Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
84 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Niagara from Elsene, company number BE0400311773, closed financial year 2025 with a result of € -1,941 after tax. For that financial year Niagara recorded a gross margin of € -1,509 and equity of € -19,523. Compared with financial year 2024, the result moved from € -1,083 to € -1,941. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.
€ -19,523
▼ € 1,941 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,941
▼ 79 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2,744
▼ 39% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -763,204.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 14,864
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -852 | € -768 | € -659 | € -1,509 | ▼ € 850 |
| Profit after taxes | € -897 | € -1,166 | € -1,083 | € -1,941 | ▼ € 858 |
| Equity | € -15,333 | € -16,500 | € -17,582 | € -19,523 | ▼ € 1,941 |
| Total debts | € 32,803 | € 31,859 | € 37,453 | € 35,369 | ▼ 6% |
| Cash | € 1,718 | € 154 | € 4,484 | € 2,744 | ▼ 39% |
| Retained profit | € -759,014 | € -760,180 | € -761,263 | € -763,204 | |
| Balance sheet total | € 17,470 | € 15,360 | € 19,871 | € 15,845 | ▼ 20% |
Key figures of Niagara, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Niagara?
What happened at Niagara in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,941. filed late Source: NBB ↗
- New establishment in Sint-Pieters-Leeuw. KBO
- Start of the company according to the CBE. KBO
In short
From € 897 loss in 2022 to € 1,941 loss in 2025.
Management
Behind Niagara are Ruttachuck Rungsiwiwut, LOUIS VANDERMEERSCH and Xavier VANDERMEERSCH. LOUIS VANDERMEERSCH is also behind Vervan and CAVRAI.
Establishments
Establishment units
Physical locations of this company
Louizalaan 390 box 16
1050 Elsene
Paul Gilsonlaan 86
1601 Sint-Pieters-Leeuw
Active since 24 March 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 84 companies are registered at this address.
All companies at this address →BRUFLOR
€ 584 gross margin · 2025
BERNINFO
SILHOUETTE
€ 12,242 gross margin · 2025
I P A C
Société Fiduciaire du Benelux
€ 445,171 gross margin · 2025
+79 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.311.773
- VAT number
- BE 0400.311.773
- Registered office
- Louizalaan 390 bus 16, 1050 Elsene
- Names & denominations
- Niagara
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 19 Mar 2026
- Activities · NACE
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