N.O.E.
ActiveSummary
N.O.E. has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €132k and a net result of €5k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 93% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 23.08 against 25.79 in 2024; short-term debt: 3.2% of total assets), and 3.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
96.8%
Return on assets
4%
Age of the figures
9 mo
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
21 d early
2023
21 d early
2022
19 d early
2021
20 d early
2020
19 d early
2019
96 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5k▼ 20.6%
2024 · €7k
Working capital
€97k▲ 5.9%
2024 · €92k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3k▲ 0.4%€6k▲ 117%€5k▼ 22.5%€6k▲ 21.5%€6k▼ 1.7%
Net result€3k▲ 2.8%€4k▲ 16.0%€4k▲ 4.4%€7k▲ 84.9%€5k▼ 20.6%
Equity€112k▲ 2.8%€116k▲ 3.2%€119k▲ 3.2%€126k▲ 5.8%€132k▲ 4.3%
Total assets€112k▲ 1.9%€117k▲ 3.9%€122k▲ 4.3%€130k▲ 7.0%€136k▲ 4.7%
Debt€850€2k▲ 149%€4k▲ 74.9%€4k▲ 18.9%
Working capital€81k€85k▲ 4.6%€92k▲ 8.1%€97k▲ 5.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €136k
Fixed assets
€35k =
Current assets
€102k ▲ 6.4%
Equity and liabilities €136k
Equity
€132k ▲ 4.3%
Debt
€4k ▲ 18.9%
Debt's share of the balance-sheet total rises from 2.8% to 3.2%. Equity and debt are higher.
Key figures and ratios
Current ratio
23.08▼
2024 · 25.79
Debt to equity
0.03▲
2024 · 0.03
ROE
4.1%▼
2024 · 5.4%
ROA
4.0%▼
2024 · 5.3%
Debt ≤ 1 year
€4k▲
2024 · €4k
Income taxes
€2k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €3k | €3k | €3k | €3k | €4k | ▲ 3.0% |
| Gross operating margin9900 | €6k | €10k | €8k | €10k | €10k | = |
| Operating profit (loss)9901 | €3k | €6k | €5k | €6k | €6k | ▼ 1.7% |
| Financial income75/76B | €94 | €38 | - | €3k | €2k | ▼ 53.0% |
| Recurring financial income75 | €94 | €38 | - | €3k | €2k | ▼ 53.0% |
| Financial charges65/66B | €8 | - | - | - | - | - |
| Recurring financial charges65 | €8 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €3k | €7k | €5k | €9k | €7k | ▼ 19.4% |
| Income taxes67/77 | - | €3k | €1k | €2k | €2k | ▼ 15.7% |
| Profit (loss) for the period9904 | €3k | €4k | €4k | €7k | €5k | ▼ 20.6% |
| Profit (loss) for the period to be appropriated9905 | €3k | €4k | €4k | €7k | €5k | ▼ 20.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112k | €117k | €122k | €130k | €136k | ▲ 4.7% |
| Fixed assets21/28 | €35k | €35k | €35k | €35k | €35k | = |
| Tangible fixed assets22/27 | €22k | €22k | €22k | €22k | €22k | = |
| Land and buildings22 | €22k | €22k | €22k | €22k | €22k | = |
| Financial fixed assets28 | €12k | €12k | €12k | €12k | €12k | = |
| Current assets29/58 | €78k | €82k | €87k | €95k | €102k | ▲ 6.4% |
| Amounts receivable within one year40/41 | €78k | €79k | €87k | €95k | €101k | ▲ 5.7% |
| Trade receivables40 | €3k | - | - | €4k | €8k | ▲ 94.6% |
| Other amounts receivable41 | €75k | €79k | €87k | €91k | €93k | ▲ 1.7% |
| Deferred charges and accrued income490/1 | - | €3k | - | - | €700 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112k | €117k | €122k | €130k | €136k | ▲ 4.7% |
| Equity10/15 | €112k | €116k | €119k | €126k | €132k | ▲ 4.3% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €45k | €48k | €52k | €59k | €64k | ▲ 9.3% |
| Amounts payable17/49 | - | €850 | €2k | €4k | €4k | ▲ 18.9% |
| Amounts payable within one year42/48 | - | €850 | €2k | €4k | €4k | ▲ 18.9% |
| Trade debts44 | - | €600 | €566 | - | - | - |
| Suppliers440/4 | - | €600 | €566 | - | - | - |
| Taxes, remuneration and social security45 | - | €250 | €2k | €4k | €4k | ▲ 18.9% |
| Taxes450/3 | - | €250 | €2k | €4k | €4k | ▲ 18.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €4k | €4k | €7k | €5k | ▼ 20.6% |
| Operating cash flow (approximation) | €3k | €4k | €4k | €7k | €5k | ▼ 20.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €7k ▲84.9%
Net result €7k, the highest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
2019
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Aalter · 1 establishment unit since 1989
Ground area
7,687 m²
Building footprint
7 m²
Parcel 44001B0022/00E000, Flanders. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Nijverheidslaan 1, 9880 Aalter
since 19892.046.404.743
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001B0022/00E000 | Flanders | 7,687 m² | 1 · 7 m² | - |
Linked by address, not proof of ownership
Good to know
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
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EDB REAL ESTATE
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SEBIMO
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FRADO
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MOCKELS
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Sankt Vith · Eq €131,281
Of 12,041 companies in sector 68203 we hold annual accounts for 5,994. 3,995 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-03-1989
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.