No-Ci
ActiveThe computed 12-month bankruptcy probability of No-Ci is 1.6% (moderate). The 2025 annual accounts show equity of €77k and a net result of €36k. Equity is growing by ~38.8% per year across the filed fiscal years. Its solvency ranks better than 73% of 18035 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency99▼-1
Growth78=
Stability94
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.3 against 6.54 in 2024), and 37.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
62.2%
Return on assets
29.6%
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 21-04-2026, 101 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
101 d early
2024
31 d early
2023
33 d early
2022
7 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€77k▲ 7.7%
2024 · €71k
2022: €30k
2023: €42k
2024: €71k
2022 → 2025
Total assets
€123k▲ 52.2%
2024 · €81k
2022: €54k
2023: €61k
2024: €81k
2022 → 2025
Net result
€36k▲ 18.3%
2024 · €31k
2022: €28k
2023: €14k
2024: €31k
2022 → 2025
Working capital
€61k▲ 12.0%
2024 · €54k
2022: €19k
2023: €23k
2024: €54k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€30k-€42k▲ 40.6%€71k▲ 69.5%€77k▲ 7.7%
Operating result€41k-€22k▼ 46.4%€42k▲ 93.9%€50k▲ 18.9%
Net result€28k-€14k▼ 51.8%€31k▲ 125%€36k▲ 18.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 19% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123k
Fixed assets
€16k▼ 5.1%
Current assets
€107k▲ 67.6%
Equity and liabilities €123k
Equity
€77k▲ 7.7%
Debt
€47k▲ 374%
The debt ratio rises from 12.1% to 37.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€54k▲
2024 · €46k
Cash flow
€40k▲
2024 · €34k
Solvency
62.2%▼
2024 · 87.9%
Current ratio
2.30▼
2024 · 6.54
Quick ratio
2.30▼
2024 · 6.45
Debt / equity
0.61▲
2024 · 0.14
ROE
47.6%▲
2024 · 43.3%
ROA
29.6%▼
2024 · 38.1%
Interest coverage
413.77▼
2024 · 515.55
Debt
€47k▲
2024 · €10k
Debt ≤ 1 year
€46k▲
2024 · €10k
Income taxes
€14k▲
2024 · €11k
Staff costs
€0▼
2024 · €150
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€81k€123k▲
Fixed assets21/28€17k€16k▼
Tangible fixed assets22/27€17k€16k▼
Plant, machinery and equipment23€1k€876▼
Furniture and vehicles24€13k€12k▼
Other tangible fixed assets26€3k€3k▼
Financial fixed assets28-€135
Current assets29/58€64k€107k▲
Stocks and contracts in progress3€832€274▼
Stocks30/36€832€274▼
Amounts receivable within one year40/41€13k€4k▼
Trade receivables40€11k€3k▼
Other amounts receivable41€2k€123▼
Current investments50/53€20k€20k=
Cash at bank and in hand54/58€28k€81k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€81k€123k▲
Equity10/15€71k€77k▲
Contributions10/11€3k€3k=
Reserves13€68k€74k▲
Distributable reserves133€68k€74k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€10k€47k▲
Amounts payable within one year42/48€10k€46k▲
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€6k€13k▲
Taxes450/3€6k€13k▲
Other amounts payable47/48€2k€28k▲
Accrued charges and deferred income492/3€76€168▲
Income statement
Code20242025
Remuneration, social security and pensions62€150€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€47k€56k▲
Operating profit (loss)9901€42k€50k▲
Financial income75/76B€256€697▲
Recurring financial income75€256€697▲
Financial charges65/66B€88€130▲
Recurring financial charges65€88€130▲
Profit (loss) for the period before taxes9903€42k€51k▲
Income taxes67/77€11k€14k▲
Profit (loss) for the period9904€31k€36k▲
Profit (loss) for the period to be appropriated9905€31k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€36k▲
Transfer from equity791/2-€29k
Transfer to equity691/2€29k€35k▲
To other reserves6921€29k€35k▲
Profit to be distributed694/7€2k€31k▲
Return on contributions (dividend)694€2k€31k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €36k ▲18.3%
Operating result €50k, net result €36k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 6.54
Current ratio from 2.21 to 6.54; short-term debt falls from €19k to €10k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €14k ▼51.8%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Sint-Niklaas · 1 establishment unit since 2022
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.
Leebrugstraat 309112 Sint-NiklaasGround area
1,739 m²
Building footprint
195 m²
Volume, LiDAR
735 m³
Parcel 46019D1380/00E000, Flanders · tallest building 10.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
No-Ci
since 20222.327.418.889
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46019D1380/00E000 | Flanders | 1,739 m² | 1 · 195 m² | 10.6 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 519 EUR awarded · 519 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 281 EUR | 281 EUR |
| 2024 | 1 | 155 EUR | 155 EUR |
| 2022 | 1 | 83 EUR | 83 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
PHARMACIE DUVAL
BE 0885.923.071
Verviers · Eq €77k
DM-Pharma
BE 0760.881.856
Ninove · Eq €77k
PHARMACIE THAUVIN
BE 0693.816.452
Ciney · Eq €77k
APOTHEEK MEES SINT-TRUIDEN
BE 0439.019.228
Sint-Truiden · Eq €76k
APR. GEERTS CHARLOTTE
BE 0822.177.245
Puurs-Sint-Amands · Eq €76k
Of 5,224 companies in sector 47730 we hold annual accounts for 3,864. 3,218 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2021
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
45112
45192
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
45310
46180Agents specialised in the wholesale of other particular products
46720Wholesale of motor vehicle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.