NOE & PARTNERS
ActiveSummary
The annual accounts of NOE & PARTNERS for fiscal year 2025 show a net loss of 75% of total assets and of 60% of the equity at the start of that year. The 2025 annual accounts show equity of €19,466 and a net result of -€29,620. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 46% of 7114 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-70
Solvency75▼-10
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.51 against 1.03 in 2024; short-term debt: 50.4% and cash: 14.8% of total assets), and 50.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
49.6%
Return on assets
-75.4%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 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
28 d late
2024
29 d late
2023
28 d late
2022
24 d late
2021
30 d late
2020
28 d late
2019
33 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,466▼ 60.3%
2024 · €49,086
Total assets
€39,285▼ 52.2%
2024 · €82,156
Net result
-€29,620
2024 · €624
Working capital
-€9,615
2024 · €973
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€20,106▲ 197%€25,679▲ 27.7%€42▼ 99.8%€4,447▲ 10,608%-€29,504
Net result€13,144within the sector's middle half▲ 1,276%€15,390within the sector's middle half▲ 17.1%-€2,929below the sector's middle half€624within the sector's middle half-€29,620below the sector's middle half
Equity€36,001within the sector's middle half▲ 57.5%€51,391within the sector's middle half▲ 42.7%€48,462within the sector's middle half▼ 5.7%€49,086within the sector's middle half▲ 1.3%€19,466within the sector's middle half▼ 60.3%
Total assets€123,243within the sector's middle half▼ 6.7%€97,948within the sector's middle half▼ 20.5%€95,241within the sector's middle half▼ 2.8%€82,156within the sector's middle half▼ 13.7%€39,285below the sector's middle half▼ 52.2%
Debt€77,242▼ 22.2%€46,557▼ 39.7%€46,779▲ 0.5%€33,070▼ 29.3%€19,818▼ 40.1%
Working capital-€16,974below the sector's middle half▲ 23.2%-€21,347below the sector's middle half▼ 25.8%-€14,327below the sector's middle half▲ 32.9%€973below the sector's middle half-€9,615below the sector's middle half
Solvency29.2%within the sector's middle half▲ 11.9pp52.5%within the sector's middle half▲ 23.3pp50.9%within the sector's middle half▼ 1.6pp59.7%within the sector's middle half▲ 8.9pp49.6%within the sector's middle half▼ 10.2pp
Current ratio0.74below the sector's middle half▲ 0.010.48below the sector's middle half▼ 0.260.69below the sector's middle half▲ 0.211.03below the sector's middle half▲ 0.340.51below the sector's middle half▼ 0.51
Return on assets (ROA)10.7%within the sector's middle half▲ 9.9pp15.7%within the sector's middle half▲ 5.0pp-3.1%below the sector's middle half▼ 18.8pp0.8%within the sector's middle half▲ 3.8pp-75.4%below the sector's middle half▼ 76.2pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
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 €29,504 after €4,447 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39,285
Fixed assets
€29,081 ▼ 39.6%
Current assets
€10,204 ▼ 70.0%
Equity and liabilities €39,285
Equity
€19,466 ▼ 60.3%
Debt
€19,818 ▼ 40.1%
Debt's share of the balance-sheet total rises from 40.3% to 50.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€8,362▼
2024 · €25,555
Cash flow
-€8,477▼
2024 · €21,732
Debt to equity
1.02▲
2024 · 0.67
ROE
-152.2%▼
2024 · 1.3%
Interest coverage
-72.35▼
2024 · 121.77
Debt ≤ 1 year
€19,818▼
2024 · €33,070
Staff costs
€1,596▼
2024 · €1,741
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,805 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,983 | - | - | - | - |
| Remuneration, social security and pensions62 | €3,510 | €2,329 | €1,748 | €1,741 | €1,596 | ▼ 8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,986 | €20,123 | €23,066 | €21,108 | €21,143 | ▲ 0.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€10,000 | - | - | - | - |
| Other operating charges640/8 | €348 | €348 | €384 | €387 | - | - |
| Non-recurring operating charges66A | €215 | €364 | €186 | €373 | €1,637 | ▲ 338% |
| Gross operating margin9900 | €38,164 | €38,843 | €25,427 | €28,057 | -€5,128 | ▼ 118% |
| Operating profit (loss)9901 | €20,106 | €25,679 | €42 | €4,447 | -€29,504 | ▼ 763% |
| Financial income75/76B | €8 | €28 | €2 | €4 | - | - |
| Recurring financial income75 | €8 | €28 | €2 | €4 | - | - |
| Financial charges65/66B | €1,456 | €959 | €505 | €210 | €116 | ▼ 44.9% |
| Recurring financial charges65 | €1,456 | €959 | €505 | €210 | €116 | ▼ 44.9% |
| Profit (loss) for the period before taxes9903 | €18,658 | €24,748 | -€461 | €4,241 | -€29,620 | ▼ 798% |
| Income taxes67/77 | €5,514 | €9,359 | €2,468 | €3,617 | - | - |
| Profit (loss) for the period9904 | €13,144 | €15,390 | -€2,929 | €624 | -€29,620 | ▼ 4,847% |
