NOVABUILD
ActiveSummary
The computed 12-month bankruptcy probability of NOVABUILD is 1.8% (moderate). The 2024 annual accounts show negative equity (-€586,240) and a net result of -€1,914. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 2098 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability34▲+2
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.66 against 0.67 in 2023; short-term debt: 152.4% and cash: 1.6% 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
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 2024Solvency, return and age of the figures
Solvency
-431.1%
Return on assets
-1.4%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€586,240
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
26 d early
2022
31 d early
2021
186 d late
2020
551 d late
2019
518 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 203 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€586,240▼ 0.3%
2023 · -€584,327
Total assets
€135,983▼ 1.4%
2023 · €137,941
Net result
-€1,914▲ 37.2%
2023 · -€3,049
Working capital
-€71,240▼ 2.8%
2023 · -€69,327
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€258,611▼ 124%-€3,132▲ 98.8%-€8,826▼ 182%€5,563-€1,871
Net result-€286,010below the sector's middle half▼ 113%-€3,177below the sector's middle half▲ 98.9%-€8,866below the sector's middle half▼ 179%-€3,049below the sector's middle half▲ 65.6%-€1,914below the sector's middle half▲ 37.2%
Equity-€569,235below the sector's middle half▼ 101%-€572,412below the sector's middle half▼ 0.6%-€581,278below the sector's middle half▼ 1.5%-€584,327below the sector's middle half▼ 0.5%-€586,240below the sector's middle half▼ 0.3%
Total assets€152,663below the sector's middle half▼ 91.7%€149,877below the sector's middle half▼ 1.8%€140,503below the sector's middle half▼ 6.3%€137,941below the sector's middle half▼ 1.8%€135,983below the sector's middle half▼ 1.4%
Debt€721,898▼ 65.9%€722,289▲ 0.1%€721,780▼ 0.1%€722,268▲ 0.1%€722,224=
Working capital-€35,578below the sector's middle half-€66,111below the sector's middle half▼ 85.8%-€66,278below the sector's middle half▼ 0.3%-€69,327below the sector's middle half▼ 4.6%-€71,240below the sector's middle half▼ 2.8%
Solvency-372.9%below the sector's middle half▼ 357.4pp-381.9%below the sector's middle half▼ 9.1pp-413.7%below the sector's middle half▼ 31.8pp-423.6%below the sector's middle half▼ 9.9pp-431.1%below the sector's middle half▼ 7.5pp
Current ratio0.80below the sector's middle half▼ 0.630.68below the sector's middle half▼ 0.120.68below the sector's middle half=0.67below the sector's middle half▼ 0.010.66below the sector's middle half▼ 0.01
Return on assets (ROA)-187.3%below the sector's middle half▼ 180.0pp-2.1%below the sector's middle half▲ 185.2pp-6.3%below the sector's middle half▼ 4.2pp-2.2%below the sector's middle half▲ 4.1pp-1.4%below the sector's middle half▲ 0.8pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1,871 after €5,563 in 2023.
