ACTIVE

NITHACO

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Financial year 2025 · closed on 31/12/2025
Net result
-143,5 k €
+21.9% YoY
Gross margin
323,6 k €
+160.7% YoY
Equity
9,5 M €
-1.5% YoY
Workforce
1,2 ETP

What does NITHACO do?

NITHACO is a Public limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Antwerpen. It employs on average 1,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0478.804.965
Incorporation
18/11/2002
Legal form
Public limited company
Registered office
Rijnkaai 22
2000 Antwerpen · FlandreSee on map
Contributed capital
2 750 000,00 €
Latest accounts
31/12/2025
Average workforce
1,2 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities
Joint committees (3)
  • 100
  • 200
  • 218
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin323,6 k €124,1 k €1,4 M €19 k €305,3 k €-35,4 k €-59,7 k €116,2 k €7,1 M €118,5 k €132,4 k €89,5 k €156,4 k €107,9 k €154 k €224,5 k €254,7 k €207,4 k €157,2 k €108,9 k €
EBITDA178,4 k €-21,9 k €1,2 M €-122,5 k €200,1 k €-116,6 k €-164,5 k €9 k €7 M €79,1 k €91,1 k €48,5 k €117,4 k €77,2 k €129,3 k €201 k €228,5 k €188,9 k €138,6 k €107,9 k €
Operating result-139,3 k €-173,3 k €886,5 k €-731,3 k €-157,3 k €-302,1 k €-351,8 k €-176,9 k €6,8 M €62,5 k €84,3 k €2,7 k €71,9 k €32,9 k €85,1 k €155,3 k €221,5 k €168 k €122,2 k €86 k €
Net result-143,5 k €-183,8 k €842,3 k €-652,1 k €-136,8 k €-117,3 k €-325,9 k €-214,4 k €6,5 M €24,4 k €31,7 k €-20,9 k €19,5 k €-30,5 k €47,5 k €95,2 k €166,2 k €79,8 k €3 M €597,5 k €
Balance sheet
Equity9,5 M €9,7 M €11,8 M €11 M €11,7 M €12,8 M €12,9 M €13,2 M €13,4 M €6,9 M €6,9 M €6,9 M €6,9 M €6,9 M €6,9 M €9,3 M €9,2 M €11,7 M €11,6 M €8,7 M €
Total assets11,7 M €14 M €16,1 M €15,7 M €17,1 M €13,8 M €14,1 M €13,9 M €14,1 M €9,1 M €9,1 M €9,1 M €9,2 M €9,1 M €9,2 M €9,4 M €9,3 M €11,7 M €13,5 M €11,5 M €
Cash429,6 k €644,5 k €802,5 k €692,6 k €2 M €4,6 M €4,8 M €5,6 M €5,9 M €180,1 k €174,5 k €164,9 k €149,7 k €98,3 k €146,2 k €357 k €396 k €2,3 M €153,3 k €596,2 k €
Debts2,2 M €4,3 M €4,3 M €4,7 M €5,4 M €1 M €1,2 M €665,9 k €704 k €2,2 M €2,2 M €2,3 M €2,3 M €2,3 M €2,3 M €73,1 k €69,6 k €31,4 k €1,9 M €2,8 M €
Other
Workforce1,2 ETP––1,8 ETP1,8 ETP1,8 ETP1,8 ETP2,1 ETP1,2 ETP0,8 ETP0,9 ETP0,9 ETP0,4 ETP0,4 ETP0,4 ETP0,4 ETP0,4 ETP0,4 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 12 ended

