NIRCO
Annual accounts 2025
micro format, filed on 22-05-2026, 70 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €97,000. Estimated: probably between €46,000 and €200,000.
Balance sheet
balance sheet total €61,139 on 31-12-2025in euro
in euro
Position in the sector
68.6%
Higher than 64% of 39,368 companies in 2025.
3.00
Higher than 63% of 38,051 companies in 2025.
19.9%
Higher than 58% of 38,523 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
61,139 | 42,752 | 67,582 | 67,207 | 66,574 | 71,948 | 66,425 | 212,004 | 162,704 | 144,524 | 117,773 | |
20 |
- | - | - | - | - | - | - | 0 | - | - | - | |
21/28 |
3,588 | 7,988 | 12,389 | 16,789 | 21,189 | - | - | 0 | 5,468 | 10,936 | 16,404 | |
21 |
- | - | - | - | - | - | - | 0 | - | - | - | |
22/27 |
3,588 | 7,988 | 12,389 | 16,789 | 21,189 | - | - | 0 | 5,468 | 10,936 | 16,404 | |
22 |
3,588 | 7,988 | 12,389 | 16,789 | 21,189 | - | - | 0 | - | - | - | |
23 |
- | - | - | - | - | - | - | 0 | - | - | - | |
24 |
- | - | - | - | - | - | - | 0 | 5,468 | 10,936 | 16,404 | |
26 |
- | - | - | - | - | - | - | 0 | - | - | - | |
27 |
- | - | - | - | - | - | - | 0 | - | - | - | |
28 |
- | - | - | - | - | - | - | 0 | - | - | - | |
29/58 |
57,551 | 34,764 | 55,194 | 50,418 | 45,385 | 71,948 | 66,425 | 212,004 | 157,236 | 133,588 | 101,369 | |
29 |
- | - | - | - | - | - | - | 0 | - | - | - | |
290 |
- | - | - | - | - | - | - | 0 | - | - | - | |
291 |
- | - | - | - | - | - | - | 0 | - | - | - | |
3 |
- | - | - | - | - | - | - | 0 | - | - | - | |
30/36 |
- | - | - | - | - | - | - | 0 | - | - | - | |
37 |
- | - | - | - | - | - | - | 0 | - | - | - | |
40/41 |
17,642 | 18,301 | 22,426 | 25,981 | 32,458 | 25,874 | 8,894 | 141,676 | 129,309 | 22,465 | 59,591 | |
40 |
17,642 | 17,872 | 21,325 | 23,220 | 30,370 | 25,874 | 8,894 | 21,826 | 19,312 | 18,888 | 19,398 | |
41 |
0 | 429 | 1,102 | 2,762 | 2,089 | - | 0 | 119,850 | 109,998 | 3,577 | 40,193 | |
50/53 |
- | - | - | - | - | - | - | 0 | - | - | - | |
54/58 |
39,909 | 16,463 | 32,767 | 24,437 | 12,927 | 45,075 | 55,531 | 70,328 | 27,927 | 111,123 | 41,778 | |
490/1 |
- | - | - | - | 0 | 1,000 | 2,000 | 0 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
61,139 | 42,752 | 67,582 | 67,207 | 66,574 | 71,948 | 66,425 | 212,004 | 162,704 | 144,524 | 117,773 | |
10/15 |
41,961 | 29,795 | 20,460 | 20,460 | 20,460 | 20,460 | 20,460 | 20,460 | 151,099 | 116,123 | 79,611 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 0 | 6,200 | 6,200 | 6,200 | |
11 |
- | - | - | - | - | - | - | 0 | - | - | - | |
1100/10 |
- | - | - | - | - | - | - | 0 | - | - | - | |
12 |
- | - | - | - | - | - | - | 0 | - | - | - | |
13 |
23,361 | 11,195 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 138,699 | 103,723 | 67,211 | |
130/1 |
- | - | - | 0 | 1,860 | 1,860 | - | 0 | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 0 | 1,860 | 1,860 | - | - | - | - | - | |
1312 |
- | - | - | - | - | - | - | 0 | - | - | - | |
1319 |
- | - | - | - | - | - | - | 0 | - | - | - | |
132 |
- | - | - | - | - | - | - | 0 | - | - | - | |
133 |
23,361 | 11,195 | 1,860 | 1,860 | - | - | - | 0 | 136,839 | 101,863 | 65,351 | |
14 |
- | 0 | 0 | 0 | 0 | - | - | 0 | - | - | - | |
15 |
