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 €46k and a net result of €6k. Equity is growing by ~31.2% per year across the filed fiscal years. Its solvency ranks better than 37% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
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 €3.5k 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.
Credit advice for your own amount and term
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
Sector 69
lower
← 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 →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€46k▼ 53.4%
2024 · €100k
2018: €17k
2019: €19k
2020: €42k
2021: €43k
2022: €92k
2023: €92k
2024: €100k
2018 → 2025
Total assets
€111k▼ 6.7%
2024 · €119k
2018: €50k
2019: €33k
2020: €48k
2021: €71k
2022: €100k
2023: €124k
2024: €119k
2018 → 2025
Net result
€6k▼ 72.8%
2024 · €22k
2018: €24k
2019: €1k
2020: €24k
2021: €15k
2022: €49k
2023: €31k
2024: €22k
2018 → 2025
Working capital
€34k▼ 59.3%
2024 · €83k
2018: €-847
2019: €4k
2020: €28k
2021: €21k
2022: €73k
2023: €71k
2024: €83k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€92k▲ 115%€92k=€100k▲ 8.3%€46k▼ 53.4%
Operating result€22k-€76k▲ 244%€44k▼ 41.5%€31k▼ 29.8%€11k▼ 63.8%
Net result€15k-€49k▲ 227%€31k▼ 36.3%€22k▼ 29.6%€6k▼ 72.8%
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 €111k
Fixed assets
€12k ▼ 23.7%
Current assets
€98k ▼ 3.9%
Equity and liabilities €111k
Equity
€46k ▼ 53.4%
Debt
€64k ▲ 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
€15k▼
2024 · €35k
Cash flow
€10k▼
2024 · €26k
Current ratio
1.53▼
2024 · 5.40
Debt to equity
1.38▲
2024 · 0.19
ROE
12.9%▼
2024 · 22.2%
ROA
5.4%▼
2024 · 18.6%
Interest coverage
52.09▼
2024 · 132.18
Debt ≤ 1 year
€64k▲
2024 · €19k
Income taxes
€5k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€119k€111k▼
Fixed assets21/28€16k€12k▼
Tangible fixed assets22/27€15k€11k▼
Plant, machinery and equipment23€2k€681▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€11k€9k▼
Financial fixed assets28€1k€1k=
Current assets29/58€102k€98k▼
Amounts receivable after more than one year29€45k€45k=
Other amounts receivable291€45k€45k=
Amounts receivable within one year40/41€3k€2k▼
Trade receivables40€301€0▼
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€46k€43k▼
Deferred charges and accrued income490/1€9k€9k▲
Equity and liabilities
Total equity and liabilities10/49€119k€111k▼
Equity10/15€100k€46k▼
Contributions10/11€12k€12k=
Reserves13€87k€34k▼
Distributable reserves133€87k€34k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€19k€64k▲
Amounts payable within one year42/48€19k€64k▲
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€760€600▼
Taxes450/3€760€600▼
Other amounts payable47/48€17k€60k▲
Income statement
Code20242025
Non-recurring operating income76A€8k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€37k€19k▼
Operating profit (loss)9901€31k€11k▼
Financial income75/76B€63€108▲
Recurring financial income75€63€108▲
Financial charges65/66B€267€290▲
Recurring financial charges65€267€290▲
Profit (loss) for the period before taxes9903€31k€11k▼
Income taxes67/77€9k€5k▼
Profit (loss) for the period9904€22k€6k▼
Profit (loss) for the period to be appropriated9905€22k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€6k▼
Transfer from equity791/2-€59k
Transfer to equity691/2€8k€6k▼
To other reserves6921€8k€6k▼
Profit to be distributed694/7€15k€59k▲
Return on contributions (dividend)694€15k€59k▲
The notes to these accounts (12 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
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 €49k ▲227%
Operating result €76k, net result €49k, 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 €28k to €8k.
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 €15k to €6k.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €1k ▼94%
Net result drops to €1k, 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.
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
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.
Route de Lillois 361472 GenappeGround 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
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.
Similar companies · same sector, comparable size
ADVOCATENKANTOOR ERIK DE BIE
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BUREAU D'AVOCAT JULIE HENKINBRANT
BE 0798.198.548
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RIVAN
BE 1029.461.097
Deinze · Eq €46,465
Advocatenkantoor eNYS
BE 1013.506.082
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Advocatenkantoor NDH
BE 0797.341.582
Rumst · Eq €46,494
Of 22,058 companies in sector 69101 we hold annual accounts for 9,052. 7,183 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
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
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:lachkar@avocat-lachkar.be
Phone:010 61 36 28
Fax:010 61 36 28