NIRSAL
ActiveNIRSAL has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €8k. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 68% of 4422 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▼-26
Solvency83▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.36 against 4.54 in 2024; short-term debt: 42.3% and cash: 43.6% of total assets), and 42.3% 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 43
Relative position
BE, all sectors
reference
Sector 43
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
57.7%
Return on assets
8.4%
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 31-08-2026, 31 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
31 d late
2024
18 d late
2023
1 d late
2022
19 d late
2021
22 d late
2020
26 d late
2019
26 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8k▲ 1.9%
2024 · €7k
2018: €6k
2019: €6k
2020: €11k
2021: €11k
2022: €-2k
2023: €-1k
2024: €7k
2018 → 2025
Working capital
€52k▲ 17.2%
2024 · €44k
2018: €13k
2019: €18k
2020: €29k
2021: €39k
2022: €37k
2023: €37k
2024: €44k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€38k▼ 5.3%€37k▼ 3.5%€44k▲ 20.2%€52k▲ 17.1%
Operating result€13k-€-3k€2k€8k▲ 239%€9k▲ 22.4%
Net result€11k-€-2k€-1k▲ 36.6%€7k€8k▲ 1.9%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 22% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €90k
Fixed assets
€192=
Current assets
€90k▲ 58.7%
Equity and liabilities €90k
Equity
€52k▲ 17.1%
Debt
€38k▲ 206%
The debt ratio rises from 21.9% to 42.3%. Equity and debt are higher.
Key figures and ratios
Solvency
57.7%▼
2024 · 78.1%
Current ratio
2.36▼
2024 · 4.54
Quick ratio
2.36▼
2024 · 4.54
Debt / equity
0.73▲
2024 · 0.28
ROE
14.6%▼
2024 · 16.8%
ROA
8.4%▼
2024 · 13.1%
Debt
€38k▲
2024 · €12k
Debt ≤ 1 year
€38k▲
2024 · €12k
Income taxes
€2k
Staff costs
€75k▲
2024 · €63k
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€57k€90k▲
Fixed assets21/28€192€192=
Financial fixed assets28€192€192=
Current assets29/58€57k€90k▲
Amounts receivable within one year40/41€43k€51k▲
Trade receivables40€32k€42k▲
Other amounts receivable41€11k€8k▼
Cash at bank and in hand54/58€14k€39k▲
Equity and liabilities
Total equity and liabilities10/49€57k€90k▲
Equity10/15€44k€52k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€24k€31k▲
Amounts payable17/49€12k€38k▲
Amounts payable within one year42/48€12k€38k▲
Trade debts44€10k€28k▲
Suppliers440/4€10k€28k▲
Taxes, remuneration and social security45€2k€10k▲
Taxes450/3€2k€2k▼
Remuneration and social security454/9€91€8k▲
Other amounts payable47/48€142-
Income statement
Code20242025
Non-recurring operating income76A-€36
Remuneration, social security and pensions62€63k€75k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36-
Other operating charges640/8€2k€1k▼
Gross operating margin9900€72k€86k▲
Operating profit (loss)9901€8k€9k▲
Financial charges65/66B€187€196▲
Recurring financial charges65€187€196▲
Profit (loss) for the period before taxes9903€7k€9k▲
Income taxes67/77-€2k
Profit (loss) for the period9904€7k€8k▲
Profit (loss) for the period to be appropriated9905€7k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€31k▲
Profit (loss) brought forward from the previous period14P€16k€24k▲
The notes to these accounts (2 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 4.54
Current ratio from 1.89 to 4.54; short-term debt falls from €41k to €12k.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 19 days late
2022
31-12
Financial
Weakest financial yearnet €-2k ▼120%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 5.78
Current ratio from 2.30 to 5.78; short-term debt falls from €30k to €8k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Highest result since 2018net €11k ▲101%
Net result €11k, the highest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Sint-Jans-Molenbeek · 1 establishment unit since 2007
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.
Opzichterstraat 401080 Sint-Jans-MolenbeekGround area
125 m²
Building footprint
108 m²
Volume, LiDAR
1,644 m³
Parcel 21012A0179/00V010, Brussels · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
NIRSAL SPRL
since 20072.160.130.414
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21012A0179/00V010 | Brussels | 125 m² | 1 · 108 m² | 17.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
5 categoriesNIRSAL SRL43844
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BOEL TONY & CO
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Of 7,292 companies in sector 43350 we hold annual accounts for 2,359. 2,003 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-02-2007
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
74700
81220Other building cleaning and industrial cleaning
43332Laying of wooden floor and wall coverings
45432
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.