NOTAREUL
ActiveSummary
NOTAREUL has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6,994 and a net result of -€3,006. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1743 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69=
Solvency25=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
0.1%
Return on assets
-0.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1743 sector peers (2024).
NBB · sector comparisonPosition among 1743 sector peers
Solvency
better than 5%
← 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 27-06-2026, 34 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
34 d early
2024
27 d late
2023
30 d late
2022
31 d late
2021
23 d early
2020
72 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 27 August (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
In the rankings
#3 company by total assets in Morlanwelz, Professional and technical services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€3,006
2023 · €12,160
Working capital
-€381,464▼ 26.8%
2023 · -€300,767
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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-€1,464-€185,601€154,876▼ 16.6%€18,735▼ 87.9%-€6,178
Net result-€1,464below the sector's middle half-€163,602above the sector's middle half€122,501within the sector's middle half▼ 25.1%€12,160below the sector's middle half▼ 90.1%-€3,006below the sector's middle half
Equity€8,536below the sector's middle half-€172,139within the sector's middle half▲ 1,917%€294,639within the sector's middle half▲ 71.2%€10,000below the sector's middle half▼ 96.6%€6,994below the sector's middle half▼ 30.1%
Total assets€108,882within the sector's middle half-€4.2mabove the sector's middle half▲ 3,752%€4.7mabove the sector's middle half▲ 11.1%€4.6mabove the sector's middle half▼ 0.7%€4.7mabove the sector's middle half▲ 0.9%
Debt€100,345-€4.0m▲ 3,908%€4.4m▲ 8.5%€4.6m▲ 5.8%€4.7m▲ 0.9%
Working capital-€90,699below the sector's middle half-€73,989within the sector's middle half€154,179within the sector's middle half▲ 108%-€300,767below the sector's middle half-€381,464below the sector's middle half▼ 26.8%
Solvency7.8%below the sector's middle half-4.1%below the sector's middle half▼ 3.7pp6.3%below the sector's middle half▲ 2.2pp0.2%below the sector's middle half▼ 6.1pp0.1%below the sector's middle half▼ 0.1pp
Current ratio0.10below the sector's middle half-1.03below the sector's middle half▲ 0.931.05within the sector's middle half▲ 0.020.91below the sector's middle half▼ 0.140.90below the sector's middle half▼ 0.02
Return on assets (ROA)-1.3%below the sector's middle half-3.9%within the sector's middle half▲ 5.2pp2.6%within the sector's middle half▼ 1.3pp0.3%below the sector's middle half▼ 2.4pp-0.1%below the sector's middle half▼ 0.3pp
Staff (FTE)33within the sector's middle half=3within the sector's middle half=4.1within the sector's middle half▲ 36.7%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6,178 after €18,735 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.7m
Fixed assets
€1.4m ▼ 4.1%
Current assets
€3.3m ▲ 3.1%
Equity and liabilities €4.7m
Equity
€6,994 ▼ 30.1%
Debt
€4.7m ▲ 0.9%
Debt's share of the balance-sheet total rises from 99.8% to 99.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€145,154▼
2023 · €154,233
Cash flow
€148,326▲
2023 · €147,658
ROE
-43.0%▼
2023 · 121.6%
Interest coverage
20.81▼
2023 · 21.66
Debt ≤ 1 year
€3.7m▲
2023 · €3.5m
Debt > 1 year
€971,905▼
2023 · €1.1m
Income taxes
€349▼
2023 · €1,540
Staff costs
€301,194▲
2023 · €257,255
A ratio outside any meaningful range has been withheld (balance sheet total €4.7m, equity €6,994).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 849 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 92% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a small loss
4.6%
went bankrupt
3.3%
stopped otherwise
92%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 849 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €414 | - | - |
| Remuneration, social security and pensions62 | - | €234,790 | €251,375 | €257,255 | €301,194 | ▲ 17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €765 | €104,604 | €119,335 | €135,498 | €151,332 | ▲ 11.7% |
| Other operating charges640/8 | - | €2,616 | - | €2,762 | €2,252 | ▼ 18.5% |
| Gross operating margin9900 | -€699 | €527,611 | €525,587 | €414,249 | €448,599 | ▲ 8.3% |
| Operating profit (loss)9901 | -€1,464 | €185,601 | €154,876 | €18,735 | -€6,178 | ▼ 133% |
| Financial income75/76B | - | €4 | - | €2,086 | €10,496 | ▲ 403% |
| Recurring financial income75 | - | €4 | - | €2,086 | €10,496 | ▲ 403% |
| Financial charges65/66B | - | €4,159 | €7,937 | €7,120 | €6,975 | ▼ 2.0% |
