NIRVAN
ActiveNIRVAN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €278k and a net result of €126k. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 20% of 7446 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▲+78
Solvency45▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.81 in 2023; short-term debt: 58.5% and cash: 1.3% of total assets), but 80% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 7446 sector peers (2024).
NBB · sector comparisonPosition among 7446 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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
not confirmed
2024
69 d late
2023
175 d late
2022
31 d late
2021
201 d late
2020
81 d late
2019
110 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€126k
2023 · €-130k
2018: €8k
2019: €5k
2020: €54k
2021: €114k
2022: €19k
2023: €-130k
2018 → 2024
Working capital
€506k▲ 21.6%
2023 · €416k
2018: €517k
2019: €322k
2020: €395k
2021: €525k
2022: €551k
2023: €416k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€148k-€263k▲ 77.1%€282k▲ 7.3%€152k▼ 46.0%€278k▲ 83.0%
Operating result€54k-€115k▲ 112%€20k▼ 82.8%€-129k€135k
Net result€54k-€114k▲ 113%€19k▼ 83.2%€-130k€126k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €135k after a loss of €129k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.39M
Fixed assets
€73k▲ 101%
Current assets
€1.32M▲ 42.2%
Equity and liabilities €1.39M
Equity
€278k▲ 83.0%
Provisions
€300k=
Debt
€814k▲ 59.0%
The debt ratio rises from 53.1% to 58.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€153k▲
2023 · €-110k
Cash flow
€144k▲
2023 · €-110k
Solvency
20.0%▲
2023 · 15.8%
Current ratio
1.62▼
2023 · 1.81
Quick ratio
0.22▼
2023 · 0.94
Debt / equity
2.92▼
2023 · 3.36
ROE
45.4%▲
2023 · -85.3%
ROA
9.1%▲
2023 · -13.5%
Interest coverage
360.23▲
2023 · -315.25
Debt
€814k▲
2023 · €512k
Debt ≤ 1 year
€814k▲
2023 · €512k
Income taxes
€8k
Staff costs
€117k▲
2023 · €75k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€964k€1.39M▲
Fixed assets21/28€36k€73k▲
Tangible fixed assets22/27€36k€73k▲
Furniture and vehicles24€36k€73k▲
Current assets29/58€928k€1.32M▲
Stocks and contracts in progress3€448k€1.14M▲
Stocks30/36€448k€1.14M▲
Amounts receivable within one year40/41€446k€164k▼
Trade receivables40€87k€36k▼
Other amounts receivable41€359k€128k▼
Cash at bank and in hand54/58€33k€18k▼
Deferred charges and accrued income490/1€418€771▲
Equity and liabilities
Total equity and liabilities10/49€964k€1.39M▲
Equity10/15€152k€278k▲
Contributions10/11€8k€8k=
Reserves13€13k€13k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€131k€257k▲
Provisions and deferred taxes16€300k€300k=
Provisions for liabilities and charges160/5€300k€300k=
Other liabilities and charges164/5€300k€300k=
Amounts payable17/49€512k€814k▲
Amounts payable within one year42/48€512k€814k▲
Trade debts44€349k€621k▲
Suppliers440/4€349k€621k▲
Taxes, remuneration and social security45€49k€110k▲
Taxes450/3€1k€9k▲
Remuneration and social security454/9€47k€101k▲
Other amounts payable47/48€114k€84k▼
Income statement
Code20232024
Remuneration, social security and pensions62€75k€117k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€18k▼
Other operating charges640/8€7k€70k▲
Gross operating margin9900€-28k€340k▲
Operating profit (loss)9901€-129k€135k▲
Financial income75/76B€26€4▼
Recurring financial income75€26€4▼
Financial charges65/66B€349€423▲
Recurring financial charges65€349€423▲
Profit (loss) for the period before taxes9903€-130k€134k▲
Income taxes67/77-€8k
Profit (loss) for the period9904€-130k€126k▲
Profit (loss) for the period to be appropriated9905€-130k€126k▲
Appropriation of the result
Profit (loss) to be appropriated9906€131k€257k▲
Profit (loss) brought forward from the previous period14P€260k€131k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 69 days late
22-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 175 days late
2024
31-12
Financial
Back to profitnet €126k
Net result €126k after one loss-making year.
31-12
Financial
Equity above €200kEq €278k ▲83%
Equity rises from €152k to €278k.
2023
31-12
Financial
Weakest financial yearnet €-130k ▼777%
Net result drops to €-130k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
17-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 201 days late
2021
31-12
Financial
Equity above €200kEq €263k ▲77.1%
4 profitable years in a row build equity to €263k.
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 81 days late
2020
31-12
Financial
Equity above €100kEq €148k ▲56.8%
3 profitable years in a row build equity to €148k.
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 110 days late
09-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 162 days late
2018
23-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 115 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 182 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Gent · 1 establishment unit since 2010
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.
Bevrijdingslaan 1999000 GentGround area
450 m²
Building footprint
303 m²
Volume, LiDAR
1,882 m³
Parcel 44816K0553/00X003, Flanders · tallest building 13.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Nirvan
since 20102.186.645.858
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0553/00X003 | Flanders | 450 m² | 1 · 303 m² | 13.7 m · 1 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.
Similar companies · same sector, comparable size
DEMAZY Max
BE 0831.713.830
Assesse · Eq €278k
WARD BOERJAN
BE 0716.798.425
Damme · Eq €279k
MEEUS HOUTCONSTRUCTIES
BE 0535.950.833
Retie · Eq €279k
DKB INTERIEUR
BE 0717.674.096
Merelbeke-Melle · Eq €278k
ESPACE PLACARDS &DRESSING
BE 0880.016.959
Walcourt · Eq €279k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 6,996 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-03-2010
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43350Other building finishing work
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.