NOTAFLEX
ActiveNOTAFLEX has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €449k and a net result of €115k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 20% of 3286 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▲+12
Solvency35▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.59 against 2.56 in 2024; short-term debt: 18.6% and cash: 1% of total assets), and 89.5% 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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
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
10.5%
Return on assets
2.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 3286 sector peers (2025).
NBB · sector comparisonPosition among 3286 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
2 d early
2024
29 d late
2023
1 d early
2022
4 d early
2021
2 d early
2020
4 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€449k▲ 34.6%
2024 · €333k
2020: €202k
2021: €446k
2022: €485k
2023: €401k
2024: €333k
2020 → 2025
Total assets
€4.29M▼ 6.9%
2024 · €4.60M
2020: €4.08M
2021: €3.98M
2022: €3.42M
2023: €3.43M
2024: €4.60M
2020 → 2025
Net result
€115k
2024 · €-67k
2020: €132k
2021: €244k
2022: €39k
2023: €-84k
2024: €-67k
2020 → 2025
Working capital
€-324k
2024 · €1.36M
2020: €455k
2021: €1.78M
2022: €1.70M
2023: €1.47M
2024: €1.36M
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€446k-€485k▲ 8.8%€401k▼ 17.4%€333k▼ 16.8%€449k▲ 34.6%
Operating result€94k-€33k▼ 64.8%€-40k€34k€232k▲ 593%
Net result€244k-€39k▼ 84.0%€-84k€-67k▲ 20.0%€115k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 593% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.29M
Fixed assets
€3.81M▲ 60.8%
Current assets
€475k▼ 78.8%
Equity and liabilities €4.29M
Equity
€449k▲ 34.6%
Debt
€3.84M▼ 10.2%
The debt ratio falls from 92.8% to 89.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€350k▲
2024 · €205k
Cash flow
€233k▲
2024 · €104k
Solvency
10.5%▲
2024 · 7.2%
Current ratio
0.59▼
2024 · 2.56
Quick ratio
0.59▼
2024 · 2.56
Debt / equity
8.55▼
2024 · 12.81
ROE
25.7%▲
2024 · -20.2%
ROA
2.7%▲
2024 · -1.5%
Interest coverage
2.54▲
2024 · 1.68
Debt
€3.84M▼
2024 · €4.27M
Debt ≤ 1 year
€798k▼
2024 · €871k
Debt > 1 year
€3.02M▼
2024 · €3.37M
Income taxes
€2k▲
2024 · €534
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€4.60M€4.29M▼
Fixed assets21/28€2.37M€3.81M▲
Intangible fixed assets21€7k€1k▼
Tangible fixed assets22/27€1.92M€1.41M▼
Land and buildings22€1.72M€1.24M▼
Furniture and vehicles24€10k€6k▼
Other tangible fixed assets26€190k€162k▼
Financial fixed assets28€439k€2.40M▲
Current assets29/58€2.23M€475k▼
Amounts receivable after more than one year29€735k-
Other amounts receivable291€735k-
Amounts receivable within one year40/41€1.42M€418k▼
Trade receivables40€33k€11k▼
Other amounts receivable41€1.39M€407k▼
Cash at bank and in hand54/58€842€44k▲
Deferred charges and accrued income490/1€74k€12k▼
Equity and liabilities
Total equity and liabilities10/49€4.60M€4.29M▼
Equity10/15€333k€449k▲
Contributions10/11€4k€4k=
Reserves13€461k€461k=
Distributable reserves133€461k€461k=
Profit (loss) carried forward14€-132k€-17k▲
Amounts payable17/49€4.27M€3.84M▼
Amounts payable after more than one year17€3.37M€3.02M▼
Financial debts170/4€3.37M€3.02M▼
Amounts payable within one year42/48€871k€798k▼
Current portion of amounts payable after more than one year42€417k€413k▼
Financial debts43€415k€315k▼
Credit institutions430/8€415k€315k▼
Trade debts44€31k€42k▲
Suppliers440/4€31k€42k▲
Taxes, remuneration and social security45€7k€27k▲
Taxes450/3€7k€27k▲
Other amounts payable47/48€700€700=
Accrued charges and deferred income492/3€33k€15k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€171k€118k▼
Other operating charges640/8€28k€55k▲
Gross operating margin9900€233k€405k▲
Operating profit (loss)9901€34k€232k▲
Financial income75/76B€22k€23k▲
Recurring financial income75€22k€23k▲
Financial charges65/66B€122k€138k▲
Recurring financial charges65€122k€138k▲
Profit (loss) for the period before taxes9903€-67k€117k▲
Income taxes67/77€534€2k▲
Profit (loss) for the period9904€-67k€115k▲
Profit (loss) for the period to be appropriated9905€-67k€115k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-132k€-17k▲
Profit (loss) brought forward from the previous period14P€-65k€-132k▼
The notes to these accounts (17 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €115k
Net result €115k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-84k ▼316%
Net result drops to €-84k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2020net €244k ▲85%
Net result €244k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.62
Current ratio from 1.58 to 3.62; short-term debt falls from €783k to €677k.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Mortsel · 1 establishment unit since 2020
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.
Kapellelei 222640 MortselGround area
1,321 m²
Building footprint
177 m²
Volume, LiDAR
1,477 m³
Parcel 11029A0183/00E009, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NOTAFLEX
since 20202.305.746.220
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11029A0183/00E009 | Flanders | 1,320 m² | 1 · 177 m² | 13.2 m · 3 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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PATRIBIN
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Notaris Marie-Ghislaine Brosens
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VAN HOOF - WIBO GEASSOCIEERDE NOTARISSEN
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Of 2,258 companies in sector 69102 we hold annual accounts for 1,754. 1,323 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2020
Fiscal year end31-12
Activities, NACEBEL
69102Activities of notaries
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.