ACTIVE

NCLAW

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Financial year 2025 · closed on 31/12/2025

Net result

475,9 k €

+30.2% YoY

Gross margin

962,3 k €

+29.0% YoY

Equity

2,6 M €

+19.5% YoY

Workforce

2,0 ETP

+5.3% YoY

What does NCLAW do?

NCLAW is a Private limited company incorporated in 1997. Its main activity is: Legal activities. Its registered office is in Halle. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.388.823

Incorporation

04/04/1997

Legal form

Private limited company

Registered office

Bergensesteenweg 54
1500 Halle · FlandreSee on map

Contributed capital

6 207,99 €

Latest accounts

31/12/2025

Average workforce

2,0 ETP

Activities (NACE)

69101Legal activities· main 69101Legal activities 74111Specialised design activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

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	962,3 k €	+29.0%	746 k €	-6.7%	799,9 k €	+10.5%	723,9 k €	+29.4%	559,3 k €	+28.7%	434,7 k €	+18.1%	368,1 k €	+54.5%	238,2 k €	-0.3%	238,9 k €	-6.8%	256,4 k €	-25.3%	343,2 k €	+70.4%	201,4 k €	-65.3%	579,8 k €	+75.6%	330,3 k €	+60.5%	205,8 k €	-7.4%	222,3 k €	+5.2%	211,3 k €	-27.8%	292,7 k €	+19.9%	244,1 k €	-40.6%	410,7 k €
EBITDA	804,2 k €	+35.6%	593,2 k €	-5.5%	627,7 k €	+16.1%	540,8 k €	+46.7%	368,6 k €	+40.2%	262,9 k €	+50.6%	174,5 k €	+55.7%	112,1 k €	+68.6%	66,5 k €	+70.7%	39 k €	-69.6%	128,3 k €	+373%	-46,9 k €	-114%	341,4 k €	+132%	147,5 k €	+68.9%	87,3 k €	-31.2%	127 k €	+45.1%	87,5 k €	-42.3%	151,5 k €	+55.2%	97,6 k €	-64.0%	271,4 k €
Operating result	695,1 k €	+36.1%	510,7 k €	-7.7%	553,4 k €	+18.1%	468,7 k €	+50.9%	310,7 k €	+58.9%	195,4 k €	+85.8%	105,2 k €	+73.8%	60,5 k €	+134%	25,8 k €	-46.3%	48,1 k €	-42.4%	83,6 k €	+235%	-61,8 k €	-179%	78,6 k €	-0.3%	78,9 k €	+17.9%	66,9 k €	-25.1%	89,3 k €	+42.7%	62,6 k €	-35.3%	96,7 k €	+31.9%	73,3 k €	-43.9%	130,7 k €
Net result	475,9 k €	+30.2%	365,7 k €	-2.1%	373,3 k €	+28.6%	290,4 k €	+54.5%	187,9 k €	+51.2%	124,2 k €	+105%	60,6 k €	+63.7%	37 k €	+998%	3,4 k €	-88.6%	29,4 k €	-37.4%	47 k €	+1099%	3,9 k €	-92.0%	49,1 k €	+42.3%	34,5 k €	+5.1%	32,8 k €	-36.0%	51,2 k €	+108%	24,7 k €	-43.5%	43,6 k €	+41.2%	30,9 k €	-53.5%	66,5 k €
Balance sheet
Equity	2,6 M €	+19.5%	2,1 M €	+18.2%	1,8 M €	+26.1%	1,4 M €	+25.4%	1,1 M €	+19.7%	954,4 k €	+15.0%	830,1 k €	+7.7%	770,6 k €	+5.0%	733,6 k €	+0.5%	730,2 k €	+4.2%	700,8 k €	+7.2%	653,8 k €	+0.6%	649,8 k €	+8.2%	600,8 k €	+6.1%	566,3 k €	+6.1%	533,5 k €	+7.1%	498,3 k €	+5.2%	473,6 k €	+10.1%	430,1 k €	+7.7%	399,2 k €
Total assets	3,1 M €	+14.7%	2,7 M €	-4.5%	2,8 M €	+24.6%	2,3 M €	+2.7%	2,2 M €	+15.7%	1,9 M €	+2.7%	1,9 M €	+2.3%	1,8 M €	+1.1%	1,8 M €	+4.7%	1,7 M €	+29.1%	1,3 M €	-3.6%	1,4 M €	+39.0%	1 M €	+2.8%	974,4 k €	+1.9%	956,6 k €	+11.1%	861,2 k €	+2.9%	837,2 k €	-4.1%	873,3 k €	-8.8%	957,3 k €	+7.8%	888,2 k €
Cash	884,4 k €	+174%	322,6 k €	-42.4%	559,8 k €	-22.5%	722,6 k €	-10.1%	803,6 k €	+78.0%	451,6 k €	+33.5%	338,2 k €	+40.5%	240,8 k €	+84.1%	130,8 k €	+34.7%	97 k €	-23.8%	127,3 k €	+181%	45,2 k €	+121%	20,5 k €	-49.9%	40,9 k €	+95.4%	20,9 k €	-66.2%	61,9 k €	+91.9%	32,3 k €	-25.8%	43,5 k €	-18.0%	53,1 k €	+14.3%	46,4 k €
Debts	571 k €	-2.4%	584,9 k €	-44.0%	1 M €	+22.0%	855,4 k €	-21.1%	1,1 M €	+11.8%	969,9 k €	-7.1%	1 M €	-1.7%	1,1 M €	-1.6%	1,1 M €	+10.5%	977,1 k €	+58.7%	615,6 k €	-13.7%	713,3 k €	+201%	237 k €	-12.6%	271,2 k €	-7.3%	292,7 k €	-2.9%	301,5 k €	-7.0%	324,1 k €	-15.9%	385,6 k €	-23.3%	502,8 k €	+10.6%	454,7 k €
Other
Workforce	2,0 ETP	+5.3%	1,9 ETP	-26.9%	2,6 ETP	-10.3%	2,9 ETP	-3.3%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+7.1%	2,8 ETP	-30.0%	4,0 ETP	+5.3%	3,8 ETP	+5.6%	3,6 ETP	+5.9%	3,4 ETP	0.0%	3,4 ETP	-2.9%	3,5 ETP	+29.6%	2,7 ETP	+8.0%	2,5 ETP	-3.8%	2,6 ETP	-16.1%	3,1 ETP	-13.9%	3,6 ETP	0.0%	3,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Johan Nolmans