| Recurring financial charges65 | - | €4,159 | €7,937 | €7,120 | €6,975 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | -€1,464 | €181,446 | €146,940 | €13,700 | -€2,657 | ▼ 119% |
| Income taxes67/77 | - | €17,844 | €24,439 | €1,540 | €349 | ▼ 77.3% |
| Profit (loss) for the period9904 | -€1,464 | €163,602 | €122,501 | €12,160 | -€3,006 | ▼ 125% |
| Profit (loss) for the period to be appropriated9905 | -€1,464 | €163,602 | €122,501 | €12,160 | -€3,006 | ▼ 125% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €108,882 | €4.2m | €4.7m | €4.6m | €4.7m | ▲ 0.9% |
| Fixed assets21/28 | €99,235 | €1.4m | €1.4m | €1.4m | €1.4m | ▼ 4.1% |
| Intangible fixed assets21 | - | €757,800 | €673,600 | €589,400 | €505,200 | ▼ 14.3% |
| Tangible fixed assets22/27 | €99,235 | €592,244 | €714,029 | €830,903 | €856,805 | ▲ 3.1% |
| Land and buildings22 | - | €580,696 | €669,883 | €785,716 | €799,086 | ▲ 1.7% |
| Plant, machinery and equipment23 | - | €1,975 | €1,566 | €4,988 | €5,748 | ▲ 15.2% |
| Furniture and vehicles24 | - | €9,573 | €42,579 | €40,199 | €51,972 | ▲ 29.3% |
| Current assets29/58 | €9,647 | €2.8m | €3.3m | €3.2m | €3.3m | ▲ 3.1% |
| Amounts receivable within one year40/41 | €60 | €43,461 | €31,657 | €102,624 | €106,738 | ▲ 4.0% |
| Trade receivables40 | - | €3,260 | €5,836 | €10,680 | €6,155 | ▼ 42.4% |
| Other amounts receivable41 | - | €40,201 | €25,821 | €91,943 | €100,583 | ▲ 9.4% |
| Cash at bank and in hand54/58 | €9,587 | €2.8m | €3.2m | €3.1m | €3.2m | ▲ 3.0% |
| Deferred charges and accrued income490/1 | - | €129 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €108,882 | €4.2m | €4.7m | €4.6m | €4.7m | ▲ 0.9% |
| Equity10/15 | €8,536 | €172,139 | €294,639 | €10,000 | €6,994 | ▼ 30.1% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | - | €162,139 | €284,639 | - | - | - |
| Distributable reserves133 | - | €162,139 | €284,639 | - | - | - |
| Profit (loss) carried forward14 | -€1,464 | - | - | - | -€3,006 | - |
| Amounts payable17/49 | €100,345 | €4.0m | €4.4m | €4.6m | €4.7m | ▲ 0.9% |
| Amounts payable after more than one year17 | - | €1.3m | €1.2m | €1.1m | €971,905 | ▼ 12.4% |
| Financial debts170/4 | - | €1.3m | €1.2m | €1.1m | €971,905 | ▼ 12.4% |
| Amounts payable within one year42/48 | €100,345 | €2.8m | €3.1m | €3.5m | €3.7m | ▲ 5.1% |
| Current portion of amounts payable after more than one year42 | - | €137,632 | €137,632 | €137,632 | €137,632 | = |
| Trade debts44 | €345 | €2.3m | €2.7m | €2.9m | €3.2m | ▲ 10.3% |
| Suppliers440/4 | - | €2.3m | €2.7m | €2.9m | €3.2m | ▲ 10.3% |
| Taxes, remuneration and social security45 | - | €81,323 | €117,137 | €78,420 | €77,503 | ▼ 1.2% |
| Taxes450/3 | - | €49,029 | €79,177 | €42,311 | €38,617 | ▼ 8.7% |
| Remuneration and social security454/9 | - | €32,294 | €37,960 | €36,110 | €38,886 | ▲ 7.7% |
| Other amounts payable47/48 | - | €219,719 | €172,961 | €430,933 | €315,677 | ▼ 26.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,643 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,464 | €163,602 | €122,501 | €12,160 | -€3,006 | ▼ 125% |
| + Depreciation and write-downs630 | €765 | €104,604 | €119,335 | €135,498 | €151,332 | ▲ 11.7% |
| Operating cash flow (approximation) | -€699 | €268,206 | €241,836 | €147,658 | €148,326 | ▲ 0.5% |
| Investment in fixed assets (approximation) | - | -€1.4m | -€156,920 | -€168,173 | -€93,034 | ▲ 44.7% |
| Change in cash | - | €2.8m | €437,929 | -€134,658 | €93,789 | ▲ 170% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet -€3,006
Net result drops to -€3,006, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Equity above €200,000Eq €294,639 ▲71.2%
2 profitable years in a row build equity to €294,639.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €163,602
Net result €163,602 after one loss-making year.
31-12
Financial
Liquidity times 11current ratio 1.03
Current ratio from 0.10 to 1.03.
31-12
Financial
Equity above €150,000Eq €172,139 ▲1,917%
Equity rises from €8,536 to €172,139.
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Morlanwelz · 1 establishment unit since 2020
Ground area
867 m²
Building footprint
165 m²
Parcel 56057A1012/00C007, Wallonia. Linked by address, not a title deed.
1 establishment unit
NOTAREUL
since 20202.311.579.878
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56057A1012/00C007 | Wallonia | 866 m² | 1 · 165 m² | - |
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.
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Of 2,260 companies in sector 69102 we hold annual accounts for 1,754. 481 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
Founded28-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
69102Activities of notaries
E-invoicing
Reachable via Peppol
Peppol ID
0208:0755327914
Also
9925:BE0755327914
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.