Noah Ba Management
ActiveNoah Ba Management has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12k and a net result of €14k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 8601 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-17
Solvency35▼-23
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.48 in 2024; short-term debt: 89.8% and cash: 0.3% of total assets), and 90.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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
9.7%
Return on assets
11.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 8601 sector peers (2025).
NBB · sector comparisonPosition among 8601 sector peers
Solvency
better than 15%
← weakest
strongest →
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 11-06-2026, 50 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
50 d early
2024
20 d early
2023
14 d early
2022
7 d early
2021
2 d early
2020
2 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€12k=
2024 · €12k
2020: €10k
2021: €12k
2022: €10k
2023: €12k
2024: €12k
2020 → 2025
Total assets
€124k▲ 235%
2024 · €37k
2020: €19k
2021: €36k
2022: €25k
2023: €23k
2024: €37k
2020 → 2025
Net result
€14k▼ 23.7%
2024 · €18k
2020: €9k
2021: €2k
2022: €-2k
2023: €8k
2024: €18k
2020 → 2025
Working capital
€13k▲ 5.6%
2024 · €12k
2020: €6k
2021: €10k
2022: €10k
2023: €12k
2024: €12k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€10k▼ 14.1%€12k▲ 16.4%€12k=€12k=
Operating result€7k-€962▼ 85.3%€11k▲ 1,016%€23k▲ 110%€17k▼ 22.9%
Net result€2k-€-2k€8k€18k▲ 118%€14k▼ 23.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €124k
Equity
€12k=
Debt
€112k▲ 348%
The debt ratio rises from 67.5% to 90.3%. Debt is higher.
Key figures and ratios
EBITDA
€18k▼
2024 · €23k
Cash flow
€14k▼
2024 · €19k
Solvency
9.7%▼
2024 · 32.5%
Current ratio
1.11▼
2024 · 1.48
Quick ratio
1.11▼
2024 · 1.48
Debt / equity
9.30▲
2024 · 2.08
ROE
115.7%▼
2024 · 151.7%
ROA
11.2%▼
2024 · 49.3%
Interest coverage
66.91▼
2024 · 86.77
Debt
€112k▲
2024 · €25k
Debt ≤ 1 year
€111k▲
2024 · €25k
Income taxes
€4k▼
2024 · €5k
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€37k€124k▲
Fixed assets21/28€264€0▼
Tangible fixed assets22/27€264€0▼
Plant, machinery and equipment23€264€0▼
Current assets29/58€37k€124k▲
Amounts receivable after more than one year29-€88k
Other amounts receivable291-€88k
Amounts receivable within one year40/41€34k€35k▲
Trade receivables40€12k€25k▲
Other amounts receivable41€22k€10k▼
Cash at bank and in hand54/58€2k€345▼
Deferred charges and accrued income490/1-€542
Equity and liabilities
Total equity and liabilities10/49€37k€124k▲
Equity10/15€12k€12k=
Contributions10/11€1k€1k=
Reserves13€11k€11k=
Distributable reserves133€11k€11k=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€25k€112k▲
Amounts payable within one year42/48€25k€111k▲
Trade debts44€654€0▼
Suppliers440/4€654€0▼
Taxes, remuneration and social security45€6k€9k▲
Taxes450/3€6k€9k▲
Other amounts payable47/48€18k€102k▲
Accrued charges and deferred income492/3€160€560▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€534€264▼
Other operating charges640/8€118€315▲
Gross operating margin9900€23k€18k▼
Operating profit (loss)9901€23k€17k▼
Financial income75/76B€1k€908▼
Recurring financial income75€1k€908▼
Financial charges65/66B€266€263▼
Recurring financial charges65€266€263▼
Profit (loss) for the period before taxes9903€23k€18k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€18k€14k▼
Profit (loss) for the period to be appropriated9905€18k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€14k▼
Profit (loss) brought forward from the previous period14P€0-
Profit to be distributed694/7€18k€14k▼
Return on contributions (dividend)694€18k€14k▼
The notes to these accounts (6 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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2020net €18k ▲118%
Operating result €23k, net result €18k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-2k ▼175%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2020
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.
Koning Albertstraat 432610 AntwerpenGround area
164 m²
Building footprint
70 m²
Volume, LiDAR
618 m³
Parcel 11462A0332/00Z011, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Noah Ba Management
since 20202.298.000.076
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11462A0332/00Z011 | Flanders | 164 m² | 1 · 70 m² | 11.7 m · 3 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.
Structure & network
Connections & network
3 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
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Of 5,691 companies in sector 70100 we hold annual accounts for 3,489. 1,284 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-2020
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
33120Repair and maintenance of machinery
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.