DE NOLF

Active

Private limited companyfounded 20223 yrs activePloegsteertbaan(WAA) 7, 7784 Comines-Warneton, BelgiumKBO/BCE: BE 0791.942.147

The computed 12-month bankruptcy probability of DE NOLF is 2.6% (moderate). The 2025 annual accounts show equity of €21k and a net result of €6k. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 27787 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

41 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability49▼-2

Solvency31▲+1

Growth52=

Track record94

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity short (current ratio 0.64 against 0.61 in 2024; short-term debt: 44.9% and cash: 2.8% of total assets), and 93.5% of the assets are financed with debt.

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

6.5%

Return on assets

1.7%

Age of the figures

12 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 27787 sector peers (2025).

NBB · sector comparison

Position among 27787 sector peers

Solvency

better than 12%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

on the day

2024

on the day

2023

1 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

23-09-2026 today30-09-2026 close30-04-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€21k▲ 36.2%

2024 · €16k

2023: €11k 2024: €16k

2023 → 2025

Total assets

€329k▲ 10.3%

2024 · €299k

2023: €307k 2024: €299k

2023 → 2025

Net result

€6k▲ 30.7%

2024 · €4k

2023: €6k 2024: €4k

2023 → 2025

Working capital

€-53k▼ 34.7%

2024 · €-39k

2023: €-92k 2024: €-39k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€11k-€16k▲ 38.3%€21k▲ 36.2%

Operating result€13k-€22k▲ 64.0%€25k▲ 14.8%

Net result€6k-€4k▼ 31.5%€6k▲ 30.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen two years in a row; 2025 is 15% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €329k

71.0%

29.0%

Fixed assets €234k▼ 1.7%

Current assets €95k▲ 57.1%

Equity and liabilities €329k

93.5%

Equity €21k▲ 36.2%

Debt €308k▲ 8.8%

The debt ratio falls from 94.8% to 93.5%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€58k▲

2024 · €54k

Cash flow

€38k▲

2024 · €36k

Solvency

6.5%▲

2024 · 5.2%

Current ratio

0.64▲

2024 · 0.61

Quick ratio

0.50▼

2024 · 0.53

Debt / equity

14.43▼

2024 · 18.05

ROE

26.6%▼

2024 · 27.7%

ROA

1.7%▲

2024 · 1.5%

Interest coverage

3.38▼

2024 · 3.63

Debt

€308k▲

2024 · €283k

Debt ≤ 1 year

€148k▲

2024 · €100k

Debt > 1 year

€157k▼

2024 · €183k

Income taxes

€3k▼

2024 · €3k

Staff costs

€137k▲

2024 · €120k

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€299k€329k▲

Fixed assets21/28€238k€234k▼

Intangible fixed assets21€4k€4k▼

Tangible fixed assets22/27€234k€230k▼

Land and buildings22€154k€175k▲

Plant, machinery and equipment23€10k€7k▼

Furniture and vehicles24€70k€48k▼

Current assets29/58€61k€95k▲

Stocks and contracts in progress3€8k€22k▲

Stocks30/36€8k€22k▲

Amounts receivable within one year40/41€47k€61k▲

Trade receivables40€47k€57k▲

Other amounts receivable41€959€4k▲

Cash at bank and in hand54/58€3k€9k▲

Deferred charges and accrued income490/1€2k€4k▲

Equity and liabilities

Total equity and liabilities10/49€299k€329k▲

Equity10/15€16k€21k▲

Contributions10/11€5k€5k=

Reserves13€11k€16k▲

Distributable reserves133€11k€16k▲

Amounts payable17/49€283k€308k▲

Amounts payable after more than one year17€183k€157k▼

Financial debts170/4€183k€157k▼

Amounts payable within one year42/48€100k€148k▲

Current portion of amounts payable after more than one year42€25k€26k▲

Trade debts44€38k€49k▲

Suppliers440/4€38k€49k▲

Advances received on contracts in progress46€17k€15k▼

Taxes, remuneration and social security45€14k€21k▲

Taxes450/3€9k€11k▲

Remuneration and social security454/9€5k€10k▲

Other amounts payable47/48€6k€37k▲

Accrued charges and deferred income492/3-€3k

Income statement Code20242025

Non-recurring operating income76A-€8k

Remuneration, social security and pensions62€120k€137k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€32k▲

Other operating charges640/8€4k€3k▼

Non-recurring operating charges66A€0-

Gross operating margin9900€177k€198k▲

Operating profit (loss)9901€22k€25k▲

Financial income75/76B€127€63▼

Recurring financial income75€127€63▼

Financial charges65/66B€15k€17k▲

Recurring financial charges65€15k€17k▲

Profit (loss) for the period before taxes9903€7k€8k▲

Income taxes67/77€3k€3k▼

Profit (loss) for the period9904€4k€6k▲

Profit (loss) for the period to be appropriated9905€4k€6k▲

Appropriation of the result

Profit (loss) to be appropriated9906€4k€6k▲

Transfer to equity691/2€4k€6k▲

To other reserves6921€4k€6k▲

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

Next filing, fiscal year 2026, expected by 30-04-2027

2026

30-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-04

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-09

Financial Weakest financial yearnet €4k ▼31.5%

Net result drops to €4k, the lowest in the series; recovery starts the following year.

29-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Comines-Warneton · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Ploegsteertbaan(WAA) 77784 Comines-Warneton

Ground area

1,054 m²

Building footprint

54 m²

Volume, LiDAR

454 m³

Parcel 54009D0091/00L005, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

DE NOLF

Ploegsteertbaan(WAA) 7, 7784 Comines-WarnetonRepair, maintenance and installation of machinery and equipment

since 20222.337.064.847

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
54009D0091/00L005	Wallonia	1,054 m²	1 · 54 m²	9.8 m · 3 fl.

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.

Similar companies · same sector, comparable size

Fine Food BM

BE 0646.988.515

Brussel · Eq €21k

Thierry TOUSSAINT - Chauffage Sanitaire

Grobbendonk · Eq €21k

Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 3,613 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-10-2022

Fiscal year end30-09

Activities, NACEBEL

43222Installation of electric heating, air conditioning, cooling and ventilation

43410Roofing work

43221Plumbing work

43240Other construction installation

43299Specialised construction activities

43990Other specialised construction activities

43999Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.