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nuclivision

Active
Private limited companyfounded 2022active for 4 yearsEdward Pynaertkaai 87, 9000 Gent, BelgiumKBO/BCE: BE 0786.830.643

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 31-07-2026 at the NBB all 3 filings

Equity
€1.9m
2024 · -€221,716
Total assets
€2.0m▲ 479%
2024 · €344,457
Net result
-€408,349▼ 190%
2024 · -€140,654
Working capital
€1.5m▲ 50×
2024 · €29,189
Trend over the years

2023 to 2025, 3 financial years

The operating result for 2025 is a loss of €406,800, larger than the loss of €119,385 in 2024. It is the lowest result since 2023.

Operating result-€0.4m 2025 Net result-€0.4m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Operating result-€0.1m--€0.1m▲ 16.5%-€0.4m▼ 241%
Net result-€0.2mbelow the sector's middle half--€0.1mbelow the sector's middle half▲ 12.7%-€0.4mbelow the sector's middle half▼ 190%
Equity-€0.08mbelow the sector's middle half--€0.2mbelow the sector's middle half▼ 174%€1.9mabove the sector's middle half
Total assets€0.4mabove the sector's middle half-€0.3mabove the sector's middle half▼ 8.8%€2.0mabove the sector's middle half▲ 479%
Debt€0.5m-€0.6m▲ 23.4%€0.1m▼ 76.5%
Working capital€0.2mabove the sector's middle half-€0.03mwithin the sector's middle half▼ 83.5%€1.5mabove the sector's middle half▲ 50×
Solvency-21.5%below the sector's middle half--64.4%below the sector's middle half▼ 42.9pp93.3%above the sector's middle half▲ 157.7pp
Current ratio3.49within the sector's middle half-1.21below the sector's middle half▼ 2.2811.96above the sector's middle half▲ 10.75
Return on assets (ROA)-42.6%below the sector's middle half--40.8%below the sector's middle half▲ 1.8pp-20.5%below the sector's middle half▲ 20.4pp
Staff (FTE)2.7-3.3▲ 22.2%5.4▲ 63.6%
above within below The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them.
Large changes and their cause
  • 2025 Total assets +479% on 2024. Capital increase of €2,000,007 (Official Gazette 09-05-2025). Capital increase of €491,919 (Official Gazette 09-05-2025).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets €347,414 ▲ 101%
Current assets €1.6m ▲ 843%
Equity and liabilities €2.0m
Equity €1.9m
Debt €133,289
Debt's share of the balance-sheet total is 6.7%.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€304,299▼
2024 · -€65,980
Cash flow
-€305,848▼
2024 · -€87,249
Debt to equity
0.07
ROE
-21.9%
Interest coverage
-28.90▼
2024 · -3.10
Debt ≤ 1 year
€132,440▼
2024 · €138,748
Debt > 1 year
€0▼
2024 · €408,500
Income taxes
€3,631
Staff costs
€289,285▲
2024 · €239,190
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202331-12-202431-12-2025
Employees at the balance-sheet date349
full-time338
part-time011
in full-time equivalents33.78.4
Average over the year, in full-time equivalents2.73.35.4
On a permanent contract338
Joined3512
Left047

Source: social balance sheet in the 2023 to 2025 annual accounts

Investments

fixed assets acquired
Item202320242025
Tangible fixed assets€8,575-€11,825
Intangible fixed assets€139,834€100,737€251,837
Depreciation and write-downs of the year€31,844€53,405€102,501

Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2023 to 2025 · 10 entries · €781,106 awarded · €410,820 paid
Year Entries AwardedPaid
2025 6 €425,938€115,521
2024 1 €295,869€236,000
2023 3 €59,299€59,299
Schemes
1 entry · €320,286 · Fonds voor Innoveren en Ondernemen
3 entries · €295,869 · €295,869 paid · Fonds voor Innoveren en Ondernemen
1 entry · €50,000 · €50,000 paid · Fonds voor Innoveren en Ondernemen
1 entry · €50,000 · Fonds voor Innoveren en Ondernemen
1 entry · €48,837 · €48,837 paid · Fonds voor Innoveren en Ondernemen
Show 2 more
1 entry · €9,000 · €9,000 paid · Vlaams Agentschap voor Internationaal Ondernemen
2 entries · €7,114 · €7,114 paid · Fonds voor Innoveren en Ondernemen

