Equity
-€303,419
Debts exceed assets in financial year 2025.
Ninavar
Lifetime
19 annual accounts with figures on one time axis, 28 filings since 1998peak €65,000 (2024)
€38,928▼ 40.1%
lowest -€130,868 (2015)
€17,270▼ 60.4%
peak -€27,598 (2007)
-€303,419▲ €17,270
€451,143▼ 11.7%
Board1 name since 2000
1 director
Documentsfilings and deeds
30-04-2026on the last day
2025micro format
Gross margin from €65,000 to €38,928Result from €43,593 to €17,270Cash from €1,940 to €925
Key points
from the 2025 annual accountsProfit
9 years
9 profitable years in a row. Profit 2025: €17,270.
Turnover
≈ €100,000 estimated
The micro format states no turnover.
Debts
€451,143 305% of the balance sheet
Financial debts 10%Suppliers 17%Taxes and wages 0%Other 73%
Of this, €405,261 falls due within a year.
Filings
28 annual accounts since 1998
The 2019 accounts came 28 days late. The other nine of the last ten were filed on time.
Position in the sector
-205.4%
Lower solvency than 95% of companies in crop and animal production. Sector median 33.4% · 4,032 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,795 companies had the same profile as Ninavar has now. Each dot stands for 10 companies, two years later.
91.4%
were still trading
5.4%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,795 companies, not a prediction for Ninavar. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0459688443
First establishment
NINAVAR BVBA, Steenovenstraat 59, Tielt
Incorporation
published on 11-01-1997 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Ninavar Tielt | €147,724 | €38,928 | -205.4% | - |
| JEMO Harelbeke | €156,655 | €43,790 | -19.0% | - |
| VAJA Koekelare | €161,544 | €35,920 | -126.7% | - |
| D'HOGE SCHEURE Ichtegem | €116,548 | €25,809 | 47.8% | - |
| Vieille Leuze Somme-Leuze | €125,424 | €28,410 | 49.6% | - |
| AVARCO Lievegem | €163,478 | €43,696 | 39.4% | - |
| HEERLYCKHEYD VAN HASSELT Roeselare | €166,341 | €19,009 | -159.6% | - |
These companies have the same main activity as Ninavar: pig breeding farms (NACE 01461). They are comparable in size and age: total assets between €117,000 and €166,000, founded between 1991 and 1999.
Official details
Source: KBO- Status
- Active since 31-12-1996Normal situation
- Activity
- Pig breeding farmsNACE 01461and 1 other
- Establishment unit
- 2.081.331.1768760 Tielt, since 11-04-1997
- Financial year end
- 30 September
- Peppol
- Reachable since 23-03-2025
Annual accounts to 30-09-2025
- €147,724▼ 22.4%
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on Ninavar
Ninavar files the micro format. That format states no turnover. The gross margin rose from -€6,302 in 2007 to €38,928 in 2025.
The balance sheet grew most in 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Ninavar
- What is the company number of Ninavar?
- The company number of Ninavar is 0459.688.443. The VAT number is the same number with BE in front: BE 0459.688.443.
- Where is Ninavar based?
- The registered office is at Steenovenstraat 59, 8760 Tielt.Company details
- What does Ninavar do?
- According to the KBO register, the main activity is pig breeding farms (NACE 01461).
- What is the legal form of Ninavar?
- Ninavar is a private limited company (pre-2019) (BVBA).
- When was Ninavar founded?
- Ninavar was founded on 31-12-1996.
- Is Ninavar still active?
- Yes, Ninavar is an active enterprise in the KBO register.
- What is the turnover of Ninavar?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €38,928 and 40 comparable companies (NACE 01). It probably lies between €69,000 and €160,000.Financials
- Is Ninavar profitable?
- In financial year 2025, Ninavar made a profit of €17,270.
- Where can I find the annual accounts of Ninavar?
- Ninavar filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Ninavar due?
- Ninavar must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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