NOELAC
ActiveSummary
NOELAC has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46,424 and a net result of €6,000. Equity is growing by ~31.2% per year across the filed fiscal years. Its solvency ranks better than 37% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-16
Solvency67▼-33
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.53 against 5.4 in 2024; short-term debt: 58.1% and cash: 38.6% of total assets), but 58.1% of the assets are financed with debt.
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Signals
Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
41.9%
Return on assets
5.4%
Age of the figures
9 mo
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
44 d early
2023
36 d early
2022
40 d early
2021
45 d early
2020
39 d early
2019
11 d early
← 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 40 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 17 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€46,424▼ 53.4%
2024 · €99,658
Total assets
€110,693▼ 6.7%
2024 · €118,604
Net result
€6,000▼ 72.8%
2024 · €22,098
Working capital
€33,929▼ 59.3%
2024 · €83,278
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21,921▼ 28.7%€75,514▲ 244%€44,209▼ 41.5%€31,038▼ 29.8%€11,239▼ 63.8%
Net result€15,063within the sector's middle half▼ 36.0%€49,235within the sector's middle half▲ 227%€31,384within the sector's middle half▼ 36.3%€22,098within the sector's middle half▼ 29.6%€6,000below the sector's middle half▼ 72.8%
Equity€42,826within the sector's middle half▲ 1.8%€92,061within the sector's middle half▲ 115%€92,061within the sector's middle half=€99,658within the sector's middle half▲ 8.3%€46,424within the sector's middle half▼ 53.4%
Total assets€70,700below the sector's middle half▲ 46.7%€99,798within the sector's middle half▲ 41.2%€123,807within the sector's middle half▲ 24.1%€118,604within the sector's middle half▼ 4.2%€110,693within the sector's middle half▼ 6.7%
Debt€27,874▲ 355%€7,737▼ 72.2%€31,746▲ 310%€18,946▼ 40.3%€64,269▲ 239%
Working capital€20,513within the sector's middle half▼ 27.9%€73,071within the sector's middle half▲ 256%€71,483within the sector's middle half▼ 2.2%€83,278within the sector's middle half▲ 16.5%€33,929within the sector's middle half▼ 59.3%
Solvency60.6%within the sector's middle half▼ 26.7pp92.2%above the sector's middle half▲ 31.7pp74.4%within the sector's middle half▼ 17.9pp84.0%above the sector's middle half▲ 9.7pp41.9%within the sector's middle half▼ 42.1pp
Current ratio1.74within the sector's middle half▼ 3.9010.44above the sector's middle half▲ 8.713.25within the sector's middle half▼ 7.195.40above the sector's middle half▲ 2.141.53within the sector's middle half▼ 3.87
Return on assets (ROA)21.3%within the sector's middle half▼ 27.5pp49.3%above the sector's middle half▲ 28.0pp25.3%within the sector's middle half▼ 24.0pp18.6%within the sector's middle half▼ 6.7pp5.4%below the sector's middle half▼ 13.2pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting 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 has fallen three years in a row; 2025 is 64% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €110,693
Fixed assets
€12,495 ▼ 23.7%
Current assets
€98,198 ▼ 3.9%
Equity and liabilities €110,693
Equity
€46,424 ▼ 53.4%
Debt
€64,269 ▲ 239%
Debt's share of the balance-sheet total rises from 16.0% to 58.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15,124▼
2024 · €35,246
Cash flow
€9,886▼
2024 · €26,306
Debt to equity
1.38▲
2024 · 0.19
ROE
12.9%▼
2024 · 22.2%
Interest coverage
52.09▼
2024 · 132.18
Debt ≤ 1 year
€64,269▲
2024 · €18,946
Income taxes
€5,056▼
2024 · €8,736
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 | - | - | - | €8,328 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,951 | €5,146 | €6,476 | €4,208 | €3,886 | ▼ 7.7% |
| Other operating charges640/8 | €786 | €791 | €857 | €2,137 | €3,909 | ▲ 82.9% |
| Gross operating margin9900 | €26,658 | €81,451 | €51,542 | €37,383 | €19,034 | ▼ 49.1% |
| Operating profit (loss)9901 | €21,921 | €75,514 | €44,209 | €31,038 | €11,239 | ▼ 63.8% |
| Financial income75/76B | €5 | €0 | €73 | €63 | €108 | ▲ 72.4% |
| Recurring financial income75 | €5 | €0 | €73 | €63 | €108 | ▲ 72.4% |
| Financial charges65/66B | €386 | €292 | €376 | €267 | €290 | ▲ 8.9% |
| Recurring financial charges65 | €386 | €292 | €376 | €267 | €290 | ▲ 8.9% |
| Profit (loss) for the period before taxes9903 | €21,540 | €75,222 | €43,906 | €30,834 | €11,057 | ▼ 64.1% |
| Income taxes67/77 | €6,478 | €25,988 | €12,521 | €8,736 | €5,056 | ▼ 42.1% |
| Profit (loss) for the period9904 | €15,063 | €49,235 | €31,384 | €22,098 | €6,000 | ▼ 72.8% |
| Profit (loss) for the period to be appropriated9905 | €15,063 | €49,235 | €31,384 | €22,098 | €6,000 | ▼ 72.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70,700 | €99,798 | €123,807 | €118,604 | €110,693 | ▼ 6.7% |
