NICKEL GRAPHIC STUDIO
0449.852.841 · rovalta.com · 23/09/2026
ACTIVE
NICKEL GRAPHIC STUDIO
Financial year 2025 · closed on 31/12/2025
Net result
206,4 k €
+143.0% YoY
Gross margin
747,7 k €
+52.6% YoY
Equity
553,5 k €
+10.0% YoY
Workforce
7,7 ETP
+28.3% YoY
Overview
What does NICKEL GRAPHIC STUDIO do?
NICKEL GRAPHIC STUDIO is a Public limited company incorporated in 1993. Its main activity is: Advertising agencies. Its registered office is in Nivelles. It employs on average 7,7 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0449.852.841
Incorporation
18/03/1993
Legal form
Public limited company
Registered office
Avenue Thomas Edison 134
1402 Nivelles · WallonieSee on map
1402 Nivelles · WallonieSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
7,7 ETP
Activities (NACE)
Joint committees (1)
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 747,7 k € | +52.6% | 489,9 k € | +20.9% | 405,3 k € | +21.1% | 334,6 k € | -2.4% | 342,7 k € | +19.8% | 286,1 k € | +19.3% | 239,8 k € | +17.7% | 203,8 k € | +85.0% | 110,2 k € | +10.4% | 99,8 k € | -27.2% | 137,1 k € | +136% | 58,1 k € | -43.7% | 103,3 k € | +21.9% | 84,7 k € | +260% | 23,6 k € | -78.5% | 109,8 k € | +26.9% | 86,5 k € | -10.9% | 97,1 k € | -0.6% | 97,6 k € | +64.6% | 59,3 k € |
| EBITDA | 364,5 k € | +84.4% | 197,6 k € | +9.8% | 180 k € | +35.2% | 133,2 k € | -27.5% | 183,7 k € | +9.0% | 168,6 k € | +78.9% | 94,2 k € | -40.5% | 158,5 k € | +126% | 70,1 k € | +37.7% | 50,9 k € | -32.5% | 75,4 k € | +249% | 21,6 k € | -70.3% | 72,8 k € | +20.9% | 60,2 k € | +202% | 20 k € | -81.1% | 105,7 k € | +24.6% | 84,9 k € | +193% | 28,9 k € | -52.2% | 60,5 k € | +96.4% | 30,8 k € |
| Operating result | 300,4 k € | +136% | 127,1 k € | +7.4% | 118,3 k € | +49.5% | 79,1 k € | -42.5% | 137,5 k € | +2533% | 5,2 k € | -88.4% | 44,8 k € | -39.7% | 74,4 k € | +906% | 7,4 k € | +112% | 3,5 k € | -85.3% | 23,7 k € | +229% | -18,3 k € | -146% | 39,5 k € | +32.9% | 29,7 k € | +531% | -6,9 k € | -109% | 77,6 k € | +46.5% | 53 k € | +1103% | 4,4 k € | -88.5% | 38,4 k € | +55.5% | 24,7 k € |
| Net result | 206,4 k € | +143% | 84,9 k € | +8.7% | 78,2 k € | +31.9% | 59,3 k € | -35.8% | 92,3 k € | +1677% | -5,9 k € | -125% | 23,6 k € | -59.2% | 57,7 k € | +2165% | -2,8 k € | +55.6% | -6,3 k € | -191% | 6,9 k € | +123% | -30,2 k € | -257% | 19,3 k € | +85.4% | 10,4 k € | +247% | -7 k € | -111% | 65,9 k € | +77.1% | 37,2 k € | +946% | 3,6 k € | -87.1% | 27,5 k € | +33.3% | 20,6 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 553,5 k € | +10.0% | 503,2 k € | +20.3% | 418,3 k € | -3.2% | 432,2 k € | +15.9% | 372,9 k € | +9.5% | 340,7 k € | -2.3% | 348,8 k € | +6.0% | 329,1 k € | +31.2% | 250,9 k € | -2.3% | 256,6 k € | -3.0% | 264,5 k € | +2.1% | 259,2 k € | -8.5% | 283,3 k € | +28.0% | 221,3 k € | +4.9% | 210,9 k € | -3.2% | 218 k € | +43.3% | 152,1 k € | +32.4% | 114,9 k € | +3.2% | 111,3 k € | +32.8% | 83,8 k € |
| Total assets | 935,4 k € | -1.7% | 951,9 k € | +8.1% | 880,7 k € | -4.0% | 917,2 k € | +56.8% | 585 k € | -17.7% | 710,4 k € | -3.8% | 738,4 k € | -8.7% | 808,5 k € | +46.2% | 553,2 k € | -8.1% | 601,9 k € | -12.3% | 686,1 k € | +10.3% | 622 k € | -0.8% | 627,1 k € | +3.2% | 607,8 k € | +84.9% | 328,7 k € | -26.9% | 449,7 k € | +81.3% | 248 k € | -18.6% | 304,7 k € | +41.8% | 214,9 k € | +83.4% | 117,2 k € |
| Cash | 206,7 k € | -9.7% | 229 k € | +213% | 73,1 k € | -73.1% | 272 k € | +139% | 113,7 k € | -20.6% | 143,2 k € | +387% | 29,4 k € | -71.9% | 104,6 k € | +202% | 34,6 k € | -53.9% | 75,1 k € | -3.3% | 77,7 k € | +112% | 36,7 k € | -47.0% | 69,2 k € | -12.8% | 79,4 k € | +88.2% | 42,2 k € | -59.2% | 103,4 k € | +58.2% | 65,4 k € | +20.1% | 54,5 k € | +46.0% | 37,3 k € | +133% | 16 k € |
