Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
Ninho from Wortegem-Petegem, company number BE0774819370, closed financial year 2025 with a result of € 778,923 after tax. For that financial year Ninho recorded a gross margin of € 204,389 and equity of € 2.5 million. Compared with financial year 2024, the result moved from € 130,455 to € 778,923. 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 August 31, 2026.
€ 2.5 million
▼ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 778,923
▲ € 648,467 vs 2024
Profit after tax over the fiscal year.
€ 437,078
▲ 130% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.4 million paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 2 million
▼ 15% vs 2024
€ 625,256 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1,263
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 52,306
▲ 83% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 95,014 | € 534,492 | € 209,846 | € 204,389 | ▼ 3% |
| Profit after taxes | € 41,080 | € 701,010 | € 130,455 | € 778,923 | ▲ € 648,467 |
| Equity | € 2,263,302 | € 2,964,312 | € 3,094,768 | € 2,461,926 | ▼ 20% |
| Total debts | € 3,163,340 | € 2,826,743 | € 2,447,866 | € 3,333,982 | ▲ 36% |
| Cash | € 84,696 | € 444,755 | € 189,809 | € 437,078 | ▲ 130% |
| Retained profit | € 41,080 | € 742,090 | € 872,546 | € 239,703 | ▼ 73% |
| Dividend | € 0 | € 0 | € 0 | € 1,411,765 | |
| Bank debt | € 3,000,000 | € 2,658,232 | € 2,316,651 | € 1,974,248 | ▼ 15% |
| Balance sheet total | € 5,426,643 | € 5,791,055 | € 5,542,634 | € 5,795,907 | ▲ 5% |
Key figures of Ninho, 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 Ninho?
What happened at Ninho in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 778,923 (▲ € 648,467 vs 2024). filed late Source: NBB ↗
- New establishment in Wortegem-Petegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 41,080 profit in 2022 to € 778,923 profit in 2025.
Paid € 206,207 in corporate taxes since 2022.
Best year ever: 2025, with € 778,923 profit.
Paid out € 1.4 million in dividends to the owners in total.
Management
Behind Ninho are Steven Moerman and Sarah Moerman. It owns 100% of De Patrijs itself.
Directors
According to the 2025 annual accounts
Sarah Moerman
Director
Establishments
Establishment units
Physical locations of this company
Deinzestraat(O.) 34 box A
9790 Wortegem-Petegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0774.819.370
- VAT number
- BE 0774.819.370
- Registered office
- Deinzestraat(O.) 34 bus A, 9790 Wortegem-Petegem
- Names & denominations
- Ninho
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 September 2021
- Peppol
- Active · Active since 13 Nov 2025
- Activities · NACE
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