NOBY DRINKS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-06-2026 PDF all 12 filings
Turnover
≈ €200,000
Estimated: probably between €130,000 and €350,000
Total assets
€64,721▼ 27.7%
2024 · €89,530
Net result
€56,073
2024 · -€51,929
Working capital
€42,135
2024 · -€7,017
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€61,350
2025
20182025
Net result
€56,073
2025
highest quarter of the sector
20182025
Equity
€42,984
2025
middle half of the sector
20182025
Total assets
€64,721
▼ 27.7%
2025
lowest quarter of the sector
20182025
Debt
€21,737
▼ 78.8%
2025
20182025
Working capital
€42,135
2025
middle half of the sector
20182025
Solvency
66.4%
▲ 81.0pp
2025
highest quarter of the sector
20182025
Current ratio
3.06
▲ 2.13
2025
highest quarter of the sector
20182025
Return on assets (ROA)
86.6%
▲ 144.6pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€7,449--€36,168-€7,421▲ 79.5%€41,226€18,043▼ 56.2%€20,352▲ 12.8%-€50,057€61,350
Net result€7,147--€36,437-€10,001below the sector's middle half▲ 72.6%€41,121above the sector's middle half€17,869within the sector's middle half▼ 56.5%€9,104within the sector's middle half▼ 49.1%-€51,929below the sector's middle half€56,073above the sector's middle half
Equity€17,184--€19,253-€29,255below the sector's middle half▼ 51.9%€11,867within the sector's middle half€29,736within the sector's middle half▲ 151%€38,840within the sector's middle half▲ 30.6%-€13,089below the sector's middle half€42,984within the sector's middle half
Total assets€17,281-€66,238▲ 283%€58,372below the sector's middle half▼ 11.9%€22,951below the sector's middle half▼ 60.7%€35,510below the sector's middle half▲ 54.7%€78,453below the sector's middle half▲ 121%€89,530within the sector's middle half▲ 14.1%€64,721below the sector's middle half▼ 27.7%
Debt€97-€85,491▲ 885×€87,627▲ 2.5%€11,084▼ 87.4%€5,774▼ 47.9%€39,613▲ 586%€102,619▲ 159%€21,737▼ 78.8%
Working capital€17,184--€59,926-€64,748below the sector's middle half▼ 8.0%€11,851within the sector's middle half€28,174within the sector's middle half▲ 138%€39,759within the sector's middle half▲ 41.1%-€7,017within the sector's middle half€42,135within the sector's middle half
Solvency99.4%--29.1%▼ 128.5pp-50.1%below the sector's middle half▼ 21.1pp51.7%within the sector's middle half▲ 101.8pp83.7%above the sector's middle half▲ 32.0pp49.5%within the sector's middle half▼ 34.2pp-14.6%below the sector's middle half▼ 64.1pp66.4%above the sector's middle half▲ 81.0pp
Current ratio0.300.26below the sector's middle half▼ 0.042.07within the sector's middle half▲ 1.815.88above the sector's middle half▲ 3.812.12above the sector's middle half▼ 3.760.93within the sector's middle half▼ 1.203.06above the sector's middle half▲ 2.13
Return on assets (ROA)41.4%--55.0%▼ 96.4pp-17.1%below the sector's middle half▲ 37.9pp179.2%above the sector's middle half▲ 196.3pp50.3%above the sector's middle half▼ 128.8pp11.6%within the sector's middle half▼ 38.7pp-58.0%below the sector's middle half▼ 69.6pp86.6%above the sector's middle half▲ 144.6pp
above
within
below
The sector band is the middle half of the companies in Manufacture of food products (NACE 10). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €61,350, after a loss of €50,057 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64,721
Fixed assets
€2,099 ▼ 21.6%
Current assets
€62,621 ▼ 27.9%
Equity and liabilities €64,721
Equity
€42,984
Debt
€21,737
Debt's share of the balance-sheet total is 33.6%.
