NOTA BENE
ActiveSummary
NOTA BENE has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €294k and a net result of €28k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+59
Solvency52▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.05 in 2024; short-term debt: 30% and cash: 0.1% of total assets), and 72.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
27.4%
Return on assets
2.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
26 d late
2023
22 d late
2022
4 d early
2021
3 d early
2020
30 d early
2019
5 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€294k▲ 10.5%
2024 · €266k
2018: €164klowest in 8 years
2019: €208k▲ +26.5% vs 2018
2020: €241k▲ +15.7% vs 2019
2021: €264k▲ +9.7% vs 2020
2022: €292k▲ +10.6% vs 2021
2023: €318k▲ +9.0% vs 2022highest in 8 years
2024: €266k▼ -16.3% vs 2023
2025: €294k▲ +10.5% vs 2024
2018 → 2025
Total assets
€1.08M▼ 3.1%
2024 · €1.11M
2018: €1.26Mhighest in 8 years
2019: €1.24M▼ -2.0% vs 2018
2020: €1.24M▲ +0.4% vs 2019
2021: €1.18M▼ -5.2% vs 2020
2022: €1.15M▼ -2.5% vs 2021
2023: €1.15M▼ -0.1% vs 2022
2024: €1.11M▼ -3.3% vs 2023
2025: €1.08M▼ -3.1% vs 2024lowest in 8 years
2018 → 2025
Net result
€28k
2024 · €-52k
2018: €37k
2019: €44k▲ +17.2% vs 2018highest in 8 years
2020: €26k▼ -40.6% vs 2019
2021: €23k▼ -10.1% vs 2020
2022: €28k▲ +20.5% vs 2021
2023: €26k▼ -6.5% vs 2022
2024: €-52k▼ -298% vs 2023lowest in 8 years
2025: €28k▲ +154% vs 2024
2018 → 2025
Working capital
€-313k▲ 0.6%
2024 · €-315k
2018: €-268k
2019: €-243k▲ +9.6% vs 2018
2020: €-248k▼ -2.1% vs 2019
2021: €-241k▲ +2.6% vs 2020
2022: €-233k▲ +3.5% vs 2021highest in 8 years
2023: €-249k▼ -7.1% vs 2022
2024: €-315k▼ -26.4% vs 2023lowest in 8 years
2025: €-313k▲ +0.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€264k-€292k▲ 10.6%€318k▲ 9.0%€266k▼ 16.3%€294k▲ 10.5%
2021: €264klowest in 5 years
2022: €292k▲ +10.6% vs 2021
2023: €318k▲ +9.0% vs 2022highest in 5 years
2024: €266k▼ -16.3% vs 2023
2025: €294k▲ +10.5% vs 2024
Operating result€41k-€48k▲ 16.5%€45k▼ 6.0%€-47k€32k
2021: €41k
2022: €48k▲ +16.5% vs 2021highest in 5 years
2023: €45k▼ -6.0% vs 2022
2024: €-47k▼ -205% vs 2023lowest in 5 years
2025: €32k▲ +167% vs 2024
Net result€23k-€28k▲ 20.5%€26k▼ 6.5%€-52k€28k
2021: €23k
2022: €28k▲ +20.5% vs 2021highest in 5 years
2023: €26k▼ -6.5% vs 2022
2024: €-52k▼ -298% vs 2023lowest in 5 years
2025: €28k▲ +154% vs 2024
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: €32k after a loss of €47k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.08M
Fixed assets
€1.07M ▼ 2.6%
Current assets
€9k ▼ 37.6%
Equity and liabilities €1.08M
Equity
€294k ▲ 10.5%
Provisions
€30k ▼ 4.1%
Debt
€751k ▼ 7.5%
Debt's share of the balance-sheet total falls from 73.2% to 69.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62k▲
2024 · €-17k
Cash flow
€59k▲
2024 · €-22k
Current ratio
0.03▼
2024 · 0.05
Debt to equity
2.55▼
2024 · 3.05
ROE
9.5%▲
2024 · -19.5%
ROA
2.6%▲
2024 · -4.7%
Interest coverage
12.35▲
2024 · -3.02
Debt ≤ 1 year
€323k▼
2024 · €330k
Debt > 1 year
€428k▼
2024 · €476k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.11M€1.08M▼
Fixed assets21/28€1.09M€1.07M▼
Tangible fixed assets22/27€1.09M€1.07M▼
Land and buildings22€1.09M€1.06M▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€1k€1k=
Financial fixed assets28€250€250=
Current assets29/58€15k€9k▼
Amounts receivable within one year40/41€6k€5k▼
Other amounts receivable41€6k€5k▼
Cash at bank and in hand54/58€6k€799▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.11M€1.08M▼
Equity10/15€266k€294k▲
Contributions10/11€19k€19k=
Reserves13€296k€292k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€95k€91k▼
Distributable reserves133€199k€199k=
Profit (loss) carried forward14€-48k€-16k▲
