NIALCO is a wholesaler in Wavre. Public Limited, started on 12 September 1989, 1 establishment.

What is the address of NIALCO?

The registered office of NIALCO is located at Avenue Nobel 6, 1300 Wavre.

Is NIALCO still active?

Yes. According to the CBE (31 October 2026) NIALCO is active, legal situation “Normale toestand”, started on 12 September 1989.

Is NIALCO registered on Peppol?

Yes, NIALCO is registered on the Peppol network with ID 0208:0438388431.

What is the enterprise number of NIALCO?

The enterprise number of NIALCO is BE0438388431.

When was NIALCO founded?

NIALCO was founded on 12 September 1989.

Who are the directors of NIALCO?

According to the 2025 annual accounts, the directors of NIALCO are: Paulo-Manuel ANTUNES, ALZYS GLOBAL PTE LTD.

Is NIALCO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 12 September 1989; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did NIALCO make in 2025?

NIALCO recorded a loss after taxes of € 158,936 in financial year 2025.

What is the revenue of NIALCO?

As a small company, NIALCO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 188,577.

How much does an employee at NIALCO earn?

The average wage cost per full-time employee at NIALCO was € 127,000 in 2025: staff costs of € 126,992 for 1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does NIALCO have?

According to the 2025 annual accounts, NIALCO has 1 full-time equivalents (FTE).

NIALCO (Public Limited) - Wavre - BE0438388431

Dossier NIALCO, printed on 31 October 2026 from databakkes.be/en/0438388431/nialco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 61 % of short-term debt in 2025; threshold 65 %.
Shrinking team NBB

FTE fell two years in a row, from 2 to 1.

Financials

Financial year 2025

NIALCO from Wavre, company number BE0438388431, closed financial year 2025 with a result of € -158,936 after tax. For that financial year NIALCO recorded a gross margin of € 188,577 and equity of € 80,108. Compared with financial year 2024, the result moved from € -345,607 to € -158,936. The company made a loss. The buffer shrank hard: equity is 66 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 21, 2026.

What it is worth Shrank hard

€ 80,108

▼ 66% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -158,936

▲ 54 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 15,451

▼ 87% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -43,838.

People and assets in 2025

Full-time equivalents

▼ 0.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 126,992

▼ 19% vs 2024

€ 127,000 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.