| Fixed assets21/28 | €22,313 | €18,989 | €20,578 | €16,380 | €12,495 | ▼ 23.7% |
| Tangible fixed assets22/27 | €21,263 | €17,939 | €19,528 | €15,330 | €11,445 | ▼ 25.3% |
| Plant, machinery and equipment23 | €464 | €1,308 | €1,665 | €1,623 | €681 | ▼ 58.1% |
| Furniture and vehicles24 | €9,376 | €7,182 | €4,131 | €2,642 | €2,087 | ▼ 21.0% |
| Other tangible fixed assets26 | €11,422 | €9,449 | €13,732 | €11,066 | €8,677 | ▼ 21.6% |
| Financial fixed assets28 | €1,050 | €1,050 | €1,050 | €1,050 | €1,050 | = |
| Current assets29/58 | €48,388 | €80,809 | €103,229 | €102,224 | €98,198 | ▼ 3.9% |
| Amounts receivable after more than one year29 | - | - | €45,000 | €45,000 | €45,000 | = |
| Other amounts receivable291 | - | - | €45,000 | €45,000 | €45,000 | = |
| Amounts receivable within one year40/41 | €322 | €0 | €7,485 | €2,831 | €1,576 | ▼ 44.3% |
| Trade receivables40 | - | - | - | €301 | €0 | ▼ 100% |
| Other amounts receivable41 | €322 | €0 | €7,485 | €2,530 | €1,576 | ▼ 37.7% |
| Cash at bank and in hand54/58 | €46,785 | €79,754 | €50,051 | €45,770 | €42,716 | ▼ 6.7% |
| Deferred charges and accrued income490/1 | €1,281 | €1,055 | €694 | €8,623 | €8,906 | ▲ 3.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70,700 | €99,798 | €123,807 | €118,604 | €110,693 | ▼ 6.7% |
| Equity10/15 | €42,826 | €92,061 | €92,061 | €99,658 | €46,424 | ▼ 53.4% |
| Contributions10/11 | €12,400 | €14,260 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €30,426 | €77,801 | €79,661 | €87,258 | €34,024 | ▼ 61.0% |
| Non-distributable reserves130/1 | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | €28,566 | €77,801 | €79,661 | €87,258 | €34,024 | ▼ 61.0% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €27,874 | €7,737 | €31,746 | €18,946 | €64,269 | ▲ 239% |
| Amounts payable within one year42/48 | €27,874 | €7,737 | €31,746 | €18,946 | €64,269 | ▲ 239% |
| Current portion of amounts payable after more than one year42 | €3,998 | €0 | - | - | - | - |
| Trade debts44 | €315 | €264 | €340 | €1,464 | €3,354 | ▲ 129% |
| Suppliers440/4 | €315 | €264 | €340 | €1,464 | €3,354 | ▲ 129% |
| Taxes, remuneration and social security45 | €6,232 | €5,988 | €0 | €760 | €600 | ▼ 21.0% |
| Taxes450/3 | €6,232 | €5,988 | €0 | €760 | €600 | ▼ 21.0% |
| Other amounts payable47/48 | €17,330 | €1,485 | €31,406 | €16,722 | €60,315 | ▲ 261% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,063 | €49,235 | €31,384 | €22,098 | €6,000 | ▼ 72.8% |
| + Depreciation and write-downs630 | €3,951 | €5,146 | €6,476 | €4,208 | €3,886 | ▼ 7.7% |
| Operating cash flow (approximation) | €19,013 | €54,380 | €37,860 | €26,306 | €9,886 | ▼ 62.4% |
| Investment in fixed assets (approximation) | - | -€1,822 | -€8,064 | -€11 | €0 | ▲ 100% |
| Change in cash | - | €32,969 | -€29,703 | -€4,281 | -€3,055 | ▲ 28.6% |
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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €49,235 ▲227%
Operating result €75,514, net result €49,235, both a record.
31-12
Financial
Liquidity times 6current ratio 10.44
Current ratio from 1.74 to 10.44; short-term debt falls from €27,874 to €7,737.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 5current ratio 5.64
Current ratio from 1.24 to 5.64; short-term debt falls from €14,732 to €6,133.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €1,427 ▼94%
Net result drops to €1,427, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
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 2 acts read
About the unread acts
We know of 2 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
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, Genappe · 1 establishment unit since 2005
Ground area
3,928 m²
Building footprint
72 m²
Parcel 25106G0096/02F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
NOELAC
since 20052.188.971.680
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25106G0096/02F000 | Wallonia | 3,928 m² | 1 · 72 m² | - |
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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Of 22,076 companies in sector 69101 we hold annual accounts for 9,061. 7,191 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
Founded31-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
82300Organisation of conventions and trade shows
85593Socio-cultural adult education
90201Performing arts by independent artists
90202Performing arts by artistic ensembles
90111Literary creation
90391Promotion and organisation of arts and performing arts events
93299Other amusement and recreation activities
Contact
E-mail
lachkar@avocat-lachkar.beGenappe
Phone
010 61 36 28Genappe
Fax
010 61 36 28Genappe
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875790729
Also
9925:BE0875790729
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.