NISH Tech
ActiveSummary
The computed 12-month bankruptcy probability of NISH Tech is 1.7% (moderate). The 2024 annual accounts show negative equity (-€159,017) and a net result of -€28,922. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 2833 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability42▼-31
Solvency15▼-36
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.86 against 1.31 in 2023; short-term debt: 109.7% and cash: 12.2% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-10.2%
Return on assets
-1.9%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year -€159,017
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
28 d early
2022
28 d early
2021
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 fastest grower in Evere
Equity
-€159,017
2023 · €469,905
Total assets
€1.6m▼ 13.1%
2023 · €1.8m
Net result
-€28,922
2023 · €56,473
Working capital
-€235,397
2023 · €409,359
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
Line2021202220232024
Operating result€306,525-€419,633▲ 36.9%€120,613▼ 71.3%€29,364▼ 75.7%
Net result€229,792-€323,641▲ 40.8%€56,473▼ 82.6%-€28,922
Equity€239,792-€413,432▲ 72.4%€469,905▲ 13.7%-€159,017
Total assets€852,737-€2.3m▲ 167%€1.8m▼ 21.0%€1.6m▼ 13.1%
Debt€612,946-€1.9m▲ 203%€1.3m▼ 28.7%€1.7m▲ 29.7%
Working capital€239,792-€379,768▲ 58.4%€409,359▲ 7.8%-€235,397
Staff (FTE)15.7-51.8▲ 230%67.9▲ 31.1%72.7▲ 7.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Net result -83% on 2022. Cause not known from the registers.
- 2022 Equity +72%, Total assets +167%, Staff (FTE) +230% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 76% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.6m
Fixed assets
€83,437 ▲ 37.8%
Current assets
€1.5m ▼ 14.8%
Key figures and ratios
EBITDA
€53,957▼
2023 · €128,341
Cash flow
-€4,329▼
2023 · €64,200
Solvency
-10.2%▼
2023 · 26.2%
Current ratio
0.86▼
2023 · 1.31
Debt to equity
-10.82▼
2023 · 2.82
ROA
-1.9%▼
2023 · 3.1%
Interest coverage
3.09▼
2023 · 15.17
Debt ≤ 1 year
€1.7m▲
2023 · €1.3m
Debt > 1 year
€7,058
Income taxes
€40,800▼
2023 · €55,681
Staff costs
€6.1m▲
2023 · €5.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 109 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 95% are still going.
- Medium-sized
- 5 to 10 years old
- negative equity
- a small loss
0%
went bankrupt
2.8%
stopped otherwise
95%
still going
A further 1.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.7% 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 109 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1.0m | €3.8m | €5.5m | €6.1m | ▲ 10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €506 | €7,728 | €24,593 | ▲ 218% |
| Other operating charges640/8 | €348 | €703 | €1,573 | €4,022 | ▲ 156% |
| Gross operating margin9900 | €1.3m | €4.3m | €5.7m | €6.1m | ▲ 8.5% |
| Operating profit (loss)9901 | €306,525 | €419,633 | €120,613 | €29,364 | ▼ 75.7% |
| Financial income75/76B | €1 | €111 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €1 | €111 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €33 | €9,903 | €8,459 | €17,486 | ▲ 107% |
| Recurring financial charges65 | €33 | €9,903 | €8,459 | €17,486 | ▲ 107% |
| Profit (loss) for the period before taxes9903 | €306,493 | €409,841 | €112,154 | €11,878 | ▼ 89.4% |
| Income taxes67/77 | €76,702 | €86,201 | €55,681 | €40,800 | ▼ 26.7% |
| Profit (loss) for the period9904 | €229,792 | €323,641 | €56,473 | -€28,922 | ▼ 151% |
| Profit (loss) for the period to be appropriated9905 | €229,792 | €323,641 | €56,473 | -€28,922 | ▼ 151% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €852,737 | €2.3m | €1.8m | €1.6m | ▼ 13.1% |
| Fixed assets21/28 | - | €33,665 | €60,546 | €83,437 | ▲ 37.8% |
