NOVAN
ActiveSummary
NOVAN has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €249k and a net result of €-167k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 3489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▲+2
Solvency45▲+28
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 2.14 in 2024; short-term debt: 10% and cash: 0.4% of total assets), but 80.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← 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
raises risk · 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 2025Solvency, return and age of the figures
Solvency
19.6%
Return on assets
-13.1%
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 23-12-2025, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
on the day
2023
29 d early
2022
41 d early
2021
28 d early
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€249k
2024 · €-107k
2019: €241k
2020: €67k▼ -72.1% vs 2019
2021: €490▼ -99.3% vs 2020
2022: €163k▲ +33179% vs 2021
2023: €95k▼ -41.6% vs 2022
2024: €-107k▼ -212% vs 2023lowest in 7 years
2025: €249k▲ +333% vs 2024highest in 7 years
2019 → 2025
Total assets
€1.27M▼ 5.7%
2024 · €1.35M
2019: €1.21Mlowest in 7 years
2020: €2.10M▲ +73.7% vs 2019highest in 7 years
2021: €2.02M▼ -3.6% vs 2020
2022: €1.47M▼ -27.2% vs 2021
2023: €1.39M▼ -5.3% vs 2022
2024: €1.35M▼ -3.3% vs 2023
2025: €1.27M▼ -5.7% vs 2024
2019 → 2025
Net result
€-167k▲ 17.6%
2024 · €-202k
2019: €-28k
2020: €-174k▼ -511% vs 2019
2021: €-67k▲ +61.6% vs 2020
2022: €163k▲ +344% vs 2021highest in 7 years
2023: €-68k▼ -142% vs 2022
2024: €-202k▼ -198% vs 2023lowest in 7 years
2025: €-167k▲ +17.6% vs 2024
2019 → 2025
Working capital
€93k▼ 24.3%
2024 · €123k
2019: €54klowest in 7 years
2020: €340k▲ +533% vs 2019highest in 7 years
2021: €297k▼ -12.5% vs 2020
2022: €263k▼ -11.6% vs 2021
2023: €241k▼ -8.4% vs 2022
2024: €123k▼ -48.7% vs 2023
2025: €93k▼ -24.3% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€490-€163k▲ 33,179%€95k▼ 41.6%€-107k€249k
2021: €490
2022: €163k▲ +33179% vs 2021
2023: €95k▼ -41.6% vs 2022
2024: €-107k▼ -212% vs 2023lowest in 5 years
2025: €249k▲ +333% vs 2024highest in 5 years
Operating result€-55k-€173k€-58k€-188k▼ 227%€-148k▲ 21.4%
2021: €-55k
2022: €173k▲ +417% vs 2021highest in 5 years
2023: €-58k▼ -133% vs 2022
2024: €-188k▼ -227% vs 2023lowest in 5 years
2025: €-148k▲ +21.4% vs 2024
Net result€-67k-€163k€-68k€-202k▼ 198%€-167k▲ 17.6%
2021: €-67k
2022: €163k▲ +344% vs 2021highest in 5 years
2023: €-68k▼ -142% vs 2022
2024: €-202k▼ -198% vs 2023lowest in 5 years
2025: €-167k▲ +17.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €148k in 2025 against €188k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€1.05M ▼ 5.9%
Current assets
€221k ▼ 4.7%
Equity and liabilities €1.27M
Equity
€249k
Debt
€1.02M
Debt finances 80.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€-83k▲
2024 · €-123k
Cash flow
€-101k▲
2024 · €-137k
Current ratio
1.73▼
2024 · 2.14
Quick ratio
0.65▼
2024 · 0.86
Debt to equity
4.11▲
2024 · -13.62
ROE
-67.0%
ROA
-13.1%▲
2024 · -15.0%
Interest coverage
-4.45▲
2024 · -11.74
Debt ≤ 1 year
€128k▲
2024 · €108k
Debt > 1 year
€895k▼
2024 · €1.35M
Income taxes
€8▼
2024 · €226
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.35M€1.27M▼
Fixed assets21/28€1.12M€1.05M▼
Tangible fixed assets22/27€1.12M€1.05M▼
Land and buildings22€971k€941k▼
Plant, machinery and equipment23€480€76▼
Furniture and vehicles24€144k€109k▼
Current assets29/58€232k€221k▼
Stocks and contracts in progress3€139k€138k▼
Stocks30/36€139k€138k▼
Amounts receivable within one year40/41€80k€53k▼
Trade receivables40€14k-
Other amounts receivable41€66k€53k▼
