NOBARO
ActiveSummary
NOBARO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €33k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 18% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+12
Solvency27▲+12
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five 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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← 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
1.5%
Return on assets
33.6%
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 18% of 2003 sector peers (2025).
NBB · sector comparisonPosition among 2003 sector peers
Solvency
better than 18%
← 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 17-07-2026, 14 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
14 d early
2024
11 d late
2023
23 d early
2022
17 d late
2021
16 d late
2020
73 d late
2019
32 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k
2024 · €-7k
Total assets
€98k▲ 34.0%
2024 · €73k
Net result
€33k▲ 187%
2024 · €12k
Working capital
€-3k▲ 11.1%
2024 · €-4k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4k€2k▼ 42.2%€-351€18k€55k▲ 199%
Net result€4k€2k▼ 54.4%€-2k€12k€33k▲ 187%
Equity€-18k▲ 16.4%€-17k▲ 9.0%€-19k▼ 11.8%€-7k▲ 61.3%€2k
Total assets€48k▲ 730%€41k▼ 15.7%€60k▲ 46.6%€73k▲ 22.5%€98k▲ 34.0%
Debt€67k▲ 139%€58k▼ 13.9%€79k▲ 36.4%€81k▲ 2.4%€97k▲ 20.0%
Working capital€-23k▼ 2.3%€-18k▲ 23.0%€-9k▲ 47.5%€-4k▲ 59.9%€-3k▲ 11.1%
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 199% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98k
Fixed assets
€29k ▲ 1.5%
Current assets
€69k ▲ 54.5%
Equity and liabilities €98k
Equity
€2k
Debt
€97k
Debt finances 98.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€57k▲
2024 · €20k
Cash flow
€35k▲
2024 · €13k
Current ratio
0.95▲
2024 · 0.92
Debt to equity
64.48▲
2024 · -11.06
ROA
33.6%▲
2024 · 15.7%
Interest coverage
11.13▼
2024 · 23.44
Debt ≤ 1 year
€73k▲
2024 · €49k
Debt > 1 year
€24k▼
2024 · €32k
Income taxes
€17k▲
2024 · €6k
A ratio outside any meaningful range has been withheld (balance sheet total €98k, equity €2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €7k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €163 | €837 | €1k | €2k | €1k | ▼ 13.1% |
| Other operating charges640/8 | €8k | €798 | €2k | €2k | €2k | ▲ 11.9% |
| Non-recurring operating charges66A | €16k | €62 | - | - | - | - |
| Gross operating margin9900 | €28k | €4k | €2k | €22k | €59k | ▲ 168% |
| Operating profit (loss)9901 | €4k | €2k | €-351 | €18k | €55k | ▲ 199% |
| Financial income75/76B | - | €0 | €0 | €0 | €327 | - |
| Recurring financial income75 | - | €0 | €0 | €0 | €327 | - |
| Non-recurring financial income76B | - | - | €0 | - | - | - |
| Financial charges65/66B | €263 | €370 | €1k | €861 | €5k | ▲ 492% |
| Recurring financial charges65 | €263 | €370 | €1k | €861 | €5k | ▲ 492% |
| Profit (loss) for the period before taxes9903 | €4k | €2k | €-2k | €18k | €50k | ▲ 187% |
| Income taxes67/77 | €346 | €425 | €435 | €6k | €17k | ▲ 187% |
| Profit (loss) for the period9904 | €4k | €2k | €-2k | €12k | €33k | ▲ 187% |
| Profit (loss) for the period to be appropriated9905 | €4k | €2k | €-2k | €12k | €33k | ▲ 187% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48k | €41k | €60k | €73k | €98k | ▲ 34.0% |
| Fixed assets21/28 | €31k | €24k | €30k | €28k | €29k | ▲ 1.5% |
| Tangible fixed assets22/27 | €537 | €4k | €10k | €8k | €8k | ▲ 5.3% |
