NIVEAU+
ActiveSummary
NIVEAU+ has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67k and a net result of €3k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 30% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-1
Solvency54▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.12 in 2024; short-term debt: 60.3% and cash: 13.3% of total assets), and 71.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
28.9%
Return on assets
1.3%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 d early
2024
7 d early
2023
34 d early
2022
20 d early
2021
22 d late
2020
31 d early
2019
2 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, micro schema
Equity
€67k▲ 4.6%
2024 · €64k
2018: €33k
2019: €32k▼ -3.5% vs 2018
2020: €64k▲ +101% vs 2019
2021: €25k▼ -61.7% vs 2020lowest in 8 years
2022: €25k▲ +0.5% vs 2021
2023: €60k▲ +140% vs 2022
2024: €64k▲ +6.6% vs 2023
2025: €67k▲ +4.6% vs 2024highest in 8 years
2018 → 2025
Total assets
€230k▼ 16.5%
2024 · €276k
2018: €111klowest in 8 years
2019: €152k▲ +36.9% vs 2018
2020: €143k▼ -5.5% vs 2019
2021: €119k▼ -17.4% vs 2020
2022: €307k▲ +159% vs 2021highest in 8 years
2023: €252k▼ -18.0% vs 2022
2024: €276k▲ +9.7% vs 2023
2025: €230k▼ -16.5% vs 2024
2018 → 2025
Net result
€3k▼ 25.6%
2024 · €4k
2018: €15k
2019: €-1k▼ -108% vs 2018
2020: €32k▲ +2865% vs 2019
2021: €-40k▼ -223% vs 2020lowest in 8 years
2022: €132▲ +100% vs 2021
2023: €35k▲ +26363% vs 2022highest in 8 years
2024: €4k▼ -88.7% vs 2023
2025: €3k▼ -25.6% vs 2024
2018 → 2025
Working capital
€14k▼ 24.6%
2024 · €19k
2018: €14k
2019: €25k▲ +84.0% vs 2018
2020: €47k▲ +85.8% vs 2019highest in 8 years
2021: €9k▼ -81.0% vs 2020
2022: €-12k▼ -234% vs 2021lowest in 8 years
2023: €26k▲ +317% vs 2022
2024: €19k▼ -27.8% vs 2023
2025: €14k▼ -24.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€25k▲ 0.5%€60k▲ 140%€64k▲ 6.6%€67k▲ 4.6%
2021: €25klowest in 5 years
2022: €25k▲ +0.5% vs 2021
2023: €60k▲ +140% vs 2022
2024: €64k▲ +6.6% vs 2023
2025: €67k▲ +4.6% vs 2024highest in 5 years
Operating result€-36k-€5k€41k▲ 786%€10k▼ 76.5%€9k▼ 2.1%
2021: €-36klowest in 5 years
2022: €5k▲ +113% vs 2021
2023: €41k▲ +786% vs 2022highest in 5 years
2024: €10k▼ -76.5% vs 2023
2025: €9k▼ -2.1% vs 2024
Net result€-40k-€132€35k▲ 26,363%€4k▼ 88.7%€3k▼ 25.6%
2021: €-40klowest in 5 years
2022: €132▲ +100% vs 2021
2023: €35k▲ +26363% vs 2022highest in 5 years
2024: €4k▼ -88.7% vs 2023
2025: €3k▼ -25.6% 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 has fallen two years in a row; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €230k
Fixed assets
€77k ▼ 21.5%
Current assets
€153k ▼ 13.8%
Equity and liabilities €230k
Equity
€67k ▲ 4.6%
Debt
€164k ▼ 22.8%
Debt's share of the balance-sheet total falls from 77.0% to 71.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▲
2024 · €26k
Cash flow
€30k▲
2024 · €20k
Current ratio
1.10▼
2024 · 1.12
Quick ratio
0.85▼
2024 · 0.93
Debt to equity
2.46▼
2024 · 3.34
ROE
4.4%▼
2024 · 6.2%
ROA
1.3%▼
2024 · 1.4%
Interest coverage
7.86▼
2024 · 8.66
Debt ≤ 1 year
€139k▼
2024 · €159k
Debt > 1 year
€24k▼
2024 · €53k
Income taxes
€2k▼
2024 · €3k
Staff costs
€13k▲
2024 · €0
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€276k€230k▼
Fixed assets21/28€98k€77k▼
Tangible fixed assets22/27€98k€77k▼
