Equity
NVITECH paid out €17,647 in dividends. That is 83% of the 2025 profit.
NVITECH paid out €17,647 in dividends. That is 83% of the 2025 profit.
The micro format states no turnover.
Green is investment, beige is depreciation. Machinery stands 109.2% higher than in 2024.
The last four annual accounts were filed 20 to 42 days before the end of the period.
Higher gross margin than 95% of companies in specialised construction. Sector median €39,317 · 35,079 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 32% of them on solvency, 36% on liquidity, 82% on profitability and 60% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 7,976 companies had the same profile as NVITECH has now. Each dot stands for 20 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of NVITECH itself is lower: 0.7% within 12 months. It rests on far more data about NVITECH than the profile alone.
The method was tested on the 497,447 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.
| 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 7,976 companies, not a prediction for NVITECH. 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.
Liquidity is tight, with a current ratio of 1.32 (1.71 in 2024), below the usual 1.5. Short-term debt is 70.1% and cash 26.2% of total assets. 70.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 29 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| NVITECH Berchem-Sainte-Agathe | - | - | 29.9% | - |
| WOUTER DECUYPERE Bruges | - | - | 32.6% | - |
| RELOOK TOITURES Berchem-Sainte-Agathe | - | - | 3.1% | - |
| RepriseTextile Woluwe-Saint-Lambert | €6,283 | - | 34.0% | - |
| SHS ISOLATION Saint-Josse-ten-Noode | - | - | 47.8% | - |
| Entreprise Sam-Sam Asse | €303,296 | 11.5% | 48.0% | - |
| DSD Acoustics Genk | - | - | 83.6% | - |
These companies have the same main activity as NVITECH: insulation installation (NACE 43230). They are comparable in size and age: total assets between €129,000 and €199,000, founded between 2019 and 2023.
NVITECH files the micro format. That format states no turnover. The gross margin rose from €4,568 in 2022 to €284,205 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €710,000. Estimated: probably between €540,000 and €910,000.
Higher than 32% of 35,119 companies in 2025.
Higher than 34% of 34,493 companies in 2025.
Higher than 80% of 34,694 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 8 people joined and 2 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
97,120 | 54,356 | 29,292 | 6,275 | |
21/28 |
6,971 | 5,159 | 3,500 | 3,500 | |
22/27 |
3,471 | 1,659 | - | - | |
23 |
3,471 | 1,659 | - | - | |
28 |
3,500 | 3,500 | 3,500 | 3,500 | |
29/58 |
90,149 | 49,197 | 25,792 | 2,775 | |
40/41 |
64,746 | 29,161 | 8,205 | 1,958 | |
40 |
47,885 | 18,465 | 1,183 | 301 | |
41 |
16,862 | 10,696 | 7,022 | 1,656 | |
54/58 |
25,402 | 20,035 | 17,587 | 818 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
97,120 | 54,356 | 29,292 | 6,275 | |
10/15 |
29,062 | 25,568 | 5,299 | 4,673 | |
10/11 |
1,596 | 1,596 | 1,596 | 1,596 | |
14 |
27,466 | 23,972 | 3,703 | 3,077 | |
17/49 |
68,058 | 28,788 | 23,993 | 1,602 | |
42/48 |
68,058 | 28,788 | 23,993 | 1,602 | |
44 |
17,637 | 14,157 | 6,750 | 754 | |
440/4 |
17,637 | 14,157 | 6,750 | 754 | |
45 |
32,775 | 14,632 | 17,243 | 769 | |
450/3 |
19,983 | 9,175 | 4,148 | 769 | |
454/9 |
12,792 | 5,457 | 13,095 | - | |
47/48 |
17,647 | - | - | 79 | |
| Income statement | |||||
9900 |
284,205 | 113,238 | 87,528 | 4,568 | |
62 |
250,585 | 83,941 | 86,412 | - | |
630 |
667 | 341 | - | - | |
640/8 |
3,220 | 3,028 | 259 | 713 | |
9901 |
29,733 | 25,928 | 857 | 3,854 | |
75/76B |
1 | 0 | - | 0 | |
75 |
1 | 0 | - | 0 | |
65/66B |
509 | 83 | 57 | 8 | |
65 |
509 | 83 | 57 | 8 | |
9903 |
29,224 | 25,845 | 799 | 3,847 | |
67/77 |
8,083 | 5,576 | 173 | 769 | |
9904 |
21,141 | 20,268 | 626 | 3,077 | |
9905 |
21,141 | 20,268 | 626 | 3,077 | |
| Appropriation of the result | |||||
9906 |
45,113 | 23,972 | 3,703 | 3,077 | |
14P |
23,972 | 3,703 | 3,077 | - | |
694/7 |
17,647 | - | - | - | |
694 |
17,647 | - | - | - | |
| Social balance sheet | |||||
9087 |
8.2 | - | 2.5 | - | |
Hours worked1013 |
12,866 | - | 3,852 | - | |
| Document | |||||
The notes to these accounts have 6 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.
Source: Annual accounts 2025 at the NBB, filed on 01-07-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 30,399 | 26,269 | - | - | ||
| 21,808 | 20,609 | - | - | ||
| 2,479 | 2,000 | - | 3,500 | ||
| 5,367 | 2,449 | 16,769 | - | ||
| 22,090 | 20,408 | 1,799 | 1,173 | ||
| 29.9% | 47.0% | 18.1% | 74.5% | ||
| 1.32 | 1.71 | 1.07 | 1.73 | ||
| 2.34 | 1.13 | 4.53 | 0.34 | ||
| 72.7% | 79.3% | 11.8% | 65.8% | ||
| 21.8% | 37.3% | 2.1% | 49.0% | ||
| 59.74 | over 100 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 10 | 4 |
| full-time | 10 | 4 |
| in full-time equivalents | 10 | 4 |
| 8.2 | 2.5 | |
| On a permanent contract | 8 | 3 |
| Joined | 8 | - |
| Left | 2 | - |
Source: social balance sheet in the 2023 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €2,479 | €2,000 | - | - |
| Financial fixed assets | - | - | - | €3,500 |
| €667 | €341 | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 15% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 53.0% to 70.1%. Equity and debt are higher.
NVITECH has no parent and no holdings in its annual accounts. ABDUL RAHMAN Nabil is the only director.
| AKRAM TR via Chaabane Ahmed, at NVITECH until 2024 · Director · deed of 20-09-2022 founded in 2018 |
total assets €87,559 (2025) |
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
NVITECH was incorporated on 24 January 2022 as a private limited company by two natural persons, with a starting capital of €6,000.12 Since 2022, ABDUL RAHMAN Nabil has served as director.3 Total assets rose from €6,275 in 2022 to €97,120 in 2025 and headcount from 2.5 full-time equivalents in 2023 to 8.2 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Hubert Heymansstraat 1 registered office 1082 Berchem-Sainte-Agathe | 01-03-2022 | 2.328.376.221 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21342B0095/00K004 | 90 m² | 1 · 90 m² | 16.5 m · 4 |
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