Novar
ActiveNovar has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.30M and a net result of €204k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 1721 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
88
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-22
Solvency97▲+7
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 3.0 against 2.71 in 2024), and 44.6% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
55.4%
Return on assets
8.6%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
on the day
2023
31 d early
2022
62 d early
2021
65 d early
2020
65 d early
2019
31 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.30M▲ 18.5%
2024 · €1.10M
2018: €535k
2019: €793k
2020: €559k
2021: €309k
2022: €338k
2023: €784k
2024: €1.10M
2018 → 2025
Total assets
€2.36M▼ 2.3%
2024 · €2.41M
2018: €2.04M
2019: €2.25M
2020: €1.84M
2021: €1.71M
2022: €1.78M
2023: €1.80M
2024: €2.41M
2018 → 2025
Net result
€204k▼ 35.7%
2024 · €317k
2018: €41k
2019: €258k
2020: €-45k
2021: €-250k
2022: €29k
2023: €695k
2024: €317k
2018 → 2025
Working capital
€628k▼ 6.8%
2024 · €674k
2018: €126k
2019: €364k
2020: €87k
2021: €-57k
2022: €-571
2023: €469k
2024: €674k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€309k-€338k▲ 9.5%€784k▲ 132%€1.10M▲ 40.4%€1.30M▲ 18.5%
Operating result€-210k-€70k€876k▲ 1,149%€463k▼ 47.1%€318k▼ 31.4%
Net result€-250k-€29k€695k▲ 2,281%€317k▼ 54.5%€204k▼ 35.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.36M
Fixed assets
€1.41M▲ 5.2%
Current assets
€943k▼ 11.8%
Equity and liabilities €2.36M
Equity
€1.30M▲ 18.5%
Debt
€1.05M▼ 19.8%
The debt ratio falls from 54.4% to 44.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€550k▼
2024 · €707k
Cash flow
€435k▼
2024 · €560k
Solvency
55.4%▲
2024 · 45.6%
Current ratio
3.00▲
2024 · 2.71
Quick ratio
0.83▼
2024 · 0.96
Debt / equity
0.81▼
2024 · 1.19
ROE
15.6%▼
2024 · 28.8%
ROA
8.6%▼
2024 · 13.1%
Interest coverage
12.44▼
2024 · 17.38
Debt
€1.05M▼
2024 · €1.31M
Debt ≤ 1 year
€314k▼
2024 · €394k
Debt > 1 year
€737k▼
2024 · €917k
Income taxes
€61k▼
2024 · €106k
Staff costs
€2k▼
2024 · €23k
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€2.41M€2.36M▼
Fixed assets21/28€1.34M€1.41M▲
Intangible fixed assets21€28k€132k▲
Tangible fixed assets22/27€1.31M€1.28M▼
Land and buildings22€1.17M€1.08M▼
Plant, machinery and equipment23€131k€117k▼
Furniture and vehicles24-€85k
Financial fixed assets28€10k€0▼
Current assets29/58€1.07M€943k▼
Stocks and contracts in progress3€688k€681k▼
Stocks30/36€688k€681k▼
Amounts receivable within one year40/41€195k€236k▲
Trade receivables40€146k€31k▼
Other amounts receivable41€49k€204k▲
Cash at bank and in hand54/58€176k€25k▼
Deferred charges and accrued income490/1€9k€638▼
Equity and liabilities
Total equity and liabilities10/49€2.41M€2.36M▼
Equity10/15€1.10M€1.30M▲
Contributions10/11€38k€38k=
Reserves13€1.06M€1.27M▲
Distributable reserves133€1.06M€1.27M▲
Profit (loss) carried forward14€0-
Amounts payable17/49€1.31M€1.05M▼
Amounts payable after more than one year17€917k€737k▼
Financial debts170/4€917k€737k▼
Amounts payable within one year42/48€394k€314k▼
Current portion of amounts payable after more than one year42€181k€180k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€50k€96k▲
Suppliers440/4€50k€96k▲
Taxes, remuneration and social security45€114k€894▼
Taxes450/3€110k€894▼
Remuneration and social security454/9€4k€0▼
Other amounts payable47/48€48k€37k▼
Accrued charges and deferred income492/3-€500
Income statement
Code20242025
Remuneration, social security and pensions62€23k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€244k€232k▼
Other operating charges640/8€15k€15k▼
Gross operating margin9900€745k€566k▼
Operating profit (loss)9901€463k€318k▼
Financial income75/76B€292€663▲
Recurring financial income75€292€663▲
Financial charges65/66B€41k€54k▲
Recurring financial charges65€41k€44k▲
Non-recurring financial charges66B-€10k
Profit (loss) for the period before taxes9903€423k€265k▼
Income taxes67/77€106k€61k▼
Profit (loss) for the period9904€317k€204k▼
Profit (loss) for the period to be appropriated9905€317k€204k▼
Appropriation of the result
Profit (loss) to be appropriated9906€317k€204k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€0-
Transfer to equity691/2€317k€204k▼
To other reserves6921€317k€204k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (25 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.10M ▲40.4%
3 profitable years in a row build equity to €1.10M.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €695k ▲2281%
Operating result €876k, net result €695k, both a record.
31-12
Financial
Equity above €500kEq €784k ▲132%
2 profitable years in a row build equity to €784k.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €29k
Net result €29k after 2 loss-making years.
27-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-250k
Net result drops to €-250k, the lowest in the series; recovery starts the following year.
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-06
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
4 directors, no change since 2024
NOYENS, Bob
CurrentNon-statutory director · since 18-07-2024
JANSSEN Gerarda Adriana Maria
CurrentNiet statutair bestuurder · since 23-11-2023
vAN dEN BORNE Hendrikus Theodorus Marcelis
CurrentStatutair bestuurder · since 23-11-2023
18-07-2024
NOYENS, Bob: Appointed as Non-statutory director
18-07-2024
vAN dEN BORNE Hendrikus Theodorus Marcelis: Resigned as Statutair
30-06-2024
JANSSEN, Gerarda: Resigned as Non-statutory director
23-11-2023
JANSSEN Gerarda Adriana Maria: Appointed as Niet statutair bestuurder
23-11-2023
vAN dEN BORNE Hendrikus Theodorus Marcelis: Resigned as Statutair zaakvoerder
23-11-2023
vAN dEN BORNE Hendrikus Theodorus Marcelis: Appointed as Statutair bestuurder
Location & real-estate footprint
Registered office, Arendonk · 1 establishment unit since 1988
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.
Houwendijk 92370 ArendonkGround area
1,188 m²
Building footprint
203 m²
Volume, LiDAR
950 m³
Parcel 13322D1131/00K000, Flanders · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Fok- en Mesterij Henk
since 19882.036.991.090
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13322D1131/00K000 | Flanders | 1,187 m² | 1 · 203 m² | 8.8 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteArendonk2.036.991.090
Legal Entity Identifier
967600E088FQ4LGMLD07
Similar companies · same sector, comparable size
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COMPOBEL
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ADAMS - KOYEN
BE 0821.822.602
Hoogstraten · Eq €1.29M
ROVARCO
BE 0838.066.835
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BELGA PORC
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Of 902 companies in sector 01461 we hold annual accounts for 295. 224 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-03-1988
Fiscal year end31-12
Activities, NACEBEL
01231
01461Pig breeding farms
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.