NIRCO
ActiveSummary
NIRCO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €12k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 63% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▼-2
Solvency94▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 3.0 against 2.68 in 2024; short-term debt: 31.4% and cash: 65.3% of total assets), and 31.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 2025Solvency, return and age of the figures
Solvency
68.6%
Return on assets
19.9%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €42k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
155 d early
2023
54 d early
2022
87 d early
2021
46 d early
2020
59 d early
2019
51 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▲ 40.8%
2024 · €30k
Total assets
€61k▲ 43.0%
2024 · €43k
Net result
€12k▲ 30.3%
2024 · €9k
Working capital
€38k▲ 76.0%
2024 · €22k
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
Line20212022202320242025
Operating result€45k▼ 13.3%€45k▼ 0.3%€46k▲ 2.3%€12k▼ 73.1%€16k▲ 26.6%
Net result€37k▼ 10.6%€35k▼ 4.3%€36k▲ 2.4%€9k▼ 74.3%€12k▲ 30.3%
Equity€20k=€20k=€20k=€30k▲ 45.6%€42k▲ 40.8%
Total assets€67k▼ 7.5%€67k▲ 1.0%€68k▲ 0.6%€43k▼ 36.7%€61k▲ 43.0%
Debt€46k▼ 10.4%€47k▲ 1.4%€47k▲ 0.8%€13k▼ 72.5%€19k▲ 48.0%
Working capital€-729€5k€8k▲ 56.1%€22k▲ 170%€38k▲ 76.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 27% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets
€4k ▼ 55.1%
Current assets
€58k ▲ 65.5%
Equity and liabilities €61k
Equity
€42k ▲ 40.8%
Debt
€19k ▲ 48.0%
Debt's share of the balance-sheet total rises from 30.3% to 31.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20k▲
2024 · €17k
Cash flow
€17k▲
2024 · €14k
Current ratio
3.00▲
2024 · 2.68
Debt to equity
0.46▲
2024 · 0.43
ROE
29.0%▼
2024 · 31.3%
ROA
19.9%▼
2024 · 21.8%
Interest coverage
161.00▲
2024 · 77.60
Debt ≤ 1 year
€19k▲
2024 · €13k
Income taxes
€3k▲
2024 · €3k
Staff costs
€165▲
2024 · €162
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €135 | €841 | €157 | €162 | €165 | ▲ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €813 | €4k | €4k | €4k | €4k | = |
| Other operating charges640/8 | €431 | €1k | €579 | €2k | €784 | ▼ 55.1% |
| Gross operating margin9900 | €47k | €52k | €51k | €19k | €21k | ▲ 12.5% |
| Operating profit (loss)9901 | €45k | €45k | €46k | €12k | €16k | ▲ 26.6% |
| Financial income75/76B | €0 | - | €1 | €30 | €77 | ▲ 155% |
| Recurring financial income75 | €0 | - | €1 | €30 | €77 | ▲ 155% |
| Financial charges65/66B | €324 | €385 | €301 | €216 | €125 | ▼ 42.4% |
| Recurring financial charges65 | €324 | €385 | €301 | €216 | €125 | ▼ 42.4% |
| Profit (loss) for the period before taxes9903 | €45k | €45k | €46k | €12k | €16k | ▲ 28.1% |
| Income taxes67/77 | €8k | €9k | €10k | €3k | €3k | ▲ 20.9% |
| Profit (loss) for the period9904 | €37k | €35k | €36k | €9k | €12k | ▲ 30.3% |
| Profit (loss) for the period to be appropriated9905 | €37k | €35k | €36k | €9k | €12k | ▲ 30.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67k | €67k | €68k | €43k | €61k | ▲ 43.0% |
| Fixed assets21/28 | €21k | €17k | €12k | €8k | €4k | ▼ 55.1% |
| Tangible fixed assets22/27 | €21k | €17k | €12k | €8k | €4k | ▼ 55.1% |
| Land and buildings22 | €21k | €17k | €12k | €8k | €4k | ▼ 55.1% |
| Current assets29/58 | €45k | €50k | €55k | €35k | €58k | ▲ 65.5% |
| Amounts receivable within one year40/41 | €32k | €26k | €22k | €18k | €18k | ▼ 3.6% |
| Trade receivables40 | €30k | €23k | €21k | €18k | €18k | ▼ 1.3% |
| Other amounts receivable41 | €2k | €3k | €1k | €429 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €13k | €24k | €33k | €16k | €40k | ▲ 142% |
| Deferred charges and accrued income490/1 | €0 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67k | €67k | €68k | €43k | €61k | ▲ 43.0% |
| Equity10/15 | €20k | €20k | €20k | €30k | €42k | ▲ 40.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €11k | €23k | ▲ 109% |
| Non-distributable reserves130/1 | €2k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €0 | - | - | - | - |
| Distributable reserves133 | - | €2k | €2k | €11k | €23k | ▲ 109% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €46k | €47k | €47k | €13k | €19k | ▲ 48.0% |
| Amounts payable within one year42/48 | €46k | €45k | €47k | €13k | €19k | ▲ 48.0% |
| Trade debts44 | €755 | €163 | €486 | €112 | €563 | ▲ 404% |
| Suppliers440/4 | €755 | €163 | €486 | €112 | €563 | ▲ 404% |
| Taxes, remuneration and social security45 | €6k | €5k | €4k | €4k | €9k | ▲ 104% |
| Taxes450/3 | €6k | €5k | €4k | €4k | €9k | ▲ 104% |
| Other amounts payable47/48 | €39k | €40k | €43k | €9k | €10k | ▲ 15.0% |
| Accrued charges and deferred income492/3 | - | €2k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €35k | €36k | €9k | €12k | ▲ 30.3% |
| + Depreciation and write-downs630 | €813 | €4k | €4k | €4k | €4k | = |
| Operating cash flow (approximation) | €38k | €40k | €41k | €14k | €17k | ▲ 20.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €12k | €8k | €-16k | €23k | ▲ 244% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €9k ▼74.3%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 2.68
Current ratio from 1.17 to 2.68; short-term debt falls from €47k to €13k.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Herentals · 1 establishment unit since 2014
Ground area
1,823 m²
Building footprint
225 m²
Volume, LiDAR
476 m³
Parcel 13011B0443/00B002, Flanders · tallest building 12.9 m. Linked by address, not a title deed.
1 establishment unit
NIRCO
since 20142.238.211.256
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13011B0443/00B002 | Flanders | 1,823 m² | 1 · 225 m² | 12.9 m |
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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 37,034 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
Founded24-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
63920Other information service activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.