NO.M
ActiveSummary
NO.M has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.1m and a net result of -€287,177. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 95% of 8871 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800,000 at 30 days acceptable
Liquidity ample (current ratio 7.44 against 11.41 in 2024; short-term debt: 0.7% and cash: 4% of total assets), and 0.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
99.3%
Return on assets
-2.8%
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
76 d early
2023
26 d early
2022
31 d late
2021
1 d late
2020
124 d early
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 6 July (4 of the last 5 filed years within 51 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€10.1m▼ 2.8%
2024 · €10.4m
Total assets
€10.1m▼ 2.5%
2024 · €10.4m
Net result
-€287,177
2024 · €93,253
Working capital
€426,511▲ 12.7%
2024 · €378,340
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€0.5m▼ 66.2%-€0.5m▲ 6.1%-€0.4m▲ 27.4%€0.09m-€0.3m
Net result-€0.5mbelow the sector's middle half▼ 31.1%-€0.5mbelow the sector's middle half▲ 5.9%-€0.4mbelow the sector's middle half▲ 27.3%€0.09mwithin the sector's middle half-€0.3mbelow the sector's middle half
Equity€11.2mabove the sector's middle half▼ 4.7%€10.6mabove the sector's middle half▼ 4.6%€10.3mabove the sector's middle half▼ 3.5%€10.4mabove the sector's middle half▲ 0.9%€10.1mabove the sector's middle half▼ 2.8%
Total assets€11.4mabove the sector's middle half▼ 5.4%€10.9mabove the sector's middle half▼ 4.7%€10.5mabove the sector's middle half▼ 3.7%€10.4mabove the sector's middle half▼ 0.8%€10.1mabove the sector's middle half▼ 2.5%
Debt€0.3m▼ 28.4%€0.2m▼ 7.4%€0.2m▼ 10.7%€0.04m▼ 83.2%€0.07m▲ 82.3%
Working capital-€0.1mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 90.1%-€0.1mbelow the sector's middle half▲ 28.5%€0.4mwithin the sector's middle half€0.4mabove the sector's middle half▲ 12.7%
Solvency97.7%above the sector's middle half▲ 0.7pp97.8%above the sector's middle half▲ 0.1pp97.9%above the sector's middle half▲ 0.2pp99.7%above the sector's middle half▲ 1.7pp99.3%above the sector's middle half▼ 0.3pp
Current ratio0.59within the sector's middle half▼ 0.690.16below the sector's middle half▼ 0.430.33below the sector's middle half▲ 0.1711.41above the sector's middle half▲ 11.097.44above the sector's middle half▼ 3.97
Return on assets (ROA)-4.8%below the sector's middle half▼ 1.3pp-4.7%below the sector's middle half▲ 0.1pp-3.6%below the sector's middle half▲ 1.2pp0.9%within the sector's middle half▲ 4.5pp-2.8%below the sector's middle half▼ 3.7pp
Staff (FTE)0.3below the sector's middle half1within the sector's middle half▲ 233%1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €282,146 after €94,264 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.1m
Fixed assets
€9.6m ▼ 3.4%
Current assets
€492,729 ▲ 18.8%
Equity and liabilities €10.1m
Equity
€10.1m ▼ 2.8%
Debt
€66,217 ▲ 82.3%
Debt's share of the balance-sheet total rises from 0.3% to 0.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€105,075▼
2024 · €484,010
Cash flow
€100,044▼
2024 · €483,000
Debt to equity
0.01▲
2024 · 0.00
ROE
-2.9%▼
2024 · 0.9%
Interest coverage
31.17▼
2024 · 1136.47
Debt ≤ 1 year
€66,217▲
2024 · €36,331
Income taxes
€1,660▼
2024 · €2,076
Staff costs
€56,562▲
2024 · €53,608
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €443,239 | €31,000 | ▼ 93.0% |
| Remuneration, social security and pensions62 | €13,944 | €47,065 | €63,211 | €53,608 | €56,562 | ▲ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €430,080 | €431,273 | €430,711 | €389,747 | €387,221 | ▼ 0.6% |
| Other operating charges640/8 | €35,422 | €15,606 | €16,025 | €18,049 | €34,852 | ▲ 93.1% |
| Non-recurring operating charges66A | €16,028 | €0 | - | - | - | - |
| Gross operating margin9900 | -€47,447 | -€15,922 | €139,719 | €555,668 | €196,489 | ▼ 64.6% |
| Operating profit (loss)9901 | -€542,922 | -€509,866 | -€370,228 | €94,264 | -€282,146 | ▼ 399% |
| Financial income75/76B | €0 | - | - | €1,492 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | - | - | €1,492 | €0 | ▼ 100% |
| Financial charges65/66B | €247 | €972 | €449 | €426 | €3,371 | ▲ 692% |
| Recurring financial charges65 | €247 | €972 | €449 | €426 | €3,371 | ▲ 692% |
| Profit (loss) for the period before taxes9903 | -€543,169 | -€510,839 | -€370,677 | €95,329 | -€285,517 | ▼ 400% |
| Income taxes67/77 | €2,413 | €2,297 | €2,202 | €2,076 | €1,660 | ▼ 20.0% |
| Profit (loss) for the period9904 | -€545,582 | -€513,136 | -€372,880 | €93,253 | -€287,177 | ▼ 408% |
| Profit (loss) for the period to be appropriated9905 | -€545,582 | -€513,136 | -€372,880 | €93,253 | -€287,177 | ▼ 408% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.4m | €10.9m | €10.5m | €10.4m | €10.1m | ▼ 2.5% |
