NITTO BELGIUM
ActiveNITTO BELGIUM has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €83.19M and a net result of €14.75M. Equity remains stable across the filed fiscal years (±0.7% per year). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
100
/ 100
Excellent▲ +7 vs 2025
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability69▲+27
Solvency99▼-1
Growth63▲+1
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 2.16 against 2.57 in 2025), and 39.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
60.3%
Return on assets
10.7%
Age of the figures
5 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-07-2026, 109 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
109 d early
2025
92 d early
2024
120 d early
2023
83 d early
2022
74 d early
2021
93 d early
2020
107 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, full schema
Turnover
€224.86M▲ 6.1%
2025 · €211.98M
2019: €218.11M
2020: €200.75M
2021: €195.38M
2024: €218.89M
2025: €211.98M
2019 → 2026
EBIT margin
9.5%▲ 4.8pp
2025 · 4.7%
2019: 2.7%
2020: 2.4%
2021: 0.8%
2024: 4.5%
2025: 4.7%
2019 → 2026
Net result
€14.75M▲ 104%
2025 · €7.22M
2019: €4.16M
2020: €3.35M
2021: €507k
2024: €7.06M
2025: €7.22M
2019 → 2026
Working capital
€61.11M▼ 1.7%
2025 · €62.18M
2019: €51.90M
2020: €48.08M
2021: €51.80M
2024: €59.73M
2025: €62.18M
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202420252026Trend
Turnover€200.75M-€195.38M▼ 2.7%€218.89M▲ 12.0%€211.98M▼ 3.2%€224.86M▲ 6.1%
Equity€82.10M-€80.27M▼ 2.2%€84.20M▲ 4.9%€83.78M▼ 0.5%€83.19M▼ 0.7%
Operating result€4.91M-€1.51M▼ 69.3%€9.78M▲ 548%€9.86M▲ 0.9%€21.25M▲ 115%
Net result€3.35M-€507k▼ 84.8%€7.06M▲ 1,293%€7.22M▲ 2.3%€14.75M▲ 104%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2026 is 115% above 2025 and is the highest year so far.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €137.96M
Fixed assets
€24.26M▲ 3.0%
Current assets
€113.70M▲ 11.7%
Equity and liabilities €137.96M
Equity
€83.19M▼ 0.7%
Provisions
€2.18M▲ 11.8%
Debt
€52.59M▲ 32.7%
The debt ratio rises from 31.6% to 38.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€27.11M▲
2025 · €17.47M
Cash flow
€20.61M▲
2025 · €14.83M
Solvency
60.3%▼
2025 · 66.8%
Current ratio
2.16▼
2025 · 2.57
Quick ratio
1.43▼
2025 · 1.68
Debt / equity
0.63▲
2025 · 0.47
ROE
17.7%▲
2025 · 8.6%
ROA
10.7%▲
2025 · 5.8%
Interest coverage
145.68▲
2025 · 123.71
Debt
€52.59M▲
2025 · €39.62M
Debt ≤ 1 year
€52.59M▲
2025 · €39.62M
Income taxes
€5.32M▲
2025 · €2.83M
Staff costs
€49.49M▲
2025 · €45.23M
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€125.35M€137.96M▲
Fixed assets21/28€23.55M€24.26M▲
Intangible fixed assets21€1.40M€3.75M▲
Tangible fixed assets22/27€22.15M€20.50M▼
Land and buildings22€7.13M€7.57M▲
Plant, machinery and equipment23€13.68M€12.09M▼
Furniture and vehicles24€273k€248k▼
Assets under construction and advance payments27€1.07M€593k▼
Financial fixed assets28€3k€16k▲
Other financial fixed assets284/8€3k€16k▲
Amounts receivable and cash guarantees285/8€3k€16k▲
Current assets29/58€101.80M€113.70M▲
Stocks and contracts in progress3€35.08M€38.66M▲
Stocks30/36€35.08M€38.66M▲
Raw materials and consumables30/31€7.11M€7.88M▲
Work in progress32€7.24M€7.39M▲
Finished goods33€4.69M€6.15M▲
Goods purchased for resale34€16.04M€17.24M▲
Amounts receivable within one year40/41€42.85M€46.18M▲
Trade receivables40€40.90M€44.24M▲
Other amounts receivable41€1.96M€1.94M▼
Current investments50/53€3k€10.03M▲
Other investments51/53€3k€10.03M▲
Cash at bank and in hand54/58€23.49M€18.50M▼
Deferred charges and accrued income490/1€369k€335k▼
Equity and liabilities
Total equity and liabilities10/49€125.35M€137.96M▲
Equity10/15€83.78M€83.19M▼
Contributions10/11€28.05M€28.05M=
Capital10€28.05M€28.05M=
Issued capital100€28.05M€28.05M=
