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NIMA PROJECTS

Active
Private limited companyfounded 2023active for 3 yearsGotemstraat 30, 3840 Tongeren-Borgloon, BelgiumKBO/BCE: BE 0802.996.682
Summary

The computed 12-month bankruptcy probability of NIMA PROJECTS is 2.0% (moderate). The 2025 annual accounts show equity of €11,779 and a net result of €448. Its solvency ranks better than 10% of 34,678 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Other specialised construction activities
NACE 43990
1 site
Size
€291,471total assets 2025
Equity
€11,779
Profit
€448
Turnover not published (micro format)
Financial health
52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.0%
Structure
Accounts 25 days early0 of 1 deed read
Why 52raises riskFounded in 2023Sector: Specialised construction activities (NACE 43)Liquidity: current ratio 1.04, cash €5,471lowers riskSize: total assets €291,471Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 19% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Weak
Solvency 29-2
equity 4.0% of total assets
Liquidity 2-5
short-term debt 96.0% · cash 1.9%
Profitability 36-6
return on assets 0.2%
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,613 companies, NACE 43, micro)
Last 24 months 11-2024: 2.4% 12-2024: 2.7%▲ +0.3 percentage points vs 11-2024 01-2025: 3.0%▲ +0.3 percentage points vs 12-2024 02-2025: 3.0%● unchanged vs 01-2025 03-2025: 2.9%▼ -0.1 percentage points vs 02-2025 04-2025: 2.9%● unchanged vs 03-2025 05-2025: 3.2%▲ +0.3 percentage points vs 04-2025 06-2025: 3.3%▲ +0.1 percentage points vs 05-2025 07-2025: 3.3%● unchanged vs 06-2025highest value 08-2025: 2.7%▼ -0.6 percentage points vs 07-2025 09-2025: 2.7%● unchanged vs 08-2025 10-2025: 2.7%● unchanged vs 09-2025 11-2025: 2.7%● unchanged vs 10-2025 12-2025: 2.7%● unchanged vs 11-2025 01-2026: 2.6%▼ -0.1 percentage points vs 12-2025 02-2026: 2.5%▼ -0.1 percentage points vs 01-2026 03-2026: 2.3%▼ -0.2 percentage points vs 02-2026 04-2026: 2.4%▲ +0.1 percentage points vs 03-2026 05-2026: 2.5%▲ +0.1 percentage points vs 04-2026 06-2026: 2.4%▼ -0.1 percentage points vs 05-2026 07-2026: 2.5%▲ +0.1 percentage points vs 06-2026 08-2026: 1.9%▼ -0.6 percentage points vs 07-2026lowest value 09-2026: 2.0%▲ +0.1 percentage points vs 08-2026 10-2026: 2.0%● unchanged vs 09-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity tight (current ratio 1.04, compared with 1.06 in 2024, below the usual 1.5; short-term debt: 96% and cash: 1.9% of total assets), and 96% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 10% on solvency, 3% on liquidity, 18% on profitability and 45% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Size: total assets €291,471
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.04, cash €5,471
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 34678 sector peers (2025).
NBB · sector comparison
Position among 34678 sector peers
Solvency
better than 10%
← weakest strongest →
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 · 2 filings
Deviation from the deadline
2025
25 days early
2024
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 14 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2025, micro format

Equity
€11,779▲ 4.0%
2024 · €11,331
Total assets
€291,471▲ 65.6%
2024 · €175,967
Net result
€448▼ 66.3%
2024 · €1,331
Working capital
€10,828▲ 4.9%
2024 · €10,327
Trend over the years

