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NIKO

Open bankruptcy
Private limited companyfounded 2019Gentseweg 132, 8792 Waregem, BelgiumKBO/BCE: BE 0729.920.545

A bankruptcy procedure is open for NIKO according to publications in the Belgian State Gazette; curator: Kathleen SEGERS.

Summary

The 2022 annual accounts show negative equity (-€50,166) and a net result of -€17,550.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Ghent, Kortrijk division
Declared bankrupt
6 February 2024
Supervising judge
Rik Dekyvere
Official Gazette
12-02-2024 (pdf) ↗search the document for 2024/105304

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 07-07-2023, 24 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
24 d early
2021
24 d early
2020
18 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 10 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
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 8 July 2019 as a Private limited company.1 Total assets fell from EUR 77,766 in 2020 to EUR 43,526 in 2022.2 On 6 February 2024 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2022
  3. 3Belgian State Gazette, 12-02-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2022, micro schema

Equity
-€50,166▼ 53.8%
2021 · -€32,616
Total assets
€43,526▼ 62.5%
2021 · €116,216
Net result
-€17,550
2021 · €3,015
Working capital
-€65,654▼ 28.4%
2021 · -€51,121
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202020212022
Operating result-€53,790-€2,436-€16,153
Net result-€53,981-€3,015-€17,550
Equity-€35,631--€32,616▲ 8.5%-€50,166▼ 53.8%
Total assets€77,766-€116,216▲ 49.4%€43,526▼ 62.5%
Debt€113,397-€148,832▲ 31.2%€93,692▼ 37.0%
Working capital-€53,119--€51,121▲ 3.8%-€65,654▼ 28.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0Operating result 2020: -€53,790-€53,790Net result 2020: -€53,981-€53,981Operating result 2021: €2,436€2,436Net result 2021: €3,015€3,015Operating result 2022: -€16,153-€16,153Net result 2022: -€17,550-€17,550202020212022-€60,000-€40,000-€20,000€0Operating result 2020: -€53,790-€53,800Net result 2020: -€53,981-€54,000Operating result 2021: €2,436€2,440Net result 2021: €3,015€3,020Operating result 2022: -€16,153-€16,200Net result 2022: -€17,550-€17,500202020212022
The operating result turns negative in 2022: a loss of €16,153 after €2,436 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €43,526
Fixed assets €26,159 ▼ 23.4%
Current assets €17,367 ▼ 78.8%
Key figures and ratios
2022 value · change against 2021
EBITDA
-€7,644▼
2021 · €10,554
Cash flow
-€9,041▼
2021 · €11,134
Solvency
-115.3%▼
2021 · -28.1%
Current ratio
0.21▼
2021 · 0.62
Quick ratio
0.15▼
2021 · 0.56
Debt to equity
-1.87▲
2021 · -4.56
ROA
-40.3%▼
2021 · 2.6%
Interest coverage
-5.44▼
2021 · 6.68
Debt ≤ 1 year
€83,021▼
2021 · €133,169
Debt > 1 year
€10,671▼
2021 · €15,663
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 44 lines
Balance sheet Code20212022
Assets
Total assets20/58€116,216€43,526▼
Fixed assets21/28€34,168€26,159▼
Intangible fixed assets21€500€300▼
Tangible fixed assets22/27€32,118€23,809▼
Plant, machinery and equipment23€16,887€12,521▼
Furniture and vehicles24€5,891€3,545▼
Other tangible fixed assets26€9,340€7,743▼
Financial fixed assets28€1,550€2,050▲
Current assets29/58€82,048€17,367▼
Stocks and contracts in progress3€7,450€4,800▼
Stocks30/36€7,450€4,800▼
Amounts receivable within one year40/41€48,434€8,230▼
Trade receivables40€19,448€8,230▼
Other amounts receivable41€28,985-
Cash at bank and in hand54/58€22,380€4,337▼
Deferred charges and accrued income490/1€3,784-
Equity and liabilities
Total equity and liabilities10/49€116,216€43,526▼
Equity10/15-€32,616-€50,166▼
Contributions10/11€18,350€18,350=
Profit (loss) carried forward14-€50,966-€68,516▼
Amounts payable17/49€148,832€93,692▼
Amounts payable after more than one year17€15,663€10,671▼
Financial debts170/4€15,663€10,671▼
Amounts payable within one year42/48€133,169€83,021▼
Current portion of amounts payable after more than one year42€4,909€4,992▲
Trade debts44€121,343€68,042▼
Suppliers440/4€121,343€68,042▼
Taxes, remuneration and social security45€6,917€4,993▼
Taxes450/3€6,917€4,993▼
Other amounts payable47/48-€4,994
Income statement Code20212022
Non-recurring operating income76A-€92
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,118€8,509▲
Other operating charges640/8€2,676€12,068▲
Gross operating margin9900€13,230€4,424▼
Operating profit (loss)9901€2,436-€16,153▼
Financial income75/76B€2,160€7▼
