NOEL
ActiveNOEL has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €213k and a net result of €63k. Equity is growing by ~34.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 31697 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
95
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 6.04 against 22.2 in 2024; short-term debt: 16.5% and cash: 84.2% of total assets), and 16.5% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.5%
Return on assets
24.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 6 filingsDeviation from the deadline
2025
24 d late
2024
51 d late
2023
30 d late
2022
on the day
2021
12 d late
2020
30 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€213k▲ 21.6%
2024 · €176k
2020: €35k
2021: €53k
2022: €94k
2023: €128k
2024: €176k
2020 → 2025
Total assets
€256k▲ 39.1%
2024 · €184k
2020: €41k
2021: €62k
2022: €111k
2023: €145k
2024: €184k
2020 → 2025
Net result
€63k▲ 32.0%
2024 · €48k
2020: €25k
2021: €18k
2022: €42k
2023: €35k
2024: €48k
2020 → 2025
Working capital
€213k▲ 22.1%
2024 · €174k
2020: €34k
2021: €52k
2022: €93k
2023: €127k
2024: €174k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€53k-€94k▲ 76.8%€128k▲ 36.9%€176k▲ 36.7%€213k▲ 21.6%
Operating result€30k-€62k▲ 107%€50k▼ 19.1%€68k▲ 35.3%€89k▲ 30.8%
Net result€18k-€42k▲ 125%€35k▼ 16.8%€48k▲ 38.6%€63k▲ 32.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €256k
Fixed assets
€385▼ 63.7%
Current assets
€255k▲ 39.7%
Equity and liabilities €256k
Equity
€213k▲ 21.6%
Debt
€42k▲ 413%
The debt ratio rises from 4.5% to 16.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90k▲
2024 · €69k
Cash flow
€64k▲
2024 · €49k
Solvency
83.5%▼
2024 · 95.5%
Current ratio
6.04▼
2024 · 22.20
Quick ratio
6.04▼
2024 · 22.20
Debt / equity
0.20▲
2024 · 0.05
ROE
29.7%▲
2024 · 27.3%
ROA
24.8%▼
2024 · 26.1%
Interest coverage
125.06▲
2024 · 111.27
Debt
€42k▲
2024 · €8k
Debt ≤ 1 year
€42k▲
2024 · €8k
Income taxes
€25k▲
2024 · €20k
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€184k€256k▲
Fixed assets21/28€1k€385▼
Tangible fixed assets22/27€1k€385▼
Plant, machinery and equipment23€1k€385▼
Current assets29/58€183k€255k▲
Amounts receivable within one year40/41€3k€39k▲
Trade receivables40-€38k
Other amounts receivable41€3k€427▼
Cash at bank and in hand54/58€178k€215k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€184k€256k▲
Equity10/15€176k€213k▲
Contributions10/11€10k€10k=
Reserves13€164k€202k▲
Distributable reserves133€164k€202k▲
Profit (loss) carried forward14€1k€1k=
Amounts payable17/49€8k€42k▲
Amounts payable within one year42/48€8k€42k▲
Trade debts44€2k€555▼
Suppliers440/4€2k€555▼
Taxes, remuneration and social security45€6k€16k▲
Taxes450/3€6k€16k▲
Other amounts payable47/48€583€25k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€722€678▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€72k€91k▲
Operating profit (loss)9901€68k€89k▲
Financial income75/76B€355€265▼
Recurring financial income75€355€265▼
Financial charges65/66B€618€716▲
Recurring financial charges65€618€716▲
Profit (loss) for the period before taxes9903€68k€88k▲
Income taxes67/77€20k€25k▲
Profit (loss) for the period9904€48k€63k▲
Profit (loss) for the period to be appropriated9905€48k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€64k▲
Profit (loss) brought forward from the previous period14P€1k€1k=
Transfer from equity791/2-€25k
Transfer to equity691/2€47k€63k▲
To other reserves6921€47k€63k▲
Profit to be distributed694/7€833€25k▲
Return on contributions (dividend)694€833€25k▲
The notes to these accounts (4 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Highest result since 2020net €63k ▲32%
Operating result €89k, net result €63k, both a record.
31-12
Financial
Equity above €200kEq €213k ▲21.6%
6 profitable years in a row build equity to €213k.
20-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 51 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 22.20
Current ratio from 8.59 to 22.20; short-term debt falls from €17k to €8k.
31-12
Financial
Equity above €150kEq €176k ▲36.7%
5 profitable years in a row build equity to €176k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €100kEq €128k ▲36.9%
4 profitable years in a row build equity to €128k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Weakest financial yearnet €18k ▼27.2%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Merchtem · 1 establishment unit since 2020
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.
Bleukenweg 701785 MerchtemGround area
255 m²
Building footprint
83 m²
Parcel 23052E0234/00F000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
NOEL
since 20202.299.152.396
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23052E0234/00F000 | Flanders | 255 m² | 1 · 83 m² | 0.1 m |
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.
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,577. 39,575 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2020
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.