Reserves13€3.92M€3.92M=
Non-distributable reserves130/1€2.83M€2.83M=
Legal reserve130€2.81M€2.81M=
Reserves not available under the articles1311€28k€28k=
Distributable reserves133€1.08M€1.08M=
Profit (loss) carried forward14€51.81M€51.23M▼
Provisions and deferred taxes16€1.95M€2.18M▲
Provisions for liabilities and charges160/5€1.95M€2.18M▲
Pensions and similar obligations160€164k€68k▼
Major repairs and maintenance162€132k€50k▼
Environmental obligations163€144k€547k▲
Other liabilities and charges164/5€1.51M€1.52M▲
Amounts payable17/49€39.62M€52.59M▲
Amounts payable within one year42/48€39.62M€52.59M▲
Trade debts44€23.04M€25.62M▲
Suppliers440/4€23.04M€25.62M▲
Advances received on contracts in progress46€1.13M€1.76M▲
Taxes, remuneration and social security45€6.02M€7.35M▲
Taxes450/3€554k€1,000k▲
Remuneration and social security454/9€5.47M€6.35M▲
Other amounts payable47/48€9.43M€17.87M▲
Income statement
Code20252026
Operating income70/76A€217.70M€234.41M▲
Turnover70€211.98M€224.86M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-2.91M€1.42M▲
Own construction capitalised72€391k€245k▼
Other operating income74€8.24M€7.88M▼
Operating charges60/66A€207.84M€213.16M▲
Goods for resale, raw materials and consumables60€108.51M€113.33M▲
Purchases600/8€105.83M€115.04M▲
Change in stocks: decrease (increase)609€2.68M€-1.71M▼
Services and other goods61€43.77M€42.97M▼
Remuneration, social security and pensions62€45.23M€49.49M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7.61M€5.86M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€891k€-568k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€1.20M€1.50M▲
Other operating charges640/8€536k€502k▼
Non-recurring operating charges66A€93k€72k▼
Operating profit (loss)9901€9.86M€21.25M▲
Financial income75/76B€4.18M€7.52M▲
Recurring financial income75€4.01M€7.49M▲
Income from current assets751€520k€397k▼
Other financial income752/9€3.48M€7.10M▲
Non-recurring financial income76B€179k€24k▼
Financial charges65/66B€4.00M€8.69M▲
Recurring financial charges65€4.00M€8.69M▲
Debt charges650€141k€186k▲
Other financial charges652/9€3.86M€8.51M▲
Profit (loss) for the period before taxes9903€10.05M€20.08M▲
Income taxes67/77€2.83M€5.32M▲
Taxes670/3€2.83M€5.33M▲
Tax adjustments and reversals of tax provisions77€330€3k▲
Profit (loss) for the period9904€7.22M€14.75M▲
Profit (loss) for the period to be appropriated9905€7.22M€14.75M▲
Appropriation of the result
Profit (loss) to be appropriated9906€59.46M€66.56M▲
Profit (loss) brought forward from the previous period14P€52.24M€51.81M▼
Profit to be distributed694/7€7.65M€15.34M▲
Return on contributions (dividend)694€7.65M€15.34M▲
Social balance
Average headcount (FTE)9087487.9491.5▲
The notes to these accounts (79 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 2027, expected by
2026
19-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Permanent representative14 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Permanent representative14 facts ▸
- General meeting, 2026-06-29
- Director reappointment, 3D-ACS BV (bestuurder)
- Permanent representative, Stefan Maussen
- Director reappointment, Torsten Schulze (bestuurder)
- Director reappointment, Daisuke Uno (bestuurder)
- Director reappointment, JMV Consulting BV (bestuurder)
- Permanent representative, Johan Vansweevelt
- Director reappointment, AUTer Circle BV (bestuurder)
- Permanent representative, Hilde Van Autgaerden
- Director reappointment, D-Votus BV (bestuurder)
- Permanent representative, Davy Van Opstal
- Mandate compensation, Nitto Belgium
- +2 further facts in this act
14-07
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
31-03
Financial
Highest result since 2019net €14.75M ▲104%
Operating result €21.25M, net result €14.75M, both a record.
