NIVAN
ActiveSummary
NIVAN has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €4k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 79% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 3.8 against 6.73 in 2024; short-term debt: 18.8% and cash: 48.3% of total assets), and 18.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
81.2%
Return on assets
8.2%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
38 d early
2023
51 d early
2022
35 d early
2021
51 d early
2020
1 d early
2019
70 d late
← 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, micro schema
Equity
€42k▲ 6.1%
2024 · €39k
2018: €26klowest in 8 years
2019: €28k▲ +10.7% vs 2018
2020: €32k▲ +12.6% vs 2019
2021: €33k▲ +1.9% vs 2020
2022: €36k▲ +10.3% vs 2021
2023: €38k▲ +5.4% vs 2022
2024: €39k▲ +3.2% vs 2023
2025: €42k▲ +6.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€51k▲ 13.5%
2024 · €45k
2018: €30klowest in 8 years
2019: €33k▲ +11.1% vs 2018
2020: €36k▲ +8.2% vs 2019
2021: €37k▲ +3.9% vs 2020
2022: €42k▲ +14.4% vs 2021
2023: €45k▲ +6.3% vs 2022
2024: €45k▲ +0.4% vs 2023
2025: €51k▲ +13.5% vs 2024highest in 8 years
2018 → 2025
Net result
€4k▲ 47.4%
2024 · €3k
2018: €1klowest in 8 years
2019: €3k▲ +115% vs 2018
2020: €5k▲ +88.9% vs 2019highest in 8 years
2021: €2k▼ -57.6% vs 2020
2022: €5k▲ +125% vs 2021
2023: €4k▼ -28.4% vs 2022
2024: €3k▼ -20.4% vs 2023
2025: €4k▲ +47.4% vs 2024
2018 → 2025
Working capital
€27k▼ 20.6%
2024 · €34k
2018: €26k
2019: €28k▲ +10.9% vs 2018
2020: €14k▼ -51.6% vs 2019lowest in 8 years
2021: €17k▲ +20.0% vs 2020
2022: €18k▲ +9.0% vs 2021
2023: €26k▲ +46.3% vs 2022
2024: €34k▲ +28.7% vs 2023highest in 8 years
2025: €27k▼ -20.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€33k-€36k▲ 10.3%€38k▲ 5.4%€39k▲ 3.2%€42k▲ 6.1%
2021: €33klowest in 5 years
2022: €36k▲ +10.3% vs 2021
2023: €38k▲ +5.4% vs 2022
2024: €39k▲ +3.2% vs 2023
2025: €42k▲ +6.1% vs 2024highest in 5 years
Operating result€6k-€9k▲ 59.1%€6k▼ 30.5%€6k▼ 9.7%€7k▲ 21.7%
2021: €6k
2022: €9k▲ +59.1% vs 2021highest in 5 years
2023: €6k▼ -30.5% vs 2022
2024: €6k▼ -9.7% vs 2023lowest in 5 years
2025: €7k▲ +21.7% vs 2024
Net result€2k-€5k▲ 125%€4k▼ 28.4%€3k▼ 20.4%€4k▲ 47.4%
2021: €2klowest in 5 years
2022: €5k▲ +125% vs 2021highest in 5 years
2023: €4k▼ -28.4% vs 2022
2024: €3k▼ -20.4% vs 2023
2025: €4k▲ +47.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 22% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51k
Fixed assets
€15k ▲ 179%
Current assets
€37k ▼ 8.3%
Equity and liabilities €51k
Equity
€42k ▲ 6.1%
Debt
€10k ▲ 62.4%
Debt's share of the balance-sheet total rises from 13.1% to 18.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11k▼
2024 · €12k
Cash flow
€9k▼
2024 · €9k
Current ratio
3.80▼
2024 · 6.73
Debt to equity
0.23▲
2024 · 0.15
ROE
10.0%▲
2024 · 7.2%
ROA
8.2%▲
2024 · 6.3%
Interest coverage
18.89▲
2024 · 17.95
Debt ≤ 1 year
€10k▲
2024 · €6k
Income taxes
€2k▼
2024 · €2k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€45k€51k▲
Fixed assets21/28€5k€15k▲
Tangible fixed assets22/27€5k€15k▲
Plant, machinery and equipment23€3k€955▼
Furniture and vehicles24€545€5k▲
Other tangible fixed assets26€2k€9k▲
Current assets29/58€40k€37k▼
Amounts receivable within one year40/41€12k€12k▼
Trade receivables40€12k€11k▼
Other amounts receivable41€333€365▲
Cash at bank and in hand54/58€28k€25k▼
Equity and liabilities
Total equity and liabilities10/49€45k€51k▲
Equity10/15€39k€42k▲
Contributions10/11€6k€6k=
Reserves13€33k€35k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€29k€31k▲
Amounts payable17/49€6k€10k▲
Amounts payable within one year42/48€6k€10k▲
Trade debts44€155€229▲
Suppliers440/4€155€229▲
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€4k€8k▲
Other amounts payable47/48€2k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€4k▼
Other operating charges640/8€1k€845▼
Gross operating margin9900€13k€12k▼
Operating profit (loss)9901€6k€7k▲
Financial charges65/66B€674€595▼
Recurring financial charges65€674€595▼
Profit (loss) for the period before taxes9903€5k€6k▲
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€3k€4k▲
Profit (loss) for the period to be appropriated9905€3k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€4k▲
