NOCLADEX
ActiveNOCLADEX has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €-13k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 34% of 9384 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency51▼-35
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.74 against 1.43 in 2024), and 63.8% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.2%
Return on assets
-9.8%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€13k
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
28 d late
2024
32 d early
2023
28 d early
2022
23 d early
2021
36 d early
2020
2 d early
2019
31 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€48k▼ 21.3%
2024 · €61k
2018: €19k
2019: €27k
2020: €40k
2021: €72k
2022: €125k
2023: €70k
2024: €61k
2018 → 2025
Total assets
€133k▲ 32.6%
2024 · €100k
2018: €124k
2019: €120k
2020: €88k
2021: €160k
2022: €195k
2023: €137k
2024: €100k
2018 → 2025
Net result
€-13k▼ 53.4%
2024 · €-9k
2018: €13k
2019: €8k
2020: €13k
2021: €32k
2022: €53k
2023: €-56k
2024: €-9k
2018 → 2025
Working capital
€-13k
2024 · €14k
2018: €-84k
2019: €-44k
2020: €-27k
2021: €1k
2022: €61k
2023: €12k
2024: €14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€125k▲ 74.1%€70k▼ 44.4%€61k▼ 12.2%€48k▼ 21.3%
Operating result€47k-€74k▲ 58.1%€-54k€-7k▲ 86.8%€-11k▼ 55.6%
Net result€32k-€53k▲ 67.9%€-56k€-9k▲ 84.7%€-13k▼ 53.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €7k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133k
Fixed assets
€96k▲ 76.0%
Current assets
€37k▼ 19.2%
Equity and liabilities €133k
Equity
€48k▼ 21.3%
Debt
€85k▲ 117%
The debt ratio rises from 38.9% to 63.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€11k▼
2024 · €20k
Cash flow
€9k▼
2024 · €19k
Solvency
36.2%▼
2024 · 61.1%
Current ratio
0.74▼
2024 · 1.43
Quick ratio
0.74▼
2024 · 1.43
Debt / equity
1.76▲
2024 · 0.64
ROE
-27.1%▼
2024 · -13.9%
ROA
-9.8%▼
2024 · -8.5%
Interest coverage
6.46▼
2024 · 16.22
Debt
€85k▲
2024 · €39k
Debt ≤ 1 year
€50k▲
2024 · €32k
Debt > 1 year
€35k▲
2024 · €7k
Income taxes
€484▼
2024 · €563
Staff costs
€10k
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€100k€133k▲
Fixed assets21/28€55k€96k▲
Intangible fixed assets21€30k€21k▼
Tangible fixed assets22/27€24k€75k▲
Furniture and vehicles24€24k€61k▲
Other tangible fixed assets26-€13k
Financial fixed assets28€540€540=
Current assets29/58€46k€37k▼
Amounts receivable within one year40/41€9k€24k▲
Trade receivables40€3k€16k▲
Other amounts receivable41€5k€8k▲
Cash at bank and in hand54/58€37k€12k▼
Deferred charges and accrued income490/1€174€2k▲
Equity and liabilities
Total equity and liabilities10/49€100k€133k▲
Equity10/15€61k€48k▼
Contributions10/11€6k€6k=
Reserves13€40k€40k=
Distributable reserves133€40k€40k=
Profit (loss) carried forward14€15k€2k▼
Amounts payable17/49€39k€85k▲
Amounts payable after more than one year17€7k€35k▲
Financial debts170/4€7k€35k▲
Amounts payable within one year42/48€32k€50k▲
Current portion of amounts payable after more than one year42€15k€13k▼
Trade debts44€6k€21k▲
Suppliers440/4€6k€21k▲
Taxes, remuneration and social security45€11k€16k▲
Taxes450/3€7k€13k▲
Remuneration and social security454/9€3k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€10k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€22k▼
Other operating charges640/8€619€10k▲
Gross operating margin9900€21k€30k▲
Operating profit (loss)9901€-7k€-11k▼
Financial income75/76B€419€130▼
Recurring financial income75€419€130▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-8k€-13k▼
Income taxes67/77€563€484▼
Profit (loss) for the period9904€-9k€-13k▼
Profit (loss) for the period to be appropriated9905€-9k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€2k▼
Profit (loss) brought forward from the previous period14P€24k€15k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-56k ▼204%
Net result drops to €-56k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €53k ▲67.9%
Operating result €74k, net result €53k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.03
Current ratio from 1.04 to 3.03; short-term debt falls from €32k to €30k.
31-12
Financial
Equity above €100kEq €125k ▲74.1%
5 profitable years in a row build equity to €125k.
25-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 11current ratio 1.04
Current ratio from 0.09 to 1.04.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Frasnes-lez-Anvaing · 1 establishment unit since 2017
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.
Rue Henri Lemaire(FB) 27911 Frasnes-lez-AnvaingGround area
8,271 m²
Building footprint
1,086 m²
Volume, LiDAR
9,838 m³
2 parcels, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NOCLADEX
since 20172.266.322.747
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51022D0410/00F002indicative | Wallonia | 7,548 m² | 1 · 1,046 m² | 10.8 m · 3 fl. |
| 56007B0123/02M000 | Wallonia | 723 m² | 1 · 41 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,136 companies in sector 71209 we hold annual accounts for 1,079. 776 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-07-2017
Fiscal year end31-12
Activities, NACEBEL
71209Other technical testing and analysis
71122Land surveying
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.