Novaro
ActiveNovaro has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €52k and a net result of €-5k. Equity is growing by ~38.7% per year across the filed fiscal years. Its solvency ranks better than 32% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability65▼-26
Solvency56▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.24 in 2023; short-term debt: 39% and cash: 0% of total assets), and 69.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 →
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 2024Solvency, return and age of the figures
Solvency
30.7%
Return on assets
-3%
Age of the figures
21 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
14 d early
2022
17 d early
2021
25 d early
2020
44 d early
2019
16 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€52k▼ 8.8%
2023 · €57k
2018: €17k
2019: €10k
2020: €13k
2021: €20k
2022: €32k
2023: €57k
2018 → 2024
Total assets
€169k▼ 17.4%
2023 · €205k
2018: €117k
2019: €77k
2020: €110k
2021: €112k
2022: €95k
2023: €205k
2018 → 2024
Net result
€-5k
2023 · €37k
2018: €21k
2019: €-7k
2020: €3k
2021: €8k
2022: €13k
2023: €37k
2018 → 2024
Working capital
€14k▼ 19.2%
2023 · €17k
2018: €-3k
2019: €863
2020: €2k
2021: €5k
2022: €14k
2023: €17k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€13k-€20k▲ 49.2%€32k▲ 58.0%€57k▲ 80.5%€52k▼ 8.8%
Operating result€7k-€14k▲ 109%€21k▲ 49.9%€54k▲ 163%€-183
Net result€3k-€8k▲ 151%€13k▲ 61.0%€37k▲ 182%€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €183 after €54k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €169k
Fixed assets
€89k▼ 22.1%
Current assets
€80k▼ 11.4%
Equity and liabilities €169k
Equity
€52k▼ 8.8%
Debt
€117k▼ 20.7%
The debt ratio falls from 72.2% to 69.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€29k▼
2023 · €68k
Cash flow
€24k▼
2023 · €51k
Solvency
30.7%▲
2023 · 27.8%
Current ratio
1.21▼
2023 · 1.24
Quick ratio
0.99▼
2023 · 1.10
Debt / equity
2.25▼
2023 · 2.59
ROE
-9.6%▼
2023 · 65.3%
ROA
-3.0%▼
2023 · 18.2%
Interest coverage
6.03▼
2023 · 27.41
Debt
€117k▼
2023 · €148k
Debt ≤ 1 year
€66k▼
2023 · €73k
Debt > 1 year
€51k▼
2023 · €75k
Income taxes
€226▼
2023 · €15k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€205k€169k▼
Fixed assets21/28€115k€89k▼
Intangible fixed assets21€2k€993▼
Tangible fixed assets22/27€113k€88k▼
Plant, machinery and equipment23€19k€19k▼
Furniture and vehicles24€16k€12k▼
Leasing and similar rights25€77k€57k▼
Financial fixed assets28€250€250=
Current assets29/58€90k€80k▼
Stocks and contracts in progress3€10k€14k▲
Stocks30/36€10k€11k▲
Contracts in progress37-€4k
Amounts receivable within one year40/41€58k€62k▲
Trade receivables40€49k€48k▼
Other amounts receivable41€9k€14k▲
Cash at bank and in hand54/58€20k€16▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€205k€169k▼
Equity10/15€57k€52k▼
Contributions10/11€6k€6k=
Reserves13€51k€51k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€51k€51k=
Profit (loss) carried forward14€0€-5k▼
Amounts payable17/49€148k€117k▼
Amounts payable after more than one year17€75k€51k▼
Financial debts170/4€75k€51k▼
Amounts payable within one year42/48€73k€66k▼
Current portion of amounts payable after more than one year42€24k€24k▼
Financial debts43€0€9k▲
Credit institutions430/8€0€9k▲
Trade debts44€39k€25k▼
Suppliers440/4€39k€25k▼
Taxes, remuneration and social security45€9k€9k▼
Taxes450/3€9k€9k▼
Other amounts payable47/48€2k€0▼
Accrued charges and deferred income492/3€68€123▲
Income statement
Code20232024
Non-recurring operating income76A€5k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€29k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€70k€31k▼
Operating profit (loss)9901€54k€-183▼
Financial income75/76B€345€200▼
Recurring financial income75€345€200▼
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€52k€-5k▼
Income taxes67/77€15k€226▼
Profit (loss) for the period9904€37k€-5k▼
Profit (loss) for the period to be appropriated9905€37k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€37k€-5k▼
Transfer from equity791/2€12k€0▼
Transfer to equity691/2€37k€0▼
To other reserves6921€37k€0▼
Profit to be distributed694/7€12k€0▼
Return on contributions (dividend)694€12k€0▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €37k ▲182%
Operating result €54k, net result €37k, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-7k ▼135%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Lille · 1 establishment unit since 2010
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.
Turnhoutsebaan 552275 LilleGround area
1,648 m²
Building footprint
175 m²
Volume, LiDAR
1,116 m³
Parcel 13009B0191/00N000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Turnhoutsebaan 55, 2275 Lille
since 20102.185.282.514
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13009B0191/00N000 | Flanders | 1,648 m² | 1 · 175 m² | 9.6 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.
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FTW - TECHNIK
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Flemings
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,137. 7,431 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-01-2010
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.