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 3.2 to 2.6.
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Busy address KBO
40 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ETABLISSEMENTS NICOLAY from Mont-Saint-Guibert, company number BE0433064517, closed financial year 2025 with a result of € 185,524 after tax. For that financial year ETABLISSEMENTS NICOLAY recorded a gross margin of € 487,079 and equity of € 802,568. Compared with financial year 2024, the result moved from € 248,043 to € 185,524. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 6, 2026.
€ 802,568
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 185,524
▼ 25% vs 2024
Profit after tax over the fiscal year.
€ 193,484
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 185,000 paid out
100 % of the profit went to the shareholders, mostly to GéNIvent (100 % of the shares). That is where the money ends up.
People and assets in 2025
2.6
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 157,512
▼ 9% vs 2024
€ 60,600 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.
€ 66,562
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 326,427
▼ 20% vs 2024
€ 130,187 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 404,334
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 70,309
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 537,145 | € 530,453 | € 547,951 | € 487,079 | ▼ 11% |
| Profit after taxes | € 220,329 | € 189,810 | € 248,043 | € 185,524 | ▼ 25% |
| Equity | € 604,191 | € 794,001 | € 802,044 | € 802,568 | |
| Total debts | € 1,325,388 | € 939,667 | € 1,222,925 | € 1,003,229 | ▼ 18% |
| Cash | € 209,625 | € 192,184 | € 229,673 | € 193,484 | ▼ 16% |
| Retained profit | € 514,949 | € 704,759 | € 712,802 | € 713,327 | |
| Dividend | € 220,000 | € 0 | € 240,000 | € 185,000 | ▼ 23% |
| Bank debt | € 314,745 | € 257,210 | € 407,010 | € 326,427 | ▼ 20% |
| Balance sheet total | € 1,929,578 | € 1,733,668 | € 2,024,969 | € 1,805,797 | ▼ 11% |
| Employees (FTE) | 3 | 3.2 | 3.1 | 2.6 | ▼ 0.5 |
Key figures of ETABLISSEMENTS NICOLAY, 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 ETABLISSEMENTS NICOLAY?
What happened at ETABLISSEMENTS NICOLAY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 185,524 (▼ 25% vs 2024). filed late Source: NBB ↗
- Guillaume FRANCOIS became a director. NBB
- Ivan HANSSENS became a director. NBB
- Nicolas HANSSENS became a director. NBB
- New establishment in Mont-Saint-Guibert. KBO
- Start of the company according to the CBE. KBO
In short
From € 220,329 profit in 2022 to € 185,524 profit in 2025.
Paid € 347,428 in corporate taxes since 2022.
Best year ever: 2024, with € 248,043 profit.
On average € 187,300 of value added per employee in 2025.
Management
The stake of GéNIvent comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ETABLISSEMENTS NICOLAYBehind ETABLISSEMENTS NICOLAY are Guillaume FRANCOIS, Ivan HANSSENS and Nicolas HANSSENS. The shares are held by GéNIvent (100%).
Directors
According to the 2025 annual accounts
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Sablières 45 box unité 75
1435 Mont-Saint-Guibert
Rue des Sablières 45 box Unité 75
1435 Mont-Saint-Guibert
Active since 24 December 2002
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 40 companies are registered at this address.
All companies at this address →PUGH & CO INTERNATIONAL
€ 1.4 million gross margin · 2025
Produits Habi
€ 8.7 million revenue · 2026
TRANNEX
€ 1.4 million gross margin · 2025
ALPHASTYLE
€ 113,736 gross margin · 2025
EYE-LITE BELGIUM
€ 187,767 gross margin · 2025
+35 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
- 0433.064.517
- VAT number
- BE 0433.064.517
- Registered office
- Rue des Sablières 45 bus unité 75, 1435 Mont-Saint-Guibert
- Names & denominations
- ETABLISSEMENTS NICOLAY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 January 1988
- Peppol
- Active · Active since 28 Nov 2025
- Activities · NACE
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