Notha
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 22-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 81% lower than in 2024.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €2,694 | - |
| Depreciation and write-downs of the year | €699 | €898 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €734 awarded · €734 paid| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €0 | - | - |
| Non-recurring operating income76A | €12,301 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €699 | €898 | ▲ 28.5% |
| Other operating charges640/8 | €1,794 | €1,155 | ▼ 35.6% |
| Non-recurring operating charges66A | €53 | - | - |
| Gross operating margin9900 | €17,030 | €4,783 | ▼ 71.9% |
| Operating profit (loss)9901 | €14,484 | €2,730 | ▼ 81.2% |
| Financial charges65/66B | €843 | €756 | ▼ 10.3% |
| Recurring financial charges65 | €843 | €756 | ▼ 10.3% |
| Profit (loss) for the period before taxes9903 | €13,641 | €1,974 | ▼ 85.5% |
| Income taxes67/77 | €3,641 | €1,611 | ▼ 55.8% |
| Profit (loss) for the period9904 | €9,999 | €363 | ▼ 96.4% |
| Profit (loss) for the period to be appropriated9905 | €9,999 | €363 | ▼ 96.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €16,409 | €18,492 | ▲ 12.7% |
| Fixed assets21/28 | €1,995 | €1,097 | ▼ 45.0% |
| Tangible fixed assets22/27 | €1,995 | €1,097 | ▼ 45.0% |
| Plant, machinery and equipment23 | €531 | €348 | ▼ 34.5% |
| Furniture and vehicles24 | €1,465 | €750 | ▼ 48.8% |
| Current assets29/58 | €14,414 | €17,394 | ▲ 20.7% |
| Amounts receivable within one year40/41 | €6,463 | €7,633 | ▲ 18.1% |
| Trade receivables40 | €6,463 | €6,744 | ▲ 4.4% |
| Other amounts receivable41 | €0 | €889 | - |
| Cash at bank and in hand54/58 | €6,339 | €8,639 | ▲ 36.3% |
| Deferred charges and accrued income490/1 | €1,612 | €1,122 | ▼ 30.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €16,409 | €18,492 | ▲ 12.7% |
| Equity10/15 | €12,399 | €12,762 | ▲ 2.9% |
| Contributions10/11 | €2,400 | €2,400 | = |
| Profit (loss) carried forward14 | €9,999 | €10,362 | ▲ 3.6% |
| Amounts payable17/49 | €4,010 | €5,730 | ▲ 42.9% |
| Amounts payable within one year42/48 | €4,010 | €5,730 | ▲ 42.9% |
| Trade debts44 | €215 | €583 | ▲ 171% |
| Suppliers440/4 | €215 | €583 | ▲ 171% |
| Taxes, remuneration and social security45 | €1,944 | €4,071 | ▲ 109% |
| Taxes450/3 | €1,944 | €4,071 | ▲ 109% |
| Remuneration and social security454/9 | €0 | - | - |
| Other amounts payable47/48 | €1,850 | €1,076 | ▼ 41.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €9,999 | €363 | ▼ 96.4% |
| + Depreciation and write-downs630 | €699 | €898 | ▲ 28.5% |
| Operating cash flow (approximation) | €10,698 | €1,261 | ▼ 88.2% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €2,301 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,546 companies had the same profile as Notha has now. Two years later, 94.3% were still going and 2.3% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Notha itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,546 companies, not a prediction for Notha. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.