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Weakest financial yearnet €507k ▼84.8%
Net result drops to €507k, the lowest in the series; recovery starts the following year.
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26106153). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
3D-ACS
CurrentDirector · since 29-06-2026 · Private limited company · perm. rep.: Stefan Maussen
AUTer Circle BV
CurrentDirector · since 29-06-2026 · Legal entity · perm. rep.: Hilde Van Autgaerden
D-Votus BV
CurrentDirector · since 29-06-2026 · Legal entity · perm. rep.: Davy Van Opstal
Daisuke Uno
CurrentDirector · since 29-06-2026
JMV Consulting BV
CurrentDirector · since 29-06-2026 · Legal entity · perm. rep.: Johan Vansweevelt
Torsten Schulze
CurrentDirector · since 29-06-2026
29-06-2026
3D-ACS: Mandate renewed as Director
29-06-2026
3D-ACS: Mandate renewed as Managing director
29-06-2026
AUTer Circle BV: Mandate renewed as Director
29-06-2026
D-Votus BV: Mandate renewed as Director
29-06-2026
Daisuke Uno: Mandate renewed as Director
29-06-2026
JMV Consulting BV: Mandate renewed as Director
29-06-2026
Torsten Schulze: Mandate renewed as Director
30-09-2024
Lila Rei BV: Resigned as Director
31-03-2023
Yoshio Terada: Resigned as Director
31-08-2022
Yukinori Mizumoto: Resigned as Director
01-07-2022
Fiat LukZ BV: Resigned as Director
31-03-2021
Hisataka Ito: Resigned as Director
31-03-2021
Kenichi Shibata: Resigned as Director
01-01-2021
Johan Vansweevelt: Resigned as Director
01-04-2020
Eizo Kawano: Resigned as Director
01-04-2019
JTRONICX BVBA: Resigned as Director
01-02-2019
PRAGMALUTION: Resigned as Director
01-02-2019
PRAGMALUTION: Resigned as Managing director
01-04-2018
Thierry Desseaux: Resigned as Director
01-04-2017
Eisha BVBA: Resigned as Director
01-04-2017
Takashi Ozawa: Resigned as Director
15-04-2016
Monery: Resigned as Director
15-04-2016
Norikane Nabata: Resigned as Director
19-05-2015
Yasuhito Oowaki: Resigned as Director
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 1975
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.
Eikelaarstraat 223600 GenkGround area
18.7 ha
Building footprint
5,771 m²
Volume, LiDAR
53,627 m³
Parcel 71304E0654/00C000, Flanders · tallest building 17.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Eikelaarstraat 22, 3600 Genk
since 19752.009.922.944
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304E0654/00C000 | Flanders | 18.7 ha | 1 · 5,771 m² | 17.9 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.
Structure & network
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
NITTO BELGIUMBE 0413.638.781
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 155,298 EUR awarded · 155,298 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 18,078 EUR | 18,078 EUR |
| 2024 | 3 | 30,373 EUR | 46,043 EUR |
| 2023 | 2 | 69,189 EUR | 53,519 EUR |
| 2022 | 1 | 37,658 EUR | 37,658 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Call groene stroom (stopgezet)
Individueel Maatwerk
European research
1 projectProgrammes
h2020
Projects
REnewable SOLVEnts with high performance in application and improved toxicity profile
Recognitions · licences · registrations
Legal Entity Identifier
549300PNFQ0LS4U1HZ42
Similar companies · same sector, comparable size
JFE Virton
BE 0554.887.213
Virton · Eq €85.02M
MCC Verstraete
BE 0416.549.969
Maldegem · Eq €118.79M
AMCOR FLEXIBLES TRANSPAC
BE 0403.526.730
Gent · Eq €124.60M
Abriso-Jiffy
BE 0426.860.673
Anzegem · Eq €54.76M
PALL LIFE SCIENCES BELGIUM
BE 0407.606.965
Hoegaarden · Eq €126.44M
Of 778 companies in sector 22220 we hold annual accounts for 596. 41 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-02-1974
Fiscal year end31-03
Activities, NACEBEL
22220Manufacture of rubber and plastic products
22260Manufacture of rubber and plastic products
25240
Sources
Crossroads Bank for EnterprisesNational Bank · 72 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.