Active BE 0446.576.320Public limited company

Ets NOEL

Rue Louis Happart 80 ·4367 Crisnée, Belgium· 34 yrs active

Sector: Real estate activities (68201)

Conclusion Checked

The computed 12-month bankruptcy probability of Ets NOEL is 1.2% (low). The 2019 annual accounts show equity of €564k and a net result of €426k. The company has been active since 1992 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€564k
Net result	€426k
Active	34 yrs
Locations	1

Snowflake analysis 5 axes · computed by Checked

81 / 100

Exceptional profile, strong across almost every axis.

Health 82

Profitability 100

Solvency 100

Growth 32

Stability 92

Bankruptcy probability (12 mo) Checked model v1 · free

1.2% Low

0%0,5%1,5%4%10%≥25%

Recent warning signals +Annual accounts: weaker financial profile +Lower-failure-rate sector −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

3 / 100

Low risk

Components

· 1 administrative flag (+3)

Trust signals 2 signals

Long-established

Founded in 1992, 34 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administrative Flags 1 events

Late accounts filing

Health barometer FY 2019 · computed

82 / 100 Excellent

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 20-06-2022 with the NBB · fiscal year 2020 · micro

Operating resultNet result

EBITDA

€27k

-49.9% far above sector median

Net profit

€426k

-2.0% far above sector median

Cash flow

€453k

-6.0% far above sector median

Total assets

€942k

-4.7% far above sector median

Equity

€564k

-1.5% far above sector median

Working capital

€553k

+0.3% far above sector median

Income taxes

€261

+119.3% -65% vs sector

Debt

€378k

-9.1% far above sector median

Debt ≤ 1y

€311k

-6.2% far above sector median

Debt > 1y

€67k

-20.5% far above sector median

Current ratio

2.78

+4.3% +100% vs sector

Quick ratio

2.78

+4.3% +100% vs sector

Solvency

59.9%

+3.3% +9% vs sector

Debt / equity

0.12

-19.3% -86% vs sector

ROE

75.5%

-0.5% far above sector median

ROA

45.2%

+2.8% far above sector median

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Revenue	-
EBITDA	€27k
Net profit	€426k
Cash flow	€453k
Staff costs	-
Income taxes	€261
Dividends	-
Total assets	€942k
Equity	€564k
Debt	€378k
of which ≤ 1y	€311k
of which > 1y	€67k
Working capital	€553k
Employees (FTE)	-

Ratios (computed)

	2019
Current ratio	2.78
Quick ratio	2.78
Working capital ratio	58.7%
Solvency	59.9%
Debt / equity	0.12
Long-term debt ratio	0.12
Interest coverage	-
Gross margin	-
Net margin	-
ROA	45.2%
ROE	75.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €77k · 8.2% Current assets €865k · 91.8%

Equity & liabilities

Equity €564k · 59.9% Debt €378k · 40.1%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€942k
Fixed assets	21/28	€77k
Intangible fixed assets	21	€27k
Tangible fixed assets	22/27	€50k
Current assets	29/58	€865k
Amounts receivable within one year	40/41	€765k
Cash & bank	54/58	€95k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€942k
Equity	10/15	€564k
Contributions / capital	10/11	€93k
Reserves	13	€45k
Accumulated profits (losses)	14	€426k
Amounts payable	17/49	€378k
Amounts payable after one year	17	€67k
Amounts payable within one year	42/48	€311k
Trade debts payable within one year	44	€230k
Income statement
Gross operating margin	9900	€56k
Operating result	9901	€-286
Financial charges	65	€8k
Result before taxes	9903	€-8k
Income taxes	67/77	€261
Net result for the period	9904	€-9k
Result to be appropriated	9905	€-9k

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Ratios computed by Checked.

Legal Structure

NACE primary	Real estate activities(68201)
Legal form	Public limited company(014)
Incorporation	13-02-1992
Status	Active
Postal code	4367

Establishment units 1 location

Chaussée Romaine (War) 183, 4300 Waremme

de kleinhandel in nieuwe en gebruikte auto's voor personenvervoer,inclusief die voor bijzondere doeleinden (vb ambulances)

since 19922.058.270.219

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
64074B0010/00G000	Wallonia	3,953 m²	1 · 1,915 m²	7.5 m · 1 fl.
64415B0336/00E000	Wallonia	488 m²	1 · 84 m²	9.0 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

08-09-2025

KBO administration Late accounts filing

2022

20-06-2022