| Profit (loss) for the period to be appropriated9905 | €13,144 | €15,390 | -€2,929 | €624 | -€29,620 | ▼ 4,847% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €123,243 | €97,948 | €95,241 | €82,156 | €39,285 | ▼ 52.2% |
| Fixed assets21/28 | €74,861 | €78,255 | €62,789 | €48,113 | €29,081 | ▼ 39.6% |
| Tangible fixed assets22/27 | €74,861 | €78,255 | €62,789 | €48,113 | €29,081 | ▼ 39.6% |
| Land and buildings22 | €23,402 | €18,112 | €12,821 | €7,531 | €2,240 | ▼ 70.3% |
| Plant, machinery and equipment23 | €635 | €355 | €76 | €1,272 | €1,845 | ▲ 45.0% |
| Furniture and vehicles24 | €22,320 | €32,399 | €22,858 | €14,796 | €6,089 | ▼ 58.8% |
| Other tangible fixed assets26 | €28,505 | €27,388 | €27,034 | €24,514 | €18,907 | ▼ 22.9% |
| Current assets29/58 | €48,382 | €19,694 | €32,452 | €34,043 | €10,204 | ▼ 70.0% |
| Amounts receivable within one year40/41 | €24,565 | €12,835 | €11,633 | €28,995 | €4,018 | ▼ 86.1% |
| Trade receivables40 | €20,074 | €12,584 | €11,633 | €28,995 | €1,332 | ▼ 95.4% |
| Other amounts receivable41 | €4,491 | €251 | - | - | €2,686 | - |
| Cash at bank and in hand54/58 | €22,926 | €6,272 | €19,316 | €3,309 | €5,830 | ▲ 76.2% |
| Deferred charges and accrued income490/1 | €891 | €586 | €1,503 | €1,740 | €356 | ▼ 79.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €123,243 | €97,948 | €95,241 | €82,156 | €39,285 | ▼ 52.2% |
| Equity10/15 | €36,001 | €51,391 | €48,462 | €49,086 | €19,466 | ▼ 60.3% |
| Contributions10/11 | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €1,860 | €16,860 | €15,000 | €15,000 | €15,000 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €15,541 | €15,931 | €13,002 | €13,626 | -€15,994 | ▼ 217% |
| Provisions and deferred taxes16 | €10,000 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €10,000 | - | - | - | - | - |
| Major repairs and maintenance162 | €10,000 | - | - | - | - | - |
| Amounts payable17/49 | €77,242 | €46,557 | €46,779 | €33,070 | €19,818 | ▼ 40.1% |
| Amounts payable after more than one year17 | €11,886 | €5,516 | - | - | - | - |
| Financial debts170/4 | €11,886 | €5,516 | - | - | - | - |
| Amounts payable within one year42/48 | €65,356 | €41,041 | €46,779 | €33,070 | €19,818 | ▼ 40.1% |
| Current portion of amounts payable after more than one year42 | €6,108 | €6,370 | €5,516 | - | - | - |
| Trade debts44 | €4,206 | €6,097 | €5,075 | €6,924 | €3,756 | ▼ 45.8% |
| Suppliers440/4 | €4,206 | €6,097 | €5,075 | €6,924 | €3,756 | ▼ 45.8% |
| Advances received on contracts in progress46 | €12,584 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €41,924 | €23,034 | €32,053 | €23,314 | €13,766 | ▼ 41.0% |
| Taxes450/3 | €14,195 | €23,034 | €16,107 | €4,778 | €1,604 | ▼ 66.4% |
| Remuneration and social security454/9 | €27,729 | - | €15,946 | €18,536 | €12,162 | ▼ 34.4% |
| Other amounts payable47/48 | €533 | €5,540 | €4,135 | €2,831 | €2,296 | ▼ 18.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,144 | €15,390 | -€2,929 | €624 | -€29,620 | ▼ 4,847% |
| + Depreciation and write-downs630 | €13,986 | €20,123 | €23,066 | €21,108 | €21,143 | ▲ 0.2% |
| Operating cash flow (approximation) | €27,130 | €35,513 | €20,137 | €21,732 | -€8,477 | ▼ 139% |
| Investment in fixed assets (approximation) | - | -€23,516 | -€7,601 | -€6,432 | -€2,111 | ▲ 67.2% |
| Change in cash | - | -€16,653 | €13,043 | -€16,007 | €2,521 | ▲ 116% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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
31-12
Financial
Weakest financial yearnet -€29,620
Net result drops to -€29,620, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €624
Net result €624 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Highest result since 2018net €15,390 ▲17.1%
Operating result €25,679, net result €15,390, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
31-12
Financial
Back to profitnet €1,765
Net result €1,765 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
21-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Oudergem · 1 establishment unit since 2009
Ground area
328 m²
Building footprint
81 m²
Volume, LiDAR
688 m³
Parcel 21332E0033/00M054, Brussels · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Noé & Partners
since 20092.176.950.709
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332E0033/00M054 | Brussels | 328 m² | 1 · 81 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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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Behind The Numbers
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,907. 4,684 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
68310Real estate agency activities
70200Business and other management consultancy
Contact
E-mail
noe.dominique@skynet.beOudergem
Phone
+32497452431Oudergem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808936349
Also
9925:BE0808936349
Registered
15-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.