ACTIVE

NIRO

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Financial year 2025 · closed on 31/12/2025

Net result

-47,5 k €

-150.3% YoY

Gross margin

-43,6 k €

-136.1% YoY

Equity

-1,8 k €

-103.8% YoY

What does NIRO do?

NIRO is a Public limited company incorporated in 1994. Its main activity is: Construction of buildings. Its registered office is in Sprimont.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.684.449

Incorporation

11/05/1994

Legal form

Public limited company

Registered office

Rue El Bedire(LVG) 8
4141 Sprimont · WallonieSee on map

Contributed capital

62 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings

Signals

Good liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-43,6 k €	-136%	120,9 k €	+426%	-37 k €	-13.0%	-32,8 k €	+69.0%	-105,7 k €	-469%	28,7 k €	-64.9%	81,6 k €	+436%	15,2 k €	-62.2%	40,3 k €	-20.6%	50,7 k €	-23.8%	66,5 k €	-37.7%	106,9 k €	-29.4%	151,4 k €	+147%	61,3 k €	+9.9%	55,8 k €	-30.1%	79,8 k €	+457%	-22,4 k €	-155%	40,5 k €
EBITDA	-44,9 k €	-138%	118,5 k €	+403%	-39,2 k €	-14.4%	-34,2 k €	+68.0%	-106,8 k €	-489%	27,4 k €	-65.8%	80,2 k €	+563%	12,1 k €	-67.2%	36,9 k €	-25.0%	49,2 k €	+80.2%	27,3 k €	-73.7%	103,8 k €	-26.0%	140,2 k €	+130%	60,9 k €	+10.1%	55,3 k €	-30.4%	79,5 k €	+380%	-28,4 k €	-44.0%	-19,7 k €
Operating result	-45,1 k €	-138%	118,2 k €	+395%	-40 k €	+3.7%	-41,5 k €	+64.9%	-118,3 k €	-840%	16 k €	-76.8%	68,8 k €	+1890%	3,5 k €	-87.9%	28,6 k €	-36.8%	45,2 k €	+93.9%	23,3 k €	-76.7%	99,9 k €	-28.2%	139,2 k €	+191%	47,8 k €	+12.5%	42,4 k €	-36.3%	66,6 k €	+261%	-41,3 k €	-29.5%	-31,9 k €
Net result	-47,5 k €	-150%	94,4 k €	+246%	-64,7 k €	-29.9%	-49,8 k €	+58.7%	-120,5 k €	-4200%	2,9 k €	-93.3%	43,9 k €	+1163%	-4,1 k €	-132%	12,9 k €	-26.5%	17,6 k €	+87.7%	9,4 k €	-84.8%	61,9 k €	+172%	22,7 k €	-39.8%	37,7 k €	+40.5%	26,9 k €	-10.6%	30,1 k €	+159%	-51 k €	-27.8%	-39,9 k €
Balance sheet
Equity	-1,8 k €	-104%	45,8 k €	+194%	-48,7 k €	-403%	16,1 k €	-75.6%	65,9 k €	-64.6%	186,4 k €	+1.6%	183,5 k €	+31.5%	139,6 k €	-2.9%	143,7 k €	+2.2%	140,7 k €	+14.3%	123 k €	+8.3%	113,7 k €	+119%	51,8 k €	+78.2%	29,1 k €	+435%	-8,7 k €	+75.6%	-35,5 k €	+45.8%	-65,6 k €	-350%	-14,6 k €
Total assets	73,1 k €	-73.3%	273,8 k €	-35.2%	422,8 k €	-38.7%	689,2 k €	+196%	232,6 k €	-42.7%	405,7 k €	-51.9%	843,6 k €	-15.4%	997,8 k €	+133%	427,3 k €	-35.2%	659,9 k €	-48.7%	1,3 M €	+158%	497,2 k €	+41.9%	350,4 k €	-4.4%	366,4 k €	-13.8%	425,2 k €	-38.1%	687 k €	+103%	338,8 k €	+108%	162,9 k €
Cash	5,6 k €	-97.9%	267,8 k €	+3723%	7 k €	-15.2%	8,3 k €	-91.5%	97,4 k €	-73.9%	372,9 k €	+170%	137,9 k €	-26.7%	188,1 k €	+78.7%	105,3 k €	+60.7%	65,5 k €	+21.7%	53,9 k €	+447%	9,8 k €	-97.2%	345,8 k €	+318%	82,6 k €	+42.9%	57,8 k €	+1210%	4,4 k €	+213%	1,4 k €	-87.0%	10,9 k €
Debts	74,3 k €	-67.3%	227,5 k €	-51.7%	471,5 k €	-30.0%	673,1 k €	+304%	166,7 k €	-24.0%	219,3 k €	-66.7%	659 k €	-23.2%	858,2 k €	+204%	282,5 k €	-45.6%	519,2 k €	-55.3%	1,2 M €	+203%	383,6 k €	+33.0%	288,4 k €	-14.5%	337,4 k €	-22.2%	433,9 k €	-40.0%	722,5 k €	+78.7%	404,4 k €	+128%	177,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 5 ended

