Nippon
ActiveNippon has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €18k. Equity is growing by ~39.9% per year across the filed fiscal years. Its solvency ranks better than 47% of 13270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+75
Solvency52▲+18
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.41 against 1.74 in 2024; short-term debt: 37.3% and cash: 11.6% of total assets), but 73.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
26.6%
Return on assets
15.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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 filingsDeviation from the deadline
2025
46 d late
2024
56 d late
2023
12 d late
2022
on the day
2021
1 d early
2020
65 d early
2019
1 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▲ 145%
2024 · €13k
2018: €-39k
2019: €-20k
2020: €-35k
2021: €-8k
2022: €6k
2023: €48k
2024: €13k
2018 → 2025
Total assets
€117k▼ 13.1%
2024 · €135k
2018: €327k
2019: €314k
2020: €265k
2021: €278k
2022: €282k
2023: €141k
2024: €135k
2018 → 2025
Net result
€18k
2024 · €-35k
2018: €6k
2019: €19k
2020: €-15k
2021: €27k
2022: €14k
2023: €42k
2024: €-35k
2018 → 2025
Working capital
€62k▲ 20.8%
2024 · €51k
2018: €-164k
2019: €-143k
2020: €-144k
2021: €-114k
2022: €-106k
2023: €67k
2024: €51k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-8k-€6k€48k▲ 697%€13k▼ 73.4%€31k▲ 145%
Operating result€34k-€25k▼ 27.1%€69k▲ 176%€-23k€31k
Net result€27k-€14k▼ 50.8%€42k▲ 210%€-35k€18k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €31k after a loss of €23k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €117k
Fixed assets
€12k▼ 18.1%
Current assets
€106k▼ 12.5%
Equity and liabilities €117k
Equity
€31k▲ 145%
Debt
€86k▼ 29.6%
The debt ratio falls from 90.6% to 73.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€34k▲
2024 · €-20k
Cash flow
€21k▲
2024 · €-33k
Solvency
26.6%▲
2024 · 9.4%
Current ratio
2.41▲
2024 · 1.74
Quick ratio
2.02▲
2024 · 1.48
Debt / equity
2.76▼
2024 · 9.60
ROE
59.2%▲
2024 · -275.4%
ROA
15.7%▲
2024 · -26.0%
Interest coverage
4.35▲
2024 · -2.14
Debt
€86k▼
2024 · €122k
Debt ≤ 1 year
€44k▼
2024 · €70k
Debt > 1 year
€34k▼
2024 · €47k
Income taxes
€5k▲
2024 · €3k
Staff costs
€66k▼
2024 · €81k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€135k€117k▼
Fixed assets21/28€14k€12k▼
Tangible fixed assets22/27€14k€12k▼
Plant, machinery and equipment23€14k€11k▼
Furniture and vehicles24€682€298▼
Current assets29/58€121k€106k▼
Stocks and contracts in progress3€17k€17k▼
Stocks30/36€17k€17k▼
Amounts receivable within one year40/41€67k€49k▼
Trade receivables40€18k€10k▼
Other amounts receivable41€49k€38k▼
Cash at bank and in hand54/58€15k€14k▼
Deferred charges and accrued income490/1€22k€26k▲
Equity and liabilities
Total equity and liabilities10/49€135k€117k▼
Equity10/15€13k€31k▲
Contributions10/11€20k€20k=
Reserves13€28k€28k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€26k€26k=
Profit (loss) carried forward14€-35k€-17k▲
Amounts payable17/49€122k€86k▼
Amounts payable after more than one year17€47k€34k▼
Financial debts170/4€47k€34k▼
Amounts payable within one year42/48€70k€44k▼
Current portion of amounts payable after more than one year42€37k€15k▼
Trade debts44€16k€13k▼
Suppliers440/4€10k€11k▲
Bills of exchange payable441€6k€1k▼
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€2k-
Remuneration and social security454/9€5k€6k▲
Other amounts payable47/48€10k€10k▲
Accrued charges and deferred income492/3€5k€8k▲
Income statement
Code20242025
Non-recurring operating income76A€232€93▼
Remuneration, social security and pensions62€81k€66k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€7k€2k▼
Gross operating margin9900€67k€101k▲
Operating profit (loss)9901€-23k€31k▲
Financial income75/76B€341€6▼
Recurring financial income75€341€6▼
Financial charges65/66B€10k€8k▼
Recurring financial charges65€10k€8k▼
Profit (loss) for the period before taxes9903€-32k€23k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€-35k€18k▲
Profit (loss) for the period to be appropriated9905€-35k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-35k€-17k▲
Profit (loss) brought forward from the previous period14P-€-35k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 46 days late
2025
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Weakest financial yearnet €-35k ▼184%
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Highest result since 2018net €42k ▲210%
Operating result €69k, net result €42k, both a record.
31-12
Financial
Liquidity times 5current ratio 2.10
Current ratio from 0.41 to 2.10; short-term debt falls from €182k to €61k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Tournai · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Bourdon St. Jacques(TOU) 12-147500 Tournai1 establishment unit
Nippon SPRL
since 20042.134.630.894
Recognitions · licences · registrations
Food safety, FASFC
1 siteTournai2.134.630.894
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 9,503 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-12-2003
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filings
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0475/ 38 27 42