NOTABLE
ActiveSummary
The computed 12-month bankruptcy probability of NOTABLE is 2.2% (moderate). The 2024 annual accounts show equity of €166,123 and a net result of €54,461. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 30% of 5899 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-10
Solvency48▼-19
Growth52=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.24 in 2023; short-term debt: 47.7% and cash: 14.2% of total assets), but 76.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-05-2025, 76 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
76 d early
2023
22 d early
2022
139 d early
2021
31 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€166,123▲ 2.8%
2023 · €161,662
Total assets
€714,581▲ 83.9%
2023 · €388,624
Net result
€54,461▼ 7.9%
2023 · €59,103
Working capital
€188,564▲ 270%
2023 · €50,951
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Line20202021202220232024
Operating result€121,011-€61,835▼ 48.9%€73,111▲ 18.2%€89,184▲ 22.0%€88,693▼ 0.6%
Net result€88,119above the sector's middle half-€46,905above the sector's middle half▼ 46.8%€52,535above the sector's middle half▲ 12.0%€59,103above the sector's middle half▲ 12.5%€54,461above the sector's middle half▼ 7.9%
Equity€103,119within the sector's middle half-€150,024above the sector's middle half▲ 45.5%€202,559above the sector's middle half▲ 35.0%€161,662above the sector's middle half▼ 20.2%€166,123above the sector's middle half▲ 2.8%
Total assets€228,487within the sector's middle half-€335,208above the sector's middle half▲ 46.7%€490,701above the sector's middle half▲ 46.4%€388,624above the sector's middle half▼ 20.8%€714,581above the sector's middle half▲ 83.9%
Debt€125,368-€185,184▲ 47.7%€288,141▲ 55.6%€226,962▼ 21.2%€548,458▲ 142%
Working capital€90,808above the sector's middle half-€82,402above the sector's middle half▼ 9.3%€215,928above the sector's middle half▲ 162%€50,951within the sector's middle half▼ 76.4%€188,564above the sector's middle half▲ 270%
Solvency45.1%within the sector's middle half-44.8%within the sector's middle half▼ 0.4pp41.3%within the sector's middle half▼ 3.5pp41.6%within the sector's middle half▲ 0.3pp23.2%within the sector's middle half▼ 18.4pp
Current ratio1.95within the sector's middle half-1.58within the sector's middle half▼ 0.372.35within the sector's middle half▲ 0.761.24within the sector's middle half▼ 1.111.55within the sector's middle half▲ 0.32
Return on assets (ROA)38.6%above the sector's middle half-14.0%within the sector's middle half▼ 24.6pp10.7%within the sector's middle half▼ 3.3pp15.2%within the sector's middle half▲ 4.5pp7.6%within the sector's middle half▼ 7.6pp
Staff (FTE)1.32.5▲ 92.3%1.6▼ 36.0%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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 falls in 2024; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €714,581
Fixed assets
€185,439 ▲ 50.1%
Current assets
€529,142 ▲ 99.6%
Equity and liabilities €714,581
Equity
€166,123 ▲ 2.8%
Debt
€548,458 ▲ 142%
Debt's share of the balance-sheet total rises from 58.4% to 76.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€158,114▲
2023 · €133,866
Cash flow
€123,882▲
2023 · €103,784
Quick ratio
1.33▲
2023 · 0.88
Debt to equity
3.30▲
2023 · 1.40
ROE
32.8%▼
2023 · 36.6%
Interest coverage
10.97▼
2023 · 13.95
Debt ≤ 1 year
€340,578▲
2023 · €214,166
Debt > 1 year
€58,007▲
2023 · €12,796
Income taxes
€19,844▼
2023 · €21,141
Staff costs
€110,513▼
2023 · €128,527
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,706 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €707 | €53,378 | €128,527 | €110,513 | ▼ 14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €472 | €21,683 | €33,057 | €44,682 | €69,421 | ▲ 55.4% |
| Other operating charges640/8 | - | €2,813 | €2,286 | €4,098 | €3,417 | ▼ 16.6% |
| Gross operating margin9900 | €122,485 | €87,038 | €161,831 | €266,491 | €272,043 | ▲ 2.1% |
| Operating profit (loss)9901 | €121,011 | €61,835 | €73,111 | €89,184 | €88,693 | ▼ 0.6% |
| Financial income75/76B | - | €322 | €1,066 | €656 | €21 | ▼ 96.9% |
| Recurring financial income75 | €420 | €322 | €1,066 | €656 | €21 | ▼ 96.9% |
| Financial charges65/66B | - | €1,256 | €3,308 | €9,597 | €14,409 | ▲ 50.1% |
| Recurring financial charges65 | €720 | €1,256 | €3,308 | €9,597 | €14,409 | ▲ 50.1% |
| Profit (loss) for the period before taxes9903 | €120,712 | €60,902 | €70,869 | €80,243 | €74,304 | ▼ 7.4% |
| Income taxes67/77 | €32,592 | €13,997 | €18,334 | €21,141 | €19,844 | ▼ 6.1% |
| Profit (loss) for the period9904 | €88,119 | €46,905 | €52,535 | €59,103 | €54,461 | ▼ 7.9% |
| Profit (loss) for the period to be appropriated9905 | €88,119 | €46,905 | €52,535 | €59,103 | €54,461 | ▼ 7.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €228,487 | €335,208 | €490,701 | €388,624 | €714,581 | ▲ 83.9% |
| Fixed assets21/28 | €42,516 | €111,512 | €114,327 | €123,507 | €185,439 | ▲ 50.1% |
