Summary
NIO has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €233,489 and a net result of €61,925. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 62% of 163 sector peers (NACE 53, financial year 2025). The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Equity
€233,489▲ 0.4%
2024 · €232,564
Total assets
€540,924▼ 3.3%
2024 · €559,307
Net result
€61,925▲ 35.7%
2024 · €45,650
Working capital
-€178,494▼ 8.7%
2024 · -€164,270
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 35% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€89,145
2025
Net result€61,925
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€540,924
2025
Equity€233,489
2025
Debt€307,435
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€178,494
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)11.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency43.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.04
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 53, Postal and courier 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
Line20182019202020212022202320242025
Operating result€17,470-€48,218▲ 176%€79,026▲ 63.9%€89,844▲ 13.7%€96,386▲ 7.3%€102,838▲ 6.7%€65,989▼ 35.8%€89,145▲ 35.1%
Net result€8,981-€22,530▲ 151%€48,767within the sector's middle half▲ 116%€58,295within the sector's middle half▲ 19.5%€67,679within the sector's middle half▲ 16.1%€66,290within the sector's middle half▼ 2.1%€45,650within the sector's middle half▼ 31.1%€61,925above the sector's middle half▲ 35.7%
Equity€53,353-€75,882▲ 42.2%€124,650within the sector's middle half▲ 64.3%€182,944within the sector's middle half▲ 46.8%€200,623within the sector's middle half▲ 9.7%€246,914within the sector's middle half▲ 23.1%€232,564within the sector's middle half▼ 5.8%€233,489within the sector's middle half▲ 0.4%
Total assets€368,043-€294,496▼ 20.0%€324,074within the sector's middle half▲ 10.0%€350,119within the sector's middle half▲ 8.0%€371,242within the sector's middle half▲ 6.0%€322,151below the sector's middle half▼ 13.2%€559,307within the sector's middle half▲ 73.6%€540,924within the sector's middle half▼ 3.3%
Debt€314,690-€218,613▼ 30.5%€199,425▼ 8.8%€167,175▼ 16.2%€170,619▲ 2.1%€75,237▼ 55.9%€326,744▲ 334%€307,435▼ 5.9%
Working capital-€3,595--€25,025▼ 596%-€14,265below the sector's middle half▲ 43.0%€3,911within the sector's middle half-€10,444below the sector's middle half-€40,265below the sector's middle half▼ 286%-€164,270below the sector's middle half▼ 308%-€178,494below the sector's middle half▼ 8.7%
Solvency14.5%-25.8%▲ 11.3pp38.5%within the sector's middle half▲ 12.7pp52.3%above the sector's middle half▲ 13.8pp54.0%above the sector's middle half▲ 1.8pp76.6%above the sector's middle half▲ 22.6pp41.6%within the sector's middle half▼ 35.1pp43.2%within the sector's middle half▲ 1.6pp
Current ratio0.96-0.42▼ 0.550.77below the sector's middle half▲ 0.351.06within the sector's middle half▲ 0.290.90below the sector's middle half▼ 0.160.19below the sector's middle half▼ 0.710.14below the sector's middle half▼ 0.050.04below the sector's middle half▼ 0.10
Return on assets (ROA)2.4%-7.7%▲ 5.2pp15.0%above the sector's middle half▲ 7.4pp16.6%above the sector's middle half▲ 1.6pp18.2%above the sector's middle half▲ 1.6pp20.6%above the sector's middle half▲ 2.3pp8.2%within the sector's middle half▼ 12.4pp11.4%within the sector's middle half▲ 3.3pp
above
within
below
the middle half of NACE 53, Postal and courier 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 abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €540,924
Fixed assets
€533,334 =
Current assets
€7,591 ▼ 70.8%
Equity and liabilities €540,924
Equity
€233,489 ▲ 0.4%
Debt
€307,435 ▼ 5.9%
Debt's share of the balance-sheet total falls from 58.4% to 56.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
26.5%▲
2024 · 19.6%
Debt ≤ 1 year
€186,085▼
2024 · €190,244
Debt > 1 year
€120,000▼
2024 · €135,000
Income taxes
€22,653▲
2024 · €17,508
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,493 | €3,170 | €3,532 | €3,740 | €4,042 | €13,423 | - | - | - |
| Other operating charges640/8 | - | - | - | €1,780 | €101 | €16,290 | €1,662 | €90 | ▼ 94.6% |
| Gross operating margin9900 | €19,188 | €51,798 | €86,158 | €95,363 | €100,528 | €132,551 | €67,652 | €89,235 | ▲ 31.9% |
| Operating profit (loss)9901 | €17,470 | €48,218 | €79,026 | €89,844 | €96,386 | €102,838 | €65,989 | €89,145 | ▲ 35.1% |
| Financial income75/76B | - | - | - | - | €0 | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | €0 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €3,340 | €2,579 | €3,991 | €2,831 | €4,566 | ▲ 61.3% |
| Recurring financial charges65 | €3,589 | €11,508 | €5,693 | €3,340 | €2,579 | €3,991 | €2,831 | €4,566 | ▲ 61.3% |
| Profit (loss) for the period before taxes9903 | €13,881 | €36,710 | €73,334 | €86,504 | €93,807 | €98,847 | €63,158 | €84,578 | ▲ 33.9% |