Key figures and ratios
EBITDA
€62,008▲
2024 · -€49,403
Cash flow
€56,731▲
2024 · -€51,276
Quick ratio
0.56▲
2024 · 0.17
Debt to equity
0.51
ROE
130.5%
Interest coverage
93.84▲
2024 · -55.78
Debt ≤ 1 year
€20,487▼
2024 · €93,869
Debt > 1 year
€1,250▼
2024 · €8,750
Income taxes
€4,622▲
2024 · -€1
Staff costs
€2,719▼
2024 · €30,981
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,661 | €1,000 | - | €1,460 |
| Financial fixed assets | - | - | €1,380 | - | - |
| Depreciation and write-downs of the year | - | €114 | €611 | €654 | €658 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €80,012 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €4,724 | €690 | €24,364 | €30,981 | €2,719 | ▼ 91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13 | €6,450 | €6,600 | - | €114 | €611 | €654 | €658 | ▲ 0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,229 | - | - | €19,374 | -€1,517 | - |
| Other operating charges640/8 | - | - | - | €659 | €348 | €689 | - | €3,523 | - |
| Gross operating margin9900 | €7,860 | -€27,662 | €9,814 | €48,839 | €19,194 | €46,017 | €951 | €66,734 | ▲ 70× |
| Operating profit (loss)9901 | €7,449 | -€36,168 | -€7,421 | €41,226 | €18,043 | €20,352 | -€50,057 | €61,350 | - |
| Financial income75/76B | - | - | - | €190 | €5 | €239 | - | €6 | - |
| Recurring financial income75 | - | €68 | €7 | €190 | €5 | €239 | - | €6 | - |
| Financial charges65/66B | - | - | - | €295 | €178 | €6,903 | €1,873 | €661 | ▼ 64.7% |
| Recurring financial charges65 | €302 | €337 | €2,587 | €295 | €178 | €814 | €886 | €661 | ▼ 25.4% |
| Non-recurring financial charges66B | - | - | - | - | - | €6,089 | €987 | - | - |
| Profit (loss) for the period before taxes9903 | €7,147 | -€36,437 | -€10,001 | €41,121 | €17,869 | €13,688 | -€51,930 | €60,695 | - |
| Income taxes67/77 | - | - | - | - | - | €4,585 | -€1 | €4,622 | - |
| Profit (loss) for the period9904 | €7,147 | -€36,437 | -€10,001 | €41,121 | €17,869 | €9,104 | -€51,929 | €56,073 | - |
| Profit (loss) for the period to be appropriated9905 | €7,147 | -€36,437 | -€10,001 | €41,121 | €17,869 | €9,104 | -€51,929 | €56,073 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €17,281 | €66,238 | €58,372 | €22,951 | €35,510 | €78,453 | €89,530 | €64,721 | ▼ 27.7% |
| Fixed assets21/28 | - | €40,672 | €35,494 | €16 | €1,563 | €3,331 | €2,678 | €2,099 | ▼ 21.6% |
| Intangible fixed assets21 | - | €17,142 | €14,284 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | - | €15,035 | €12,794 | - | €1,547 | €1,935 | €1,282 | €2,083 | ▲ 62.5% |
| Land and buildings22 | - | - | - | - | - | €941 | €841 | €741 | ▼ 11.9% |
| Furniture and vehicles24 | - | - | - | - | €1,547 | €994 | €440 | €1,342 | ▲ 205% |
| Financial fixed assets28 | - | €8,495 | €8,416 | €16 | €16 | €1,396 | €1,396 | €16 | ▼ 98.9% |
| Current assets29/58 | €17,281 | €25,566 | €22,878 | €22,935 | €33,947 | €75,121 | €86,852 | €62,621 | ▼ 27.9% |
| Stocks and contracts in progress3 | €5,923 | €6,708 | €5,362 | €5,574 | €12,482 | €63,035 | €70,726 | €51,157 | ▼ 27.7% |
| Stocks30/36 | - | - | - | €5,574 | €12,482 | €63,035 | €70,726 | €51,157 | ▼ 27.7% |
| Amounts receivable within one year40/41 | €11,245 | €14,530 | €14,878 | €7,283 | €5,976 | €5,190 | €9,988 | €2,919 | ▼ 70.8% |
