NIVEAU
ActiveSummary
NIVEAU has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.4m and a net result of €81,063. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 85% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability49▼-51
Solvency100▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 5.45 against 3.24 in 2023; short-term debt: 18.4% and cash: 3.6% of total assets), and 19.1% of the assets are financed with debt.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 2024Solvency, return and age of the figures
Solvency
80.9%
Return on assets
4.6%
Age of the figures
21 mo
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 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
49 d early
2022
25 d late
2021
59 d early
2020
26 d early
2019
51 d early
← 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 34 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#5 company by equity in Hulshout, Real estate sector#8 oldest company in Hulshout, Real estate sector
Equity
€1.4m▲ 6.0%
2023 · €1.3m
Total assets
€1.8m▼ 10.9%
2023 · €2.0m
Net result
€81,063▼ 87.4%
2023 · €642,415
Working capital
€1.4m▲ 5.2%
2023 · €1.4m
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€14,149▼ 72.8%€153,346▲ 984%€143,778▼ 6.2%€946,726▲ 558%€102,327▼ 89.2%
Net result€11,967▼ 52.9%€98,640▲ 724%€104,129▲ 5.6%€642,415▲ 517%€81,063▼ 87.4%
Equity€494,752▲ 2.5%€593,393▲ 19.9%€697,522▲ 17.5%€1.3m▲ 92.1%€1.4m▲ 6.0%
Total assets€2.1m▲ 6.6%€3.4m▲ 59.8%€3.5m▲ 1.4%€2.0m▼ 43.0%€1.8m▼ 10.9%
Debt€1.6m▲ 7.9%€2.8m▲ 71.9%€2.8m▼ 2.0%€629,472▼ 77.2%€334,444▼ 46.9%
Working capital€493,511▲ 1.9%€598,171▲ 21.2%€697,522▲ 16.6%€1.4m▲ 95.3%€1.4m▲ 5.2%
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 falls in 2024; 2024 is 89% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €1.8m
Equity
€1.4m ▲ 6.0%
Debt
€334,444 ▼ 46.9%
Debt's share of the balance-sheet total falls from 32.0% to 19.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
5.45▲
2023 · 3.24
Quick ratio
3.94▲
2023 · 2.19
Debt to equity
0.24▼
2023 · 0.47
ROE
5.7%▼
2023 · 47.9%
ROA
4.6%▼
2023 · 32.6%
Debt ≤ 1 year
€322,309▼
2023 · €607,010
Income taxes
€41,740▼
2023 · €303,323
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,684 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,241 | €1,241 | - | - | - | - |
| Other operating charges640/8 | - | €987 | €988 | €1,089 | €1,106 | ▲ 1.6% |
| Gross operating margin9900 | €16,376 | €155,574 | €144,766 | €947,815 | €103,434 | ▼ 89.1% |
| Operating profit (loss)9901 | €14,149 | €153,346 | €143,778 | €946,726 | €102,327 | ▼ 89.2% |
| Financial income75/76B | - | €4,573 | €12,673 | €25,921 | €34,397 | ▲ 32.7% |
| Recurring financial income75 | €4,087 | €4,573 | €12,673 | €25,921 | €34,397 | ▲ 32.7% |
| Financial charges65/66B | - | €13,330 | €3,671 | €26,909 | €13,920 | ▼ 48.3% |
| Recurring financial charges65 | €719 | €13,330 | €3,671 | €26,909 | €13,920 | ▼ 48.3% |
| Profit (loss) for the period before taxes9903 | €17,518 | €144,589 | €152,779 | €945,738 | €122,803 | ▼ 87.0% |
| Income taxes67/77 | €5,551 | €45,949 | €48,650 | €303,323 | €41,740 | ▼ 86.2% |
| Profit (loss) for the period9904 | €11,967 | €98,640 | €104,129 | €642,415 | €81,063 | ▼ 87.4% |
| Profit (loss) for the period to be appropriated9905 | €11,967 | €98,640 | €104,129 | €642,415 | €81,063 | ▼ 87.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €3.4m | €3.5m | €2.0m | €1.8m | ▼ 10.9% |
| Fixed assets21/28 | €1,241 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1,241 | - | - | - | - | - |
| Current assets29/58 | €2.1m | €3.4m | €3.5m | €2.0m | €1.8m | ▼ 10.9% |
| Stocks and contracts in progress3 | €1.3m | €2.7m | €2.2m | €637,526 | €485,317 | ▼ 23.9% |
| Stocks30/36 | - | €2.7m | €2.2m | €637,526 | €485,317 | ▼ 23.9% |