| Income taxes67/77 | €4,900 | €14,180 | €24,567 | €28,209 | €26,128 | €32,557 | €17,508 | €22,653 | ▲ 29.4% |
| Profit (loss) for the period9904 | €8,981 | €22,530 | €48,767 | €58,295 | €67,679 | €66,290 | €45,650 | €61,925 | ▲ 35.7% |
| Profit (loss) for the period to be appropriated9905 | €8,981 | €22,530 | €48,767 | €58,295 | €67,679 | €66,290 | €45,650 | €61,925 | ▲ 35.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €368,043 | €294,496 | €324,074 | €350,119 | €371,242 | €322,151 | €559,307 | €540,924 | ▼ 3.3% |
| Fixed assets21/28 | €269,529 | €276,538 | €276,855 | €278,532 | €274,920 | €312,835 | €533,334 | €533,334 | = |
| Tangible fixed assets22/27 | €2,862 | €9,871 | €10,189 | €11,866 | €8,253 | €46,168 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €7,015 | €5,179 | €5,345 | - | - | - |
| Furniture and vehicles24 | - | - | - | €1,755 | €711 | €35,886 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €3,095 | €2,363 | €4,937 | - | - | - |
| Financial fixed assets28 | €266,667 | €266,667 | €266,667 | €266,667 | €266,667 | €266,667 | €533,334 | €533,334 | = |
| Current assets29/58 | €98,514 | €17,958 | €47,219 | €71,587 | €96,323 | €9,316 | €25,974 | €7,591 | ▼ 70.8% |
| Amounts receivable within one year40/41 | €60,370 | €1,870 | €12,285 | €12,285 | €29,157 | - | - | €151 | - |
| Trade receivables40 | - | - | - | - | €15,000 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €12,285 | €14,157 | - | - | €151 | - |
| Cash at bank and in hand54/58 | €37,581 | €15,725 | €34,537 | €58,864 | €67,029 | €8,366 | €25,889 | €6,926 | ▼ 73.2% |
| Deferred charges and accrued income490/1 | - | - | - | €438 | €137 | €949 | €85 | €514 | ▲ 502% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €368,043 | €294,496 | €324,074 | €350,119 | €371,242 | €322,151 | €559,307 | €540,924 | ▼ 3.3% |
| Equity10/15 | €53,353 | €75,882 | €124,650 | €182,944 | €200,623 | €246,914 | €232,564 | €233,489 | ▲ 0.4% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €34,753 | €57,282 | €106,050 | €164,344 | €182,023 | €228,314 | €213,964 | €214,889 | ▲ 0.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €162,484 | €180,163 | €228,314 | €213,964 | €214,889 | ▲ 0.4% |
| Amounts payable17/49 | €314,690 | €218,613 | €199,425 | €167,175 | €170,619 | €75,237 | €326,744 | €307,435 | ▼ 5.9% |
| Amounts payable after more than one year17 | €212,581 | €175,631 | €137,941 | €99,499 | €60,289 | €25,656 | €135,000 | €120,000 | ▼ 11.1% |
| Financial debts170/4 | - | - | - | €99,499 | €60,289 | €25,656 | €135,000 | €120,000 | ▼ 11.1% |
| Amounts payable within one year42/48 | €102,109 | €42,983 | €61,484 | €67,676 | €106,767 | €49,581 | €190,244 | €186,085 | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €41,611 | €42,443 | €14,628 | €15,000 | €19,167 | ▲ 27.8% |
| Trade debts44 | €60,411 | €1,160 | €288 | €1,209 | €4,161 | €2,179 | €933 | €944 | ▲ 1.2% |
| Suppliers440/4 | - | - | - | €1,209 | €4,161 | €2,179 | €933 | €944 | ▲ 1.2% |
| Taxes, remuneration and social security45 | - | - | - | €21,676 | €5,205 | €12,557 | €33,805 | €26,901 | ▼ 20.4% |
| Taxes450/3 | - | - | - | €18,676 | €3,000 | €12,557 | €31,805 | €26,901 | ▼ 15.4% |
| Remuneration and social security454/9 | - | - | - | €3,000 | €2,205 | - | €2,000 | - | - |
| Other amounts payable47/48 | - | - | - | €3,179 | €54,958 | €20,217 | €140,506 | €139,074 | ▼ 1.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3,563 | - | €1,500 | €1,350 | ▼ 10.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,981 | €22,530 | €48,767 | €58,295 | €67,679 | €66,290 | €45,650 | €61,925 | ▲ 35.7% |
| + Depreciation and write-downs630 | €1,493 | €3,170 | €3,532 | €3,740 | €4,042 | €13,423 | - | - | - |
| Operating cash flow (approximation) | €10,474 | €25,700 | €52,299 | €62,035 | €71,721 | €79,713 | €45,650 | €61,925 | ▲ 35.7% |
| Investment in fixed assets (approximation) | - | -€10,179 | -€3,850 | -€5,417 | -€429 | -€51,338 | -€220,499 | €0 | - |
| Change in cash | - | -€21,856 | €18,812 | €24,327 | €8,165 | -€58,662 | €17,522 | -€18,963 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00231680 |
| 31-12-2024 | abbreviated format | 27-06-2025 | 2025-00196086 |
| 31-12-2023 | abbreviated format | 28-06-2024 | 2024-00175123 |
| 31-12-2022 | abbreviated format | 26-06-2023 | 2023-00156451 |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20110399 |
| 31-12-2020 | abbreviated format | 07-07-2021 | 2021-32100487 |
| 31-12-2019 | micro format | 06-08-2020 | 2020-39200424 |
| 31-12-2018 | micro format | 02-09-2019 | 2019-58400079 |
| 31-12-2017 | micro format | 13-08-2018 | 2018-44800596 |
| 31-12-2016 | micro format | 28-06-2017 | 2017-21900161 |
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Of the 4,936 active companies whose main activity is other postal and courier activities (NACE 53200), figures are known for 1,313. 847 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.