| Trade receivables40 | - | - | - | €5,805 | €5,805 | €5,190 | €9,988 | €1,520 | ▼ 84.8% |
| Other amounts receivable41 | - | - | - | €1,478 | €171 | - | - | €1,399 | - |
| Cash at bank and in hand54/58 | €113 | €782 | €2,455 | €9,676 | €15,311 | €6,661 | €6,124 | €8,545 | ▲ 39.5% |
| Deferred charges and accrued income490/1 | - | - | - | €403 | €179 | €237 | €14 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €17,281 | €66,238 | €58,372 | €22,951 | €35,510 | €78,453 | €89,530 | €64,721 | ▼ 27.7% |
| Equity10/15 | €17,184 | -€19,253 | -€29,255 | €11,867 | €29,736 | €38,840 | -€13,089 | €42,984 | - |
| Contributions10/11 | €30,000 | €30,000 | - | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | -€12,816 | -€49,253 | -€59,255 | -€18,133 | -€264 | €8,840 | -€43,089 | €12,984 | - |
| Amounts payable17/49 | €97 | €85,491 | €87,627 | €11,084 | €5,774 | €39,613 | €102,619 | €21,737 | ▼ 78.8% |
| Amounts payable after more than one year17 | - | - | - | - | - | €4,250 | €8,750 | €1,250 | ▼ 85.7% |
| Financial debts170/4 | - | - | - | - | - | €4,250 | €8,750 | €1,250 | ▼ 85.7% |
| Amounts payable within one year42/48 | €97 | €85,491 | €87,627 | €11,084 | €5,774 | €35,363 | €93,869 | €20,487 | ▼ 78.2% |
| Trade debts44 | - | €14,448 | €10,262 | €321 | €230 | €16,182 | €67,903 | €10,801 | ▼ 84.1% |
| Suppliers440/4 | - | - | - | €321 | €230 | €16,182 | €67,903 | €10,801 | ▼ 84.1% |
| Taxes, remuneration and social security45 | - | - | - | €443 | - | €14,208 | €12,732 | €2,622 | ▼ 79.4% |
| Taxes450/3 | - | - | - | - | - | €11,018 | €6,635 | €2,622 | ▼ 60.5% |
| Remuneration and social security454/9 | - | - | - | €443 | - | €3,190 | €6,097 | - | - |
| Other amounts payable47/48 | - | - | - | €10,320 | €5,544 | €4,973 | €13,235 | €7,064 | ▼ 46.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,147 | -€36,437 | -€10,001 | €41,121 | €17,869 | €9,104 | -€51,929 | €56,073 | - |
| + Depreciation and write-downs630 | €13 | €6,450 | €6,600 | - | €114 | €611 | €654 | €658 | ▲ 0.7% |
| Operating cash flow (approximation) | €7,161 | -€29,987 | -€3,402 | €41,121 | €17,983 | €9,715 | -€51,276 | €56,731 | - |
| Investment in fixed assets (approximation) | - | - | -€1,421 | €35,478 | -€1,661 | -€2,380 | €0 | -€80 | - |
| Change in cash | - | €669 | €1,673 | €7,221 | €5,635 | -€8,650 | -€537 | €2,421 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as NOBY DRINKS has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of NOBY DRINKS itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 34,693 companies, not a prediction for NOBY DRINKS. 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.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-06-2026 | 2026-00135658 | |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00200402 | |
| 31-12-2023 | micro format | 06-08-2024 | 2024-00334109 | |
| 31-12-2022 | micro format | 23-08-2023 | 2023-00345468 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20245867 | |
| 31-12-2020 | micro format | 09-07-2021 | 2021-33400142 | |
| 31-12-2019 | micro format | 28-10-2020 | 2020-64500392 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-66900385 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-58800488 | |
| 31-12-2016 | micro format | 25-07-2017 | 2017-35600325 |