Current investments50/53-€2k
Cash at bank and in hand54/58€9k€5k▼
Deferred charges and accrued income490/1€4k€22k▲
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.27M▼
Equity10/15€-107k€249k▲
Contributions10/11€325k€847k▲
Reserves13€8k€8k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€-440k€-606k▼
Amounts payable17/49€1.45M€1.02M▼
Amounts payable after more than one year17€1.35M€895k▼
Financial debts170/4€104k€73k▼
Other amounts payable178/9€1.24M€822k▼
Amounts payable within one year42/48€108k€128k▲
Current portion of amounts payable after more than one year42€29k€30k▲
Financial debts43€75k€75k=
Credit institutions430/8€169€200▲
Other loans439€75k€75k=
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€226€20k▲
Taxes450/3€226€20k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€65k▲
Other operating charges640/8€11k€39k▲
Gross operating margin9900€-112k€-44k▲
Operating profit (loss)9901€-188k€-148k▲
Financial income75/76B€331€118▼
Recurring financial income75€331€118▼
Non-recurring financial income76B€331-
Financial charges65/66B€14k€19k▲
Recurring financial charges65€11k€19k▲
Non-recurring financial charges66B€3k-
Profit (loss) for the period before taxes9903€-202k€-167k▲
Income taxes67/77€226€8▼
Profit (loss) for the period9904€-202k€-167k▲
Profit (loss) for the period to be appropriated9905€-202k€-167k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-440k€-606k▼
Profit (loss) brought forward from the previous period14P€-238k€-440k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62k | €66k | €64k | €65k | €65k | ▲ 0.8% |
| Other operating charges640/8 | - | €13k | €11k | €11k | €39k | ▲ 253% |
| Non-recurring operating charges66A | - | €800 | - | - | - | - |
| Gross operating margin9900 | €17k | €252k | €18k | €-112k | €-44k | ▲ 60.9% |
| Operating profit (loss)9901 | €-55k | €173k | €-58k | €-188k | €-148k | ▲ 21.4% |
| Financial income75/76B | - | €18 | €114 | €331 | €118 | ▼ 64.4% |
| Recurring financial income75 | €88 | €18 | €114 | €331 | €118 | ▼ 64.4% |
| Non-recurring financial income76B | - | - | - | €331 | - | - |
| Financial charges65/66B | - | €9k | €10k | €14k | €19k | ▲ 34.6% |
| Recurring financial charges65 | €11k | €9k | €10k | €11k | €19k | ▲ 76.9% |
| Non-recurring financial charges66B | - | - | - | €3k | - | - |
| Profit (loss) for the period before taxes9903 | €-66k | €164k | €-67k | €-202k | €-167k | ▲ 17.5% |
| Income taxes67/77 | €886 | €872 | €836 | €226 | €8 | ▼ 96.4% |
| Profit (loss) for the period9904 | €-67k | €163k | €-68k | €-202k | €-167k | ▲ 17.6% |
| Profit (loss) for the period to be appropriated9905 | €-67k | €163k | €-68k | €-202k | €-167k | ▲ 17.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.02M | €1.47M | €1.39M | €1.35M | €1.27M | ▼ 5.7% |
| Fixed assets21/28 | €1.16M | €1.10M | €1.04M | €1.12M | €1.05M | ▼ 5.9% |
| Tangible fixed assets22/27 | €1.16M | €1.10M | €1.04M | €1.12M | €1.05M | ▼ 5.9% |
| Land and buildings22 | - | €1.04M | €1.00M | €971k | €941k | ▼ 3.1% |
| Plant, machinery and equipment23 | - | €2k | €928 | €480 | €76 | ▼ 84.1% |
| Furniture and vehicles24 | - | €62k | €31k | €144k | €109k | ▼ 24.5% |
| Financial fixed assets28 | €3k | €4k | - | - | - | - |
| Current assets29/58 | €862k | €368k | €358k | €232k | €221k | ▼ 4.7% |
| Stocks and contracts in progress3 | €752k | €246k | €267k | €139k | €138k | ▼ 0.4% |
| Stocks30/36 | - | €246k | €267k | €139k | €138k | ▼ 0.4% |
| Amounts receivable within one year40/41 | €85k | €60k | €75k | €80k | €53k | ▼ 33.3% |
| Trade receivables40 | - | - | €18k | €14k | - | - |
