.003.130,93
  • Statutes amendment
Show earlier events
09-06
State Gazette act Restructuring
Demerger · Power of attorney6 facts ▸
  • Demerger
  • Power of attorney, Susana Gonzalez Melon
  • Power of attorney, Jasper Clarys
  • Power of attorney, Michiel Fraussen
  • Power of attorney, Kaat Vervenne
  • Power of attorney, Allen & Overy LLP
06-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
09-12
State Gazette act Resignation: Philippe Bonamie (director)
Appointments: VIOLÈS BV (director) and Jozef De Backer (managing director)6 facts ▸
  • Board meeting, 28/10/2022
  • Director resignation, Philippe Bonamie (director)
  • Director resignation, Philippe Bonamie (managing director)
  • Director appointment, VIOLÈS BV (director)
  • Director appointment, Jozef De Backer (managing director)
  • Director appointment, VIOLÈS BV (day-to-day manager)
30-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
09-03
State Gazette act Permanent representative: Philip Van Gysel
Power of attorney3 facts ▸
  • Board meeting, 24/02/2022
  • Power of attorney, PhiGy Consulting BV
  • Permanent representative, Philip Van Gysel
2021
31-12
Financial Highest result since 2018net €41.5m ▲229%
Operating result €52.4m, net result €41.5m, both a record.
11-08
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 08/07/2021
  • Power of attorney, Bart Vanderkerken
07-07
State Gazette act Reappointments: Jozef De Backer (director) and Philippe Bonamie (director)
Appointment: Philippe Bonamie (managing director)5 facts ▸
  • General meeting, 21/05/2021
  • Board meeting, 21/05/2021
  • Director reappointment, Jozef De Backer (director)
  • Director reappointment, Philippe Bonamie (director)
  • Director appointment, Philippe Bonamie (managing director)
16-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
19-06
State Gazette act Appointment: EY Bedrijfs revisoren bv (statutory auditor)
Resignation: Niko (statutory auditor)3 facts ▸
  • General meeting, 18/05/2020
  • Auditor appointment, EY Bedrijfs revisoren bv (statutory auditor)
  • Auditor resignation, Niko
17-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
05-05
State Gazette act Resignation: Paul Matthijs (director and managing director)
Appointment: Philippe Bonamie (managing director)3 facts ▸
  • Board meeting, 02/04/2020
  • Director resignation, Paul Matthijs (director and managing director)
  • Director appointment, Philippe Bonamie (managing director)
2019
31-12
Financial Weakest financial yearnet €6.2m ▼41.1%
Net result drops to €6.2m, the lowest in the series; recovery starts the following year.
15-10
State Gazette act Restructuring
Merger · Accounting effect4 facts ▸
  • Board meeting, 23/09/2019
  • Board meeting, 23/09/2019
  • Merger, transfer of business, 01/10/2019
  • Accounting effect, 01/10/2019
27-08
State Gazette act Restructuring
Merger1 fact ▸
  • Merger, transfer of business branch
16-07
State Gazette act Appointment: Ernst & Young Bedrijfs revisoren cvba (statutory auditor)
Resignation: Niko (statutory auditor)3 facts ▸
  • General meeting, 20/05/2019
  • Auditor appointment, Ernst & Young Bedrijfs revisoren cvba (statutory auditor)
  • Auditor resignation, Niko
15-07
State Gazette act Purpose · Restructuring
Merger · Capital increase · Accounting effect9 facts ▸
  • General meeting, 28/06/2019
  • Merger, 28/06/2019
  • Capital increase, €948.316,67
  • Accounting effect, 01/01/2019
  • Purpose change, Het uitbaten, vervaardigen en de handel van alle elektrische toestellen, benodigdheden en alle aanverwante artikelen, die met deze activiteit verband houden, en…
  • Capital, €7.642.316,67
  • Net-asset statement, 31/12/2018
  • Net-asset statement, 31/12/2018
  • Merger exchange ratio, 0.0139, 255
20-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
23-05
State Gazette act Restructuring
Merger · Capital · Net-asset statement12 facts ▸
  • Board meeting, 13/05/2019
  • Board meeting, 13/05/2019
  • Merger
  • Capital, €6.694.000
  • Capital, €3.830.000
  • Net-asset statement, 31/12/2018
  • Net-asset statement, 31/12/2018
  • Capital increase, €948.316,67
  • Share issue, 255, fusion exchange
  • Accounting effect, 01/01/2019
  • Real estate, percelen gelegen te 9100 Sint-Niklaas, kadastraal gekend onder Sectie C Nr 807B, Sectie D Nrs. 1693L, 1719A, 1720C, 1721, 1724, 1725C, 1726, 1727, 1733F, 1734C,…
  • Purpose change, to include purpose of e2
07-01
State Gazette act Resignation: Peter Watteeuw (director)
Appointment: Philippe Bonamie (director) · Director discharge · Mandate compensation5 facts ▸
  • General meeting, 13/12/2018
  • Director resignation, Peter Watteeuw (director)
  • Director discharge, Peter Watteeuw
  • Director appointment, Philippe Bonamie (director)
  • Mandate compensation, Philippe Bonamie
2018
12-09
State Gazette act Reappointment: Jozef De Backer (chair of the board)
Appointment: Paul Matthijs (managing director)3 facts ▸
  • Board meeting, 22-05-2018
  • Director reappointment, Jozef De Backer (chair of the board)
  • Director appointment, Paul Matthijs (managing director)
