Result
-€127,188 -€127,188
From profit to loss in 2025, after a profit of €169,535 in 2024.
Nobel
Lifetime
18 annual accounts with figures on one time axis, 48 filings since 1978peak €1.5m (2008)
-not published
lowest -€2.8m (2015)
-€127,188▼ €296,724
peak €5.4m (2024)
€5.4m▼ 0.1%
€12.1m▲ 13.2%
peak 0 FTE (2024)
0 FTE
Board22 names since 2007all names
2 directorsFARES and 1 other
Owners7 names in the annual accountsall names
50%Cupola and 1 other
Documentsfilings and deeds
28-07-20263 days before the deadline
2025financial year
Loss of €127,188Demerger: Nobel splits off to Tops-Schaut 18-08Demerger proposal: TOPS-SCHAUT splits off to NOBEL 06-06Cash from €25,613 to €505,708
Key points
from the 2025 annual accountsTurnover
≈ €2.0m estimated
The accounts state no turnover.
Investments
€143,748 0.2 × depreciation
Green is investment, beige is depreciation.
At the same address
10 companies
Restructuring
2
2 restructurings since 2025. Latest: branch taken over from Humacon.
Position in the sector
-€127,188
Lower net result than 85% of companies in real estate. Sector median €20,526 · 5,817 companies.
Checked score
93
Excellent
Financially stronger than 41% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,721 companies (NACE 68, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: 0.1%▲ +0.1 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.23, cash €505,708
lowers risk
Size: total assets €18.4m
Figures for financial year 2025 (filed on 28-07-2026)
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized). It does better than 52% of them on solvency, 43% on liquidity, 30% on profitability and 41% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 371 companies had the same profile as Nobel has now. Each dot is one company, two years later.
97.3%
were still trading
2.2%
stopped another way
0.5%
went bankrupt
That fits the bankruptcy probability of Nobel itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 371 companies, not a prediction for Nobel. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.23 (1.04 in 2024), below the usual 1.5. Short-term debt is 19.3% and cash 2.7% of total assets. 70.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
16 days early
2023
5 days early
2022
3 days early
2021
3 days late
2020
25 days early
2019
49 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- AG REAL ESTATE 99.99%score 95equity €1.53bn (2025) · annual accounts 2018
- Ageas NV consolidatesannual accounts 2018
- Cupola 50%score 94equity €1.3m (2025) · 2025 annual accounts of Cupola
Shares in 3 companies, including ECOHOLD and Nobel Development
Board & ownershipRecent changes
Transfer: Humacon transfers a branch of activity to Nobel
Capital increase of €2,749,000 to €8,016,983.56 · Capital from €5,267,983.56 to €8,016,983.56, 9,376 new shares · Hendrickx Sébastien holds 9,376 shares · Gazette deed
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Slopen van niet vrijstaande gebouwen of constructies, Verbouwen en/of uitbreiden van bijgebouwen, niet-overdekte lage constructies of wijzigen van andere beperkte handelingen · Turnhout
Transfer proposal: Humacon transfers a branch of activity to NOBEL
Permanent representatives: Hendrickx Sébastien Marie Gérard Claire Cornelius and Moyaert Frank, Ignace Huguette · Gazette deed
2 directors reappointed
Humacon and Fares · Permanent representatives: Hendrickx Sébastien Marie Gérard Claire Cornelius and Moyaert Frank, Ignace Huguette · General meeting of 29-04-2026 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as Nobel: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €16m and €20m, founded between 1968 and 1988.
Official details
Source: KBO- Status
- Active since 05-12-1973Normal situation
- Registered office
- 12 active companies are registered at this addressSource: KBO register, as of 8 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 2 others
- Establishment unit
- 2.008.950.9642000 Antwerp, since 01-01-1974
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- €18.4m▲ 9.7%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Companies linked to Nobel
Shareholders
Subsidiaries and holdings
- Nobel PO100%
Insights on Nobel
Nobel has been active since 1973 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.4m and a net result of -€127,188.
Equity grew by about 18% per year on average since 2018. In 2025 it fell by 0.1%. Its solvency ranks better than 42% of 5,810 sector peers (NACE 68, financial year 2025).
The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Nobel
- What is the company number of Nobel?
- The company number of Nobel is 0413.832.385. The VAT number is the same number with BE in front: BE 0413.832.385.
- Where is Nobel based?
- The registered office is at Amerikalei 33, 2000 Antwerp.Company details
- What does Nobel do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of Nobel?
- Nobel is a public limited company (NV).
- When was Nobel founded?
- Nobel was founded on 05-12-1973.
- Is Nobel still active?
- Yes, Nobel is an active enterprise in the KBO register.
- What is the turnover of Nobel?
- The turnover in financial year 2025 is ≈ €2.0m. This figure is estimated from the gross margin of €1.6m and 32 comparable companies (NACE 68203). It probably lies between €1.6m and €2.3m. In financial year 2020 turnover was €807,770.Financials
- Is Nobel profitable?
- In financial year 2025, Nobel made a loss of €127,188.
- Where can I find the annual accounts of Nobel?
- Nobel filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Nobel due?
- Nobel must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.