NOEM

Active

Private limited companyfounded 200521 yrs activeLouizalaan 54, 1050 Elsene, BelgiumKBO/BCE: BE 0874.756.985

NOEM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-46k) and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 13898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

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Checked score

Score 2025

15 / 100

Critical▲ +8 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability57▼-12

Solvency33=

Growth32=

Stability100

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

balance sheet total too small for a liquidity verdict, and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Age of the figures

8 mo

Higher-failure-rate region

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

KBO · registered office

Lower-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€46k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-04-2026, 109 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

109 d early

2024

31 d early

2023

45 d early

2022

31 d early

2021

9 d early

2020

7 d late

2019

67 d late

← 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

13-09-2026 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, micro schema

Equity

€-46k▼ 12.9%

2024 · €-41k

2018: €38k 2019: €-34k 2020: €-172k 2021: €-285k 2022: €-371k 2023: €-35k 2024: €-41k

2018 → 2025

Total assets

€397▼ 30.6%

2024 · €572

2018: €2.57M 2019: €2.59M 2020: €2.39M 2021: €2.29M 2022: €2.23M 2023: €7k 2024: €572

2018 → 2025

Net result

€-5k▲ 6.3%

2024 · €-6k

2018: €-2k 2019: €-72k 2020: €-138k 2021: €-113k 2022: €-85k 2023: €336k 2024: €-6k

2018 → 2025

Working capital

€-46k▼ 12.4%

2024 · €-41k

2018: €-2.46M 2019: €-2.45M 2020: €-2.50M 2021: €-2.53M 2022: €-2.52M 2023: €-37k 2024: €-41k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-285k-€-371k▼ 29.9%€-35k▲ 90.6%€-41k▼ 16.0%€-46k▼ 12.9%

Operating result€-111k-€-83k▲ 25.4%€337k€-5k€-5k▲ 6.3%

Net result€-113k-€-85k▲ 24.6%€336k€-6k€-5k▲ 6.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €5k in 2025 against €5k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €397

50.4%

49.6%

Fixed assets €200▼ 42.5%

Current assets €197▼ 12.0%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-5k▼

2024 · €-3k

Cash flow

€-5k▼

2024 · €-4k

Interest coverage

-23.53▼

2024 · -15.75

Debt

€46k▲

2024 · €41k

Debt ≤ 1 year

€46k▲

2024 · €41k

Ratios withheld: a balance sheet total of €397 is too small for a meaningful ratio.

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€572€397▼

Fixed assets21/28€348€200▼

Tangible fixed assets22/27€148-

Furniture and vehicles24€148-

Financial fixed assets28€200€200=

Current assets29/58€224€197▼

Cash at bank and in hand54/58€224€197▼

Equity and liabilities

Total equity and liabilities10/49€572€397▼

Equity10/15€-41k€-46k▼

Contributions10/11€120k€120k=

Profit (loss) carried forward14€-161k€-166k▼

Amounts payable17/49€41k€46k▲

Amounts payable within one year42/48€41k€46k▲

Other amounts payable47/48€41k€46k▲

Income statement Code20242025

Non-recurring operating income76A€3k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€148▼

Other operating charges640/8€761-

Gross operating margin9900€-3k€-5k▼

Operating profit (loss)9901€-5k€-5k▲

Financial charges65/66B€220€207▼

Recurring financial charges65€220€207▼

Profit (loss) for the period before taxes9903€-6k€-5k▲

Profit (loss) for the period9904€-6k€-5k▲

Profit (loss) for the period to be appropriated9905€-6k€-5k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-161k€-166k▼

Profit (loss) brought forward from the previous period14P€-155k€-161k▼

The notes to these accounts (6 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 12Financial 2Filings 10

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

2026

13-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

16-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €336k

Net result €336k after 5 loss-making years.

30-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

22-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

07-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 7 days late

2020

31-12

Financial Weakest financial yearnet €-138k

Net result drops to €-138k, the lowest in the series; recovery starts the following year.

06-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 67 days late

2019

28-11

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 120 days late

2018

17-04

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

24-04

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

12 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, Elsene · 1 establishment unit since 2005

establishment The establishment unit on the map

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.

Louizalaan 541050 Elsene

Ground area

1,625 m²

Building footprint

1,286 m²

Volume, LiDAR

34,999 m³