NIVICO
ActiveSummary
NIVICO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8k and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 62% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+12
Solvency70▲+20
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.38 in 2024; short-term debt: 51.3% and cash: 13.8% of total assets), but 55.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €8k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 6 filingsDeviation from the deadline
2025
6 d late
2024
1 d late
2023
8 d late
2022
28 d early
2021
2 d early
2020
3 d early
← 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
€8k▲ 66.4%
2024 · €5k
2020: €45k
2021: €16k
2022: €5k
2023: €3k
2024: €5k
2020 → 2025
Total assets
€18k▼ 6.6%
2024 · €20k
2020: €60k
2021: €24k
2022: €18k
2023: €19k
2024: €20k
2020 → 2025
Net result
€3k▲ 104%
2024 · €2k
2020: €35k
2021: €-28k
2022: €-11k
2023: €-2k
2024: €2k
2020 → 2025
Working capital
€9k▲ 67.9%
2024 · €5k
2020: €41k
2021: €14k
2022: €4k
2023: €4k
2024: €5k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€16k-€5k▼ 67.9%€3k▼ 36.7%€5k▲ 48.2%€8k▲ 66.4%
Operating result€-27k-€-10k▲ 62.9%€-734▲ 92.7%€2k€3k▲ 37.2%
Net result€-28k-€-11k▲ 60.2%€-2k▲ 82.7%€2k€3k▲ 104%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 37% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €18k
Equity
€8k ▲ 66.4%
Debt
€10k ▼ 31.2%
Debt's share of the balance-sheet total falls from 74.8% to 55.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3k▲
2024 · €3k
Cash flow
€4k▲
2024 · €2k
Current ratio
1.95▲
2024 · 1.38
Debt to equity
1.23▼
2024 · 2.97
ROE
39.9%▲
2024 · 32.5%
ROA
17.9%▲
2024 · 8.2%
Interest coverage
14.59▼
2024 · 16.11
Debt ≤ 1 year
€9k▼
2024 · €14k
Income taxes
€136▼
2024 · €220
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€20k€18k▼
Fixed assets21/28€328-
Tangible fixed assets22/27€328-
Furniture and vehicles24€328-
Current assets29/58€19k€18k▼
Amounts receivable within one year40/41€11k€16k▲
Trade receivables40€11k€16k▲
Other amounts receivable41-€10
Cash at bank and in hand54/58€7k€3k▼
Deferred charges and accrued income490/1€904-
Equity and liabilities
Total equity and liabilities10/49€20k€18k▼
Equity10/15€5k€8k▲
Contributions10/11€10k€10k=
Reserves13€35k€35k=
Distributable reserves133€35k€35k=
Profit (loss) carried forward14€-40k€-36k▲
Amounts payable17/49€15k€10k▼
Amounts payable within one year42/48€14k€9k▼
Current portion of amounts payable after more than one year42€3k€3k=
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€3k▼
Remuneration and social security454/9-€1k
Accrued charges and deferred income492/3€700€700=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€578€328▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-1k
Other operating charges640/8€569€2k▲
Gross operating margin9900€3k€4k▲
Operating profit (loss)9901€2k€3k▲
Financial income75/76B€0€908▲
Recurring financial income75€0€0▼
Non-recurring financial income76B-€908
Financial charges65/66B€160€210▲
Recurring financial charges65€160€210▲
Profit (loss) for the period before taxes9903€2k€3k▲
Income taxes67/77€220€136▼
Profit (loss) for the period9904€2k€3k▲
Profit (loss) for the period to be appropriated9905€2k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-36k▲
Profit (loss) brought forward from the previous period14P€-41k€-40k▲
The notes to these accounts (4 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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
03-07
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
Weakest financial yearnet €-28k ▼181%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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 · 1 establishment unit since 2019
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.
Vredestraat 832600 AntwerpenGround area
223 m²
Building footprint
85 m²
Volume, LiDAR
686 m³
Parcel 11003B0044/00N006, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NIVICO
since 20192.290.835.142
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003B0044/00N006 | Flanders | 223 m² | 1 · 85 m² | 12.0 m · 3 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.
Similar companies · same sector, comparable size
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RESIDENCE VIVALDI
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Hallet Immo
BE 1011.604.882
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WERYBEL
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Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 1,410 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
Founded02-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
64210Activities of holding companies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.pieterjanvandam.com
E-mail:hello@pieterjanvandam.com