Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 444.6 to 375.
Financials
Financial year 2025
Niko from Sint-Niklaas, company number BE0405045670, closed financial year 2025 with a result of € 25.5 million after tax. For that financial year Niko recorded revenue of € 142.5 million and equity of € 85.4 million. Compared with financial year 2024, the result moved from € 15.6 million to € 25.5 million. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ 85.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 25.5 million
▲ 63% vs 2024
Profit after tax over the fiscal year.
€ 223,930
▼ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 25.5 million paid out
100 % of the profit went to the shareholders, mostly to Andhers NV (100 % of the shares). That is where the money ends up.
People and assets in 2025
375
▼ 34.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 34.7 million
▼ 10% vs 2024
€ 92,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.3 million
▲ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 13.2 million
▼ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 68 days on average.
€ 7.3 million
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 159,204,234 | € 153,795,509 | € 139,258,816 | € 142,541,300 | ▲ 2% |
| Profit after taxes | € 37,196,799 | € 28,499,057 | € 15,646,806 | € 25,507,762 | ▲ 63% |
| Equity | € 94,175,868 | € 95,520,643 | € 85,490,196 | € 85,447,674 | |
| Total debts | € 45,756,211 | € 47,759,811 | € 59,507,411 | € 46,584,767 | ▼ 22% |
| Cash | € 2,354,315 | € 834,165 | € 270,878 | € 223,930 | ▼ 17% |
| Land & buildings | € 5,899,039 | € 6,134,166 | € 5,659,985 | € 5,003,662 | ▼ 12% |
| Retained profit | € 83,414,609 | € 83,413,654 | € 73,414,806 | € 73,414,912 | |
| Dividend | € 24,002,400 | € 28,500,012 | € 25,645,653 | € 25,507,656 | ▼ 1% |
| Bank debt | € 1,275,540 | € 165,697 | € 0 | € 0 | |
| Balance sheet total | € 145,592,801 | € 149,097,103 | € 151,345,047 | € 138,675,016 | ▼ 8% |
| Employees (FTE) | 457.7 | 444.6 | 409.8 | 375 | ▼ 34.8 |
Key figures of Niko, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Niko?
What happened at Niko in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Emmanuel Damman stepped down as director. NBB
- Jozef DE BACKER stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 25.5 million (▲ 63% vs 2024). Source: NBB ↗
- Emmanuel Damman became a director. NBB
- Jozef DE BACKER became a director. NBB
- New establishment in Antwerpen. KBO
- New establishment in Namur. KBO
- Start of the company according to the CBE. KBO
In short
From € 37.2 million profit in 2022 to € 25.5 million profit in 2025.
Paid € 27.9 million in corporate taxes since 2022.
Best year ever: 2022, with € 37.2 million profit.
Paid out € 103.7 million in dividends to the owners in total.
Management
The shares are held by Andhers NV (100%). It owns 100% of Niko Nederland BV, 100% of Niko France SARL and 100% of Wygwam Asia Pacific Pte Ltd itself.
Directors
According to the 2025 annual accounts
Emmanuel Damman
Director
Also active at: MEZZANINE PARTNERS MANAGEMENT 2, MEZZANINE PARTNERS 2, ACONTERRA FUND, ELESSAN
since 2026 · until 2030
Jozef DE BACKER
Managing director, Chairman of the board
Also active at: VIDAL, ANDHERS, Niko Belgium, SNOFLA, ACONTERRA FUND, ELESSAN, WYGWAM INTERNATIONAL
since 2024 · until 2030
Shareholders
100%
Participations
Niko Nederland BV
100%
Niko France SARL
100%
Wygwam Asia Pacific Pte Ltd
100%
Establishments
Establishment units
Physical locations of this company
Industriepark-West 40
9100 Sint-Niklaas
Chaussée de Marche(EP) 598 box 23
5101 Namur
Active since 13 December 2022
Desguinlei 100 box 7
2018 Antwerpen
Active since 1 September 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.045.670
- VAT number
- BE 0405.045.670
- Registered office
- Industriepark-West 40, 9100 Sint-Niklaas
- Names & denominations
- Niko
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 July 1942
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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