Key figures and ratios
Debt to equity
-1.23▲
2023 · -1.24
Debt ≤ 1 year
€207,224=
2023 · €207,268
Debt > 1 year
€515,000=
2023 · €515,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.8%
went bankrupt
5.8%
stopped otherwise
91%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,332 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €636 | €273 | €417 | €1,248 | €183 | ▼ 85.3% |
| Non-recurring operating charges66A | - | - | €8,699 | - | - | - |
| Gross operating margin9900 | -€257,975 | -€2,859 | €290 | €6,811 | -€1,688 | ▼ 125% |
| Operating profit (loss)9901 | -€258,611 | -€3,132 | -€8,826 | €5,563 | -€1,871 | ▼ 134% |
| Financial charges65/66B | €27,399 | €45 | €39 | €45 | €42 | ▼ 5.9% |
| Recurring financial charges65 | €27,399 | €45 | €39 | €45 | €42 | ▼ 5.9% |
| Profit (loss) for the period before taxes9903 | -€286,010 | -€3,177 | -€8,866 | €5,518 | -€1,914 | ▼ 135% |
| Income taxes67/77 | - | - | - | €8,566 | - | - |
| Profit (loss) for the period9904 | -€286,010 | -€3,177 | -€8,866 | -€3,049 | -€1,914 | ▲ 37.2% |
| Profit (loss) for the period to be appropriated9905 | -€286,010 | -€3,177 | -€8,866 | -€3,049 | -€1,914 | ▲ 37.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152,663 | €149,877 | €140,503 | €137,941 | €135,983 | ▼ 1.4% |
| Fixed assets21/28 | €8,699 | €8,699 | - | - | - | - |
| Tangible fixed assets22/27 | €8,699 | €8,699 | - | - | - | - |
| Furniture and vehicles24 | €8,699 | €8,699 | - | - | - | - |
| Current assets29/58 | €143,964 | €141,178 | €140,503 | €137,941 | €135,983 | ▼ 1.4% |
| Amounts receivable within one year40/41 | €121,681 | €121,681 | €121,681 | €133,868 | €133,781 | ▼ 0.1% |
| Trade receivables40 | €121,681 | €121,681 | €121,681 | €133,781 | €133,781 | = |
| Other amounts receivable41 | - | - | - | €87 | - | - |
| Cash at bank and in hand54/58 | €22,282 | €19,497 | €18,821 | €4,073 | €2,202 | ▼ 45.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152,663 | €149,877 | €140,503 | €137,941 | €135,983 | ▼ 1.4% |
| Equity10/15 | -€569,235 | -€572,412 | -€581,278 | -€584,327 | -€586,240 | ▼ 0.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€587,835 | -€591,012 | -€599,878 | -€602,927 | -€604,840 | ▼ 0.3% |
| Amounts payable17/49 | €721,898 | €722,289 | €721,780 | €722,268 | €722,224 | = |
| Amounts payable after more than one year17 | €515,000 | €515,000 | €515,000 | €515,000 | €515,000 | = |
| Financial debts170/4 | €515,000 | €515,000 | €515,000 | €515,000 | €515,000 | = |
| Amounts payable within one year42/48 | €179,541 | €207,289 | €206,780 | €207,268 | €207,224 | = |
| Trade debts44 | €103,416 | €104,101 | €103,765 | €103,316 | €103,692 | ▲ 0.4% |
| Suppliers440/4 | €103,416 | €104,101 | €103,765 | €103,316 | €103,692 | ▲ 0.4% |
| Advances received on contracts in progress46 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Taxes, remuneration and social security45 | €16,603 | €16,309 | €16,223 | €17,159 | €16,739 | ▼ 2.4% |
| Taxes450/3 | €16,603 | €16,309 | €16,223 | €17,159 | €16,739 | ▼ 2.4% |
| Other amounts payable47/48 | €44,523 | €71,879 | €71,792 | €71,792 | €71,792 | = |
| Accrued charges and deferred income492/3 | €27,356 | - | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€286,010 | -€3,177 | -€8,866 | -€3,049 | -€1,914 | ▲ 37.2% |
| Operating cash flow (approximation) | -€286,010 | -€3,177 | -€8,866 | -€3,049 | -€1,914 | ▲ 37.2% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | -€2,786 | -€675 | -€14,749 | -€1,870 | ▲ 87.3% |
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
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
02-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 186 days late
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 551 days late
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 518 days late
2020
31-12
Financial
Weakest financial yearnet -€286,010
Net result drops to -€286,010, the lowest in the series; recovery starts the following year.
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 246 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 53 days late
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, Puurs-Sint-Amands · 1 establishment unit since 2015
Ground area
1,852 m²
Building footprint
181 m²
Volume, LiDAR
910 m³
Parcel 12028B0156/00C002, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lippeloseweg(OPP) 8, 2890 Puurs-Sint-Amands
since 20152.243.482.613
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12028B0156/00C002 | Flanders | 1,852 m² | 1 · 181 m² | 7.2 m · 2 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0578867789
Also
9925:BE0578867789
Registered
12-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.