NOTIKA
ActiveNOTIKA has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €524k and a net result of €69k. Equity is growing by ~38.3% per year across the filed fiscal years. Its solvency ranks better than 39% of 18173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-2
Solvency46▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.03 in 2024; short-term debt: 56.1% and cash: 1.1% of total assets), and 79.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
20.9%
Return on assets
2.7%
Age of the figures
9 mo
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 24-07-2026, 7 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
7 d early
2024
1 d early
2023
33 d early
2022
115 d early
2021
58 d early
2020
1 d early
2019
28 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€524k▼ 12.0%
2024 · €595k
2018: €84k
2019: €122k
2020: €143k
2021: €224k
2022: €323k
2023: €508k
2024: €595k
2018 → 2025
Total assets
€2.51M▲ 11.0%
2024 · €2.26M
2018: €166k
2019: €834k
2020: €2.25M
2021: €2.26M
2022: €2.26M
2023: €2.25M
2024: €2.26M
2018 → 2025
Net result
€69k▼ 21.5%
2024 · €87k
2018: €59k
2019: €39k
2020: €21k
2021: €81k
2022: €93k
2023: €185k
2024: €87k
2018 → 2025
Working capital
€-1.38M▼ 41.0%
2024 · €-980k
2018: €77k
2019: €-12k
2020: €-668k
2021: €-782k
2022: €-872k
2023: €-876k
2024: €-980k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€224k-€323k▲ 44.2%€508k▲ 57.4%€595k▲ 17.2%€524k▼ 12.0%
Operating result€141k-€151k▲ 7.3%€153k▲ 1.8%€143k▼ 6.5%€116k▼ 18.8%
Net result€81k-€93k▲ 14.7%€185k▲ 99.8%€87k▼ 52.8%€69k▼ 21.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 19% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.51M
Fixed assets
€2.48M▲ 11.4%
Current assets
€28k▼ 13.6%
Equity and liabilities €2.51M
Equity
€524k▼ 12.0%
Debt
€1.99M▲ 19.3%
The debt ratio rises from 73.7% to 79.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€149k▲
2024 · €145k
Cash flow
€101k▲
2024 · €89k
Solvency
20.9%▼
2024 · 26.3%
Current ratio
0.02▼
2024 · 0.03
Quick ratio
0.02▼
2024 · 0.03
Debt / equity
3.79▲
2024 · 2.80
ROE
13.1%▼
2024 · 14.7%
ROA
2.7%▼
2024 · 3.9%
Interest coverage
9.52▼
2024 · 9.54
Debt
€1.99M▲
2024 · €1.67M
Debt ≤ 1 year
€1.41M▲
2024 · €1.01M
Debt > 1 year
€577k▼
2024 · €654k
Income taxes
€32k▼
2024 · €41k
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€2.26M€2.51M▲
Fixed assets21/28€2.23M€2.48M▲
Tangible fixed assets22/27€4k€257k▲
Land and buildings22-€252k
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€767€3k▲
Financial fixed assets28€2.23M€2.23M=
Current assets29/58€32k€28k▼
Cash at bank and in hand54/58€32k€28k▼
Equity and liabilities
Total equity and liabilities10/49€2.26M€2.51M▲
Equity10/15€595k€524k▼
Contributions10/11€19k€19k=
Reserves13€507k€436k▼
Distributable reserves133€507k€436k▼
Profit (loss) carried forward14€69k€69k=
Amounts payable17/49€1.67M€1.99M▲
Amounts payable after more than one year17€654k€577k▼
Financial debts170/4€654k€577k▼
Amounts payable within one year42/48€1.01M€1.41M▲
Current portion of amounts payable after more than one year42€190k€203k▲
Trade debts44€18k€27▼
Suppliers440/4€18k€27▼
Taxes, remuneration and social security45€17k€19k▲
Taxes450/3€17k€19k▲
Other amounts payable47/48€787k€1.19M▲
Accrued charges and deferred income492/3-€998
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€32k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€146k€150k▲
Operating profit (loss)9901€143k€116k▼
Financial charges65/66B€15k€16k▲
Recurring financial charges65€15k€16k▲
Profit (loss) for the period before taxes9903€128k€101k▼
Income taxes67/77€41k€32k▼
Profit (loss) for the period9904€87k€69k▼
Profit (loss) for the period to be appropriated9905€87k€69k▼
Appropriation of the result
Profit (loss) to be appropriated9906€157k€138k▼
Profit (loss) brought forward from the previous period14P€69k€69k=
Transfer from equity791/2-€140k
Transfer to equity691/2€87k€69k▼
To other reserves6921€87k€69k▼
Profit to be distributed694/7-€140k
Return on contributions (dividend)694-€140k
The notes to these accounts (8 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €185k ▲99.8%
Operating result €153k, net result €185k, both a record.
31-12
Financial
Equity above €500kEq €508k ▲57.4%
6 profitable years in a row build equity to €508k.
07-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €224k ▲56.4%
4 profitable years in a row build equity to €224k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €21k ▼46.6%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €122k ▲46.3%
2 profitable years in a row build equity to €122k.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Ninove · 1 establishment unit since 2016
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.
Neuringen(Den) 809400 NinoveGround area
895 m²
Building footprint
172 m²
Volume, LiDAR
759 m³
Parcel 41012A1396/00F000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Notika Bvba
since 20162.261.140.868
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41012A1396/00F000 | Flanders | 895 m² | 1 · 172 m² | 8.3 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNinove2.261.140.868
Legal Entity Identifier
699400T1M9C6DPMMBJ68
Similar companies · same sector, comparable size
Apotheek De Stoop Deinze
BE 0845.003.424
Deinze · Eq €524k
APOTHEEK LELEU
BE 0438.765.939
Menen · Eq €523k
MAREPHAR
BE 0479.955.109
Lichtervelde · Eq €523k
De Zorgapotheek
BE 0894.019.405
Hulshout · Eq €526k
Z+PHARMA
BE 0453.060.967
Beveren-Kruibeke-Zwijndrecht · Eq €522k
Of 5,223 companies in sector 47730 we hold annual accounts for 3,862. 3,348 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-2016
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.