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NiNe Creations

Active
Private limited companyfounded 20233 yrs activeCamiel Paulusstraat 18, 2630 Aartselaar, BelgiumKBO/BCE: BE 0803.895.913
Summary

The computed 12-month bankruptcy probability of NiNe Creations is 2.4% (moderate). The 2025 annual accounts show equity of €62,471 and a net result of €11,329. Its solvency ranks better than 20% of 28374 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
Profitability73▼-16
Solvency43▼-9
Growth52
Track record94
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.86 against 1.11 in 2024; short-term debt: 17.6% and cash: 18% of total assets), but 81.8% of the assets are financed with debt.
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Signals

Five 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
18.2%
Return on assets
3.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 28374 sector peers (2025).
NBB · sector comparison
Position among 28374 sector peers
Solvency
better than 20%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
25 d late
2024
29 d late
← 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 27 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 months
Position in the running window
30-09-2026 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 12 July 2023, NiNe Creations was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

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

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Financials · fiscal year 2025, micro schema

Equity
€62,471▲ 22.2%
2024 · €51,142
Total assets
€343,380▲ 78.5%
2024 · €192,405
Net result
€11,329▼ 63.6%
2024 · €31,142
Working capital
€52,171▲ 657%
2024 · €6,896
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 43, Specialised construction activities, 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
Line20242025
Operating result€42,753-€23,066▼ 46.0%
Net result€31,142above the sector's middle half-€11,329within the sector's middle half▼ 63.6%
Equity€51,142within the sector's middle half-€62,471within the sector's middle half▲ 22.2%
Total assets€192,405within the sector's middle half-€343,380above the sector's middle half▲ 78.5%
Debt€141,263-€280,909▲ 98.9%
Working capital€6,896within the sector's middle half-€52,171within the sector's middle half▲ 657%
Solvency26.6%within the sector's middle half-18.2%below the sector's middle half▼ 8.4pp
Current ratio1.11within the sector's middle half-1.86within the sector's middle half▲ 0.75
Return on assets (ROA)16.2%within the sector's middle half-3.3%within the sector's middle half▼ 12.9pp
Staff (FTE)1.7
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€20,000€40,000Operating result 2024: €42,753€42,753Net result 2024: €31,142€31,142Operating result 2025: €23,066€23,066Net result 2025: €11,329€11,32920242025€0€20,000€40,000Operating result 2024: €42,753€42,800Net result 2024: €31,142€31,100Operating result 2025: €23,066€23,100Net result 2025: €11,329€11,30020242025
The operating result falls in 2025; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €343,380
Fixed assets €230,820 ▲ 84.4%
Current assets €112,560 ▲ 67.3%
Equity and liabilities €343,380
Equity €62,471 ▲ 22.2%
Debt €280,909 ▲ 98.9%
Debt's share of the balance-sheet total rises from 73.4% to 81.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€66,599▼
2024 · €68,089
Cash flow
€54,862▼
2024 · €56,478
Quick ratio
1.62▲
2024 · 0.99
Debt to equity
4.50▲
2024 · 2.76
ROE
18.1%▼
2024 · 60.9%
Interest coverage
6.50▼
2024 · 9.58
Debt ≤ 1 year
€60,389=
2024 · €60,365
Debt > 1 year
€220,520▲
2024 · €80,898
Income taxes
€2,804▼
2024 · €5,630
Staff costs
€29,016
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.5% went bankrupt
1.2% 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 2.4% 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 497,340 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 2,542 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 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€192,405€343,380▲
Fixed assets21/28€125,143€230,820▲
Tangible fixed assets22/27€125,143€230,820▲
Plant, machinery and equipment23€118,419€183,330▲
Furniture and vehicles24€6,725€5,104▼
Other tangible fixed assets26-€42,386
Current assets29/58€67,261€112,560▲
Stocks and contracts in progress3€7,500€15,000▲
Stocks30/36€7,500€15,000▲
Amounts receivable within one year40/41€30,592€31,547▲
Trade receivables40€15,129€31,547▲
Other amounts receivable41€15,463-
Cash at bank and in hand54/58€27,700€61,658▲
Deferred charges and accrued income490/1€1,469€4,355▲
Equity and liabilities
Total equity and liabilities10/49€192,405€343,380▲
Equity10/15€51,142€62,471▲
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14€31,142€42,471▲
Amounts payable17/49€141,263€280,909▲
Amounts payable after more than one year17€80,898€220,520▲
Financial debts170/4€80,898€220,520▲
Amounts payable within one year42/48€60,365€60,389=
Current portion of amounts payable after more than one year42€8,347€30,378▲
Trade debts44€13,994€4,423▼
Suppliers440/4€13,994€4,423▼
Taxes, remuneration and social security45€7,730€11,251▲
Taxes450/3€7,730€5,342▼
Remuneration and social security454/9-€5,909
Other amounts payable47/48€30,293€14,337▼
Income statement Code20242025
Non-recurring operating income76A-€1,711
Remuneration, social security and pensions62-€29,016
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,336€43,533▲
Other operating charges640/8€1,266€1,223▼
Non-recurring operating charges66A€52€2,316▲
Gross operating margin9900€69,408€99,154▲
Operating profit (loss)9901€42,753€23,066▼
Financial income75/76B€1,125€1,313▲
Recurring financial income75€1,125€1,313▲
Financial charges65/66B€7,106€10,246▲
Recurring financial charges65€7,106€10,246▲
Profit (loss) for the period before taxes9903€36,772€14,134▼
Income taxes67/77€5,630€2,804▼
Profit (loss) for the period9904€31,142€11,329▼
Profit (loss) for the period to be appropriated9905€31,142€11,329▼
Appropriation of the result
Profit (loss) to be appropriated9906€31,142€42,471▲
Profit (loss) brought forward from the previous period14P-€31,142

