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NIMALCO

Active
Private limited companyfounded 20233 yrs activeRue Ernou(Jeh) 5, 4540 Amay, BelgiumKBO/BCE: BE 1000.392.078
Summary

The computed 12-month bankruptcy probability of NIMALCO is 3.7% (moderate). The 2025 annual accounts show equity of €34,708 and a net result of €18,792. Equity is growing by ~98.6% per year across the filed fiscal years. Its solvency ranks better than 45% of 18973 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability88▲+5
Solvency53▲+13
Growth78=
Track record94
Bankruptcy probability, 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.15 in 2024; short-term debt: 62.1% and cash: 34.3% of total assets), and 71.6% 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
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
28.4%
Return on assets
15.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 08-03-2026, 145 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
145 d early
2024
149 d early
2023
162 d early
← 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 152 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 4 March (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 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

On 27 September 2023, NIMALCO was incorporated as a Private limited company.1 Total assets went from EUR 68,393 in 2023 to EUR 122,283 in 2025 and headcount from 0.9 to 6.3 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€34,708▲ 118%
2024 · €15,915
Total assets
€122,283▲ 11.8%
2024 · €109,408
Net result
€18,792▲ 49.3%
2024 · €12,587
Working capital
€30,052▲ 167%
2024 · €11,250
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable unfavourable
Line202320242025
Operating result€892-€16,676▲ 1,770%€25,077▲ 50.4%
Net result€328within the sector's middle half-€12,587within the sector's middle half▲ 3,738%€18,792within the sector's middle half▲ 49.3%
Equity€3,328within the sector's middle half-€15,915within the sector's middle half▲ 378%€34,708within the sector's middle half▲ 118%
Total assets€68,393within the sector's middle half-€109,408within the sector's middle half▲ 60.0%€122,283within the sector's middle half▲ 11.8%
Debt€65,065-€93,493▲ 43.7%€87,576▼ 6.3%
Working capital-€1,572within the sector's middle half-€11,250within the sector's middle half€30,052within the sector's middle half▲ 167%
Solvency4.9%within the sector's middle half-14.5%within the sector's middle half▲ 9.7pp28.4%within the sector's middle half▲ 13.8pp
Current ratio0.96within the sector's middle half-1.15within the sector's middle half▲ 0.181.40within the sector's middle half▲ 0.25
Return on assets (ROA)0.5%within the sector's middle half-11.5%within the sector's middle half▲ 11.0pp15.4%above the sector's middle half▲ 3.9pp
Staff (FTE)0.9-4.4▲ 389%6.3▲ 43.2%
above within below the middle half (P25 to P75) of NACE 47, Retail trade, 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
€0€10,000€20,000€30,000Operating result 2023: €892€892Net result 2023: €328€328Operating result 2024: €16,676€16,676Net result 2024: €12,587€12,587Operating result 2025: €25,077€25,077Net result 2025: €18,792€18,792202320242025€0€10,000€20,000€30,000Operating result 2023: €892€892Net result 2023: €328€328Operating result 2024: €16,676€16,700Net result 2024: €12,587€12,600Operating result 2025: €25,077€25,100Net result 2025: €18,792€18,800202320242025
The operating result has risen two years in a row; 2025 is 50% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122,283
Fixed assets €16,353 ▼ 25.2%
Current assets €105,930 ▲ 21.0%
Equity and liabilities €122,283
Equity €34,708 ▲ 118%
Debt €87,576 ▼ 6.3%
Debt's share of the balance-sheet total falls from 85.5% to 71.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€30,579▲
2024 · €22,177
Cash flow
€24,294▲
2024 · €18,089
Debt to equity
2.52▼
2024 · 5.87
ROE
54.1%▼
2024 · 79.1%
Interest coverage
13.39▲
2024 · 8.89
Debt ≤ 1 year
€75,879▼
2024 · €76,304
Debt > 1 year
€11,697▼
2024 · €17,189
Income taxes
€4,001▲
2024 · €1,594
Staff costs
€218,734▲
2024 · €172,868
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94% 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 3.7% 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 497,341 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% 1.0%
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% 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 7,976 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€109,408€122,283▲
Fixed assets21/28€21,854€16,353▼
Tangible fixed assets22/27€21,854€16,353▼
Furniture and vehicles24€21,854€16,353▼
Current assets29/58€87,554€105,930▲
Amounts receivable within one year40/41€57,812€51,396▼
Trade receivables40€56,405€51,396▼
Other amounts receivable41€1,406-
Cash at bank and in hand54/58€23,763€41,964▲
Deferred charges and accrued income490/1€5,979€12,570▲
Equity and liabilities
Total equity and liabilities10/49€109,408€122,283▲
Equity10/15€15,915€34,708▲
Contributions10/11€3,000€3,000=
Reserves13-€18,500
Distributable reserves133-€18,500
Profit (loss) carried forward14€12,915€13,208▲
Amounts payable17/49€93,493€87,576▼
Amounts payable after more than one year17€17,189€11,697▼
Financial debts170/4€17,189€11,697▼
Amounts payable within one year42/48€76,304€75,879▼
Current portion of amounts payable after more than one year42€5,267€5,492▲
Trade debts44€8,734€6,487▼
Suppliers440/4€8,734€6,487▼
Taxes, remuneration and social security45€62,303€63,900▲
Taxes450/3€15,482€17,212▲
Remuneration and social security454/9€46,821€46,688▼
Income statement Code20242025
Remuneration, social security and pensions62€172,868€218,734▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,501€5,501=
Other operating charges640/8€300€198▼
Gross operating margin9900€195,345€249,511▲
Operating profit (loss)9901€16,676€25,077▲
Financial charges65/66B€2,495€2,284▼
Recurring financial charges65€2,495€2,284▼
Profit (loss) for the period before taxes9903€14,181€22,793▲
Income taxes67/77€1,594€4,001▲
Profit (loss) for the period9904€12,587€18,792▲
Profit (loss) for the period to be appropriated9905€12,587€18,792▲
Appropriation of the result
Profit (loss) to be appropriated9906€12,915€31,708▲
Profit (loss) brought forward from the previous period14P€328€12,915▲
Transfer to equity691/2-€18,500
To other reserves6921-€18,500