24-07
State Gazette act Reappointments: Jozef De Backer, Peter Watteeuw and Paul Matthijs
4 facts ▸
  • General meeting, 22/05/2018
  • Director reappointment, Jozef De Backer (director)
  • Director reappointment, Peter Watteeuw (director)
  • Director reappointment, Paul Matthijs (director)
21-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
11-08
State Gazette act Resignation: Isabelle VAN ISEGHEM (director)
Appointment: Paul MATTHIJS (director) · Director discharge · Mandate compensation4 facts ▸
  • Director resignation, Isabelle VAN ISEGHEM (director)
  • Director discharge, Isabelle VAN ISEGHEM
  • Director appointment, Paul MATTHIJS (director)
  • Mandate compensation, Paul MATTHIJS
15-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
27-04
State Gazette act Purpose · Statutes amendment · Resignations & appointments
Purpose change · Power of attorney4 facts ▸
  • General meeting, 30/03/2017
  • Purpose change, Het uitbaten, vervaardigen en de handel van alle elektrische toestellen, benodigdheden en alle aanverwante artikelen, die met deze activiteit verband houden, en…
  • Statutes amendment
  • Power of attorney, Philippe Verlinden
14-04
State Gazette act Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
Permanent representative: Paul Eelen3 facts ▸
  • General meeting, 17/05/2016
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
  • Permanent representative, Paul Eelen
2016
16-03
State Gazette act Resignations & appointments
Power of attorney3 facts ▸
  • Board meeting, 28/01/2016
  • Power of attorney, Danny Sturtewagen
  • Power of attorney, Bart Vanderkerken
2015
24-11
State Gazette act Resignations & appointments
Power of attorney3 facts ▸
  • Board meeting, 15/10/2015
  • Power of attorney, Pascale Milo
  • Power of attorney, Dany Sturtewagen
13-07
State Gazette act Reappointments: Jozef De Backer (director) and Peter Watteeuw (director)
Appointment: Isabelle Van Iseghem (director) · Resignation: Inducap Comm.V. (director)8 facts ▸
  • General meeting, 18/05/2015
  • Director reappointment, Jozef De Backer (director)
  • Director reappointment, Peter Watteeuw (director)
  • Director appointment, Isabelle Van Iseghem (director)
  • Director resignation, Inducap Comm.V. (director)
  • Board meeting, 25/06/2015
  • Director reappointment, Jozef De Backer (chair of the board)
  • Director reappointment, Peter Watteeuw (managing director)
21-05
State Gazette act Resignation: Inducap Comm.V. (director)
Appointment: Isabelle Van Isegehem (director)3 facts ▸
  • Board meeting, 19/03/2015
  • Director resignation, Inducap Comm.V. (director)
  • Director appointment, Isabelle Van Isegehem (director)
2014
02-07
State Gazette act Reappointment: Peter Watteeuw (managing director)
3 facts ▸
  • Board meeting, 28/06/2012
  • General meeting, 21/05/2012
  • Director reappointment, Peter Watteeuw (managing director)
2013
26-06
State Gazette act Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
Power of attorney4 facts ▸
  • General meeting, 21/05/2013
  • Board meeting, 06/06/2013
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
  • Power of attorney, Pascale Milo
2012
20-06
State Gazette act Reappointments: Jozef De Backer, Peter Watteeuw and Inducap Comm.V.
Permanent representative: Philippe Lambrecht5 facts ▸
  • General meeting, 21/05/2012
  • Director reappointment, Jozef De Backer (director)
  • Director reappointment, Peter Watteeuw (director)
  • Director reappointment, Inducap Comm.V. (director)
  • Permanent representative, Philippe Lambrecht
2011
28-03
State Gazette act Resignation: Thomas Coppens (director)
Appointment: Inducap Comm.V. (director) · Permanent representative: Philippe Lambrecht4 facts ▸
  • General meeting, 01/03/2011
  • Director resignation, Thomas Coppens (director)
  • Director appointment, Inducap Comm.V. (director)
  • Permanent representative, Philippe Lambrecht
2010
25-06
State Gazette act Appointment: Ernst & Young & Partners (statutory auditor)
2 facts ▸
  • General meeting, 17/05/2010
  • Auditor appointment, Ernst & Young & Partners (statutory auditor)
2008
21-01
State Gazette act Appointments: Peter Watteeuw (director) and Jozef De Backer (chair of the board)
Resignations: Jozef De Backer (managing director) and Michel Berges (chair of the board)7 facts ▸
  • General meeting, 20/12/2007
  • Board meeting, 20/12/2007
  • Director appointment, Peter Watteeuw (director)
  • Director appointment, Peter Watteeuw (managing director)
  • Director resignation, Jozef De Backer (managing director)
  • Director appointment, Jozef De Backer (chair of the board)
  • Director resignation, Michel Berges (chair of the board)
2005
07-06
State Gazette act Resignation: Snofla (director)
Appointment: Jozef De Backer (director)5 facts ▸
  • General meeting, 17/05/2005
  • Board meeting, 17/05/2005
  • Director resignation, Snofla (director)
  • Director appointment, Jozef De Backer (director)
  • Director appointment, Jozef De Backer (managing director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
38 of 38 acts read

