ATRIUM NOVANDI
ActiveATRIUM NOVANDI has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.15M and a net result of €300k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 68% of 4533 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+3
Solvency86▲+5
Growth75▲+16
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.37 in 2024; short-term debt: 13.7% and cash: 0.9% of total assets), and 39.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.6%
Return on assets
5.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
16 d early
2023
64 d early
2022
18 d late
2021
38 d early
2020
65 d early
2019
14 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.62M▲ 7.8%
2024 · €1.50M
2018: €765k
2019: €1.11M
2021: €1.17M
2022: €1.15M
2023: €1.65M
2024: €1.50M
2018 → 2025
EBIT margin
26.3%▲ 14.2pp
2024 · 12.1%
2018: 27.6%
2019: 49.5%
2021: 37.5%
2022: 30.6%
2023: 21.2%
2024: 12.1%
2018 → 2025
Net result
€300k▲ 125%
2024 · €133k
2018: €171k
2019: €1.04M
2021: €331k
2022: €246k
2023: €249k
2024: €133k
2018 → 2025
Working capital
€-265k▲ 37.1%
2024 · €-421k
2018: €-652k
2019: €136k
2021: €-357k
2022: €-507k
2023: €-472k
2024: €-421k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.17M-€1.15M▼ 1.8%€1.65M▲ 43.1%€1.50M▼ 8.9%€1.62M▲ 7.8%
Equity€2.74M-€2.87M▲ 4.9%€2.99M▲ 4.1%€3.00M▲ 0.2%€3.15M▲ 5.2%
Operating result€441k-€353k▼ 19.8%€350k▼ 0.9%€182k▼ 48.0%€427k▲ 135%
Net result€331k-€246k▼ 25.9%€249k▲ 1.5%€133k▼ 46.5%€300k▲ 125%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 135% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.20M
Fixed assets
€4.76M▼ 7.6%
Current assets
€445k▲ 82.4%
Equity and liabilities €5.20M
Equity
€3.15M▲ 5.2%
Provisions
€186k▼ 6.5%
Debt
€1.86M▼ 15.1%
The debt ratio falls from 40.7% to 35.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€882k▲
2024 · €636k
Cash flow
€755k▲
2024 · €587k
Solvency
60.6%▲
2024 · 55.6%
Current ratio
0.63▲
2024 · 0.37
Quick ratio
0.63▲
2024 · 0.37
Debt / equity
0.59▼
2024 · 0.73
ROE
9.5%▲
2024 · 4.4%
ROA
5.8%▲
2024 · 2.5%
Interest coverage
43.31▲
2024 · 25.65
Debt
€1.86M▼
2024 · €2.19M
Debt ≤ 1 year
€710k▲
2024 · €665k
Debt > 1 year
€1.15M▼
2024 · €1.52M
Income taxes
€134k▲
2024 · €52k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.39M€5.20M▼
Fixed assets21/28€5.15M€4.76M▼
Tangible fixed assets22/27€5.07M€4.67M▼
Land and buildings22€4.58M€4.22M▼
Plant, machinery and equipment23€466k€404k▼
Furniture and vehicles24€161€69▼
Assets under construction and advance payments27€19k€42k▲
Financial fixed assets28€80k€90k▲
Other financial fixed assets284/8€80k€90k▲
Amounts receivable and cash guarantees285/8€80k€90k▲
Current assets29/58€244k€445k▲
Amounts receivable within one year40/41€114k€400k▲
Trade receivables40€111k€291k▲
Other amounts receivable41€3k€109k▲
Current investments50/53€62k€124▼
Other investments51/53€62k€124▼
Cash at bank and in hand54/58€10k€45k▲
Deferred charges and accrued income490/1€59k€390▼
Equity and liabilities
Total equity and liabilities10/49€5.39M€5.20M▼
Equity10/15€3.00M€3.15M▲
Contributions10/11€369k€369k=
Capital10€369k€369k=
Issued capital100€369k€369k=
Reserves13€628k€660k▲
Non-distributable reserves130/1€37k€37k=
Legal reserve130€37k€37k=
Tax-exempt reserves132€473k€505k▲
Distributable reserves133€118k€118k=
Profit (loss) carried forward14€1.77M€1.91M▲
Investment grants15€232k€216k▼
Provisions and deferred taxes16€199k€186k▼
Deferred taxes168€199k€186k▼
Amounts payable17/49€2.19M€1.86M▼
Amounts payable after more than one year17€1.52M€1.15M▼
Financial debts170/4€1.52M€1.15M▼
Credit institutions173€1.52M€1.15M▼
Amounts payable within one year42/48€665k€710k▲
Current portion of amounts payable after more than one year42€376k€376k=
Trade debts44€105k€93k▼
Suppliers440/4€105k€93k▼
Taxes, remuneration and social security45€22k€111k▲
Taxes450/3€22k€111k▲
Other amounts payable47/48€162k€130k▼
Accrued charges and deferred income492/3€7k€8k▲
Income statement
Code20242025
Operating income70/76A€1.76M€2.03M▲
Turnover70€1.50M€1.62M▲
Other operating income74€238k€316k▲
Non-recurring operating income76A€16k€92k▲
Operating charges60/66A€1.58M€1.60M▲
Services and other goods61€914k€943k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€454k€455k▲
Other operating charges640/8€174k€202k▲
Non-recurring operating charges66A€34k€2k▼
Operating profit (loss)9901€182k€427k▲
Financial income75/76B€16k€16k▼
Recurring financial income75€16k€16k▼
Other financial income752/9€16k€16k▼
Financial charges65/66B€26k€22k▼
Recurring financial charges65€26k€22k▼
Debt charges650€25k€20k▼
Other financial charges652/9€995€1k▲
Profit (loss) for the period before taxes9903€173k€421k▲
Transfer from deferred taxes780€13k€13k=
Income taxes67/77€52k€134k▲
Taxes670/3€52k€134k▲
Profit (loss) for the period9904€133k€300k▲
Transfer from tax-exempt reserves789€31k€31k=
Transfer to tax-exempt reserves689-€63k
Profit (loss) for the period to be appropriated9905€164k€268k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.88M€2.04M▲
Profit (loss) brought forward from the previous period14P€1.71M€1.77M▲
Profit to be distributed694/7€110k€130k▲
Return on contributions (dividend)694€110k€130k▲
The notes to these accounts (38 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €133k ▼46.5%
Net result drops to €133k, the lowest in the series; recovery starts the following year.
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 18 days late
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 14 days late
2019
31-12
Financial
Highest result since 2018net €1.04M ▲507%
Operating result €551k, net result €1.04M, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 1.17
Current ratio from 0.28 to 1.17; short-term debt falls from €912k to €797k.
31-12
Financial
Equity above €2MEq €2.98M ▲51.5%
2 profitable years in a row build equity to €2.98M.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
18 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Renory 4784031 LiègeGround area
8,987 m²
Building footprint
170 m²
Parcel 62002A0067/00W000, Wallonia. Linked by address, not a title deed.
1 establishment unit
ATRIUM NOVANDI
since 20142.230.509.456
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62002A0067/00W000 | Wallonia | 8,987 m² | 1 · 170 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 2,217 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-10-2013
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68121Development of residential building projects
64999Other financial services
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.