Nilars & Co
ActiveSummary
The computed 12-month bankruptcy probability of Nilars & Co is 1.5% (moderate). The 2025 annual accounts show equity of €124,982 and a net result of €52,239. Equity is growing by ~105.2% per year across the filed fiscal years. Its solvency ranks better than 62% of 1327 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability98▼-1
Solvency82▼-18
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.96 against 1.89 in 2024; short-term debt: 22.6% and cash: 12.8% of total assets), and 43.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% 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 2025Solvency, return and age of the figures
Solvency
56.7%
Return on assets
23.7%
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 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
25 d early
2024
11 d early
2023
17 d early
2022
12 d early
2021
22 d early
2020
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€41,426
EBIT margin
0.9%
Net result
€52,239▲ 153%
2024 · €20,685
Working capital
-€2,163
2024 · €10,149
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and 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€41,426
Operating result€391▼ 92.8%€17,767▲ 4,445%€44,476▲ 150%€27,989▼ 37.1%€84,441▲ 202%
Net result€224below the sector's middle half▼ 94.5%€13,512within the sector's middle half▲ 5,935%€34,218within the sector's middle half▲ 153%€20,685within the sector's middle half▼ 39.6%€52,239above the sector's middle half▲ 153%
EBIT margin0.9%
Equity€4,329below the sector's middle half▲ 5.5%€17,840below the sector's middle half▲ 312%€52,058within the sector's middle half▲ 192%€72,743within the sector's middle half▲ 39.7%€124,982within the sector's middle half▲ 71.8%
Total assets€13,932below the sector's middle half▲ 70.0%€25,927below the sector's middle half▲ 86.1%€64,677within the sector's middle half▲ 149%€84,198within the sector's middle half▲ 30.2%€220,601within the sector's middle half▲ 162%
Debt€9,603▲ 135%€8,087▼ 15.8%€12,619▲ 56.1%€11,456▼ 9.2%€95,619▲ 735%
Working capital€1,498below the sector's middle half▼ 63.5%€15,918within the sector's middle half▲ 963%-€4,838below the sector's middle half€10,149within the sector's middle half-€2,163below the sector's middle half
Solvency31.1%within the sector's middle half▼ 19.0pp68.8%above the sector's middle half▲ 37.7pp80.5%above the sector's middle half▲ 11.7pp86.4%above the sector's middle half▲ 5.9pp56.7%within the sector's middle half▼ 29.7pp
Current ratio1.16within the sector's middle half▼ 0.852.97within the sector's middle half▲ 1.810.62below the sector's middle half▼ 2.351.89within the sector's middle half▲ 1.270.96below the sector's middle half▼ 0.93
Return on assets (ROA)1.6%within the sector's middle half▼ 48.5pp52.1%above the sector's middle half▲ 50.5pp52.9%above the sector's middle half▲ 0.8pp24.6%above the sector's middle half▼ 28.3pp23.7%above the sector's middle half▼ 0.9pp
Staff (FTE)11
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, 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 recovers in 2025; 2025 is 202% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €220,601
Fixed assets
€172,808 ▲ 176%
Current assets
€47,792 ▲ 121%
Equity and liabilities €220,601
Equity
€124,982 ▲ 71.8%
Debt
€95,619 ▲ 735%
Debt's share of the balance-sheet total rises from 13.6% to 43.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€118,611▲
2024 · €42,866
Cash flow
€86,409▲
2024 · €35,561
Debt to equity
0.77▲
2024 · 0.16
ROE
41.8%▲
2024 · 28.4%
Interest coverage
9.82▼
2024 · 161.05
Debt ≤ 1 year
€49,956▲
2024 · €11,456
Debt > 1 year
€45,663
Income taxes
€20,124▲
2024 · €7,038
Staff costs
€20,168▲
2024 · €17,645
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,662 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 26,970 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 | €41,426 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €41,575 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €5,178 | €17,645 | €20,168 | ▲ 14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €613 | €909 | €7,929 | €14,877 | €34,170 | ▲ 130% |
| Other operating charges640/8 | €421 | €528 | €1,189 | €1,794 | €3,178 | ▲ 77.1% |
| Gross operating margin9900 | €1,425 | €19,204 | €58,771 | €62,304 | €141,957 | ▲ 128% |
| Operating profit (loss)9901 | €391 | €17,767 | €44,476 | €27,989 | €84,441 | ▲ 202% |
| Financial income75/76B | - | €0 | - | €0 | €0 | ▼ 75.0% |
