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NOUN IMMO

Active
Private limited company (pre-2019)founded 201016 yrs activeOude-Godstraat 97, 2650 Edegem, BelgiumKBO/BCE: BE 0829.375.437
Summary

The computed 12-month bankruptcy probability of NOUN IMMO is 3.8% (moderate). The 2024 annual accounts show equity of €53,510 and a net result of -€2,908. Equity is growing by ~3.8% per year across the filed fiscal years. The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
NOUN IMMOActiveChecked score 48/100
Risk analysis ReportCompare

Overview

Activity
Activity not known1 site
Size
€342,963total assets 2024
Equity
€53,510
Loss
-€2,908
Turnover not published (abridged schema)
Financial health
48 Fair Checked score 2024
Bankruptcy chance 12 m
3.8%
Structure
Holdings
1
Accounts 65 d overdue0 of 2 deeds read
Why 48- Liquidity: current ratio 0.18, cash €2, halved- Figures for FY 2024 (filed 11-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 69 days late; 3 of the last 3 late+ Size: total assets €342,963Show the evidence

Checked score

Score 2024
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 26% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 41=
equity 15.6% of total assets
Liquidity 15-2
short-term debt 65.5% · cash 0.0%
Profitability 51-16
return on assets -0.8%
Bankruptcy probability, 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 13.1%highest value 12-2024: 13.1%● 0.0% vs 11-2024highest value 01-2025: 13.1%● 0.0% vs 12-2024highest value 02-2025: 2.6%▼ -80.3% vs 01-2025 03-2025: 2.6%▼ -1.2% vs 02-2025 04-2025: 2.4%▼ -6.3% vs 03-2025 05-2025: 2.4%▼ -0.5% vs 04-2025 06-2025: 2.5%▲ +4.2% vs 05-2025 07-2025: 2.5%▲ +0.2% vs 06-2025 08-2025: 3.2%▲ +27.9% vs 07-2025 09-2025: 3.6%▲ +13.3% vs 08-2025 10-2025: 4.8%▲ +32.4% vs 09-2025 11-2025: 2.2%▼ -54.7% vs 10-2025 12-2025: 2.2%● 0.0% vs 11-2025 01-2026: 2.3%▲ +8.3% vs 12-2025 02-2026: 2.3%● 0.0% vs 01-2026 03-2026: 2.3%▼ -2.1% vs 02-2026 04-2026: 2.1%▼ -8.3% vs 03-2026 05-2026: 1.7%▼ -19.9% vs 04-2026lowest value 06-2026: 1.8%▲ +4.4% vs 05-2026 07-2026: 1.7%▼ -3.5% vs 06-2026 08-2026: 2.5%▲ +48.4% vs 07-2026 09-2026: 2.8%▲ +13.2% vs 08-2026 10-2026: 3.8%▲ +34.3% vs 09-2026
  • Size: total assets €342,963 lowers the probability for this profile
  • Liquidity: current ratio 0.18, cash €2, halved raises the probability
  • Figures for FY 2024 (filed 11-10-2025) raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 69 days late; 3 of the last 3 late raises the probability
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.19 in 2023; short-term debt: 65.5% and cash: 0% of total assets), and 84.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 26%, liquidity 11%, profitability 36%, growth against the median 31%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €342,963
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.18, cash €2, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Figures for FY 2024 (filed 11-10-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 69 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€2,908
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
69 d late
2023
155 d late
2022
521 d late
2021
180 d late
2020
72 d late
2019
440 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 240 days after 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Annual accounts filedfiscal year 2022 · micro…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 65 d late View
  • Caution: 2 loss-making years in a rowloss fiscal year 2024 -€2,908 View
  • Total assets 20246 fiscal years filed €342,963 View

By topic

Financials

Fiscal year
2024
Total assets
€342,963
Loss
-€2,908
Solvency
15.6%
Total assets▼ 3.1%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2016
  1. 08-10-2025Annual accounts filed
  2. 02-01-2025Annual accounts filed
  3. 02-01-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Founded
20-09-2010
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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