NOVAS
ActiveSummary
NOVAS has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145k and a net result of €10k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 59% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▼-24
Solvency76▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.79 against 2.01 in 2024; short-term debt: 48.5% and cash: 73.4% of total assets), and 48.5% 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
51.5%
Return on assets
3.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
220 d late
2023
503 d late
2022
29 d late
2021
31 d late
2020
30 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€145k▲ 7.6%
2024 · €135k
2018: €79k
2019: €63k
2020: €53k
2021: €68k
2022: €76k
2023: €101k
2024: €135k
2018 → 2025
Total assets
€281k▲ 12.4%
2024 · €250k
2018: €88k
2019: €74k
2020: €63k
2021: €97k
2022: €124k
2023: €187k
2024: €250k
2018 → 2025
Net result
€10k▼ 69.2%
2024 · €33k
2018: €9k
2019: €-16k
2020: €-10k
2021: €16k
2022: €8k
2023: €25k
2024: €33k
2018 → 2025
Working capital
€107k▼ 8.5%
2024 · €117k
2018: €79k
2019: €62k
2020: €50k
2021: €50k
2022: €65k
2023: €91k
2024: €117k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€68k-€76k▲ 11.4%€101k▲ 33.4%€135k▲ 32.6%€145k▲ 7.6%
Operating result€16k-€9k▼ 45.6%€36k▲ 311%€49k▲ 36.8%€16k▼ 68.2%
Net result€16k-€8k▼ 50.7%€25k▲ 226%€33k▲ 30.5%€10k▼ 69.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 68% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €281k
Fixed assets
€38k ▲ 116%
Current assets
€244k ▲ 4.6%
Equity and liabilities €281k
Equity
€145k ▲ 7.6%
Debt
€136k ▲ 17.9%
Debt's share of the balance-sheet total rises from 46.2% to 48.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29k
Cash flow
€23k
Current ratio
1.79▼
2024 · 2.01
Debt to equity
0.94▲
2024 · 0.86
ROE
7.0%▼
2024 · 24.6%
ROA
3.6%▼
2024 · 13.2%
Interest coverage
-2585.60
Debt ≤ 1 year
€136k▲
2024 · €116k
Income taxes
€5k▼
2024 · €16k
Staff costs
€4k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€250k€281k▲
Fixed assets21/28€17k€38k▲
Intangible fixed assets21-€33k
Tangible fixed assets22/27€17k€4k▼
Plant, machinery and equipment23€16€16=
Furniture and vehicles24€17k€4k▼
Financial fixed assets28€601€601=
Current assets29/58€233k€244k▲
Amounts receivable within one year40/41€23k€34k▲
Trade receivables40€9k€23k▲
Other amounts receivable41€14k€11k▼
Cash at bank and in hand54/58€207k€206k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€250k€281k▲
Equity10/15€135k€145k▲
Contributions10/11€62k€62k=
Outside capital11€62k€62k=
Other1109/19€62k€62k=
Reserves13€26k€26k=
Distributable reserves133€26k€26k=
Profit (loss) carried forward14€47k€57k▲
Amounts payable17/49€116k€136k▲
Amounts payable within one year42/48€116k€136k▲
Trade debts44€19k€15k▼
Suppliers440/4€19k€15k▼
Advances received on contracts in progress46€738€738=
Taxes, remuneration and social security45€42k€76k▲
Taxes450/3€38k€18k▼
Remuneration and social security454/9€4k€59k▲
Other amounts payable47/48€54k€45k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€13k
Other operating charges640/8€1k€630▼
Gross operating margin9900€50k€33k▼
Operating profit (loss)9901€49k€16k▼
Financial income75/76B€230€0▼
Recurring financial income75€230€0▼
Financial charges65/66B€6€-11▼
Recurring financial charges65€6€-11▼
Profit (loss) for the period before taxes9903€49k€16k▼
Income taxes67/77€16k€5k▼
Profit (loss) for the period9904€33k€10k▼
Profit (loss) for the period to be appropriated9905€33k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€47k€57k▲
Profit (loss) brought forward from the previous period14P€14k€47k▲
The notes to these accounts (9 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 220 days late
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 503 days late
2024
31-12
Financial
Highest result since 2018net €33k ▲30.5%
Operating result €49k, net result €33k, both a record.
2023
31-12
Financial
Equity above €100kEq €101k ▲33.4%
3 profitable years in a row build equity to €101k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet €-16k ▼287%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Ukkel · 1 establishment unit since 1998
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.
Brugmannlaan 2561180 UkkelGround area
203 m²
Building footprint
92 m²
Volume, LiDAR
1,383 m³
Parcel 21618B0276/00F060, Brussels · tallest building 19.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Novas
since 19982.023.774.940
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0276/00F060 | Brussels | 203 m² | 1 · 92 m² | 19.6 m · 6 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.
Similar companies · same sector, comparable size
MGB CONSTRUCT
BE 0686.551.647
Fernelmont · Eq €144,827
ALGEMENE BOUWONDERNEMING JPJ
BE 0886.364.323
Putte · Eq €144,868
UNIBAX RENOVATION
BE 0812.287.797
Dinant · Eq €144,655
RENOVATOR TEAM
BE 0839.520.449
Sint-Agatha-Berchem · Eq €144,654
MICHEL BERGMANS
BE 0890.112.679
Beersel · Eq €145,009
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,090 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-12-1983
Fiscal year end31-12
Abbreviation FR
B.D.E.
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.