Nivinco
ActiveNivinco has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €244k and a net result of €-52k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▼-89
Solvency56▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.53 in 2024; short-term debt: 69.1% and cash: 15.7% of total assets), and 69.2% of the assets are financed with debt.
Credit advice for your own amount and term
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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
117 d early
2022
28 d early
2021
32 d early
2020
9 d early
2019
on the day
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€244k▼ 17.5%
2024 · €296k
2019: €-16k
2020: €-16k
2021: €-17k
2022: €-17k
2023: €62k
2024: €296k
2019 → 2025
Total assets
€793k▼ 7.3%
2024 · €856k
2019: €63
2020: €33
2021: €33
2022: €33
2023: €94k
2024: €856k
2019 → 2025
Net result
€-52k
2024 · €234k
2019: €-623
2020: €-238
2021: €-570
2022: €-453
2023: €79k
2024: €234k
2019 → 2025
Working capital
€245k▼ 17.1%
2024 · €296k
2019: €-16k
2020: €-16k
2021: €-17k
2022: €-17k
2023: €61k
2024: €296k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-17k-€-17k▼ 2.7%€62k€296k▲ 376%€244k▼ 17.5%
Operating result€-570-€-453▲ 20.5%€98k€369k▲ 278%€-45k
Net result€-570-€-453▲ 20.5%€79k€234k▲ 195%€-52k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €45k after €369k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €793k
Fixed assets
€322▼ 38.6%
Current assets
€793k▼ 7.2%
Equity and liabilities €793k
Equity
€244k▼ 17.5%
Debt
€549k▼ 1.8%
The debt ratio rises from 65.4% to 69.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-44k▼
2024 · €370k
Cash flow
€-52k▼
2024 · €234k
Solvency
30.8%▼
2024 · 34.6%
Current ratio
1.45▼
2024 · 1.53
Quick ratio
0.61▲
2024 · 0.61
Debt / equity
2.25▲
2024 · 1.89
ROE
-21.2%▼
2024 · 79.0%
ROA
-6.5%▼
2024 · 27.4%
Interest coverage
-6.15▼
2024 · 17.53
Debt
€549k▼
2024 · €559k
Debt ≤ 1 year
€548k▼
2024 · €559k
Income taxes
€361▼
2024 · €114k
Staff costs
€133k▲
2024 · €93k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€856k€793k▼
Fixed assets21/28€524€322▼
Tangible fixed assets22/27€524€322▼
Plant, machinery and equipment23€524€322▼
Current assets29/58€855k€793k▼
Stocks and contracts in progress3€515k€458k▼
Stocks30/36€515k€458k▼
Amounts receivable within one year40/41€333k€206k▼
Trade receivables40€103k€21k▼
Other amounts receivable41€230k€185k▼
Cash at bank and in hand54/58€4k€125k▲
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€856k€793k▼
Equity10/15€296k€244k▼
Contributions10/11€19k€19k=
Reserves13€278k€276k▼
Distributable reserves133€278k€276k▼
Profit (loss) carried forward14-€-50k
Amounts payable17/49€559k€549k▼
Amounts payable within one year42/48€559k€548k▼
Current portion of amounts payable after more than one year42€389k€150k▼
Financial debts43€957€103k▲
Credit institutions430/8€957€103k▲
Trade debts44€39k€45k▲
Suppliers440/4€39k€45k▲
Taxes, remuneration and social security45€127k€137k▲
Taxes450/3€122k€119k▼
Remuneration and social security454/9€5k€18k▲
Other amounts payable47/48€3k€113k▲
Accrued charges and deferred income492/3-€968
Income statement
Code20242025
Remuneration, social security and pensions62€93k€133k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€354€202▼
Other operating charges640/8€5k€4k▼
Gross operating margin9900€468k€93k▼
Operating profit (loss)9901€369k€-45k▼
Financial income75/76B€57€278▲
Recurring financial income75€57€278▲
Financial charges65/66B€21k€7k▼
Recurring financial charges65€21k€7k▼
Profit (loss) for the period before taxes9903€348k€-51k▼
Income taxes67/77€114k€361▼
Profit (loss) for the period9904€234k€-52k▼
Profit (loss) for the period to be appropriated9905€234k€-52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€234k€-52k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€2k
Transfer to equity691/2€234k€0▼
To other reserves6921€234k€0▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-52k ▼122%
Net result drops to €-52k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Highest result since 2019net €234k ▲195%
Operating result €369k, net result €234k, both a record.
31-12
Financial
Equity above €200kEq €296k ▲376%
2 profitable years in a row build equity to €296k.
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €79k
Net result €79k after 4 loss-making years.
31-03
Financial
Liquidity times 1491current ratio 2.92
Current ratio from 0.00 to 2.92.
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
18-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Keerbergen · 1 establishment unit since 2005
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.
Acaciadreef 46B3140 KeerbergenGround area
4,361 m²
Building footprint
180 m²
Volume, LiDAR
2,969 m³
2 parcels, Flanders · tallest building 25.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Nivinco
since 20052.146.866.752
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472F0528/00A000 | Flanders | 2,861 m² | - | - |
| 24472F0414/00P000 | Flanders | 1,500 m² | 1 · 180 m² | 25.3 m · 6 fl. |
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.
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Brightblue
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J.D.P.
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 14,252 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-04-2005
Fiscal year end31-12
Trade name NL
TheBlockchainCompany.be; TheBlockchainAcademy.be
Activities, NACEBEL
43910Bricklaying and masonry work
43994Specialised construction activities
62020IT consultancy
62200Computer consultancy and computer facilities management
41001General construction of residential buildings
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43320Joinery installation
43350Other building finishing work
43990Other specialised construction activities
43999Specialised construction activities
46500Wholesale of information and communication equipment
46510Wholesale trade
47400Retail sale of information and communication equipment
47410Retail trade
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47789Other retail sale of new goods
47990Retail trade
52630
58290Other software publishing
62010Computer programming, consultancy and related activities
62900Other information technology and computer services
62100Computer programming
70200Business and other management consultancy
70220Business consulting
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
77330Rental and leasing activities
85699Other educational support services
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.