Parent and group
- Nirmana Real Estate100%
- KORYS66.52%
Nirmana Retail
ActiveSummary
Nirmana Retail has been active since 1960 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.28bn and a net result of €17.2m. Equity has been growing by about 5.5% per year since 2019. Its solvency ranks better than 76% of 401 sector peers (NACE 46, financial year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
Source: KBO- Status
- Active since 17-10-1960 Normal situation
- Registered office
- 76 active companies are registered at this address 13 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Agents specialised in the wholesale of other particular products NACE 46180and 1 other
- Joint committee
- 323 Paritair Comité voor het beheer van gebouwen, de vastgoedmakelaars en de dienstboden · annual accounts 31-03-2026
- Establishment units
- 2.009.217.913 1500 Halle, since 17-10-1960
- 2.319.374.918 7866 Lessines, since 01-01-2022
- Financial year end
- 31 March
- Peppol
- Reachable since 09-10-2023
Board and ownership
Board
- Jo WILLEMYNSDirector · since 01-04-2022
- Stefan GoethaertDirector · since 01-04-2022
- Jef ColruytDirector · since 19-09-2023
Shareholders
- Nirmana100%act of 25-08-2026
- Colruyt Group99.97%· score 93annual accounts 31-03-2026
- Colruyt Group NVconsolidatesannual accounts 31-03-2026
- Holdings
- Shares in 17 companies including Avellana and BANDEN DEPROOST
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts to 31-03-2026
- Turnover
- €290.5m
- ▲ 6.8%
- Profit
- €17.2m
- ▼ 65.7%
- Equity
- €1.28bn
- ▲ 1.3%
- Total assets
- €1.81bn
- ▲ 1.2%
- Employees on 31-03-2026
- 27
- ▼ 6.9%
Net result -66%: merger
Score breakdownraises riskLiquidity: current ratio 0.50, cash €3.0mlowers riskFounded in 1960Size: turnover €290.5m, 26.8 FTE, total assets €1.81bnEquity €1.28bn (70.6% of total assets)Show the evidence
Checked score
Score 2026
91
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 70% of small companies in wholesale trade (NACE 46)
Financial strength · tick: 2025
Strong
Solvency
96+1
equity 70.6% of total assets
Liquidity
50=
short-term debt 7.7% · cash 0.2%
Profitability
80-2
return on assets 0.9%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025lowest value
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €29,050,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.5 (0.54 in 2025), below 1. Short-term debt is 7.7% and cash 0.2% of total assets. 29.4% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 80% of them on solvency, 62% on liquidity, 81% on profitability and 55% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 30-09-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
31 days early
2025
38 days early
2024
14 days early
2023
36 days early
2022
25 days early
2021
38 days early
2020
36 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 30 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-03-2027 year end31-10-2027 deadline
Key points
- Positive: Higher net result than 95% of companies in wholesale tradesector median €117,322 · 393 companies €17.2m View
- Positive: 6 years of growth in a rowturnover 2026: €290.5m 6 years View
- 6 restructurings since 2024latest: restructuring with Nirmana Immo 6 View
- Result fell in 2026merger with DELDEN ▼ 65.7% View
- Positive: Filed on time since financial year 2020accounts within the deadline every year 7 years View
- Board changedlatest change 01-08-2026 · 5 in office 1 joined · 1 left View
Recent changes
- · Gazette deed Resignation: Stefaan Vandamme (director)Appointment: Michael Hamelryck (director)
- · Gazette deed Capital decrease of €803,542.90 to €914,362,584.80Capital from €915,166,127.70 to €914,362,584.80 · Resignation: Stefaan Vandamme (director) · Appointment: Michael Hamelryck (director)
- · Gazette deed Demerger proposal: Colim NV splits off to Nirmana NVAppointment: Ernst en Young Bedrijfsrevisoren (statutory auditor) · Nirmana NV holds all the shares · Nirmana Real Estate NV holds all the shares
Companies linked to Nirmana Retail
Shareholders
- BIO-PLANET0.03%
Subsidiaries and holdings
- DISFRAIS100%
- EW 738/740100%
- GERLI Erasmus100%
- Holding De Prins100%
- Izock100%
- Supermarkt De Belie100%
- TERDECO100%
- USIMEX - INVEST100%
Comparable companies
This company has the same main activity as Nirmana Retail: agents specialised in the wholesale of other particular products (NACE 46180). It is comparable in size and age: total assets of €674m, founded in 1984.
| Company | Total assets | Turnover |
|---|---|---|
| Nirmana Retail Halle | €1,814.4m | €290.5m |
| EUROPEAN OWENS CORNING FIBERGLAS Watermaal-Bosvoorde | €674.5m | €372.7m |
Key facts about Nirmana Retail
- What is the company number of Nirmana Retail?
- The company number of Nirmana Retail is 0400.374.725. The VAT number is the same number with BE in front: BE 0400.374.725.
- Where is Nirmana Retail based?
- The registered office is at Edingensesteenweg 196, 1500 Halle.Company details
- What does Nirmana Retail do?
- According to the KBO register, the main activity is agents specialised in the wholesale of other particular products (NACE 46180).
- What is the legal form of Nirmana Retail?
- The legal form of Nirmana Retail is Public limited company (NV).
- When was Nirmana Retail founded?
- Nirmana Retail was founded on 17-10-1960.
- Is Nirmana Retail still active?
- Yes, Nirmana Retail is an active enterprise in the KBO register.
- How many employees does Nirmana Retail have?
- Nirmana Retail had an average of 26.8 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does Nirmana Retail fall under?
- In its 31-03-2026 annual accounts, Nirmana Retail states joint committee 323 (Paritair Comité voor het beheer van gebouwen, de vastgoedmakelaars en de dienstboden).
- What is the turnover of Nirmana Retail?
- The turnover of Nirmana Retail was €290.5m in financial year 2026, according to the filed annual accounts.
- Is Nirmana Retail profitable?
- In financial year 2026, Nirmana Retail made a profit of €17.2m.
- Where can I find the annual accounts of Nirmana Retail?
- Nirmana Retail filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of Nirmana Retail due?
- Nirmana Retail must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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