Noi
ActiveSummary
Noi has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€29,581) and a net result of -€4,991. Equity is shrinking by ~36.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▲+10
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.73 against 0.6 in 2024; short-term debt: 131% and cash: 1.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-31%
Return on assets
-5.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€29,581
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 02-07-2026, 29 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
29 d early
2024
27 d early
2023
9 d early
2022
1 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 14 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€29,581▼ 20.3%
2024 · -€24,591
Total assets
€95,372▲ 81.3%
2024 · €52,618
Net result
-€4,991▲ 30.5%
2024 · -€7,176
Working capital
-€34,004▼ 9.9%
2024 · -€30,944
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line2022202320242025
Operating result-€7,677--€12,181▼ 58.7%-€7,110▲ 41.6%-€4,934▲ 30.6%
Net result-€7,692within the sector's middle half--€12,223below the sector's middle half▼ 58.9%-€7,176within the sector's middle half▲ 41.3%-€4,991within the sector's middle half▲ 30.5%
Equity-€5,192below the sector's middle half--€17,415below the sector's middle half▼ 235%-€24,591below the sector's middle half▼ 41.2%-€29,581below the sector's middle half▼ 20.3%
Total assets€44,808below the sector's middle half-€34,217below the sector's middle half▼ 23.6%€52,618below the sector's middle half▲ 53.8%€95,372below the sector's middle half▲ 81.3%
Debt€50,000-€51,631▲ 3.3%€77,209▲ 49.5%€124,954▲ 61.8%
Working capital-€5,192within the sector's middle half--€25,699within the sector's middle half▼ 395%-€30,944within the sector's middle half▼ 20.4%-€34,004within the sector's middle half▼ 9.9%
Solvency-11.6%below the sector's middle half--50.9%below the sector's middle half▼ 39.3pp-46.7%below the sector's middle half▲ 4.2pp-31.0%below the sector's middle half▲ 15.7pp
Current ratio0.90within the sector's middle half-0.50within the sector's middle half▼ 0.390.60within the sector's middle half▲ 0.100.73within the sector's middle half▲ 0.13
Return on assets (ROA)-17.2%below the sector's middle half--35.7%below the sector's middle half▼ 18.6pp-13.6%below the sector's middle half▲ 22.1pp-5.2%below the sector's middle half▲ 8.4pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, 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 €4,934 in 2025 against €7,110 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95,372
Fixed assets
€4,423 ▼ 30.4%
Current assets
€90,949 ▲ 96.6%
Key figures and ratios
EBITDA
-€3,004▲
2024 · -€5,180
Cash flow
-€3,060▲
2024 · -€5,246
Quick ratio
0.01▼
2024 · 0.04
Debt to equity
-4.22▼
2024 · -3.14
Interest coverage
-34.82▲
2024 · -76.92
Debt ≤ 1 year
€124,954▲
2024 · €77,209
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
4.6%
went bankrupt
3.6%
stopped otherwise
92%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,555 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,369 | €1,931 | €1,931 | = |
| Other operating charges640/8 | €348 | €384 | €468 | €793 | ▲ 69.4% |
| Gross operating margin9900 | -€7,329 | -€10,427 | -€4,712 | -€2,211 | ▲ 53.1% |
| Operating profit (loss)9901 | -€7,677 | -€12,181 | -€7,110 | -€4,934 | ▲ 30.6% |
| Financial income75/76B | - | - | €2 | €30 | ▲ 1,900% |
| Recurring financial income75 | - | - | €2 | €30 | ▲ 1,900% |
| Financial charges65/66B | €15 | €42 | €67 | €86 | ▲ 28.1% |
| Recurring financial charges65 | €15 | €42 | €67 | €86 | ▲ 28.1% |
| Profit (loss) for the period before taxes9903 | -€7,692 | -€12,223 | -€7,176 | -€4,991 | ▲ 30.5% |
| Profit (loss) for the period9904 | -€7,692 | -€12,223 | -€7,176 | -€4,991 | ▲ 30.5% |
| Profit (loss) for the period to be appropriated9905 | -€7,692 | -€12,223 | -€7,176 | -€4,991 | ▲ 30.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €44,808 | €34,217 | €52,618 | €95,372 | ▲ 81.3% |
| Fixed assets21/28 | - | €8,284 | €6,353 | €4,423 | ▼ 30.4% |
| Tangible fixed assets22/27 | - | €8,284 | €6,353 | €4,423 | ▼ 30.4% |
| Plant, machinery and equipment23 | - | €8,284 | €6,353 | €4,423 | ▼ 30.4% |
| Current assets29/58 | €44,808 | €25,933 | €46,264 | €90,949 | ▲ 96.6% |
| Stocks and contracts in progress3 | - | - | €43,398 | €89,481 | ▲ 106% |
| Stocks30/36 | - | - | €43,398 | €89,481 | ▲ 106% |
| Amounts receivable within one year40/41 | €1,267 | €5,052 | €2,659 | €268 | ▼ 89.9% |
| Trade receivables40 | - | - | €877 | - | - |
| Other amounts receivable41 | €1,267 | €5,052 | €1,782 | €268 | ▼ 84.9% |
| Cash at bank and in hand54/58 | €43,541 | €20,880 | €207 | €1,200 | ▲ 479% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €44,808 | €34,217 | €52,618 | €95,372 | ▲ 81.3% |
| Equity10/15 | -€5,192 | -€17,415 | -€24,591 | -€29,581 | ▼ 20.3% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€7,692 | -€19,915 | -€27,091 | -€32,081 | ▼ 18.4% |
| Amounts payable17/49 | €50,000 | €51,631 | €77,209 | €124,954 | ▲ 61.8% |
| Amounts payable within one year42/48 | €50,000 | €51,631 | €77,209 | €124,954 | ▲ 61.8% |
| Trade debts44 | - | €1,631 | - | €393 | - |
| Suppliers440/4 | - | €1,631 | - | €393 | - |
| Other amounts payable47/48 | €50,000 | €50,000 | €77,209 | €124,561 | ▲ 61.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,692 | -€12,223 | -€7,176 | -€4,991 | ▲ 30.5% |
| + Depreciation and write-downs630 | - | €1,369 | €1,931 | €1,931 | = |
| Operating cash flow (approximation) | -€7,692 | -€10,854 | -€5,246 | -€3,060 | ▲ 41.7% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | -€22,661 | -€20,673 | €993 | ▲ 105% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€12,223
Net result drops to -€12,223, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day 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, Aarschot · 1 establishment unit since 2022
Ground area
940 m²
Building footprint
128 m²
Parcel 24092E0351/00C003, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Noi
since 20222.335.927.769
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24092E0351/00C003 | Flanders | 940 m² | 1 · 128 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.
Similar companies · same sector and region
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,696 companies in sector 68121 we hold annual accounts for 7,393. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0791321149
Registered
21-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.