NiVO
ActiveSummary
NiVO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €227k and a net result of €55k. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▲+6
Solvency57▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.57 in 2023; short-term debt: 20.2% and cash: 5.2% of total assets), and 67.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
128 d late
2022
70 d late
2021
120 d late
2020
51 d early
2019
112 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€227k▲ 32.4%
2023 · €171k
2018: €34k
2019: €55k
2020: €139k
2021: €228k
2022: €149k
2023: €171k
2018 → 2024
Total assets
€700k▼ 4.6%
2023 · €733k
2018: €414k
2019: €612k
2020: €636k
2021: €698k
2022: €699k
2023: €733k
2018 → 2024
Net result
€55k▲ 149%
2023 · €22k
2018: €25k
2019: €21k
2020: €84k
2021: €89k
2022: €-78k
2023: €22k
2018 → 2024
Working capital
€-26k▲ 61.7%
2023 · €-68k
2018: €24k
2019: €103k
2020: €84k
2021: €38k
2022: €-49k
2023: €-68k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€139k-€228k▲ 64.2%€149k▼ 34.5%€171k▲ 14.9%€227k▲ 32.4%
Operating result€105k-€111k▲ 6.4%€-71k€31k€78k▲ 152%
Net result€84k-€89k▲ 6.0%€-78k€22k€55k▲ 149%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 152% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €700k
Fixed assets
€585k ▼ 9.2%
Current assets
€115k ▲ 29.0%
Equity and liabilities €700k
Equity
€227k ▲ 32.4%
Debt
€473k ▼ 15.8%
Debt's share of the balance-sheet total falls from 76.6% to 67.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€146k▲
2023 · €95k
Cash flow
€123k▲
2023 · €86k
Current ratio
0.82▲
2023 · 0.57
Quick ratio
0.77▲
2023 · 0.49
Debt to equity
2.09▼
2023 · 3.28
ROE
24.4%▲
2023 · 13.0%
ROA
7.9%▲
2023 · 3.0%
Interest coverage
6.42▼
2023 · 10.80
Debt ≤ 1 year
€141k▼
2023 · €158k
Debt > 1 year
€332k▼
2023 · €404k
Income taxes
€278▲
2023 · €132
Staff costs
€5k▲
2023 · €1k
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 · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€733k€700k▼
Fixed assets21/28€644k€585k▼
Tangible fixed assets22/27€643k€584k▼
Land and buildings22€580k€531k▼
Plant, machinery and equipment23€43k€38k▼
Furniture and vehicles24€14k€9k▼
Leasing and similar rights25€0-
Other tangible fixed assets26€6k€6k=
Financial fixed assets28€800€800=
Current assets29/58€89k€115k▲
Stocks and contracts in progress3€12k€6k▼
Stocks30/36€12k€6k▼
Amounts receivable within one year40/41€55k€70k▲
Trade receivables40€35k€36k▲
Other amounts receivable41€20k€35k▲
Cash at bank and in hand54/58€22k€36k▲
Deferred charges and accrued income490/1€623€2k▲
Equity and liabilities
Total equity and liabilities10/49€733k€700k▼
Equity10/15€171k€227k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€163k€219k▲
Amounts payable17/49€562k€473k▼
Amounts payable after more than one year17€404k€332k▼
Financial debts170/4€404k€332k▼
Amounts payable within one year42/48€158k€141k▼
Current portion of amounts payable after more than one year42€72k€73k▲
Financial debts43€817€11▼
Credit institutions430/8€817€11▼
Trade debts44€4k€7k▲
Suppliers440/4€4k€7k▲
Taxes, remuneration and social security45€32k€22k▼
Taxes450/3€27k€22k▼
Remuneration and social security454/9€5k€0▼
Other amounts payable47/48€49k€39k▼
Income statement
Code20232024
Non-recurring operating income76A€24k€0▼
Remuneration, social security and pensions62€1k€5k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€67k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€98k€152k▲
Operating profit (loss)9901€31k€78k▲
Financial income75/76B€62€13▼
Recurring financial income75€62€13▼
Financial charges65/66B€9k€23k▲
Recurring financial charges65€9k€23k▲
Profit (loss) for the period before taxes9903€22k€56k▲
Income taxes67/77€132€278▲
Profit (loss) for the period9904€22k€55k▲
Profit (loss) for the period to be appropriated9905€22k€55k▲
Appropriation of the result
Profit (loss) to be appropriated9906€163k€219k▲
Profit (loss) brought forward from the previous period14P€141k€163k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Equity above €200kEq €227k ▲32.4%
2 profitable years in a row build equity to €227k.
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 128 days late
2023
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-12
Financial
Equity above €150kEq €171k ▲14.9%
Equity rises from €149k to €171k.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Weakest financial yearnet €-78k ▼188%
Net result drops to €-78k, the lowest in the series; recovery starts the following year.
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
31-12
Financial
Highest result since 2018net €89k ▲6%
Operating result €111k, net result €89k, both a record.
31-12
Financial
Equity above €200kEq €228k ▲64.2%
4 profitable years in a row build equity to €228k.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €139k ▲154%
3 profitable years in a row build equity to €139k.
Show earlier events
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 112 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Geraardsbergen · 1 establishment unit since 2017
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.
Penitentenstraat 319500 GeraardsbergenGround area
268 m²
Building footprint
252 m²
Volume, LiDAR
1,852 m³
Parcel 41018B0346/00A000, Flanders · tallest building 15.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NiVO
since 20172.271.063.869
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41018B0346/00A000 | Flanders | 268 m² | 1 · 252 m² | 15.1 m · 2 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 4,627 EUR awarded · 4,627 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 338 EUR | 338 EUR |
| 2022 | 1 | 4,289 EUR | 4,289 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGeraardsbergen2.271.063.869
Similar companies · same sector, comparable size
B.C.T. Solutions
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TRYSS MANAGEMENT
BE 0867.044.891
Rixensart · Eq €226,803
D.D.C.
BE 0465.277.623
Eeklo · Eq €226,809
Pauwels Consulting Services
BE 0730.976.756
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 39,329 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-07-2015
Fiscal year end31-12
Abbreviation NL
SPRL NiVO
Activities, NACEBEL 2025
56111Full-service restaurants
70200Business and other management consultancy
47559Retail sale of other household articles
52250Logistics services
56210Event catering
82920Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.