ACTIVE

Niels

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Financial year 2025 · closed on 31/12/2025

Net result

13,4 k €

+54.3% YoY

Gross margin

47,4 k €

+104.7% YoY

Equity

25,2 k €

-5.6% YoY

What does Niels do?

Niels is a Private limited company incorporated in 1982. Its main activity is: Painting and glazing. Its registered office is in Kalmthout.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0422.739.955

Incorporation

29/04/1982

Legal form

Private limited company

Registered office

Heiken (Ab) 7
2920 Kalmthout · FlandreSee on map

Contributed capital

8 676,27 €

Latest accounts

31/12/2025

Activities (NACE)

43341Painting and glazing· main 43341Painting and glazing 41001Construction of buildings 41201Construction of residential and non-residential buildings

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2007		2006
Income statement
Gross margin	47,4 k €	+105%	23,1 k €	+111%	11 k €	-75.3%	44,4 k €	+216%	14,1 k €	+473%	-3,8 k €	-115%	24,8 k €	+112%	11,7 k €	-39.3%	19,3 k €	-45.5%	35,4 k €	+32.6%	26,7 k €	+157%	-47,2 k €	-258%	29,8 k €	+163%	11,3 k €	-75.0%	45,4 k €	+150%	18,2 k €	+169%	-26,3 k €	-562%	5,7 k €
EBITDA	24,9 k €	+15.5%	21,5 k €	+122%	9,7 k €	-77.3%	42,8 k €	+265%	11,7 k €	+332%	-5,1 k €	-121%	23,6 k €	+122%	10,6 k €	-37.5%	17 k €	-49.4%	33,6 k €	+27.8%	26,3 k €	+152%	-50,6 k €	-288%	27 k €	+163%	10,2 k €	-76.0%	42,6 k €	+146%	17,3 k €	+156%	-30,7 k €	-1422%	2,3 k €
Operating result	20,1 k €	+44.7%	13,9 k €	+487%	2,4 k €	-94.0%	39,6 k €	+1042%	3,5 k €	+126%	-13,3 k €	-207%	12,4 k €	+61.7%	7,7 k €	-45.6%	14,1 k €	-50.8%	28,7 k €	+41.1%	20,4 k €	+136%	-56,9 k €	-440%	16,7 k €	+279%	4,4 k €	-89.2%	40,9 k €	+170%	15,1 k €	+138%	-39,4 k €	-254%	-11,1 k €
Net result	13,4 k €	+54.3%	8,7 k €	+8460%	101,5 €	-99.7%	31,1 k €	+1152%	2,5 k €	+119%	-13,4 k €	-259%	8,5 k €	+124%	3,8 k €	-71.1%	13,1 k €	-51.6%	27,1 k €	+47.6%	18,3 k €	+126%	-71,6 k €	-506%	17,6 k €	+216%	5,6 k €	-85.3%	38 k €	+198%	12,7 k €	+127%	-47,1 k €	-143%	-19,3 k €
Balance sheet
Equity	25,2 k €	-5.6%	26,7 k €	+4.7%	25,5 k €	+0.4%	25,4 k €	+546%	-5,7 k €	+30.4%	-8,2 k €	-256%	5,2 k €	+263%	-3,2 k €	+54.1%	-7 k €	+65.2%	-20,1 k €	+57.4%	-47,2 k €	+28.0%	-65,5 k €	-1173%	6,1 k €	+153%	-11,5 k €	+32.6%	-17,1 k €	+69.0%	-55,1 k €	-85.7%	-29,6 k €	-270%	17,4 k €
Total assets	48,4 k €	+18.3%	40,9 k €	+25.8%	32,5 k €	-21.4%	41,4 k €	+213%	13,2 k €	-29.5%	18,7 k €	-53.2%	40 k €	+204%	13,1 k €	-24.4%	17,4 k €	+140%	7,2 k €	-24.5%	9,6 k €	-54.8%	21,2 k €	-78.5%	98,7 k €	-9.3%	108,8 k €	-15.1%	128,1 k €	+72.8%	74,1 k €	-71.0%	255,9 k €	-12.8%	293,5 k €
Cash	7,8 k €	-18.6%	9,6 k €	+316%	2,3 k €	-63.7%	6,4 k €	+188%	2,2 k €		–		8,5 k €	+82.0%	4,7 k €	+59.4%	2,9 k €	+45.4%	2 k €	+202%	670 €	-76.9%	2,9 k €	-84.3%	18,4 k €	+669%	2,4 k €	-87.0%	18,4 k €	+202%	6,1 k €	-31.2%	8,9 k €	+248%	2,5 k €
Debts	23,2 k €	+63.8%	14,2 k €	+103%	7 k €	-56.3%	16 k €	-15.3%	18,9 k €	-29.8%	26,9 k €	-22.5%	34,7 k €	+113%	16,3 k €	-33.3%	24,4 k €	-10.8%	27,3 k €	-51.8%	56,7 k €	-34.5%	86,7 k €	-6.4%	92,6 k €	-23.0%	120,3 k €	-17.1%	145,2 k €	+12.4%	129,2 k €	-53.4%	277,5 k €	+0.9%	275 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 9 ended

