NOI
ActiveSummary
The computed 12-month bankruptcy probability of NOI is 1.8% (moderate). The 2025 annual accounts show negative equity (-€75,775) and a net result of -€23,564. Equity is shrinking by ~53.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 11502 sector peers (fiscal year 2025). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-11
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.36 in 2024; short-term debt: 800.1% and cash: 1.6% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-700.1%
Return on assets
-217.7%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€75,775
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
8 d early
2023
27 d early
2022
30 d late
2021
29 d late
2020
31 d late
2019
32 d late
← 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 8 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
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
-€75,775▼ 45.1%
2024 · -€52,211
Total assets
€10,824▼ 62.7%
2024 · €29,038
Net result
-€23,564▼ 655%
2024 · -€3,123
Working capital
-€75,775▼ 45.1%
2024 · -€52,211
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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-€5,106▲ 73.3%-€6,398▼ 25.3%-€22,194▼ 247%-€3,061▲ 86.2%-€23,510▼ 668%
Net result-€5,208below the sector's middle half▲ 73.2%-€6,596below the sector's middle half▼ 26.6%-€22,375below the sector's middle half▼ 239%-€3,123within the sector's middle half▲ 86.0%-€23,564below the sector's middle half▼ 655%
Equity-€20,117below the sector's middle half▼ 34.9%-€26,713below the sector's middle half▼ 32.8%-€49,088below the sector's middle half▼ 83.8%-€52,211below the sector's middle half▼ 6.4%-€75,775below the sector's middle half▼ 45.1%
Total assets€50,242below the sector's middle half▼ 0.5%€49,338below the sector's middle half▼ 1.8%€28,766below the sector's middle half▼ 41.7%€29,038below the sector's middle half▲ 0.9%€10,824below the sector's middle half▼ 62.7%
Debt€70,359▲ 7.5%€76,051▲ 8.1%€77,854▲ 2.4%€81,249▲ 4.4%€86,599▲ 6.6%
Working capital-€20,117below the sector's middle half▼ 30.0%-€26,713below the sector's middle half▼ 32.8%-€49,088below the sector's middle half▼ 83.8%-€52,211below the sector's middle half▼ 6.4%-€75,775below the sector's middle half▼ 45.1%
Solvency-40.0%below the sector's middle half▼ 10.5pp-54.1%below the sector's middle half▼ 14.1pp-170.6%below the sector's middle half▼ 116.5pp-179.8%below the sector's middle half▼ 9.2pp-700.1%below the sector's middle half▼ 520.3pp
Current ratio0.71below the sector's middle half▼ 0.050.65below the sector's middle half▼ 0.070.37below the sector's middle half▼ 0.280.36below the sector's middle half▼ 0.010.12below the sector's middle half▼ 0.23
Return on assets (ROA)-10.4%below the sector's middle half▲ 28.0pp-13.4%below the sector's middle half▼ 3.0pp-77.8%below the sector's middle half▼ 64.4pp-10.8%below the sector's middle half▲ 67.0pp-217.7%below the sector's middle half▼ 206.9pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 stays negative: a loss of €23,510 in 2025 against €3,061 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Quick ratio
0.02▲
2024 · 0.01
Debt to equity
-1.14▲
2024 · -1.56
Debt ≤ 1 year
€86,599▲
2024 · €81,249
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 6,639 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €561 | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €20,000 | - | - | - |
| Non-recurring operating charges66A | - | - | - | - | €19,019 | - |
| Gross operating margin9900 | -€4,546 | -€6,398 | -€2,194 | -€3,061 | -€4,491 | ▼ 46.7% |
| Operating profit (loss)9901 | -€5,106 | -€6,398 | -€22,194 | -€3,061 | -€23,510 | ▼ 668% |
| Financial income75/76B | €7 | - | - | - | - | - |
| Recurring financial income75 | €7 | - | - | - | - | - |
| Financial charges65/66B | €109 | €198 | €181 | €62 | €54 | ▼ 12.9% |
| Recurring financial charges65 | €109 | €198 | €181 | €62 | €54 | ▼ 12.9% |
| Profit (loss) for the period before taxes9903 | -€5,208 | -€6,596 | -€22,375 | -€3,123 | -€23,564 | ▼ 655% |
| Profit (loss) for the period9904 | -€5,208 | -€6,596 | -€22,375 | -€3,123 | -€23,564 | ▼ 655% |
| Profit (loss) for the period to be appropriated9905 | -€5,208 | -€6,596 | -€22,375 | -€3,123 | -€23,564 | ▼ 655% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50,242 | €49,338 | €28,766 | €29,038 | €10,824 | ▼ 62.7% |
| Current assets29/58 | €50,242 | €49,338 | €28,766 | €29,038 | €10,824 | ▼ 62.7% |
| Stocks and contracts in progress3 | €48,309 | €48,309 | €28,309 | €28,309 | €9,290 | ▼ 67.2% |
| Stocks30/36 | €48,309 | €48,309 | €28,309 | €28,309 | €9,290 | ▼ 67.2% |
| Amounts receivable within one year40/41 | €1,933 | €1,029 | €457 | €730 | €1,365 | ▲ 87.0% |
| Trade receivables40 | - | - | €118 | - | - | - |
| Other amounts receivable41 | €1,933 | €1,029 | €339 | €730 | €1,365 | ▲ 87.0% |
| Cash at bank and in hand54/58 | - | - | - | - | €169 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50,242 | €49,338 | €28,766 | €29,038 | €10,824 | ▼ 62.7% |
| Equity10/15 | -€20,117 | -€26,713 | -€49,088 | -€52,211 | -€75,775 | ▼ 45.1% |
| Contributions10/11 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | = |
| Outside capital11 | €86,763 | €86,763 | €86,763 | €86,763 | - | - |
| Share premium1100/10 | - | - | €86,763 | €86,763 | - | - |
| Other1109/19 | €86,763 | €86,763 | - | - | - | - |
| Reserves13 | €111 | €111 | €111 | €111 | €111 | = |
| Non-distributable reserves130/1 | €111 | €111 | - | - | - | - |
| Reserves not available under the articles1311 | €111 | €111 | - | - | - | - |
| Distributable reserves133 | - | - | €111 | €111 | €111 | = |
| Profit (loss) carried forward14 | -€106,991 | -€113,587 | -€135,962 | -€139,085 | -€162,649 | ▼ 16.9% |
| Amounts payable17/49 | €70,359 | €76,051 | €77,854 | €81,249 | €86,599 | ▲ 6.6% |
| Amounts payable within one year42/48 | €70,359 | €76,051 | €77,854 | €81,249 | €86,599 | ▲ 6.6% |
| Financial debts43 | €140 | €28 | €333 | €3 | - | - |
| Credit institutions430/8 | €140 | €28 | €333 | €3 | - | - |
| Trade debts44 | €8,945 | €581 | €713 | €474 | €203 | ▼ 57.2% |
| Suppliers440/4 | €8,945 | €581 | €713 | €474 | €203 | ▼ 57.2% |
| Other amounts payable47/48 | €61,274 | €75,442 | €76,807 | €80,772 | €86,396 | ▲ 7.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,208 | -€6,596 | -€22,375 | -€3,123 | -€23,564 | ▼ 655% |
| + Depreciation and write-downs630 | €561 | - | - | - | - | - |
| Operating cash flow (approximation) | -€4,648 | -€6,596 | -€22,375 | -€3,123 | -€23,564 | ▼ 655% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€23,564
Net result drops to -€23,564, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 55 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 198 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 563 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Brussel · 1 establishment unit since 1996
Ground area
4,653 m²
Building footprint
2,861 m²
Volume, LiDAR
80,518 m³
Parcel 21805E0475/00F000, Brussels · tallest building 34.5 m, ±9 floors. Linked by address, not a title deed.
355
companies at this address
See who is registered here
1 establishment unit
Kunstlaan 56, 1000 Brussel
since 19962.076.743.472
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0475/00F000 | Brussels | 4,653 m² | 1 · 2,861 m² | 34.5 m · 9 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.
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Of 169 companies in sector 46730 we hold annual accounts for 89. 30 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
Founded20-05-1996
Fiscal year end31-12
Activities, NACEBEL 2025
46730Wholesale trade
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
47640Retail sale of games and toys
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
52210Service activities incidental to land transportation
52230Warehousing and support activities for transportation
77120Rental and leasing activities
82990Other business support services
93110Operation of sports facilities
96220Beauty care and other beauty treatments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457889884
Registered
30-06-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.