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Atelier Notebaert Technics

Active
Private limited companyfounded 2000active for 26 yearsWesterring 27, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0469.621.441
Summary

Atelier Notebaert Technics has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39,503 and a net result of €5,145. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 60% of 2,283 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€39,503▲ 12.3%
2024 · €35,191
Total assets
€71,321▲ 23.2%
2024 · €57,881
Net result
€5,145▲ 6.3%
2024 · €4,840
Working capital
€25,875▲ 36.1%
2024 · €19,008
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result recovers in 2025; 2025 is 36% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€9,315 2025 Net result€5,145 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€867--€9,880€10,699-€299€9,751€6,859▼ 29.7%€9,315▲ 35.8%
Net result-€303-€9,532within the sector's middle half€6,863within the sector's middle half▼ 28.0%€949within the sector's middle half▼ 86.2%€6,293within the sector's middle half▲ 563%€4,840within the sector's middle half▼ 23.1%€5,145within the sector's middle half▲ 6.3%
Equity€8,407-€17,939below the sector's middle half▲ 113%€24,802within the sector's middle half▲ 38.3%€25,751within the sector's middle half▲ 3.8%€31,210within the sector's middle half▲ 21.2%€35,191within the sector's middle half▲ 12.8%€39,503within the sector's middle half▲ 12.3%
Total assets€393,472-€35,720below the sector's middle half▼ 90.9%€35,571below the sector's middle half▼ 0.4%€51,309below the sector's middle half▲ 44.2%€40,970below the sector's middle half▼ 20.1%€57,881below the sector's middle half▲ 41.3%€71,321below the sector's middle half▲ 23.2%
Debt€385,066-€17,781▼ 95.4%€10,769▼ 39.4%€25,558▲ 137%€9,760▼ 61.8%€22,690▲ 132%€31,818▲ 40.2%
Working capital-€344,555-€15,862below the sector's middle half€23,354within the sector's middle half▲ 47.2%€20,924within the sector's middle half▼ 10.4%€18,941within the sector's middle half▼ 9.5%€19,008within the sector's middle half▲ 0.4%€25,875within the sector's middle half▲ 36.1%
Solvency2.1%-50.2%within the sector's middle half▲ 48.1pp69.7%above the sector's middle half▲ 19.5pp50.2%within the sector's middle half▼ 19.5pp76.2%above the sector's middle half▲ 26.0pp60.8%within the sector's middle half▼ 15.4pp55.4%within the sector's middle half▼ 5.4pp
Current ratio0.11-1.89within the sector's middle half▲ 1.793.17above the sector's middle half▲ 1.281.82within the sector's middle half▼ 1.352.94within the sector's middle half▲ 1.121.84within the sector's middle half▼ 1.101.84within the sector's middle half=
Return on assets (ROA)-0.1%-26.7%above the sector's middle half▲ 26.8pp19.3%above the sector's middle half▼ 7.4pp1.8%within the sector's middle half▼ 17.4pp15.4%above the sector's middle half▲ 13.5pp8.4%within the sector's middle half▼ 7.0pp7.2%within the sector's middle half▼ 1.1pp
Staff (FTE)0.3-
above within below the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71,321
Fixed assets €14,547 ▼ 10.1%
Current assets €56,775 ▲ 36.2%
Equity and liabilities €71,321
Equity €39,503 ▲ 12.3%
Debt €31,818 ▲ 40.2%
Debt's share of the balance-sheet total rises from 39.2% to 44.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€12,577▲
2024 · €9,281
Cash flow
€8,407▲
2024 · €7,262
Quick ratio
1.62▲
2024 · 1.60
Debt to equity
0.81▲
2024 · 0.64
ROE
13.0%▼
2024 · 13.8%
Interest coverage
10.72▼
2024 · 23.56
Debt ≤ 1 year
€30,900▲
2024 · €22,690
Income taxes
€2,996▲
2024 · €2,629
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,372 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,372 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€57,881€71,321▲
Fixed assets21/28€16,183€14,547▼
Tangible fixed assets22/27€12,133€10,497▼
Plant, machinery and equipment23€12,133€10,497▼
Financial fixed assets28€4,050€4,050=
Current assets29/58€41,698€56,775▲
Stocks and contracts in progress3€5,465€6,850▲
Stocks30/36€5,465€6,850▲
Amounts receivable within one year40/41€14,517€12,772▼
Trade receivables40€10,459€11,555▲
Other amounts receivable41€4,058€1,217▼
Cash at bank and in hand54/58€21,374€36,594▲
Deferred charges and accrued income490/1€342€558▲
Equity and liabilities
Total equity and liabilities10/49€57,881€71,321▲
Equity10/15€35,191€39,503▲
Contributions10/11€18,592€18,592=
Reserves13€16,599€20,911▲
Distributable reserves133€16,599€20,911▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€22,690€31,818▲
Amounts payable within one year42/48€22,690€30,900▲
Trade debts44€4,078€6,541▲
Suppliers440/4€4,078€6,541▲
Taxes, remuneration and social security45€438€468▲