Active mandates

Niels De Vos

Director

Active

Ended mandates

Niels De Vos

Manager · since 20 novembre 2014

Ended

Niels De Vos

Mandate · since 01 janvier 2005

Ended

Niels De Vos

Manager · since 01 janvier 2005

Ended

Niels De Vos jr

Manager · since 01 janvier 2005

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/05/2026	28/05/2025	05/06/2024	14/06/2023	31/07/2022	17/08/2021
General meeting	28/04/2026	29/04/2025	30/04/2024	25/04/2023	26/04/2022	27/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	28/04/2026	11/05/2026	Dutch	PDF
Micro model	31/12/2024	29/04/2025	28/05/2025	Dutch	PDF
Micro model	31/12/2023	30/04/2024	05/06/2024	Dutch	PDF
Micro model	31/12/2022	25/04/2023	14/06/2023	Dutch	PDF
Micro model	31/12/2021	26/04/2022	31/07/2022	Dutch	PDF
Micro model	31/12/2020	27/04/2021	17/08/2021	Dutch	PDF
Micro model	31/12/2019	28/04/2020	31/08/2020	Dutch	PDF
Micro model	31/12/2018	30/04/2019	31/08/2019	Dutch	PDF
Micro model	31/12/2017	24/04/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	25/04/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	26/04/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	28/04/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	28/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	29/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	29/06/2010	22/07/2010	Dutch	PDF
Abridged model	31/12/2008	04/08/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	29/07/2008	21/08/2008	Dutch	PDF
Abridged model	31/12/2006	26/06/2007	23/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 9 ended

Active mandates

Niels De Vos

Director

Active

Ended mandates

Niels De Vos

Manager · since 20 novembre 2014

Ended

Niels De Vos

Mandate · since 01 janvier 2005

Ended

Niels De Vos

Manager · since 01 janvier 2005

Ended

Niels De Vos jr

Manager · since 01 janvier 2005

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other08/02/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office07/07/2020
MAATSCHAPPELIJKE ZETEL
PDF
Registered office05/12/2014
MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/12/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/02/2005
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202513,4 k €↑
2024
Annual accounts 20248,7 k €↑
2023
Annual accounts 2023101,5 €↓
2022
Annual accounts 202231,1 k €↑
2021
Annual accounts 20212,5 k €↑
2020
Annual accounts 2020-13,4 k €↓
2019
Annual accounts 20198,5 k €↑
2018
Annual accounts 20183,8 k €↓
2017
Annual accounts 201713,1 k €↓
2016
Annual accounts 201627,1 k €↑
2015
Annual accounts 201518,3 k €↑
2014
Annual accounts 2014-71,6 k €↓
2013
Annual accounts 201317,6 k €↑
2012
Annual accounts 20125,6 k €↓
2011
Annual accounts 201138 k €↑
2010
Annual accounts 201012,7 k €↑
2007
Annual accounts 2007-47,1 k €↓
2006
Annual accounts 2006-19,3 k €
29/04/1982
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Niels

Overview

What does Niels do?

Trend over 18 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline