NOEST
ActiveSummary
NOEST has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €64k and a net result of €25k. Equity is growing by ~22% per year across the filed fiscal years. Its solvency ranks better than 27% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+12
Solvency55▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.72 against 1.19 in 2023; short-term debt: 22.7% and cash: 33.9% of total assets), but 70.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
raises risk · 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 2024Solvency, return and age of the figures
Solvency
29.7%
Return on assets
11.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
30 d late
2022
31 d late
2021
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€64k▲ 62.6%
2023 · €39k
2021: €31klowest in 4 years
2022: €36k▲ +17.1% vs 2021
2023: €39k▲ +7.6% vs 2022
2024: €64k▲ +62.6% vs 2023highest in 4 years
2021 → 2024
Total assets
€215k▲ 15.8%
2023 · €186k
2021: €185klowest in 4 years
2022: €215k▲ +16.1% vs 2021highest in 4 years
2023: €186k▼ -13.8% vs 2022
2024: €215k▲ +15.8% vs 2023
2021 → 2024
Net result
€25k▲ 787%
2023 · €3k
2021: €28khighest in 4 years
2022: €5k▼ -81.0% vs 2021
2023: €3k▼ -48.0% vs 2022lowest in 4 years
2024: €25k▲ +787% vs 2023
2021 → 2024
Working capital
€35k▲ 371%
2023 · €7k
2021: €12k
2022: €22k▲ +83.7% vs 2021
2023: €7k▼ -66.8% vs 2022lowest in 4 years
2024: €35k▲ +371% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€31k-€36k▲ 17.1%€39k▲ 7.6%€64k▲ 62.6%
2021: €31klowest in 4 years
2022: €36k▲ +17.1% vs 2021
2023: €39k▲ +7.6% vs 2022
2024: €64k▲ +62.6% vs 2023highest in 4 years
Operating result€40k-€10k▼ 75.4%€7k▼ 31.8%€35k▲ 430%
2021: €40khighest in 4 years
2022: €10k▼ -75.4% vs 2021
2023: €7k▼ -31.8% vs 2022lowest in 4 years
2024: €35k▲ +430% vs 2023
Net result€28k-€5k▼ 81.0%€3k▼ 48.0%€25k▲ 787%
2021: €28khighest in 4 years
2022: €5k▼ -81.0% vs 2021
2023: €3k▼ -48.0% vs 2022lowest in 4 years
2024: €25k▲ +787% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 430% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €215k
Fixed assets
€131k ▼ 6.3%
Current assets
€84k ▲ 82.8%
Equity and liabilities €215k
Equity
€64k ▲ 62.6%
Debt
€151k ▲ 3.2%
Debt's share of the balance-sheet total falls from 78.8% to 70.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49k▲
2023 · €19k
Cash flow
€38k▲
2023 · €16k
Current ratio
1.72▲
2023 · 1.19
Debt to equity
2.37▼
2023 · 3.73
ROE
38.5%▲
2023 · 7.1%
ROA
11.4%▲
2023 · 1.5%
Interest coverage
21.84▲
2023 · 9.00
Debt ≤ 1 year
€49k▲
2023 · €38k
Debt > 1 year
€102k▼
2023 · €108k
Income taxes
€9k▲
2023 · €2k
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 · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€186k€215k▲
Fixed assets21/28€140k€131k▼
Tangible fixed assets22/27€140k€131k▼
Land and buildings22€111k€105k▼
Plant, machinery and equipment23-€914
Furniture and vehicles24€28k€25k▼
Current assets29/58€46k€84k▲
Amounts receivable within one year40/41€8k€11k▲
Trade receivables40€8k€11k▲
Cash at bank and in hand54/58€38k€73k▲
Equity and liabilities
Total equity and liabilities10/49€186k€215k▲
Equity10/15€39k€64k▲
Contributions10/11€3k€3k=
Reserves13€28k€28k=
Distributable reserves133€28k€28k=
Profit (loss) carried forward14€8k€33k▲
Amounts payable17/49€146k€151k▲
Amounts payable after more than one year17€108k€102k▼
Financial debts170/4€108k€102k▼
Amounts payable within one year42/48€38k€49k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Advances received on contracts in progress46-€36
Taxes, remuneration and social security45€11k€18k▲
Taxes450/3€11k€18k▲
Other amounts payable47/48€20k€22k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€21k€51k▲
Operating profit (loss)9901€7k€35k▲
Financial income75/76B€463€1▼
Recurring financial income75€463€1▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€5k€33k▲
Income taxes67/77€2k€9k▲
Profit (loss) for the period9904€3k€25k▲
Profit (loss) for the period to be appropriated9905€3k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€33k▲
Profit (loss) brought forward from the previous period14P€5k€8k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €13k | €13k | €14k | ▲ 6.1% |
