NITRA
ActiveSummary
NITRA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.68M and a net result of €792k. Equity is growing by ~28.8% per year across the filed fiscal years. Its solvency ranks better than 72% of 1865 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+1
Solvency84▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity short (current ratio 0.84 against 0.98 in 2024; short-term debt: 25.4% and cash: 2.8% of total assets), and 40.7% of the assets are financed with debt.
Credit check for your own amount and term
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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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 2025Solvency, return and age of the figures
Solvency
59.3%
Return on assets
12.8%
Age of the figures
9 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-02-2026, 164 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
164 d early
2024
148 d early
2023
138 d early
2022
144 d early
2021
145 d early
2020
60 d early
2019
136 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.68M▲ 27.4%
2024 · €2.89M
2018: €616klowest in 8 years
2019: €809k▲ +31.3% vs 2018
2020: €1.12M▲ +37.9% vs 2019
2021: €1.25M▲ +12.0% vs 2020
2022: €1.75M▲ +40.4% vs 2021
2023: €2.16M▲ +23.3% vs 2022
2024: €2.89M▲ +33.4% vs 2023
2025: €3.68M▲ +27.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€6.20M▲ 6.3%
2024 · €5.83M
2018: €3.01M
2019: €2.28M▼ -24.3% vs 2018
2020: €2.20M▼ -3.4% vs 2019
2021: €1.66M▼ -24.4% vs 2020lowest in 8 years
2022: €3.00M▲ +80.2% vs 2021
2023: €4.47M▲ +49.1% vs 2022
2024: €5.83M▲ +30.6% vs 2023
2025: €6.20M▲ +6.3% vs 2024highest in 8 years
2018 → 2025
Net result
€792k▲ 9.4%
2024 · €724k
2018: €141klowest in 8 years
2019: €194k▲ +36.9% vs 2018
2020: €263k▲ +35.7% vs 2019
2021: €179k▼ -31.8% vs 2020
2022: €506k▲ +182% vs 2021
2023: €410k▼ -19.0% vs 2022
2024: €724k▲ +76.6% vs 2023
2025: €792k▲ +9.4% vs 2024highest in 8 years
2018 → 2025
Working capital
€-245k▼ 589%
2024 · €-36k
2018: €-423klowest in 8 years
2019: €-203k▲ +52.0% vs 2018
2020: €167k▲ +182% vs 2019
2021: €1.02M▲ +514% vs 2020
2022: €1.10M▲ +7.9% vs 2021highest in 8 years
2023: €978k▼ -11.4% vs 2022
2024: €-36k▼ -104% vs 2023
2025: €-245k▼ -589% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.25M-€1.75M▲ 40.4%€2.16M▲ 23.3%€2.89M▲ 33.4%€3.68M▲ 27.4%
2021: €1.25Mlowest in 5 years
2022: €1.75M▲ +40.4% vs 2021
2023: €2.16M▲ +23.3% vs 2022
2024: €2.89M▲ +33.4% vs 2023
2025: €3.68M▲ +27.4% vs 2024highest in 5 years
Operating result€262k-€630k▲ 141%€594k▼ 5.8%€989k▲ 66.6%€1.08M▲ 9.6%
2021: €262klowest in 5 years
2022: €630k▲ +141% vs 2021
2023: €594k▼ -5.8% vs 2022
2024: €989k▲ +66.6% vs 2023
2025: €1.08M▲ +9.6% vs 2024highest in 5 years
Net result€179k-€506k▲ 182%€410k▼ 19.0%€724k▲ 76.6%€792k▲ 9.4%
2021: €179klowest in 5 years
2022: €506k▲ +182% vs 2021
2023: €410k▼ -19.0% vs 2022
2024: €724k▲ +76.6% vs 2023
2025: €792k▲ +9.4% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.20M
Fixed assets
€4.87M ▲ 22.4%
Current assets
€1.33M ▼ 28.3%
Equity and liabilities €6.20M
Equity
€3.68M ▲ 27.4%
Debt
€2.53M ▼ 14.3%
Debt's share of the balance-sheet total falls from 50.5% to 40.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.99M▲
2024 · €1.50M
Cash flow
€1.70M▲
2024 · €1.24M
Current ratio
0.84▼
2024 · 0.98
Debt to equity
0.69▼
2024 · 1.02
ROE
21.5%▼
2024 · 25.1%
ROA
12.8%▲
2024 · 12.4%
Interest coverage
25.88▲
2024 · 22.22
Debt ≤ 1 year
€1.57M▼
2024 · €1.89M
Debt > 1 year
€951k▼
2024 · €1.06M
Income taxes
€215k▲
2024 · €198k
Staff costs
€2.13M▲
2024 · €2.01M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.83M€6.20M▲
Fixed assets21/28€3.98M€4.87M▲
Tangible fixed assets22/27€3.96M€4.86M▲
Land and buildings22€1.76M€1.71M▼
Plant, machinery and equipment23€120k€84k▼
