NOBLE WHITE

Active

Private limited companyfounded 20224 yrs activeLes Basses(Haversin) 135, 5590 Ciney, BelgiumKBO/BCE: BE 0781.462.187

NOBLE WHITE has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81k and a net result of €-6k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 87% of 3108 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

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Checked score

Score 2025

64 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability11▼-66

Solvency100▲+6

Growth52=

Track record94

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity ample (current ratio 3.53 against 2.52 in 2024; short-term debt: 18.9% and cash: 18.6% of total assets), and 18.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 01

Relative position

BE, all sectors

reference

Sector 01

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 4 filings

Deviation from the deadline

2025

27 d late

2024

27 d late

2023

30 d late

2022

29 d late

← before the deadline after the deadline →

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 months

Position in the running window

19-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€179k

EBIT margin

14.1%

Net result

€-6k

2024 · €9k

2022: €20k 2023: €63k 2024: €9k

2022 → 2025

Working capital

€48k▼ 10.0%

2024 · €53k

2022: €4k 2023: €57k 2024: €53k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Turnover€179k-

Equity€23k-€79k▲ 249%€87k▲ 10.8%€81k▼ 6.7%

Operating result€25k-€80k▲ 217%€12k▼ 85.1%€-6k

Net result€20k-€63k▲ 224%€9k▼ 86.5%€-6k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €6k after €12k in 2024, the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €100k

33.2%

66.8%

Fixed assets €33k▼ 12.1%

Current assets €67k▼ 24.3%

Equity and liabilities €100k

81.1%

18.9%

Equity €81k▼ 6.7%

Debt €19k▼ 51.6%

The debt ratio falls from 31.0% to 18.9%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-124▼

2024 · €17k

Cash flow

€-258▼

2024 · €13k

Solvency

81.1%▲

2024 · 69.0%

Current ratio

3.53▲

2024 · 2.52

Quick ratio

1.44▲

2024 · 0.88

Debt / equity

0.23▼

2024 · 0.45

ROE

-7.2%▼

2024 · 9.8%

ROA

-5.8%▼

2024 · 6.7%

Interest coverage

-0.89▼

2024 · 91.82

Debt

€19k▼

2024 · €39k

Debt ≤ 1 year

€19k▼

2024 · €35k

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€126k€100k▼

Fixed assets21/28€38k€33k▼

Tangible fixed assets22/27€38k€33k▼

Land and buildings22€21k€20k▼

Furniture and vehicles24€17k€14k▼

Current assets29/58€89k€67k▼

Stocks and contracts in progress3€58k€40k▼

Stocks30/36€58k€40k▼

Amounts receivable within one year40/41€18k€9k▼

Trade receivables40€14k-

Other amounts receivable41€3k€9k▲

Cash at bank and in hand54/58€13k€19k▲

Equity and liabilities

Total equity and liabilities10/49€126k€100k▼

Equity10/15€87k€81k▼

Contributions10/11€3k€3k=

Reserves13€9k€9k=

Distributable reserves133€9k€9k=

Profit (loss) carried forward14€76k€70k▼

Amounts payable17/49€39k€19k▼

Amounts payable within one year42/48€35k€19k▼

Trade debts44€24k€9k▼

Suppliers440/4€24k€9k▼

Taxes, remuneration and social security45€6k€4k▼

Taxes450/3€6k€4k▼

Other amounts payable47/48€5k€6k▲

Accrued charges and deferred income492/3€4k-

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲

Other operating charges640/8€647€799▲

Gross operating margin9900€17k€675▼

Operating profit (loss)9901€12k€-6k▼

Financial income75/76B€10€6▼

Recurring financial income75€10€6▼

Financial charges65/66B€182€140▼

Recurring financial charges65€182€140▼

Profit (loss) for the period before taxes9903€12k€-6k▼

Income taxes67/77€3k-

Profit (loss) for the period9904€9k€-6k▼

Profit (loss) for the period to be appropriated9905€9k€-6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€84k€70k▼

Profit (loss) brought forward from the previous period14P€76k€76k=

Transfer to equity691/2€9k-

To other reserves6921€9k-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

27-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 27 days late

2025

31-12

Financial Weakest financial yearnet €-6k ▼169%

Net result drops to €-6k, the lowest in the series.

27-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 27 days late

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-12

Financial Highest result since 2022net €63k ▲224%

Operating result €80k, net result €63k, both a record.

31-12

Financial Liquidity triplescurrent ratio 3.36

Current ratio from 1.12 to 3.36; short-term debt falls from €36k to €24k.

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Ciney · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Les Basses(Haversin) 1355590 Ciney

Ground area

1,043 m²

Building footprint

101 m²

Parcel 91118E0201/00E000, Wallonia. Linked by address, not a title deed.

1 establishment unit

NOBLE WHITE

Les Basses(Haversin) 135, 5590 CineyRaising of horses and other equines

since 20222.327.386.128

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
91118E0201/00E000	Wallonia	1,043 m²	1 · 101 m²	-

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.

Similar companies · same sector, comparable size

VERDEYEN RACING PIGEONS

BE 0500.569.488

Steenokkerzeel · Eq €81k

Kluisbergen · Eq €75k

LE DOMAINE D'ERMETON

BE 0479.152.581

Mettet · Eq €89k

Of 1,703 companies in sector 01480 we hold annual accounts for 161. 125 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded01-02-2022

Fiscal year end31-12

Activities, NACEBEL

01480Raising of other animals

01490Crop and animal production, hunting and related service activities

01430Raising of horses and other equines

46382Wholesale trade

47762Retail sale of pets, pet food and pet supplies

96993Pet care services, excluding veterinary services

96994Pet training

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

Website:www.noblewhite.be

Enterprise