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NIOBE

Active
Private limited company (pre-2019)founded 200520 yrs activeKortrijksesteenweg 62, 9830 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0876.407.668
Summary

NIOBE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €184,113 and a net result of €8,109. Equity remains stable across the filed fiscal years (±1.1% per year). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability41▲+3
Solvency60=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 1.99 against 1.96 in 2023; short-term debt: 49.6% and cash: 0% of total assets), but 64.7% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
26 d late
2023
56 d late
2022
208 d late
2021
135 d late
2020
495 d late
2019
122 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 174 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
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 3 October 2005, NIOBE was incorporated.1 Gauri Ratan has served as director of the company since 2026.2 Total assets went from EUR 264,544 in 2018 to EUR 522,233 in 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 21-09-2026
  3. 3National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€184,113▲ 4.6%
2023 · €176,004
Total assets
€522,233▲ 2.5%
2023 · €509,510
Net result
€8,109▲ 317%
2023 · €1,943
Working capital
€257,037▲ 4.1%
2023 · €247,028
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€3,987▼ 84.3%-€120-€897▼ 646%-€6,134▼ 584%-€5,634▲ 8.2%
Net result-€1,123-€382▲ 66.0%-€227▲ 40.5%€1,943€8,109▲ 317%
Equity€174,670▼ 0.6%€174,288▼ 0.2%€174,061▼ 0.1%€176,004▲ 1.1%€184,113▲ 4.6%
Total assets€499,882▲ 35.0%€499,503▼ 0.1%€500,680▲ 0.2%€509,510▲ 1.8%€522,233▲ 2.5%
Debt€325,212▲ 67.1%€325,215=€326,619▲ 0.4%€333,506▲ 2.1%€338,120▲ 1.4%
Working capital€245,694▼ 0.5%€454,915▲ 85.2%€245,085▼ 46.1%€247,028▲ 0.8%€257,037▲ 4.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000€10,000Operating result 2020: €3,987€3,987Net result 2020: -€1,123-€1,123Operating result 2021: -€120-€120Net result 2021: -€382-€382Operating result 2022: -€897-€897Net result 2022: -€227-€227Operating result 2023: -€6,134-€6,134Net result 2023: €1,943€1,943Operating result 2024: -€5,634-€5,634Net result 2024: €8,109€8,10920202021202220232024-€10,000-€5,000€0€5,000€10,000Operating result 2022: -€897-€897Net result 2022: -€227-€227Operating result 2023: -€6,134-€6,130Net result 2023: €1,943€1,940Operating result 2024: -€5,634-€5,630Net result 2024: €8,109€8,110202220232024
The operating result stays negative: a loss of €5,634 in 2024 against €6,134 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €522,233
Fixed assets €6,200 =
Current assets €516,033 ▲ 2.5%
Equity and liabilities €522,233
Equity €184,113 ▲ 4.6%
Debt €338,120 ▲ 1.4%
Debt's share of the balance-sheet total falls from 65.5% to 64.7%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
1.99▲
2023 · 1.96
Debt to equity
1.84▼
2023 · 1.89
ROE
4.4%▲
2023 · 1.1%
ROA
1.6%▲
2023 · 0.4%
Debt ≤ 1 year
€258,995▲
2023 · €256,282
Debt > 1 year
€77,224=
2023 · €77,224
Income taxes
€2,805▲
2023 · €57
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 14,733 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 · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€509,510€522,233▲
Fixed assets21/28€6,200€6,200=
Financial fixed assets28€6,200€6,200=
Current assets29/58€503,310€516,033▲
Amounts receivable within one year40/41€503,295€499,469▼
Trade receivables40€24,500€24,500=
Other amounts receivable41€478,795€474,969▼
Cash at bank and in hand54/58€15€15=
Deferred charges and accrued income490/1-€16,549
Equity and liabilities
Total equity and liabilities10/49€509,510€522,233▲
Equity10/15€176,004€184,113▲
Contributions10/11€175,000€175,000=
Reserves13€1,084€1,084=
Non-distributable reserves130/1€1,084€1,084=
Reserves not available under the articles1311€1,084€1,084=
Profit (loss) carried forward14-€81€8,029▲
Amounts payable17/49€333,506€338,120▲
Amounts payable after more than one year17€77,224€77,224=
Other amounts payable178/9€77,224€77,224=
Amounts payable within one year42/48€256,282€258,995▲
Trade debts44€215,601€215,580=
Suppliers440/4€215,601€215,580=
Taxes, remuneration and social security45€57€2,791▲
Taxes450/3€57€2,791▲
Other amounts payable47/48€40,624€40,624=
Accrued charges and deferred income492/3-€1,900
Income statement Code20232024
Other operating charges640/8€634€1,581▲
Gross operating margin9900-€5,500-€4,054▲
Operating profit (loss)9901-€6,134-€5,634▲
Financial income75/76B€9,394€16,549▲
Recurring financial income75€9,394€16,549▲
Financial charges65/66B€1,260-
Recurring financial charges65€1,260-
Profit (loss) for the period before taxes9903€2,000€10,915▲
Income taxes67/77€57€2,805▲
Profit (loss) for the period9904€1,943€8,109▲
Profit (loss) for the period to be appropriated9905€1,943€8,109▲
Appropriation of the result
Profit (loss) to be appropriated9906-€81€8,029▲
Profit (loss) brought forward from the previous period14P-€2,023-€81▲