| Other operating charges640/8 | €4k | €658 | €1k | €2k | ▲ 15.1% |
| Gross operating margin9900 | €53k | €24k | €21k | €51k | ▲ 144% |
| Operating profit (loss)9901 | €40k | €10k | €7k | €35k | ▲ 430% |
| Financial income75/76B | €21 | €159 | €463 | €1 | ▼ 99.7% |
| Recurring financial income75 | €21 | €159 | €463 | €1 | ▼ 99.7% |
| Financial charges65/66B | €299 | €2k | €2k | €2k | ▲ 3.8% |
| Recurring financial charges65 | €299 | €2k | €2k | €2k | ▲ 3.8% |
| Profit (loss) for the period before taxes9903 | €40k | €8k | €5k | €33k | ▲ 565% |
| Income taxes67/77 | €12k | €3k | €2k | €9k | ▲ 289% |
| Profit (loss) for the period9904 | €28k | €5k | €3k | €25k | ▲ 787% |
| Profit (loss) for the period to be appropriated9905 | €28k | €5k | €3k | €25k | ▲ 787% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €185k | €215k | €186k | €215k | ▲ 15.8% |
| Fixed assets21/28 | €138k | €127k | €140k | €131k | ▼ 6.3% |
| Tangible fixed assets22/27 | €138k | €127k | €140k | €131k | ▼ 6.3% |
| Land and buildings22 | €124k | €118k | €111k | €105k | ▼ 5.6% |
| Plant, machinery and equipment23 | - | - | - | €914 | - |
| Furniture and vehicles24 | €14k | €10k | €28k | €25k | ▼ 12.3% |
| Current assets29/58 | €48k | €88k | €46k | €84k | ▲ 82.8% |
| Amounts receivable within one year40/41 | €32k | €39k | €8k | €11k | ▲ 41.8% |
| Trade receivables40 | €14k | €39k | €8k | €11k | ▲ 41.8% |
| Other amounts receivable41 | €18k | - | - | - | - |
| Cash at bank and in hand54/58 | €15k | €49k | €38k | €73k | ▲ 91.4% |
| Deferred charges and accrued income490/1 | €1k | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €185k | €215k | €186k | €215k | ▲ 15.8% |
| Equity10/15 | €31k | €36k | €39k | €64k | ▲ 62.6% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Reserves13 | €28k | €28k | €28k | €28k | = |
| Distributable reserves133 | €28k | €28k | €28k | €28k | = |
| Profit (loss) carried forward14 | - | €5k | €8k | €33k | ▲ 303% |
| Amounts payable17/49 | €154k | €179k | €146k | €151k | ▲ 3.2% |
| Amounts payable after more than one year17 | €119k | €113k | €108k | €102k | ▼ 5.3% |
| Financial debts170/4 | €119k | €113k | €108k | €102k | ▼ 5.3% |
| Amounts payable within one year42/48 | €35k | €65k | €38k | €49k | ▲ 27.0% |
| Current portion of amounts payable after more than one year42 | €5k | €6k | €6k | €6k | ▲ 1.5% |
| Trade debts44 | €7k | €26k | €2k | €3k | ▲ 30.4% |
| Suppliers440/4 | €7k | €26k | €2k | €3k | ▲ 30.4% |
| Advances received on contracts in progress46 | - | - | - | €36 | - |
| Taxes, remuneration and social security45 | €15k | €22k | €11k | €18k | ▲ 66.9% |
| Taxes450/3 | €15k | €16k | €11k | €18k | ▲ 66.9% |
| Remuneration and social security454/9 | - | €6k | - | - | - |
| Other amounts payable47/48 | €8k | €12k | €20k | €22k | ▲ 12.2% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €5k | €3k | €25k | ▲ 787% |
| + Depreciation and write-downs630 | €9k | €13k | €13k | €14k | ▲ 6.1% |
| Operating cash flow (approximation) | €37k | €19k | €16k | €38k | ▲ 146% |
| Investment in fixed assets (approximation) | - | €-3k | €-25k | €-5k | ▲ 80.9% |
| Change in cash | - | €34k | €-11k | €35k | ▲ 416% |
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
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €3k ▼48%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kalmthout · 1 establishment unit since 2020
Ground area
1,604 m²
Building footprint
194 m²
Volume, LiDAR
1,011 m³
Parcel 11662E0554/00E002, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NOEST
since 20202.304.995.162
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0554/00E002 | Flanders | 1,604 m² | 1 · 194 m² | 8.2 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 296 EUR awarded · 296 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 296 EUR | 296 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,272 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
Founded14-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43320Joinery installation
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.