2024 to 2025, 2 financial years

The operating result rises in 2025; 2025 is 3% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€2,157 2025 Net result€448 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€2,093-€2,157▲ 3.0%
Net result€1,331within the sector's middle half-€448within the sector's middle half▼ 66.3%
Equity€11,331below the sector's middle half-€11,779below the sector's middle half▲ 4.0%
Total assets€175,967within the sector's middle half-€291,471within the sector's middle half▲ 65.6%
Debt€164,636-€279,692▲ 69.9%
Working capital€10,327within the sector's middle half-€10,828within the sector's middle half▲ 4.9%
Solvency6.4%below the sector's middle half-4.0%below the sector's middle half▼ 2.4pp
Current ratio1.06below the sector's middle half-1.04below the sector's middle half▼ 0.02
Return on assets (ROA)0.8%within the sector's middle half-0.2%below the sector's middle half▼ 0.6pp
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €291,471
Fixed assets €951 ▼ 5.3%
Current assets €290,520 ▲ 66.0%
Equity and liabilities €291,471
Equity €11,779 ▲ 4.0%
Debt €279,692 ▲ 69.9%
Debt's share of the balance-sheet total rises from 93.6% to 96.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2,210▲
2024 · €2,150
Cash flow
€501▼
2024 · €1,387
Quick ratio
0.15▼
2024 · 0.17
Debt to equity
23.75▲
2024 · 14.53
ROE
3.8%▼
2024 · 11.7%
Interest coverage
2.03▼
2024 · 2.66
Debt ≤ 1 year
€279,692▲
2024 · €164,636
Income taxes
€626▼
2024 · €840
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92.0% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
5.2% went bankrupt
2.4% stopped otherwise
92.0% 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 2.0% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,135 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 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€175,967€291,471▲
Fixed assets21/28€1,004€951▼
Tangible fixed assets22/27€1,004€951▼
Plant, machinery and equipment23€1,004€951▼
Current assets29/58€174,963€290,520▲
Stocks and contracts in progress3€147,474€248,467▲
Stocks30/36€102,474€203,467▲
Contracts in progress37€45,000€45,000=
Amounts receivable within one year40/41€18,150€36,583▲
Trade receivables40€18,150€31,406▲
Other amounts receivable41-€5,177
Cash at bank and in hand54/58€9,340€5,471▼
Equity and liabilities
Total equity and liabilities10/49€175,967€291,471▲
Equity10/15€11,331€11,779▲
Contributions10/11€10,000€10,000=
Reserves13€1,331€1,779▲
Distributable reserves133€1,331€1,779▲
Amounts payable17/49€164,636€279,692▲
Amounts payable within one year42/48€164,636€279,692▲
Financial debts43-€84,492
Credit institutions430/8-€84,492
Trade debts44€3,278€28,681▲
Suppliers440/4€3,278€28,681▲
Taxes, remuneration and social security45€2,219€938▼
Taxes450/3€2,219€938▼
Other amounts payable47/48€159,139€165,581▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56€53▼
Other operating charges640/8€1,744€865▼
Gross operating margin9900€3,894€3,074▼
Operating profit (loss)9901€2,093€2,157▲
Financial income75/76B€885€5▼
Recurring financial income75€885€5▼
Financial charges65/66B€807€1,088▲
Recurring financial charges65€807€1,088▲
Profit (loss) for the period before taxes9903€2,171€1,074▼
Income taxes67/77€840€626▼
Profit (loss) for the period9904€1,331€448▼
Profit (loss) for the period to be appropriated9905€1,331€448▼
Appropriation of the result
Profit (loss) to be appropriated9906€1,331€448▼
Transfer to equity691/2€1,331€448▼
To other reserves6921€1,331€448▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56€53▼ 5.8%
Other operating charges640/8€1,744€865▼ 50.4%
Gross operating margin9900€3,894€3,074▼ 21.0%
Operating profit (loss)9901€2,093€2,157▲ 3.0%
Financial income75/76B€885€5▼ 99.5%
Recurring financial income75€885€5▼ 99.5%
Financial charges65/66B€807€1,088▲ 34.7%
Recurring financial charges65€807€1,088▲ 34.7%
Profit (loss) for the period before taxes9903€2,171€1,074▼ 50.5%
Income taxes67/77€840€626▼ 25.5%
Profit (loss) for the period9904€1,331€448▼ 66.3%
Profit (loss) for the period to be appropriated9905€1,331€448▼ 66.3%
Line20242025Change
Assets
Total assets20/58€175,967€291,471▲ 65.6%
Fixed assets21/28€1,004€951▼ 5.3%
Tangible fixed assets22/27€1,004€951▼ 5.3%
Plant, machinery and equipment23€1,004€951▼ 5.3%
Current assets29/58€174,963€290,520▲ 66.0%
Stocks and contracts in progress3€147,474€248,467▲ 68.5%
Stocks30/36€102,474€203,467▲ 98.6%
Contracts in progress37€45,000€45,000=
Amounts receivable within one year40/41€18,150€36,583▲ 102%
Trade receivables40€18,150€31,406▲ 73.0%
Other amounts receivable41-€5,177-
Cash at bank and in hand54/58€9,340€5,471▼ 41.4%
Equity and liabilities
Total equity and liabilities10/49€175,967€291,471▲ 65.6%
Equity10/15€11,331€11,779▲ 4.0%
Contributions10/11€10,000€10,000=
Reserves13€1,331€1,779▲ 33.7%
Distributable reserves133€1,331€1,779▲ 33.7%
Amounts payable17/49€164,636€279,692▲ 69.9%
Amounts payable within one year42/48€164,636€279,692▲ 69.9%
Financial debts43-€84,492-
Credit institutions430/8-€84,492-
Trade debts44€3,278€28,681▲ 775%
Suppliers440/4€3,278€28,681▲ 775%
Taxes, remuneration and social security45€2,219€938▼ 57.8%
Taxes450/3€2,219€938▼ 57.8%
Other amounts payable47/48€159,139€165,581▲ 4.0%
Line20242025Change
Profit (loss) for the period9904€1,331€448▼ 66.3%
+ Depreciation and write-downs630€56€53▼ 5.8%
Operating cash flow (approximation)€1,387€501▼ 63.9%
Investment in fixed assets (approximation)-€0-
Change in cash--€3,868-

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

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2025 micro format 06-07-2026 2026-00265435
31-12-2024 micro format 29-07-2025 2025-00320597

Similar companies · same sector, comparable size

Of the 15,150 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,367. 4,322 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 21 June 2023, NIMA PROJECTS was incorporated as a private limited company.1 The company has filed 2 sets of annual accounts, the latest for financial year 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
06-07
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
29-07
NBB filing Annual accounts filed
financial year 2024 · micro format
NBB filing
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not 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.

Register details

Identification
Legal formPrivate limited company
Founded21-06-2023
Financial year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43350Other building finishing work
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0802996682
Registered 13-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 24 October 2026 · Peppol Directory

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

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0802.996.682

Environmental permits

1 application in Flanders since 2025
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging
Not legally valid on 23-12-2025submitted 04-12-2025Notificationauthority: Tongeren-Borgloonproject 2025148058

Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Tongeren-Borgloon · 1 establishment unit since 2023
registered office establishment The establishment unit on the map
Ground area
764 m²
Building footprint
191 m²
Building volume
836 m³
Parcel 73017A0175/00V000, Flanders · tallest building 6.1 m. Linked by address, not a title deed.
1 establishment unit
NIMA PROJECTS
Gotemstraat 30, 3840 Tongeren-BorgloonOther specialised construction activities
since 2023unit no. 2.346.496.910
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
73017A0175/00V000 Flanders 764 m² 1 · 191 m² 6.1 m · 1
How the parcels are linked
Good to know
The parcel matches the address exactly.