| Debts | 381,2 k € | -14.9% | 447,9 k € | -3.0% | 461,9 k € | -4.7% | 484,5 k € | +134% | 207,4 k € | -43.9% | 369,6 k € | -5.1% | 389,6 k € | -18.7% | 479,3 k € | +59.0% | 301,4 k € | -12.5% | 344,6 k € | -18.1% | 420,9 k € | +16.3% | 362 k € | +5.6% | 342,9 k € | -10.8% | 384,3 k € | +230% | 116,3 k € | -49.4% | 230 k € | +140% | 95,9 k € | -48.8% | 187,2 k € | +81.6% | 103,1 k € | +209% | 33,4 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 7,7 ETP | +28.3% | 6,0 ETP | +39.5% | 4,3 ETP | +13.2% | 3,8 ETP | – | – | – | – | – | – | 1,2 ETP | +20.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | +900% | 0,1 ETP | – | – | 1,0 ETP | +42.9% | 0,7 ETP | 0.0% | 0,7 ETP | ||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 8 ended
Active mandates
Françoise HARRAY
ActiveTony ERNST
ActiveEnded mandates
Françoise HARRAY
EndedFrançoise HARRAY
EndedNathalie HARRAY
EndedTony ERNST
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
CHROME● Active | 0746.934.840 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged 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 | 27/07/2026 | 18/08/2025 | 22/08/2024 | 31/08/2023 | 31/08/2022 | 25/08/2021 |
| General meeting | 30/06/2026 | 06/05/2025 | 07/05/2024 | 02/05/2023 | 03/05/2022 | 04/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 30/06/2026 | 27/07/2026 | French | |
| Abridged model | 31/12/2024 | 06/05/2025 | 18/08/2025 | French | |
| Abridged model | 31/12/2023 | 07/05/2024 | 22/08/2024 | French | |
| Abridged model | 31/12/2022 | 02/05/2023 | 31/08/2023 | French | |
| Abridged model | 31/12/2021 | 03/05/2022 | 31/08/2022 | French | |
| Abridged model | 31/12/2020 | 04/05/2021 | 25/08/2021 | French | |
| Micro model | 31/12/2019 | 05/05/2020 | 05/08/2020 | French | |
| Micro model | 31/12/2018 | 28/06/2019 | 27/08/2019 | French | |
| Micro model | 31/12/2017 | 01/05/2018 | 31/08/2018 | French | |
| Micro model | 31/12/2016 | 28/06/2017 | 30/08/2017 | French | |
| Abridged model | 31/12/2015 | 28/06/2016 | 26/07/2016 | French | |
| Abridged model | 31/12/2014 | 28/06/2015 | 28/07/2015 | French | |
| Abridged model | 31/12/2013 | 28/06/2014 | 11/08/2014 | French | |
| Abridged model | 31/12/2012 | 28/06/2013 | 22/08/2013 | French | |
| Abridged model | 31/12/2011 | 28/06/2012 | 17/07/2012 | French | |
| Abridged model | 31/12/2010 | 22/06/2011 | 31/07/2011 | French | |
| Abridged model | 31/12/2009 | 22/06/2010 | 20/07/2010 | French | |
| Abridged model | 31/12/2008 | 22/06/2009 | 07/08/2009 | French | |
| Abridged model | 31/12/2007 | 20/06/2008 | 27/06/2008 | French | |
| Abridged model | 31/12/2006 | 22/06/2007 | 25/07/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 1 M€ and 2,5 M€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 8 ended
Active mandates
Françoise HARRAY
ActiveTony ERNST
ActiveEnded mandates
Françoise HARRAY
EndedFrançoise HARRAY
EndedNathalie HARRAY
EndedTony ERNST
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025206,4 k €↑
- 2024Annual accounts 202484,9 k €↑
- 2023Annual accounts 202378,2 k €↑
- 2022Annual accounts 202259,3 k €↓
- 2021Annual accounts 202192,3 k €↑
- 2020Annual accounts 2020-5,9 k €↓
- 2019Annual accounts 201923,6 k €↓
- 2018Annual accounts 201857,7 k €↑
- 2017Annual accounts 2017-2,8 k €↑
- 2016Annual accounts 2016-6,3 k €↓
- 2015Annual accounts 20156,9 k €↑
- 2014Annual accounts 2014-30,2 k €↓
- 2013Annual accounts 201319,3 k €↑
- 2012Annual accounts 201210,4 k €↑
- 2011Annual accounts 2011-7 k €↓
- 2010Annual accounts 201065,9 k €↑
- 2009Annual accounts 200937,2 k €↑
- 2008Annual accounts 20083,6 k €↓
- 2007Annual accounts 200727,5 k €↑
- 2006Annual accounts 200620,6 k €
- 18/03/1993IncorporationPublic limited company