NOTAX
ActiveSummary
NOTAX has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €404,025 and a net result of -€1,077. Equity remains stable across the filed fiscal years (±1% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▲+10
Solvency97▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.03 in 2024; short-term debt: 26% and cash: 2% of total assets), and 27.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-04-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
37 d early
2023
25 d early
2022
16 d early
2021
5 d early
2020
1 d early
2019
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 18 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€404,025▼ 0.3%
2024 · €405,102
Total assets
€557,277▲ 1.1%
2024 · €551,230
Net result
-€1,077▲ 89.1%
2024 · -€9,849
Working capital
-€133,699▲ 0.4%
2024 · -€134,281
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€690▼ 87.2%€4,321▲ 526%€4,173▼ 3.4%-€3,071€6,075
Net result-€5,707▼ 202%-€2,233▲ 60.9%-€2,413▼ 8.1%-€9,849▼ 308%-€1,077▲ 89.1%
Equity€419,597▼ 1.3%€417,364▼ 0.5%€414,951▼ 0.6%€405,102▼ 2.4%€404,025▼ 0.3%
Total assets€556,281▼ 0.9%€554,940▼ 0.2%€550,419▼ 0.8%€551,230▲ 0.1%€557,277▲ 1.1%
Debt€136,684▲ 0.5%€137,576▲ 0.7%€135,468▼ 1.5%€146,129▲ 7.9%€153,252▲ 4.9%
Working capital-€130,674▼ 2.1%-€131,841▼ 0.9%-€131,461▲ 0.3%-€134,281▼ 2.1%-€133,699▲ 0.4%
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: €6,075 after a loss of €3,071 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €557,277
Fixed assets
€545,975 ▼ 0.2%
Current assets
€11,302 ▲ 185%
Equity and liabilities €557,277
Equity
€404,025 ▼ 0.3%
Debt
€153,252 ▲ 4.9%
Debt's share of the balance-sheet total rises from 26.5% to 27.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7,361▲
2024 · -€1,145
Cash flow
€210▲
2024 · -€7,924
Current ratio
0.08▲
2024 · 0.03
Debt to equity
0.38▲
2024 · 0.36
ROE
-0.3%▲
2024 · -2.4%
ROA
-0.2%▲
2024 · -1.8%
Interest coverage
1.03▲
2024 · -0.17
Debt ≤ 1 year
€145,001▲
2024 · €138,251
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 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 8,594 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,161 | €3,375 | €2,782 | €1,926 | €1,287 | ▼ 33.2% |
| Other operating charges640/8 | €2,188 | €2,230 | €2,438 | €2,600 | €2,626 | ▲ 1.0% |
| Gross operating margin9900 | €6,038 | €9,925 | €9,392 | €1,455 | €9,987 | ▲ 587% |
| Operating profit (loss)9901 | €690 | €4,321 | €4,173 | -€3,071 | €6,075 | ▲ 298% |
| Financial income75/76B | - | - | €100 | €0 | - | - |
| Recurring financial income75 | - | - | €100 | €0 | - | - |
| Financial charges65/66B | €6,397 | €6,553 | €6,686 | €6,778 | €7,151 | ▲ 5.5% |
| Recurring financial charges65 | €6,397 | €6,553 | €6,686 | €6,778 | €7,151 | ▲ 5.5% |
| Profit (loss) for the period before taxes9903 | -€5,707 | -€2,233 | -€2,413 | -€9,849 | -€1,077 | ▲ 89.1% |
| Profit (loss) for the period9904 | -€5,707 | -€2,233 | -€2,413 | -€9,849 | -€1,077 | ▲ 89.1% |
| Profit (loss) for the period to be appropriated9905 | -€5,707 | -€2,233 | -€2,413 | -€9,849 | -€1,077 | ▲ 89.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €556,281 | €554,940 | €550,419 | €551,230 | €557,277 | ▲ 1.1% |
| Fixed assets21/28 | €552,978 | €551,969 | €549,187 | €547,261 | €545,975 | ▼ 0.2% |
| Tangible fixed assets22/27 | €552,738 | €551,728 | €548,947 | €547,021 | €545,734 | ▼ 0.2% |
| Land and buildings22 | €550,609 | €548,721 | €547,268 | €545,816 | €545,002 | ▼ 0.1% |
| Plant, machinery and equipment23 | €2,129 | €3,007 | €1,678 | €1,205 | €732 | ▼ 39.2% |
| Financial fixed assets28 | €240 | €240 | €240 | €240 | €240 | = |
| Current assets29/58 | €3,303 | €2,971 | €1,232 | €3,969 | €11,302 | ▲ 185% |
| Cash at bank and in hand54/58 | €3,303 | €2,971 | €1,232 | €3,969 | €11,302 | ▲ 185% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €556,281 | €554,940 | €550,419 | €551,230 | €557,277 | ▲ 1.1% |
| Equity10/15 | €419,597 | €417,364 | €414,951 | €405,102 | €404,025 | ▼ 0.3% |
| Contributions10/11 | €99,157 | €99,157 | €99,157 | €99,157 | €99,157 | = |
| Capital10 | €99,157 | €99,157 | €99,157 | €99,157 | €99,157 | = |
| Issued capital100 | €99,157 | €99,157 | €99,157 | €99,157 | €99,157 | = |
| Revaluation surpluses12 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Profit (loss) carried forward14 | -€179,560 | -€181,793 | -€184,207 | -€194,056 | -€195,133 | ▼ 0.6% |
| Amounts payable17/49 | €136,684 | €137,576 | €135,468 | €146,129 | €153,252 | ▲ 4.9% |
| Amounts payable within one year42/48 | €133,977 | €134,812 | €132,693 | €138,251 | €145,001 | ▲ 4.9% |
| Trade debts44 | €348 | €629 | €336 | €1,756 | €1,679 | ▼ 4.4% |
| Suppliers440/4 | €348 | €629 | €336 | €1,756 | €1,679 | ▼ 4.4% |
| Other amounts payable47/48 | €133,629 | €134,183 | €132,357 | €136,495 | €143,321 | ▲ 5.0% |
| Accrued charges and deferred income492/3 | €2,707 | €2,764 | €2,775 | €7,878 | €8,251 | ▲ 4.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,707 | -€2,233 | -€2,413 | -€9,849 | -€1,077 | ▲ 89.1% |
| + Depreciation and write-downs630 | €3,161 | €3,375 | €2,782 | €1,926 | €1,287 | ▼ 33.2% |
| Operating cash flow (approximation) | -€2,547 | €1,142 | €368 | -€7,924 | €210 | ▲ 103% |
| Investment in fixed assets (approximation) | - | -€2,365 | €0 | €0 | €0 | - |
| Change in cash | - | -€331 | -€1,739 | €2,737 | €7,333 | ▲ 168% |
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
10-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€9,849
Net result drops to -€9,849, the lowest in the series; recovery starts the following year.
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-03
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.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Destelbergen · 1 establishment unit since 2000
Ground area
1,465 m²
Building footprint
254 m²
Volume, LiDAR
1,441 m³
Parcel 44013A0270/00X000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Notaxlaan 6, 9070 Destelbergen
since 20002.029.935.331
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013A0270/00X000 | Flanders | 1,465 m² | 1 · 254 m² | 8.4 m · 2 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.
Identification & contact
Identification
Legal formPublic limited company
Founded19-12-1986
Fiscal year end30-09
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430114232
Also
9925:BE0430114232
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.