Director

Active

Kris Croonen

Director

Active

Ended mandates

Johan Nolmans

Manager

Ended

Kris Croonen

Manager

Ended

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	01/07/2026	12/08/2025	31/07/2024	04/08/2023	20/07/2022	20/08/2021
General meeting	02/06/2026	02/06/2025	03/06/2024	02/06/2023	02/06/2022	02/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	01/07/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	12/08/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	04/08/2023	Dutch	PDF
Abridged model	31/12/2021	02/06/2022	20/07/2022	Dutch	PDF
Abridged model	31/12/2020	02/06/2021	20/08/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	25/08/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	01/08/2019	Dutch	PDF
Abridged model	31/12/2017	02/06/2018	20/07/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	27/09/2017	Dutch	PDF
Abridged model	31/12/2015	02/06/2016	05/07/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	22/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	10/07/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	13/07/2011	Dutch	PDF
Abridged model	31/12/2009	02/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	31/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	13/08/2008	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	07/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

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 · 2 active · 2 ended

Active mandates

Johan Nolmans

Director

Active

Kris Croonen

Director

Active

Ended mandates

Johan Nolmans

Manager

Ended

Kris Croonen

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring04/02/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring14/11/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates12/01/2021
BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates03/02/2005
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/09/2002
DEMISSIONS, NOMINATIONS - DENOMINATION - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025475,9 k €↑
2024
Annual accounts 2024365,7 k €↓
2023
Annual accounts 2023373,3 k €↑
2022
Annual accounts 2022290,4 k €↑
2021
Annual accounts 2021187,9 k €↑
2020
Annual accounts 2020124,2 k €↑
2019
Annual accounts 201960,6 k €↑
2018
Annual accounts 201837 k €↑
2017
Annual accounts 20173,4 k €↓
2016
Annual accounts 201629,4 k €↓
2015
Annual accounts 201547 k €↑
2014
Annual accounts 20143,9 k €↓
2013
Annual accounts 201349,1 k €↑
2012
Annual accounts 201234,5 k €↑
2011
Annual accounts 201132,8 k €↓
2010
Annual accounts 201051,2 k €↑
2009
Annual accounts 200924,7 k €↓
2008
Annual accounts 200843,6 k €↑
2007
Annual accounts 200730,9 k €↓
2006
Annual accounts 200666,5 k €
04/04/1997
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

NCLAW

Overview

What does NCLAW do?

Trend over 20 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