| Recurring financial income75 | - | €0 | - | €0 | €0 | ▼ 75.0% |
| Financial charges65/66B | €253 | €267 | €281 | €266 | €12,078 | ▲ 4,438% |
| Recurring financial charges65 | €253 | €267 | €281 | €266 | €12,078 | ▲ 4,438% |
| Profit (loss) for the period before taxes9903 | €138 | €17,500 | €44,195 | €27,723 | €72,363 | ▲ 161% |
| Income taxes67/77 | -€86 | €3,988 | €9,977 | €7,038 | €20,124 | ▲ 186% |
| Profit (loss) for the period9904 | €224 | €13,512 | €34,218 | €20,685 | €52,239 | ▲ 153% |
| Profit (loss) for the period to be appropriated9905 | €224 | €13,512 | €34,218 | €20,685 | €52,239 | ▲ 153% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,932 | €25,927 | €64,677 | €84,198 | €220,601 | ▲ 162% |
| Fixed assets21/28 | €2,831 | €1,922 | €56,896 | €62,594 | €172,808 | ▲ 176% |
| Tangible fixed assets22/27 | €2,831 | €1,922 | €56,896 | €62,594 | €172,808 | ▲ 176% |
| Plant, machinery and equipment23 | €1,595 | €1,237 | €328 | €17,498 | €19,836 | ▲ 13.4% |
| Furniture and vehicles24 | €1,236 | €685 | €56,568 | €45,096 | €152,972 | ▲ 239% |
| Current assets29/58 | €11,101 | €24,005 | €7,781 | €21,604 | €47,792 | ▲ 121% |
| Amounts receivable within one year40/41 | €520 | €1,303 | €5,511 | €8,070 | €19,612 | ▲ 143% |
| Trade receivables40 | - | - | €4,362 | €2,065 | €9,147 | ▲ 343% |
| Other amounts receivable41 | €520 | €1,303 | €1,149 | €6,005 | €10,465 | ▲ 74.3% |
| Cash at bank and in hand54/58 | €10,581 | €22,702 | €2,270 | €13,534 | €28,180 | ▲ 108% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,932 | €25,927 | €64,677 | €84,198 | €220,601 | ▲ 162% |
| Equity10/15 | €4,329 | €17,840 | €52,058 | €72,743 | €124,982 | ▲ 71.8% |
| Reserves13 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Distributable reserves133 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €329 | €13,840 | €48,058 | €68,743 | €120,982 | ▲ 76.0% |
| Amounts payable17/49 | €9,603 | €8,087 | €12,619 | €11,456 | €95,619 | ▲ 735% |
| Amounts payable after more than one year17 | - | - | - | - | €45,663 | - |
| Financial debts170/4 | - | - | - | - | €45,663 | - |
| Amounts payable within one year42/48 | €9,603 | €8,087 | €12,619 | €11,456 | €49,956 | ▲ 336% |
| Financial debts43 | - | - | - | - | €34,247 | - |
| Credit institutions430/8 | - | - | - | - | €34,247 | - |
| Trade debts44 | €298 | €548 | - | - | - | - |
| Suppliers440/4 | €298 | €548 | - | - | - | - |
| Taxes, remuneration and social security45 | €9,013 | €7,539 | €12,619 | €11,456 | €15,708 | ▲ 37.1% |
| Taxes450/3 | - | €3,800 | €10,000 | €6,500 | €13,000 | ▲ 100% |
| Remuneration and social security454/9 | €9,013 | €3,739 | €2,619 | €4,956 | €2,708 | ▼ 45.3% |
| Other amounts payable47/48 | €292 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €224 | €13,512 | €34,218 | €20,685 | €52,239 | ▲ 153% |
| + Depreciation and write-downs630 | €613 | €909 | €7,929 | €14,877 | €34,170 | ▲ 130% |
| Operating cash flow (approximation) | €837 | €14,421 | €42,146 | €35,561 | €86,409 | ▲ 143% |
| Investment in fixed assets (approximation) | - | €0 | -€62,903 | -€20,575 | -€144,385 | ▼ 602% |
| Change in cash | - | €12,121 | -€20,432 | €11,264 | €14,646 | ▲ 30.0% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €52,239 ▲153%
Operating result €84,441, net result €52,239, both a record.
31-12
Financial
Equity above €100,000Eq €124,982 ▲71.8%
6 profitable years in a row build equity to €124,982.
20-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 1.89
Current ratio from 0.62 to 1.89; short-term debt falls from €12,619 to €11,456.
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 2.97
Current ratio from 1.16 to 2.97; short-term debt falls from €9,603 to €8,087.
09-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €224 ▼94.5%
Net result drops to €224, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2019
Ground area
150 m²
Building footprint
150 m²
Volume, LiDAR
1,181 m³
Parcel 11809I2412/00S020, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Nilars & Co
since 20192.294.335.654
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2412/00S020 | Flanders | 150 m² | 1 · 150 m² | 9.7 m · 3 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 1,226 companies in sector 33200 we hold annual accounts for 679. 536 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
Founded19-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0734663053
Also
9925:BE0734663053
Registered
12-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.