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NOVA

Active
Non-profit associationfounded 1967active for 59 yearsBeheerstraat(Kor) 68, 8500 Kortrijk, BelgiumKBO/BCE: BE 0410.021.473
Summary

For NOVA, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €1.6m and a net result of €115,599. Equity is growing by about 7.8% per year across the filed financial years. Its solvency ranks better than 75% of 585 sector peers (NACE 88, financial year 2022). The association has been active since 1967 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2022, abbreviated format

2023 annual accounts not yet filed, deadline passed on 31 July 2024 Financial year closed on 31 December 2023; filing due at the latest 7 months after the close (Companies Code art. 3:10). 3 financial years without a filing since the last one filed. Source: NBB filings, as of 29 October 2026.

Turnover
≈ €2.5m
Estimated: probably between €2.3m and €2.8m
Total assets
€2.1m▲ 15.7%
2021 · €1.8m
Net result
€115,599▼ 23.3%
2021 · €150,801
Working capital
€1.4m▲ 13.1%
2021 · €1.2m
Trend over the years

2018 to 2022, 5 financial years 2018 to 2022, 5 financial years

The operating result falls in 2022; 2022 is 21% below 2021.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.1m 2022 Net result€0.1m 2022

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 88, Social work activities without accommodation: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022
Operating result€0.2m-€0.1m▼ 6.7%-€0.009m€0.1m€0.1m▼ 21.2%
Net result€0.2m-€0.2m▼ 1.6%€0.003mwithin the sector's middle half▼ 98.1%€0.2mwithin the sector's middle half▲ 53×€0.1mabove the sector's middle half▼ 23.3%
Equity€1.2m-€1.3m▲ 13.1%€1.3mwithin the sector's middle half▲ 0.1%€1.5mwithin the sector's middle half▲ 11.2%€1.6mwithin the sector's middle half▲ 7.7%
Total assets€1.5m-€1.7m▲ 11.2%€1.7mwithin the sector's middle half▲ 3.4%€1.8mwithin the sector's middle half▲ 6.5%€2.1mwithin the sector's middle half▲ 15.7%
Debt€0.3m-€0.3m▲ 4.2%€0.4m▲ 16.9%€0.3m▼ 9.8%€0.5m▲ 50.1%
Working capital€0.9m-€1.0m▲ 16.1%€1.0mwithin the sector's middle half▲ 2.2%€1.2mwithin the sector's middle half▲ 17.9%€1.4mwithin the sector's middle half▲ 13.1%
Solvency79.0%-80.4%▲ 1.3pp77.8%within the sector's middle half▼ 2.6pp81.2%above the sector's middle half▲ 3.4pp75.6%within the sector's middle half▼ 5.6pp
Current ratio3.73-4.09▲ 0.363.66within the sector's middle half▼ 0.434.74above the sector's middle half▲ 1.083.82above the sector's middle half▼ 0.92
Return on assets (ROA)10.4%-9.2%▼ 1.2pp0.2%within the sector's middle half▼ 9.1pp8.3%above the sector's middle half▲ 8.1pp5.5%above the sector's middle half▼ 2.8pp
Staff (FTE)28-29.1▲ 3.9%32.9within the sector's middle half▲ 13.1%31.2within the sector's middle half▼ 5.2%31within the sector's middle half▼ 0.6%
above within below the middle half of NACE 88, Social work activities without accommodation: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2.1m
Fixed assets €282,231 ▼ 9.7%
Current assets €1.8m ▲ 20.9%
Equity and liabilities €2.1m
Equity €1.6m ▲ 7.7%
Debt €515,582 ▲ 50.1%
Debt's share of the balance-sheet total rises from 18.8% to 24.4%. Equity and debt are higher.
Key figures and ratios
2022 value · change against 2021
EBITDA
€146,874▼
