NIVEL
ActiveFinancials · financial year 2025, full format
2025 annual accounts filed 60 days after the deadline Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00541442.
Annual accounts 2025 filed on 29-09-2026 at the NBB all 33 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1,300▼ 4.1%
2024 · -€1,249
Working capital
€270
In the rankings
#8 oldest company in Ternat, Real estate sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€1,300
▼ 4.1%
2025
20182025
Net result
-€1,300
▼ 4.1%
2025
middle half of the sector
20182025
Equity
-€42,606
▼ 3.1%
2025
lowest quarter of the sector
20182025
Total assets
no figure
2025
20182025
Debt
€42,606
▲ 3.1%
2025
20182025
Working capital
no figure
2025
20182025
Solvency
no figure
2025
20182025
Current ratio
no figure
2025
20182025
Return on assets (ROA)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€15,088--€1,856▲ 87.7%-€1,081▲ 41.8%€442-€9,446-€28,386▼ 201%-€1,249▲ 95.6%-€1,300▼ 4.1%
Net result-€15,088--€1,856▲ 87.7%-€1,081within the sector's middle half▲ 41.8%€442within the sector's middle half-€9,446within the sector's middle half-€28,386below the sector's middle half▼ 201%-€1,249within the sector's middle half▲ 95.6%-€1,300within the sector's middle half▼ 4.1%
Equity€270--€1,586-€2,667below the sector's middle half▼ 68.1%-€2,225below the sector's middle half▲ 16.6%-€11,671below the sector's middle half▼ 425%-€40,057below the sector's middle half▼ 243%-€41,306below the sector's middle half▼ 3.1%-€42,606below the sector's middle half▼ 3.1%
Total assets€14,790-
Debt€14,520-€1,586▼ 89.1%€2,667▲ 68.1%€2,225▼ 16.6%€11,671▲ 425%€40,057▲ 243%€41,306▲ 3.1%€42,606▲ 3.1%
Working capital€270-
Solvency1.8%-
Current ratio1.02-
Return on assets (ROA)-102.0%-
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €1,300, larger than the loss of €1,249 in 2024.
Key figures and ratios
Debt ≤ 1 year
€42,606▲
2024 · €41,306
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €65 | €34 | €856 | - | - | - |
| Gross operating margin9900 | -€14,590 | -€1,359 | -€1,081 | €507 | -€9,412 | -€27,530 | -€1,249 | -€1,300 | ▼ 4.1% |
| Operating profit (loss)9901 | -€15,088 | -€1,856 | -€1,081 | €442 | -€9,446 | -€28,386 | -€1,249 | -€1,300 | ▼ 4.1% |
| Profit (loss) for the period before taxes9903 | -€15,088 | -€1,856 | -€1,081 | €442 | -€9,446 | -€28,386 | -€1,249 | -€1,300 | ▼ 4.1% |
| Profit (loss) for the period9904 | -€15,088 | -€1,856 | -€1,081 | €442 | -€9,446 | -€28,386 | -€1,249 | -€1,300 | ▼ 4.1% |
| Profit (loss) for the period to be appropriated9905 | -€15,088 | -€1,856 | -€1,081 | €442 | -€9,446 | -€28,386 | -€1,249 | -€1,300 | ▼ 4.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €14,790 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €14,790 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €14,790 | - | - | - | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €14,790 | - | - | - | - | - | - | - | - |
| Equity10/15 | €270 | -€1,586 | -€2,667 | -€2,225 | -€11,671 | -€40,057 | -€41,306 | -€42,606 | ▼ 3.1% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €3,123 | €3,123 | €3,123 | €3,123 | €3,123 | €3,123 | €3,123 | €3,123 | = |
| Non-distributable reserves130/1 | - | - | - | €3,123 | €3,123 | €3,123 | €3,123 | €3,123 | = |
| Legal reserve130 | - | - | - | €3,123 | €3,123 | €3,123 | €3,123 | €3,123 | = |
| Profit (loss) carried forward14 | -€64,353 | -€66,210 | -€67,290 | -€66,848 | -€76,294 | -€104,680 | -€105,929 | -€107,229 | ▼ 1.2% |
| Amounts payable17/49 | €14,520 | €1,586 | €2,667 | €2,225 | €11,671 | €40,057 | €41,306 | €42,606 | ▲ 3.1% |
| Amounts payable within one year42/48 | €14,520 | €1,586 | €2,667 | €2,225 | €11,671 | €40,057 | €41,306 | €42,606 | ▲ 3.1% |
| Trade debts44 | €14,520 | - | €605 | €824 | €4,286 | €605 | €605 | €605 | = |
| Suppliers440/4 | - | - | - | €824 | €4,286 | €605 | €605 | €605 | = |
| Other amounts payable47/48 | - | - | - | €1,401 | €7,384 | €39,452 | €40,701 | €42,001 | ▲ 3.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,088 | -€1,856 | -€1,081 | €442 | -€9,446 | -€28,386 | -€1,249 | -€1,300 | ▼ 4.1% |
| Operating cash flow (approximation) | -€15,088 | -€1,856 | -€1,081 | €442 | -€9,446 | -€28,386 | -€1,249 | -€1,300 | ▼ 4.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 29-09-2026 | 2026-00541442 | |
| 31-12-2024 | abbreviated format | 24-09-2025 | 2025-00503053 | |
| 31-12-2023 | abbreviated format | 28-08-2024 | 2024-00400057 | |
| 31-12-2022 | abbreviated format | 20-07-2023 | 2023-00255166 | |
| 31-12-2021 | abbreviated format | 28-06-2022 | 2022-20147660 | |
| 31-12-2020 | abbreviated format | 26-08-2021 | 2021-54100425 | |
| 31-12-2019 | abbreviated format | 29-06-2020 | 2020-22800442 | |
| 31-12-2018 | abbreviated format | 19-08-2019 | 2019-47200241 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-59200262 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-58500563 |