NIKON METROLOGY, AFGEKORT : M.I.H.
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2025.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€157.7M
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 04-08-2025, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 d early
2024
130 d late
2023
25 d early
2022
39 d early
2021
13 d early
2020
23 d early
2019
31 d early
← before the deadline
after the deadline →
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 close15-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
€30.08M▲ 32.6%
2024 · €22.68M
2019: €18.20M
2020: €22.07M
2021: €17.99M
2022: €24.03M
2023: €24.69M
2024: €22.68M
2019 → 2025
EBIT margin
-24.0%▲ 45.2pp
2024 · -69.2%
2019: -27.6%
2020: -3.6%
2021: 0.5%
2022: -0.3%
2023: -2.0%
2024: -69.2%
2019 → 2025
Net result
€-12.71M▲ 39.8%
2024 · €-21.12M
2019: €-4.12M
2020: €-343k
2021: €-98k
2022: €283k
2023: €-577k
2024: €-21.12M
2019 → 2025
Working capital
€-172.93M▼ 20.0%
2024 · €-144.08M
2019: €-145.23M
2020: €-146.31M
2021: €-119.51M
2022: €-120.16M
2023: €-123.60M
2024: €-144.08M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€17.99M-€24.03M▲ 33.5%€24.69M▲ 2.8%€22.68M▼ 8.1%€30.08M▲ 32.6%
Equity€-123.58M-€-123.29M▲ 0.2%€-123.87M▼ 0.5%€-144.99M▼ 17.1%€-157.70M▼ 8.8%
Operating result€82k-€-63k€-493k▼ 683%€-15.71M▼ 3,085%€-7.22M▲ 54.0%
Net result€-98k-€283k€-577k€-21.12M▼ 3,559%€-12.71M▲ 39.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7.22M in 2025 against €15.71M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75.86M
Fixed assets
€16.13M▼ 24.6%
Current assets
€59.73M▼ 27.0%
Key figures and ratios
EBITDA
€-2.16M▲
2024 · €-6.60M
Cash flow
€-7.65M▲
2024 · €-12.01M
Solvency
-207.9%▼
2024 · -140.4%
Current ratio
0.26▼
2024 · 0.36
Quick ratio
0.26▼
2024 · 0.36
Debt / equity
-1.48▲
2024 · -1.71
ROE
8.1%▼
2024 · 14.6%
ROA
-16.7%▲
2024 · -20.5%
Interest coverage
-0.25▲
2024 · -0.74
Debt
€233.10M▼
2024 · €248.15M
Debt ≤ 1 year
€232.66M▲
2024 · €225.95M
Income taxes
€954
Staff costs
€5.42M▼
2024 · €5.81M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€103.25M€75.86M▼
Fixed assets21/28€21.39M€16.13M▼
Intangible fixed assets21€19.18M€14.98M▼
Tangible fixed assets22/27€217k€164k▼
Plant, machinery and equipment23€36k€42k▲
Furniture and vehicles24€142k€89k▼
Other tangible fixed assets26€38k€33k▼
Financial fixed assets28€1.99M€985k▼
Affiliated companies280/1€1.99M€985k▼
Participating interests280€854k€0▼
Amounts receivable281€1.13M€985k▼
Other financial fixed assets284/8€3k-
Amounts receivable and cash guarantees285/8€3k-
Current assets29/58€81.87M€59.73M▼
Amounts receivable within one year40/41€79.34M€58.37M▼
Trade receivables40€26.30M€28.68M▲
Other amounts receivable41€53.03M€29.69M▼
Cash at bank and in hand54/58€2.34M€1.20M▼
Deferred charges and accrued income490/1€191k€163k▼
Equity and liabilities
Total equity and liabilities10/49€103.25M€75.86M▼
Equity10/15€-144.99M€-157.70M▼
Contributions10/11€171.43M€171.43M=
Capital10€97.22M€97.22M=
Issued capital100€97.22M€97.22M=
Outside capital11€74.21M€74.21M=
Share premium1100/10€74.21M€74.21M=
Reserves13€576€576=
Non-distributable reserves130/1€576€576=
Legal reserve130€576€576=
Profit (loss) carried forward14€-316.42M€-329.13M▼
Provisions and deferred taxes16€97k€463k▲
Provisions for liabilities and charges160/5€97k€463k▲
Pensions and similar obligations160€97k€75k▼
Other liabilities and charges164/5-€389k
