Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Busy address KBO
21 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Nivoda Belgium from Antwerpen, company number BE0779274937, closed financial year 2025 with a result of € -569,196 after tax. For that financial year Nivoda Belgium recorded a gross margin of € 71,208 and equity of € -736,394. Compared with financial year 2024, the result moved from € 67,666 to € -569,196. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 30, 2025.
€ -736,394
▼ € 569,196 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -569,196
▼ still € 67,666 profit in 2024
Profit after tax over the fiscal year.
€ 340,290
▲ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -736,394.
People and assets in 2025
2.9
Average over the fiscal year, from the social balance sheet.
€ 165,646
▲ 81% vs 2024
€ 57,100 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.
€ 22,414
▲ 221% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4.4 million
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 42,736
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -117,370 | € 192,868 | € 71,208 | ▼ 63% |
| Profit after taxes | € -234,864 | € 67,666 | € -569,196 | ▼ € 636,863 |
| Equity | € -234,864 | € -167,198 | € -736,394 | ▼ € 569,196 |
| Total debts | € 273,003 | € 7,237,731 | € 4,501,314 | ▼ 38% |
| Cash | € 31,422 | € 224,467 | € 340,290 | ▲ 52% |
| Retained profit | € -234,864 | € -167,198 | € -736,394 | ▼ € 569,196 |
| Balance sheet total | € 38,139 | € 7,070,533 | € 3,764,920 | ▼ 47% |
| Employees (FTE) | - | - | 2.9 |
Key figures of Nivoda Belgium, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 31 October 2026.
What happened to Nivoda Belgium?
What happened at Nivoda Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 569,196 (▼ € 636,863 vs 2024). Source: NBB ↗
- Andre Woons became a director. NBB
- Bas Johannes Lustenhouwer stepped down as director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
- Michael Marc L Sterk became a director. NBB
- Bas Johannes Lustenhouwer became a director. NBB
In short
From € 234,864 loss in 2023 to € 569,196 loss in 2025.
Best year ever: 2024, with € 67,666 profit.
On average € 24,600 of value added per employee in 2025.
Management
Behind Nivoda Belgium are Michael Marc L Sterk and Andre Woons.
Directors
According to the 2025 annual accounts
Michael Marc L Sterk
Director
since 2021
Andre Woons
Director
since 2025
Bas Johannes Lustenhouwer
Director
since 2021 · until 2025
Establishments
Establishment units
Physical locations of this company
Pelikaanstraat 62
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 21 companies are registered at this address.
All companies at this address →Diamantclub van Antwerpen
€ 3.4 million revenue · 2025
Vrije Diamanthandel
€ -29,472 gross margin · 2025
AMBEL INVEST
€ -3,959 gross margin · 2025
BARSAMIAN DIAMONDS
Bonas Couzyn (Antwerp) NV
€ 345.4 million revenue · 2025
+16 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
- 0779.274.937
- VAT number
- BE 0779.274.937
- Registered office
- Pelikaanstraat 62, 2018 Antwerpen
- Names & denominations
- Nivoda Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2021
- Peppol
- Active · Active since 30 Dec 2025
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