Turnover
≈ €100,000 estimated
The abbreviated format states no turnover.
Nitocon
Overview
Lifetime
1 annual account with figurespeak €14,893 (2025)
€14,893
peak €6,268 (2025)
€6,268
peak €11,268 (2025)
€11,268
€107,348
peak 0 FTE (2025)
0 FTE
Board2 names since 2024
2 directorsOdiga and 1 other
Documentsfilings and deeds
08-07-202623 days before the deadline
2025abbreviated format
First year with figures
Key points
from the 2025 annual accountsDebts
€107,348 91% of the balance sheet
Suppliers 68%Taxes and wages 1%Other 31%
Of this, €106,142 falls due within a year.
Position in the sector
€11,268
Less equity than 92% of companies in fabricated metal products. Sector median €441,307 · 1,244 companies.
Checked score
49
Fair
Financially stronger than 22% of micro companies in fabricated metal products (NACE 25)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,707 companies (NACE 25, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 1.8%lowest value
12-2025: 1.9%▲ +0.1 percentage points vs 11-2025
01-2026: 1.9%● unchanged vs 12-2025
02-2026: 2.4%▲ +0.5 percentage points vs 01-2026
03-2026: 2.4%● unchanged vs 02-2026
04-2026: 2.7%▲ +0.3 percentage points vs 03-2026
05-2026: 2.9%▲ +0.2 percentage points vs 04-2026
06-2026: 3.0%▲ +0.1 percentage points vs 05-2026
07-2026: 2.9%▼ -0.1 percentage points vs 06-2026
08-2026: 3.0%▲ +0.1 percentage points vs 07-2026
09-2026: 3.0%● unchanged vs 08-2026
10-2026: 3.2%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 3.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Founded in 2024
Liquidity: current ratio 0.90, cash €459
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Size: total assets €118,616
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro). It does better than 13% of them on solvency, 2% on liquidity and 51% on profitability.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,157 companies had the same profile as Nitocon has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
2.8%
stopped another way
3.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Nitocon itself: 3.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,157 companies, not a prediction for Nitocon. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.9, below 1. Short-term debt is 89.5% and cash 0.4% of total assets. 90.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1244 sector peers (2025).
NBB · sector comparisonPosition among 1244 sector peers
Solvency
better than 10%
← weakest
strongest →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
23 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- WITTOUCK Nick Roger Romain 500 sharesdeed of 11-10-2024
- WITTOUCK Tom Romain René 500 sharesdeed of 11-10-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1014875366
Incorporation
Founding capital of €5,000, 1,000 shares · Founders: WITTOUCK Nick Roger Romain and WITTOUCK Tom Romain René · Appointments: Tekenbureau Wittouck (director) and Odiga (director) · published on 11-10-2024 · Gazette deed
First establishment
Kerselarenstraat 1, Torhout
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Nitocon Torhout | €118,616 | €14,893 | 9.5% | 0 |
| ROMBAUT KOEN Sint-Niklaas | €65,499 | €18,275 | 59.1% | 0 |
| BRUWELDING Berchem-Sainte-Agathe | €111,161 | €12,280 | 94.2% | 1 |
| STUER CONSTRUCT Sint-Niklaas | €113,383 | €24,231 | 36.5% | 0 |
| Desaeyer Kevin Zedelgem | €103,337 | €18,362 | 49.5% | - |
| De Wit Metaalconstructie Gistel | €148,422 | €18,363 | 12.8% | - |
| SuCofix Zedelgem | €101,601 | €12,684 | 84.9% | - |
These companies have the same main activity as Nitocon: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €65,500 and €148,000, founded between 2021 and 2025.
Official details
Source: KBO- Status
- Active since 09-10-2024Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 6 others
- Establishment unit
- 2.365.192.6698820 Torhout, since 09-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 30-10-2024
Annual accounts 2025
- €14,893
- €6,268
- €11,268
- €118,616
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Insights on Nitocon
The computed 12-month bankruptcy probability of Nitocon is 3.2% (moderate). The 2025 annual accounts show equity of €11,268 and a net result of €6,268.
Its solvency ranks better than 10% of 1,244 sector peers (NACE 25, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 08-07-2026, 23 days before the deadline€14,893
€8,393
€6,268
-€10,247
9.5%
0.90
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €100,000. Estimated: probably between €42,000 and €200,000.
