NIRVANA CAPITAL
ActiveSummary
NIRVANA CAPITAL has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €43.8m and a net result of €984,434. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 95% of 2937 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability21▼-1
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 7.19 against 4.59 in 2023; short-term debt: 8.2% and cash: 1.3% of total assets), and 13% of the assets are financed with debt.
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Signals
Four 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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 2024Solvency, return and age of the figures
Solvency
87%
Return on assets
2%
Age of the figures
21 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
60 d late
2023
68 d late
2022
31 d late
2021
61 d late
2020
31 d late
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 57 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 company by total assets in West Flanders, Food and beverage service sector#1 company by equity in West Flanders, Food and beverage service sector
Turnover
€779,217
EBIT margin
-4.7%
Net result
€984,434▼ 10.9%
2023 · €1.1m
Working capital
€25.4m▲ 13.0%
2023 · €22.5m
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
Line20202021202220232024
Turnover
Operating result-€921,112▼ 2,390%-€2.0m▼ 116%-€524,687▲ 73.7%-€435,420▲ 17.0%-€235,832▲ 45.8%
Net result-€1.2m▼ 85.7%€3.3m€666,771▼ 79.8%€1.1m▲ 65.8%€984,434▼ 10.9%
EBIT margin
Equity€43.6m▼ 2.7%€40.9m▼ 6.2%€41.7m▲ 2.0%€42.8m▲ 2.7%€43.8m▲ 2.3%
Total assets€55.4m▼ 10.4%€54.5m▼ 1.8%€56.1m▲ 3.1%€49.5m▼ 11.8%€50.3m▲ 1.5%
Debt€11.9m▼ 30.6%€13.6m▲ 14.7%€14.5m▲ 6.5%€6.8m▼ 53.2%€6.5m▼ 3.5%
Working capital€41.0m▼ 3.6%€21.5m▼ 47.5%€22.3m▲ 3.7%€22.5m▲ 0.7%€25.4m▲ 13.0%
Staff (FTE)9.5▲ 11.8%7▼ 26.3%4.8▼ 31.4%4.8=3.3▼ 31.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Net result +66% on 2022. Cause not known from the registers.
- 2022 Net result -80% on 2021. Cause not known from the registers.
- 2020 Net result -86% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €235,832 in 2024 against €435,420 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €50.3m
Fixed assets
€20.8m ▼ 0.1%
Current assets
€29.5m ▲ 2.6%
Equity and liabilities €50.3m
Equity
€43.8m ▲ 2.3%
Debt
€6.5m ▼ 3.5%
Debt's share of the balance-sheet total falls from 13.7% to 13.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€222,856▲
2023 · -€425,985
Cash flow
€997,411▼
2023 · €1.1m
Current ratio
7.19▲
2023 · 4.59
Quick ratio
7.14▲
2023 · 4.54
Debt to equity
0.15▼
2023 · 0.16
ROE
2.2%▼
2023 · 2.6%
ROA
2.0%▼
2023 · 2.2%
Interest coverage
-0.39▲
2023 · -1.18
Debt ≤ 1 year
€4.1m▼
2023 · €6.3m
Debt > 1 year
€2.3m▲
2023 · €395,952
Income taxes
€20,302▲
2023 · €5,441
Staff costs
€233,075▲
2023 · €231,667
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,891 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | €4,781 | €168,236 | ▲ 3,419% |
| Remuneration, social security and pensions62 | - | €328,636 | €292,888 | €231,667 | €233,075 | ▲ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,923 | €50,783 | €50,823 | €9,435 | €12,977 | ▲ 37.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €13,223 | €0 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€6,676 | -€4,412 | €0 | - | - |
| Other operating charges640/8 | - | €15,612 | €4,535 | €32,956 | €8,679 | ▼ 73.7% |
