NOBEL
ActiveNOBEL has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €157k and a net result of €79k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 5988 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability65▼-15
Solvency34▼-9
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 2.4 in 2023; short-term debt: 48.6% and cash: 7.2% of total assets), but 91.2% 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 · 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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 5988 sector peers (2024).
NBB · sector comparisonPosition among 5988 sector peers
Solvency
better than 13%
← 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 28-08-2025, 28 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
28 d late
2023
61 d late
2022
60 d late
2021
92 d late
2020
1 d early
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€79k▼ 52.4%
2023 · €166k
2018: €29k
2019: €109k
2020: €80k
2021: €12k
2022: €-30k
2023: €166k
2018 → 2024
Working capital
€579k▼ 31.0%
2023 · €840k
2018: €851k
2019: €954k
2020: €1.01M
2021: €1.01M
2022: €794k
2023: €840k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€180k-€192k▲ 6.9%€162k▼ 15.7%€328k▲ 102%€157k▼ 52.2%
Operating result€263k-€145k▼ 44.9%€33k▼ 77.3%€206k▲ 528%€172k▼ 16.3%
Net result€80k-€12k▼ 84.5%€-30k€166k€79k▼ 52.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 16% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.77M
Fixed assets
€332k▼ 11.4%
Current assets
€1.44M▼ 0.1%
Equity and liabilities €1.77M
Equity
€157k▼ 52.2%
Debt
€1.62M▲ 8.5%
The debt ratio rises from 82.0% to 91.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€243k▼
2023 · €272k
Cash flow
€149k▼
2023 · €231k
Solvency
8.8%▼
2023 · 18.0%
Current ratio
1.67▼
2023 · 2.40
Quick ratio
0.80▼
2023 · 1.12
Debt / equity
10.32▲
2023 · 4.54
ROE
50.4%▼
2023 · 50.6%
ROA
4.5%▼
2023 · 9.1%
Interest coverage
4.93▼
2023 · 6.37
Debt
€1.62M▲
2023 · €1.49M
Debt ≤ 1 year
€860k▲
2023 · €602k
Debt > 1 year
€750k▼
2023 · €884k
Income taxes
€45k
Staff costs
€101k▼
2023 · €196k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.82M€1.77M▼
Fixed assets21/28€375k€332k▼
Tangible fixed assets22/27€325k€284k▼
Land and buildings22€134k€118k▼
Plant, machinery and equipment23€19k€22k▲
Furniture and vehicles24€11k€27k▲
Other tangible fixed assets26€160k€118k▼
Financial fixed assets28€49k€48k▼
Current assets29/58€1.44M€1.44M▼
Stocks and contracts in progress3€770k€751k▼
Stocks30/36€770k€751k▼
Amounts receivable within one year40/41€622k€560k▼
Trade receivables40€130k€42k▼
Other amounts receivable41€492k€518k▲
Cash at bank and in hand54/58€50k€128k▲
Equity and liabilities
Total equity and liabilities10/49€1.82M€1.77M▼
Equity10/15€328k€157k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€21k€21k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€15k€15k=
Profit (loss) carried forward14€244k€73k▼
Amounts payable17/49€1.49M€1.62M▲
Amounts payable after more than one year17€884k€750k▼
Financial debts170/4€180k€162k▼
Trade debts175€704k€588k▼
Amounts payable within one year42/48€602k€860k▲
Current portion of amounts payable after more than one year42€17k€18k▲
Financial debts43€4k€4k=
Credit institutions430/8€4k€4k=
Trade debts44€98k€168k▲
Suppliers440/4€98k€168k▲
Advances received on contracts in progress46€5k€7k▲
Taxes, remuneration and social security45€62k€67k▲
Taxes450/3€20k€54k▲
Remuneration and social security454/9€42k€13k▼
Other amounts payable47/48€416k€596k▲
Accrued charges and deferred income492/3€2k€5k▲
Income statement
Code20232024
Non-recurring operating income76A-€1k
Remuneration, social security and pensions62€196k€101k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€71k▲
Other operating charges640/8€8k€35k▲
Gross operating margin9900€475k€379k▼
Operating profit (loss)9901€206k€172k▼
Financial income75/76B€3k€347▼
Recurring financial income75€3k€347▼
Financial charges65/66B€43k€49k▲
Recurring financial charges65€43k€49k▲
Profit (loss) for the period before taxes9903€166k€123k▼
Income taxes67/77-€45k
Profit (loss) for the period9904€166k€79k▼
Profit (loss) for the period to be appropriated9905€166k€79k▼
Appropriation of the result
Profit (loss) to be appropriated9906€244k€323k▲
Profit (loss) brought forward from the previous period14P€79k€244k▲
Profit to be distributed694/7-€250k
Return on contributions (dividend)694-€250k
Social balance
Average headcount (FTE)90875.02.0▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Back to profitnet €166k
Net result €166k after one loss-making year.
31-12
Financial
Equity above €200kEq €328k ▲102%
Equity rises from €162k to €328k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet €-30k ▼342%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 92 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 91 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 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, Etterbeek · 1 establishment unit since 1975
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.
Veldstraat 101040 EtterbeekGround area
1,000 m²
Building footprint
871 m²
Volume, LiDAR
10,290 m³
Parcel 21362B0037/00W005, Brussels · tallest building 19.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Veldstraat 10, 1040 Etterbeek
since 19752.107.593.333
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0037/00W005 | Brussels | 1,000 m² | 1 · 871 m² | 19.0 m · 4 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.
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Grand Recycle
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Of 388 companies in sector 46630 we hold annual accounts for 276. 171 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-07-1975
Fiscal year end31-12
Activities, NACEBEL
46630Wholesale trade
47530Retail trade
51820
52486
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.