Provisions and deferred taxes16€32k€30k▼
Deferred taxes168€32k€30k▼
Amounts payable17/49€812k€751k▼
Amounts payable after more than one year17€476k€428k▼
Financial debts170/4€476k€428k▼
Amounts payable within one year42/48€330k€323k▼
Financial debts43€48k€49k▲
Credit institutions430/8€48k€49k▲
Trade debts44€30k€954▼
Suppliers440/4€30k€954▼
Taxes, remuneration and social security45€2k€84▼
Taxes450/3€2k€84▼
Other amounts payable47/48€249k€273k▲
Accrued charges and deferred income492/3€5k€580▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€31k▲
Other operating charges640/8€84k€2k▼
Gross operating margin9900€67k€65k▼
Operating profit (loss)9901€-47k€32k▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€-53k€27k▲
Transfer from deferred taxes780€1k€1k=
Profit (loss) for the period9904€-52k€28k▲
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€-48k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-48k€-16k▲
Profit (loss) brought forward from the previous period14P-€-48k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €29k | €30k | €30k | €31k | ▲ 1.6% |
| Other operating charges640/8 | €2k | €2k | €2k | €84k | €2k | ▼ 97.4% |
| Gross operating margin9900 | €76k | €79k | €77k | €67k | €65k | ▼ 3.1% |
| Operating profit (loss)9901 | €41k | €48k | €45k | €-47k | €32k | ▲ 167% |
| Financial income75/76B | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | €7k | €6k | €6k | €6k | €5k | ▼ 11.7% |
| Recurring financial charges65 | €7k | €6k | €6k | €6k | €5k | ▼ 11.7% |
| Profit (loss) for the period before taxes9903 | €35k | €42k | €39k | €-53k | €27k | ▲ 150% |
| Transfer from deferred taxes780 | €1k | €1k | €1k | €1k | €1k | = |
| Income taxes67/77 | €13k | €15k | €14k | - | - | - |
| Profit (loss) for the period9904 | €23k | €28k | €26k | €-52k | €28k | ▲ 154% |
| Transfer from tax-exempt reserves789 | €4k | €4k | €4k | €4k | €4k | = |
| Profit (loss) for the period to be appropriated9905 | €27k | €32k | €30k | €-48k | €32k | ▲ 167% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.18M | €1.15M | €1.15M | €1.11M | €1.08M | ▼ 3.1% |
| Fixed assets21/28 | €1.16M | €1.13M | €1.12M | €1.09M | €1.07M | ▼ 2.6% |
| Tangible fixed assets22/27 | €1.16M | €1.13M | €1.12M | €1.09M | €1.07M | ▼ 2.6% |
| Land and buildings22 | €1.16M | €1.13M | €1.12M | €1.09M | €1.06M | ▼ 2.8% |
| Plant, machinery and equipment23 | - | - | - | - | €1k | - |
| Furniture and vehicles24 | €4k | €2k | €1k | €1k | €1k | = |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €18k | €18k | €23k | €15k | €9k | ▼ 37.6% |
| Amounts receivable within one year40/41 | €14k | €13k | €16k | €6k | €5k | ▼ 8.2% |
| Trade receivables40 | €1k | €1k | €2k | - | - | - |
| Other amounts receivable41 | €12k | €12k | €14k | €6k | €5k | ▼ 8.2% |
| Cash at bank and in hand54/58 | €2k | €2k | €3k | €6k | €799 | ▼ 86.2% |
| Deferred charges and accrued income490/1 | €3k | €3k | €3k | €3k | €3k | ▼ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.18M | €1.15M | €1.15M | €1.11M | €1.08M | ▼ 3.1% |
| Equity10/15 | €264k | €292k | €318k | €266k | €294k | ▲ 10.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €245k | €273k | €299k | €296k | €292k | ▼ 1.3% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €107k | €103k | €99k | €95k | €91k | ▼ 4.1% |
| Distributable reserves133 | €137k | €169k | €199k | €199k | €199k | = |
| Profit (loss) carried forward14 | €0 | - | - | €-48k | €-16k | ▲ 66.5% |
| Provisions and deferred taxes16 | €36k | €34k | €33k | €32k | €30k | ▼ 4.1% |
| Deferred taxes168 | €36k | €34k | €33k | €32k | €30k | ▼ 4.1% |
| Amounts payable17/49 | €880k | €823k | €797k | €812k | €751k | ▼ 7.5% |
| Amounts payable after more than one year17 | €620k | €573k | €525k | €476k | €428k | ▼ 10.2% |