Public contracts

1 award · 2026
gespecialiseerde software voor dosisreductie en/of tijdsbesparing PET scan
buyer: Ziekenhuis aan de Stroom vzw (ZAS)IT servicesawarded 23-09-2026€01 tenderTED 665999-2026

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Comparable companies

These companies have the same main activity as nuclivision: computer programming (NACE 62100). They are comparable in size and age: total assets between €1.4m and €2.1m, founded between 2021 and 2023.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
nuclivision Gent2022€2.0m€1.9m-€0.01m-€0.4m-2025
Peliqan Gent2022€1.8m€1.0m-€0.5m-€0.5m-2025
Companion.energy Gent2022€2.1m€0.3m-€0.3m-€0.6m-2025
Team n Time Antwerpen2022€2.1m€0.5m-€0.7m-€1.5m2.52025
Innocens Antwerpen2021€2.1m€1.6m-€0.02m-€0.2m-2025
PRAESENS DEVELOPMENT Wavre2023€1.8m-€0.09m-€0.01m-€0.02m-2025
PointCaré Gent2022€1.4m€1.3m-€0.1m-€0.2m1.22025

They were chosen from the 9,111 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 3,223 companies had the same profile as nuclivision has now. Two years later, 3.4% had gone bankrupt and 87.8% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
3.4% went bankrupt
8.7% stopped otherwise
87.8% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of nuclivision itself is lower: 0.1% within 12 months. It rests on far more data about nuclivision than the profile alone.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 3,223 companies, not a prediction for nuclivision. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines

Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€0.3m€2.0m▲
Formation expenses20€0.004m€0.06m▲
Fixed assets21/28€0.2m€0.3m▲
Intangible fixed assets21€0.2m€0.3m▲
Tangible fixed assets22/27€0.005m€0.01m▲
Plant, machinery and equipment23€0.005m€0.01m▲
Current assets29/58€0.2m€1.6m▲
Amounts receivable within one year40/41€0.04m€0.03m▼
Trade receivables40€0.03m€0.01m▼
Other amounts receivable41€0.01m€0.01m▲
Current investments50/53-€1.3m
Cash at bank and in hand54/58€0.06m€0.2m▲
Deferred charges and accrued income490/1€0.06m€0.06m▼
Equity and liabilities
Total equity and liabilities10/49€0.3m€2.0m▲
Equity10/15-€0.2m€1.9m▲
Contributions10/11€0.08m€2.6m▲
Profit (loss) carried forward14-€0.3m-€0.7m▼
Amounts payable17/49€0.6m€0.1m▼
Amounts payable after more than one year17€0.4m€0▼
Financial debts170/4€0.4m€0▼
Amounts payable within one year42/48€0.1m€0.1m▼
Trade debts44€0.08m€0.04m▼
Suppliers440/4€0.08m€0.04m▼
Advances received on contracts in progress46€0.04m€0▼
Taxes, remuneration and social security45€0.03m€0.1m▲
Taxes450/3€0€0.007m▲
Remuneration and social security454/9€0.03m€0.09m▲
Accrued charges and deferred income492/3€0.02m€0.001m▼
Income statement Code20242025
Remuneration, social security and pensions62€0.2m€0.3m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.05m€0.1m▲
Other operating charges640/8€0.001m€0.001m▲
Gross operating margin9900€0.2m-€0.01m▼
Operating profit (loss)9901-€0.1m-€0.4m▼
Financial income75/76B€24€0.01m▲
Recurring financial income75€24€0.01m▲
Financial charges65/66B€0.02m€0.01m▼
Recurring financial charges65€0.02m€0.01m▼
Profit (loss) for the period before taxes9903-€0.1m-€0.4m▼
Income taxes67/77-€0.004m
Profit (loss) for the period9904-€0.1m-€0.4m▼
Profit (loss) for the period to be appropriated9905-€0.1m-€0.4m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€0.3m-€0.7m▼
Profit (loss) brought forward from the previous period14P-€0.2m-€0.3m▼