| Amounts receivable within one year40/41 | €456,752 | €510,905 | €525,328 | €708,348 | €806,141 | ▲ 13.8% |
| Other amounts receivable41 | - | €510,905 | €525,328 | €708,348 | €806,141 | ▲ 13.8% |
| Current investments50/53 | - | - | €500,000 | €400,000 | €400,000 | = |
| Cash at bank and in hand54/58 | €389,129 | €232,726 | €197,203 | €223,535 | €63,987 | ▼ 71.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €3.4m | €3.5m | €2.0m | €1.8m | ▼ 10.9% |
| Equity10/15 | €494,752 | €593,393 | €697,522 | €1.3m | €1.4m | ▲ 6.0% |
| Contributions10/11 | €124,000 | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Capital10 | - | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Issued capital100 | - | €124,000 | €124,000 | €124,000 | €124,000 | = |
| Reserves13 | €192,300 | €290,900 | €394,900 | €1.0m | €1.1m | ▲ 7.8% |
| Non-distributable reserves130/1 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Legal reserve130 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Distributable reserves133 | - | €278,500 | €382,500 | €1.0m | €1.1m | ▲ 7.9% |
| Profit (loss) carried forward14 | €178,452 | €178,493 | €178,622 | €179,037 | €179,101 | = |
| Amounts payable17/49 | €1.6m | €2.8m | €2.8m | €629,472 | €334,444 | ▼ 46.9% |
| Amounts payable within one year42/48 | €1.6m | €2.8m | €2.8m | €607,010 | €322,309 | ▼ 46.9% |
| Financial debts43 | - | €610,000 | - | €63,600 | - | - |
| Credit institutions430/8 | - | €610,000 | - | €63,600 | - | - |
| Trade debts44 | €300 | €400 | €469 | €1,316 | - | - |
| Suppliers440/4 | - | €400 | €469 | €1,316 | - | - |
| Advances received on contracts in progress46 | - | €1.4m | €1.9m | €130,000 | - | - |
| Taxes, remuneration and social security45 | - | - | €10,400 | €116,200 | €11,460 | ▼ 90.1% |
| Taxes450/3 | - | - | €10,400 | €116,200 | €11,460 | ▼ 90.1% |
| Other amounts payable47/48 | - | €797,039 | €796,720 | €295,894 | €310,849 | ▲ 5.1% |
| Accrued charges and deferred income492/3 | - | €4,778 | - | €22,462 | €12,135 | ▼ 46.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,967 | €98,640 | €104,129 | €642,415 | €81,063 | ▼ 87.4% |
| + Depreciation and write-downs630 | €1,241 | €1,241 | - | - | - | - |
| Operating cash flow (approximation) | €13,208 | €99,882 | €104,129 | €642,415 | €81,063 | ▼ 87.4% |
| Change in cash | - | -€156,403 | -€35,523 | €26,332 | -€159,548 | ▼ 706% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €642,415 ▲517%
Operating result €946,726, net result €642,415, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.24
Current ratio from 1.25 to 3.24; short-term debt falls from €2.8m to €607,010.
31-12
Financial
Equity above €1mEq €1.3m ▲92.1%
6 profitable years in a row build equity to €1.3m.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500,000Eq €593,393 ▲19.9%
4 profitable years in a row build equity to €593,393.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €11,967 ▼52.9%
Net result drops to €11,967, the lowest in the series; recovery starts the following year.
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Hulshout · 1 establishment unit since 2000
Ground area
8,662 m²
Building footprint
435 m²
Volume, LiDAR
2,629 m³
Parcel 13050B0255/00B002, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Haepersstraat 1, 2235 Hulshout
since 20002.100.943.487
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13050B0255/00B002 | Flanders | 8,662 m² | 1 · 435 m² | 10.6 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.
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 4,617 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-06-2000
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472057527
Also
9925:BE0472057527
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.