Summary
NIVANCO 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 €416,388 and a net result of €171,740. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 6167 sector peers (fiscal year 2024). The company has been active since 2019 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 04-04-2025, 118 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
118 d early
2023
61 d late
2022
138 d early
2021
129 d early
2020
30 d late
2019
70 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 37 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
€416,388▼ 4.8%
2023 · €437,413
Net result
€171,740▲ 66.0%
2023 · €103,463
Total assets
€1.2m=
2023 · €1.2m
Solvency
35.7%▼ 1.8pp
2023 · 37.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€45,143▲ 21.0%€25,934▼ 42.6%€40,815▲ 57.4%-€20,496-€4,628▲ 77.4%
Net result€263,583above the sector's middle half▲ 1,057%€155,679within the sector's middle half▼ 40.9%€310,388above the sector's middle half▲ 99.4%€103,463within the sector's middle half▼ 66.7%€171,740within the sector's middle half▲ 66.0%
Equity€297,007within the sector's middle half▲ 789%€458,886within the sector's middle half▲ 54.5%€352,549within the sector's middle half▼ 23.2%€437,413within the sector's middle half▲ 24.1%€416,388within the sector's middle half▼ 4.8%
Total assets€2.9mwithin the sector's middle half▲ 87.6%€3.0mwithin the sector's middle half▲ 2.8%€2.8mwithin the sector's middle half▼ 8.6%€1.2mwithin the sector's middle half▼ 57.7%€1.2mwithin the sector's middle half=
Debt€2.6m▲ 72.2%€2.6m▼ 3.0%€2.4m▼ 6.0%€727,646▼ 69.7%€748,840▲ 2.9%
Working capital-€1.4mbelow the sector's middle half▼ 3,037%-€1.3mbelow the sector's middle half▲ 6.5%-€1.6mbelow the sector's middle half▼ 22.9%-€129,562within the sector's middle half▲ 91.9%-€243,480below the sector's middle half▼ 87.9%
Solvency10.1%below the sector's middle half▲ 8.0pp15.2%below the sector's middle half▲ 5.1pp12.8%below the sector's middle half▼ 2.4pp37.5%within the sector's middle half▲ 24.7pp35.7%within the sector's middle half▼ 1.8pp
Current ratio0.03below the sector's middle half▼ 0.400.09below the sector's middle half▲ 0.060.12below the sector's middle half▲ 0.020.02below the sector's middle half▼ 0.100.02below the sector's middle half▲ 0.01
Return on assets (ROA)9.0%within the sector's middle half▲ 7.5pp5.2%within the sector's middle half▼ 3.8pp11.3%within the sector's middle half▲ 6.1pp8.9%within the sector's middle half▼ 2.4pp14.7%above the sector's middle half▲ 5.9pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,628 in 2024 against €20,496 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.2m ▼ 0.3%
Current assets
€5,360 ▲ 157%
Equity and liabilities €1.2m
Equity
€416,388 ▼ 4.8%
Debt
€748,840 ▲ 2.9%
Debt's share of the balance-sheet total rises from 62.5% to 64.3%. Equity is lower and debt is higher.
Key figures and ratios
ROE
41.2%▲
2023 · 23.7%
Debt ≤ 1 year
€248,840▲
2023 · €131,646
Debt > 1 year
€500,000▼
2023 · €596,000
Income taxes
€10,653▼
2023 · €16,197
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €749 | €828 | €806 | €38,765 | €39,705 | ▲ 2.4% |
| Other operating charges640/8 | - | - | €980 | €1,075 | €1,209 | ▲ 12.4% |
| Non-recurring operating charges66A | - | - | €1,981 | €126 | - | - |
| Gross operating margin9900 | €46,349 | €27,741 | €44,583 | €19,470 | €36,286 | ▲ 86.4% |
| Operating profit (loss)9901 | €45,143 | €25,934 | €40,815 | -€20,496 | -€4,628 | ▲ 77.4% |
| Financial income75/76B | - | - | €317,814 | €140,280 | €187,086 | ▲ 33.4% |
| Recurring financial income75 | €234,740 | €143,439 | €317,814 | €140,280 | €187,086 | ▲ 33.4% |
| Financial charges65/66B | - | - | €5,785 | €124 | €66 | ▼ 46.6% |
| Recurring financial charges65 | €8,695 | €8,177 | €5,785 | €124 | €66 | ▼ 46.6% |
| Profit (loss) for the period before taxes9903 | €271,188 | €161,195 | €352,844 | €119,660 | €182,392 | ▲ 52.4% |
| Income taxes67/77 | €7,605 | €5,517 | €42,456 | €16,197 | €10,653 | ▼ 34.2% |
| Profit (loss) for the period9904 | €263,583 | €155,679 | €310,388 | €103,463 | €171,740 | ▲ 66.0% |