- | - | - | - | - | - | - | 0 | - | - | - | |
19 |
- | - | - | - | - | - | - | 0 | - | - | - | |
16 |
- | - | - | - | - | - | - | 0 | - | - | - | |
160/5 |
- | - | - | - | - | - | - | 0 | - | - | - | |
160 |
- | - | - | - | - | - | - | 0 | - | - | - | |
161 |
- | - | - | - | - | - | - | 0 | - | - | - | |
162 |
- | - | - | - | - | - | - | 0 | - | - | - | |
163 |
- | - | - | - | - | - | - | 0 | - | - | - | |
164/5 |
- | - | - | - | - | - | - | 0 | - | - | - | |
168 |
- | - | - | - | - | - | - | 0 | - | - | - | |
17/49 |
19,178 | 12,957 | 47,122 | 46,747 | 46,114 | 51,488 | 45,965 | 191,544 | 11,606 | 28,401 | 38,162 | |
17 |
- | - | - | - | - | - | - | 0 | 863 | 5,966 | 10,942 | |
170/4 |
- | - | - | - | - | - | - | 0 | 863 | 5,966 | 10,942 | |
175 |
- | - | - | - | - | - | - | 0 | - | - | - | |
176 |
- | - | - | - | - | - | - | 0 | - | - | - | |
178/9 |
- | - | - | - | - | - | - | 0 | - | - | - | |
42/48 |
19,178 | 12,957 | 47,122 | 45,247 | 46,114 | 51,488 | 45,965 | 191,544 | 10,743 | 22,436 | 27,219 | |
42 |
- | - | - | - | - | - | 0 | 863 | 5,103 | 4,977 | 4,854 | |
43 |
- | - | - | - | - | - | - | 0 | - | - | - | |
430/8 |
- | - | - | - | - | - | - | 0 | - | - | - | |
439 |
- | - | - | - | - | - | - | 0 | - | - | - | |
44 |
563 | 112 | 486 | 163 | 755 | 0 | 85 | 0 | 86 | 58 | 12 | |
440/4 |
563 | 112 | 486 | 163 | 755 | 0 | 85 | 0 | 86 | 58 | 12 | |
441 |
- | - | - | - | - | - | - | 0 | - | - | - | |
46 |
- | - | - | - | - | - | - | 0 | - | - | - | |
45 |
8,827 | 4,333 | 3,984 | 4,968 | 5,889 | 5,105 | 10,137 | 36,027 | 5,554 | 17,401 | 22,353 | |
450/3 |
8,827 | 4,333 | 3,984 | 4,968 | 5,889 | 5,105 | 10,137 | 36,027 | 5,554 | 17,401 | 22,353 | |
454/9 |
- | - | - | - | - | - | - | 0 | - | - | - | |
47/48 |
9,788 | 8,512 | 42,652 | 40,116 | 39,471 | 46,384 | 35,742 | 154,654 | - | - | - | |
492/3 |
- | - | 0 | 1,500 | - | - | - | 0 | - | - | - | |
| Income statement | ||||||||||||
9900 |
21,030 | 18,699 | 51,271 | 51,559 | 46,626 | 52,829 | 46,446 | 53,993 | 51,073 | 56,226 | 102,917 | |
62 |
165 | 162 | 157 | 841 | 135 | 133 | 130 | 127 | 124 | 121 | 120 | |
630 |
4,400 | 4,400 | 4,400 | 4,400 | 813 | - | 0 | 5,468 | 5,468 | 5,468 | 5,468 | |
631/4 |
- | - | - | - | - | - | - | 0 | - | - | - | |
635/8 |
- | - | - | - | - | - | - | 0 | - | - | - | |
640/8 |
784 | 1,748 | 579 | 1,199 | 431 | 507 | 722 | 550 | 540 | 608 | 1,031 | |
649 |
- | - | - | - | - | - | - | 0 | - | - | - | |
66A |
- | - | - | - | - | - | - | 0 | - | - | - | |
9901 |
15,681 | 12,389 | 46,135 | 45,118 | 45,247 | 52,189 | 45,594 | 47,848 | 44,942 | 50,028 | 96,298 | |
75/76B |
77 | 30 | 1 | - | 0 | 0 | 0 | 9,971 | 4,777 | 1,956 | 1,768 | |
75 |
77 | 30 | 1 | - | 0 | 0 | 0 | 9,971 | 4,777 | 1,956 | 1,768 | |
76B |
- | - | - | - | - | - | - | 0 | - | - | - | |
65/66B |
125 | 216 | 301 | 385 | 324 | 94 | 42 | 148 | 268 | 430 | 573 | |
65 |
125 | 216 | 301 | 385 | 324 | 94 | 42 | 148 | 268 | 430 | 573 | |
66B |
- | - | - | - | - | - | - | 0 | - | - | - | |
9903 |
15,633 | 12,203 | 45,835 | 44,733 | 44,923 | 52,095 | 45,552 | 57,671 | 49,450 | 51,554 | 97,493 | |
67/77 |
3,467 | 2,868 | 9,571 | 9,327 | 7,911 | 10,680 | 9,670 | 12,564 | 14,474 | 15,042 | 30,282 | |
