NOTUX
ActiveSummary
NOTUX has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€68,422) and a net result of -€126,090. Equity is shrinking by ~36.4% per year across the filed fiscal years. Its solvency ranks better than 15% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-2
Solvency19▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.94 against 1.05 in 2024; short-term debt: 105.9% and cash: 81% of total assets), and equity is negative.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
-6%
Return on assets
-11%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€68,422
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
32 d early
2023
16 d early
2022
23 d early
2021
1 d early
2020
31 d late
2019
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
-€68,422
2024 · €57,668
Total assets
€1.1m▼ 9.3%
2024 · €1.3m
Net result
-€126,090▼ 86.1%
2024 · -€67,771
Working capital
-€67,172
2024 · €61,416
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€49,562€63,932▲ 29.0%-€114,895-€37,594▲ 67.3%-€87,824▼ 134%
Net result€23,797€32,463▲ 36.4%-€126,259-€67,771▲ 46.3%-€126,090▼ 86.1%
Equity€219,235▲ 21.5%€251,698▲ 14.8%€125,439▼ 50.2%€57,668▼ 54.0%-€68,422
Total assets€1.0m▲ 42.4%€983,155▼ 2.8%€692,817▼ 29.5%€1.3m▲ 82.2%€1.1m▼ 9.3%
Debt€792,193▲ 49.4%€731,457▼ 7.7%€567,378▼ 22.4%€1.2m▲ 112%€1.2m▲ 0.7%
Working capital€218,300▲ 22.3%€263,452▲ 20.7%€126,852▼ 51.9%€61,416▼ 51.6%-€67,172
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €87,824 in 2025 against €37,594 in 2024; the loss grows.
Key figures and ratios
Solvency
-6.0%▼
2024 · 4.6%
Current ratio
0.94▼
2024 · 1.05
Quick ratio
0.79▲
2024 · 0.20
Debt to equity
-17.74▼
2024 · 20.90
ROA
-11.0%▼
2024 · -5.4%
Debt ≤ 1 year
€1.2m▲
2024 · €1.2m
Income taxes
€726▲
2024 · €1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 682 companies that looked in July 2024 the way this one looks now, 6.3% went bankrupt within 24 months and 84% are still going.
- Small
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
6.3%
went bankrupt
6.2%
stopped otherwise
84%
still going
A further 3.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,058 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 682 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 | €935 | €1,322 | €387 | €387 | - | - |
| Other operating charges640/8 | €1,088 | €504 | €4,188 | €1,150 | €574 | ▼ 50.1% |
| Gross operating margin9900 | €51,585 | €65,758 | -€110,319 | -€36,057 | -€87,250 | ▼ 142% |
| Operating profit (loss)9901 | €49,562 | €63,932 | -€114,895 | -€37,594 | -€87,824 | ▼ 134% |
| Financial income75/76B | €7,892 | €5,209 | €11,611 | €10,247 | €8,748 | ▼ 14.6% |
| Recurring financial income75 | €7,892 | €5,209 | €11,611 | €10,247 | €8,748 | ▼ 14.6% |
| Non-recurring financial income76B | €7,892 | €5,209 | - | - | - | - |
| Financial charges65/66B | €22,157 | €22,752 | €22,603 | €40,424 | €46,288 | ▲ 14.5% |
| Recurring financial charges65 | €15,557 | €12,466 | €22,603 | €40,424 | €46,288 | ▲ 14.5% |
| Non-recurring financial charges66B | €6,600 | €10,286 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €35,297 | €46,390 | -€125,887 | -€67,771 | -€125,363 | ▼ 85.0% |
| Income taxes67/77 | €11,500 | €13,926 | €372 | €1 | €726 | ▲ 109,950% |
| Profit (loss) for the period9904 | €23,797 | €32,463 | -€126,259 | -€67,771 | -€126,090 | ▼ 86.1% |
| Profit (loss) for the period to be appropriated9905 | €23,797 | €32,463 | -€126,259 | -€67,771 | -€126,090 | ▼ 86.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €983,155 | €692,817 | €1.3m | €1.1m | ▼ 9.3% |
| Fixed assets21/28 | €935 | €775 | €387 | - | - | - |
| Tangible fixed assets22/27 | €935 | €775 | €387 | - | - | - |
| Furniture and vehicles24 | €935 | €775 | €387 | - | - | - |
