NOEL FRANKLIN
ActiveNOEL FRANKLIN has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.59M and a net result of €1.49M. Equity is growing by ~50.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 217 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+6
Solvency60▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.66 in 2024; short-term debt: 58% and cash: 32.2% of total assets), and 64.7% 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 · 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
35.3%
Return on assets
33%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Sector 78
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
8 d early
2024
114 d late
2023
25 d early
2021
124 d early
2020
96 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, full schema
Turnover
€14.63M
EBIT margin
14.7%
Net result
€1.49M▲ 174%
2024 · €542k
2019: €-200k
2020: €132k
2021: €262k
2023: €635k
2024: €542k
2019 → 2025
Working capital
€1.03M▲ 20.1%
2024 · €855k
2019: €-135k
2020: €-28k
2021: €146k
2023: €672k
2024: €855k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Turnover€14.63M
Equity€32k-€294k▲ 824%€929k▲ 216%€1.47M▲ 58.3%€1.59M▲ 7.9%
Operating result€150k-€385k▲ 156%€971k▲ 153%€829k▼ 14.6%€2.15M▲ 160%
Net result€132k-€262k▲ 98.5%€635k▲ 142%€542k▼ 14.7%€1.49M▲ 174%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 160% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.50M
Fixed assets
€862k▼ 17.3%
Current assets
€3.64M▲ 69.3%
Equity and liabilities €4.50M
Equity
€1.59M▲ 7.9%
Debt
€2.92M▲ 69.2%
The debt ratio rises from 53.9% to 64.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.50M▲
2024 · €1.05M
Cash flow
€1.84M▲
2024 · €767k
Solvency
35.3%▼
2024 · 46.1%
Current ratio
1.39▼
2024 · 1.66
Quick ratio
1.39▼
2024 · 1.66
Debt / equity
1.84▲
2024 · 1.17
ROE
93.6%▲
2024 · 36.8%
ROA
33.0%▲
2024 · 17.0%
Interest coverage
71.49▲
2024 · 38.97
Debt
€2.92M▲
2024 · €1.72M
Debt ≤ 1 year
€2.61M▲
2024 · €1.30M
Debt > 1 year
€302k▼
2024 · €424k
Income taxes
€631k▲
2024 · €263k
Staff costs
€9.61M▲
2024 · €6.50M
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€3.19M€4.50M▲
Fixed assets21/28€1.04M€862k▼
Intangible fixed assets21€32k€27k▼
Tangible fixed assets22/27€925k€747k▼
Plant, machinery and equipment23€17k€12k▼
Furniture and vehicles24€750k€583k▼
Other tangible fixed assets26€158k€153k▼
Financial fixed assets28€87k€88k▲
Other financial fixed assets284/8-€88k
Amounts receivable and cash guarantees285/8-€88k
Current assets29/58€2.15M€3.64M▲
Amounts receivable within one year40/41€1.69M€2.13M▲
Trade receivables40€1.27M€1.57M▲
Other amounts receivable41€419k€560k▲
Cash at bank and in hand54/58€466k€1.45M▲
Deferred charges and accrued income490/1-€60k
Equity and liabilities
Total equity and liabilities10/49€3.19M€4.50M▲
Equity10/15€1.47M€1.59M▲
Contributions10/11€100k€100k=
Reserves13€1.37M€1.49M▲
Distributable reserves133€1.37M€1.49M▲
Amounts payable17/49€1.72M€2.92M▲
Amounts payable after more than one year17€424k€302k▼
Financial debts170/4€424k€302k▼
Credit institutions173-€302k
Amounts payable within one year42/48€1.30M€2.61M▲
Current portion of amounts payable after more than one year42€171k€180k▲
Financial debts43-€126k
Credit institutions430/8-€126k
Trade debts44€68k€314k▲
Suppliers440/4€68k€314k▲
Taxes, remuneration and social security45€1.06M€1.34M▲
Taxes450/3€230k€315k▲
Remuneration and social security454/9€826k€1.02M▲
Other amounts payable47/48-€658k
Accrued charges and deferred income492/3€3k€90▼
Income statement
Code20242025
Operating income70/76A-€14.68M
Turnover70-€14.63M
Other operating income74-€51k
Operating charges60/66A-€12.53M
Services and other goods61-€2.44M
Remuneration, social security and pensions62€6.50M€9.61M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€225k€352k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€64k▲
Other operating charges640/8€26k€44k▲
Non-recurring operating charges66A€4k€12k▲
Gross operating margin9900€7.59M-
Operating profit (loss)9901€829k€2.15M▲
Financial income75/76B€3k-
Recurring financial income75€3k-
Financial charges65/66B€27k€35k▲
Recurring financial charges65€27k€35k▲
Other financial charges652/9-€35k
Profit (loss) for the period before taxes9903€805k€2.12M▲
Income taxes67/77€263k€631k▲
Taxes670/3-€631k
Profit (loss) for the period9904€542k€1.49M▲
Profit (loss) for the period to be appropriated9905€542k€1.49M▲
Appropriation of the result
Profit (loss) to be appropriated9906€542k€1.49M▲
Transfer from equity791/2-€1.37M
From reserves792-€1.37M
Transfer to equity691/2€542k€1.49M▲
To other reserves6921€542k€1.49M▲
Profit to be distributed694/7-€1.37M
Return on contributions (dividend)694-€1.37M
Social balance
Average headcount (FTE)9087108.2164.6▲
The notes to these accounts (45 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2019net €1.49M ▲174%
Operating result €2.15M, net result €1.49M, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 114 days late
2024
30-09
Financial
Equity above €1MEq €1.47M ▲58.3%
4 profitable years in a row build equity to €1.47M.
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €500kEq €929k ▲216%
3 profitable years in a row build equity to €929k.
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €294k ▲824%
2 profitable years in a row build equity to €294k.
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €132k
Net result €132k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Harelbeke · 4 establishment units since 2018
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.
Stedestraat 518530 HarelbekeGround area
3.1 ha
Building footprint
4,467 m²
Volume, LiDAR
33,003 m³
4 parcels, Flanders · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
4 establishment units
NOEL FRANKLIN
since 20182.279.535.731
NOEL FRANKLIN
since 20212.324.183.841
NOEL FRANKLIN
since 20232.348.580.430
NOEL FRANKLIN
since 20232.350.036.321
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34323D0008/00X002 | Flanders | 1.7 ha | 1 · 1,745 m² | 10.3 m · 2 fl. |
| 33306B0341/00L000 | Flanders | 1.1 ha | 1 · 1,967 m² | 14.8 m · 4 fl. |
| 44012B0515/00X005 | Flanders | 2,267 m² | 1 · 556 m² | 0.1 m |
| 31403G0139/00D002 | Flanders | 497 m² | 1 · 199 m² | 10.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 24,053 EUR awarded · 23,591 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 5,338 EUR | 5,338 EUR |
| 2024 | 2 | 17,423 EUR | 17,677 EUR |
| 2023 | 1 | 848 EUR | 359 EUR |
| 2022 | 1 | 444 EUR | 217 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Similar companies · same sector, comparable size
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ROLLIT PAYROLL
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REAL INTERIM
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WERKERS in uitzenden
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Leuven · Eq €1.47M
Of 1,014 companies in sector 78200 we hold annual accounts for 645. 276 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-07-2018
Fiscal year end31-12
Activities, NACEBEL
78100Employment placement agencies
78200Temporary employment agencies and other provision of personnel
78300Employment activities
25530Machining of metals
43211General electrical installation work
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.