NISHO
ActiveThe computed 12-month bankruptcy probability of NISHO is 2.2% (moderate). The 2025 annual accounts show equity of €68k and a net result of €9k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 49% of 27559 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-5
Solvency71▼-4
Growth52=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 2.35 in 2024; short-term debt: 48.6% and cash: 28.9% of total assets), but 53.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 · 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
46.3%
Return on assets
6.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-03-2026, 129 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
129 d early
2024
29 d early
2023
61 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€68k▲ 16.2%
2024 · €58k
2023: €46k
2024: €58k
2023 → 2025
Total assets
€146k▲ 24.8%
2024 · €117k
2023: €138k
2024: €117k
2023 → 2025
Net result
€9k▼ 21.3%
2024 · €12k
2023: €31k
2024: €12k
2023 → 2025
Working capital
€66k▲ 9.8%
2024 · €60k
2023: €50k
2024: €60k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€46k-€58k▲ 25.9%€68k▲ 16.2%
Operating result€40k-€16k▼ 60.5%€13k▼ 19.9%
Net result€31k-€12k▼ 61.7%€9k▼ 21.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 20% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €146k
Fixed assets
€9k▼ 27.2%
Current assets
€137k▲ 30.9%
Equity and liabilities €146k
Equity
€68k▲ 16.2%
Debt
€79k▲ 33.2%
The debt ratio rises from 50.3% to 53.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▼
2024 · €22k
Cash flow
€16k▼
2024 · €18k
Solvency
46.3%▼
2024 · 49.7%
Current ratio
1.93▼
2024 · 2.35
Quick ratio
1.66▼
2024 · 2.19
Debt / equity
1.16▲
2024 · 1.01
ROE
13.9%▼
2024 · 20.6%
ROA
6.5%▼
2024 · 10.2%
Interest coverage
32.73▼
2024 · 45.73
Debt
€79k▲
2024 · €59k
Debt ≤ 1 year
€71k▲
2024 · €45k
Debt > 1 year
€7k▼
2024 · €14k
Income taxes
€3k▼
2024 · €3k
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€117k€146k▲
Fixed assets21/28€12k€9k▼
Tangible fixed assets22/27€12k€9k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€12k€7k▼
Current assets29/58€105k€137k▲
Stocks and contracts in progress3€7k€19k▲
Stocks30/36€7k€19k▲
Amounts receivable within one year40/41€33k€76k▲
Trade receivables40€22k€66k▲
Other amounts receivable41€11k€10k▼
Cash at bank and in hand54/58€64k€42k▼
Deferred charges and accrued income490/1€572€50▼
Equity and liabilities
Total equity and liabilities10/49€117k€146k▲
Equity10/15€58k€68k▲
Contributions10/11€15k€15k=
Profit (loss) carried forward14€43k€53k▲
Amounts payable17/49€59k€79k▲
Amounts payable after more than one year17€14k€7k▼
Financial debts170/4€14k€7k▼
Amounts payable within one year42/48€45k€71k▲
Current portion of amounts payable after more than one year42€7k€14k▲
Trade debts44€11k€9k▼
Suppliers440/4€11k€9k▼
Advances received on contracts in progress46-€20k
Taxes, remuneration and social security45€6k€8k▲
Taxes450/3€4k€6k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€21k€20k▼
Accrued charges and deferred income492/3€135€260▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€1k€480▼
Gross operating margin9900€23k€20k▼
Operating profit (loss)9901€16k€13k▼
Financial income75/76B€33€43▲
Recurring financial income75€33€43▲
Financial charges65/66B€475€586▲
Recurring financial charges65€475€586▲
Profit (loss) for the period before taxes9903€15k€12k▼
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€12k€9k▼
Profit (loss) for the period to be appropriated9905€12k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€53k▲
Profit (loss) brought forward from the previous period14P€31k€43k▲
The notes to these accounts (6 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
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €9k ▼21.3%
Net result drops to €9k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Beringen · 1 establishment unit since 2022
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.
Middenstraat 453582 BeringenGround area
1,774 m²
Building footprint
222 m²
Volume, LiDAR
1,004 m³
2 parcels, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NISHO
since 20222.328.218.348
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71029B0833/00X000indicative | Flanders | 1,279 m² | - | - |
| 71029B0833/00T000 | Flanders | 495 m² | 1 · 222 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 196 EUR awarded · 196 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 196 EUR | 196 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
7 live approvalsElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Technicus gebouwenautomatisering en energiemanagement duaal (so)
Show 1 more
Technicus hernieuwbare energietechnieken duaal (so)
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,659. 4,758 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-02-2022
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.