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 29 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NICDO from Sint-Martens-Latem, company number BE0473107008, closed financial year 2025 with a result of € -1.1 million after tax. For that financial year NICDO recorded a gross margin of € 307,721 and equity of € 29.6 million. Compared with financial year 2024, the result moved from € 1.1 million to € -1.1 million. 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 July 27, 2026.
€ 29.6 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▼ still € 1.1 million profit in 2024
Profit after tax over the fiscal year.
€ 79,960
▼ 96% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 28.3 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 276,571
▲ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 133,114
▼ 52% vs 2024
Loans from banks and other lenders, long and short.
€ 953
▼ 95% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,185
▼ 80% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 309,205 | € 251,073 | € 894,262 | € 307,721 | ▼ 66% |
| Profit after taxes | € 234,307 | € 438,852 | € 1,147,811 | € -1,061,934 | ▼ € 2.2 million |
| Equity | € 29,099,445 | € 29,538,297 | € 30,686,108 | € 29,624,174 | ▼ 3% |
| Total debts | € 622,885 | € 498,496 | € 398,519 | € 4,793,602 | ▲ € 4.4 million |
| Cash | € 3,231,137 | € 633,797 | € 2,256,292 | € 79,960 | ▼ 96% |
| Land & buildings | € 6,747,956 | € 6,568,432 | € 5,942,076 | € 5,804,786 | ▼ 2% |
| Retained profit | € 27,786,445 | € 28,225,297 | € 29,373,108 | € 28,311,174 | ▼ 4% |
| Bank debt | € 565,090 | € 421,098 | € 277,106 | € 133,114 | ▼ 52% |
| Balance sheet total | € 29,722,330 | € 30,036,793 | € 31,215,291 | € 34,542,743 | ▲ 11% |
| Employees (FTE) | 0.2 | 0 | 0 | 0 |
Key figures of NICDO, 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 NICDO?
What happened at NICDO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Nicholas Dochy stepped down as director. NBB
- Alexander Dochy stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.1 million (▼ € 2.2 million vs 2024). Source: NBB ↗
- Nicholas Dochy became a director. NBB
- Alexander Dochy became a director. NBB
- New establishment in Sint-Martens-Latem. KBO
- Start of the company according to the CBE. KBO
In short
From € 234,307 profit in 2022 to € 1.1 million loss in 2025.
Paid € 251,485 in corporate taxes since 2022.
Best year ever: 2024, with € 1.1 million profit.
A new publication or filing at NICDO? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 99.9% of Immobilière de la grand Place, 99.9% of P.L.S. '97, 99.9% of Triangle, 90% of Brussels Sightseeing, 50% of CSP and 20% of Porta Agatha Construct itself.
Directors
According to the 2025 annual accounts
Nicholas Dochy
Director
since 2023 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Latemstraat 171
9830 Sint-Martens-Latem
Latemstraat 171 box 2.1
9830 Sint-Martens-Latem
Active since 7 May 2002
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →HYco same network
€ -4,195 gross margin · 2025
P.L.S.'97 same network
€ 321,384 gross margin · 2025
JoPaVa
€ -11,852 gross margin · 2024
CAM-unity
TRIANGLE same network
€ 144,325 gross margin · 2025
+3 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
- 0473.107.008
- VAT number
- BE 0473.107.008
- Registered office
- Latemstraat 171, 9830 Sint-Martens-Latem
- Names & denominations
- NICDO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 October 2000
- Peppol
- Active · Active since 7 Jan 2026
- Activities · NACE
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