NO DOUBT
ActiveSummary
NO DOUBT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €45k and a net result of €191. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 23% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+7
Solvency28▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 0.4 in 2023; short-term debt: 20.2% and cash: 0.6% of total assets), and 96.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 15865 sector peers (2024).
NBB · sector comparisonPosition among 15865 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
68 d late
2022
150 d late
2021
214 d late
2020
152 d late
2019
118 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€45k▲ 0.4%
2023 · €45k
2018: €15klowest in 7 years
2019: €24k▲ +65.6% vs 2018
2020: €34k▲ +37.6% vs 2019
2021: €45k▲ +34.5% vs 2020highest in 7 years
2022: €45k▼ -1.3% vs 2021
2023: €45k▲ +0.6% vs 2022
2024: €45k▲ +0.4% vs 2023
2018 → 2024
Total assets
€1.42M▲ 93.7%
2023 · €734k
2018: €290klowest in 7 years
2019: €339k▲ +17.0% vs 2018
2020: €499k▲ +47.1% vs 2019
2021: €529k▲ +6.2% vs 2020
2022: €693k▲ +30.9% vs 2021
2023: €734k▲ +5.9% vs 2022
2024: €1.42M▲ +93.7% vs 2023highest in 7 years
2018 → 2024
Net result
€191▼ 85.9%
2023 · €1k
2018: €325
2019: €10k▲ +2886% vs 2018
2020: €9k▼ -5.0% vs 2019
2021: €12k▲ +26.1% vs 2020highest in 7 years
2022: €-571▼ -105% vs 2021lowest in 7 years
2023: €1k▲ +338% vs 2022
2024: €191▼ -85.9% vs 2023
2018 → 2024
Working capital
€43k
2023 · €-178k
2018: €-44k
2019: €-5k▲ +88.0% vs 2018
2020: €-6k▼ -8.8% vs 2019
2021: €-28k▼ -375% vs 2020
2022: €-63k▼ -127% vs 2021
2023: €-178k▼ -183% vs 2022lowest in 7 years
2024: €43k▲ +124% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€34k-€45k▲ 34.5%€45k▼ 1.3%€45k▲ 0.6%€45k▲ 0.4%
2020: €34klowest in 5 years
2021: €45k▲ +34.5% vs 2020highest in 5 years
2022: €45k▼ -1.3% vs 2021
2023: €45k▲ +0.6% vs 2022
2024: €45k▲ +0.4% vs 2023
Operating result€29k-€30k▲ 4.4%€27k▼ 11.7%€20k▼ 25.8%€32k▲ 63.1%
2020: €29k
2021: €30k▲ +4.4% vs 2020
2022: €27k▼ -11.7% vs 2021
2023: €20k▼ -25.8% vs 2022lowest in 5 years
2024: €32k▲ +63.1% vs 2023highest in 5 years
Net result€9k-€12k▲ 26.1%€-571€1k€191▼ 85.9%
2020: €9k
2021: €12k▲ +26.1% vs 2020highest in 5 years
2022: €-571▼ -105% vs 2021lowest in 5 years
2023: €1k▲ +338% vs 2022
2024: €191▼ -85.9% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 63% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.42M
Fixed assets
€1.09M ▲ 77.0%
Current assets
€331k ▲ 181%
Equity and liabilities €1.42M
Equity
€45k ▲ 0.4%
Provisions
€9k ▼ 5.2%
Debt
€1.37M ▲ 101%
Debt's share of the balance-sheet total rises from 92.5% to 96.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€181k▲
2023 · €78k
Cash flow
€149k▲
2023 · €59k
Current ratio
1.15▲
2023 · 0.40
Quick ratio
1.09▲
2023 · 0.40
Debt to equity
30.27▲
2023 · 15.10
ROE
0.4%▼
2023 · 3.0%
ROA
0.0%▼
2023 · 0.2%
Interest coverage
6.78▲
2023 · 5.17
Debt ≤ 1 year
€288k▼
2023 · €295k
Debt > 1 year
€1.08M▲
2023 · €384k
Income taxes
€6k▲
2023 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€734k€1.42M▲
Fixed assets21/28€616k€1.09M▲
Tangible fixed assets22/27€615k€1.09M▲
Land and buildings22€530k€1.07M▲
Plant, machinery and equipment23€18k€14k▼
Furniture and vehicles24€67k€9k▼
Financial fixed assets28€960€960=
Current assets29/58€118k€331k▲
Stocks and contracts in progress3-€16k
Stocks30/36-€16k
Amounts receivable within one year40/41€78k€232k▲
Trade receivables40€78k€232k▲
Other amounts receivable41€277€441▲
Cash at bank and in hand54/58€28k€8k▼
Deferred charges and accrued income490/1€11k€74k▲
Equity and liabilities
Total equity and liabilities10/49€734k€1.42M▲
