NOEL BAU

Active

Private limited companyfounded 20197 yrs activeKrinkelt,Mürringer Weg 24, 4761 Büllingen, BelgiumKBO/BCE: BE 0724.585.644

The computed 12-month bankruptcy probability of NOEL BAU is 2.0% (moderate). The 2025 annual accounts show equity of €111k and a net result of €7k. Equity is growing by ~27.7% per year across the filed fiscal years. Its solvency ranks better than 29% of 7692 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

61 / 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

Profitability71▼-4

Solvency52▲+2

Growth78=

Track record100

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity tight (current ratio 1.19 against 1.04 in 2024; short-term debt: 24.8% and cash: 14.9% of total assets), and 72.8% 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

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

−lowers risk+raises risk○neutral

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 sector

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

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

27.2%

Return on assets

1.8%

Age of the figures

9 mo

Higher-failure-rate region

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

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

52 d early

2024

37 d early

2023

50 d early

2022

27 d early

2021

33 d early

2020

30 d early

2019

52 d early

← 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

16-09-2026 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, abbreviated schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€7k▼ 64.9%

2024 · €21k

2019: €2k 2020: €8k 2021: €10k 2022: €22k 2023: €18k 2024: €21k

2019 → 2025

Working capital

€20k▲ 454%

2024 · €4k

2019: €-113k 2020: €-104k 2021: €-93k 2022: €-67k 2023: €-7k 2024: €4k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€39k-€60k▲ 55.7%€84k▲ 39.4%€104k▲ 24.3%€111k▲ 6.6%

Operating result€11k-€23k▲ 106%€18k▼ 22.4%€26k▲ 43.6%€11k▼ 58.6%

Net result€10k-€22k▲ 112%€18k▼ 15.8%€21k▲ 14.0%€7k▼ 64.9%

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 59% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €408k

70.4%

29.6%

Fixed assets €288k▼ 9.3%

Current assets €121k▲ 29.4%

Equity and liabilities €408k

27.2%

72.8%

Equity €111k▲ 6.6%

Debt €297k▼ 2.9%

The debt ratio falls from 74.6% to 72.8%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€50k▼

2024 · €60k

Cash flow

€47k▼

2024 · €55k

Solvency

27.2%▲

2024 · 25.4%

Current ratio

1.19▲

2024 · 1.04

Quick ratio

1.19▲

2024 · 1.04

Debt / equity

2.67▼

2024 · 2.93

ROE

6.5%▼

2024 · 19.8%

ROA

1.8%▼

2024 · 5.0%

Interest coverage

12.02▼

2024 · 14.45

Debt

€297k▼

2024 · €306k

Debt ≤ 1 year

€101k▲

2024 · €90k

Debt > 1 year

€196k▼

2024 · €216k

Income taxes

€3k▼

2024 · €4k

Staff costs

€21k▼

2024 · €72k

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€411k€408k▼

Fixed assets21/28€317k€288k▼

Tangible fixed assets22/27€317k€288k▼

Land and buildings22€237k€224k▼

Plant, machinery and equipment23€24k€14k▼

Furniture and vehicles24€57k€50k▼

Current assets29/58€93k€121k▲

Amounts receivable within one year40/41€83k€55k▼

Trade receivables40€83k€55k▼

Cash at bank and in hand54/58€7k€61k▲

Deferred charges and accrued income490/1€3k€4k▲

Equity and liabilities

Total equity and liabilities10/49€411k€408k▼

Equity10/15€104k€111k▲

Contributions10/11€20k€20k=

Capital10€20k€20k=

Issued capital100€20k€20k=

Profit (loss) carried forward14€79k€86k▲

Investment grants15€5k€5k▼

Amounts payable17/49€306k€297k▼

Amounts payable after more than one year17€216k€196k▼

Financial debts170/4€216k€196k▼

Amounts payable within one year42/48€90k€101k▲

Current portion of amounts payable after more than one year42€20k€20k▲

Trade debts44€15k€20k▲

Suppliers440/4€15k€20k▲

Taxes, remuneration and social security45€3k€9k▲

Taxes450/3-€3k

Remuneration and social security454/9€3k€7k▲

Other amounts payable47/48€52k€52k▼

Income statement Code20242025

Non-recurring operating income76A€10k-

Remuneration, social security and pensions62€72k€21k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€39k▲

Other operating charges640/8€6k€1k▼

Gross operating margin9900€138k€73k▼

Operating profit (loss)9901€26k€11k▼

Financial income75/76B€3k€4k▲

Recurring financial income75€3k€4k▲

Financial charges65/66B€4k€4k▲

Recurring financial charges65€4k€4k▲

Profit (loss) for the period before taxes9903€25k€10k▼

Income taxes67/77€4k€3k▼

Profit (loss) for the period9904€21k€7k▼

Profit (loss) for the period to be appropriated9905€21k€7k▼

Appropriation of the result

Profit (loss) to be appropriated9906€79k€86k▲

Profit (loss) brought forward from the previous period14P€58k€79k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 2Filings 7

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

2026

09-06

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

24-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Equity above €100kEq €104k ▲24.3%

6 profitable years in a row build equity to €104k.

11-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

04-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Highest result since 2019net €22k ▲112%

Net result €22k, the highest in the series.

28-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

01-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

09-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

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, Büllingen · 1 establishment unit since 2019

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.

Krinkelt,Mürringer Weg 244761 Büllingen

1 establishment unit

NOEL BAU

Krinkelt,Mürringer Weg 24, 4761 BüllingenConstruction of residential and non-residential buildings

since 20192.288.633.143

Similar companies · same sector, comparable size

Sint-Niklaas · Eq €111k

Of 11,140 companies in sector 43910 we hold annual accounts for 5,485. 4,794 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-04-2019

Fiscal year end31-12

Activities, NACEBEL

43910Bricklaying and masonry work

43990Other specialised construction activities

43994Specialised construction activities

43995Specialised construction activities

81220Other building cleaning and industrial cleaning

Sources

Crossroads Bank for EnterprisesNational Bank · 7 filings

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.