ACTIVE

NICRIMMO

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-65,5 k €

+50.2% YoY

Gross margin

45 k €

-18.5% YoY

Equity

850,4 k €

-7.1% YoY

What does NICRIMMO do?

NICRIMMO is a Public limited company incorporated in 1999. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0469.008.262

Incorporation

30/12/1999

Legal form

Public limited company

Registered office

Avenue Géo Bernier 4
1050 Ixelles · BruxellesSee on map

Contributed capital

727 567,50 €

Latest accounts

31/12/2025

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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		2009		2008
Income statement
Gross margin	45 k €	-18.5%	55,2 k €	-30.8%	79,8 k €	-22.4%	102,8 k €	-15.9%	122,4 k €	-12.9%	140,4 k €	-18.2%	171,7 k €	+8.3%	158,5 k €	+0.1%	158,3 k €	+7.3%	147,6 k €	-5.5%	156,1 k €	+2.5%	152,4 k €	+15.7%	131,7 k €	-7.5%	142,3 k €	-0.1%	142,5 k €	-3.5%	147,7 k €	+2.4%	144,2 k €	+13.4%	127,1 k €
EBITDA	11,1 k €	+121%	-53,3 k €	-213%	47,1 k €	-38.9%	77,1 k €	-20.6%	97,1 k €	-15.8%	115,4 k €	-22.0%	147,9 k €	+9.2%	135,5 k €	+8.4%	125,1 k €	+0.2%	124,8 k €	-7.8%	135,5 k €	+2.8%	131,7 k €	+17.7%	111,9 k €	-8.5%	122,2 k €	-1.0%	123,4 k €	-2.7%	126,9 k €	+1.8%	124,7 k €	+14.8%	108,6 k €
Operating result	-65,5 k €	+50.1%	-131,2 k €	-274%	-35,1 k €	-1809%	2,1 k €	-92.4%	27 k €	-51.8%	56,1 k €	-33.1%	83,8 k €	+31.8%	63,6 k €	+23.4%	51,5 k €	+1.3%	50,9 k €	-12.0%	57,8 k €	+12.7%	51,3 k €	+52.8%	33,6 k €	-15.7%	39,9 k €	-5.2%	42 k €	-8.6%	45,9 k €	-8.9%	50,5 k €	+24.9%	40,4 k €
Net result	-65,5 k €	+50.2%	-131,4 k €	-271%	-35,4 k €	-5468%	660 €	-96.7%	20 k €	-54.7%	44,2 k €	-16.7%	53 k €	+41.8%	37,4 k €	+4.2%	35,9 k €	+1.3%	35,4 k €	-9.1%	39 k €	+29.7%	30 k €	+380%	6,3 k €	-52.2%	13,1 k €	-22.4%	16,9 k €	+16.7%	14,5 k €	-15.7%	17,1 k €	+345%	3,9 k €
Balance sheet
Equity	850,4 k €	-7.1%	915,9 k €	-12.5%	1 M €	-3.3%	1,1 M €	+0.1%	1,1 M €	+1.9%	1,1 M €	+4.3%	1 M €	+5.5%	964,9 k €	+4.0%	927,5 k €	+4.0%	891,6 k €	+4.1%	856,2 k €	+4.8%	817,2 k €	+3.8%	787,2 k €	+0.8%	780,9 k €	+1.7%	767,8 k €	+2.2%	751 k €	+2.0%	736,5 k €	+2.4%	719,4 k €
Total assets	870,7 k €	-7.5%	941,8 k €	-13.4%	1,1 M €	-2.8%	1,1 M €	+0.4%	1,1 M €	-1.1%	1,1 M €	+3.8%	1,1 M €	-0.8%	1,1 M €	-0.7%	1,1 M €	-1.5%	1,1 M €	-1.7%	1,1 M €	-1.5%	1,2 M €	-1.8%	1,2 M €	-3.3%	1,2 M €	-1.9%	1,2 M €	-2.1%	1,3 M €	-2.7%	1,3 M €	-1.8%	1,3 M €
Cash	242,9 k €	-12.4%	277,3 k €	-4.4%	290,1 k €	-3.6%	301 k €	-0.8%	303,5 k €	-21.9%	388,4 k €	+13.6%	341,9 k €	+13.3%	301,9 k €	+22.6%	246,3 k €	+28.7%	191,4 k €	+6.2%	180,3 k €	+16.5%	154,8 k €	+59.9%	96,8 k €	+47.3%	65,7 k €	-22.8%	85,1 k €	+25.7%	67,7 k €	+26.7%	53,4 k €	-6.5%	57,1 k €
Debts	19,1 k €	-23.9%	25,1 k €	-35.0%	38,6 k €	+17.9%	32,8 k €	+5.0%	31,2 k €	-51.2%	63,9 k €	-4.6%	67,1 k €	-47.9%	128,8 k €	-25.7%	173,4 k €	-23.3%	226 k €	-19.5%	280,8 k €	-16.8%	337,5 k €	-13.1%	388,2 k €	-10.7%	434,7 k €	-7.8%	471,5 k €	-8.4%	515 k €	-8.8%	564,5 k €	-6.7%	604,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