The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line202320242025Change
Remuneration, social security and pensions62€230,159€239,190€289,285▲ 20.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31,844€53,405€102,501▲ 91.9%
Other operating charges640/8€751€528€544▲ 3.0%
Gross operating margin9900€119,826€173,738-€14,470-
Operating profit (loss)9901-€142,929-€119,385-€406,800▼ 241%
Financial income75/76B€9€24€12,612▲ 515×
Recurring financial income75€9€24€12,612▲ 515×
Financial charges65/66B€18,123€21,293€10,530▼ 50.5%
Recurring financial charges65€18,123€21,293€10,530▼ 50.5%
Profit (loss) for the period before taxes9903-€161,043-€140,654-€404,718▼ 188%
Income taxes67/77--€3,631-
Profit (loss) for the period9904-€161,043-€140,654-€408,349▼ 190%
Profit (loss) for the period to be appropriated9905-€161,043-€140,654-€408,349▼ 190%
Line202320242025Change
Assets
Total assets20/58€0.4m€0.3m€2.0m▲ 479%
Formation expenses20€0.008m€0.004m€0.06m▲ 16×
Fixed assets21/28€0.1m€0.2m€0.3m▲ 101%
Intangible fixed assets21€0.1m€0.2m€0.3m▲ 98.6%
Tangible fixed assets22/27€0.006m€0.005m€0.01m▲ 197%
Plant, machinery and equipment23€0.006m€0.005m€0.01m▲ 197%
Current assets29/58€0.2m€0.2m€1.6m▲ 843%
Amounts receivable within one year40/41€0.01m€0.04m€0.03m▼ 34.2%
Trade receivables40€0.008m€0.03m€0.01m▼ 61.1%
Other amounts receivable41€0.003m€0.01m€0.01m▲ 56.4%
Current investments50/53--€1.3m-
Cash at bank and in hand54/58€0.2m€0.06m€0.2m▲ 210%
Deferred charges and accrued income490/1€0.09m€0.06m€0.06m▼ 9.3%
Equity and liabilities
Total equity and liabilities10/49€0.4m€0.3m€2.0m▲ 479%
Equity10/15-€0.08m-€0.2m€1.9m-
Contributions10/11€0.08m€0.08m€2.6m▲ 32×
Profit (loss) carried forward14-€0.2m-€0.3m-€0.7m▼ 135%
Amounts payable17/49€0.5m€0.6m€0.1m▼ 76.5%
Amounts payable after more than one year17€0.4m€0.4m€0▼ 100%
Financial debts170/4€0.4m€0.4m€0▼ 100%
Amounts payable within one year42/48€0.07m€0.1m€0.1m▼ 4.5%
Trade debts44€0.06m€0.08m€0.04m▼ 50.9%
Suppliers440/4€0.06m€0.08m€0.04m▼ 50.9%
Advances received on contracts in progress46-€0.04m€0▼ 100%
Taxes, remuneration and social security45€0.02m€0.03m€0.1m▲ 261%
Taxes450/3€0.002m€0€0.007m-
Remuneration and social security454/9€0.01m€0.03m€0.09m▲ 237%
Accrued charges and deferred income492/3€0.02m€0.02m€0.001m▼ 95.5%
Line202320242025Change
Profit (loss) for the period9904-€161,043-€140,654-€408,349▼ 190%
+ Depreciation and write-downs630€31,844€53,405€102,501▲ 91.9%
Operating cash flow (approximation)-€129,198-€87,249-€305,848▼ 251%
Investment in fixed assets (approximation)--€104,945-€277,276▼ 164%
Change in cash--€88,202€135,886-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference Document
31-12-2025 micro format 31-07-2026 2026-00360995 NBB
31-12-2024 micro format 09-06-2025 2025-00125960 PDF
31-12-2023 micro format 23-07-2024 2024-00271458 PDF

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