NOIND Lab
ActiveSummary
NOIND Lab has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €742k and a net result of €88k. Equity is growing by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 46% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75=
Solvency66▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.12 in 2024; short-term debt: 58.8% and cash: 16.8% of total assets), and 59.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2025Solvency, return and age of the figures
Solvency
40.9%
Return on assets
4.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
2 d early
2022
1 d early
2021
on the day
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€742k▲ 13.5%
2024 · €653k
Total assets
€1.81M▲ 10.4%
2024 · €1.64M
Net result
€88k▲ 2.7%
2024 · €86k
Working capital
€224k▲ 101%
2024 · €111k
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
Line20212022202320242025
Operating result€143k▼ 1.7%€128k▼ 10.7%€132k▲ 3.2%€127k▼ 3.8%€139k▲ 9.2%
Net result€118k▼ 1.2%€101k▼ 13.9%€125k▲ 23.6%€86k▼ 31.3%€88k▲ 2.7%
Equity€341k▲ 52.8%€442k▲ 29.8%€567k▲ 28.4%€653k▲ 15.2%€742k▲ 13.5%
Total assets€1.15M▲ 26.9%€1.08M▼ 6.4%€1.35M▲ 25.4%€1.64M▲ 21.4%€1.81M▲ 10.4%
Debt€543k▼ 5.8%€368k▼ 32.2%€666k▲ 81.2%€908k▲ 36.2%€1.07M▲ 18.0%
Working capital€460k▲ 113%€567k▲ 23.4%€75k▼ 86.8%€111k▲ 48.5%€224k▲ 101%
Staff (FTE)8.6▲ 146%11.9▲ 38.4%11.9=9.8▼ 17.6%8.5▼ 13.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.81M
Fixed assets
€523k ▼ 17.3%
Current assets
€1.29M ▲ 27.8%
Equity and liabilities €1.81M
Equity
€742k ▲ 13.5%
Provisions
€0 ▼ 100%
Debt
€1.07M ▲ 18.0%
Debt's share of the balance-sheet total rises from 55.3% to 59.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€248k▲
2024 · €238k
Cash flow
€198k▲
2024 · €197k
Current ratio
1.21▲
2024 · 1.12
Quick ratio
1.03▲
2024 · 0.85
Debt to equity
1.44▲
2024 · 1.39
ROE
11.9%▼
2024 · 13.2%
ROA
4.9%▼
2024 · 5.2%
Interest coverage
15.02▲
2024 · 13.77
Debt ≤ 1 year
€1.07M▲
2024 · €898k
Income taxes
€36k▲
2024 · €31k
Staff costs
€463k▼
2024 · €546k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €420k | €548k | €546k | €463k | ▼ 15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €29k | €76k | €111k | €109k | ▼ 1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €6k | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €-150k | €-38k | €-80k | ▼ 111% |
| Other operating charges640/8 | - | €9k | €5k | €10k | €16k | ▲ 53.2% |
| Gross operating margin9900 | €760k | €586k | €611k | €763k | €647k | ▼ 15.2% |
| Operating profit (loss)9901 | €143k | €128k | €132k | €127k | €139k | ▲ 9.2% |
| Financial income75/76B | - | €14k | €10k | €7k | €2k | ▼ 71.9% |
| Recurring financial income75 | €18k | €14k | €10k | €7k | €2k | ▼ 71.9% |
| Financial charges65/66B | - | €3k | €4k | €17k | €16k | ▼ 4.6% |
| Recurring financial charges65 | €4k | €3k | €4k | €17k | €16k | ▼ 4.6% |
| Profit (loss) for the period before taxes9903 | €157k | €139k | €138k | €117k | €124k | ▲ 6.0% |
| Income taxes67/77 | €39k | €38k | €13k | €31k | €36k | ▲ 15.4% |
| Profit (loss) for the period9904 | €118k | €101k | €125k | €86k | €88k | ▲ 2.7% |
| Profit (loss) for the period to be appropriated9905 | €118k | €101k | €125k | €86k | €88k | ▲ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.15M | €1.08M | €1.35M | €1.64M | €1.81M | ▲ 10.4% |
| Fixed assets21/28 | €161k | €154k | €614k | €632k | €523k | ▼ 17.3% |
| Intangible fixed assets21 | - | €1k | €488k | €533k | €446k | ▼ 16.4% |
| Tangible fixed assets22/27 | €161k | €152k | €125k | €99k | €77k | ▼ 22.2% |
| Plant, machinery and equipment23 | - | €30k | €18k | €8k | €163 | ▼ 97.9% |
| Furniture and vehicles24 | - | €18k | €14k | €8k | €4k | ▼ 49.8% |
| Other tangible fixed assets26 | - | €104k | €93k | €83k | €73k | ▼ 12.3% |
| Financial fixed assets28 | €539 | €544 | €544 | €544 | €544 | = |
| Current assets29/58 | €990k | €924k | €738k | €1.01M | €1.29M | ▲ 27.8% |
| Stocks and contracts in progress3 | €210k | €142k | €159k | €249k | €192k | ▼ 22.9% |
| Stocks30/36 | - | €142k | €159k | €249k | €192k | ▼ 22.9% |
| Amounts receivable within one year40/41 | €581k | €401k | €448k | €551k | €788k | ▲ 43.0% |
| Trade receivables40 | - | €88k | €69k | €187k | €383k | ▲ 105% |
