Financials
Financial year 2025
NIELCO from Wervik, company number BE0889128724, closed financial year 2025 with a result of € 212,669 after tax. For that financial year NIELCO recorded a gross margin of € 287,323 and equity of € 998,896. Compared with financial year 2024, the result moved from € 180,032 to € 212,669. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 19, 2026.
€ 998,896
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 212,669
▲ 18% vs 2024
Profit after tax over the fiscal year.
€ 661,811
▲ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 114,800 paid out
54 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 31,537
▼ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 34,740
▼ 89% vs 2024
€ 12,857 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 196
▲ € 169 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,641
▼ 65% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 284,240 | € 314,659 | € 271,782 | € 287,323 | ▲ 6% |
| Profit after taxes | € 180,663 | € 225,595 | € 180,032 | € 212,669 | ▲ 18% |
| Equity | € 718,713 | € 837,295 | € 901,027 | € 998,896 | ▲ 11% |
| Total debts | € 489,544 | € 506,744 | € 591,868 | € 324,706 | ▼ 45% |
| Cash | € 517,906 | € 577,244 | € 558,340 | € 661,811 | ▲ 19% |
| Land & buildings | € 200,063 | € 193,215 | € 186,366 | € 179,518 | ▼ 4% |
| Retained profit | € 700,113 | € 837,295 | € 901,027 | € 998,896 | ▲ 11% |
| Dividend | € 52,000 | € 106,013 | € 116,300 | € 114,800 | ▼ 1% |
| Bank debt | € 350,776 | € 338,511 | € 326,053 | € 34,740 | ▼ 89% |
| Balance sheet total | € 1,208,256 | € 1,344,040 | € 1,492,895 | € 1,323,602 | ▼ 11% |
Key figures of NIELCO, 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 NIELCO?
What happened at NIELCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 212,669 (▲ 18% vs 2024). Source: NBB ↗
- New establishment in Wervik. KBO
- Start of the company according to the CBE. KBO
In short
From € 180,663 profit in 2022 to € 212,669 profit in 2025.
Paid € 340,289 in corporate taxes since 2022.
Best year ever: 2023, with € 225,595 profit.
Paid out € 389,113 in dividends to the owners in total.
Management
Behind NIELCO is Kris Thermote.
Directors
According to the 2025 annual accounts
Kris Thermote
Director
Establishments
Establishment units
Physical locations of this company
Kleinestraat 8
8940 Wervik
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0889.128.724
- VAT number
- BE 0889.128.724
- Registered office
- Kleinestraat 8, 8940 Wervik
- Names & denominations
- NIELCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 May 2007
- Peppol
- Active · Active since 26 Aug 2025
- Activities · NACE
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