Furniture and vehicles24€2.09M€3.07M▲
Financial fixed assets28€16k€17k▲
Current assets29/58€1.85M€1.33M▼
Amounts receivable within one year40/41€1.43M€1.04M▼
Trade receivables40€1.41M€1.03M▼
Other amounts receivable41€27k€12k▼
Cash at bank and in hand54/58€273k€172k▼
Deferred charges and accrued income490/1€148k€121k▼
Equity and liabilities
Total equity and liabilities10/49€5.83M€6.20M▲
Equity10/15€2.89M€3.68M▲
Contributions10/11€19k€19k=
Reserves13€468k€468k=
Tax-exempt reserves132€24k€24k=
Distributable reserves133€444k€444k=
Profit (loss) carried forward14€2.40M€3.19M▲
Amounts payable17/49€2.95M€2.53M▼
Amounts payable after more than one year17€1.06M€951k▼
Financial debts170/4€1.06M€951k▼
Amounts payable within one year42/48€1.89M€1.57M▼
Current portion of amounts payable after more than one year42€842k€934k▲
Trade debts44€487k€72k▼
Suppliers440/4€487k€72k▼
Taxes, remuneration and social security45€371k€422k▲
Taxes450/3€105k€72k▼
Remuneration and social security454/9€266k€351k▲
Other amounts payable47/48€189k€145k▼
Income statement
Code20242025
Remuneration, social security and pensions62€2.01M€2.13M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€513k€904k▲
Other operating charges640/8€524k€546k▲
Gross operating margin9900€4.03M€4.66M▲
Operating profit (loss)9901€989k€1.08M▲
Financial income75/76B€206€35▼
Recurring financial income75€206€35▼
Financial charges65/66B€68k€77k▲
Recurring financial charges65€68k€77k▲
Profit (loss) for the period before taxes9903€921k€1.01M▲
Income taxes67/77€198k€215k▲
Profit (loss) for the period9904€724k€792k▲
Profit (loss) for the period to be appropriated9905€724k€792k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.40M€3.19M▲
Profit (loss) brought forward from the previous period14P€1.68M€2.40M▲
Profit to be distributed694/7€800€833▲
Return on contributions (dividend)694€800€833▲
Social balance
Average headcount (FTE)908736.240.0▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3k | - | - | - |
| Remuneration, social security and pensions62 | - | €1.30M | €1.81M | €2.01M | €2.13M | ▲ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €473k | €215k | €516k | €513k | €904k | ▲ 76.4% |
| Other operating charges640/8 | - | €295k | €362k | €524k | €546k | ▲ 4.2% |
| Non-recurring operating charges66A | - | - | €7k | - | - | - |
| Gross operating margin9900 | €2.31M | €2.44M | €3.29M | €4.03M | €4.66M | ▲ 15.6% |
| Operating profit (loss)9901 | €262k | €630k | €594k | €989k | €1.08M | ▲ 9.6% |
| Financial income75/76B | - | €25 | €63 | €206 | €35 | ▼ 83.1% |
| Recurring financial income75 | €61 | €25 | €63 | €206 | €35 | ▼ 83.1% |
| Financial charges65/66B | - | €13k | €59k | €68k | €77k | ▲ 13.7% |
| Recurring financial charges65 | €12k | €13k | €59k | €68k | €77k | ▲ 13.7% |
| Profit (loss) for the period before taxes9903 | €250k | €617k | €535k | €921k | €1.01M | ▲ 9.3% |
| Income taxes67/77 | €70k | €111k | €125k | €198k | €215k | ▲ 8.7% |
| Profit (loss) for the period9904 | €179k | €506k | €410k | €724k | €792k | ▲ 9.4% |
| Profit (loss) for the period to be appropriated9905 | €179k | €506k | €410k | €724k | €792k | ▲ 9.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.66M | €3.00M | €4.47M | €5.83M | €6.20M | ▲ 6.3% |
| Fixed assets21/28 | €362k | €1.20M | €2.47M | €3.98M | €4.87M | ▲ 22.4% |
| Tangible fixed assets22/27 | €349k | €1.19M | €2.46M | €3.96M | €4.86M | ▲ 22.5% |
| Land and buildings22 | - | €1k | €1.57M | €1.76M | €1.71M | ▼ 2.8% |
| Plant, machinery and equipment23 | - | €93k | €80k | €120k | €84k | ▼ 30.0% |
| Furniture and vehicles24 | - | €1.10M | €804k | €2.09M | €3.07M | ▲ 46.7% |
| Financial fixed assets28 | €14k | €15k | €15k | €16k | €17k | ▲ 4.8% |
| Current assets29/58 | €1.30M | €1.79M | €2.00M | €1.85M | €1.33M | ▼ 28.3% |
