ACTIVE

Nitec

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Financial year 2025 · closed on 31/12/2025
Net result
87 k €
-38.0% YoY
Gross margin
333,8 k €
-10.1% YoY
Equity
618,3 k €
+6.0% YoY
Workforce
2,0 ETP
0.0% YoY

What does Nitec do?

Nitec is a Private limited company incorporated in 2010. Its main activity is: Electrical installation. Its registered office is in Brugge. It employs on average 2,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0827.520.757
Incorporation
29/06/2010
Legal form
Private limited company
Registered office
Laconiastraat 1A box 3
8000 Brugge · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
2,0 ETP
Activities (NACE)
43212Electrical installation· main43212Electrical installation43222Plumbing, heat and air-conditioning installation43222Plumbing, heat and air-conditioning installation43221Plumbing, heat and air-conditioning installation43221Plumbing, heat and air-conditioning installation+2
Joint committees (2)
  • 124
  • 14901
Signals
ProfitableSolid 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 15 financial years

202520242023202220212020201920182017201620152014201320122011
Income statement
Gross margin333,8 k €371,3 k €387,5 k €312,7 k €352,1 k €196,8 k €182,2 k €149,9 k €156,7 k €186,3 k €230,7 k €154,4 k €71,6 k €128,3 k €108,7 k €
EBITDA182,7 k €254,6 k €211,4 k €145,7 k €191,5 k €66,6 k €109 k €96,5 k €101,2 k €138,5 k €185,8 k €109,4 k €65,6 k €127,5 k €81,2 k €
Operating result126,5 k €209 k €187,7 k €124,8 k €173,7 k €35,1 k €77,7 k €63,4 k €64,2 k €97,5 k €145,4 k €78 k €39,2 k €97,8 k €57,8 k €
Net result87 k €140,4 k €126 k €89,3 k €118,6 k €21,5 k €52 k €40,7 k €35,3 k €53,7 k €67,4 k €48,8 k €26,6 k €65,4 k €40 k €
Balance sheet
Equity618,3 k €583,4 k €483,6 k €392,3 k €463,1 k €449,7 k €428,3 k €377 k €337,2 k €302,5 k €248,8 k €181,4 k €132,6 k €106 k €40,5 k €
Total assets960 k €876,1 k €826 k €698,1 k €753,5 k €874,2 k €868 k €817,2 k €774,4 k €780,3 k €782,6 k €479,7 k €465,4 k €481,3 k €183,2 k €
Cash323,1 k €295,9 k €296,2 k €281,9 k €192,8 k €218,5 k €258,1 k €203,4 k €170,3 k €137,1 k €195,3 k €138,2 k €175,8 k €196,7 k €94,2 k €
Debts316 k €267,1 k €316,6 k €280,1 k €264,7 k €398,8 k €414,1 k €388,9 k €411,5 k €452,1 k €508,2 k €272,6 k €305,7 k €348 k €117 k €
Other
Workforce2,0 ETP2,0 ETP2,7 ETP3,0 ETP–––––1,0 ETP1,0 ETP1,0 ETP0,2 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 31/12/2024 · 1 active · 1 ended

Active mandates

NICK SCHOOLMEESTER

Director

Active

Ended mandates

Nick Schoolmeester

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro 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 date30/07/202627/09/202507/10/202430/06/202329/07/202209/08/2021
General meeting06/06/202607/06/202501/06/202403/06/202304/06/202205/06/2021
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

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202506/06/202630/07/2026DutchPDF
Abridged model31/12/202407/06/202527/09/2025DutchPDF
Abridged model31/12/202301/06/202407/10/2024DutchPDF
Abridged model31/12/202203/06/202330/06/2023DutchPDF
Micro model31/12/202104/06/202229/07/2022DutchPDF
Micro model31/12/202005/06/202109/08/2021DutchPDF
Micro model31/12/201906/06/202010/08/2020DutchPDF
Micro model31/12/201801/06/201925/06/2019DutchPDF
Micro model31/12/201702/06/201816/08/2018DutchPDF
Abridged model31/12/201603/06/201709/08/2017DutchPDF
Abridged model31/12/201525/06/201611/08/2016DutchPDF
Abridged model31/12/201427/06/201517/08/2015DutchPDF
Abridged model31/12/201328/06/201419/08/2014DutchPDF
Abridged model31/12/201201/06/201316/07/2013DutchPDF
Abridged model31/12/201130/06/201205/07/2012DutchPDF
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 31/12/2024 · 1 active · 1 ended

Active mandates

NICK SCHOOLMEESTER

Director

Active

Ended mandates

Nick Schoolmeester

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates12/01/2022
    WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office08/10/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates15/02/2012
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Other14/07/2010
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202587 k €↓
  2. 2024
    Annual accounts 2024140,4 k €↑
  3. 2023
    Annual accounts 2023126 k €↑
  4. 2022
    Annual accounts 202289,3 k €↓
  5. 2021
    Annual accounts 2021118,6 k €↑
  6. 2020
    Annual accounts 202021,5 k €↓
  7. 2019
    Annual accounts 201952 k €↑
  8. 2018
    Annual accounts 201840,7 k €↑
  9. 2017
    Annual accounts 201735,3 k €↓
  10. 2016
    Annual accounts 201653,7 k €↓
  11. 2015
    Annual accounts 201567,4 k €↑
  12. 2014
    Annual accounts 201448,8 k €↑
  13. 2013
    Annual accounts 201326,6 k €↓
  14. 2012
    Annual accounts 201265,4 k €↑
  15. 2011
    Annual accounts 201140 k €
  16. 29/06/2010
    IncorporationPrivate limited company