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NOSHAQ SPIN-OFFS

Active
Public limited companyfounded 1998active for 27 yearsRue Lambert-Lombard 3, 4000 Liège, BelgiumKBO/BCE: BE 0465.001.172

From the official registers: KBO 26 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

NOSHAQ SPIN-OFFS has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18.1m and a net result of €6.6m, of which €11.2m non-recurring income. Equity has been growing by about 57% per year since 2019. Its solvency ranks better than 26% of 3,861 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisFollow ReportCompare
NOSHAQ SPIN-OFFSActiveChecked score 69/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 24-12-1998 Normal situation
Registered office
37 active companies are registered at this address Source: KBO register, as of 1 November 2026.
Activity
Business and other management consultancy NACE 70200and 2 others
Establishment unit
2.091.271.696 4000 Liège, since 01-06-1999
Financial year end
30 June
Peppol
Reachable since 10-10-2025
Company details

Board and ownership

Board
and 12 other directors
Shareholders
Holdings
Shares in 21 companies including ARAPONICS and Sagitta Biotech
Board & ownership

Financial position

69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Annual accounts to 30-06-2025
Turnover
€152,297
▲ 24.0%
Profit
€6.6m
▼ 12.6%
Equity
€18.1m
▲ 22.0%
Total assets
€69.2m
▲ 9.5%
Filed on 17-12-2025, 45 days before the deadlinePDF
Financials
Score breakdownraises risk2 changes of registered office in 24 monthsLiquidity: current ratio 11.77, cash €1.1mlowers riskSize: turnover €152,297, total assets €69.2mSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 63% of large companies in head offices and management consultancy (NACE 70)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Average
Solvency 51+2
equity 26.2% of total assets
Liquidity 52-2
short-term debt 5.8% · cash 1.6%
Profitability 61-6
return on assets 9.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (204 companies, NACE 70, large)
Last 24 months 12-2024: < 0.1%lowest value 01-2025: 0.7%▲ +0.7 percentage points vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.8%▲ +0.1 percentage points vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.7%▼ -0.1 percentage points vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 0.7%● unchanged vs 07-2026 09-2026: 0.7%● unchanged vs 08-2026 10-2026: 0.8%▲ +0.1 percentage points vs 09-2026highest value 11-2026: 0.8%● unchanged vs 10-2026highest value
Credit of up to €15,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 11.77 (9.75 in 2024), above the usual 1.5. Short-term debt is 5.8% and cash 1.6% of total assets. However, 73.8% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, large). It does better than 17% of them on solvency, 81% on liquidity, 79% on profitability and 74% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · 2 changes of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 11.77, cash €1.1m
NBB · annual accounts
lowers risk · Size: turnover €152,297, total assets €69.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
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 17-12-2025, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
45 days early
2024
49 days early
2023
48 days early
2022
42 days early
2021
40 days early
2020
54 days early
2019
50 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 47 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 17 December (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end01-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher net result than 95% of companies in head offices and management consultancysector median €53,936 · 3,860 companies €6.6m View
  • Board changedlatest change 28-08-2026 · 15 in office 2 joined · 2 left View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 3 years of growth in a rowturnover 2025: €152,297 3 years View

Companies linked to NOSHAQ SPIN-OFFS

Comparable companies

These companies have the same main activity as NOSHAQ SPIN-OFFS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €39m and €74m, founded between 1986 and 2008.

CompanyTotal assetsTurnover
NOSHAQ SPIN-OFFS Liège€69.2m€0.2m
WILDO PROPERTIES Brugelette€52.1m€0.2m
CREALOAN Sint-Martens-Latem€59.6m€0.07m
MONDIPAR Anderlecht€53.8m€0.2m
Heeren Group Turnhout€73.8m€0.4m
DUCASSE DEVELOPPEMENT Etterbeek€72.7m€0.4m
VANDENA Wielsbeke€39.1m€0.1m
Full comparison

Documents

Annual accounts at the NBB

All 26 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about NOSHAQ SPIN-OFFS
What is the company number of NOSHAQ SPIN-OFFS?
The company number of NOSHAQ SPIN-OFFS is 0465.001.172. The VAT number is the same number with BE in front: BE 0465.001.172.
Where is NOSHAQ SPIN-OFFS based?
The registered office is at Rue Lambert-Lombard 3, 4000 Liège.Company details
What does NOSHAQ SPIN-OFFS do?
According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of NOSHAQ SPIN-OFFS?
The legal form of NOSHAQ SPIN-OFFS is Public limited company (NV).
When was NOSHAQ SPIN-OFFS founded?
NOSHAQ SPIN-OFFS was founded on 24-12-1998.
Is NOSHAQ SPIN-OFFS still active?
Yes, NOSHAQ SPIN-OFFS is an active enterprise in the KBO register.
What is the turnover of NOSHAQ SPIN-OFFS?
The turnover of NOSHAQ SPIN-OFFS was €152,297 in financial year 2025, according to the filed annual accounts.Financials
Is NOSHAQ SPIN-OFFS profitable?
In financial year 2025, NOSHAQ SPIN-OFFS made a profit of €6.6m.
Where can I find the annual accounts of NOSHAQ SPIN-OFFS?
NOSHAQ SPIN-OFFS filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of NOSHAQ SPIN-OFFS due?
NOSHAQ SPIN-OFFS must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

Next steps

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