NOVA MANAGEMENT
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 24 filings
Equity
-€17,526▲ 78.8%
2024 · -€82,849
Net result
€65,323▼ 72.1%
2024 · €234,248
Total assets
€293,595▲ 4.5%
2024 · €280,900
Solvency
-6.0%▲ 23.5pp
2024 · -29.5%
Multi-year overview
2018 to 2025, 7 financial yearsOperating result
€180,667
▼ 22.6%
2025
20182025
Net result
€65,323
▼ 72.1%
2025
middle half of the sector
20182025
Equity
-€17,526
▲ 78.8%
2025
lowest quarter of the sector
20182025
Total assets
€293,595
▲ 4.5%
2025
lowest quarter of the sector
20182025
Debt
€311,121
▼ 14.5%
2025
20182025
Working capital
-€17,576
2025
middle half of the sector
20182025
Solvency
-6.0%
▲ 23.5pp
2025
lowest quarter of the sector
20182025
Current ratio
0.94
▼ 85.72
2025
middle half of the sector
20182025
Return on assets (ROA)
22.2%
▼ 61.1pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018202020212022202320242025
Operating result€0.2m-€0.2m-€0.1m▼ 1.6%€0.1m▼ 22.2%€0.1m▲ 1.4%€0.2m▲ 99.7%€0.2m▼ 22.6%
Net result€0.2m-€0.2mabove the sector's middle half-€0.08mabove the sector's middle half▼ 49.7%€0.08mabove the sector's middle half▲ 9.1%€0.1mabove the sector's middle half▲ 41.1%€0.2mabove the sector's middle half▲ 101%€0.07mwithin the sector's middle half▼ 72.1%
Equity-€0.9m--€0.6mbelow the sector's middle half--€0.5mbelow the sector's middle half▲ 12.8%-€0.4mbelow the sector's middle half▲ 16.0%-€0.3mbelow the sector's middle half▲ 26.9%-€0.08mbelow the sector's middle half▲ 73.9%-€0.02mbelow the sector's middle half▲ 78.8%
Total assets€0.1m-€0.09mbelow the sector's middle half-€0.1mbelow the sector's middle half▲ 25.1%€0.08mbelow the sector's middle half▼ 28.4%€0.1mwithin the sector's middle half▲ 75.5%€0.3mwithin the sector's middle half▲ 92.0%€0.3mbelow the sector's middle half▲ 4.5%
Debt€1.0m-€0.7m-€0.6m▼ 7.6%€0.5m▼ 18.3%€0.5m▼ 10.4%€0.4m▼ 21.5%€0.3m▼ 14.5%
Working capital-€0.1m-€0.02mwithin the sector's middle half--€0.08mbelow the sector's middle half-€0.05mbelow the sector's middle half▲ 31.6%€0.1mwithin the sector's middle half€0.3mabove the sector's middle half▲ 149%-€0.02mwithin the sector's middle half
Solvency-859.1%--636.0%below the sector's middle half--443.3%below the sector's middle half▲ 192.7pp-520.2%below the sector's middle half▼ 76.9pp-216.7%below the sector's middle half▲ 303.5pp-29.5%below the sector's middle half▲ 187.2pp-6.0%below the sector's middle half▲ 23.5pp
Current ratio0.29-2.54within the sector's middle half-0.41below the sector's middle half▼ 2.120.29below the sector's middle half▼ 0.124.19above the sector's middle half▲ 3.9086.66above the sector's middle half▲ 82.470.94within the sector's middle half▼ 85.72
Return on assets (ROA)156.2%-161.7%above the sector's middle half-65.0%above the sector's middle half▼ 96.7pp99.1%above the sector's middle half▲ 34.1pp79.7%above the sector's middle half▼ 19.4pp83.4%above the sector's middle half▲ 3.7pp22.2%above the sector's middle half▼ 61.1pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 23% lower than in 2024.
Large changes and their cause
- 2025 Net result -72% on 2024. The accounts now follow the abbreviated format, last year the micro format.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €293,595
Fixed assets
€50 =
Current assets
€293,545 ▲ 4.5%
Equity and liabilities
Equity-€17,526
Debt€311,121
Equity is negative. Debt (€311,121) exceeds the balance-sheet total (€293,595).
