NovAcec Services
ActiveThe computed 12-month bankruptcy probability of NovAcec Services is 2.1% (moderate). The 2024 annual accounts show equity of €1.18M and a net result of €74k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 227 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
45
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability56▲+5
Solvency53▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.41 in 2023; short-term debt: 68.4% and cash: 5.1% of total assets), and 72.4% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
27.6%
Return on assets
1.7%
Age of the figures
21 mo
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 24-06-2025, 37 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
44 d early
2022
38 d early
2021
41 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€74k▲ 146%
2023 · €30k
2021: €521k
2022: €354k
2023: €30k
2021 → 2024
Working capital
€948k▼ 8.8%
2023 · €1.04M
2021: €1.03M
2022: €1.18M
2023: €1.04M
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€946k-€1.22M▲ 29.4%€1.18M▼ 3.7%€1.18M▼ 0.1%
Operating result€579k-€522k▼ 9.8%€123k▼ 76.4%€198k▲ 61.2%
Net result€521k-€354k▼ 32.1%€30k▼ 91.5%€74k▲ 146%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 61% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.27M
Fixed assets
€401k▼ 17.3%
Current assets
€3.87M▲ 7.7%
Equity and liabilities €4.27M
Equity
€1.18M▼ 0.1%
Provisions
€82k▲ 32.5%
Debt
€3.01M▲ 6.1%
The debt ratio rises from 69.6% to 70.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€349k▲
2023 · €298k
Cash flow
€224k▲
2023 · €205k
Solvency
27.6%▼
2023 · 28.9%
Current ratio
1.32▼
2023 · 1.41
Quick ratio
0.80▼
2023 · 0.97
Debt / equity
2.56▲
2023 · 2.41
ROE
6.3%▲
2023 · 2.5%
ROA
1.7%▲
2023 · 0.7%
Interest coverage
4.26▲
2023 · 3.76
Debt
€3.01M▲
2023 · €2.84M
Debt ≤ 1 year
€2.92M▲
2023 · €2.56M
Debt > 1 year
€80k▼
2023 · €274k
Income taxes
€60k▲
2023 · €38k
Staff costs
€3.84M▲
2023 · €3.72M
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€4.08M€4.27M▲
Fixed assets21/28€485k€401k▼
Intangible fixed assets21€76k€55k▼
Tangible fixed assets22/27€362k€300k▼
Plant, machinery and equipment23€217k€192k▼
Furniture and vehicles24€124k€90k▼
Other tangible fixed assets26€21k€18k▼
Financial fixed assets28€46k€46k▲
Current assets29/58€3.60M€3.87M▲
Stocks and contracts in progress3€1.11M€1.55M▲
Stocks30/36€849k€915k▲
Contracts in progress37€263k€632k▲
Amounts receivable within one year40/41€1.89M€1.99M▲
Trade receivables40€1.86M€1.97M▲
Other amounts receivable41€33k€23k▼
Cash at bank and in hand54/58€446k€220k▼
Deferred charges and accrued income490/1€145k€118k▼
Equity and liabilities
Total equity and liabilities10/49€4.08M€4.27M▲
Equity10/15€1.18M€1.18M▼
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Reserves13€50k€50k=
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Profit (loss) carried forward14€630k€628k▼
Provisions and deferred taxes16€62k€82k▲
Provisions for liabilities and charges160/5€62k€82k▲
Other liabilities and charges164/5€62k€82k▲
Amounts payable17/49€2.84M€3.01M▲
Amounts payable after more than one year17€274k€80k▼
Financial debts170/4€274k€80k▼
Amounts payable within one year42/48€2.56M€2.92M▲
Current portion of amounts payable after more than one year42€193k€194k▲
Financial debts43-€42k
Other loans439-€42k
Trade debts44€587k€828k▲
Suppliers440/4€587k€828k▲
Advances received on contracts in progress46€904k€950k▲
Taxes, remuneration and social security45€723k€761k▲
Taxes450/3€181k€190k▲
Remuneration and social security454/9€542k€571k▲
Other amounts payable47/48€150k€150k=
Accrued charges and deferred income492/3€10k€10k=
Income statement
Code20232024
Remuneration, social security and pensions62€3.72M€3.84M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€175k€151k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€7k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-58k€20k▲
Other operating charges640/8€940€2k▲
Gross operating margin9900€3.96M€4.22M▲
Operating profit (loss)9901€123k€198k▲
Financial income75/76B€24k€18k▼
Recurring financial income75€287€132▼
Non-recurring financial income76B€24k€17k▼
Financial charges65/66B€79k€82k▲
Recurring financial charges65€79k€82k▲
Profit (loss) for the period before taxes9903€68k€134k▲
Income taxes67/77€38k€60k▲
Profit (loss) for the period9904€30k€74k▲
Profit (loss) for the period to be appropriated9905€30k€74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€705k€703k▼
Profit (loss) brought forward from the previous period14P€675k€630k▼
Profit to be distributed694/7€75k€75k=
Return on contributions (dividend)694€75k€75k=
Social balance
Average headcount (FTE)908742.343.8▲
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €30k ▼91.5%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1MEq €1.22M ▲29.4%
2 profitable years in a row build equity to €1.22M.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Charleroi · 2 establishment units since 2020
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.
Rue Vital Françoisse 2206001 CharleroiGround area
3.3 ha
Building footprint
1.8 ha
Volume, LiDAR
145,816 m³
2 parcels, Flanders, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
NovAcec Services S.A.
since 20202.300.684.305
NovAcec Services S.A.
since 20202.306.454.815
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0072/00E002 | Flanders | 3.2 ha | 1 · 1.7 ha | 9.9 m · 3 fl. |
| 52045A0066/00H002 | Wallonia | 287 m² | 1 · 367 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 2,646 EUR awarded · 2,533 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,577 EUR | 2,464 EUR |
| 2024 | 1 | 69 EUR | 69 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 651 companies in sector 33140 we hold annual accounts for 204. 63 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-03-2020
Fiscal year end31-12
Activities, NACEBEL
33140Repair and maintenance of electrical equipment
27110Manufacture of electrical equipment
33110Repair and maintenance of fabricated metal products
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.