Recurring financial income75€2,160€7▼
Financial charges65/66B€1,580€1,404▼
Recurring financial charges65€1,580€1,404▼
Profit (loss) for the period before taxes9903€3,015-€17,550▼
Profit (loss) for the period9904€3,015-€17,550▼
Profit (loss) for the period to be appropriated9905€3,015-€17,550▼
Appropriation of the result
Profit (loss) to be appropriated9906-€50,966-€68,516▼
Profit (loss) brought forward from the previous period14P-€53,981-€50,966▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202020212022Change
Non-recurring operating income76A--€92-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,953€8,118€8,509▲ 4.8%
Other operating charges640/8-€2,676€12,068▲ 351%
Gross operating margin9900-€41,215€13,230€4,424▼ 66.6%
Operating profit (loss)9901-€53,790€2,436-€16,153▼ 763%
Financial income75/76B-€2,160€7▼ 99.7%
Recurring financial income75€634€2,160€7▼ 99.7%
Financial charges65/66B-€1,580€1,404▼ 11.1%
Recurring financial charges65€825€1,580€1,404▼ 11.1%
Profit (loss) for the period before taxes9903-€53,981€3,015-€17,550▼ 682%
Profit (loss) for the period9904-€53,981€3,015-€17,550▼ 682%
Profit (loss) for the period to be appropriated9905-€53,981€3,015-€17,550▼ 682%
Line202020212022Change
Assets
Total assets20/58€77,766€116,216€43,526▼ 62.5%
Fixed assets21/28€17,488€34,168€26,159▼ 23.4%
Intangible fixed assets21€700€500€300▼ 40.0%
Tangible fixed assets22/27€9,138€32,118€23,809▼ 25.9%
Plant, machinery and equipment23-€16,887€12,521▼ 25.9%
Furniture and vehicles24-€5,891€3,545▼ 39.8%
Other tangible fixed assets26-€9,340€7,743▼ 17.1%
Financial fixed assets28€7,650€1,550€2,050▲ 32.3%
Current assets29/58€60,278€82,048€17,367▼ 78.8%
Stocks and contracts in progress3€14,800€7,450€4,800▼ 35.6%
Stocks30/36-€7,450€4,800▼ 35.6%
Amounts receivable within one year40/41€21,460€48,434€8,230▼ 83.0%
Trade receivables40-€19,448€8,230▼ 57.7%
Other amounts receivable41-€28,985--
Cash at bank and in hand54/58€20,351€22,380€4,337▼ 80.6%
Deferred charges and accrued income490/1-€3,784--
Equity and liabilities
Total equity and liabilities10/49€77,766€116,216€43,526▼ 62.5%
Equity10/15-€35,631-€32,616-€50,166▼ 53.8%
Contributions10/11-€18,350€18,350=
Profit (loss) carried forward14-€53,981-€50,966-€68,516▼ 34.4%
Amounts payable17/49€113,397€148,832€93,692▼ 37.0%
Amounts payable after more than one year17-€15,663€10,671▼ 31.9%
Financial debts170/4-€15,663€10,671▼ 31.9%
Amounts payable within one year42/48€113,397€133,169€83,021▼ 37.7%
Current portion of amounts payable after more than one year42-€4,909€4,992▲ 1.7%
Trade debts44€113,397€121,343€68,042▼ 43.9%
Suppliers440/4-€121,343€68,042▼ 43.9%
Taxes, remuneration and social security45-€6,917€4,993▼ 27.8%
Taxes450/3-€6,917€4,993▼ 27.8%
Other amounts payable47/48--€4,994-
Line202020212022Change
Profit (loss) for the period9904-€53,981€3,015-€17,550▼ 682%
+ Depreciation and write-downs630€4,953€8,118€8,509▲ 4.8%
Operating cash flow (approximation)-€49,029€11,134-€9,041▼ 181%
Investment in fixed assets (approximation)--€24,799-€500▲ 98.0%
Change in cash-€2,029-€18,043▼ 989%

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

2024
12-02
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 06-02-2024
2023
07-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €3,015
Net result €3,015 after one loss-making year.
18-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Waregem · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
4,255 m²
Building footprint
3,771 m²
Volume, LiDAR
19,132 m³
Parcel 34010B0179/00M000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NIKO
Gentseweg 132, 8792 WaregemNACE 45113
since 20192.291.311.729
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34010B0179/00M000 Flanders 4,255 m² 1 · 3,771 m² 7.6 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator Kathleen SEGERS
FELIX VERHAEGHESTRAAT 5, 8790 WAREGEM
06-02-2024 → present

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 10,664 companies in sector 47811 we hold annual accounts for 5,221. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded08-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
46713Wholesale trade
46730Wholesale trade
47830Retail sale of motorcycles and motorcycle parts and accessories
49410Freight transport by road
77399Renting and leasing of other machinery, equipment and tangible goods
Contact
E-mail info@nikomotors.be
Phone 0032471797979
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

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