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N.O.E.

Active Public limited companyfounded 1989active for 37 yearsNijverheidslaan 1, 9880 AalterKBO/BCE: BE 0437.117.632 subsidiary of
Part of the group 52 companies in 12 countries
N.O.E.
Financial year 2025
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Annual accounts 2025

abbreviated format, filed on 14-07-2026, 17 days before the deadline
€9,512
unchanged
€5,988
▼ 1.7%
€5,451
▼ 20.6%
€97,163
▲ 5.9%
96.8%
▼ 0.4 percentage points
23.08
▼ 2.70

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €33,000. Estimated: probably between €13,000 and €75,000.

Balance sheet

balance sheet total €136,177 on 31-12-2025
What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

96.8%

Higher than 95% of 12,423 companies in 2025.

23.08

Higher than 95% of 11,950 companies in 2025.

4.0%

Higher than 70% of 12,326 companies in 2025.

N.O.E. Middle half of the sector 80% of the sector Abbreviated accounts in real estate (NACE 68)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009
Balance sheet: assets
20/58 136,177130,026121,572116,591112,181110,037106,853111,110116,464424,467426,762434,657428,871374,791314,130379,785318,166
21/28 34,61434,61434,61434,61434,61434,61434,61434,61434,61434,61434,61434,61434,61434,61434,61434,61434,614
22/27 22,21922,21922,21922,21922,21922,21922,21922,21922,21922,21922,21922,21922,21922,21922,21922,21922,219
22 22,21922,21922,21922,21922,21922,21922,21922,21922,21922,21922,21922,21922,21922,21922,21922,21922,219
28 12,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,395
29/58 101,56395,41186,95881,97777,56775,42372,23976,49681,849389,853392,148400,043394,257340,176279,516345,171283,552
40/41 100,86395,41186,95879,27777,56775,42372,21476,49681,849389,853392,148400,043394,25752,1769,51645,15943,405
40 8,1004,163--2,7382,700---382-7,340-----
41 92,76391,24886,95879,27774,82972,72372,21476,49681,849389,471392,148392,703394,25752,1769,51645,15943,405
50/53 -------------288,000270,000300,000240,000
490/1 700--2,700--25--------12146
Balance sheet: equity and liabilities
10/49 136,177130,026121,572116,591112,181110,037106,853111,110116,464424,467426,762434,657428,871374,791314,130379,785318,166
10/15 131,777126,326119,456115,741112,181109,112106,127110,337114,084121,467423,167426,537420,631366,450313,448363,115313,554
10/11 61,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50037,184
10 61,50061,50061,50061,50061,500------------
100 61,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50061,50037,184
13 6,1506,1506,1506,1506,1506,1506,1506,1506,1506,1506,1506,1506,1506,1506,1506,1503,718
130/1 6,1506,1506,1506,1506,1506,150-----------
130 6,1506,1506,1506,1506,1506,1506,1506,1506,1506,1506,1506,1506,1506,1506,1506,1503,718
14 64,12758,67651,80648,09144,53141,46238,47742,68746,43453,817355,517358,887352,981298,800245,798295,465272,652
17/49 4,4003,7002,116850-9257267742,380303,0003,5958,1208,2418,34068216,6714,611
42/48 4,4003,7002,116850-9257267742,380303,0003,5958,1208,2418,28562116,6124,611
43 ---------------36
430/8 ---------------36
44 --566600-9257267742,380-3,595-1213856212,599605
440/4 --566600-9257267742,380-3,595-1213856212,599605
45 4,4003,7001,550250-------8,1208,1207,900-14,0094,000
450/3 4,4003,7001,550250-------8,1208,1207,900-14,0094,000
47/48 ---------303,000-------
492/3 -------------556059-
Income statement
9900 9,5129,5158,3039,5245,9275,891-1,618-1,870-6,429-1,8982,7655,34284,63783,46180,81476,64278,721
630 ----------------2,524
640/8 3,5243,4213,2873,0522,9442,9222,7421,9781,8898,6568,3881,6519,1898,9638,6898,5318,349
9901 5,9886,0945,0166,4722,9832,970-4,360-3,848-8,318-10,555-5,6223,69175,44874,49872,12468,11267,848
75/76B 1,5023,194-38941615113193511,9501,9842,2271,4611,40421,7351,4762,639
75 1,5023,194-38941615113193511,9501,9842,2271,4611,40421,7351,4762,639
65/66B ----8-130-951012-1518153
65 ----8-130-951012-1518153
9903 7,4909,2885,0166,5103,0692,985-4,210-3,747-7,3831,300-3,6495,90676,90975,90293,85469,57070,335
67/77 2,0392,4191,3002,950-------278-22,72822,90022,32120,01019,227
9904 5,4516,8693,7163,5603,0692,985-4,210-3,747-7,3831,300-3,3705,90654,18153,00271,53449,56051,108
9905 5,4516,8693,7163,5603,0692,985-4,210-3,747-7,3831,300-3,3705,90654,18153,00271,53449,56051,108
Appropriation of the result
9906 64,12758,67651,80648,09144,53141,46238,47742,68746,434356,817355,517358,887352,981298,800366,998322,212272,652
14P 58,67651,80648,09144,53141,462------------
691/2 ---------------26,748-
691 ---------------24,316-
6920 ---------------2,432-
694/7 ---------303,000----121,200--
694 ---------303,000----121,200--
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 18 older financial years (1991-2008) were filed as documents without figures as data, scans for example.