2021 · €179,219
Cash flow
€145,866▼
2021 · €182,036
Debt to equity
0.32▲
2021 · 0.23
ROE
7.2%▼
2021 · 10.2%
Interest coverage
97.39▼
2021 · 98.82
Debt ≤ 1 year
€479,465▲
2021 · €319,315
Income taxes
€815
Staff costs
€2.1m▲
2021 · €1.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 48 lines
Balance sheet Code20212022
Assets
Total assets20/58€1.8m€2.1m▲
Fixed assets21/28€0.3m€0.3m▼
Tangible fixed assets22/27€0.3m€0.3m▼
Land and buildings22€0.3m€0.3m▼
Plant, machinery and equipment23€0.02m€0.004m▼
Furniture and vehicles24€0.02m€0.01m▼
Current assets29/58€1.5m€1.8m▲
Amounts receivable within one year40/41€0.3m€0.5m▲
Trade receivables40€0.002m€0.004m▲
Other amounts receivable41€0.3m€0.5m▲
Current investments50/53€0.9m€0.9m=
Cash at bank and in hand54/58€0.4m€0.5m▲
Equity and liabilities
Total equity and liabilities10/49€1.8m€2.1m▲
Equity10/15€1.5m€1.6m▲
Contributions10/11-€0.3m
Capital10-€0.3m
Reserves13€0.5m€0.5m▲
Profit (loss) carried forward14€0.7m€0.8m▲
Investment grants15€0.01m€0.009m▼
Amounts payable17/49€0.3m€0.5m▲
Amounts payable within one year42/48€0.3m€0.5m▲
Financial debts43-€0.05m
Other loans439-€0.05m
Trade debts44€0.01m€0.01m▼
Suppliers440/4€0.01m€0.01m▼
Taxes, remuneration and social security45€0.3m€0.3m▲
Taxes450/3€0.06m€0.07m▲
Remuneration and social security454/9€0.2m€0.3m▲
Accrued charges and deferred income492/3€0.02m€0.04m▲
Income statement Code20212022
Remuneration, social security and pensions62€1.9m€2.1m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.03m▼
Other operating charges640/8€0.01m€0.01m▲
Non-recurring operating charges66A-€0.002m
Gross operating margin9900€2.1m€2.3m▲
Operating profit (loss)9901€0.1m€0.1m▼
Financial income75/76B€0.005m€0.001m▼
Recurring financial income75€0.005m€0.001m▼
Financial charges65/66B€0.003m€0.002m▼
Recurring financial charges65€0.002m€0.002m▼
Non-recurring financial charges66B€0.001m-
Profit (loss) for the period before taxes9903€0.2m€0.1m▼
Income taxes67/77-€0.001m
Profit (loss) for the period9904€0.2m€0.1m▼
Profit (loss) for the period to be appropriated9905€0.2m€0.1m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.8m€0.8m▲
Profit (loss) brought forward from the previous period14P€0.6m€0.7m▲
Addition to contributions691€0.04m€0.04m▼
Social balance sheet
Average headcount (FTE)908731.231.0▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022Change
Remuneration, social security and pensions62---€1.9m€2.1m▲ 10.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.03m€0.03m€0.03m€0.03m▼ 3.1%
Other operating charges640/8---€0.01m€0.01m▲ 0.8%
Non-recurring operating charges66A----€0.002m-
Gross operating margin9900€1.8m€1.9m€2.0m€2.1m€2.3m▲ 7.9%
Operating profit (loss)9901€0.2m€0.1m-€0.009m€0.1m€0.1m▼ 21.2%
Financial income75/76B---€0.005m€0.001m▼ 75.5%
Recurring financial income75€0.003m€0.004m€0.01m€0.005m€0.001m▼ 75.5%
Financial charges65/66B---€0.003m€0.002m▼ 41.0%
Recurring financial charges65€256€0.001m€73€0.002m€0.002m▼ 16.8%
Non-recurring financial charges66B---€0.001m--
Profit (loss) for the period before taxes9903€0.2m€0.1m€0.003m€0.2m€0.1m▼ 22.8%
Income taxes67/77----€0.001m-
Profit (loss) for the period9904€0.2m€0.2m€0.003m€0.2m€0.1m▼ 23.3%
Profit (loss) for the period to be appropriated9905€0.2m€0.2m€0.003m€0.2m€0.1m▼ 23.3%
