Nitocon

Active

Private limited companyfounded 20241 yr activeKerselarenstraat 1, 8820 Torhout, BelgiumKBO/BCE: BE 1014.875.366

Nitocon has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11k and a net result of €6k. Its solvency ranks better than 10% of 1030 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

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Checked score

Score 2025

47 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability75

Solvency34

Growth-

Track record67

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity short (current ratio 0.9; short-term debt: 89.5% and cash: 0.4% of total assets), and 90.5% of the assets are financed with debt.

How do we compute the score and the probability?

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 25

Relative position

BE, all sectors

reference

Sector 25

higher

← fewer bankruptcies more bankruptcies →

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

9.5%

Return on assets

5.3%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1030 sector peers (2025).

NBB · sector comparison

Position among 1030 sector peers

Solvency

better than 10%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2025

23 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€11k

Total assets

€119k

Net result

€6k

Working capital

€-10k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition

Assets €119k

19.2%

80.8%

Fixed assets €23k

Current assets €96k

Equity and liabilities €119k

90.5%

Equity €11k

Debt €107k

Debt finances 90.5% of the balance-sheet total.

Key figures and ratios

2025 value

EBITDA

€15k

Cash flow

€13k

Solvency

9.5%

Current ratio

0.90

Quick ratio

0.90

Debt / equity

9.53

ROE

55.6%

ROA

5.3%

Interest coverage

10.39

Debt

€107k

Debt ≤ 1 year

€106k

Income taxes

€704

Filed annual accounts

As filed with the NBB · 2025

Balance sheet Code2025

Assets

Total assets20/58€119k

Fixed assets21/28€23k

Intangible fixed assets21€11k

Tangible fixed assets22/27€11k

Furniture and vehicles24€11k

Current assets29/58€96k

Amounts receivable within one year40/41€63k

Trade receivables40€63k

Other amounts receivable41€1

Cash at bank and in hand54/58€459

Deferred charges and accrued income490/1€33k

Equity and liabilities

Total equity and liabilities10/49€119k

Equity10/15€11k

Contributions10/11€5k

Reserves13€6k

Distributable reserves133€6k

Amounts payable17/49€107k

Amounts payable within one year42/48€106k

Trade debts44€72k

Suppliers440/4€72k

Taxes, remuneration and social security45€1k

Taxes450/3€1k

Other amounts payable47/48€33k

Accrued charges and deferred income492/3€1k

Income statement Code2025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k

Other operating charges640/8€128

Gross operating margin9900€15k

Operating profit (loss)9901€8k

Financial charges65/66B€1k

Recurring financial charges65€1k

Profit (loss) for the period before taxes9903€7k

Income taxes67/77€704

Profit (loss) for the period9904€6k

Profit (loss) for the period to be appropriated9905€6k

Appropriation of the result

Profit (loss) to be appropriated9906€6k

Transfer to equity691/2€6k

To other reserves6921€6k

Social balance

Average headcount (FTE)90870.0

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 1Filings 1

2026

08-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

NBB filing

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, Torhout · 1 establishment unit since 2024

establishment The establishment unit on the map

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.

Kerselarenstraat 18820 Torhout

Ground area

632 m²

Building footprint

135 m²

Volume, LiDAR

520 m³

Parcel 31033I0495/00S000, Flanders · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Nitocon

Kerselarenstraat 1, 8820 TorhoutManufacture of metal structures and parts of structures

since 20242.365.192.669

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31033I0495/00S000	Flanders	632 m²	1 · 135 m²	8.0 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.

Public money · subsidies and aid

Flemish government

2024 · 1 entry · 1,656 EUR awarded · 1,656 EUR paid

Year	Entries	awarded	paid
2024	1	1,656 EUR	1,656 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 1,656 EUR · 1,656 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 813 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded09-10-2024

Fiscal year end31-12

Activities, NACEBEL

25110Manufacture of metal structures and parts of structures

74112Other professional, scientific and technical activities

33120Repair and maintenance of machinery

33140Repair and maintenance of electrical equipment

43211General electrical installation work

43230Insulation installation

43291Specialised construction activities

70200Business and other management consultancy

70220Business consulting

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.