Directors · office · real estate

Directors
3 directors, 2 in day-to-day management, no change since 2026

Board 3

Jozef De Backer
Chair · since 20-12-2007 · Director · since 17-05-2005
Current
Violès
Director · since 28-10-2022 · Private limited company · perm. rep.: Patrick Van Steelandt
Current
Emmanuel Damman
Director · since 18-02-2026
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Isabelle Van Isegehem
Director · since 19-03-2015
Not recently confirmed

Day-to-day management 2

Jozef De Backer
Managing director · since 28-10-2022
Current
Violès
Day-to-day manager · since 28-10-2022 · Private limited company · perm. rep.: Patrick Van Steelandt
Current

Permanent representatives 1

Patrick Van Steelandt
Permanent representative · since 28-10-2022 · for Violès
Current

Statutory auditor 1

BV PwC Bedrijfsrevisoren
Statutory auditor · since 03-07-2026 · perm. rep.: Peter D'hondt
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Niklaas · 3 establishment units since 1942
seat establishment All 3 establishment units on the map
Ground area
3.0 ha
Building footprint
2.2 ha
Volume, LiDAR
185,660 m³
3 parcels, Flanders, Wallonia · tallest building 27.6 m, ±8 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
3 establishment units
NIKO
Industriepark-West 40, 9100 Sint-NiklaasNACE 3210007
since 19422.004.139.962
Niko NV
Chaussée de Marche(EP) 598, 5101 NamurOffice administrative, office support and other business support activities
since 20222.339.197.461
Wygwam, a division of Niko NV
Desguinlei 100, 2018 AntwerpenManufacture of computer, electronic and optical products
since 20232.351.211.605
3 parcels
Flanders 2 (66.7%) Wallonia 1 (33.3%)
Parcel (capakey) Region Area Buildings Height / fl.
46445D1745/00H000 Flanders 2.2 ha 1 · 1.8 ha 9.8 m · 2 fl.
11810K2172/00D004
ProtectedCultural-historical landscapeHertogheparkSource ↗
Flanders 5,401 m² 1 · 2,130 m² 27.6 m · 8 fl.
92039B0032/00Z002 Wallonia 2,522 m² 1 · 1,027 m² -
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Mandate history