Christel PAGNOUL

Managing director

Active

Ended mandates

Nicolas PAGNOUL

Director · since 14 avril 2014 · until 15 septembre 2014

Ended

Nicolas PAGNOUL

Director · since 14 avril 2014

Ended

Christel PAGNOUL

Director · since 29 octobre 2004

Ended

Christel PAGNOUL

Director

Ended

At this address

Other companies at this address

Company	CBE no.
THOR et Cie● Active	0462.040.791

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	26/06/2025	12/07/2024	24/07/2023	26/08/2022	23/07/2021
General meeting	16/06/2026	17/06/2025	29/06/2024	30/06/2023	30/06/2022	23/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/06/2026	01/07/2026	French	PDF
Abridged model	31/12/2024	17/06/2025	26/06/2025	French	PDF
Abridged model	31/12/2023	29/06/2024	12/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	24/07/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	26/08/2022	French	PDF
Abridged model	31/12/2020	23/06/2021	23/07/2021	French	PDF
Abridged model	31/12/2019	18/06/2020	23/07/2020	French	PDF
Abridged model	31/12/2018	12/06/2019	30/07/2019	French	PDF
Abridged model	31/12/2017	14/06/2018	19/07/2018	French	PDF
Abridged model	31/12/2016	13/06/2017	28/07/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	29/07/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	24/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	11/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	22/08/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	31/07/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	24/08/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	27/08/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	30/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 7 ended

Active mandates

Christel PAGNOUL

Managing director

Active

Ended mandates

Nicolas PAGNOUL

Director · since 14 avril 2014 · until 15 septembre 2014

Ended

Nicolas PAGNOUL

Director · since 14 avril 2014

Ended

Christel PAGNOUL

Director · since 29 octobre 2004

Ended

Christel PAGNOUL

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/09/2025
DEMISSIONS, NOMINATIONS
PDF
Other01/07/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE
PDF
Mandates17/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates04/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates28/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates31/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates14/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates24/08/2020
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 2025-65,5 k €↑
2024
Annual accounts 2024-131,4 k €↓
2023
Annual accounts 2023-35,4 k €↓
2022
Annual accounts 2022660 €↓
2021
Annual accounts 202120 k €↓
2020
Annual accounts 202044,2 k €↓
2019
Annual accounts 201953 k €↑
2018
Annual accounts 201837,4 k €↑
2017
Annual accounts 201735,9 k €↑
2016
Annual accounts 201635,4 k €↓
2015
Annual accounts 201539 k €↑
2014
Annual accounts 201430 k €↑
2013
Annual accounts 20136,3 k €↓
2012
Annual accounts 201213,1 k €↓
2011
Annual accounts 201116,9 k €↑
2010
Annual accounts 201014,5 k €↓
2009
Annual accounts 200917,1 k €↑
2008
Annual accounts 20083,9 k €
30/12/1999
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

NICRIMMO

Overview

What does NICRIMMO do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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