| Tangible fixed assets22/27 | - | €33,665 | €60,546 | €83,437 | ▲ 37.8% |
| Plant, machinery and equipment23 | - | - | €1,500 | €1,170 | ▼ 22.0% |
| Furniture and vehicles24 | - | €31,708 | €57,288 | €75,349 | ▲ 31.5% |
| Other tangible fixed assets26 | - | €1,956 | €1,758 | €6,918 | ▲ 293% |
| Current assets29/58 | €852,737 | €2.2m | €1.7m | €1.5m | ▼ 14.8% |
| Amounts receivable after more than one year29 | - | €24,500 | €14,500 | €19,100 | ▲ 31.7% |
| Other amounts receivable291 | - | €24,500 | €14,500 | €19,100 | ▲ 31.7% |
| Amounts receivable within one year40/41 | €742,778 | €1.9m | €1.3m | €1.3m | ▼ 3.9% |
| Trade receivables40 | €742,778 | €1.9m | €1.3m | €1.2m | ▼ 5.8% |
| Other amounts receivable41 | - | €8,000 | €24,903 | €49,200 | ▲ 97.6% |
| Cash at bank and in hand54/58 | €109,959 | €268,367 | €390,305 | €189,750 | ▼ 51.4% |
| Deferred charges and accrued income490/1 | - | €7,325 | €10,800 | €0 | ▼ 100% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €852,737 | €2.3m | €1.8m | €1.6m | ▼ 13.1% |
| Equity10/15 | €239,792 | €413,432 | €469,905 | -€159,017 | ▼ 134% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €229,792 | €403,432 | €459,905 | €0 | ▼ 100% |
| Distributable reserves133 | €229,792 | €403,432 | €459,905 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | €0 | €0 | -€169,017 | - |
| Amounts payable17/49 | €612,946 | €1.9m | €1.3m | €1.7m | ▲ 29.7% |
| Amounts payable after more than one year17 | - | - | - | €7,058 | - |
| Financial debts170/4 | - | - | - | €7,058 | - |
| Amounts payable within one year42/48 | €612,946 | €1.9m | €1.3m | €1.7m | ▲ 29.2% |
| Current portion of amounts payable after more than one year42 | - | - | €100,399 | €199,206 | ▲ 98.4% |
| Trade debts44 | €62,592 | €627,316 | €490,658 | €436,957 | ▼ 10.9% |
| Suppliers440/4 | €62,592 | €627,316 | €490,658 | €436,957 | ▼ 10.9% |
| Taxes, remuneration and social security45 | €276,472 | €968,674 | €734,720 | €765,451 | ▲ 4.2% |
| Taxes450/3 | €139,685 | €546,852 | €229,134 | €198,906 | ▼ 13.2% |
| Remuneration and social security454/9 | €136,787 | €421,822 | €505,586 | €566,545 | ▲ 12.1% |
| Other amounts payable47/48 | €273,882 | €263,513 | €0 | €311,339 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €229,792 | €323,641 | €56,473 | -€28,922 | ▼ 151% |
| + Depreciation and write-downs630 | - | €506 | €7,728 | €24,593 | ▲ 218% |
| Operating cash flow (approximation) | €229,792 | €324,147 | €64,200 | -€4,329 | ▼ 107% |
| Investment in fixed assets (approximation) | - | - | -€34,609 | -€47,484 | ▼ 37.2% |
| Change in cash | - | €158,408 | €121,938 | -€200,555 | ▼ 264% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€28,922
Net result drops to -€28,922, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2021net €323,641 ▲40.8%
Operating result €419,633, net result €323,641, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Evere · 2 establishment units since 2020
Ground area
1.8 ha
Building footprint
3,393 m²
Volume, LiDAR
92,641 m³
2 parcels, Brussels, Flanders · tallest building 31.9 m, ±9 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
2 establishment units
NISH Tech
since 20202.312.740.316
NISH Tech
since 20222.338.877.856
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372D0128/00G000 | Brussels | 9,470 m² | 1 · 1,806 m² | 30.5 m · 9 fl. |
| 23078C0192/00E000 | Flanders | 8,267 m² | 1 · 1,587 m² | 31.9 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 5,571 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
Founded08-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0755906251
Also
9925:BE0755906251
Registered
27-03-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.