Equity10/15€45k€45k▲
Contributions10/11€56k€56k=
Reserves13€17k€16k▼
Tax-exempt reserves132€17k€16k▼
Profit (loss) carried forward14€-28k€-27k▲
Provisions and deferred taxes16€10k€9k▼
Deferred taxes168€10k€9k▼
Amounts payable17/49€679k€1.37M▲
Amounts payable after more than one year17€384k€1.08M▲
Financial debts170/4€384k€1.08M▲
Amounts payable within one year42/48€295k€288k▼
Current portion of amounts payable after more than one year42€45k€38k▼
Trade debts44€192k€125k▼
Suppliers440/4€192k€125k▼
Taxes, remuneration and social security45€36k€25k▼
Taxes450/3€34k€25k▼
Remuneration and social security454/9€2k-
Other amounts payable47/48€22k€99k▲
Accrued charges and deferred income492/3€152-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€149k▲
Other operating charges640/8€17k€13k▼
Gross operating margin9900€95k€194k▲
Operating profit (loss)9901€20k€32k▲
Financial income75/76B€482€26▼
Recurring financial income75€482€26▼
Financial charges65/66B€15k€27k▲
Recurring financial charges65€15k€27k▲
Profit (loss) for the period before taxes9903€5k€6k▲
Transfer from deferred taxes780€2k€516▼
Income taxes67/77€6k€6k▲
Profit (loss) for the period9904€1k€191▼
Transfer from tax-exempt reserves789-€1k
Profit (loss) for the period to be appropriated9905€1k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€-27k▲
Profit (loss) brought forward from the previous period14P€-30k€-28k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €36k | €9k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53k | €40k | €33k | €58k | €149k | ▲ 157% |
| Other operating charges640/8 | - | €3k | €4k | €17k | €13k | ▼ 26.8% |
| Gross operating margin9900 | €85k | €74k | €64k | €95k | €194k | ▲ 104% |
| Operating profit (loss)9901 | €29k | €30k | €27k | €20k | €32k | ▲ 63.1% |
| Financial income75/76B | - | - | €146 | €482 | €26 | ▼ 94.7% |
| Recurring financial income75 | €36 | - | €146 | €482 | €26 | ▼ 94.7% |
| Financial charges65/66B | - | €11k | €15k | €15k | €27k | ▲ 77.6% |
| Recurring financial charges65 | €8k | €11k | €15k | €15k | €27k | ▲ 77.6% |
| Profit (loss) for the period before taxes9903 | €21k | €20k | €12k | €5k | €6k | ▲ 7.5% |
| Transfer from deferred taxes780 | - | €516 | €516 | €2k | €516 | ▼ 68.1% |
| Income taxes67/77 | €12k | €8k | €13k | €6k | €6k | ▲ 8.3% |
| Profit (loss) for the period9904 | €9k | €12k | €-571 | €1k | €191 | ▼ 85.9% |
| Transfer from tax-exempt reserves789 | - | €1k | €1k | - | €1k | - |
| Profit (loss) for the period to be appropriated9905 | €10k | €13k | €530 | €1k | €1k | ▼ 4.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €499k | €529k | €693k | €734k | €1.42M | ▲ 93.7% |
| Fixed assets21/28 | €379k | €371k | €617k | €616k | €1.09M | ▲ 77.0% |
| Tangible fixed assets22/27 | €378k | €370k | €617k | €615k | €1.09M | ▲ 77.2% |
| Land and buildings22 | - | €360k | €610k | €530k | €1.07M | ▲ 102% |
| Plant, machinery and equipment23 | - | €2k | €1k | €18k | €14k | ▼ 24.0% |
| Furniture and vehicles24 | - | €8k | €5k | €67k | €9k | ▼ 87.0% |
| Financial fixed assets28 | €960 | €960 | €960 | €960 | €960 | = |
| Current assets29/58 | €120k | €159k | €76k | €118k | €331k | ▲ 181% |
| Stocks and contracts in progress3 | - | - | - | - | €16k | - |
| Stocks30/36 | - | - | - | - | €16k | - |
| Amounts receivable within one year40/41 | €54k | €47k | €41k | €78k | €232k | ▲ 196% |
| Trade receivables40 | - | €47k | €40k | €78k | €232k | ▲ 196% |
| Other amounts receivable41 | - | €192 | €192 | €277 | €441 | ▲ 59.2% |
| Cash at bank and in hand54/58 | €47k | €49k | €30k | €28k | €8k | ▼ 69.8% |