Transfer to equity691/2€1k€2k▲
To other reserves6921€1k€2k▲
Profit to be distributed694/7€2k€2k▲
Return on contributions (dividend)694€2k€2k▲
The notes to these accounts (7 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 | - | €5k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €6k | €6k | €6k | €4k | ▼ 32.4% |
| Other operating charges640/8 | €2k | €1k | €1k | €1k | €845 | ▼ 16.4% |
| Gross operating margin9900 | €12k | €16k | €14k | €13k | €12k | ▼ 7.7% |
| Operating profit (loss)9901 | €6k | €9k | €6k | €6k | €7k | ▲ 21.7% |
| Financial income75/76B | €0 | - | €1 | - | - | - |
| Recurring financial income75 | €0 | - | €1 | - | - | - |
| Financial charges65/66B | €337 | €480 | €858 | €674 | €595 | ▼ 11.6% |
| Recurring financial charges65 | €337 | €480 | €858 | €674 | €595 | ▼ 11.6% |
| Profit (loss) for the period before taxes9903 | €5k | €9k | €5k | €5k | €6k | ▲ 26.2% |
| Income taxes67/77 | €3k | €4k | €2k | €2k | €2k | ▼ 1.4% |
| Profit (loss) for the period9904 | €2k | €5k | €4k | €3k | €4k | ▲ 47.4% |
| Profit (loss) for the period to be appropriated9905 | €2k | €5k | €4k | €3k | €4k | ▲ 47.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37k | €42k | €45k | €45k | €51k | ▲ 13.5% |
| Fixed assets21/28 | €16k | €18k | €12k | €5k | €15k | ▲ 179% |
| Tangible fixed assets22/27 | €16k | €18k | €12k | €5k | €15k | ▲ 179% |
| Plant, machinery and equipment23 | €4k | €6k | €4k | €3k | €955 | ▼ 63.8% |
| Furniture and vehicles24 | €6k | €4k | €2k | €545 | €5k | ▲ 765% |
| Other tangible fixed assets26 | €6k | €8k | €5k | €2k | €9k | ▲ 337% |
| Current assets29/58 | €21k | €24k | €33k | €40k | €37k | ▼ 8.3% |
| Amounts receivable within one year40/41 | €11k | €12k | €12k | €12k | €12k | ▼ 0.8% |
| Trade receivables40 | €11k | €11k | €11k | €12k | €11k | ▼ 1.1% |
| Other amounts receivable41 | - | €398 | €630 | €333 | €365 | ▲ 9.4% |
| Cash at bank and in hand54/58 | €10k | €12k | €21k | €28k | €25k | ▼ 11.5% |
| Deferred charges and accrued income490/1 | - | €140 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37k | €42k | €45k | €45k | €51k | ▲ 13.5% |
| Equity10/15 | €33k | €36k | €38k | €39k | €42k | ▲ 6.1% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €26k | €30k | €32k | €33k | €35k | ▲ 7.2% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €3k | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | €22k | €25k | €27k | €29k | €31k | ▲ 8.3% |
| Amounts payable17/49 | €4k | €6k | €7k | €6k | €10k | ▲ 62.4% |
| Amounts payable within one year42/48 | €4k | €6k | €7k | €6k | €10k | ▲ 62.4% |
| Trade debts44 | €1k | €133 | €941 | €155 | €229 | ▲ 48.0% |
| Suppliers440/4 | €1k | €133 | €941 | €155 | €229 | ▲ 48.0% |
| Taxes, remuneration and social security45 | €1k | €4k | €4k | €4k | €8k | ▲ 82.1% |
| Taxes450/3 | €1k | €4k | €4k | €4k | €8k | ▲ 82.1% |
| Other amounts payable47/48 | €2k | €2k | €2k | €2k | €2k | ▲ 12.5% |
| Accrued charges and deferred income492/3 | - | €120 | €81 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €5k | €4k | €3k | €4k | ▲ 47.4% |
| + Depreciation and write-downs630 | €5k | €6k | €6k | €6k | €4k | ▼ 32.4% |
| Operating cash flow (approximation) | €7k | €11k | €10k | €9k | €9k | ▼ 8.0% |
| Investment in fixed assets (approximation) | - | €-8k | €0 | €0 | €-14k | - |
| Change in cash | - | €2k | €9k | €7k | €-3k | ▼ 147% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €5k ▲88.9%
Operating result €10k, net result €5k, both a record.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Oosterzele · 1 establishment unit since 1995
Ground area
276 m²
Building footprint
86 m²
Parcel 44052C0786/00T000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
NIVAN
since 19952.051.645.812
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44052C0786/00T000 | Flanders | 276 m² | 1 · 86 m² | 0.1 m |
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.
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Of 2,267 companies in sector 69209 we hold annual accounts for 1,098. 756 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 (pre-2019)
Founded15-01-1991
Fiscal year end31-12
Activities, NACEBEL 2025
69209Other tax advisory services
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.