| Non-recurring operating charges66A | - | €1.4m | €0 | - | - | - |
| Gross operating margin9900 | -€444,137 | -€231,789 | -€180,854 | -€161,362 | €18,899 | ▲ 112% |
| Operating profit (loss)9901 | -€921,112 | -€2.0m | -€524,687 | -€435,420 | -€235,832 | ▲ 45.8% |
| Financial income75/76B | - | €6.6m | €1.4m | €1.9m | €1.8m | ▼ 5.4% |
| Recurring financial income75 | €1.4m | €6.6m | €1.4m | €1.9m | €1.8m | ▼ 5.4% |
| Financial charges65/66B | - | €1.2m | €221,319 | €376,013 | €578,654 | ▲ 53.9% |
| Recurring financial charges65 | €1.6m | €279,930 | €221,319 | €362,532 | €578,654 | ▲ 59.6% |
| Non-recurring financial charges66B | - | €884,173 | €0 | €13,481 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€1.2m | €3.4m | €668,478 | €1.1m | €1.0m | ▼ 9.5% |
| Income taxes67/77 | €2,879 | €105,713 | €1,707 | €5,441 | €20,302 | ▲ 273% |
| Profit (loss) for the period9904 | -€1.2m | €3.3m | €666,771 | €1.1m | €984,434 | ▼ 10.9% |
| Profit (loss) for the period to be appropriated9905 | -€1.2m | €3.3m | €666,771 | €1.1m | €984,434 | ▼ 10.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55.4m | €54.5m | €56.1m | €49.5m | €50.3m | ▲ 1.5% |
| Fixed assets21/28 | €4.1m | €20.8m | €20.8m | €20.8m | €20.8m | ▼ 0.1% |
| Intangible fixed assets21 | €1 | €1 | €1 | €0 | - | - |
| Tangible fixed assets22/27 | €155,911 | €105,129 | €63,206 | €60,423 | €47,447 | ▼ 21.5% |
| Plant, machinery and equipment23 | - | €35,999 | €31,969 | €3,724 | €2,944 | ▼ 20.9% |
| Furniture and vehicles24 | - | €57,313 | €22,981 | €50,459 | €40,278 | ▼ 20.2% |
| Other tangible fixed assets26 | - | €11,816 | €8,256 | €6,240 | €4,225 | ▼ 32.3% |
| Financial fixed assets28 | €4.0m | €20.7m | €20.7m | €20.7m | €20.7m | = |
| Current assets29/58 | €51.3m | €33.6m | €35.3m | €28.8m | €29.5m | ▲ 2.6% |
| Amounts receivable after more than one year29 | - | €12.3m | €15.5m | €15.9m | €16.5m | ▲ 3.3% |
| Other amounts receivable291 | - | €12.3m | €15.5m | €15.9m | €16.5m | ▲ 3.3% |
| Stocks and contracts in progress3 | €253,056 | €253,032 | €291,347 | €291,592 | €210,543 | ▼ 27.8% |
| Stocks30/36 | - | €253,032 | €291,347 | €291,592 | €210,543 | ▼ 27.8% |
| Amounts receivable within one year40/41 | €22.7m | €4.3m | €6.4m | €7.9m | €10.0m | ▲ 25.8% |
| Trade receivables40 | - | €189,642 | €229,913 | €148,420 | €169,399 | ▲ 14.1% |
| Other amounts receivable41 | - | €4.1m | €6.2m | €7.8m | €9.8m | ▲ 26.1% |
| Current investments50/53 | €10.4m | €10.9m | €10.9m | €4.1m | €2.1m | ▼ 49.3% |
| Cash at bank and in hand54/58 | €3.6m | €5.9m | €2.2m | €381,311 | €671,959 | ▲ 76.2% |
| Deferred charges and accrued income490/1 | - | €109 | €3,391 | €53,714 | €79,008 | ▲ 47.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55.4m | €54.5m | €56.1m | €49.5m | €50.3m | ▲ 1.5% |
| Equity10/15 | €43.6m | €40.9m | €41.7m | €42.8m | €43.8m | ▲ 2.3% |
| Contributions10/11 | - | €55.2m | €55.2m | €55.2m | €55.2m | = |
| Reserves13 | €500,570 | €31,056 | €31,056 | €31,056 | €31,056 | = |
| Tax-exempt reserves132 | - | €31,056 | €31,056 | €31,056 | €31,056 | = |
| Distributable reserves133 | - | €0 | - | - | - | - |
| Profit (loss) carried forward14 | -€18.1m | -€14.3m | -€13.5m | -€12.4m | -€11.4m | ▲ 7.9% |
| Provisions and deferred taxes16 | €11,088 | €4,412 | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €4,412 | €0 | - | - | - |
| Pensions and similar obligations160 | - | €4,412 | €0 | - | - | - |