| Other amounts receivable41 | - | €313k | €378k | €364k | €405k | ▲ 11.2% |
| Cash at bank and in hand54/58 | €134k | €324k | €107k | €190k | €305k | ▲ 60.4% |
| Deferred charges and accrued income490/1 | - | €57k | €24k | €18k | €4k | ▼ 79.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.15M | €1.08M | €1.35M | €1.64M | €1.81M | ▲ 10.4% |
| Equity10/15 | €341k | €442k | €567k | €653k | €742k | ▲ 13.5% |
| Contributions10/11 | - | €59k | €59k | €59k | €59k | = |
| Reserves13 | €281k | €381k | €507k | €593k | €683k | ▲ 15.3% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | - | - |
| Reserves not available under the articles1311 | - | €6k | €6k | €6k | - | - |
| Tax-exempt reserves132 | - | €5k | €5k | €5k | €5k | = |
| Distributable reserves133 | - | €370k | €495k | €581k | €678k | ▲ 16.6% |
| Profit (loss) carried forward14 | €771 | €2k | €2k | €2k | - | - |
| Provisions and deferred taxes16 | €268k | €268k | €118k | €80k | - | - |
| Provisions for liabilities and charges160/5 | - | €268k | €118k | €80k | - | - |
| Other liabilities and charges164/5 | - | €268k | €118k | €80k | - | - |
| Amounts payable17/49 | €543k | €368k | €666k | €908k | €1.07M | ▲ 18.0% |
| Amounts payable after more than one year17 | €2k | - | - | - | - | - |
| Amounts payable within one year42/48 | €530k | €357k | €663k | €898k | €1.07M | ▲ 18.7% |
| Current portion of amounts payable after more than one year42 | - | - | €200k | €200k | €75k | ▼ 62.5% |
| Trade debts44 | €44k | €74k | €156k | €179k | €357k | ▲ 99.7% |
| Suppliers440/4 | - | €74k | €156k | €179k | €357k | ▲ 99.7% |
| Advances received on contracts in progress46 | - | €121k | €152k | €291k | €379k | ▲ 30.2% |
| Taxes, remuneration and social security45 | - | €93k | €75k | €102k | €122k | ▲ 18.9% |
| Taxes450/3 | - | €45k | €14k | €37k | €60k | ▲ 61.7% |
| Remuneration and social security454/9 | - | €48k | €61k | €65k | €61k | ▼ 5.5% |
| Other amounts payable47/48 | - | €69k | €81k | €126k | €134k | ▲ 5.9% |
| Accrued charges and deferred income492/3 | - | €11k | €3k | €10k | €5k | ▼ 49.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €118k | €101k | €125k | €86k | €88k | ▲ 2.7% |
| + Depreciation and write-downs630 | €25k | €29k | €76k | €111k | €109k | ▼ 1.7% |
| Operating cash flow (approximation) | €143k | €130k | €202k | €197k | €198k | ▲ 0.2% |
| Investment in fixed assets (approximation) | - | €-22k | €-536k | €-130k | €0 | ▲ 100% |
| Change in cash | - | €190k | €-217k | €83k | €115k | ▲ 38.4% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €125k ▲23.6%
Net result €125k, the highest in the series.
30-06
Financial
Equity above €500kEq €567k ▲28.4%
4 profitable years in a row build equity to €567k.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Back to profitnet €119k
Net result €119k after one loss-making year.
30-06
Financial
Equity above €200kEq €223k ▲115%
Equity rises from €104k to €223k.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
15-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Zele · 1 establishment unit since 1991
Ground area
3,495 m²
Building footprint
1,337 m²
Volume, LiDAR
13,001 m³
Parcel 42028A1281/00T003, Flanders · tallest building 15.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KLETZ
since 19912.051.603.250
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028A1281/00T003 | Flanders | 3,495 m² | 1 · 1,337 m² | 15.5 m · 3 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 to 2023 · 2 entries · 13,323 EUR awarded · 13,323 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 4,026 EUR | 4,026 EUR |
| 2022 | 1 | 9,297 EUR | 9,297 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 20,028 companies in sector 43320 we hold annual accounts for 9,133. 5,081 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
Founded31-01-1991
Fiscal year end30-06
Activities, NACEBEL 2025
43320Joinery installation
27402Manufacture of electrical equipment
43211General electrical installation work
43240Other construction installation
47400Retail sale of information and communication equipment
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Scores and ratios are computed by Checked and are not a credit decision.