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8€719€120€897€634€1,581▲ 149%
Gross operating margin9900€4,706---€5,500-€4,054▲ 26.3%
Operating profit (loss)9901€3,987-€120-€897-€6,134-€5,634▲ 8.2%
Financial income75/76B--€1,708€9,394€16,549▲ 76.2%
Recurring financial income75--€1,708€9,394€16,549▲ 76.2%
Financial charges65/66B€5,110€262€1,038€1,260--
Recurring financial charges65€5,110€262€1,038€1,260--
Profit (loss) for the period before taxes9903-€1,123-€382-€227€2,000€10,915▲ 446%
Income taxes67/77---€57€2,805▲ 4,811%
Profit (loss) for the period9904-€1,123-€382-€227€1,943€8,109▲ 317%
Profit (loss) for the period to be appropriated9905-€1,123-€382-€227€1,943€8,109▲ 317%
Line20202021202220232024Change
Assets
Total assets20/58€499,882€499,503€500,680€509,510€522,233▲ 2.5%
Fixed assets21/28€6,200€6,200€6,200€6,200€6,200=
Financial fixed assets28€6,200€6,200€6,200€6,200€6,200=
Current assets29/58€493,682€493,303€494,480€503,310€516,033▲ 2.5%
Amounts receivable within one year40/41€492,972€492,972€494,464€503,295€499,469▼ 0.8%
Trade receivables40€24,678€24,678€24,500€24,500€24,500=
Other amounts receivable41€468,294€468,294€469,964€478,795€474,969▼ 0.8%
Cash at bank and in hand54/58€710€332€17€15€15=
Deferred charges and accrued income490/1----€16,549-
Equity and liabilities
Total equity and liabilities10/49€499,882€499,503€500,680€509,510€522,233▲ 2.5%
Equity10/15€174,670€174,288€174,061€176,004€184,113▲ 4.6%
Contributions10/11€175,000€175,000€175,000€175,000€175,000=
Reserves13€1,084€1,084€1,084€1,084€1,084=
Non-distributable reserves130/1€1,084€1,084€1,084€1,084€1,084=
Reserves not available under the articles1311€1,084€1,084€1,084€1,084€1,084=
Profit (loss) carried forward14-€1,414-€1,796-€2,023-€81€8,029▲ 10,071%
Amounts payable17/49€325,212€325,215€326,619€333,506€338,120▲ 1.4%
Amounts payable after more than one year17€77,224€286,827€77,224€77,224€77,224=
Other amounts payable178/9€77,224€286,827€77,224€77,224€77,224=
Amounts payable within one year42/48€247,988€38,389€249,395€256,282€258,995▲ 1.1%
Trade debts44€174€174€209,598€215,601€215,580=
Suppliers440/4€174€174€209,598€215,601€215,580=
Taxes, remuneration and social security45€1,267--€57€2,791▲ 4,786%
Taxes450/3€1,267--€57€2,791▲ 4,786%
Other amounts payable47/48€246,547€38,215€39,796€40,624€40,624=
Accrued charges and deferred income492/3----€1,900-
Line20202021202220232024Change
Profit (loss) for the period9904-€1,123-€382-€227€1,943€8,109▲ 317%
Operating cash flow (approximation)-€1,123-€382-€227€1,943€8,109▲ 317%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€379-€315-€1€0▲ 100%

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

2026
21-09
State Gazette act Appointment: Gauri Ratan (director)
Resignation: Navanshu Saharan (director) · Director discharge4 facts ▸
  • General meeting, 12-08-2026
  • Director appointment, Gauri Ratan (director)
  • Director resignation, Navanshu Saharan (director)
  • Director discharge, Navanshu Saharan
2025
26-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
25-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
24-02
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 208 days late
2023
31-12
Financial Back to profitnet €1,943
Net result €1,943 after 3 loss-making years.
2022
13-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 135 days late
08-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 495 days late
2021
31-12
Financial Liquidity times 6current ratio 12.85
Current ratio from 1.99 to 12.85; short-term debt falls from €247,988 to €38,389.
2020
30-11
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-12
Financial Back to profitnet €25,135
Net result €25,135 after one loss-making year.
08-10
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 69 days late
2018
30-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-09
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
2016
22-09
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 53 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts

Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 director, last change in 2026
Gauri Ratan
Director · since 12-08-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 2005
seat establishment The establishment unit on the map
Ground area
1.5 ha
Building footprint
1,160 m²
Volume, LiDAR
9,711 m³
2 parcels, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
26 companies at this address See who is registered here
1 establishment unit
NIOBE
Vogelsanck 5, 2970 SchildeNACE 70120
since 20052.149.230.483
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11041C0192/00E000 Flanders 1.2 ha 1 · 240 m² 10.8 m · 2 fl.
44064B0243/00G002
ProtectedMonumentKunstenaarswoning George MinneSource ↗
Flanders 3,578 m² 1 · 920 m² 12.7 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Mandate history

2 people since 2026, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Gauri Ratan
  • Director, from 12-08-2026 to date
Navanshu Saharan
  • Director, until 12-08-2026
See the board, name and seat on a given date →

Structure & network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded03-10-2005
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

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Register as of 28 September 2026 · Peppol Directory

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