NIVIC
ActiveNIVIC has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €209k and a net result of €34k. Equity is growing by ~32.8% per year across the filed fiscal years. Its solvency ranks better than 20% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability63▲+15
Solvency45▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.8 in 2023; short-term debt: 19.8% and cash: 2% of total assets), and 79.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 43
higher
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 7447 sector peers (2024).
NBB · sector comparisonPosition among 7447 sector peers
Solvency
better than 20%
← weakest
strongest →
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 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
26 d early
2022
40 d early
2021
45 d early
2020
12 d early
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€209k▲ 9.4%
2023 · €191k
2018: €50k
2019: €51k
2020: €67k
2021: €68k
2022: €179k
2023: €191k
2018 → 2024
Total assets
€1.03M▼ 0.1%
2023 · €1.03M
2018: €253k
2019: €540k
2020: €511k
2021: €548k
2022: €786k
2023: €1.03M
2018 → 2024
Net result
€34k▲ 181%
2023 · €12k
2018: €20k
2019: €266
2020: €17k
2021: €456
2022: €112k
2023: €12k
2018 → 2024
Working capital
€2k▼ 98.3%
2023 · €124k
2018: €22k
2019: €-51k
2020: €7k
2021: €11k
2022: €163k
2023: €124k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€67k-€68k▲ 0.7%€179k▲ 165%€191k▲ 6.7%€209k▲ 9.4%
Operating result€30k-€12k▼ 59.7%€160k▲ 1,216%€36k▼ 77.6%€75k▲ 110%
Net result€17k-€456▼ 97.3%€112k▲ 24,359%€12k▼ 89.2%€34k▲ 181%
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 recovers in 2024; 2024 is 110% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.03M
Fixed assets
€823k▲ 9.5%
Current assets
€206k▼ 26.1%
Equity and liabilities €1.03M
Equity
€209k▲ 9.4%
Provisions
€31k▼ 4.8%
Debt
€789k▼ 2.2%
The debt ratio falls from 78.3% to 76.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€131k▲
2023 · €80k
Cash flow
€89k▲
2023 · €56k
Solvency
20.3%▲
2023 · 18.6%
Current ratio
1.01▼
2023 · 1.80
Quick ratio
0.50▼
2023 · 0.86
Debt / equity
3.77▼
2023 · 4.22
ROE
16.2%▲
2023 · 6.3%
ROA
3.3%▲
2023 · 1.2%
Interest coverage
4.87▲
2023 · 3.33
Debt
€789k▼
2023 · €807k
Debt ≤ 1 year
€204k▲
2023 · €155k
Debt > 1 year
€516k▼
2023 · €566k
Income taxes
€17k▲
2023 · €2k
Staff costs
€247k▼
2023 · €251k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.03M€1.03M▼
Fixed assets21/28€752k€823k▲
Tangible fixed assets22/27€752k€823k▲
Land and buildings22€688k€759k▲
Plant, machinery and equipment23€20k€25k▲
Furniture and vehicles24€8k€10k▲
Leasing and similar rights25€36k€28k▼
Financial fixed assets28€100€100=
Current assets29/58€279k€206k▼
Stocks and contracts in progress3€145k€105k▼
Stocks30/36€135k€102k▼
Contracts in progress37€10k€3k▼
Amounts receivable within one year40/41€104k€79k▼
Trade receivables40€74k€68k▼
Other amounts receivable41€30k€11k▼
Cash at bank and in hand54/58€29k€21k▼
Deferred charges and accrued income490/1€784€784=
Equity and liabilities
Total equity and liabilities10/49€1.03M€1.03M▼
Equity10/15€191k€209k▲
Contributions10/11€6k€6k=
Reserves13€185k€203k▲
Tax-exempt reserves132€129k€123k▼
Distributable reserves133€56k€80k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€32k€31k▼
Deferred taxes168€32k€31k▼
Amounts payable17/49€807k€789k▼
Amounts payable after more than one year17€566k€516k▼
Financial debts170/4€566k€516k▼
Amounts payable within one year42/48€155k€204k▲
Current portion of amounts payable after more than one year42€67k€74k▲
Financial debts43-€16k
Credit institutions430/8-€16k
Trade debts44€74k€84k▲
Suppliers440/4€74k€84k▲
Taxes, remuneration and social security45€14k€30k▲
Taxes450/3€7k€18k▲
Remuneration and social security454/9€6k€12k▲
Other amounts payable47/48€75€0▼
Accrued charges and deferred income492/3€87k€70k▼
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€251k€247k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€55k▲
Other operating charges640/8€6k€7k▲
Non-recurring operating charges66A€0€4k▲
Gross operating margin9900€337k€389k▲
Operating profit (loss)9901€36k€75k▲
Financial income75/76B€918€1k▲
Recurring financial income75€918€1k▲
Financial charges65/66B€24k€27k▲
Recurring financial charges65€24k€27k▲
Profit (loss) for the period before taxes9903€13k€50k▲
Transfer from deferred taxes780€1k€2k▲
Transfer to deferred taxes680€0-
Income taxes67/77€2k€17k▲
Profit (loss) for the period9904€12k€34k▲
Transfer from tax-exempt reserves789€5k€6k▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€17k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€40k▲
Profit (loss) brought forward from the previous period14P€-4k€0▲
Transfer from equity791/2€0€16k▲
Transfer to equity691/2€13k€40k▲
To other reserves6921€13k€40k▲
Profit to be distributed694/7-€16k
Return on contributions (dividend)694-€16k
Social balance
Average headcount (FTE)90875.34.5▼
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €209k ▲9.4%
7 profitable years in a row build equity to €209k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €112k ▲24359%
Operating result €160k, net result €112k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.38
Current ratio from 1.07 to 2.38; short-term debt falls from €152k to €118k.
31-12
Financial
Equity above €150kEq €179k ▲165%
5 profitable years in a row build equity to €179k.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €266 ▼98.7%
Net result drops to €266, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oostende · 2 establishment units since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Oudenburgsesteenweg 318400 OostendeGround area
4.9 ha
Building footprint
1.2 ha
Volume, LiDAR
97,971 m³
2 parcels, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
NIVIC
since 20112.201.133.797
't Decohuys
since 20232.348.534.405
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382G0267/00T000 | Flanders | 4.9 ha | 1 · 1.2 ha | 11.3 m · 3 fl. |
| 35005A0797/00C000 | Flanders | 128 m² | 1 · 117 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2023 to 2025 · 3 entries · 496 EUR awarded · 496 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 234 EUR | 234 EUR |
| 2024 | 1 | 221 EUR | 221 EUR |
| 2023 | 1 | 41 EUR | 41 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesNIVIC BV38413
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,136. 7,369 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-06-2001
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.