NOVAN
ActiveNOVAN has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-7k) and a net result of €-13k. Equity is shrinking by ~106.4% per year across the filed fiscal years. Its solvency ranks better than 19% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▲+1
Solvency23▼-4
Growth32=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.06 against 2.65 in 2024; short-term debt: 4.8% and cash: 1.5% of total assets), but equity is negative.
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
lowers risk · 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 →
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
-1.6%
Return on assets
-3.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-7k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
24 d late
2024
27 d late
2023
31 d late
2022
32 d late
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-7k
2024 · €7k
2022: €39k
2023: €23k
2024: €7k
2022 → 2025
Total assets
€411k▲ 8.8%
2024 · €378k
2022: €260k
2023: €248k
2024: €378k
2022 → 2025
Net result
€-13k▲ 16.1%
2024 · €-16k
2022: €-11k
2023: €-17k
2024: €-16k
2022 → 2025
Working capital
€21k▼ 27.3%
2024 · €29k
2022: €17k
2023: €6k
2024: €29k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€39k-€23k▼ 42.6%€7k▼ 70.3%€-7k
Operating result€-7k-€-11k▼ 63.8%€-11k▲ 0.4%€-7k▲ 34.5%
Net result€-11k-€-17k▼ 56.8%€-16k▲ 5.2%€-13k▲ 16.1%
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 €7k in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €411k
Fixed assets
€370k▲ 11.9%
Current assets
€41k▼ 12.2%
Key figures and ratios
EBITDA
€-4k▲
2024 · €-11k
Cash flow
€-9k▲
2024 · €-15k
Solvency
-1.6%▼
2024 · 1.8%
Current ratio
2.06▼
2024 · 2.65
Quick ratio
2.06▼
2024 · 2.65
Debt / equity
-63.34▼
2024 · 55.31
ROA
-3.2%▲
2024 · -4.2%
Interest coverage
-0.60▲
2024 · -2.37
Debt
€418k▲
2024 · €371k
Debt ≤ 1 year
€20k▲
2024 · €17k
Debt > 1 year
€398k▲
2024 · €354k
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€378k€411k▲
Formation expenses20€1k€609▼
Fixed assets21/28€330k€370k▲
Tangible fixed assets22/27€330k€370k▲
Land and buildings22€240k€370k▲
Assets under construction and advance payments27€90k€0▼
Current assets29/58€46k€41k▼
Amounts receivable within one year40/41€37k€34k▼
Trade receivables40€30k€30k=
Other amounts receivable41€7k€5k▼
Cash at bank and in hand54/58€10k€6k▼
Deferred charges and accrued income490/1€277€352▲
Equity and liabilities
Total equity and liabilities10/49€378k€411k▲
Equity10/15€7k€-7k▼
Contributions10/11€50k€50k=
Profit (loss) carried forward14€-43k€-57k▼
Amounts payable17/49€371k€418k▲
Amounts payable after more than one year17€354k€398k▲
Financial debts170/4€354k€398k▲
Amounts payable within one year42/48€17k€20k▲
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€4k€4k▼
Suppliers440/4€4k€4k▼
Other amounts payable47/48-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€569€4k▲
Other operating charges640/8€2k€462▼
Gross operating margin9900€-9k€-3k▲
Operating profit (loss)9901€-11k€-7k▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€-16k€-13k▲
Profit (loss) for the period9904€-16k€-13k▲
Profit (loss) for the period to be appropriated9905€-16k€-13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-43k€-57k▼
Profit (loss) brought forward from the previous period14P€-27k€-43k▼
The notes to these accounts (10 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
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 2022
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.
Kieleberg 273740 Bilzen-HoeseltGround area
4,966 m²
Building footprint
1,506 m²
Parcel 73006A0052/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
NOVAN
since 20222.327.227.166
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006A0052/00F000 | Flanders | 4,966 m² | 1 · 1,506 m² | - |
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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 1,554 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-01-2022
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
82990Other business support services
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.