NOVABLE
ActiveNOVABLE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €265k and a net result of €-166k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 16942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
49
/ 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
Profitability11▼-26
Solvency59▼-13
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.26 in 2024; short-term debt: 27.2% and cash: 7.4% of total assets), and 66.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-166k
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 09-06-2026, 52 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
52 d early
2024
56 d early
2023
45 d early
2022
3 d late
2021
31 d late
2020
67 d early
2019
14 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-166k▼ 85.6%
2024 · €-90k
2019: €-12k
2020: €9k
2021: €-194k
2022: €-280k
2023: €-204k
2024: €-90k
2019 → 2025
Working capital
€60k▼ 26.6%
2024 · €82k
2019: €102k
2020: €232k
2021: €77k
2022: €39k
2023: €314k
2024: €82k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€224k-€141k▼ 37.2%€520k▲ 270%€431k▼ 17.2%€265k▼ 38.6%
Operating result€-187k-€-258k▼ 37.9%€-176k▲ 31.7%€-68k▲ 61.2%€-148k▼ 117%
Net result€-194k-€-280k▼ 44.4%€-204k▲ 27.3%€-90k▲ 56.1%€-166k▼ 85.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €148k in 2025 against €68k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €786k
Fixed assets
€512k▼ 1.0%
Current assets
€274k▼ 31.6%
Equity and liabilities €786k
Equity
€265k▼ 38.6%
Debt
€521k▲ 7.1%
The debt ratio rises from 53.0% to 66.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€23k▼
2024 · €77k
Cash flow
€5k▼
2024 · €56k
Solvency
33.7%▼
2024 · 47.0%
Current ratio
1.28▲
2024 · 1.26
Quick ratio
1.28▲
2024 · 1.26
Debt / equity
1.97▲
2024 · 1.13
ROE
-62.8%▼
2024 · -20.8%
ROA
-21.1%▼
2024 · -9.8%
Interest coverage
1.31▼
2024 · 3.62
Debt
€521k▲
2024 · €486k
Debt ≤ 1 year
€214k▼
2024 · €318k
Debt > 1 year
€307k▲
2024 · €166k
Income taxes
€176▼
2024 · €216
Staff costs
€394k▲
2024 · €335k
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€917k€786k▼
Fixed assets21/28€517k€512k▼
Intangible fixed assets21€514k€510k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€400k€274k▼
Amounts receivable within one year40/41€230k€208k▼
Trade receivables40€219k€199k▼
Other amounts receivable41€11k€9k▼
Cash at bank and in hand54/58€164k€58k▼
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€917k€786k▼
Equity10/15€431k€265k▼
Contributions10/11€520k€520k=
Profit (loss) carried forward14€-90k€-256k▼
Amounts payable17/49€486k€521k▲
Amounts payable after more than one year17€166k€307k▲
Financial debts170/4€166k€307k▲
Amounts payable within one year42/48€318k€214k▼
Current portion of amounts payable after more than one year42€174k€101k▼
Financial debts43€11k€912▼
Credit institutions430/8€11k€912▼
Trade debts44€70k€64k▼
Suppliers440/4€70k€64k▼
Taxes, remuneration and social security45€63k€47k▼
Taxes450/3€550€176▼
Remuneration and social security454/9€63k€47k▼
Other amounts payable47/48€133€6▼
Accrued charges and deferred income492/3€2k€532▼
Income statement
Code20242025
Remuneration, social security and pensions62€335k€394k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€145k€172k▲
Other operating charges640/8€1k€998▼
Gross operating margin9900€413k€419k▲
Operating profit (loss)9901€-68k€-148k▼
Financial income75/76B€325€100▼
Recurring financial income75€325€100▼
Financial charges65/66B€21k€18k▼
Recurring financial charges65€21k€18k▼
Profit (loss) for the period before taxes9903€-89k€-166k▼
Income taxes67/77€216€176▼
Profit (loss) for the period9904€-90k€-166k▼
Profit (loss) for the period to be appropriated9905€-90k€-166k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-90k€-256k▼
Profit (loss) brought forward from the previous period14P€-37€-90k▼
Transfer from equity791/2€0-
The notes to these accounts (21 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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.88
Current ratio from 1.29 to 2.88.
31-12
Financial
Equity above €500kEq €520k ▲270%
Equity rises from €141k to €520k.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
31-12
Financial
Weakest financial yearnet €-280k
Net result drops to €-280k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
31-12
Financial
Equity above €200kEq €283k ▲173%
Equity rises from €104k to €283k.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Watermaal-Bosvoorde · 3 establishment units since 2018
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.
Terhulpsesteenweg 1501170 Watermaal-BosvoordeGround area
9,613 m²
Building footprint
3,465 m²
Volume, LiDAR
67,590 m³
3 parcels, Brussels, Wallonia · tallest building 36.1 m, ±7 floors. Linked by address, not a title deed.
3 establishment units
NOVABLE
since 20182.324.068.134
Terhulpsesteenweg 150, 1170 Watermaal-Bosvoorde
since 20212.324.196.511
Novable
since 20242.357.023.487
3 parcels
Wallonia
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0035/00R005 | Brussels | 4,415 m² | 1 · 2,124 m² | 36.1 m · 7 fl. |
| 61032B0077/00E000 | Wallonia | 4,017 m² | 1 · 157 m² | 14.9 m · 4 fl. |
| 21807G0181/00P000 | Brussels | 1,180 m² | 1 · 1,184 m² | 32.6 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,869 companies in sector 62100 we hold annual accounts for 8,779. 6,312 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-09-2018
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
70220Business consulting
63100Computing infrastructure, data processing, hosting and related activities
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.