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Non-recurring operating income76A-€1,711-
Remuneration, social security and pensions62-€29,016-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,336€43,533▲ 71.8%
Other operating charges640/8€1,266€1,223▼ 3.5%
Non-recurring operating charges66A€52€2,316▲ 4,362%
Gross operating margin9900€69,408€99,154▲ 42.9%
Operating profit (loss)9901€42,753€23,066▼ 46.0%
Financial income75/76B€1,125€1,313▲ 16.8%
Recurring financial income75€1,125€1,313▲ 16.8%
Financial charges65/66B€7,106€10,246▲ 44.2%
Recurring financial charges65€7,106€10,246▲ 44.2%
Profit (loss) for the period before taxes9903€36,772€14,134▼ 61.6%
Income taxes67/77€5,630€2,804▼ 50.2%
Profit (loss) for the period9904€31,142€11,329▼ 63.6%
Profit (loss) for the period to be appropriated9905€31,142€11,329▼ 63.6%
Line20242025Change
Assets
Total assets20/58€192,405€343,380▲ 78.5%
Fixed assets21/28€125,143€230,820▲ 84.4%
Tangible fixed assets22/27€125,143€230,820▲ 84.4%
Plant, machinery and equipment23€118,419€183,330▲ 54.8%
Furniture and vehicles24€6,725€5,104▼ 24.1%
Other tangible fixed assets26-€42,386-
Current assets29/58€67,261€112,560▲ 67.3%
Stocks and contracts in progress3€7,500€15,000▲ 100%
Stocks30/36€7,500€15,000▲ 100%
Amounts receivable within one year40/41€30,592€31,547▲ 3.1%
Trade receivables40€15,129€31,547▲ 109%
Other amounts receivable41€15,463--
Cash at bank and in hand54/58€27,700€61,658▲ 123%
Deferred charges and accrued income490/1€1,469€4,355▲ 197%
Equity and liabilities
Total equity and liabilities10/49€192,405€343,380▲ 78.5%
Equity10/15€51,142€62,471▲ 22.2%
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14€31,142€42,471▲ 36.4%
Amounts payable17/49€141,263€280,909▲ 98.9%
Amounts payable after more than one year17€80,898€220,520▲ 173%
Financial debts170/4€80,898€220,520▲ 173%
Amounts payable within one year42/48€60,365€60,389=
Current portion of amounts payable after more than one year42€8,347€30,378▲ 264%
Trade debts44€13,994€4,423▼ 68.4%
Suppliers440/4€13,994€4,423▼ 68.4%
Taxes, remuneration and social security45€7,730€11,251▲ 45.5%
Taxes450/3€7,730€5,342▼ 30.9%
Remuneration and social security454/9-€5,909-
Other amounts payable47/48€30,293€14,337▼ 52.7%
Line20242025Change
Profit (loss) for the period9904€31,142€11,329▼ 63.6%
+ Depreciation and write-downs630€25,336€43,533▲ 71.8%
Operating cash flow (approximation)€56,478€54,862▼ 2.9%
Investment in fixed assets (approximation)--€149,210-
Change in cash-€33,958-

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
25-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are 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, Aartselaar · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
626 m²
Building footprint
98 m²
Volume, LiDAR
436 m³
Parcel 11001B0397/00Z006, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NiNe Creations
Camiel Paulusstraat 18, 2630 AartselaarJoinery installation
since 20232.347.341.107
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11001B0397/00Z006 Flanders 626 m² 1 · 98 m² 7.8 m · 2 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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 75 EUR awarded
Year Entries awardedpaid
2025 1 75 EUR0 EUR
Schemes
1 entry · 75 EUR · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Dual-learning approval

1 live approval
Operator CNC-gestuurde houtbewerkingsmachines duaal (so)
Goedgekeurd · 2025 to 2030

Similar companies · same sector, comparable size

Of 20,025 companies in sector 43320 we hold annual accounts for 9,140. 7,566 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
Founded12-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43332Laying of wooden floor and wall coverings
Contact
E-invoicing
Reachable via Peppol
Peppol ID 0208:0803895913
Also 9925:BE0803895913
Registered 15-11-2025

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

Register as of 30 September 2026 · Peppol Directory

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