Balance sheet
balance sheet total €118,616 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
9.5%
Higher than 10% of 1,244 companies in 2025.
0.90
Higher than 15% of 1,225 companies in 2025.
5.3%
Higher than 52% of 1,243 companies in 2025.
Nitocon
Middle half of the sector
80% of the sector
Abbreviated accounts in fabricated metal products (NACE 25)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
118,616 | |
21/28 |
22,722 | |
21 |
11,294 | |
22/27 |
11,428 | |
24 |
11,428 | |
29/58 |
95,895 | |
40/41 |
62,729 | |
40 |
62,728 | |
41 |
1 | |
54/58 |
459 | |
490/1 |
32,707 | |
| Balance sheet: equity and liabilities | ||
10/49 |
118,616 | |
10/15 |
11,268 | |
10/11 |
5,000 | |
13 |
6,268 | |
133 |
6,268 | |
17/49 |
107,348 | |
42/48 |
106,142 | |
44 |
72,492 | |
440/4 |
72,492 | |
45 |
1,044 | |
450/3 |
1,044 | |
47/48 |
32,606 | |
492/3 |
1,207 | |
| Income statement | ||
9900 |
14,893 | |
630 |
6,371 | |
640/8 |
128 | |
9901 |
8,393 | |
65/66B |
1,421 | |
65 |
1,421 | |
9903 |
6,972 | |
67/77 |
704 | |
9904 |
6,268 | |
9905 |
6,268 | |
| Appropriation of the result | ||
9906 |
6,268 | |
691/2 |
6,268 | |
6921 |
6,268 | |
| Social balance sheet | ||
9087 |
0 | |
| Document | ||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 08-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-07-2026 | 2026-00266763 |
Subsidies and aid
Flemish government 2024, 1 entry, €1,656 awarded, €1,656 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 14,765 | ||
| 12,639 | ||
| 29,093 | ||
| -10,247 | ||
| 9.5% | ||
| 0.90 | ||
| 9.53 | ||
| 55.6% | ||
| 5.3% | ||
| 10.39 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €14,361 |
| Intangible fixed assets | €14,732 |
| €6,371 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on Nitocon
Debt's share of the balance-sheet total is 90.5%.
Board & ownership
Board
2 directors, since incorporationOdiga BV
Director (not named in the articles), permanent representative WITTOUCK Nick Roger Romain
since 09-10-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 08-07-2026
Director (not named in the articles), permanent representative WITTOUCK Tom Romain René
since 09-10-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 08-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Externe vertegenwoordiging van de vennootschap § 1. Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser…”deed of 11-10-2024
Permanent representatives 2
WITTOUCK Tom Romain René
Permanent representative, for Tekenbureau Wittouck
appointed by deed of 11-10-2024
Mandates through the years
2 names, the dashed line is todayOdiga
Director (not named in the articles)
Director (not named in the articles)
Tekenbureau Wittouck
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- Odiga
- Director (not named in the articles), from 09-10-2024 to date
- Tekenbureau Wittouck
- Director (not named in the articles), from 09-10-2024 to date
Control
Founders
WITTOUCK Nick Roger Romain, WITTOUCK Tom Romain René
This company
Nitocon
Equity €11,268
Profit €6,268 in 2025
Capital
- Contribution
- €5,000
- Shares
- 1,000
- Contribution per share
- €5
- Equity per share
- €11.27 in 2025
- Source
- deed of 11-10-2024
Articles of association
deed of 11-10-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “JAARVERGADERING: Ieder jaar wordt een gewone algemene vergadering van aandeelhouders gehouden op de zetel, de vijftiende van de maand juni…”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 11-10-2024 ↗
- WITTOUCK Nick Roger Romain 500 shares (50%) · €2,500
- WITTOUCK Tom Romain René 500 shares (50%) · €2,500
Network & group
No group
Nitocon has no parent and no holdings in its annual accounts. Nitocon shares no director with another company.
