NOVAC CONSTRUCT
ActiveNOVAC CONSTRUCT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €32k and a net result of €7k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 95% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
93
/ 100
Excellent▲ +31 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency100=
Growth78▲+46
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 11.56 against 2.82 in 2023), and 8.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
43 d early
2022
92 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€32k▲ 30.9%
2023 · €24k
2022: €30k
2023: €24k
2022 → 2024
Total assets
€35k▼ 7.6%
2023 · €37k
2022: €30k
2023: €37k
2022 → 2024
Net result
€7k
2023 · €-6k
2022: €-778
2023: €-6k
2022 → 2024
Working capital
€32k▲ 30.9%
2023 · €24k
2022: €30k
2023: €24k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€30k-€24k▼ 20.1%€32k▲ 30.9%
Operating result€-733-€-6k▼ 707%€8k
Net result€-778-€-6k▼ 677%€7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €8k after a loss of €6k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €35k
Equity
€32k▲ 30.9%
Debt
€3k▼ 77.5%
The debt ratio falls from 35.5% to 8.7%: equity grows while debt is paid down.
Key figures and ratios
Solvency
91.3%▲
2023 · 64.5%
Current ratio
11.56▲
2023 · 2.82
Quick ratio
11.56▲
2023 · 2.82
Debt / equity
0.09▼
2023 · 0.55
ROE
23.6%▲
2023 · -25.1%
ROA
21.6%▲
2023 · -16.2%
Debt
€3k▼
2023 · €13k
Debt ≤ 1 year
€3k▼
2023 · €13k
Income taxes
€559
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€37k€35k▼
Current assets29/58€37k€35k▼
Amounts receivable within one year40/41€37k€32k▼
Trade receivables40€13k€13k▼
Other amounts receivable41€24k€19k▼
Cash at bank and in hand54/58€677€2k▲
Equity and liabilities
Total equity and liabilities10/49€37k€35k▼
Equity10/15€24k€32k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€22k€29k▲
Amounts payable17/49€13k€3k▼
Amounts payable within one year42/48€13k€3k▼
Trade debts44€13k€2k▼
Suppliers440/4€13k€2k▼
Taxes, remuneration and social security45-€559
Taxes450/3-€559
Income statement
Code20232024
Other operating charges640/8-€64
Gross operating margin9900€-6k€8k▲
Operating profit (loss)9901€-6k€8k▲
Financial charges65/66B€124€123▼
Recurring financial charges65€124€123▼
Profit (loss) for the period before taxes9903€-6k€8k▲
Income taxes67/77-€559
Profit (loss) for the period9904€-6k€7k▲
Profit (loss) for the period to be appropriated9905€-6k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€29k▲
Profit (loss) brought forward from the previous period14P€28k€22k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 11.56
Current ratio from 2.82 to 11.56; short-term debt falls from €13k to €3k.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Asse · 1 establishment unit since 2016
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.
Nieuwstraat 1181730 AsseGround area
1.1 ha
Building footprint
2,214 m²
Volume, LiDAR
14,900 m³
Parcel 23002F0049/00Z005, Flanders · tallest building 14.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NOVAC CONSTRUCT
since 20162.350.738.382
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002F0049/00Z005 | Flanders | 1.1 ha | 1 · 2,214 m² | 14.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
RENEX SOLUTIONS
BE 0771.356.470
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MBITEC
BE 0719.323.591
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ALL INTERIOR CONSTRUCTIONS
BE 0467.957.890
Pepingen · Eq €32k
VDA-BOUW
BE 0848.468.502
Balen · Eq €32k
AD ISOLATION SCS
BE 0536.360.807
Grez-Doiceau · Eq €32k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,868. 12,353 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-2016
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.