Key figures and ratios
Debt ≤ 1 year
€311,121▲
2024 · €3,241
Income taxes
€110,949▲
2024 · -€926
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €115,000 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €526 | €526 | €526 | €526 | - | - | - | - |
| Other operating charges640/8 | - | - | €609 | €1,370 | €2,695 | €9,726 | €789 | ▼ 91.9% |
| Gross operating margin9900 | €171,128 | €153,533 | €149,333 | €117,187 | €119,569 | €243,111 | €181,456 | ▼ 25.4% |
| Operating profit (loss)9901 | €169,892 | €150,563 | €148,197 | €115,291 | €116,875 | €233,385 | €180,667 | ▼ 22.6% |
| Financial charges65/66B | - | - | €36 | €54 | €75 | €63 | €4,395 | ▲ 70× |
| Recurring financial charges65 | €2 | €0 | €36 | €54 | €75 | €63 | €4,395 | ▲ 70× |
| Profit (loss) for the period before taxes9903 | €169,889 | €150,563 | €148,162 | €115,237 | €116,799 | €233,322 | €176,272 | ▼ 24.5% |
| Income taxes67/77 | - | - | €72,458 | €32,608 | €207 | -€926 | €110,949 | - |
| Profit (loss) for the period9904 | €169,889 | €150,563 | €75,703 | €82,629 | €116,592 | €234,248 | €65,323 | ▼ 72.1% |
| Profit (loss) for the period to be appropriated9905 | €169,889 | €150,563 | €75,703 | €82,629 | €116,592 | €234,248 | €65,323 | ▼ 72.1% |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.1m | €0.09m | €0.1m | €0.08m | €0.1m | €0.3m | €0.3m | ▲ 4.5% |
| Formation expenses20 | €0.004m | €0.003m | €0.003m | €0.002m | - | - | - | - |
| Fixed assets21/28 | €0.06m | €0.06m | €0.06m | €0.06m | €50 | €50 | €50 | = |
| Financial fixed assets28 | €0.06m | €0.06m | €0.06m | €0.06m | €50 | €50 | €50 | = |
| Current assets29/58 | €0.04m | €0.03m | €0.05m | €0.02m | €0.1m | €0.3m | €0.3m | ▲ 4.5% |
| Amounts receivable within one year40/41 | €0.02m | €0.003m | €0.04m | €0.01m | €0.01m | €0.3m | €0.3m | ▲ 14.0% |
| Trade receivables40 | - | - | €0.04m | €0.009m | €0.009m | €0.3m | €0.3m | ▲ 14.0% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.001m | - | - | - |
| Cash at bank and in hand54/58 | €0.02m | €0.03m | €0.01m | €0.01m | €0.1m | €0.03m | €0.009m | ▼ 72.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.1m | €0.09m | €0.1m | €0.08m | €0.1m | €0.3m | €0.3m | ▲ 4.5% |
| Equity10/15 | -€0.9m | -€0.6m | -€0.5m | -€0.4m | -€0.3m | -€0.08m | -€0.02m | ▲ 78.8% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | -€1.0m | -€0.7m | -€0.6m | -€0.5m | -€0.4m | -€0.1m | -€0.08m | ▲ 45.1% |
| Amounts payable17/49 | €1.0m | €0.7m | €0.6m | €0.5m | €0.5m | €0.4m | €0.3m | ▼ 14.5% |
| Amounts payable after more than one year17 | €0.9m | €0.7m | €0.5m | €0.4m | €0.4m | €0.4m | - | - |
| Financial debts170/4 | - | - | €0.5m | €0.4m | €0.4m | €0.4m | - | - |
| Amounts payable within one year42/48 | €0.2m | €0.01m | €0.1m | €0.07m | €0.03m | €0.003m | €0.3m | ▲ 96× |
| Trade debts44 | €0.01m | €0.01m | - | - | - | €0.001m | - | - |
| Suppliers440/4 | - | - | - | - | - | €0.001m | - | - |
| Taxes, remuneration and social security45 | - | - | €0.07m | €0.07m | €0.03m | - | €0.2m | - |
| Taxes450/3 | - | - | €0.07m | €0.07m | €0.03m | - | €0.2m | - |
| Other amounts payable47/48 | - | - | €0.06m | €0.001m | €0.002m | €0.002m | €0.1m | ▲ 59× |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €169,889 | €150,563 | €75,703 | €82,629 | €116,592 | €234,248 | €65,323 | ▼ 72.1% |
| + Depreciation and write-downs630 | €526 | €526 | €526 | €526 | - | - | - | - |
| Operating cash flow (approximation) | €170,415 | €151,089 | €76,229 | €83,155 | €116,592 | €234,248 | €65,323 | ▼ 72.1% |
| Investment in fixed assets (approximation) | - | - | -€526 | -€526 | €60,000 | €0 | €0 | - |
| Change in cash | - | - | -€14,177 | -€1,576 | €124,714 | -€104,965 | -€22,305 | ▲ 78.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-07-2026 | 2026-00369121 | |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00311485 | |
| 31-12-2023 | micro format | 13-09-2024 | 2024-00461208 | |
| 31-12-2022 | micro format | 05-09-2023 | 2023-00444858 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20399509 | |
| 31-12-2020 | micro format | 05-07-2021 | 2021-30600436 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-56500507 | |
| 31-12-2017 | abbreviated format | 19-11-2018 | 2018-72500124 | |
| 31-12-2016 | abbreviated format | 09-01-2018 | 2018-00900146 | |
| 31-12-2015 | abbreviated format | 25-07-2016 | 2016-35300060 |