At the same address
Kerselarenstraat 1, 8820 Torhout · 2 other companies| Tekenbureau Wittouck
registered office since 09-05-2022 · founded in 2022 |
total assets €149,157 (2025) 0785.845.104 |
| Maertens, Jessica (sole trader)
establishment since 01-11-2012 |
founded in 2012 0849.920.433 |
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBabbreviated format · 23 days before the deadline
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:1014875366
IncorporationFounding capital of €5,000, 1,000 shares · Founders: WITTOUCK Nick Roger Romain and WITTOUCK Tom Romain René · Appointments: Tekenbureau Wittouck (director) and Odiga (director) · published on 11-10-202410 points ▸
- Founder, WITTOUCK Nick Roger Romain
- Founder, WITTOUCK Tom Romain René
- Founding capital, €5,000, 1,000 shares
- Registered office clause, Kerselarenstraat 1, 8820 Torhout
- Board rule, 2
- Director appointment, Tekenbureau Wittouck (director (not named in the articles))
- Permanent representative, WITTOUCK Tom Romain René
- Director appointment, Odiga (director (not named in the articles))
- Permanent representative, WITTOUCK Nick Roger Romain
- Permanent representative, Stijn PUYPE
- The deed holds 2 more points.
First establishment Kerselarenstraat 1, Torhout
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1014.875.366
- VAT number
- BE 1014.875.366
- Peppol ID
- 0208:1014875366
- Other Peppol ID
- 9925:BE1014875366
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 09-10-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “JAARVERGADERING: Ieder jaar wordt een gewone algemene vergadering van aandeelhouders gehouden op de zetel, de vijftiende van de maand juni…”deed of 11-10-2024 (in Dutch)
- Peppol
- Reachable since 30-10-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Nitocon in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 11-10-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 11-10-2024 (in Dutch)
Activities
NACEBEL 2025VAT activities
25110
Manufacture of metal structures and parts of structures main activity
43230
Insulation installation
Social security (RSZ) activities
74112
Other professional, scientific and technical activities main activity
Codes under NACEBEL 2008
25110
Manufacture of metal structures and parts of structures main activity
33120
Repair, maintenance and installation of machinery and equipment
33140
Repair, maintenance and installation of machinery and equipment
43211
Specialised construction activities
43291
Specialised construction activities
70220
Business consulting
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het verlenen van advies,het opmaken van studies en het opvolgen van werken bouwkunde,stabiliteit,infrastructuur,topografie,burgerlijke…”deed of 11-10-2024 (in Dutch)
7 activities
- Het verlenen van advies,het opmaken van studies en het opvolgen van werken bouwkunde,stabiliteit,infrastructuur,topografie,burgerlijke bouwkunde,bouwfysica,energie,technieken bouwkunde,industriële technieken en technisch beheer van gebouwen,zowel van private als van openbare aard;
- Het opmaken van plannen waaronder minstens doch niet uitsluitend begrepen:stabiliteitsplannen,wapeningsplannen,bouwaanvraagplannen,conceptplannen,architectuurplannen,3D-plannen,verkoopplannen,enz.;
- Het digitaliseren van bestaande plannen alsmede 3D-printing en de opmaak van 3D-renders en–plannen;
- Het opmaken van meetstaten en buigstaten.
- Het beleggen,het intekenen op,vast overnemen,plaatsen,kopen,verkopen en verhandelen van aandelen,deelbewijzen,obligaties,warrants,certificaten,schuldvorderingen,gelden en andere roerende waarden,uitgegeven door Belgische of buitenlandse ondernemingen al dan niet onder de vorm van handelsvennootschappen,administratiekantoren,instellingen en verenigingen al dan niet met een(semi)-publiekrechtelijk statuut;
- Het beheren van beleggingen en van participaties in dochtervennootschappen,het waarnemen van bestuurdersfuncties,het verlenen van advies,management en andere diensten.
- Het verstrekken van leningen en voorschotten onder eender welke vorm of duur,aan alle verbonden ondernemingen of ondernemingen waarin ze een participatie bezit,alsmede het waarborgen van alle verbintenissen van zelfde ondernemingen;
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Kerselarenstraat 1 registered office 8820 Torhout | 09-10-2024 | 2.365.192.669 |
Buildings and parcels at the address
- Ground area
- 632 m²
- Buildings
- 135 m²
- Volume, LiDAR
- 520 m³
- Tallest building
- 8.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31033I0495/00S000 | 632 m² | 1 · 135 m² | 8.0 m · 1 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1014.875.366