| Plant, machinery and equipment23 | €537 | €2k | €1k | €1k | €915 | ▼ 17.6% |
| Furniture and vehicles24 | - | €2k | €1k | €513 | €2k | ▲ 262% |
| Other tangible fixed assets26 | - | - | €7k | €6k | €6k | ▼ 11.4% |
| Financial fixed assets28 | €30k | €20k | €20k | €20k | €20k | = |
| Current assets29/58 | €18k | €17k | €30k | €45k | €69k | ▲ 54.5% |
| Stocks and contracts in progress3 | €761 | €655 | €0 | - | - | - |
| Stocks30/36 | €761 | €655 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €6k | €9k | €24k | €40k | €65k | ▲ 62.1% |
| Trade receivables40 | €6k | €9k | €24k | €40k | €52k | ▲ 31.6% |
| Other amounts receivable41 | - | €39 | €110 | €166 | €12k | ▲ 7,341% |
| Cash at bank and in hand54/58 | €8k | €7k | €6k | €3k | €2k | ▼ 19.5% |
| Deferred charges and accrued income490/1 | €3k | €408 | €0 | €2k | €2k | ▲ 14.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48k | €41k | €60k | €73k | €98k | ▲ 34.0% |
| Equity10/15 | €-18k | €-17k | €-19k | €-7k | €2k | ▲ 121% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-20k | €-18k | €-20k | €-9k | €0 | ▲ 100% |
| Amounts payable17/49 | €67k | €58k | €79k | €81k | €97k | ▲ 20.0% |
| Amounts payable after more than one year17 | €26k | €23k | €39k | €32k | €24k | ▼ 25.1% |
| Financial debts170/4 | €26k | €23k | €39k | €32k | €24k | ▼ 25.1% |
| Amounts payable within one year42/48 | €41k | €35k | €39k | €49k | €73k | ▲ 49.4% |
| Current portion of amounts payable after more than one year42 | €3k | €3k | €3k | €8k | €8k | ▲ 2.0% |
| Trade debts44 | €4k | €3k | €8k | €4k | €4k | ▲ 2.4% |
| Suppliers440/4 | €4k | €3k | €8k | €4k | €4k | ▲ 2.4% |
| Taxes, remuneration and social security45 | €4k | €8k | €4k | €19k | €34k | ▲ 83.6% |
| Taxes450/3 | €2k | €6k | €4k | €19k | €33k | ▲ 75.5% |
| Remuneration and social security454/9 | €2k | €2k | €0 | - | €2k | - |
| Other amounts payable47/48 | €30k | €20k | €24k | €18k | €26k | ▲ 45.4% |
| Accrued charges and deferred income492/3 | - | €20 | €0 | €200 | €200 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €2k | €-2k | €12k | €33k | ▲ 187% |
| + Depreciation and write-downs630 | €163 | €837 | €1k | €2k | €1k | ▼ 13.1% |
| Operating cash flow (approximation) | €4k | €2k | €-818 | €13k | €35k | ▲ 161% |
| Investment in fixed assets (approximation) | - | €6k | €-7k | €0 | €-2k | - |
| Change in cash | - | €-969 | €-1k | €-3k | €-583 | ▲ 78.5% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €33k ▲187%
Operating result €55k, net result €33k, both a record.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 73 days late
2020
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Evergem · 1 establishment unit since 2019
Ground area
845 m²
Building footprint
114 m²
Volume, LiDAR
608 m³
Parcel 44066D2283/00L000, Flanders · tallest building 19.5 m. Linked by address, not a title deed.
1 establishment unit
NOBARO
since 20192.292.487.409
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44066D2283/00L000 | Flanders | 845 m² | 1 · 114 m² | 19.5 m |
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.
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Of 3,527 companies in sector 90391 we hold annual accounts for 681. 141 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
Founded06-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
90391Promotion and organisation of arts and performing arts events
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.