Active mandates

Nicolas NIRO

Director

Active

PASCAL NIRO

Director

Active

SANDRO NIRO

Managing director

Active

Ended mandates

NICOLA NIRO

Director · since 06 juin 2013 · until 17 mai 2019

Ended

PASCAL NIRO

Director · since 06 juin 2013 · until 17 mai 2019

Ended

SANDRO NIRO

Managing director · since 06 juin 2013 · until 17 mai 2019

Ended

Nicola NIRO

Mandate

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	14/07/2026	22/08/2025	27/06/2024	28/06/2023	31/08/2022	30/06/2021
General meeting	16/06/2026	30/06/2025	22/03/2024	23/06/2023	30/06/2022	16/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	16/06/2026	14/07/2026	French	PDF
Micro model	31/12/2024	30/06/2025	22/08/2025	French	PDF
Micro model	31/12/2023	22/03/2024	27/06/2024	French	PDF
Micro model	31/12/2022	23/06/2023	28/06/2023	French	PDF
Micro model	31/12/2021	30/06/2022	31/08/2022	French	PDF
Micro model	31/12/2020	16/06/2021	30/06/2021	French	PDF
Micro model	31/12/2019	29/06/2020	07/07/2020	French	PDF
Micro model	31/12/2018	28/06/2019	04/07/2019	French	PDF
Abridged model	30/11/2017	06/06/2018	27/06/2018	French	PDF
Abridged model	31/12/2015	23/03/2016	25/04/2016	French	PDF
Abridged model	31/12/2014	03/07/2015	16/07/2015	French	PDF
Abridged model	31/12/2013	28/05/2014	12/06/2014	French	PDF
Abridged model	31/12/2012	17/05/2013	18/07/2013	French	PDF
Abridged model	31/12/2011	19/05/2012	27/08/2012	French	PDF
Abridged model	31/12/2010	13/05/2011	18/05/2011	French	PDF
Abridged model	31/12/2009	10/05/2010	15/09/2010	French	PDF
Abridged model	31/12/2008	30/09/2009	17/02/2010	French	PDF
Abridged model	31/12/2007	04/04/2008	09/04/2008	French	PDF
Abridged model	31/12/2006	22/03/2007	29/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 3 active · 5 ended

Active mandates

Nicolas NIRO

Director

Active

PASCAL NIRO

Director

Active

SANDRO NIRO

Managing director

Active

Ended mandates

NICOLA NIRO

Director · since 06 juin 2013 · until 17 mai 2019

Ended

PASCAL NIRO

Director · since 06 juin 2013 · until 17 mai 2019

Ended

SANDRO NIRO

Managing director · since 06 juin 2013 · until 17 mai 2019

Ended

Nicola NIRO

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates19/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates04/01/2018
DENOMINATION - ASSEMBLEE GENERALE
PDF
Other09/01/2017
ANNEE COMPTABLE
PDF
Mandates06/01/2014
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates16/04/2010
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates11/03/2010
SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates06/01/2010
DEMISSIONS, NOMINATIONS
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 2025-47,5 k €↓
2024
Annual accounts 202494,4 k €↑
2023
Annual accounts 2023-64,7 k €↓
2022
Annual accounts 2022-49,8 k €↑
2021
Annual accounts 2021-120,5 k €↓
2020
Annual accounts 20202,9 k €↓
2019
Annual accounts 201943,9 k €↑
2018
Annual accounts 2018-4,1 k €↓
2017
Annual accounts 201712,9 k €↓
2015
Annual accounts 201517,6 k €↑
2014
Annual accounts 20149,4 k €↓
2013
Annual accounts 201361,9 k €↑
2012
Annual accounts 201222,7 k €↓
2011
Annual accounts 201137,7 k €↑
2010
Annual accounts 201026,9 k €↓
2009
Annual accounts 200930,1 k €↑
2008
Annual accounts 2008-51 k €↓
2007
Annual accounts 2007-39,9 k €
11/05/1994
IncorporationPublic 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

NIRO

Overview

What does NIRO 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