| Amounts payable17/49 | €11.9m | €13.6m | €14.5m | €6.8m | €6.5m | ▼ 3.5% |
| Amounts payable after more than one year17 | €1.6m | €1.5m | €1.4m | €395,952 | €2.3m | ▲ 485% |
| Financial debts170/4 | - | €1.5m | €1.4m | €395,952 | €317,860 | ▼ 19.7% |
| Other amounts payable178/9 | - | - | - | - | €2.0m | - |
| Amounts payable within one year42/48 | €10.3m | €12.1m | €13.0m | €6.3m | €4.1m | ▼ 34.5% |
| Current portion of amounts payable after more than one year42 | - | €72,974 | €73,044 | €82,537 | €78,091 | ▼ 5.4% |
| Financial debts43 | - | €6.1m | €8.4m | €3.3m | €0 | ▼ 100% |
| Credit institutions430/8 | - | €4.0m | €4.0m | €0 | - | - |
| Other loans439 | - | €2.1m | €4.4m | €3.3m | €0 | ▼ 100% |
| Trade debts44 | €161,918 | €136,896 | €231,838 | €101,503 | €113,625 | ▲ 11.9% |
| Suppliers440/4 | - | €136,896 | €231,838 | €101,503 | €113,625 | ▲ 11.9% |
| Taxes, remuneration and social security45 | - | €126,803 | €97,660 | €32,325 | €45,205 | ▲ 39.8% |
| Taxes450/3 | - | €96,846 | €63,683 | €7,095 | €17,862 | ▲ 152% |
| Remuneration and social security454/9 | - | €29,958 | €33,977 | €25,230 | €27,344 | ▲ 8.4% |
| Other amounts payable47/48 | - | €5.7m | €4.2m | €2.8m | €3.9m | ▲ 38.2% |
| Accrued charges and deferred income492/3 | - | - | €33,425 | €99,169 | €101,988 | ▲ 2.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.2m | €3.3m | €666,771 | €1.1m | €984,434 | ▼ 10.9% |
| + Depreciation and write-downs630 | €50,923 | €50,783 | €50,823 | €9,435 | €12,977 | ▲ 37.5% |
| Operating cash flow (approximation) | -€1.1m | €3.3m | €717,594 | €1.1m | €997,411 | ▼ 10.5% |
| Investment in fixed assets (approximation) | - | -€16.8m | -€8,922 | -€786 | €0 | ▲ 100% |
| Change in cash | - | €2.3m | -€3.7m | -€1.8m | €290,648 | ▲ 116% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial
Back to profitnet €3.3m
Net result €3.3m after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 88 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Moorslede · 1 establishment unit since 2006
Ground area
5,043 m²
Building footprint
1,329 m²
Volume, LiDAR
12,324 m³
Parcel 36003A0978/00B003, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Nirvana Capital
since 20062.159.947.795
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36003A0978/00B003 | Flanders | 5,043 m² | 1 · 1,329 m² | 11.2 m · 3 fl. |
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.
Structure & network
Owners and holdings
4 holdings · 4 subsidiaries in the treeOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 4
-
100%
-
100%
- Chateau CastignoFRSourceown accounts 202437.92%
-
34.78%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- Conseil-Vins Export 100%
NIRVANA INVEST 100%2 subsidiaries
- Chateau Castigno eurlFR 100%
- Nirvana EurlFR 65.22%
According to the 2024 annual accounts of NIRVANA CAPITAL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
529900A12YG20YDGC912
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 30 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
Founded13-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
64210Activities of holding companies
46341Wholesale of wines and spirits
47251Retail sale of wines and spirits
56210Event catering
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0885625836
Also
9925:BE0885625836
Registered
06-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.