NIFRE
ActiveThe computed 12-month bankruptcy probability of NIFRE is 2.2% (moderate). The annual accounts of NIFRE for fiscal year 2025 show a net loss of 268% of total assets and of 92% of the equity at the start of that year. The 2025 annual accounts show equity of €2k and a net result of €-20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 13306 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-26
Solvency47▼-53
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.08 against 3.92 in 2024; short-term debt: 78.1% and cash: 54.1% of total assets), and 78.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
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 2025Solvency, return and age of the figures
Solvency
21.9%
Return on assets
-267.8%
Age of the figures
9 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-20k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
20 d early
2023
7 d early
2022
5 d early
2021
2 d early
2020
20 d late
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 92.4%
2024 · €22k
2018: €357
2019: €-14k
2020: €-8k
2021: €14k
2022: €22k
2023: €23k
2024: €22k
2018 → 2025
Total assets
€8k▼ 73.7%
2024 · €29k
2018: €15k
2019: €16k
2020: €4k
2021: €25k
2022: €33k
2023: €27k
2024: €29k
2018 → 2025
Net result
€-20k▼ 3,320%
2024 · €-599
2018: €-687
2019: €-14k
2020: €6k
2021: €22k
2022: €9k
2023: €554
2024: €-599
2018 → 2025
Working capital
€485▼ 97.6%
2024 · €20k
2018: €1k
2019: €-13k
2020: €-10k
2021: €12k
2022: €21k
2023: €20k
2024: €20k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€22k▲ 63.9%€23k▲ 2.5%€22k▼ 2.6%€2k▼ 92.4%
Operating result€22k-€10k▼ 55.5%€818▼ 91.5%€-234€-20k▼ 8,565%
Net result€22k-€9k▼ 60.0%€554▼ 93.6%€-599€-20k▼ 3,320%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2025 against €234 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8k
Fixed assets
€1k▼ 36.3%
Current assets
€6k▼ 76.3%
Equity and liabilities €8k
Equity
€2k▼ 92.4%
Debt
€6k▼ 13.9%
The debt ratio rises from 23.8% to 78.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-20k▼
2024 · €445
Cash flow
€-20k▼
2024 · €80
Solvency
21.9%▼
2024 · 76.2%
Current ratio
1.08▼
2024 · 3.92
Quick ratio
1.08▼
2024 · 3.92
Debt / equity
3.57▲
2024 · 0.31
ROA
-267.8%▼
2024 · -2.1%
Interest coverage
-75.39▼
2024 · 1.22
Debt
€6k▼
2024 · €7k
Debt ≤ 1 year
€6k▼
2024 · €7k
Staff costs
€8k▼
2024 · €10k
A ratio outside any meaningful range has been withheld (balance sheet total €8k, equity €2k).
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€29k€8k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€184€138▼
Current assets29/58€27k€6k▼
Amounts receivable within one year40/41€4k€2k▼
Trade receivables40€4k€314▼
Other amounts receivable41-€1k
Cash at bank and in hand54/58€23k€4k▼
Deferred charges and accrued income490/1€414€734▲
Equity and liabilities
Total equity and liabilities10/49€29k€8k▼
Equity10/15€22k€2k▼
Contributions10/11€6k€6k=
Reserves13€17k€17k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€-599€-21k▼
Amounts payable17/49€7k€6k▼
Amounts payable within one year42/48€7k€6k▼
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€1k€1k▼
Remuneration and social security454/9€3k€2k▼
Other amounts payable47/48€33-
Income statement
Code20242025
Remuneration, social security and pensions62€10k€8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€679€679=
Other operating charges640/8€1k€1k▲
Gross operating margin9900€11k€-10k▼
Operating profit (loss)9901€-234€-20k▼
Financial income75/76B€0€34▲
Recurring financial income75€0€34▲
Financial charges65/66B€365€260▼
Recurring financial charges65€365€260▼
Profit (loss) for the period before taxes9903€-599€-20k▼
Profit (loss) for the period9904€-599€-20k▼
Profit (loss) for the period to be appropriated9905€-599€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-599€-21k▼
Profit (loss) brought forward from the previous period14P-€-599
The notes to these accounts (6 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 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €22k ▲257%
Operating result €22k, net result €22k, both a record.
31-12
Financial
Liquidity times 11current ratio 2.07
Current ratio from 0.19 to 2.07; short-term debt falls from €12k to €11k.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Olen · 1 establishment unit since 2010
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.
Stationsstraat 312250 OlenGround area
345 m²
Building footprint
200 m²
Volume, LiDAR
1,032 m³
Parcel 13029D0298/03D000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEN HOEK
since 20102.184.282.127
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029D0298/03D000 | Flanders | 345 m² | 1 · 200 m² | 10.1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOlen2.184.282.127
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Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 1,550 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-2009
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.