Line20182019202020212022Change
Assets
Total assets20/58€1.5m€1.7m€1.7m€1.8m€2.1m▲ 15.7%
Fixed assets21/28€0.3m€0.3m€0.3m€0.3m€0.3m▼ 9.7%
Tangible fixed assets22/27€0.3m€0.3m€0.3m€0.3m€0.3m▼ 9.7%
Land and buildings22---€0.3m€0.3m▼ 6.0%
Plant, machinery and equipment23---€0.02m€0.004m▼ 70.5%
Furniture and vehicles24---€0.02m€0.01m▼ 16.6%
Current assets29/58€1.2m€1.3m€1.4m€1.5m€1.8m▲ 20.9%
Amounts receivable within one year40/41€0.2m€0.2m€0.2m€0.3m€0.5m▲ 85.0%
Trade receivables40---€0.002m€0.004m▲ 98.2%
Other amounts receivable41---€0.3m€0.5m▲ 84.9%
Current investments50/53€0.5m€0.6m€1.0m€0.9m€0.9m=
Cash at bank and in hand54/58€0.5m€0.4m€0.2m€0.4m€0.5m▲ 25.6%
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.7m€1.7m€1.8m€2.1m▲ 15.7%
Equity10/15€1.2m€1.3m€1.3m€1.5m€1.6m▲ 7.7%
Contributions10/11----€0.3m-
Capital10----€0.3m-
Reserves13---€0.5m€0.5m▲ 9.1%
Profit (loss) carried forward14€0.5m€0.6m€0.6m€0.7m€0.8m▲ 9.9%
Investment grants15---€0.01m€0.009m▼ 14.9%
Amounts payable17/49€0.3m€0.3m€0.4m€0.3m€0.5m▲ 50.1%
Amounts payable within one year42/48€0.3m€0.3m€0.4m€0.3m€0.5m▲ 50.2%
Financial debts43----€0.05m-
Other loans439----€0.05m-
Trade debts44€0.008m€0.004m€0.009m€0.01m€0.01m▼ 4.1%
Suppliers440/4---€0.01m€0.01m▼ 4.1%
Taxes, remuneration and social security45---€0.3m€0.3m▲ 28.7%
Taxes450/3---€0.06m€0.07m▲ 14.3%
Remuneration and social security454/9---€0.2m€0.3m▲ 32.8%
Accrued charges and deferred income492/3---€0.02m€0.04m▲ 48.9%
Line20182019202020212022Change
Profit (loss) for the period9904€155,862€153,432€2,871€150,801€115,599▼ 23.3%
+ Depreciation and write-downs630€27,617€33,878€32,184€31,235€30,267▼ 3.1%
Operating cash flow (approximation)€183,480€187,310€35,055€182,036€145,866▼ 19.9%
Investment in fixed assets (approximation)--€55,184-€7,328-€23,437€0-
Change in cash--€12,451-€270,267€193,846€93,310▼ 51.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 17 filings with the National Bank
Financial year Type Filed Reference
31-12-2022 abbreviated format 24-04-2023 2023-00063703
31-12-2021 abbreviated format 27-04-2022 2022-20009815
31-12-2020 abbreviated format 25-03-2021 2021-08400446
31-12-2019 abbreviated format 18-05-2020 2020-12700251
31-12-2018 abbreviated format 29-04-2019 2019-11700106
31-12-2017 abbreviated format 27-04-2018 2018-11400277
31-12-2016 abbreviated format 07-04-2017 2017-09200191
31-12-2015 abbreviated format 10-05-2016 2016-12100145
31-12-2014 abbreviated format 05-05-2015 2015-11400210
31-12-2013 abbreviated format 28-04-2014 2014-10300351

Show all 17 filings

Subsidies and aid

Flemish government

2022 to 2025 · 12 entries · €11.5m awarded · €11.2m paid
Year Entries AwardedPaid
2025 2 €3.2m€3.2m
2024 2 €3.0m€3.0m
2023 4 €2.8m€2.7m
2022 4 €2.5m€2.3m
Schemes
4 entries · €9.9m · €9.6m paid · Opgroeien regie
1 entry · €871,016 · €871,016 paid · Fonds Jongerenwelzijn
2 entries · €711,203 · €711,203 paid · Fonds Jongerenwelzijn
2 entries · €10,000 · €10,000 paid · Departement Werk en Sociale Economie
1 entry · €6,758 · €6,758 paid · Vlaams Infrastructuurfonds voor Persoonsgebonden Aangelegenheden
Show 2 more
1 entry · €6,758 · €6,758 paid · Vlaams Infrastructuurfonds voor Persoonsgebonden Aangelegenheden
1 entry · €85 · €85 paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.