Summary
NITTON is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €952,311 and a net result of -€49,007. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 12% of 6157 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
21 d early
2023
on the day
2022
6 d early
2021
4 d early
2020
9 d early
2019
3 d early
2018
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€952,311
2023 · -€642,996
Net result
-€49,007▼ 2,429%
2023 · -€1,938
Total assets
€9.5m▲ 556,469%
2023 · €1,703
Solvency
10.0%▲ 37770.9pp
2023 · -37760.9%
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
Line20202021202220232024
Operating result-€2,411▼ 58.4%-€4,821▼ 100.0%-€3,996▲ 17.1%-€1,784▲ 55.3%-€13,284▼ 644%
Net result-€582,314▼ 34,197%-€4,958▲ 99.1%-€4,153▲ 16.2%-€1,938▲ 53.3%-€49,007▼ 2,429%
Equity-€631,948▼ 1,173%-€636,905▼ 0.8%-€641,058▼ 0.7%-€642,996▼ 0.3%€952,311
Total assets€20,108▼ 96.6%€15,362▼ 23.6%€10,674▼ 30.5%€1,703▼ 84.0%€9.5m▲ 556,469%
Debt€652,056▲ 2.6%€652,267=€651,731▼ 0.1%€644,698▼ 1.1%€8.5m▲ 1,222%
Working capital-€4,939▲ 99.2%-€10,018▼ 103%-€13,896▼ 38.7%€1,318-€1.3m
Solvency-3142.7%▼ 3134.2pp-4146.1%▼ 1003.3pp-6006.0%▼ 1860.0pp-37760.9%▼ 31754.8pp10.0%▲ 37770.9pp
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13,284 in 2024 against €1,784 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
Assets €9.5m
Fixed assets
€9.5m
Current assets
€27,311
Equity and liabilities €9.5m
Equity
€952,311
Debt
€8.5m
Debt finances 90.0% of the balance-sheet total.
Key figures and ratios
ROE
-5.1%
ROA
-0.5%
Debt ≤ 1 year
€1.4m▲
2023 · €384
Debt > 1 year
€7.2m▲
2023 · €644,314
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €591 | €592 | €516 | €774 | ▲ 49.9% |
| Gross operating margin9900 | -€1,821 | -€4,231 | -€3,404 | -€1,268 | -€12,510 | ▼ 886% |
| Operating profit (loss)9901 | -€2,411 | -€4,821 | -€3,996 | -€1,784 | -€13,284 | ▼ 644% |
| Financial charges65/66B | - | €136 | €157 | €153 | €35,723 | ▲ 23,207% |
| Recurring financial charges65 | €154 | €136 | €157 | €153 | €35,723 | ▲ 23,207% |
| Profit (loss) for the period before taxes9903 | -€582,314 | -€4,958 | -€4,153 | -€1,938 | -€49,007 | ▼ 2,429% |
| Profit (loss) for the period9904 | -€582,314 | -€4,958 | -€4,153 | -€1,938 | -€49,007 | ▼ 2,429% |
| Profit (loss) for the period to be appropriated9905 | -€582,314 | -€4,958 | -€4,153 | -€1,938 | -€49,007 | ▼ 2,429% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,108 | €15,362 | €10,674 | €1,703 | €9.5m | ▲ 556,469% |
| Fixed assets21/28 | €1 | - | - | - | €9.5m | - |
| Financial fixed assets28 | €1 | - | - | - | €9.5m | - |
| Current assets29/58 | €20,107 | €15,362 | €10,674 | €1,703 | €27,311 | ▲ 1,504% |
| Amounts receivable within one year40/41 | €6,000 | - | €2,666 | - | €2,447 | - |
| Trade receivables40 | - | - | €2,666 | - | - | - |
| Other amounts receivable41 | - | - | - | - | €2,447 | - |
| Cash at bank and in hand54/58 | €14,107 | €15,362 | €8,007 | €1,703 | €24,864 | ▲ 1,360% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,108 | €15,362 | €10,674 | €1,703 | €9.5m | ▲ 556,469% |
| Equity10/15 | -€631,948 | -€636,905 | -€641,058 | -€642,996 | €952,311 | ▲ 248% |
| Contributions10/11 | - | €126,000 | €126,000 | €126,000 | €1.8m | ▲ 1,305% |
| Profit (loss) carried forward14 | -€757,948 | -€762,905 | -€767,058 | -€768,996 | -€818,003 | ▼ 6.4% |
| Amounts payable17/49 | €652,056 | €652,267 | €651,731 | €644,698 | €8.5m | ▲ 1,222% |
| Amounts payable after more than one year17 | €626,814 | €626,814 | €626,814 | €644,314 | €7.2m | ▲ 1,011% |
| Financial debts170/4 | - | €626,814 | €626,814 | €644,314 | €7.2m | ▲ 1,011% |
| Amounts payable within one year42/48 | €25,046 | €25,380 | €24,570 | €384 | €1.4m | ▲ 355,626% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €1.3m | - |
| Trade debts44 | €476 | €810 | - | €384 | €0 | ▼ 100% |
| Suppliers440/4 | - | €810 | - | €384 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €24,570 | €24,570 | - | €25,000 | - |
| Accrued charges and deferred income492/3 | - | €73 | €348 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€582,314 | -€4,958 | -€4,153 | -€1,938 | -€49,007 | ▼ 2,429% |
| Operating cash flow (approximation) | -€582,314 | -€4,958 | -€4,153 | -€1,938 | -€49,007 | ▼ 2,429% |
| Change in cash | - | €1,254 | -€7,354 | -€6,305 | €23,161 | ▲ 467% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500,000Eq €952,311
Equity rises from -€642,996 to €952,311.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity times 10current ratio 4.43
Current ratio from 0.43 to 4.43; short-term debt falls from €24,570 to €384.
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet -€582,314
Net result drops to -€582,314, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Hamme (Vl.) · 1 establishment unit since 2011
Ground area
3,749 m²
Building footprint
1,939 m²
Volume, LiDAR
17,588 m³
Parcel 42452C0174/00V000, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
FOUR TOWERS
since 20112.198.828.365
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452C0174/00V000 | Flanders | 3,749 m² | 1 · 1,939 m² | 10.8 m · 3 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.
Similar companies · same sector, comparable size
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BE 0731.721.181
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Isosell International
BE 0724.844.079
Waregem · Eq €952,842
CEDAX
BE 0442.567.349
Zedelgem · Eq €951,621
BIOTOPS
BE 0662.509.307
Tournai · Eq €953,136
Of 24,729 companies in sector 64210 we hold annual accounts for 19,771. 12,785 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
Founded21-04-2011
Fiscal year end31-12
Abbreviation NL
19N
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.