9904 |
12,166 | 9,335 | 36,264 | 35,406 | 37,012 | 41,415 | 35,882 | 45,108 | 34,976 | 36,512 | 67,211 | |
789 |
- | - | - | - | - | - | - | 0 | - | - | - | |
689 |
- | - | - | - | - | - | - | 0 | - | - | - | |
9905 |
12,166 | 9,335 | 36,264 | 35,406 | 37,012 | 41,415 | 35,882 | 45,108 | 34,976 | 36,512 | 67,211 | |
| Appropriation of the result | ||||||||||||
9906 |
12,166 | 9,335 | 36,264 | 35,406 | 37,012 | 41,415 | 35,882 | 45,108 | 34,976 | 36,512 | 67,211 | |
791/2 |
- | - | - | - | - | - | 0 | 136,839 | - | - | - | |
691/2 |
12,166 | 9,335 | - | - | - | - | - | 0 | 34,976 | 36,512 | 67,211 | |
691 |
- | - | - | - | - | - | - | 0 | - | - | - | |
6920 |
- | - | - | - | - | - | - | 0 | - | - | 1,860 | |
6921 |
12,166 | 9,335 | - | - | - | - | - | 0 | 34,976 | 36,512 | 65,351 | |
694/7 |
- | 0 | 36,264 | 35,406 | 37,012 | 41,415 | 35,882 | 181,946 | - | - | - | |
694 |
- | 0 | 36,264 | 35,406 | 37,012 | 41,415 | 35,882 | 181,946 | - | - | - | |
695 |
- | - | - | - | - | - | - | 0 | - | - | - | |
696 |
- | - | - | - | - | - | - | 0 | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 22-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-05-2026 | 2026-00118402 | |
| 31-12-2024 | micro format | 26-02-2025 | 2025-00039641 | |
| 31-12-2023 | micro format | 07-06-2024 | 2024-00116419 | |
| 31-12-2022 | micro format | 05-05-2023 | 2023-00080898 | |
| 31-12-2021 | micro format | 15-06-2022 | 2022-20064392 | |
| 31-12-2020 | micro format | 02-06-2021 | 2021-17100444 | |
| 31-12-2019 | micro format | 10-06-2020 | 2020-16300026 | |
| 31-12-2018 | micro format | 10-07-2019 | 2019-31000374 | |
| 31-12-2017 | micro format | 18-05-2018 | 2018-13700283 | |
| 31-12-2016 | micro format | 20-06-2017 | 2017-19600147 | |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-26200536 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20,081 | 16,790 | 50,536 | 49,519 | 46,059 | - | 45,594 | 53,316 | 50,409 | 55,496 | 101,766 | ||
| 16,566 | 13,735 | 40,664 | 39,806 | 37,824 | - | 35,882 | 50,576 | 40,444 | 41,980 | 72,679 | ||
| 0 | 0 | 0 | 0 | 22,002 | 0 | 0 | 0 | 0 | 0 | 21,872 | ||
| 23,447 | -16,305 | 8,330 | 11,510 | -32,148 | -10,457 | -14,797 | 42,402 | -83,197 | 69,346 | - | ||
| 38,373 | 21,807 | 8,071 | 5,171 | -729 | 20,460 | 20,460 | 20,460 | 146,494 | 111,153 | 74,149 | ||
| 68.6% | 69.7% | 30.3% | 30.4% | 30.7% | 28.4% | 30.8% | 9.7% | 92.9% | 80.3% | 67.6% | ||
| 3.00 | 2.68 | 1.17 | 1.11 | 0.98 | 1.40 | 1.45 | 1.11 | 14.64 | 5.95 | 3.72 | ||
| 0.46 | 0.43 | 2.30 | 2.28 | 2.25 | 2.52 | 2.25 | 9.36 | 0.08 | 0.24 | 0.48 | ||
| 29.0% | 31.3% | 177.2% | 173.1% | 180.9% | 202.4% | 175.4% | 220.5% | 23.1% | 31.4% | 84.4% | ||
| 19.9% | 21.8% | 53.7% | 52.7% | 55.6% | 57.6% | 54.0% | 21.3% | 21.5% | 25.3% | 57.1% | ||
| over 100 | 77.60 | over 100 | over 100 | over 100 | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €22,002 |
| Financial fixed assets | €0 | - | - | - | - |
| €4,400 | €4,400 | €4,400 | €4,400 | €813 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on NIRCO
The operating result for 2025 is 27% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 30.3% to 31.4%. Equity and debt are higher.