Taxes450/3€438€468▲
Other amounts payable47/48€18,175€23,891▲
Accrued charges and deferred income492/3-€918
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,422€3,262▲
Other operating charges640/8€777€531▼
Gross operating margin9900€10,058€13,108▲
Operating profit (loss)9901€6,859€9,315▲
Financial income75/76B€1,003€0▼
Recurring financial income75€1,003€0▼
Financial charges65/66B€394€1,173▲
Recurring financial charges65€394€1,173▲
Profit (loss) for the period before taxes9903€7,468€8,141▲
Income taxes67/77€2,629€2,996▲
Profit (loss) for the period9904€4,840€5,145▲
Profit (loss) for the period to be appropriated9905€4,840€5,145▲
Appropriation of the result
Profit (loss) to be appropriated9906€4,840€5,145▲
Transfer from equity791/2€14€0▼
Transfer to equity691/2€3,995€4,312▲
To other reserves6921€3,995€4,312▲
Profit to be distributed694/7€859€833▼
Return on contributions (dividend)694€859€833▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Remuneration, social security and pensions62--€0-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€884€884€444€562€1,442€2,422€3,262▲ 34.7%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€3,802€0----
Other operating charges640/8--€1,392€707€3,271€777€531▼ 31.6%
Gross operating margin9900€16,118-€3,525€8,734€970€14,464€10,058€13,108▲ 30.3%
Operating profit (loss)9901€867-€9,880€10,699-€299€9,751€6,859€9,315▲ 35.8%
Financial income75/76B--€799€2,295€1€1,003€0▼ 100%
Recurring financial income75€1€374,376€799€2,295€1€1,003€0▼ 100%
Financial charges65/66B--€1,374€161€182€394€1,173▲ 198%
Recurring financial charges65€558€352,121€1,374€161€182€394€1,173▲ 198%
Profit (loss) for the period before taxes9903€309€12,375€10,125€1,835€9,571€7,468€8,141▲ 9.0%
Income taxes67/77€612€2,843€3,262€887€3,278€2,629€2,996▲ 14.0%
Profit (loss) for the period9904-€303€9,532€6,863€949€6,293€4,840€5,145▲ 6.3%
Profit (loss) for the period to be appropriated9905-€303€9,532€6,863€949€6,293€4,840€5,145▲ 6.3%
Line2019202020212022202320242025Change
Assets
Total assets20/58€393,472€35,720€35,571€51,309€40,970€57,881€71,321▲ 23.2%
Fixed assets21/28€352,961€2,077€1,448€4,826€12,269€16,183€14,547▼ 10.1%
Tangible fixed assets22/27€2,216€1,332€888€4,826€8,219€12,133€10,497▼ 13.5%
Plant, machinery and equipment23--€888€4,826€8,219€12,133€10,497▼ 13.5%
Financial fixed assets28€350,745€745€560€0€4,050€4,050€4,050=
Current assets29/58€40,511€33,643€34,123€46,482€28,701€41,698€56,775▲ 36.2%
Amounts receivable after more than one year29--€28,000€21,000€0---
Trade receivables290---€21,000€0---
Other amounts receivable291--€28,000€0----
Stocks and contracts in progress3€4,000--€5,085€4,369€5,465€6,850▲ 25.3%
Stocks30/36---€5,085€4,369€5,465€6,850▲ 25.3%
Amounts receivable within one year40/41€29,100€28,615€2,422€7,044€5,378€14,517€12,772▼ 12.0%
Trade receivables40--€1,203€4,032€3,052€10,459€11,555▲ 10.5%
Other amounts receivable41--€1,219€3,012€2,326€4,058€1,217▼ 70.0%
Cash at bank and in hand54/58€2,211€4,777€2,567€12,115€18,555€21,374€36,594▲ 71.2%
Deferred charges and accrued income490/1--€1,134€1,239€399€342€558▲ 63.1%
Equity and liabilities
Total equity and liabilities10/49€393,472€35,720€35,571€51,309€40,970€57,881€71,321▲ 23.2%
Equity10/15€8,407€17,939€24,802€25,751€31,210€35,191€39,503▲ 12.3%
Contributions10/11€18,592-€18,592€18,592€18,592€18,592€18,592=
Reserves13€847€847€6,210€7,159€12,618€16,599€20,911▲ 26.0%
Non-distributable reserves130/1--€847€847€0---
Reserves not available under the articles1311--€847€847€0---
Distributable reserves133--€5,363€6,311€12,618€16,599€20,911▲ 26.0%
Profit (loss) carried forward14-€11,033-€1,501€0-€0€0€0-
Amounts payable17/49€385,066€17,781€10,769€25,558€9,760€22,690€31,818▲ 40.2%
Amounts payable within one year42/48€385,066€17,781€10,769€25,558€9,760€22,690€30,900▲ 36.2%
Trade debts44€18,485€13,789€6,195€24,072€8,062€4,078€6,541▲ 60.4%
Suppliers440/4--€6,195€24,072€8,062€4,078€6,541▲ 60.4%
Taxes, remuneration and social security45--€3,262€887€778€438€468▲ 6.8%
Taxes450/3--€3,262€887€778€438€468▲ 6.8%
Other amounts payable47/48--€1,312€599€919€18,175€23,891▲ 31.5%
Accrued charges and deferred income492/3------€918-
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€303€9,532€6,863€949€6,293€4,840€5,145▲ 6.3%
+ Depreciation and write-downs630€884€884€444€562€1,442€2,422€3,262▲ 34.7%
Operating cash flow (approximation)€581€10,416€7,307€1,510€7,735€7,262€8,407▲ 15.8%
Investment in fixed assets (approximation)-€350,000€185-€3,940-€8,885-€6,336-€1,625▲ 74.3%
Change in cash-€2,566-€2,210€9,548€6,440€2,819€15,221▲ 440%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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