The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 14-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 14-07-2026 2026-00291480 PDF
31-12-2024 abbreviated format 10-07-2025 2025-00255112 PDF
31-12-2023 abbreviated format 10-07-2024 2024-00237043 PDF
31-12-2022 abbreviated format 12-07-2023 2023-00234490 PDF
31-12-2021 abbreviated format 11-07-2022 2022-20177301 PDF
31-12-2020 abbreviated format 12-07-2021 2021-34400544 PDF
31-12-2019 micro format 04-11-2020 2020-68000091 PDF
31-12-2018 abbreviated format 29-07-2019 2019-39900019 PDF
31-12-2017 abbreviated format 19-07-2018 2018-38200232 PDF
31-12-2016 abbreviated format 20-07-2017 2017-34900378 PDF
31-12-2015 abbreviated format 27-07-2016 2016-37100423 PDF
31-12-2014 abbreviated format 30-06-2015 2015-22900196 PDF
31-12-2013 abbreviated format 03-07-2014 2014-25500097 PDF
31-12-2012 abbreviated format 29-07-2013 2013-35400427 PDF
31-12-2011 abbreviated format 26-06-2012 2012-20600380 PDF
31-12-2010 abbreviated format 30-08-2011 2011-46000022 PDF
31-12-2009 abbreviated format 16-07-2010 2010-30600060 PDF
31-12-2008 abbreviated format 02-06-2009 2009-18300300 PDF
31-12-2007 abbreviated format 27-06-2008 2008-29500132 PDF
31-12-2006 abbreviated format 27-06-2007 2007-28500040 PDF
31-12-2005 abbreviated format 13-06-2006 2006-22600164 PDF
31-12-2004 abbreviated format 23-06-2005 2005-30400239 PDF
31-12-2003 abbreviated format 25-06-2004 2004-30600064 PDF
31-12-2002 abbreviated format 06-08-2003 2003-55400125 PDF
31-12-2001 abbreviated format 13-06-2002 2002-19700219 PDF
31-12-2000 abbreviated format 27-06-2001 2001-26500292 PDF
31-12-1999 abbreviated format 29-06-2000 2000-29800027 PDF
31-12-1998 abbreviated format 28-06-1999 1999-24200852 PDF
31-12-1997 abbreviated format 30-06-1998 1998-24803754 PDF
31-12-1996 abbreviated format 24-06-1997 1997-18801401 PDF
31-12-1995 abbreviated format 25-06-1996 1996-20904337 PDF
31-12-1994 abbreviated format 29-06-1995 1995-31403121 PDF
31-12-1993 abbreviated format 17-06-1994 1994-16300812 PDF
31-12-1992 abbreviated format 22-06-1993 1993-15504018 PDF
31-12-1991 abbreviated format 08-07-1992 1992-20203171 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009
----------------70,373
----------------53,632
97,16391,71184,84281,127-74,49871,51375,72379,46986,853388,552391,923386,017331,891278,895328,560278,940
96.8%97.2%98.3%99.3%100.0%99.2%99.3%99.3%98.0%28.6%99.2%98.1%98.1%97.8%99.8%95.6%98.6%
23.0825.7941.1096.44-81.5599.5098.8634.391.29-49.2747.8441.06-20.7861.49
0.030.030.020.01-0.010.010.010.022.490.010.020.020.020.000.050.01
4.1%5.4%3.1%3.1%2.7%2.7%-4.0%-3.4%-6.5%1.1%-0.8%1.4%12.9%14.5%22.8%13.6%16.3%
4.0%5.3%3.1%3.1%2.7%2.7%-3.9%-3.4%-6.3%0.3%-0.8%1.4%12.6%14.1%22.8%13.0%16.1%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on N.O.E.

The operating result for 2025 is 2% lower than in 2024.

Debt's share of the balance-sheet total rises from 2.8% to 3.2%. Equity and debt are higher.

Next steps

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