Amounts payable17/49€248.15M€233.10M▼
Amounts payable after more than one year17€21.60M-
Financial debts170/4€21.60M-
Other loans174€21.60M-
Amounts payable within one year42/48€225.95M€232.66M▲
Current portion of amounts payable after more than one year42€5.90M€21.60M▲
Financial debts43€170.00M€169.50M▼
Other loans439€170.00M€169.50M▼
Trade debts44€29.76M€17.31M▼
Suppliers440/4€29.76M€17.31M▼
Taxes, remuneration and social security45€1.07M€1.00M▼
Taxes450/3€116k€135k▲
Remuneration and social security454/9€957k€870k▼
Other amounts payable47/48€19.22M€23.25M▲
Accrued charges and deferred income492/3€601k€438k▼
Income statement
Code20242025
Operating income70/76A€33.65M€37.03M▲
Turnover70€22.68M€30.08M▲
Own construction capitalised72€9.99M€6.04M▼
Other operating income74€980k€797k▼
Non-recurring operating income76A-€113k
Operating charges60/66A€49.36M€44.25M▼
Services and other goods61€14.20M€12.37M▼
Remuneration, social security and pensions62€5.81M€5.42M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9.11M€5.06M▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€20k€-22k▼
Other operating charges640/8€12.56M€14.85M▲
Non-recurring operating charges66A€7.66M€6.57M▼
Operating profit (loss)9901€-15.71M€-7.22M▲
Financial income75/76B€4.06M€3.73M▼
Recurring financial income75€4.06M€3.73M▼
Income from current assets751€3.86M€2.51M▼
Other financial income752/9€205k€1.22M▲
Financial charges65/66B€9.48M€9.21M▼
Recurring financial charges65€9.48M€9.21M▼
Debt charges650€8.95M€8.58M▼
Other financial charges652/9€521k€632k▲
Profit (loss) for the period before taxes9903€-21.12M€-12.70M▲
Income taxes67/77-€954
Taxes670/3-€954
Profit (loss) for the period9904€-21.12M€-12.71M▲
Profit (loss) for the period to be appropriated9905€-21.12M€-12.71M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-316.42M€-329.13M▼
Profit (loss) brought forward from the previous period14P€-295.30M€-316.42M▼
Social balance
Average headcount (FTE)908757.555.6▼
The notes to these accounts (84 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
16-12
State Gazette act
General meeting · Merger
Capital increase · Share issue · Louis-Philippe Marcelis
24-10
State Gazette act
Merger · Accounting effect
Power of attorney
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 130 days late
2024
04-06
State Gazette act
Board meeting · Permanent representative
Power of attorney
04-06
State Gazette act
Board meeting · Permanent representative
Director resignation
31-03
Financial
Weakest financial yearnet €-21.12M
Net result drops to €-21.12M, the lowest in the series.
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Back to profitnet €283k
Net result €283k after 3 loss-making years.
2021
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
09-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 343 days late
2016
16-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Ownership & control
1 partyNIKON METROLOGY, AFGEKORT : M.I.H.BE 0463.581.707
controls
Where this company holds controlthis company sits on their board1
2 locations
Acquisitions and mergers
1 transactionTaken over by:NIKON METROLOGY EUROPE
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 3,781 EUR awarded · 3,781 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,258 EUR | 2,258 EUR |
| 2023 | 1 | 1,523 EUR | 1,523 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
9676003K8YSTRD16T588