NOVAK.Z
ActiveThe computed 12-month bankruptcy probability of NOVAK.Z is 3.9% (moderate). The 2025 annual accounts show equity of €117k and a net result of €6k. Equity is growing by ~46.1% per year across the filed fiscal years. Its solvency ranks better than 59% of 27787 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▼-40
Solvency80▲+21
Growth85=
Track record94
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.87 against 1.3 in 2024; short-term debt: 26.5% and cash: 1.9% of total assets), and 44.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
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 2025Solvency, return and age of the figures
Solvency
55.3%
Return on assets
3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
65 d late
2022
50 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€903k▼ 24.2%
2024 · €1.19M
2022: €80k
2023: €504k
2024: €1.19M
2022 → 2025
EBIT margin
-2.1%▼ 7.1pp
2024 · 5.0%
2022: 3.4%
2023: 14.7%
2024: 5.0%
2022 → 2025
Net result
€6k▼ 84.9%
2024 · €42k
2022: €3k
2023: €58k
2024: €42k
2022 → 2025
Working capital
€48k▼ 1.5%
2024 · €49k
2022: €5k
2023: €52k
2024: €49k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€80k-€504k▲ 530%€1.19M▲ 136%€903k▼ 24.2%
Equity€9k-€67k▲ 618%€114k▲ 71.2%€117k▲ 2.4%
Operating result€3k-€74k▲ 2,629%€60k▼ 19.2%€-19k
Net result€3k-€58k▲ 1,897%€42k▼ 28.3%€6k▼ 84.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €19k after €60k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €211k
Fixed assets
€106k▼ 10.7%
Current assets
€104k▼ 51.5%
Equity and liabilities €211k
Equity
€117k▲ 2.4%
Debt
€94k▼ 57.3%
The debt ratio falls from 65.9% to 44.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▼
2024 · €76k
Cash flow
€34k▼
2024 · €58k
Solvency
55.3%▲
2024 · 34.1%
Current ratio
1.87▲
2024 · 1.30
Quick ratio
1.16▼
2024 · 1.30
Debt / equity
0.81▼
2024 · 1.93
ROE
5.4%▼
2024 · 36.5%
ROA
3.0%▼
2024 · 12.5%
Interest coverage
1.37▼
2024 · 10.88
Debt
€94k▼
2024 · €220k
Debt ≤ 1 year
€56k▼
2024 · €166k
Debt > 1 year
€38k▼
2024 · €54k
Income taxes
€-28k▼
2024 · €14k
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€334k€211k▼
Fixed assets21/28€119k€106k▼
Tangible fixed assets22/27€117k€104k▼
Plant, machinery and equipment23€23k€18k▼
Furniture and vehicles24€27k€28k▲
Leasing and similar rights25€66k€58k▼
Financial fixed assets28€2k€2k=
Current assets29/58€215k€104k▼
Stocks and contracts in progress3-€40k
Stocks30/36-€40k
Amounts receivable within one year40/41€106k€51k▼
Trade receivables40€106k€37k▼
Other amounts receivable41€41€14k▲
Cash at bank and in hand54/58€103k€4k▼
Deferred charges and accrued income490/1€6k€10k▲
Equity and liabilities
Total equity and liabilities10/49€334k€211k▼
Equity10/15€114k€117k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€103k€109k▲
Investment grants15€8k€5k▼
Amounts payable17/49€220k€94k▼
Amounts payable after more than one year17€54k€38k▼
Financial debts170/4€54k€38k▼
Amounts payable within one year42/48€166k€56k▼
Current portion of amounts payable after more than one year42€14k€19k▲
Trade debts44€74k€35k▼
Suppliers440/4€74k€35k▼
Taxes, remuneration and social security45€54k€2k▼
Taxes450/3€54k€2k▼
Other amounts payable47/48€24k€234▼
Income statement
Code20242025
Turnover70€1.19M€903k▼
Goods, raw materials, services and sundry goods60/61€1.12M€898k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€27k▲
Other operating charges640/8€4k€578▼
Non-recurring operating charges66A€488€641▲
Gross operating margin9900€80k€10k▼
Operating profit (loss)9901€60k€-19k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€56k€-21k▼
Income taxes67/77€14k€-28k▼
Profit (loss) for the period9904€42k€6k▼
Profit (loss) for the period to be appropriated9905€42k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€103k€109k▲
Profit (loss) brought forward from the previous period14P€61k€103k▲
The notes to these accounts (8 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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €100kEq €114k ▲71.2%
3 profitable years in a row build equity to €114k.
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
30-06
Financial
Highest result since 2022net €58k ▲1897%
Operating result €74k, net result €58k, both a record.
2022
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Agatha-Berchem · 1 establishment unit since 2021
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.
Groot-Bijgaardenstraat 141082 Sint-Agatha-BerchemGround area
464 m²
Building footprint
360 m²
Volume, LiDAR
2,550 m³
2 parcels, Brussels · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NOVAK.Z
since 20212.321.836.837
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0043/00F003 | Brussels | 290 m² | 1 · 293 m² | 10.6 m · 2 fl. |
| 21010B0014/05F002 | Brussels | 175 m² | 1 · 68 m² | 10.3 m · 3 fl. |
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.
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DEFEVER RENOVATIEWERKEN
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Royemans
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,207 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-07-2021
Fiscal year end30-06
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:+32472986119