| Financial debts170/4 | €620k | €573k | €525k | €476k | €428k | ▼ 10.2% |
| Amounts payable within one year42/48 | €260k | €250k | €272k | €330k | €323k | ▼ 2.3% |
| Current portion of amounts payable after more than one year42 | €47k | €47k | - | - | - | - |
| Financial debts43 | - | - | €52k | €48k | €49k | ▲ 0.9% |
| Credit institutions430/8 | - | - | €52k | €48k | €49k | ▲ 0.9% |
| Trade debts44 | €954 | €2k | €24k | €30k | €954 | ▼ 96.8% |
| Suppliers440/4 | €254 | €254 | €24k | €30k | €954 | ▼ 96.8% |
| Bills of exchange payable441 | €700 | €2k | - | - | - | - |
| Taxes, remuneration and social security45 | €13k | €15k | €17k | €2k | €84 | ▼ 96.6% |
| Taxes450/3 | €13k | €15k | €17k | €2k | €84 | ▼ 96.6% |
| Other amounts payable47/48 | €199k | €186k | €179k | €249k | €273k | ▲ 9.4% |
| Accrued charges and deferred income492/3 | - | - | - | €5k | €580 | ▼ 89.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €28k | €26k | €-52k | €28k | ▲ 154% |
| + Depreciation and write-downs630 | €33k | €29k | €30k | €30k | €31k | ▲ 1.6% |
| Operating cash flow (approximation) | €56k | €57k | €56k | €-22k | €59k | ▲ 370% |
| Investment in fixed assets (approximation) | - | €0 | €-23k | €0 | €-2k | - |
| Change in cash | - | €-476 | €2k | €2k | €-5k | ▼ 303% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
29-07
State Gazette act
Resignation: Benoît le MAIRE (manager)Appointment: Benoît le MAIRE (non-statutory director) · Statutes amendment · Reserve release9 facts ▸
State Gazette act
Resignation: Benoît le MAIRE (manager)
Appointment: Benoît le MAIRE (non-statutory director) · Statutes amendment · Reserve release9 facts ▸
- General meeting, 17 juillet 2026
- Statutes amendment
- Reserve release, Suppression du compte de capitaux propres statutairement indisponible et mise à disposition des fonds
- Registered-office move, 1380 Lasne, rue de la Gendarmerie 10/0001
- Director resignation, Benoît le MAIRE (manager)
- Director appointment, Benoît le MAIRE (non-statutory director)
- Mandate compensation, Benoît le MAIRE
- Director discharge, Benoît le MAIRE
- Share issue, 100
2025
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €-52k
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
31-12
Financial
Highest result since 2018net €44k ▲17.2%
Operating result €77k, net result €44k, both a record.
31-12
Financial
Equity above €200kEq €208k ▲26.5%
2 profitable years in a row build equity to €208k.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
29-07-2026
Resigned as Manager
17-07-2026
Appointed as Non-statutory director
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Lasne · 1 establishment unit since 1992
Ground area
5,431 m²
Building footprint
473 m²
Volume, LiDAR
1,257 m³
2 parcels, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
NOTA BENE
since 19922.060.054.326
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051F0004/00L000 | Wallonia | 3,627 m² | 1 · 299 m² | - |
| 25051B0102/00M000 | Wallonia | 1,805 m² | 1 · 174 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
A) Le conseil et la prestation de services juridiques et connexes ... b) Toute activité de consultance juridique ... c) La gestion pour son compte propre d’un patrimoine immobilier…
Full purpose
A) Le conseil et la prestation de services juridiques et connexes ... b) Toute activité de consultance juridique ... c) La gestion pour son compte propre d’un patrimoine immobilier ... d) La société peut exercer des mandats de gestion ... Elle peut réaliser toutes opérations généralement quelconques ...
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 4,407 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
Founded26-11-1992
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.