NOVALIS

Active

Public limited companyfounded 200025 yrs activeGeneraal Jacqueslaan 231, 1050 Elsene, BelgiumKBO/BCE: BE 0472.993.081

NOVALIS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1k and a net result of €-8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 9088 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2025

32 / 100

Weak▼ -16 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-100

Solvency24▲+5

Growth58=

Stability100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity ample (current ratio 1.53 against 0.97 in 2024), but 99.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Ten signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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 2025

Solvency, return and age of the figures

Solvency

0.8%

Return on assets

-6.6%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9088 sector peers (2025).

NBB · sector comparison

Position among 9088 sector peers

Solvency

better than 18%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

23 d early

2024

49 d early

2023

39 d early

2022

3 d late

2021

3 d early

2020

10 d late

2019

50 d early

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Equity

€1k▼ 88.7%

2024 · €9k

2019: €36k 2020: €19k 2021: €403 2022: €-23k 2023: €-4k 2024: €9k

2019 → 2025

Total assets

€124k▲ 57.8%

2024 · €79k

2019: €147k 2020: €225k 2021: €216k 2022: €199k 2023: €125k 2024: €79k

2019 → 2025

Net result

€-8k

2024 · €14k

2019: €-16k 2020: €-17k 2021: €-18k 2022: €-23k 2023: €19k 2024: €14k

2019 → 2025

Working capital

€41k

2024 · €-2k

2019: €17k 2020: €1k 2021: €-36k 2022: €-70k 2023: €-11k 2024: €-2k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€403-€-23k€-4k▲ 81.1%€9k€1k▼ 88.7%

Operating result€-15k-€-20k▼ 33.4%€20k€18k▼ 8.9%€-3k

Net result€-18k-€-23k▼ 26.6%€19k€14k▼ 26.7%€-8k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €3k after €18k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €124k

95.5%

Fixed assets €6k▼ 49.3%

Current assets €118k▲ 75.4%

Equity and liabilities €124k

99.2%

Equity €1k▼ 88.7%

Debt €123k▲ 77.4%

The debt ratio rises from 88.2% to 99.2%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€6k▼

2024 · €47k

Cash flow

€112▼

2024 · €42k

Solvency

0.8%▼

2024 · 11.8%

Current ratio

1.53▲

2024 · 0.97

Quick ratio

1.49▲

2024 · 0.92

ROE

-786.9%▼

2024 · 146.8%

ROA

-6.6%▼

2024 · 17.4%

Interest coverage

0.98▼

2024 · 7.92

Debt

€123k▲

2024 · €69k

Debt ≤ 1 year

€77k▲

2024 · €69k

Debt > 1 year

€46k

Income taxes

€257▼

2024 · €2k

Staff costs

€27k▼

2024 · €37k

A ratio outside any meaningful range has been withheld (balance sheet total €124k, equity €1k).

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€79k€124k▲

Fixed assets21/28€11k€6k▼

Tangible fixed assets22/27€8k€3k▼

Furniture and vehicles24€8k€3k▼

Financial fixed assets28€3k€3k=

Current assets29/58€68k€118k▲

Amounts receivable after more than one year29-€61k

Other amounts receivable291-€61k

Stocks and contracts in progress3€3k€3k=

Stocks30/36€3k€3k=

Amounts receivable within one year40/41€59k€42k▼

Trade receivables40€52k€7k▼

Other amounts receivable41€7k€35k▲

Cash at bank and in hand54/58€4k€506▼

Deferred charges and accrued income490/1€1k€11k▲

Equity and liabilities

Total equity and liabilities10/49€79k€124k▲

Equity10/15€9k€1k▼

Contributions10/11€125k€125k=

Capital10€125k€125k=

Issued capital100€125k€125k=

Profit (loss) carried forward14€-116k€-124k▼

Amounts payable17/49€69k€123k▲

Amounts payable after more than one year17-€46k

Financial debts170/4-€46k

Amounts payable within one year42/48€69k€77k▲

Current portion of amounts payable after more than one year42€14k€14k▲

Trade debts44€4k€5k▲

Suppliers440/4€4k€5k▲

Taxes, remuneration and social security45€11k€19k▲

Taxes450/3€6k€7k▲

Remuneration and social security454/9€5k€12k▲

Other amounts payable47/48€41k€39k▼

Income statement Code20242025

Remuneration, social security and pensions62€37k€27k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€8k▼

Other operating charges640/8€3k€2k▼

Non-recurring operating charges66A-€57

Gross operating margin9900€87k€34k▼

Operating profit (loss)9901€18k€-3k▼

Financial income75/76B€3k€456▼

Recurring financial income75€3k€456▼

Financial charges65/66B€6k€6k▼

Recurring financial charges65€6k€6k▼

Profit (loss) for the period before taxes9903€15k€-8k▼

Income taxes67/77€2k€257▼

Profit (loss) for the period9904€14k€-8k▼

Profit (loss) for the period to be appropriated9905€14k€-8k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-116k€-124k▼

Profit (loss) brought forward from the previous period14P€-129k€-116k▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

08-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

12-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2023

22-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

31-03

Financial Back to profitnet €19k

Net result €19k after 4 loss-making years.

2022

03-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 3 days late

31-03

Financial Weakest financial yearnet €-23k

Net result drops to €-23k, the lowest in the series; recovery starts the following year.

2021

28-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2020

10-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 10 days late

2019

11-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2018

08-11

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 8 days late

2017

26-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2016

29-09

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

10 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, Elsene · 3 establishment units since 2000

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.

Generaal Jacqueslaan 2311050 Elsene

Ground area

3,055 m²

Building footprint

686 m²

Volume, LiDAR

4,509 m³

3 parcels, Brussels, Wallonia · tallest building 17.5 m, ±4 floors. Linked by address, not a title deed.

3 establishment units

Generaal Jacqueslaan 231, 1050 Elsene

NACE 70201

since 20002.094.067.969

Chemin des Roquettes 5, 7061 Soignies

Construction of utility projects for electricity and telecommunications

since 20102.305.038.714

Les Basses(Haversin) 30, 5590 Ciney

Real estate activities

since 20232.353.342.338

3 parcels

Wallonia 2 (66.7%) Brussels 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
91118E0015/00S000	Wallonia	1,744 m²	1 · 272 m²	-
55044D0443/00F000	Wallonia	1,069 m²	1 · 321 m²	13.8 m · 4 fl.
21445C0230/00P004	Brussels	241 m²	1 · 93 m²	17.5 m · 4 fl.