| Tangible fixed assets22/27 | €42,516 | €111,377 | €114,192 | €123,372 | €185,304 | ▲ 50.2% |
| Land and buildings22 | - | €893 | €692 | €17,899 | €14,642 | ▼ 18.2% |
| Plant, machinery and equipment23 | - | €23,200 | €38,042 | €40,973 | €58,418 | ▲ 42.6% |
| Furniture and vehicles24 | - | €57,563 | €55,735 | €54,775 | €112,243 | ▲ 105% |
| Leasing and similar rights25 | - | €29,721 | €19,723 | €9,725 | - | - |
| Financial fixed assets28 | - | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €185,971 | €223,696 | €376,374 | €265,117 | €529,142 | ▲ 99.6% |
| Stocks and contracts in progress3 | €23,413 | €21,347 | €129,455 | €76,862 | €74,502 | ▼ 3.1% |
| Stocks30/36 | - | €21,347 | €129,455 | €76,862 | €74,502 | ▼ 3.1% |
| Amounts receivable within one year40/41 | €93,130 | €112,119 | €168,176 | €116,663 | €345,484 | ▲ 196% |
| Trade receivables40 | - | €99,304 | €144,971 | €105,631 | €304,898 | ▲ 189% |
| Other amounts receivable41 | - | €12,815 | €23,206 | €11,032 | €40,586 | ▲ 268% |
| Cash at bank and in hand54/58 | €59,673 | €81,842 | €73,226 | €65,388 | €101,300 | ▲ 54.9% |
| Deferred charges and accrued income490/1 | - | €8,388 | €5,516 | €6,204 | €7,856 | ▲ 26.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €228,487 | €335,208 | €490,701 | €388,624 | €714,581 | ▲ 83.9% |
| Equity10/15 | €103,119 | €150,024 | €202,559 | €161,662 | €166,123 | ▲ 2.8% |
| Contributions10/11 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Reserves13 | €88,119 | €135,024 | €187,559 | €146,662 | €151,123 | ▲ 3.0% |
| Distributable reserves133 | - | €135,024 | €187,559 | €146,662 | €151,123 | ▲ 3.0% |
| Amounts payable17/49 | €125,368 | €185,184 | €288,141 | €226,962 | €548,458 | ▲ 142% |
| Amounts payable after more than one year17 | €30,204 | €43,889 | €17,155 | €12,796 | €58,007 | ▲ 353% |
| Financial debts170/4 | - | €43,889 | €17,155 | €12,796 | €58,007 | ▲ 353% |
| Amounts payable within one year42/48 | €95,163 | €141,295 | €160,446 | €214,166 | €340,578 | ▲ 59.0% |
| Current portion of amounts payable after more than one year42 | - | €26,593 | €26,734 | €26,187 | €26,625 | ▲ 1.7% |
| Financial debts43 | - | €2,509 | €40,000 | €40,000 | €45,884 | ▲ 14.7% |
| Credit institutions430/8 | - | €2,509 | €40,000 | €40,000 | €45,884 | ▲ 14.7% |
| Trade debts44 | €52,727 | €65,277 | €66,810 | €32,046 | €143,979 | ▲ 349% |
| Suppliers440/4 | - | €65,277 | €66,810 | €32,046 | €143,979 | ▲ 349% |
| Taxes, remuneration and social security45 | - | €33,699 | €6,641 | €12,346 | €14,820 | ▲ 20.0% |
| Taxes450/3 | - | €33,699 | €1,857 | €6,948 | €10,529 | ▲ 51.5% |
| Remuneration and social security454/9 | - | - | €4,784 | €5,398 | €4,291 | ▼ 20.5% |
| Other amounts payable47/48 | - | €13,217 | €20,261 | €103,587 | €109,270 | ▲ 5.5% |
| Accrued charges and deferred income492/3 | - | - | €110,541 | - | €149,873 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88,119 | €46,905 | €52,535 | €59,103 | €54,461 | ▼ 7.9% |
| + Depreciation and write-downs630 | €472 | €21,683 | €33,057 | €44,682 | €69,421 | ▲ 55.4% |
| Operating cash flow (approximation) | €88,592 | €68,588 | €85,591 | €103,784 | €123,882 | ▲ 19.4% |
| Investment in fixed assets (approximation) | - | -€90,678 | -€35,872 | -€53,862 | -€131,353 | ▼ 144% |
| Change in cash | - | €22,169 | -€8,616 | -€7,838 | €35,912 | ▲ 558% |
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
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €202,559 ▲35%
3 profitable years in a row build equity to €202,559.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €46,905 ▼46.8%
Net result drops to €46,905, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €150,024 ▲45.5%
2 profitable years in a row build equity to €150,024.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days 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, Ieper · 1 establishment unit since 2019
Ground area
2,651 m²
Building footprint
786 m²
Volume, LiDAR
2,269 m³
Parcel 33003A0870/00Z000, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Notalek
since 20192.296.703.741
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33003A0870/00Z000 | Flanders | 2,650 m² | 1 · 786 m² | 7.6 m · 1 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 2024 · 3 entries · 7,454 EUR awarded · 7,225 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,864 EUR | 1,635 EUR |
| 2023 | 1 | 618 EUR | 618 EUR |
| 2022 | 1 | 4,972 EUR | 4,972 EUR |
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Of 1,706 companies in sector 81230 we hold annual accounts for 473. 353 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
Founded17-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
81230Other cleaning activities
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0739695373
Also
9925:BE0739695373
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.