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62€35,190€172,868€218,734▲ 26.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€151€5,501€5,501=
Other operating charges640/8-€300€198▼ 33.9%
Gross operating margin9900€36,233€195,345€249,511▲ 27.7%
Operating profit (loss)9901€892€16,676€25,077▲ 50.4%
Financial charges65/66B€450€2,495€2,284▼ 8.4%
Recurring financial charges65€450€2,495€2,284▼ 8.4%
Profit (loss) for the period before taxes9903€442€14,181€22,793▲ 60.7%
Income taxes67/77€114€1,594€4,001▲ 151%
Profit (loss) for the period9904€328€12,587€18,792▲ 49.3%
Profit (loss) for the period to be appropriated9905€328€12,587€18,792▲ 49.3%
Line202320242025Change
Assets
Total assets20/58€68,393€109,408€122,283▲ 11.8%
Fixed assets21/28€27,356€21,854€16,353▼ 25.2%
Tangible fixed assets22/27€27,356€21,854€16,353▼ 25.2%
Furniture and vehicles24€27,356€21,854€16,353▼ 25.2%
Current assets29/58€41,037€87,554€105,930▲ 21.0%
Amounts receivable within one year40/41€35,243€57,812€51,396▼ 11.1%
Trade receivables40€35,243€56,405€51,396▼ 8.9%
Other amounts receivable41-€1,406--
Cash at bank and in hand54/58€5,794€23,763€41,964▲ 76.6%
Deferred charges and accrued income490/1-€5,979€12,570▲ 110%
Equity and liabilities
Total equity and liabilities10/49€68,393€109,408€122,283▲ 11.8%
Equity10/15€3,328€15,915€34,708▲ 118%
Contributions10/11€3,000€3,000€3,000=
Reserves13--€18,500-
Distributable reserves133--€18,500-
Profit (loss) carried forward14€328€12,915€13,208▲ 2.3%
Amounts payable17/49€65,065€93,493€87,576▼ 6.3%
Amounts payable after more than one year17€22,456€17,189€11,697▼ 31.9%
Financial debts170/4€22,456€17,189€11,697▼ 31.9%
Amounts payable within one year42/48€42,609€76,304€75,879▼ 0.6%
Current portion of amounts payable after more than one year42€5,051€5,267€5,492▲ 4.3%
Trade debts44€2,461€8,734€6,487▼ 25.7%
Suppliers440/4€2,461€8,734€6,487▼ 25.7%
Taxes, remuneration and social security45€30,922€62,303€63,900▲ 2.6%
Taxes450/3€9,249€15,482€17,212▲ 11.2%
Remuneration and social security454/9€21,673€46,821€46,688▼ 0.3%
Other amounts payable47/48€4,175---
Line202320242025Change
Profit (loss) for the period9904€328€12,587€18,792▲ 49.3%
+ Depreciation and write-downs630€151€5,501€5,501=
Operating cash flow (approximation)€479€18,089€24,294▲ 34.3%
Investment in fixed assets (approximation)-€0€0-
Change in cash-€17,969€18,201▲ 1.3%

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
08-03
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2023net €18,792 ▲49.3%
Operating result €25,077, net result €18,792, both a record.
04-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
20-02
NBB filing Annual accounts filed
fiscal year 2023 · 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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Amay · 3 establishment units since 2023
seat establishment approximate All 3 establishment units on the map
Ground area
6.1 ha
Building footprint
5,144 m²
Volume, LiDAR
35,830 m³
4 parcels, Wallonia · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
NIMALCO
Rue Joseph Wauters 56, 4300 WaremmeWholesale trade
since 20232.349.847.467
NIMALCO
Rue de Bruxelles 10, 4340 AwansWholesale of perfume and cosmetics
since 20232.349.847.368
NIMALCO
Rue Campagne du Moulin 45, 4470 Saint-Georges-sur-MeuseWholesale trade
since 20242.364.466.654
4 parcels
Wallonia 4 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
64065C0169/00C000 Wallonia 5.0 ha - -
62053A0195/02A000 Wallonia 9,846 m² 1 · 4,948 m² 10.2 m · 2 fl.
61022B0433/00F000 Wallonia 1,130 m² 1 · 145 m² -
64074C0400/00B004 Wallonia 368 m² 1 · 50 m² 10.8 m · 2 fl.
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 2,073 companies in this sector we hold annual accounts for 517. 405 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded27-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47750Retail sale of cosmetics and toilet articles
E-invoicing
Reachable via Peppol
Peppol ID 0208:1000392078
Registered 22-10-2025

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

Register as of 1 October 2026 · Peppol Directory

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