| Current assets29/58 | €1.0m | €982,380 | €692,430 | €1.3m | €1.1m | ▼ 9.3% |
| Stocks and contracts in progress3 | €538,665 | €116,965 | €469,816 | €1.0m | €187,240 | ▼ 81.7% |
| Stocks30/36 | €538,665 | €116,965 | €469,816 | €1.0m | €187,240 | ▼ 81.7% |
| Amounts receivable within one year40/41 | €39,543 | €15,668 | €8,262 | €9,467 | €13,047 | ▲ 37.8% |
| Trade receivables40 | €14,543 | €6,364 | - | - | €13,047 | - |
| Other amounts receivable41 | €25,000 | €9,304 | €8,262 | €9,467 | - | - |
| Cash at bank and in hand54/58 | €381,456 | €816,718 | €127,350 | €135,349 | €927,768 | ▲ 585% |
| Deferred charges and accrued income490/1 | €50,829 | €33,029 | €87,003 | €94,108 | €17,358 | ▼ 81.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €983,155 | €692,817 | €1.3m | €1.1m | ▼ 9.3% |
| Equity10/15 | €219,235 | €251,698 | €125,439 | €57,668 | -€68,422 | ▼ 219% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | €135,733 | €135,733 | €135,733 | €135,733 | €135,733 | = |
| Non-distributable reserves130/1 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves not available under the articles1311 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Distributable reserves133 | €115,733 | €115,733 | €115,733 | €115,733 | €115,733 | = |
| Profit (loss) carried forward14 | -€116,498 | -€84,035 | -€210,294 | -€278,065 | -€404,155 | ▼ 45.3% |
| Amounts payable17/49 | €792,193 | €731,457 | €567,378 | €1.2m | €1.2m | ▲ 0.7% |
| Amounts payable within one year42/48 | €792,193 | €718,928 | €565,578 | €1.2m | €1.2m | ▲ 0.9% |
| Financial debts43 | €611,238 | €611,238 | €464,000 | €1.0m | €950,000 | ▼ 5.0% |
| Credit institutions430/8 | €611,238 | €611,238 | €464,000 | €1.0m | €950,000 | ▼ 5.0% |
| Trade debts44 | €33,955 | €32,214 | €26,102 | €25,761 | €44,128 | ▲ 71.3% |
| Suppliers440/4 | €33,955 | €32,214 | €26,102 | €25,761 | €44,128 | ▲ 71.3% |
| Taxes, remuneration and social security45 | €62,500 | €25,426 | €25,426 | €25,426 | €43,406 | ▲ 70.7% |
| Taxes450/3 | €62,500 | €25,426 | €25,426 | €25,426 | €43,406 | ▲ 70.7% |
| Other amounts payable47/48 | €84,500 | €50,050 | €50,050 | €150,050 | €175,050 | ▲ 16.7% |
| Accrued charges and deferred income492/3 | - | €12,529 | €1,800 | €3,747 | €1,250 | ▼ 66.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,797 | €32,463 | -€126,259 | -€67,771 | -€126,090 | ▼ 86.1% |
| + Depreciation and write-downs630 | €935 | €1,322 | €387 | €387 | - | - |
| Operating cash flow (approximation) | €24,732 | €33,785 | -€125,872 | -€67,384 | -€126,090 | ▼ 87.1% |
| Investment in fixed assets (approximation) | - | -€1,162 | €0 | - | - | - |
| Change in cash | - | €435,262 | -€689,369 | €7,999 | €792,418 | ▲ 9,806% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €23,797
Net result €23,797 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €219,235 ▲21.5%
Equity rises from €180,439 to €219,235.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€305,505
Net result drops to -€305,505, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 2005
Ground area
178 m²
Building footprint
178 m²
Volume, LiDAR
1,266 m³
Parcel 44002B0074/00Y000, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Afsneedorp 14, 9051 Gent
since 20052.149.617.592
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44002B0074/00Y000 | Flanders | 178 m² | 1 · 178 m² | 9.7 m · 3 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.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,114 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 (pre-2019)
Founded15-09-2005
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0876227922
Also
9925:BE0876227922
Registered
03-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.