NITHO
ActiveSummary
The computed 12-month bankruptcy probability of NITHO is 8.7% (elevated). The 2025 annual accounts show negative equity (€-54k) and a net result of €-5k. Equity is shrinking by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 13305 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
14
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▼-55
Solvency0=
Growth32▼-26
Track record94
Bankruptcy probability, 12 months
8.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.16 against 0.14 in 2024; short-term debt: 210.2% and cash: 3.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
-110.2%
Return on assets
-10.7%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €-54k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
18 d late
2024
132 d late
2023
67 d late
2022
29 d late
2021
254 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-54k▼ 10.8%
2024 · €-49k
2021: €3k
2022: €-35k
2023: €-56k
2024: €-49k
2021 → 2025
Total assets
€49k▼ 8.4%
2024 · €54k
2021: €54k
2022: €62k
2023: €49k
2024: €54k
2021 → 2025
Net result
€-5k
2024 · €7k
2021: €-4k
2022: €-37k
2023: €-21k
2024: €7k
2021 → 2025
Working capital
€-87k▼ 5.0%
2024 · €-83k
2021: €-50k
2022: €-75k
2023: €-92k
2024: €-83k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3k-€-35k€-56k▼ 61.3%€-49k▲ 12.6%€-54k▼ 10.8%
Operating result€-4k-€-37k▼ 770%€-20k▲ 45.7%€11k€-3k
Net result€-4k-€-37k▼ 791%€-21k▲ 43.3%€7k€-5k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €11k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49k
Fixed assets
€33k ▼ 18.3%
Current assets
€16k ▲ 21.3%
Key figures and ratios
EBITDA
€4k▼
2024 · €18k
Cash flow
€2k▼
2024 · €14k
Solvency
-110.2%▼
2024 · -91.2%
Current ratio
0.16▲
2024 · 0.14
Quick ratio
0.14▲
2024 · 0.12
Debt to equity
-1.91▲
2024 · -2.10
ROA
-10.7%▼
2024 · 13.2%
Interest coverage
2.05▼
2024 · 4.96
Debt
€103k▲
2024 · €102k
Debt ≤ 1 year
€103k▲
2024 · €96k
Staff costs
€43k▲
2024 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€54k€49k▼
Fixed assets21/28€40k€33k▼
Intangible fixed assets21€35k€30k▼
Tangible fixed assets22/27€5k€3k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€13k€16k▲
Stocks and contracts in progress3€2k€2k▲
Stocks30/36€2k€2k▲
Amounts receivable within one year40/41€10k€13k▲
Other amounts receivable41€10k€13k▲
Cash at bank and in hand54/58€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€54k€49k▼
Equity10/15€-49k€-54k▼
Contributions10/11€7k€7k=
Profit (loss) carried forward14€-56k€-61k▼
Amounts payable17/49€102k€103k▲
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€96k€103k▲
Current portion of amounts payable after more than one year42€5k€4k▼
Trade debts44€13k€27k▲
Suppliers440/4€13k€27k▲
Taxes, remuneration and social security45€18k€17k▼
Taxes450/3€10k€13k▲
Remuneration and social security454/9€7k€5k▼
Other amounts payable47/48€60k€55k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Remuneration, social security and pensions62€28k€43k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€5k€5k▼
Gross operating margin9900€51k€52k▲
Operating profit (loss)9901€11k€-3k▼
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€7k€-5k▼
Profit (loss) for the period9904€7k€-5k▼
Profit (loss) for the period to be appropriated9905€7k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-56k€-61k▼
Profit (loss) brought forward from the previous period14P€-63k€-56k▲
The notes to these accounts (7 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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 132 days late
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after 3 loss-making years.
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 67 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 254 days late
2022
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 2 establishment units since 2021
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.
Nieuwstad 62000 AntwerpenGround area
208 m²
Building footprint
123 m²
Volume, LiDAR
2,114 m³
2 parcels, Flanders · tallest building 21.2 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
NITHO
since 20212.323.383.293
Twilight Cafe
since 20262.386.366.779
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C0699/00G000 | Flanders | 141 m² | 1 · 55 m² | 20.6 m · 7 fl. |
| 11803C0699/00F000 | Flanders | 67 m² | 1 · 67 m² | 21.2 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2 sitesAntwerpen2.323.383.293
Antwerpen2.386.366.779
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Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 2,113 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:nico.vandenberghen@gmail.com
Phone:0477834193