Nizar Projects
ActiveThe computed 12-month bankruptcy probability of Nizar Projects is 2.8% (moderate). The 2024 annual accounts show equity of €5k and a net result of €658. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 45% of 9981 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
69
/ 100
Healthy▲ +34 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability63▲+63
Solvency56▲+15
Growth32=
Stability94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.9 against 0.82 in 2023), and 62.7% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
37.3%
Return on assets
4.7%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-01-2026, 169 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
169 d late
2023
526 d late
2022
892 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€5k▲ 14.4%
2023 · €5k
2022: €6k
2023: €5k
2022 → 2024
Total assets
€14k▼ 11.6%
2023 · €16k
2022: €21k
2023: €16k
2022 → 2024
Net result
€658
2023 · €-2k
2022: €3k
2023: €-2k
2022 → 2024
Working capital
€-842▲ 58.9%
2023 · €-2k
2022: €-3k
2023: €-2k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€6k-€5k▼ 25.9%€5k▲ 14.4%
Operating result€5k-€-1k€1k
Net result€3k-€-2k€658
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1k after a loss of €1k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14k
Fixed assets
€6k▼ 8.3%
Current assets
€8k▼ 14.0%
Equity and liabilities €14k
Equity
€5k▲ 14.4%
Debt
€9k▼ 22.2%
The debt ratio falls from 71.2% to 62.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€5k▲
2023 · €1k
Cash flow
€4k▲
2023 · €845
Solvency
37.3%▲
2023 · 28.8%
Current ratio
0.90▲
2023 · 0.82
Quick ratio
0.90▲
2023 · 0.82
Debt / equity
1.68▼
2023 · 2.47
ROE
12.6%▲
2023 · -34.9%
ROA
4.7%▲
2023 · -10.1%
Interest coverage
74.34▲
2023 · 16.84
Debt
€9k▼
2023 · €11k
Debt ≤ 1 year
€9k▼
2023 · €11k
Income taxes
€458▲
2023 · €212
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€16k€14k▼
Fixed assets21/28€7k€6k▼
Tangible fixed assets22/27€7k€6k▼
Furniture and vehicles24€7k€6k▼
Current assets29/58€9k€8k▼
Amounts receivable within one year40/41€2k€8k▲
Trade receivables40€2k€8k▲
Cash at bank and in hand54/58€7k€408▼
Equity and liabilities
Total equity and liabilities10/49€16k€14k▼
Equity10/15€5k€5k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€2k€2k▲
Amounts payable17/49€11k€9k▼
Amounts payable within one year42/48€11k€9k▼
Taxes, remuneration and social security45€212€458▲
Taxes450/3€212€458▲
Other amounts payable47/48€11k€8k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8-€62
Gross operating margin9900€1k€5k▲
Operating profit (loss)9901€-1k€1k▲
Financial charges65/66B€67€61▼
Recurring financial charges65€67€61▼
Profit (loss) for the period before taxes9903€-1k€1k▲
Income taxes67/77€212€458▲
Profit (loss) for the period9904€-2k€658▲
Profit (loss) for the period to be appropriated9905€-2k€658▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€2k▲
Profit (loss) brought forward from the previous period14P€3k€2k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
16-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 169 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 526 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 892 days late
2024
31-12
Financial
Back to profitnet €658
Net result €658 after one loss-making year.
2023
31-12
Financial
Weakest financial yearnet €-2k ▼151%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Geel · 1 establishment unit since 2022
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.
Lindenhof 102440 GeelGround area
3,235 m²
Building footprint
248 m²
Volume, LiDAR
2,916 m³
Parcel 13376G0550/00S000, Flanders · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Nizar Projects
since 20222.333.867.906
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13376G0550/00S000 | Flanders | 3,235 m² | 1 · 248 m² | 13.7 m · 4 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.
Similar companies · same sector, comparable size
MCA DESIGN CONSTRUCT
BE 0798.184.393
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AREBA
BE 0840.674.353
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BJF RENOVATION
BE 0627.949.888
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TV Projects
BE 0693.982.441
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HABITATVIE
BE 1002.994.648
Mons · Eq €5k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,868. 6,546 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-05-2022
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43110Demolition
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.