| Deferred charges and accrued income490/1 | - | €62k | €5k | €11k | €74k | ▲ 577% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €499k | €529k | €693k | €734k | €1.42M | ▲ 93.7% |
| Equity10/15 | €34k | €45k | €45k | €45k | €45k | ▲ 0.4% |
| Contributions10/11 | - | €56k | €56k | €56k | €56k | = |
| Reserves13 | €20k | €19k | €18k | €17k | €16k | ▼ 6.4% |
| Tax-exempt reserves132 | - | €19k | €18k | €17k | €16k | ▼ 6.4% |
| Profit (loss) carried forward14 | €-43k | €-30k | €-30k | €-28k | €-27k | ▲ 4.6% |
| Provisions and deferred taxes16 | €11k | €11k | €10k | €10k | €9k | ▼ 5.2% |
| Deferred taxes168 | - | €11k | €10k | €10k | €9k | ▼ 5.2% |
| Amounts payable17/49 | €454k | €473k | €638k | €679k | €1.37M | ▲ 101% |
| Amounts payable after more than one year17 | €311k | €287k | €500k | €384k | €1.08M | ▲ 181% |
| Financial debts170/4 | - | €287k | €500k | €384k | €1.08M | ▲ 181% |
| Amounts payable within one year42/48 | €125k | €186k | €138k | €295k | €288k | ▼ 2.5% |
| Current portion of amounts payable after more than one year42 | - | €24k | €33k | €45k | €38k | ▼ 15.3% |
| Trade debts44 | €46k | €140k | €18k | €192k | €125k | ▼ 34.9% |
| Suppliers440/4 | - | €140k | €18k | €192k | €125k | ▼ 34.9% |
| Taxes, remuneration and social security45 | - | €22k | €25k | €36k | €25k | ▼ 29.1% |
| Taxes450/3 | - | €22k | €25k | €34k | €25k | ▼ 24.4% |
| Remuneration and social security454/9 | - | - | - | €2k | - | - |
| Other amounts payable47/48 | - | - | €63k | €22k | €99k | ▲ 345% |
| Accrued charges and deferred income492/3 | - | - | €151 | €152 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €12k | €-571 | €1k | €191 | ▼ 85.9% |
| + Depreciation and write-downs630 | €53k | €40k | €33k | €58k | €149k | ▲ 157% |
| Operating cash flow (approximation) | €62k | €52k | €33k | €59k | €149k | ▲ 151% |
| Investment in fixed assets (approximation) | - | €-32k | €-280k | €-57k | €-624k | ▼ 996% |
| Change in cash | - | €2k | €-19k | €-2k | €-20k | ▼ 829% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 1.15
Current ratio from 0.40 to 1.15; short-term debt falls from €295k to €288k.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 150 days late
02-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 214 days late
2022
31-12
Financial
Weakest financial yearnet €-571
Net result drops to €-571, the lowest in the series; recovery starts the following year.
2021
31-12
Financial
Highest result since 2018net €12k ▲26.1%
Net result €12k, the highest in the series.
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 152 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 125 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 122 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 122 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Merelbeke-Melle · 1 establishment unit since 2025
Ground area
427 m²
Building footprint
134 m²
Parcel 44043A0202/00F004, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Vigne Nore
since 20252.370.927.052
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0202/00F004 | Flanders | 427 m² | 1 · 134 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 471 EUR awarded · 471 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 471 EUR | 471 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteMerelbeke-Melle2.370.927.052
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Of 1,049 companies in sector 46341 we hold annual accounts for 535. 362 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded02-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
46341Wholesale of wines and spirits
47251Retail sale of wines and spirits
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.