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NICKEL GRAPHIC STUDIO

Active
Public limited company·Activiteiten van reclamebureaus· 33 yrs active
Avenue Thomas Edison 134 ·1402 Nivelles, Belgium
KBO/BCE: BE 0449.852.841
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age33 yrs
Staff (FTE)6

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of NICKEL GRAPHIC STUDIO is 0.5% (low). The 2024 annual accounts show equity of €503k and a net result of €85k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 61% of 129 sector peers (fiscal year 2024). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend
Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

2 signals
Long-established
Founded in 1993, 33 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.5% Low
0%0,5%1,5%4%10%≥25%
Multiple establishment units +Long track record Lower-risk legal form

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€85k+8.7%
Working capital€379k+21.5%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 18-08-2025 with the NBB · fiscal year 2024 · volledig
€-50k€0€50k€100k€150kOperating result 2020: €5k€5kNet result 2020: €-6k€-6kOperating result 2021: €138k€138kNet result 2021: €92k€92kOperating result 2022: €79k€79kNet result 2022: €59k€59kOperating result 2023: €118k€118kNet result 2023: €78k€78kOperating result 2024: €127k€127kNet result 2024: €85k€85k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~7.1%/year over 7 fiscal years, indicative, assuming unchanged policy.
€300k€400k€500k€600k€700k2025: €526k (€485k - €566k)2026: €563k (€523k - €603k)2027: €603k (€554k - €651k)2018: €329k2019: €349k2020: €341k2021: €373k2022: €432k2023: €418k2024: €503k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 73, Advertising & market research · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 52.9% 43.0%
better than 61% of 129 sector peers
Net result €85k €28k
better than 69% of 129 sector peers
Equity €503k €111k
better than 70% of 129 sector peers
Gross operating margin €490k €81k
better than 86% of 113 sector peers
Staff costs €289k €235k
higher than 55% of 56 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P61
2020: P67 · n=512021: P75 · n=732022: P60 · n=932023: P60 · n=1112024: P61 · n=1292020 2024
Stable position over 2020-2024 · n=51-129
Net result P69
2020: P30 · n=512021: P75 · n=732022: P61 · n=942023: P69 · n=1132024: P69 · n=1292020 2024
Improving position over 2020-2024 · n=51-129
Equity P70
2020: P60 · n=512021: P71 · n=732022: P69 · n=942023: P70 · n=1112024: P70 · n=1292020 2024
Stable position over 2020-2024 · n=51-129
Gross operating margin P86
2020: P70 · n=432021: P85 · n=622022: P81 · n=842023: P84 · n=1002024: P86 · n=1132020 2024
Stable position over 2020-2024 · n=43-113
Describes the position versus peers, not a forecast.
EBITDA
€197k
+9.4% far above sector median
Net profit
€85k
+8.7% far above sector median
Cash flow
€155k
+10.7% far above sector median
Total assets
€952k
+8.1% far above sector median
Equity
€503k
+20.3% far above sector median
Working capital
€379k
+21.5% far above sector median
Employees (FTE)
6
+39.5% 18-24
Staff costs
€289k
+29.6% 18-24
Income taxes
€39k
+0.6% far above sector median
Dividends
€92k
+5653.8% 18-24
Debt
€449k
-3.0% far above sector median
Debt ≤ 1y
€392k
-0.7% far above sector median
Debt > 1y
€56k
-16.4% 18-24
Current ratio
1.97
+9.9% +62% vs sector
Quick ratio
1.97
+9.9% +144% vs sector
Solvency
52.9%
+11.3% +106% vs sector
Debt / equity
0.89
-19.4% -69% vs sector
ROE
16.9%
-9.7% far above sector median
ROA
8.9%
+0.6% far above sector median
Interest coverage
46.70
+5.2% far above sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€197k
Net profit€85k
Cash flow€155k
Staff costs€289k
Income taxes€39k
Dividends-
Total assets€952k
Equity€503k
Debt€449k
of which ≤ 1y€392k
of which > 1y€56k
Working capital€379k
Employees (FTE)6.0
Ratios (computed)
2024
Current ratio1.97
Quick ratio1.97
Working capital ratio39.9%
Solvency52.9%
Debt / equity0.89
Long-term debt ratio0.11
Interest coverage46.70
Gross margin-
Net margin-
ROA8.9%
ROE16.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€952k
Fixed assets 21/28€181k
Tangible fixed assets 22/27€181k
Financial fixed assets 28€25
Current assets 29/58€771k
Amounts receivable within one year 40/41€535k
Cash & bank 54/58€229k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€952k
Equity 10/15€503k
Contributions / capital 10/11€62k
Reserves 13€441k
Amounts payable 17/49€449k
Amounts payable after one year 17€56k
Amounts payable within one year 42/48€392k
Trade debts payable within one year 44€247k
Income statement
Gross operating margin 9900€490k
Operating result 9901€127k
Financial income 75€771
Financial charges 65€4k
Result before taxes 9903€124k
Income taxes 67/77€39k
Net result for the period 9904€85k
Result to be appropriated 9905€85k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
100 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
seat.Municipality exact location from the address register
2 companies at this address See who is registered here

Establishment units

3 locations
NICKEL ! GRAPHIC STUDIO
Jean Van Lierdestraat 37, 1070 AnderlechtSpeur- en ontwikkelingswerk op wetenschappelijk gebied
since 19932.061.900.294
Camille Vaneukemlaan 19, 1070 Anderlecht
Drukken van tijdschriften, andere periodieken, boeken, enz dmv offset, fotogravure, flexografie, zeefdruk, duplicators, computerprinters, printinstallaties, foto- of thermokopieerapparaten, enz
since 20212.313.757.034
Nickel Creative Solutions
Avenue Thomas Edison 134, 1402 NivellesOverige activiteiten van gespecialiseerde designers
since 20212.320.255.242
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels3
Ground area3,432 m²
Buildings3
Building footprint1,399 m²
Volume (LiDAR)4,221 m³
Tallest building14.7 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (33.3%) Brussels 2 (66.7%)
Parcel (capakey) Region Area Buildings Height / fl.
25099D0012/00B010 Wallonia 1,877 m² 1 · 752 m² -
21308H0171/00Y000 Brussels 1,064 m² 1 · 155 m² -
21302A0049/00Y002 Brussels 491 m² 1 · 492 m² 14.7 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.

Analysis

Snowflake analysis

financial profile on 5 axes
Health100Profitability84Solvency96Growth78Stability100
92 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100
Profitability 84
Solvency 96
Growth 78
Stability 100

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Reclamebureaus73110Activiteiten van reclamebureaus73110Overige activiteiten van gespecialiseerde designers74109Overige gespecialiseerde ontwerpactiviteiten74140Publiciteitsagentschappen74401Markt- en opinieonderzoekbureaus73200Markt- en opinieonderzoek73200Marktonderzoekbureaus74131
Primary activity highlighted.
Names & trade names
Legal nameFR NICKEL GRAPHIC STUDIO
Registered office
Avenue Thomas Edison 134
1402 Nivelles, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.