NOVAN
ActiveNOVAN has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €209k and a net result of €7k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 61% of 27559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71=
Solvency82▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.43 against 2.12 in 2024; short-term debt: 30.8% and cash: 63.2% of total assets), and 42.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
57.4%
Return on assets
1.9%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
22 d early
2023
8 d early
2022
17 d early
2021
16 d early
2020
46 d early
2019
3 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€349k
EBIT margin
4.2%
Net result
€7k▼ 4.4%
2024 · €7k
2018: €568
2019: €9k
2020: €12k
2021: €3k
2022: €44k
2023: €45k
2024: €7k
2018 → 2025
Working capital
€161k▲ 20.9%
2024 · €133k
2018: €69k
2019: €73k
2020: €77k
2021: €83k
2022: €131k
2023: €154k
2024: €133k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€106k-€150k▲ 41.3%€195k▲ 30.0%€202k▲ 3.7%€209k▲ 3.4%
Operating result€7k-€67k▲ 811%€69k▲ 3.2%€19k▼ 72.3%€19k▼ 1.6%
Net result€3k-€44k▲ 1,475%€45k▲ 2.6%€7k▼ 84.1%€7k▼ 4.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €364k
Fixed assets
€91k▼ 32.1%
Current assets
€273k▲ 8.3%
Equity and liabilities €364k
Equity
€209k▲ 3.4%
Debt
€155k▼ 15.6%
The debt ratio falls from 47.7% to 42.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62k▲
2024 · €59k
Cash flow
€50k▲
2024 · €47k
Solvency
57.4%▲
2024 · 52.3%
Current ratio
2.43▲
2024 · 2.12
Quick ratio
2.43▲
2024 · 2.12
Debt / equity
0.74▼
2024 · 0.91
ROE
3.3%▼
2024 · 3.5%
ROA
1.9%▲
2024 · 1.9%
Interest coverage
6.48▲
2024 · 5.97
Debt
€155k▼
2024 · €184k
Debt ≤ 1 year
€112k▼
2024 · €119k
Debt > 1 year
€43k▼
2024 · €65k
Income taxes
€3k▲
2024 · €3k
Staff costs
€27k▼
2024 · €74k
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€386k€364k▼
Fixed assets21/28€134k€91k▼
Tangible fixed assets22/27€134k€91k▼
Land and buildings22€11k€9k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€120k€80k▼
Current assets29/58€252k€273k▲
Amounts receivable within one year40/41€29k€37k▲
Trade receivables40€18k€22k▲
Other amounts receivable41€12k€15k▲
Cash at bank and in hand54/58€220k€230k▲
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€386k€364k▼
Equity10/15€202k€209k▲
Contributions10/11€19k€19k=
Reserves13€98k€105k▲
Distributable reserves133€98k€105k▲
Profit (loss) carried forward14€86k€86k=
Amounts payable17/49€184k€155k▼
Amounts payable after more than one year17€65k€43k▼
Financial debts170/4€65k€43k▼
Amounts payable within one year42/48€119k€112k▼
Current portion of amounts payable after more than one year42€27k€22k▼
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€5k€3k▼
Remuneration and social security454/9€797€0▼
Other amounts payable47/48€82k€84k▲
Accrued charges and deferred income492/3€106€96▼
Income statement
Code20242025
Non-recurring operating income76A€17k€0▼
Remuneration, social security and pensions62€74k€27k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€43k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-18k€-12k▲
Other operating charges640/8€20k€13k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€135k€90k▼
Operating profit (loss)9901€19k€19k▼
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€10k€10k▼
Recurring financial charges65€10k€10k▼
Profit (loss) for the period before taxes9903€10k€10k▲
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€7k€7k▼
Profit (loss) for the period to be appropriated9905€7k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€93k€92k▼
Profit (loss) brought forward from the previous period14P€86k€86k=
Transfer to equity691/2€7k€7k▼
To other reserves6921€7k€7k▼
The notes to these accounts (7 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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €202k ▲3.7%
7 profitable years in a row build equity to €202k.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €45k ▲2.6%
Operating result €69k, net result €45k, both a record.
31-12
Financial
Equity above €150kEq €195k ▲30%
6 profitable years in a row build equity to €195k.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €103k ▲12.9%
3 profitable years in a row build equity to €103k.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Bilzen-Hoeselt · 1 establishment unit since 1994
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.
Bergstraat 463730 Bilzen-HoeseltGround area
1,262 m²
Building footprint
164 m²
Volume, LiDAR
1,120 m³
Parcel 73032E0027/00E000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bergstraat 46, 3730 Bilzen-Hoeselt
since 19942.067.274.391
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73032E0027/00E000 | Flanders | 1,262 m² | 1 · 164 m² | 10.7 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 59 EUR awarded · 59 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 59 EUR | 59 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 15,541 companies in sector 43990 we hold annual accounts for 7,422. 5,799 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-05-1994
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.