NOESIS SOLUTIONS
ActiveSummary
NOESIS SOLUTIONS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.4m and a net result of €708,562. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 59% of 9619 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▲+86
Solvency71▲+2
Growth74▲+30
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity ample (current ratio 3.2 against 4.3 in 2023; short-term debt: 26.6% and cash: 50% of total assets), but 53.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 2024Solvency, return and age of the figures
Solvency
46.2%
Return on assets
13.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
23 d late
2022
6 d early
2021
11 d late
2020
50 d early
2019
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 4 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€4.1m▲ 17.4%
2020 · €3.5m
EBIT margin
24.8%▲ 48.4pp
2020 · -23.7%
Net result
€708,562
2023 · -€707,510
Working capital
€3.1m▲ 13.1%
2023 · €2.7m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€3.5m▲ 26.4%€4.1m▲ 17.4%
Operating result-€827,613▼ 156%€1.0m€197,738▼ 80.6%-€589,298€605,551
Net result-€864,435▼ 182%€992,794€225,900▼ 77.2%-€707,510€708,562
EBIT margin-23.7%▼ 12.0pp24.8%▲ 48.4pp
Equity€1.2m▼ 41.6%€2.2m▲ 81.8%€2.4m▲ 10.2%€1.7m▼ 29.1%€2.4m▲ 41.1%
Total assets€3.8m▲ 3.5%€5.0m▲ 30.9%€5.0m▼ 0.5%€3.9m▼ 21.5%€5.3m▲ 34.2%
Debt€1.9m▲ 17.1%€2.1m▲ 8.5%€2.2m▲ 6.4%€2.0m▼ 8.0%€2.7m▲ 31.2%
Working capital€2.7m▲ 7.1%€3.6m▲ 35.4%€3.7m▲ 4.0%€2.7m▼ 27.0%€3.1m▲ 13.1%
Staff (FTE)17.7▲ 14.2%15.5▼ 12.4%14▼ 9.7%13.8▼ 1.4%13.5▼ 2.2%
Why a figure moved sharply
- 2022 Net result -77% on 2021. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €605,551 after a loss of €589,298 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.3m
Fixed assets
€770,155 ▲ 114%
Current assets
€4.5m ▲ 26.1%
Equity and liabilities €5.3m
Equity
€2.4m ▲ 41.1%
Provisions
€172,346 =
Debt
€2.7m ▲ 31.2%
Debt's share of the balance-sheet total falls from 51.6% to 50.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€632,917▲
2023 · -€563,588
Cash flow
€735,928▲
2023 · -€681,800
Current ratio
3.20▼
2023 · 4.30
Debt to equity
1.09▼
2023 · 1.17
ROE
29.1%▲
2023 · -41.0%
ROA
13.5%▲
2023 · -18.0%
Interest coverage
34.07▲
2023 · -6.73
Debt ≤ 1 year
€1.4m▲
2023 · €828,545
Income taxes
€3,447▼
2023 · €44,392
Staff costs
€1.6m▲
2023 · €1.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 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% | 1.6% |
| 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 74% 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 20,082 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €4.1m | - | - | - | - |
| Turnover70 | €3.5m | €4.1m | - | - | - | - |
| Other operating income74 | - | €27,003 | - | - | - | - |
| Operating charges60/66A | - | €3.1m | - | - | - | - |
| Services and other goods61 | - | €1.4m | - | - | - | - |
| Remuneration, social security and pensions62 | - | €1.7m | €1.5m | €1.6m | €1.6m | ▲ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,711 | €44,565 | €32,300 | €25,709 | €27,365 | ▲ 6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€15,320 | €22,773 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€383,557 | -€190,564 | - | - |
| Other operating charges640/8 | - | €5,591 | €22,363 | €17,231 | €34,842 | ▲ 102% |
| Non-recurring operating charges66A | - | €22,521 | €383,557 | €189,654 | - | - |
| Gross operating margin9900 | - | - | €1.8m | €1.1m | €2.3m | ▲ 116% |
| Operating profit (loss)9901 | -€827,613 | €1.0m | €197,738 | -€589,298 | €605,551 | ▲ 203% |
| Financial income75/76B | - | €160,471 | €60,711 | €9,948 | €125,034 | ▲ 1,157% |
| Recurring financial income75 | €19,858 | €160,471 | €60,711 | €9,948 | €125,034 | ▲ 1,157% |
| Income from financial fixed assets750 | - | €80,000 | - | - | - | - |