Active mandates

Nathalie De Keijser

Director · since 19 décembre 2011

Active
Nicolas De Keijser

Director · since 19 décembre 2011

Active
Benoit De Keijser

Director · since 01 juillet 2011

Active
Michèle Marevoet

Director · since 15 octobre 2009

Active

Ended mandates

Benoît DE KEIJSER

Managing director · since 09 juin 2017

Ended
Michele MAREVOET

Managing director · since 09 juin 2017

Ended
Nathalie DE KEIJSER

Director · since 09 juin 2017

Ended
Nicolas DE KEIJSER

Director · since 09 juin 2017

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/07/202607/07/202530/07/202425/07/202329/07/202230/07/2021
General meeting24/06/202613/06/202528/06/202430/06/202310/06/202211/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202524/06/202602/07/2026DutchPDF
Abridged model31/12/202413/06/202507/07/2025DutchPDF
Micro model31/12/202328/06/202430/07/2024DutchPDF
Abridged model31/12/202230/06/202325/07/2023DutchPDF
Abridged model31/12/202110/06/202229/07/2022DutchPDF
Abridged model31/12/202011/06/202130/07/2021DutchPDF
Abridged model31/12/201912/06/202029/07/2020DutchPDF
Abridged model31/12/201814/06/201925/07/2019DutchPDF
Abridged model31/12/201708/06/201826/07/2018DutchPDF
Abridged model31/12/201609/06/201727/07/2017DutchPDF
Abridged model31/12/201510/06/201628/07/2016DutchPDF
Abridged model31/12/201412/06/201527/07/2015DutchPDF
Abridged model31/12/201313/06/201405/08/2014DutchPDF
Abridged model31/12/201214/06/201320/08/2013DutchPDF
Abridged model31/12/201108/06/201231/07/2012DutchPDF
Abridged model31/12/201010/06/201123/08/2011DutchPDF
Abridged model31/12/200911/06/201016/08/2010DutchPDF
Abridged model31/12/200812/06/200913/08/2009DutchPDF
Abridged model31/12/200713/06/200819/08/2008DutchPDF
Abridged model31/12/200608/06/200720/08/2007DutchPDF
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.

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 · 4 active · 12 ended

Active mandates

Nathalie De Keijser

Director · since 19 décembre 2011

Active
Nicolas De Keijser

Director · since 19 décembre 2011

Active
Benoit De Keijser

Director · since 01 juillet 2011

Active
Michèle Marevoet

Director · since 15 octobre 2009

Active

Ended mandates

Benoît DE KEIJSER

Managing director · since 09 juin 2017

Ended
Michele MAREVOET

Managing director · since 09 juin 2017

Ended
Nathalie DE KEIJSER

Director · since 09 juin 2017

Ended
Nicolas DE KEIJSER

Director · since 09 juin 2017

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates07/11/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring09/08/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - ONTSLAGEN - BENOEMINGEN - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL
    PDF
  • Restructuring15/04/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates06/11/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring01/08/2017
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring19/05/2017
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates16/01/2012
    DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares04/04/2011
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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

Timeline

  1. 2025
    Annual accounts 2025-143,5 k €↑
  2. 2024
    Annual accounts 2024-183,8 k €↓
  3. 2023
    Annual accounts 2023842,3 k €↑
  4. 2022
    Annual accounts 2022-652,1 k €↓
  5. 2021
    Annual accounts 2021-136,8 k €↓
  6. 2020
    Annual accounts 2020-117,3 k €↑
  7. 2019
    Annual accounts 2019-325,9 k €↓
  8. 2018
    Annual accounts 2018-214,4 k €↓
  9. 2017
    Annual accounts 20176,5 M €↑
  10. 2016
    Annual accounts 201624,4 k €↓
  11. 2015
    Annual accounts 201531,7 k €↑
  12. 2014
    Annual accounts 2014-20,9 k €↓
  13. 2013
    Annual accounts 201319,5 k €↑
  14. 2012
    Annual accounts 2012-30,5 k €↓
  15. 2011
    Annual accounts 201147,5 k €↓
  16. 2010
    Annual accounts 201095,2 k €↓
  17. 2009
    Annual accounts 2009166,2 k €↑
  18. 2008
    Annual accounts 200879,8 k €↓
  19. 2007
    Annual accounts 20073 M €↑
  20. 2006
    Annual accounts 2006597,5 k €
  21. 18/11/2002
    IncorporationPublic limited company