Debts at end 2025

Bank debt ≈ 6 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 833,907

▼ 46% vs 2024

€ 140,700 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 490,887

▼ 55% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 73,436

▲ 2% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 224,034 Gross margin 2022: € 224,034 First fiscal year in the series	€ 570,237 Gross margin 2023: € 570,237 ▲ 155% vs 2022 (€ 224,034) Favourable step	€ 457,334 Gross margin 2024: € 457,334 ▼ 20% vs 2023 (€ 570,237) Unfavourable step	€ 188,577 Gross margin 2025: € 188,577 ▼ 59% vs 2024 (€ 457,334) Unfavourable step	▼ 59%
Profit after taxes	€ 3,717 Profit after taxes 2022: € 3,717 First fiscal year in the series	€ 131,394 Profit after taxes 2023: € 131,394 ▲ € 127,677 vs 2022 (€ 3,717) Favourable step	€ -345,607 Profit after taxes 2024: € -345,607 ▼ € 477,001 vs 2023 (€ 131,394) Unfavourable step	€ -158,936 Profit after taxes 2025: € -158,936 ▲ € 186,672 vs 2024 (€ -345,607) Favourable step	▲ € 186,672
Equity	€ 429,905 Equity 2022: € 429,905 First fiscal year in the series	€ 561,299 Equity 2023: € 561,299 ▲ 31% vs 2022 (€ 429,905) Favourable step	€ 239,044 Equity 2024: € 239,044 ▼ 57% vs 2023 (€ 561,299) Unfavourable step	€ 80,108 Equity 2025: € 80,108 ▼ 66% vs 2024 (€ 239,044) Unfavourable step	▼ 66%
Total debts	€ 1,683,710 Total debts 2022: € 1,683,710 First fiscal year in the series	€ 2,615,627 Total debts 2023: € 2,615,627 ▲ 55% vs 2022 (€ 1,683,710) Unfavourable step	€ 3,778,009 Total debts 2024: € 3,778,009 ▲ 44% vs 2023 (€ 2,615,627) Unfavourable step	€ 2,509,443 Total debts 2025: € 2,509,443 ▼ 34% vs 2024 (€ 3,778,009) Favourable step	▼ 34%
Cash	€ 83,423 Cash 2022: € 83,423 First fiscal year in the series	€ 224,140 Cash 2023: € 224,140 ▲ 169% vs 2022 (€ 83,423) Favourable step	€ 118,849 Cash 2024: € 118,849 ▼ 47% vs 2023 (€ 224,140) Unfavourable step	€ 15,451 Cash 2025: € 15,451 ▼ 87% vs 2024 (€ 118,849) Unfavourable step	▼ 87%
Land & buildings	€ 254,546 Land & buildings 2022: € 254,546 First fiscal year in the series	-	-	-
Retained profit	€ 305,959 Retained profit 2022: € 305,959 First fiscal year in the series	€ 437,353 Retained profit 2023: € 437,353 ▲ 43% vs 2022 (€ 305,959) Favourable step	€ 115,097 Retained profit 2024: € 115,097 ▼ 74% vs 2023 (€ 437,353) Unfavourable step	€ -43,838 Retained profit 2025: € -43,838 ▼ € 158,936 vs 2024 (€ 115,097) Unfavourable step	▼ € 158,936
Bank debt	€ 440,396 Bank debt 2022: € 440,396 First fiscal year in the series	€ 836,745 Bank debt 2023: € 836,745 ▲ 90% vs 2022 (€ 440,396) Unfavourable step	€ 1,549,272 Bank debt 2024: € 1,549,272 ▲ 85% vs 2023 (€ 836,745) Unfavourable step	€ 833,907 Bank debt 2025: € 833,907 ▼ 46% vs 2024 (€ 1,549,272) Favourable step	▼ 46%
Balance sheet total	€ 2,113,615 Balance sheet total 2022: € 2,113,615 First fiscal year in the series	€ 3,176,926 Balance sheet total 2023: € 3,176,926 ▲ 50% vs 2022 (€ 2,113,615) Unchanged	€ 4,017,054 Balance sheet total 2024: € 4,017,054 ▲ 26% vs 2023 (€ 3,176,926) Unchanged	€ 2,589,551 Balance sheet total 2025: € 2,589,551 ▼ 36% vs 2024 (€ 4,017,054) Unchanged	▼ 36%
Employees (FTE)	2 Employees (FTE) 2022: 2 First fiscal year in the series	2 Employees (FTE) 2023: 2 Unchanged (2) Unchanged	1.2 Employees (FTE) 2024: 1.2 ▼ 0.8 vs 2023 (2) Unchanged	1 Employees (FTE) 2025: 1 ▼ 0.2 vs 2024 (1.2) Unchanged	▼ 0.2

Key figures of NIALCO, 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 NIALCO?

What happened at NIALCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Paulo-Manuel ANTUNES stepped down as director. NBB
2031 ALZYS GLOBAL PTE LTD stepped down as director. NBB
Oct 21, 2026 New annual accounts for financial year 2025: loss of € 158,936. filed late Source: NBB ↗
Feb 10, 2003 New establishment in Chaumont-Gistoux. KBO
Sep 12, 1989 Start of the company according to the CBE. KBO

In short

From € 3,717 profit in 2022 to € 158,936 loss in 2025.

Paid € 103,917 in corporate taxes since 2022.

Best year ever: 2023, with € 131,394 profit.

On average € 188,600 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

NIALCO

AML GROUPE 100%

It owns 100% of AML GROUPE itself.

Directors

According to the 2025 annual accounts

Paulo-Manuel ANTUNES

Director

Also active at: EMART

· until 2031

ALZYS GLOBAL PTE LTD

Director · represented by Prabhu SATHYAMOORTHY

· until 2031

Establishments

Establishment units

Physical locations of this company

Registered office

Avenue Nobel 6

1300 Wavre

2.121.508.576

Vallon du Pachis, Dion-V. 8

1325 Chaumont-Gistoux

Active since 10 February 2003

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 →

AML Groupe same network

€ 2.2 million revenue · 2025

RM ENGINEERING

€ 75,296 gross margin · 2024

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0438.388.431

VAT number

BE 0438.388.431

Registered office

Avenue Nobel 6, 1300 Wavre

Names & denominations

NIALCO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

12 September 1989

Peppol

Active · Active since 21 Oct 2026

Activities · NACE

Groothandel in metalen en metaalertsen

Groothandel in bouwmaterialen, algemeen assortiment

Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair

View on CBE Public ↗ Annual accounts (NBB) ↗

NIALCO

Warning lights

Financials

What happened to NIALCO?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions