NO2CO2
NO2CO2 is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.56M and a net result of €319k. Equity is growing by ~39.4% per year across the filed fiscal years. Its solvency ranks better than 43% of 216 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €4.56M |
| Net result | €319k |
| Better than sector | 43% |
| Active | 5 yrs |
Strong profile, led by stability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 47.9% | 55.4% | |
| Net result | €319k | €65k | |
| Equity | €4.56M | €3.31M | |
| Total assets | €9.53M | €6.77M |
| Fiscal year | 2025 |
|---|---|
| Deposit | volledig |
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €319k |
| Cash flow | n/a |
| Staff costs | - |
| Income taxes | €0 |
| Dividends | - |
| Total assets | €9.53M |
| Equity | €4.56M |
| Debt | €4.96M |
| of which ≤ 1y | €1.56M |
| of which > 1y | €3.39M |
| Working capital | n/a |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | 47.9% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | 3.4% |
| ROE | 7.0% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €9.53M |
| Fixed assets | 21/28 | €9.35M |
| Financial fixed assets | 28 | €9.35M |
| Current assets | 29/58 | €175k |
| Stocks & contracts in progress | 3 | €0 |
| Amounts receivable within one year | 40/41 | €92k |
| Cash & bank | 54/58 | €83k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €9.53M |
| Equity | 10/15 | €4.56M |
| Contributions / capital | 10/11 | €2.49M |
| Reserves | 13 | €2.08M |
| Amounts payable | 17/49 | €4.96M |
| Amounts payable after one year | 17 | €3.39M |
| Amounts payable within one year | 42/48 | €1.56M |
| Trade debts payable within one year | 44 | €53k |
| Income statement | ||
| Turnover | 70 | €213k |
| Operating result | 9901 | €-27k |
| Financial income | 75 | €425k |
| Financial charges | 65 | €79k |
| Result before taxes | 9903 | €319k |
| Income taxes | 67/77 | €0 |
| Net result for the period | 9904 | €319k |
| Result to be appropriated | 9905 | €319k |
-
Wim BORGERSDirectorState Gazette act 25111439 (03-09-2025)Current30-06-2025 → present
| NACE primary | Activiteiten van holdings(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 02-02-2021 |
| Status | Active |
| Postal code | 9830 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0246/00F000 | Flanders | 7,043 m² | 1 · 1,509 m² | 13.4 m · 1 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
29-09-2025 Finvision Bedrijfsrevisoren appointed as statutory auditor
- Finvision Bedrijfsrevisoren, Commissaris
Technical details
{
"events": [
{
"kind": "commissaris_in",
"role": "commissaris",
"person": {
"rrn": null,
"name": "Finvision Bedrijfsrevisoren",
"address": "1731 Zellik, Zuiderlaan 14/12",
"birth_date": null,
"profession": "Bedrijfsrevisoren",
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2025-09-19",
"evidence_quote": "De bijzondere algemene vergadering van 27/06/2025 heeft beslist als commissaris te benoemen: Finvision Bedrijfsrevisoren BV, 1731 Zellik, Zuiderlaan 14/12 (BE0849.882.722), met als vaste vertegenwoordiger Stijn Verhoeven.",
"decharge_status": null,
"mandate_duration": {
"kind": "n_years",
"value": 4
},
"rep_rotation_new_rep": "Stijn Verhoeven",
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-09-29",
"filing_date": "2025-09-19",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2025-06-27",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0762.798.496",
"name_full": "NO2CO2",
"legal_form": "BESLOTEN VENNOOTSCHAP"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Johan Collaert",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}03-09-2025 4 directors appointed
- Wim BORGERS, Bestuurder
- Julie Vanermen, Gedelegeerd bestuurder
- Jan-Dante Dumon, Gedelegeerd bestuurder
- Louis Clarys, Gedelegeerd bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Wim BORGERS",
"address": "Steenstraat 15, 3560 Lummen",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2025-06-30",
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "delegation_dagelijks_bestuur_in",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "Julie Vanermen",
"address": "Kortrijksesteenweg 1168 bus 0101, 9051 Sint-Denijs Westrem",
"birth_date": null,
"profession": "advocaat",
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2025-06-30",
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "delegation_dagelijks_bestuur_in",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "Jan-Dante Dumon",
"address": "Kortrijksesteenweg 1168 bus 0101, 9051 Sint-Denijs Westrem",
"birth_date": null,
"profession": "advocaat",
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2025-06-30",
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "delegation_dagelijks_bestuur_in",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "Louis Clarys",
"address": "Kortrijksesteenweg 1168 bus 0101, 9051 Sint-Denijs Westrem",
"birth_date": null,
"profession": "advocaat",
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2025-06-30",
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-09-03",
"filing_date": "2025-06-30",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "enig_aandeelhouder_schriftelijk",
"date": "2025-06-30",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0762.798.496",
"name_full": "NO2CO2",
"legal_form": "BV"
},
"publication_proxy": {
"kind": null,
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}09-07-2025 Capital increase of €1,296,323 to €1,296,323
- €0 → €1.296.323
- Inbreng in geld · Apport en numéraire
Technical details
{
"events": [
{
"kind": "capital_increase",
"after_eur": 1296323.0,
"delta_eur": 1296323.0,
"before_eur": 0.0,
"_arith_derived": "before",
"share_emission": {
"agio_eur": 0.0,
"share_form": null,
"share_class": null,
"n_new_shares": 150343,
"with_new_shares": true,
"nominal_value_eur": null,
"issue_price_per_share_eur": 8.62
},
"decrease_purpose": null,
"contribution_type": "geld",
"paid_up_delta_eur": 0.0,
"n_shares_destroyed": null,
"not_yet_called_eur": 1296323.0,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": null
}
],
"notary": {
"name": "Stijn RAES",
"firm_city": null,
"firm_name": null,
"office_city": "Gent",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-07-09",
"filing_date": "2025-07-07",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"act_date": "2025-06-17",
"unanimous": null,
"under_authorized_capital": false,
"underlying_resolution_date": null
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0762.798.496",
"name_full": "NO2CO2",
"legal_form": "B.V.",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"uitgifte van het proces-verbaal",
"negen (9) volmachten",
"de geco\u00F6rdineerde statuten"
],
"shareholders_after": [],
"share_classes_after": []
}25-10-2023 Registered office moved from Gent to Sint-Martens-Latem
- Schoonzichtstraat 23E, 9051 Gent, België → Kortrijksesteenweg 48 bus 5, 9830 Sint-Martens-Latem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_administratif",
"new_address": {
"raw": "Kortrijksesteenweg 48 bus 5, 9830 Sint-Martens-Latem",
"city": "Sint-Martens-Latem",
"region": "vlaams_gewest",
"street": "Kortrijksesteenweg",
"country": "BE",
"postcode": "9830",
"box_number": "5",
"street_number": "48",
"locality_suffix": null
},
"old_address": {
"raw": "Schoonzichtstraat 23E, 9051 Gent, Belgi\u00EB",
"city": "Gent",
"region": "vlaams_gewest",
"street": "Schoonzichtstraat",
"country": "BE",
"postcode": "9051",
"box_number": null,
"street_number": "23E",
"locality_suffix": null
},
"effective_date": "2023-09",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": true
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-10-25",
"filing_date": "2023-10-13",
"act_kind_objet": "Zetelverplaatsing"
},
"decision": {
"body": "enige_bestuurder",
"date": "2023-09-05",
"unanimous": null
},
"subject_company": {
"kbo": "0762.798.496",
"name_full": "NO2CO2",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | NO2CO2 |