| Profit (loss) for the period to be appropriated9905 | €263,583 | €155,679 | €310,388 | €103,463 | €171,740 | ▲ 66.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €3.0m | €2.8m | €1.2m | €1.2m | = |
| Fixed assets21/28 | €2.9m | €2.9m | €2.5m | €1.2m | €1.2m | ▼ 0.3% |
| Intangible fixed assets21 | - | - | - | €147,049 | €110,287 | ▼ 25.0% |
| Tangible fixed assets22/27 | €2,919 | €2,091 | €6,785 | €9,452 | €8,108 | ▼ 14.2% |
| Furniture and vehicles24 | - | - | €6,785 | €9,452 | €8,108 | ▼ 14.2% |
| Financial fixed assets28 | €2.9m | €2.9m | €2.5m | €1.0m | €1.0m | ▲ 3.5% |
| Current assets29/58 | €49,846 | €133,550 | €213,859 | €2,084 | €5,360 | ▲ 157% |
| Amounts receivable within one year40/41 | €6,042 | €6,991 | €7,057 | €73 | €4,435 | ▲ 5,938% |
| Other amounts receivable41 | - | - | €7,057 | €73 | €4,435 | ▲ 5,938% |
| Cash at bank and in hand54/58 | €43,804 | €126,559 | €206,717 | €1,923 | €839 | ▼ 56.4% |
| Deferred charges and accrued income490/1 | - | - | €85 | €87 | €87 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €3.0m | €2.8m | €1.2m | €1.2m | = |
| Equity10/15 | €297,007 | €458,886 | €352,549 | €437,413 | €416,388 | ▼ 4.8% |
| Contributions10/11 | - | - | €18,600 | €2,232 | €2,232 | = |
| Reserves13 | €284,607 | €440,286 | €333,949 | €435,181 | €414,156 | ▼ 4.8% |
| Distributable reserves133 | - | - | €333,949 | €435,181 | €414,156 | ▼ 4.8% |
| Amounts payable17/49 | €2.6m | €2.6m | €2.4m | €727,646 | €748,840 | ▲ 2.9% |
| Amounts payable after more than one year17 | €1.2m | €1.1m | €596,000 | €596,000 | €500,000 | ▼ 16.1% |
| Financial debts170/4 | - | - | €596,000 | €596,000 | €500,000 | ▼ 16.1% |
| Amounts payable within one year42/48 | €1.4m | €1.4m | €1.8m | €131,646 | €248,840 | ▲ 89.0% |
| Trade debts44 | €7,727 | €1,403 | €67 | €1,343 | €2,703 | ▲ 101% |
| Suppliers440/4 | - | - | €67 | €1,343 | €2,703 | ▲ 101% |
| Taxes, remuneration and social security45 | - | - | €37,776 | €7,922 | €1,725 | ▼ 78.2% |
| Taxes450/3 | - | - | €37,776 | €7,922 | €1,725 | ▼ 78.2% |
| Other amounts payable47/48 | - | - | €1.8m | €122,380 | €244,412 | ▲ 99.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €263,583 | €155,679 | €310,388 | €103,463 | €171,740 | ▲ 66.0% |
| + Depreciation and write-downs630 | €749 | €828 | €806 | €38,765 | €39,705 | ▲ 2.4% |
| Operating cash flow (approximation) | €264,332 | €156,507 | €311,194 | €142,228 | €211,445 | ▲ 48.7% |
| Investment in fixed assets (approximation) | - | €0 | €338,027 | €1.3m | -€36,599 | ▼ 103% |
| Change in cash | - | €82,754 | €80,159 | -€204,794 | -€1,085 | ▲ 99.5% |
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
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
15-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2019net €310,388 ▲99.4%
Net result €310,388, the highest in the series.
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Equity above €200,000Eq €297,007 ▲789%
2 profitable years in a row build equity to €297,007.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
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, Kortrijk · 1 establishment unit since 2019
Ground area
449 m²
Building footprint
226 m²
Volume, LiDAR
1,826 m³
Parcel 34022E0453/00S003, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NIVANCO
since 20192.284.703.653
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0453/00S003 | Flanders | 449 m² | 1 · 226 m² | 12.2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
67%
According to the 2023 annual accounts of NIVANCO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 829 EUR awarded · 829 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 829 EUR | 829 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,730 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)
Founded24-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
82990Other business support services
Contact
Phone
056/735599Kortrijk
E-invoicing
Reachable via Peppol
Peppol ID
0208:0719352988
Also
9925:BE0719352988
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.