Land and buildings22-€10k
Plant, machinery and equipment23€1k€330▼
Furniture and vehicles24€97k€67k▼
Current assets29/58€178k€153k▼
Stocks and contracts in progress3€30k€35k▲
Contracts in progress37€30k€35k▲
Amounts receivable within one year40/41€137k€82k▼
Trade receivables40€129k€78k▼
Other amounts receivable41€8k€4k▼
Cash at bank and in hand54/58€10k€31k▲
Deferred charges and accrued income490/1€545€5k▲
Equity and liabilities
Total equity and liabilities10/49€276k€230k▼
Equity10/15€64k€67k▲
Contributions10/11€19k€19k=
Reserves13€45k€48k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€43k€46k▲
Amounts payable17/49€212k€164k▼
Amounts payable after more than one year17€53k€24k▼
Financial debts170/4€53k€24k▼
Amounts payable within one year42/48€159k€139k▼
Current portion of amounts payable after more than one year42€32k€29k▼
Trade debts44€71k€62k▼
Suppliers440/4€71k€62k▼
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Remuneration and social security454/9-€434
Other amounts payable47/48€52k€43k▼
Accrued charges and deferred income492/3€353€647▲
Income statement
Code20242025
Remuneration, social security and pensions62€0€13k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€27k▲
Other operating charges640/8€5k€2k▼
Gross operating margin9900€30k€50k▲
Operating profit (loss)9901€10k€9k▼
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€7k€5k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€4k€3k▼
Profit (loss) for the period to be appropriated9905€4k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€3k▼
Transfer to equity691/2€4k€3k▼
To other reserves6921€4k€3k▼
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €33k | €17k | - | €0 | €13k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €17k | €22k | €16k | €27k | ▲ 65.8% |
| Other operating charges640/8 | €1k | €1k | €2k | €5k | €2k | ▼ 64.7% |
| Gross operating margin9900 | €12k | €40k | €65k | €30k | €50k | ▲ 66.1% |
| Operating profit (loss)9901 | €-36k | €5k | €41k | €10k | €9k | ▼ 2.1% |
| Financial charges65/66B | €4k | €4k | €5k | €3k | €5k | ▲ 54.8% |
| Recurring financial charges65 | €4k | €4k | €5k | €3k | €5k | ▲ 54.8% |
| Profit (loss) for the period before taxes9903 | €-40k | €132 | €36k | €7k | €5k | ▼ 27.7% |
| Income taxes67/77 | - | - | €777 | €3k | €2k | ▼ 30.7% |
| Profit (loss) for the period9904 | €-40k | €132 | €35k | €4k | €3k | ▼ 25.6% |
| Profit (loss) for the period to be appropriated9905 | €-40k | €132 | €35k | €4k | €3k | ▼ 25.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €119k | €307k | €252k | €276k | €230k | ▼ 16.5% |
| Fixed assets21/28 | €33k | €85k | €64k | €98k | €77k | ▼ 21.5% |
| Tangible fixed assets22/27 | €33k | €85k | €64k | €98k | €77k | ▼ 21.5% |
| Land and buildings22 | - | - | - | - | €10k | - |
| Plant, machinery and equipment23 | €6k | €4k | €2k | €1k | €330 | ▼ 71.3% |
| Furniture and vehicles24 | €27k | €81k | €62k | €97k | €67k | ▼ 31.0% |
| Current assets29/58 | €86k | €222k | €188k | €178k | €153k | ▼ 13.8% |
| Stocks and contracts in progress3 | - | €12k | €30k | €30k | €35k | ▲ 16.7% |
| Contracts in progress37 | - | €12k | €30k | €30k | €35k | ▲ 16.7% |
| Amounts receivable within one year40/41 | €86k | €206k | €133k | €137k | €82k | ▼ 39.9% |