15 people since 2005, 5 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Jozef De Backer
  • Director, from 17-05-2005 to date
  • Managing director, from 17-05-2005 to 21-01-2008
  • Chair of the board, from 20-12-2007 to date
  • Managing director, from 28-10-2022 to date
Violès
  • Director, from 28-10-2022 to date
  • Day-to-day manager, from 28-10-2022 to date
Emmanuel Damman
  • Director, from 18-02-2026 to date
BV PwC Bedrijfsrevisoren
  • Statutory auditor, from 03-07-2026 to date
Isabelle Van Isegehem
  • Director, from 19-03-2015 not ended, last confirmed 21-05-2015
Ernst et Young Reviseurs d'Entreprises
  • Statutory auditor, from 26-06-2013 to 03-07-2026
Philippe Bonamie
  • Director, from 13-12-2018 to 12-10-2022
  • Managing director, from 16-02-2020 to 12-10-2022
Paul Matthijs
  • Director, from 31-05-2017 to 16-02-2020
  • Managing director, from 12-09-2018 to 16-02-2020
Peter Watteeuw
  • Director, from 20-12-2007 to 12-12-2018
  • Managing director, from 20-12-2007 ended, last mentioned 13-07-2015
Isabelle VAN ISEGHEM
  • Director, from 18-05-2015 to 31-05-2017
Inducap Comm.V.
  • Director, from 01-03-2011 to 19-03-2015
  • Director, until 21-05-2015
Ernst & Young & Partners
  • Statutory auditor, from 25-06-2010 to 26-06-2013
Thomas Coppens
  • Director, until 28-03-2011
Michel Berges
  • Chair of the board, until 21-01-2008
Snofla
  • Director, until 07-06-2005
See the board, name and seat on a given date →

Articles of association

Purpose
Het uitbaten, vervaardigen en de handel van alle elektrische toestellen
Full purpose

Het uitbaten, vervaardigen en de handel van alle elektrische toestellen...

Structure & network

Part of the group ANDHERS 7 companies Group, risk and exposure

Owners and holdings

1 owner · 4 holdings

Chain of control

  1. ANDHERS 100%
  2. Niko

Highest known parent: ANDHERS. The sources do not say who stands above it.

Owners 1

Holdings 4

According to the 2025 annual accounts of Niko and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

6 connected companies

Acquisitions and mergers

2 transactions
Took over:NIKIM
BE 0425.704.888merger by absorption · State Gazette act of 15-07-2019 (2 acts) · effective 28-06-2019
Received a branch of activity from:FIFTHPLAY
BE 0442.833.209State Gazette act of 15-10-2019 (2 acts)

Capital and shareholders

Shareholders according to the acts
Share transfer act of 04-09-2023 ↗

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 31-07-2023 Capital increase of 1,360,814.26 EUR · to 9,003,130.93 EUR · 366 new shares
  2. 15-07-2019 Capital increase of 948,316.67 EUR · 255 new shares
  3. 23-05-2019 Capital increase of 948,316.67 EUR · to 7,642,316.67 EUR

Public money · subsidies and aid

Flemish government

2022 to 2025 · 12 entries · 942,475 EUR awarded · 848,466 EUR paid
Year Entries awardedpaid
2025 4 10,196 EUR85,246 EUR
2024 2 30,387 EUR253,387 EUR
2023 2 39,058 EUR262,058 EUR
2022 4 862,834 EUR247,775 EUR
Schemes
5 entries · 838,059 EUR · 744,050 EUR paid · Fonds voor Innoveren en Ondernemen
4 entries · 96,349 EUR · 96,349 EUR paid · Departement Werk en Sociale Economie
1 entry · 5,567 EUR · 5,567 EUR paid · Departement Werk en Sociale Economie
1 entry · 2,000 EUR · 2,000 EUR paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie
1 entry · 500 EUR · 500 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

1 site · 1 with a smiley
Sint-Niklaas2.004.139.962
1 permission · smiley 2029NL00514 valid until 24-03-2029
Toelating · Andere grootkeuken (bereiding - distributie maaltijden) · since 06-09-2010

Quality registration as a provider

1 live approval
Quality registration as a provider
Toegekend · valid until 2029-02-10

Dual-learning approval

3 live approvals · 5 ended
Mechanische vormgeving duaal (so)
Goedgekeurd · 2022 to 2027
Mechanische vormgevingstechnieken duaal (so)
Goedgekeurd · 2022 to 2027
Omsteller verspaning en monteerder-afregelaar duaal (so)
Goedgekeurd · 2022 to 2027
Show 5 ended approvals
Elektrotechnicus (vwo)
ended · 2021 to 2026
Elektrotechnicus duaal (so)
ended · 2021 to 2026
Magazijnmedewerker (vwo)
ended · 2021 to 2026
Magazijnmedewerker duaal (so)
ended · 2021 to 2026
Magazijnmedewerker (so)
discontinued · 2021 to 2025

Legal Entity Identifier

549300IYED05N6540X13
live in the LEI register

Similar companies · same sector, comparable size

Of 142 companies in sector 27900 we hold annual accounts for 103. 9 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
Founded30-07-1942
Fiscal year end31-12
Activities, NACEBEL 2025
27330Manufacture of electrical equipment
27900Manufacture of electrical equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:0405045670
Also 9925:BE0405045670

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.