| Other financial income752/9 | - | €80,471 | - | - | - | - |
| Financial charges65/66B | - | €49,697 | €32,268 | €83,768 | €18,576 | ▼ 77.8% |
| Recurring financial charges65 | €56,680 | €49,697 | €32,268 | €83,768 | €18,576 | ▼ 77.8% |
| Debt charges650 | €6,184 | €7,455 | - | - | - | - |
| Other financial charges652/9 | - | €42,243 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€864,435 | €1.1m | €226,181 | -€663,118 | €712,009 | ▲ 207% |
| Income taxes67/77 | - | €135,062 | €280 | €44,392 | €3,447 | ▼ 92.2% |
| Taxes670/3 | - | €135,062 | - | - | - | - |
| Profit (loss) for the period9904 | -€864,435 | €992,794 | €225,900 | -€707,510 | €708,562 | ▲ 200% |
| Profit (loss) for the period to be appropriated9905 | -€864,435 | €992,794 | €225,900 | -€707,510 | €708,562 | ▲ 200% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.8m | €5.0m | €5.0m | €3.9m | €5.3m | ▲ 34.2% |
| Fixed assets21/28 | €393,726 | €350,648 | €338,306 | €359,320 | €770,155 | ▲ 114% |
| Intangible fixed assets21 | €43,425 | €23,274 | €11,095 | €3,123 | €402,869 | ▲ 12,801% |
| Tangible fixed assets22/27 | €55,983 | €33,056 | €32,893 | €21,879 | €10,378 | ▼ 52.6% |
| Plant, machinery and equipment23 | - | €9,429 | €21,707 | - | - | - |
| Furniture and vehicles24 | - | €14,484 | €8,159 | €21,879 | €10,378 | ▼ 52.6% |
| Other tangible fixed assets26 | - | €9,143 | €3,027 | €0 | €0 | = |
| Financial fixed assets28 | €294,318 | €294,318 | €294,318 | €334,318 | €356,908 | ▲ 6.8% |
| Affiliated companies280/1 | - | €287,789 | - | - | - | - |
| Participating interests280 | - | €287,789 | - | - | - | - |
| Other financial fixed assets284/8 | - | €6,529 | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | €6,529 | - | - | - | - |
| Current assets29/58 | €3.4m | €4.7m | €4.7m | €3.6m | €4.5m | ▲ 26.1% |
| Amounts receivable within one year40/41 | €1.9m | €2.4m | €1.7m | €1.6m | €1.8m | ▲ 12.9% |
| Trade receivables40 | - | €2.3m | €1.7m | €1.5m | €1.7m | ▲ 11.7% |
| Other amounts receivable41 | - | €16,923 | €6,694 | €11,645 | €31,677 | ▲ 172% |
| Cash at bank and in hand54/58 | €1.4m | €2.2m | €2.8m | €1.9m | €2.6m | ▲ 38.8% |
| Deferred charges and accrued income490/1 | - | €79,467 | €140,920 | €116,064 | €110,643 | ▼ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.8m | €5.0m | €5.0m | €3.9m | €5.3m | ▲ 34.2% |
| Equity10/15 | €1.2m | €2.2m | €2.4m | €1.7m | €2.4m | ▲ 41.1% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €1.2m | €2.1m | €2.4m | €1.7m | €2.4m | ▲ 42.6% |
| Non-distributable reserves130/1 | - | €40,100 | €40,100 | €40,100 | €40,100 | = |
| Legal reserve130 | - | €40,100 | €40,100 | €40,100 | €40,100 | = |
| Tax-exempt reserves132 | - | €656 | €656 | €656 | €656 | = |
| Distributable reserves133 | - | €2.1m | €2.3m | €1.6m | €2.3m | ▲ 43.7% |
| Provisions and deferred taxes16 | €714,483 | €745,557 | €362,000 | €172,346 | €172,346 | = |
| Provisions for liabilities and charges160/5 | - | €745,557 | €362,000 | €172,346 | €172,346 | = |
| Other liabilities and charges164/5 | - | €745,557 | €362,000 | €172,346 | €172,346 | = |
| Amounts payable17/49 | €1.9m | €2.1m | €2.2m | €2.0m | €2.7m | ▲ 31.2% |
| Amounts payable within one year42/48 | €782,790 | €1.1m | €911,055 | €828,545 | €1.4m | ▲ 69.2% |
| Trade debts44 | €486,495 | €491,849 | €448,650 | €444,893 | €1.0m | ▲ 129% |
| Suppliers440/4 | - | €491,849 | €448,650 | €444,893 | €1.0m | ▲ 129% |
| Taxes, remuneration and social security45 | - | €576,765 | €462,405 | €383,652 | €384,425 | ▲ 0.2% |
| Taxes450/3 | - | €169,867 | €192,712 | €115,542 | €107,316 | ▼ 7.1% |
| Remuneration and social security454/9 | - | €406,898 | €269,693 | €268,110 | €277,109 | ▲ 3.4% |
