Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GROUP NIVELLES from Gingelom, company number BE0451958533, closed financial year 2025 with a result of € -391,892 after tax. For that financial year GROUP NIVELLES recorded a gross margin of € 2.5 million and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 32,085 to € -391,892. The company made a loss. 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 26, 2026.
€ 2.3 million
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -391,892
▼ still € 32,085 profit in 2024
Profit after tax over the fiscal year.
€ 141,944
▼ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.1 million.
People and assets in 2025
34.3
▲ 2.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2 million
▲ 11% vs 2024
€ 58,800 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.
€ 895,354
▼ 21% vs 2024
Of which on lease € 753,696.
Debts at end 2025
€ 2.1 million
▼ 9% vs 2024
€ 480,954 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 540,724
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 202,724
▲ 8% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,020,927 | € 3,164,963 | € 2,765,484 | € 2,520,256 | ▼ 9% |
| Profit after taxes | € 142,718 | € 349,799 | € 32,085 | € -391,892 | ▼ € 423,978 |
| Equity | € 2,571,308 | € 2,708,022 | € 2,727,059 | € 2,322,117 | ▼ 15% |
| Total debts | € 5,615,288 | € 3,860,024 | € 3,290,359 | € 3,262,516 | ▼ 1% |
| Cash | € 147,218 | € 632,801 | € 293,146 | € 141,944 | ▼ 52% |
| Land & buildings | € 1,964,170 | € 1,854,581 | € 1,733,173 | € 1,600,005 | ▼ 8% |
| Retained profit | € 2,273,024 | € 2,422,823 | € 2,454,909 | € 2,063,016 | ▼ 16% |
| Dividend | € 1,536,000 | € 200,000 | € 0 | € 0 | |
| Bank debt | € 3,105,614 | € 2,761,036 | € 2,270,159 | € 2,062,075 | ▼ 9% |
| Balance sheet total | € 8,253,579 | € 6,568,047 | € 6,017,418 | € 5,584,633 | ▼ 7% |
| Employees (FTE) | 42.6 | 39 | 31.7 | 34.3 | ▲ 2.6 |
Key figures of GROUP NIVELLES, 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 GROUP NIVELLES?
What happened at GROUP NIVELLES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 391,892 (▼ € 423,978 vs 2024). Source: NBB ↗
- New establishment in Gingelom. KBO
- Start of the company according to the CBE. KBO
In short
From € 142,718 profit in 2022 to € 391,892 loss in 2025.
Paid € 92,966 in corporate taxes since 2022.
Best year ever: 2023, with € 349,799 profit.
On average € 73,500 of value added per employee in 2025.
Management
The stake of VICTOR comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GROUP NIVELLESBehind GROUP NIVELLES are Victor BV and Sibo BV. The shares are held by VICTOR (99.5%).
Directors
According to the 2025 annual accounts
Managing director · represented by Bart Nivelles
Also active at: I.B.S., Homelab Construct, C2Y, Homelab Invest, GROOT VOLLANDER GROND, GROOT VOLLANDER BOUW, IMMO EN RENT BCP, TEMENOS
Shareholders
99.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ambachtsweg 14
3890 Gingelom
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Homelab Construct same network
€ -80,949 gross margin · 2025
C2Y same network
€ 687,937 gross margin · 2025
Homelab Invest same network
€ 89,505 gross margin · 2025
IMMO EN RENT BCP same network
€ 39,202 gross margin · 2025
TEMENOS same network
€ 360,776 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AS-ZXCS, NL
Domain
Domain
groupnivelles.com
Registered
2009-12-08
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-12-08
Website info
Features
Security
Details
- Company number
- 0451.958.533
- VAT number
- BE 0451.958.533
- Registered office
- Ambachtsweg 14, 3890 Gingelom
- Names & denominations
- GROUP NIVELLES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 January 1994
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- groupnivelles.com
- Activities · NACE
Vervaardiging van keukenmeubelen
Vervaardiging van overige keukenmeubelen
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Groothandel in bouwmaterialen, algemeen assortiment
Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen