Equity
€131,777 from €426,537 in 2014
Equity fell by 69% in 11 years.
N.O.E.
Part of the group
52 companies in 12 countries
Lifetime
17 annual accounts with figures on one time axis, 35 filings since 1991peak €84,637 (2013)
€9,512unchanged
lowest -€7,383 (2017)
€5,451▼ 20.6%
peak €426,537 (2014)
€131,777▲ 4.3%
€4,400▲ 18.9%
Board2 names since 2016
2 directors and 1 other
Owners
99.01%
Documentsfilings and deeds
14-07-202617 days before the deadline
2025abbreviated format
Debts from €3,700 to €4,400
Key points
from the 2025 annual accountsFilings
35 annual accounts since 1991
The 2019 accounts came 96 days late. The other nine of the last ten were filed on time.
Position in the sector
96.8%
Higher solvency than 95% of companies in real estate. Sector median 30.2% · 12,423 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 17,035 companies had the same profile as N.O.E. has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,035 companies, not a prediction for N.O.E.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 02-05-2025
Director
- 99.01%equity €50.9m (2025) · 2025 annual accounts of
Recent changes
Reappointment: (director)
General meeting of 27-10-2023 · Gazette deed
Reappointment: (director)
Gazette deed
Reappointment: (director)
General meeting of 05-05-2016 · Gazette deed
First establishment
Nijverheidslaan 1, Aalter
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| N.O.E. Aalter | €136,177 | €9,512 | 96.8% | - |
| MILAGRO Destelbergen | €154,386 | €10,177 | -36.8% | - |
| MASSIMO Woluwe-Saint-Lambert | €142,835 | €9,051 | -156.2% | - |
| GREEN TRADING COMPANY Etterbeek | €157,144 | €9,126 | 68.9% | - |
| ELBOS Binche | €111,715 | €10,831 | 99.3% | - |
| DCH Ghent | €140,507 | €12,170 | 88.7% | - |
| Papengoed Waasmunster | €135,763 | €13,486 | 63.2% | - |
These companies have the same main activity as N.O.E.: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €112,000 and €157,000, founded between 1983 and 1994.
Official details
Source: KBO- Status
- Active since 24-03-1989Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.046.404.7439880 Aalter, since 18-12-1989
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €33,000estimated
- €136,177▲ 4.7%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on N.O.E.
N.O.E. files the abbreviated format. That format states no turnover. The gross margin fell from €78,721 in 2009 to €9,512 in 2025.
holds 99.01% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about N.O.E.
- What is the company number of N.O.E.?
- The company number of N.O.E. is 0437.117.632. The VAT number is the same number with BE in front: BE 0437.117.632.
- Where is N.O.E. based?
- The registered office is at Nijverheidslaan 1, 9880 Aalter.Company details
- What does N.O.E. do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of N.O.E.?
- N.O.E. is a public limited company (NV).
- When was N.O.E. founded?
- N.O.E. was founded on 24-03-1989.
- Is N.O.E. still active?
- Yes, N.O.E. is an active enterprise in the KBO register.
- What is the turnover of N.O.E.?
- The turnover in financial year 2025 is ≈ €33,000. This figure is estimated from the gross margin of €9,512 and 31 comparable companies (NACE 68203). It probably lies between €13,000 and €75,000. It is a rough estimate.Financials
- Is N.O.E. profitable?
- In financial year 2025, N.O.E. made a profit of €5,451.
- Where can I find the annual accounts of N.O.E.?
- N.O.E. filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of N.O.E. due?
- N.O.E. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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