| Other amounts receivable41 | - | €60k | €58k | €66k | €53k | ▼ 19.7% |
| Current investments50/53 | - | - | - | - | €2k | - |
| Cash at bank and in hand54/58 | €25k | €62k | €16k | €9k | €5k | ▼ 43.2% |
| Deferred charges and accrued income490/1 | - | - | - | €4k | €22k | ▲ 401% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.02M | €1.47M | €1.39M | €1.35M | €1.27M | ▼ 5.7% |
| Equity10/15 | €490 | €163k | €95k | €-107k | €249k | ▲ 333% |
| Contributions10/11 | - | €325k | €325k | €325k | €847k | ▲ 161% |
| Reserves13 | €8k | €8k | €8k | €8k | €8k | = |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €6k | €8k | €8k | €8k | = |
| Profit (loss) carried forward14 | €-332k | €-170k | €-238k | €-440k | €-606k | ▼ 37.9% |
| Amounts payable17/49 | €2.02M | €1.31M | €1.30M | €1.45M | €1.02M | ▼ 29.7% |
| Amounts payable after more than one year17 | €1.46M | €1.20M | €1.18M | €1.35M | €895k | ▼ 33.5% |
| Financial debts170/4 | - | €40k | - | €104k | €73k | ▼ 29.4% |
| Other amounts payable178/9 | - | €1.16M | €1.18M | €1.24M | €822k | ▼ 33.8% |
| Amounts payable within one year42/48 | €565k | €105k | €118k | €108k | €128k | ▲ 17.7% |
| Current portion of amounts payable after more than one year42 | - | €28k | €40k | €29k | €30k | ▲ 4.1% |
| Financial debts43 | - | €75k | €75k | €75k | €75k | = |
| Credit institutions430/8 | - | - | - | €169 | €200 | ▲ 18.5% |
| Other loans439 | - | €75k | €75k | €75k | €75k | = |
| Trade debts44 | €49k | €424 | €675 | €4k | €2k | ▼ 51.4% |
| Suppliers440/4 | - | €424 | €675 | €4k | €2k | ▼ 51.4% |
| Taxes, remuneration and social security45 | - | €2k | €2k | €226 | €20k | ▲ 8,823% |
| Taxes450/3 | - | €2k | €2k | €226 | €20k | ▲ 8,823% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-67k | €163k | €-68k | €-202k | €-167k | ▲ 17.6% |
| + Depreciation and write-downs630 | €62k | €66k | €64k | €65k | €65k | ▲ 0.8% |
| Operating cash flow (approximation) | €-4k | €228k | €-3k | €-137k | €-101k | ▲ 26.2% |
| Investment in fixed assets (approximation) | - | €-11k | €4k | €-145k | €0 | ▲ 100% |
| Change in cash | - | €37k | €-46k | €-7k | €-4k | ▲ 48.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
23-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Equity above €200kEq €249k
Equity rises from €-107k to €249k.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-202k
Net result drops to €-202k, the lowest in the series; recovery starts the following year.
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €163k
Net result €163k after 3 loss-making years.
30-06
Financial
Liquidity doublescurrent ratio 3.51
Current ratio from 1.53 to 3.51; short-term debt falls from €565k to €105k.
30-06
Financial
Equity above €150kEq €163k ▲33,179%
Equity rises from €490 to €163k.
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-01
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.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Zoutleeuw · 1 establishment unit since 1999
Ground area
1,736 m²
Building footprint
427 m²
Parcel 24036C0101/00E000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
NOVAN
since 19992.101.900.126
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24036C0101/00E000 | Flanders | 1,736 m² | 1 · 427 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 886 companies in sector 74991 we hold annual accounts for 317. 215 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-09-1999
Fiscal year end30-06
Activities, NACEBEL 2025
74991Agents and managers of artists, athletes and other public figures
95319Other maintenance and repair of motor vehicles
Scores and ratios are computed by Checked and are not a credit decision.