Active BE 0444.515.069Public limited company

NIVEL

Terlindenstraat 44 ·1740 Ternat, Belgium· 35 yrs active

Sector: Real estate agency activities (68310)

Conclusion Checked

NIVEL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-41k) and a net result of €-1k. Equity is shrinking by ~53.8% per year across the filed fiscal years. Its net result ranks better than 37% of 9685 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-41k
Net result	€-1k
Better than sector	37%
Active	35 yrs

Financial profile 5 of 5 axes measured · computed by Checked

56 / 100

Mixed profile: strong on solvency, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 33

Profitability 15

Solvency 100

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.2% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1991, 35 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

33 / 100 Weak

050100

Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

32 2022

32 2023

33 2024

purely financial, excl. current insolvency signals

Score components

Equity Negative equity -25

Profitability ROE 3% +3

Profit trend Net profit up YoY +5

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview32 NBB filings

Annual accounts filed on 24-09-2025 with the NBB · fiscal year 2024 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~172% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Net result	€-1k	€13k	better than 37% of 9685 sector peers
Equity	€-41k	€419k	better than 11% of 9692 sector peers
Gross operating margin	€-1k	€116k	better than 18% of 9671 sector peers

Net profit

€-1k

+95.6% 21-24

Equity

€-41k

-3.1% 21-24

Debt

€41k

+3.1% 21-24

Debt ≤ 1y

€41k

+3.1% 21-24

Debt / equity

-1.00

0.0% 21-24

ROE

3.0%

-95.7% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-
EBITDA	-	-	-	-
Net profit	€-1k	€-28k	€-9k	€442
Cash flow	-	-	-	-
Staff costs	-	-	-	-
Income taxes	-	-	-	-
Dividends	-	-	-	-
Total assets	-	-	-	-
Equity	€-41k	€-40k	€-12k	€-2k
Debt	€41k	€40k	€12k	€2k
of which ≤ 1y	€41k	€40k	€12k	€2k
of which > 1y	-	-	-	-
Working capital	-	-	-	-
Employees (FTE)	-	-	-	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	-	-	-	-
Quick ratio	-	-	-	-
Working capital ratio	-	-	-	-
Solvency	-	-	-	-
Debt / equity	-1.00	-1.00	-1.00	-1.00
Long-term debt ratio	-	-	-	-
Interest coverage	-	-	-	-
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	-	-	-	-
ROE	3.0%	70.9%	80.9%	-19.9%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Full annual accounts (12 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Equity & liabilities
Equity	10/15	€-41k	€-40k	€-12k	€-2k
Contributions / capital	10/11	€62k	€62k	€62k	€62k
Reserves	13	€3k	€3k	€3k	€3k
Accumulated profits (losses)	14	€-106k	€-105k	€-76k	€-67k
Amounts payable	17/49	€41k	€40k	€12k	€2k
Amounts payable within one year	42/48	€41k	€40k	€12k	€2k
Trade debts payable within one year	44	€605	€605	€4k	€824
Income statement
Gross operating margin	9900	€-1k	€-28k	€-9k	€507
Operating result	9901	€-1k	€-28k	€-9k	€442
Result before taxes	9903	€-1k	€-28k	€-9k	€442
Net result for the period	9904	€-1k	€-28k	€-9k	€442
Result to be appropriated	9905	€-1k	€-28k	€-9k	€442

Directors & mandates 2 directors

Current directors & mandates

DE VITS Hilde
Director
State Gazette act 23423013 (09-11-2023)

Current
09-11-2023 → present
SEMPSTLegal entity
Director· perm. rep.: Lode VERDOODT
State Gazette act 23423013 (09-11-2023)

Current
09-11-2023 → present

Legal Structure

NACE primary	Real estate agency activities(68310)
Legal form	Public limited company(014)
Incorporation	19-06-1991
Status	Active
Postal code	1740

Establishment units 1 location

Terlindenstraat 44, 1740 Ternat

NACE 6523601

since 19912.053.450.408

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23086A0052/00A002	Flanders	1,081 m²	1 · 151 m²	13.8 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 12 events

All 13Financial 1Gazette 2Filings 10

2025

24-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 55 days late

2024

11-12

State Gazette act Registered-office change

28-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 28 days late

2023

31-12

Financial Weakest financial yearnet €-28k

Net result drops to €-28k, the lowest in the series; recovery starts the following year.

09-11

State Gazette act Director changes

Mireille BEDERT

20-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

28-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

26-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 26 days late

2020

29-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

19-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 19 days late

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 31 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 31 days late

2016

26-05

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 5 acts read

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.

Belgisch Staatsblad, acts 2 acts

Address history · 1

11-12-2024

Registered-office move

All acts · 2 updated 1 year ago

2024

11-12-2024 Registered office moved within Ternat Registered-office change

STATIESTRAAT 11-13 - 1740 TERNAT → Terlindenstraat 44 -1740 Ternat.

Original publication ↗

Technical details

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  },
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  "co_filed_documents": []
}

2023

09-11-2023 4 directors appointed Director changes·Mireille BEDERT

Lode VERDOODT, Bestuurder
DE VITS Hilde, Bestuurder
SEMPST, Gedelegeerd bestuurder
FISCAAL ADVIESKANTOOR TERNAT, Commissaris

Notary: Mireille BEDERT · Ternat

Original publication ↗

Technical details

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      },
      "reason": null,
      "subkind": "renewal",
      "via_org": {
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        "name": "SEMPST",
        "address": null,
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      },
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    },
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    },
    {
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      "via_org": {
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        "name": "FISCAAL ADVIESKANTOOR TERNAT",
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        "country": "BE",
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  "act_meta": {
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    "pub_date": "2023-11-09",
    "filing_date": "2023-11-07",
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      "date": "2023-10-12",
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  "co_filed_documents": [
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}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Real estate agency activities68310Real estate activities6831170311

Names & trade names

Legal nameNL

NIVEL

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