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NOVACITIS

Active
Cooperative companyfounded 20178 yrs activeRue de l'Académie 53, 4000 Liège, BelgiumKBO/BCE: BE 0684.774.270
Summary

The annual accounts of NOVACITIS for fiscal year 2025 show a net loss of 79% of the equity at the start of that year. The 2025 annual accounts show equity of €83,676 and a net result of -€312,809. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 10% of 38840 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
Size
€4.1mtotal assets 2025
Staff
1.8 FTE
Equity
€83,676
Loss
-€312,809
Turnover not published (abridged schema)
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
0.3%
Structure
Board
1 member
Accounts 2 d early1 of 7 deeds read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Liquidity: current ratio 0.29, cash €62,279, halved- Loss of €312,809, the second in a row (FY 2025)+ Size: total assets €4.1m+ Sector Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 18% of its sector peers (NACE 70, small)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 27-7
equity 2.0% of total assets
Liquidity 52-3
short-term debt 7.6% · cash 1.5%
Profitability 9-11
return on assets -7.7%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (4,516 companies)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● 0.0% vs 11-2024 01-2025: 0.4%▼ -0.8% vs 12-2024 02-2025: 0.4%▲ +3.8% vs 01-2025 03-2025: 0.5%▲ +17.6% vs 02-2025 04-2025: 0.5%▲ +9.1% vs 03-2025 05-2025: 0.6%▲ +9.1% vs 04-2025 06-2025: 0.7%▲ +21.8% vs 05-2025 07-2025: 0.7%▲ +2.7% vs 06-2025highest value 08-2025: 0.4%▼ -42.8% vs 07-2025 09-2025: 0.4%● 0.0% vs 08-2025 10-2025: 0.4%● 0.0% vs 09-2025 11-2025: 0.4%● 0.0% vs 10-2025 12-2025: 0.2%▼ -58.0% vs 11-2025lowest value 01-2026: 0.2%▲ +1.2% vs 12-2025 02-2026: 0.2%▲ +4.0% vs 01-2026 03-2026: 0.2%▲ +1.7% vs 02-2026 04-2026: 0.2%▲ +9.8% vs 03-2026 05-2026: 0.2%▲ +13.4% vs 04-2026 06-2026: 0.3%▲ +17.9% vs 05-2026 07-2026: 0.3%▲ +10.7% vs 06-2026 08-2026: 0.3%▼ -0.7% vs 07-2026 09-2026: 0.3%● 0.0% vs 08-2026 10-2026: 0.3%● 0.0% vs 09-2026
  • Size: total assets €4.1m lowers the probability for this profile
  • Liquidity: current ratio 0.29, cash €62,279, halved raises the probability
  • Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
  • Loss of €312,809, the second in a row (FY 2025) raises the probability
Credit up to €4,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.29 against 0.57 in 2024; short-term debt: 7.6% and cash: 1.5% of total assets), and 98% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, small). Better than this share of them on solvency 6%, liquidity 59%, profitability 3%, growth against the median 2%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €4.1m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.29, cash €62,279, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Activities of head offices; management consultancy activities (NACE 70)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Loss of €312,809, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€312,809
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 38840 sector peers (2025).
NBB · sector comparison
Position among 38840 sector peers
Solvency
better than 10%
← weakest strongest →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
2 d early
2024
17 d early
2023
70 d late
2022
32 d early
2021
33 d early
2020
32 d early
2019
20 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 14 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Appointments: Marie DALIMIER (adminsitratrice déléguée) and…Resignations: Eric DEWAELE (chair of…
  3. Weakest financial yearnet -€312,809

Key points

  • Risk: 4 loss-making years in a rowloss fiscal year 2025 -€312,809 View
  • Caution: Equity fell in 2025from €396,185 to €83,676 ▼ 78.9% View
  • Caution: Among the weakest 5% on net resultsector median €27,131 · 38,854 companies -€312,809 View
  • Caution: Board changedlatest change 07-01-2026 · 1 in office 2 joined · 2 left View

By topic

Financials

Fiscal year
2025
Total assets
€4.1m
Loss
-€312,809
Solvency
2.0%
Total assets▼ 3.1%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2019
Next accounts
by 31-07-2027
  1. 29-07-2026Annual accounts filed
  2. 07-01-2026Appointments: Marie DALIMIER (adminsitratrice déléguée) and Véronique…
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Cooperative company
Activity
Business and other management consultancyNACE 70200
Founded
17-11-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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