| Accrued charges and deferred income492/3 | - | €1.0m | €1.3m | €1.2m | €1.3m | ▲ 5.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€864,435 | €992,794 | €225,900 | -€707,510 | €708,562 | ▲ 200% |
| + Depreciation and write-downs630 | €67,711 | €44,565 | €32,300 | €25,709 | €27,365 | ▲ 6.4% |
| Operating cash flow (approximation) | -€796,724 | €1.0m | €258,201 | -€681,800 | €735,928 | ▲ 208% |
| Investment in fixed assets (approximation) | - | -€1,487 | -€19,959 | -€46,723 | -€438,201 | ▼ 838% |
| Change in cash | - | €872,801 | €605,852 | -€936,212 | €735,361 | ▲ 179% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Back to profitnet €708,562
Net result €708,562 after one loss-making year.
31-12
Financial
Equity above €2mEq €2.4m ▲41.1%
Equity rises from €1.7m to €2.4m.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 23 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 11 days late
2021
31-12
Financial
Back to profitnet €992,794
Net result €992,794 after 2 loss-making years.
31-12
Financial
Equity above €2mEq €2.2m ▲81.8%
Equity rises from €1.2m to €2.2m.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€864,435
Net result drops to -€864,435, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 30 acts read
About the unread acts
We know of 30 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
30 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, Leuven · 1 establishment unit since 2003
Ground area
1.2 ha
Building footprint
1,367 m²
Parcel 24040B0224/00B000, Flanders. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
NOESIS SOLUTIONS
since 20032.132.883.510
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24040B0224/00B000 | Flanders | 1.2 ha | 1 · 1,367 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.
Structure & network
Owners and holdings
1 owner · 3 holdingsOwners 1
- Cybernet Systems Ltd NVJPparentSourceown accounts 2024100%
Holdings 3
- Noesis Engineering Software (Shanghai)CNsubsidiarySourceown accounts 2024Equity €983,626Result €340,364100%
-
100%
-
100%
According to the 2024 annual accounts of NOESIS SOLUTIONS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 5 entries · 29,064 EUR awarded · 29,064 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 9,723 EUR | 9,723 EUR |
| 2023 | 2 | 9,849 EUR | 9,849 EUR |
| 2022 | 2 | 9,492 EUR | 9,492 EUR |
European research
14 projects · 2 as coordinator · 1,725,187 EUR EU contributionProgrammes
Projects
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Factories of the Future Resources, Technology, Infrastructure and Services for Simulation and Modelling 2
AIRFRAME ITD
Hybrid Adaptive Robust Optimization Strategy for EWIS High Dimensional systems
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Manufacturing Error-free Goods at First Time
Integrated management of product heterogeneous data
Removal and Mitigation of Pollution from the Use of Pesticides: Prevention, Recycling and Resource Management
Physical Architecture Optimization System
Electrical Harness and Wires Analysis and optimiZation
Computational Cloud Services and Workflows for Agile Engineering
Factories of the Future Resources, Technology, Infrastructure and Services for Simulation and Modelling
Grid-friendly software licensing for location independent application execution
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Of 3,223 companies in sector 47400 we hold annual accounts for 1,806. 468 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-07-2003
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
62100Computer programming
Contact
E-mail
executive-office@noesissolutions.com
Website
www.noesissolutions.comLeuven
Phone
3116317040Leuven
E-invoicing
Reachable via Peppol
Peppol ID
0208:0859625975
Also
9925:BE0859625975
Registered
12-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.