| Amounts receivable within one year40/41 | €1.08M | €1.34M | €1.76M | €1.43M | €1.04M | ▼ 27.7% |
| Trade receivables40 | - | €1.33M | €1.45M | €1.41M | €1.03M | ▼ 27.1% |
| Other amounts receivable41 | - | €4k | €315k | €27k | €12k | ▼ 56.3% |
| Cash at bank and in hand54/58 | €218k | €415k | €48k | €273k | €172k | ▼ 37.0% |
| Deferred charges and accrued income490/1 | - | €43k | €188k | €148k | €121k | ▼ 18.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.66M | €3.00M | €4.47M | €5.83M | €6.20M | ▲ 6.3% |
| Equity10/15 | €1.25M | €1.75M | €2.16M | €2.89M | €3.68M | ▲ 27.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €468k | €468k | €468k | €468k | €468k | = |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | €24k | €24k | €24k | €24k | = |
| Distributable reserves133 | - | €442k | €444k | €444k | €444k | = |
| Profit (loss) carried forward14 | €763k | €1.27M | €1.68M | €2.40M | €3.19M | ▲ 33.0% |
| Amounts payable17/49 | €414k | €1.24M | €2.30M | €2.95M | €2.53M | ▼ 14.3% |
| Amounts payable after more than one year17 | - | €417k | €1.29M | €1.06M | €951k | ▼ 10.2% |
| Financial debts170/4 | - | €417k | €1.29M | €1.06M | €951k | ▼ 10.2% |
| Amounts payable within one year42/48 | €277k | €689k | €1.02M | €1.89M | €1.57M | ▼ 16.7% |
| Current portion of amounts payable after more than one year42 | - | €171k | €240k | €842k | €934k | ▲ 11.0% |
| Trade debts44 | €31k | €284k | €539k | €487k | €72k | ▼ 85.1% |
| Suppliers440/4 | - | €284k | €539k | €487k | €72k | ▼ 85.1% |
| Taxes, remuneration and social security45 | - | €233k | €219k | €371k | €422k | ▲ 13.9% |
| Taxes450/3 | - | €79k | €95k | €105k | €72k | ▼ 31.6% |
| Remuneration and social security454/9 | - | €153k | €125k | €266k | €351k | ▲ 31.8% |
| Other amounts payable47/48 | - | €800 | €20k | €189k | €145k | ▼ 23.2% |
| Accrued charges and deferred income492/3 | - | €137k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €179k | €506k | €410k | €724k | €792k | ▲ 9.4% |
| + Depreciation and write-downs630 | €473k | €215k | €516k | €513k | €904k | ▲ 76.4% |
| Operating cash flow (approximation) | €652k | €720k | €926k | €1.24M | €1.70M | ▲ 37.2% |
| Investment in fixed assets (approximation) | - | €-1.06M | €-1.78M | €-2.02M | €-1.80M | ▲ 11.1% |
| Change in cash | - | €197k | €-366k | €224k | €-101k | ▼ 145% |
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
Next filing, fiscal year 2026, expected by
2026
17-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €792k ▲9.4%
Operating result €1.08M, net result €792k, both a record.
05-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2MEq €2.16M ▲23.3%
6 profitable years in a row build equity to €2.16M.
09-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 4.70
Current ratio from 1.16 to 4.70; short-term debt falls from €1.07M to €277k.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €1MEq €1.12M ▲37.9%
3 profitable years in a row build equity to €1.12M.
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Maldegem · 1 establishment unit since 2005
Ground area
2,004 m²
Building footprint
176 m²
Volume, LiDAR
906 m³
Parcel 43010B1543/00P000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nitra
since 20052.149.159.120
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43010B1543/00P000 | Flanders | 2,004 m² | 1 · 176 m² | 8.4 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 70,257 EUR awarded · 70,257 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,086 EUR | 4,086 EUR |
| 2024 | 1 | 2,571 EUR | 2,571 EUR |
| 2023 | 2 | 8,039 EUR | 8,039 EUR |
| 2022 | 2 | 55,561 EUR | 55,561 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 2,111 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
Founded14-09-2005
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.