| Fixed assets21/28 | €11.3m | €10.8m | €10.4m | €10.0m | €9.6m | ▼ 3.4% |
| Tangible fixed assets22/27 | €11.3m | €10.8m | €10.4m | €10.0m | €9.6m | ▼ 3.4% |
| Land and buildings22 | €11.2m | €10.8m | €10.4m | €10.0m | €9.6m | ▼ 3.5% |
| Plant, machinery and equipment23 | - | - | - | €0.003m | €0.02m | ▲ 646% |
| Furniture and vehicles24 | €0.09m | €0.05m | €0.007m | €0.001m | €0.001m | ▼ 41.5% |
| Financial fixed assets28 | €0.001m | €250 | €250 | €450 | €450 | = |
| Current assets29/58 | €0.2m | €0.04m | €0.07m | €0.4m | €0.5m | ▲ 18.8% |
| Amounts receivable within one year40/41 | €0.005m | €0.03m | €0.002m | €0.002m | €0.05m | ▲ 2,211% |
| Trade receivables40 | €0.001m | €0.02m | €0 | - | €0.006m | - |
| Other amounts receivable41 | €0.004m | €0.002m | €0.002m | €0.002m | €0.05m | ▲ 1,954% |
| Current investments50/53 | €0.02m | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €0.1m | €0.01m | €0.07m | €0.4m | €0.4m | ▼ 2.4% |
| Deferred charges and accrued income490/1 | €0.002m | €0.003m | €0.003m | €0.002m | €0.04m | ▲ 1,765% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.4m | €10.9m | €10.5m | €10.4m | €10.1m | ▼ 2.5% |
| Equity10/15 | €11.2m | €10.6m | €10.3m | €10.4m | €10.1m | ▼ 2.8% |
| Contributions10/11 | €16.6m | €16.6m | €16.6m | €16.6m | €16.6m | = |
| Profit (loss) carried forward14 | -€5.4m | -€5.9m | -€6.3m | -€6.2m | -€6.5m | ▼ 4.6% |
| Amounts payable17/49 | €0.3m | €0.2m | €0.2m | €0.04m | €0.07m | ▲ 82.3% |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.2m | €0.04m | €0.07m | ▲ 82.3% |
| Financial debts43 | - | - | €0.003m | €0 | - | - |
| Credit institutions430/8 | - | - | €0.003m | €0 | - | - |
| Trade debts44 | €0.01m | €0.005m | €0.007m | €0.01m | €0.03m | ▲ 224% |
| Suppliers440/4 | €0.01m | €0.005m | €0.007m | €0.01m | €0.03m | ▲ 224% |
| Taxes, remuneration and social security45 | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | ▲ 27.0% |
| Taxes450/3 | €0.02m | €0.01m | €0.007m | €0.02m | €0.03m | ▲ 52.7% |
| Remuneration and social security454/9 | €0.002m | €0.005m | €0.01m | €0.006m | €0.003m | ▼ 52.4% |
| Other amounts payable47/48 | €0.2m | €0.2m | €0.2m | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€545,582 | -€513,136 | -€372,880 | €93,253 | -€287,177 | ▼ 408% |
| + Depreciation and write-downs630 | €430,080 | €431,273 | €430,711 | €389,747 | €387,221 | ▼ 0.6% |
| Operating cash flow (approximation) | -€115,501 | -€81,862 | €57,831 | €483,000 | €100,044 | ▼ 79.3% |
| Investment in fixed assets (approximation) | - | -€14,469 | €0 | €40,713 | -€51,873 | ▼ 227% |
| Change in cash | - | -€117,836 | €56,175 | €344,080 | -€9,820 | ▼ 103% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €93,253
Net result €93,253 after 6 loss-making years.
31-12
Financial
Liquidity times 35current ratio 11.41
Current ratio from 0.33 to 11.41; short-term debt falls from €216,459 to €36,331.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
31-12
Financial
Weakest financial yearnet -€545,582
Net result drops to -€545,582, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €10mEq €11.7m
Equity rises from -€401,176 to €11.7m.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
31-12
Financial
Liquidity times 17current ratio 222.91
Current ratio from 12.91 to 222.91; short-term debt falls from €145,441 to €9,194.
Show earlier events
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 62 days late
17-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 321 days late
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 309 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1994
Ground area
2,975 m²
Building footprint
2,664 m²
Volume, LiDAR
106,871 m³
Parcel 11808H1294/00A000, Flanders · tallest building 93.2 m, ±7 floors. Linked by address, not a title deed.
225
companies at this address
See who is registered here
1 establishment unit
NO.M
since 1994unit no. 2.064.285.803
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1294/00A000 ProtectedMonument · Townscape or village viewSite Vlaamse Opera, schermenmagazijn en hotel WagnerSource ↗ |
Flanders | 2,975 m² | 1 · 2,664 m² | 93.2 m · 7 fl. |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 ownerOwners 1
- VNLparentSourceaccounts VNL 202575.49%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 8 Gazette acts processed.
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Company details
Identification
Legal formPrivate limited company
Founded08-09-1993
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450836402
Also
9925:BE0450836402
Registered
09-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.