| Trade receivables40 | €83k | €187k | €130k | €129k | €78k | ▼ 39.4% |
| Other amounts receivable41 | €3k | €19k | €3k | €8k | €4k | ▼ 48.4% |
| Cash at bank and in hand54/58 | - | €3k | €25k | €10k | €31k | ▲ 209% |
| Deferred charges and accrued income490/1 | - | €228 | €198 | €545 | €5k | ▲ 814% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €119k | €307k | €252k | €276k | €230k | ▼ 16.5% |
| Equity10/15 | €25k | €25k | €60k | €64k | €67k | ▲ 4.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €6k | €6k | €41k | €45k | €48k | ▲ 6.5% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €4k | €4k | €39k | €43k | €46k | ▲ 6.8% |
| Amounts payable17/49 | €94k | €282k | €192k | €212k | €164k | ▼ 22.8% |
| Amounts payable after more than one year17 | €17k | €48k | €30k | €53k | €24k | ▼ 54.3% |
| Financial debts170/4 | €17k | €48k | €30k | €53k | €24k | ▼ 54.3% |
| Amounts payable within one year42/48 | €77k | €234k | €161k | €159k | €139k | ▼ 12.5% |
| Current portion of amounts payable after more than one year42 | €5k | €17k | €18k | €32k | €29k | ▼ 10.3% |
| Financial debts43 | €16k | - | - | - | - | - |
| Credit institutions430/8 | €16k | - | - | - | - | - |
| Trade debts44 | €15k | €152k | €72k | €71k | €62k | ▼ 12.4% |
| Suppliers440/4 | €15k | €152k | €72k | €71k | €62k | ▼ 12.4% |
| Taxes, remuneration and social security45 | €9k | - | €951 | €4k | €5k | ▲ 42.0% |
| Taxes450/3 | €9k | - | €951 | €4k | €5k | ▲ 29.7% |
| Remuneration and social security454/9 | €663 | - | - | - | €434 | - |
| Other amounts payable47/48 | €31k | €64k | €71k | €52k | €43k | ▼ 17.8% |
| Accrued charges and deferred income492/3 | - | €43 | €125 | €353 | €647 | ▲ 83.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-40k | €132 | €35k | €4k | €3k | ▼ 25.6% |
| + Depreciation and write-downs630 | €14k | €17k | €22k | €16k | €27k | ▲ 65.8% |
| Operating cash flow (approximation) | €-26k | €18k | €57k | €20k | €30k | ▲ 48.0% |
| Investment in fixed assets (approximation) | - | €-70k | €-950 | €-51k | €-6k | ▲ 88.6% |
| Change in cash | - | - | €21k | €-15k | €21k | ▲ 241% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €35k ▲26,363%
Net result €35k, the highest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €132
Net result €132 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Weakest financial yearnet €-40k
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-02
NBB filing
Annual accounts filed
fiscal year 2018 · 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, Herselt · 1 establishment unit since 2017
Ground area
725 m²
Building footprint
236 m²
Parcel 13013A0419/00W003, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NIVEAU+
since 20172.266.322.153
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13013A0419/00W003 | Flanders | 725 m² | 1 · 236 m² | - |
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
2025 · 1 entry · 354 EUR awarded · 105 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 354 EUR | 105 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 8,454 companies in sector 43120 we hold annual accounts for 3,231. 2,585 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
Founded07-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
Scores and ratios are computed by Checked and are not a credit decision.