Nospec
ActiveNospec has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12k and a net result of €3k. Equity is shrinking by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 14% of 9450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+71
Solvency34▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.71 against 0.79 in 2024; short-term debt: 41.7% and cash: 4.6% of total assets), and 91.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 9450 sector peers (2025).
NBB · sector comparisonPosition among 9450 sector peers
Solvency
better than 14%
← weakest
strongest →
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 08-01-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
8 d early
2023
on the day
2022
3 d late
2021
2 d late
2020
9 d early
2019
16 d early
← before the deadline
after the deadline →
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 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€12k▲ 32.0%
2024 · €9k
2019: €49k
2020: €51k
2021: €44k
2022: €54k
2023: €54k
2024: €9k
2019 → 2025
Total assets
€140k▼ 13.3%
2024 · €162k
2019: €240k
2020: €223k
2021: €222k
2022: €223k
2023: €232k
2024: €162k
2019 → 2025
Net result
€3k
2024 · €-45k
2019: €9k
2020: €2k
2021: €12k
2022: €10k
2023: €397
2024: €-45k
2019 → 2025
Working capital
€-17k▼ 17.5%
2024 · €-14k
2019: €53k
2020: €49k
2021: €40k
2022: €42k
2023: €39k
2024: €-14k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€54k▲ 21.7%€54k▲ 0.7%€9k▼ 83.4%€12k▲ 32.0%
Operating result€15k-€15k▲ 1.8%€3k▼ 80.3%€-41k€6k
Net result€12k-€10k▼ 18.0%€397▼ 95.9%€-45k€3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6k after a loss of €41k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €140k
Fixed assets
€98k▼ 9.0%
Current assets
€42k▼ 22.2%
Equity and liabilities €140k
Equity
€12k▲ 32.0%
Debt
€128k▼ 16.0%
The debt ratio falls from 94.4% to 91.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17k▲
2024 · €-30k
Cash flow
€14k▲
2024 · €-34k
Solvency
8.5%▲
2024 · 5.6%
Current ratio
0.71▼
2024 · 0.79
Quick ratio
0.71▼
2024 · 0.79
Debt / equity
10.76▼
2024 · 16.90
ROE
24.2%▲
2024 · -500.6%
ROA
2.1%▲
2024 · -28.0%
Interest coverage
6.05▲
2024 · -7.68
Debt
€128k▼
2024 · €153k
Debt ≤ 1 year
€58k▼
2024 · €68k
Debt > 1 year
€70k▼
2024 · €85k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€162k€140k▼
Fixed assets21/28€108k€98k▼
Tangible fixed assets22/27€108k€98k▼
Land and buildings22€106k€97k▼
Plant, machinery and equipment23€903€73▼
Furniture and vehicles24€819€1k▲
Current assets29/58€54k€42k▼
Amounts receivable within one year40/41€50k€32k▼
Trade receivables40€41k€29k▼
Other amounts receivable41€9k€3k▼
Cash at bank and in hand54/58€3k€6k▲
Deferred charges and accrued income490/1€247€3k▲
Equity and liabilities
Total equity and liabilities10/49€162k€140k▼
Equity10/15€9k€12k▲
Contributions10/11€6k€6k=
Reserves13€23k€23k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€-20k€-17k▲
Amounts payable17/49€153k€128k▼
Amounts payable after more than one year17€85k€70k▼
Financial debts170/4€85k€70k▼
Amounts payable within one year42/48€68k€58k▼
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€11k€492▼
Suppliers440/4€11k€492▼
Taxes, remuneration and social security45-€653
Taxes450/3-€653
Other amounts payable47/48€42k€42k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€2k€3k▲
Gross operating margin9900€-28k€23k▲
Operating profit (loss)9901€-41k€6k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-45k€3k▲
Profit (loss) for the period9904€-45k€3k▲
Profit (loss) for the period to be appropriated9905€-45k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-17k▲
Profit (loss) brought forward from the previous period14P€25k€-20k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-45k ▼11478%
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
31-03
Financial
Highest result since 2019net €12k ▲663%
Net result €12k, the highest in the series.
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
16-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
14-10
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.
Directors · office · real estate
Directors
2 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, Oudergem · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Charles Brassinelaan 381160 OudergemGround area
528 m²
Building footprint
140 m²
Volume, LiDAR
1,397 m³
Parcel 21002A0203/00H004, Brussels · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Nospec
since 20102.189.993.447
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21002A0203/00H004 | Brussels | 528 m² | 1 · 140 m² | 13.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 18,255 companies in sector 71111 we hold annual accounts for 6,321. 3,721 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2010
Fiscal year end30-06
Activities, NACEBEL
71111Activities of building architects
18130Pre-press and pre-media services
74103Other professional, scientific and technical activities
74109Other professional, scientific and technical activities
74120Graphic design and visual communication
74140Other specialised design activities
82990Other business support services
85520Cultural education
90032Arts creation and performing arts activities
90120Visual arts creation
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.