Turnover
≈ €250,000 estimated
The micro format states no turnover.
NOVASTRUCT
Overview
Lifetime
3 annual accounts with figures on one time axispeak €49,052 (2024)
€36,137▼ 26.3%
peak €36,283 (2024)
€25,473▼ 29.8%
peak €84,661 (2025)
€84,661▲ 43.0%
€17,342▲ 17.2%
Board1 name since 2023
-
Documentsfilings and deeds
21-09-202652 days late
2025micro format
Gross margin from €49,052 to €36,137Result from €36,283 to €25,473Equity from €59,188 to €84,661Debts from €14,797 to €17,342
Key points
from the 2025 annual accountsFilings
3 annual accounts 2 late
The 2025 accounts came latest: 52 days after the end of the period.
Position in the sector
83.0%
Higher solvency than 90% of companies in construction of buildings. Sector median 42.9% · 9,456 companies.
Checked score
67
Healthy
Financially stronger than 85% of micro companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.9%
01-2025: 3.9%● unchanged vs 12-2024
02-2025: 4.1%▲ +0.2 percentage points vs 01-2025
03-2025: 4.2%▲ +0.1 percentage points vs 02-2025
04-2025: 4.2%● unchanged vs 03-2025
05-2025: 4.2%● unchanged vs 04-2025
06-2025: 4.2%● unchanged vs 05-2025
07-2025: 4.4%▲ +0.2 percentage points vs 06-2025
08-2025: 4.8%▲ +0.4 percentage points vs 07-2025highest value
09-2025: 1.0%▼ -3.8 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025lowest value
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.1%▲ +0.1 percentage points vs 03-2026
05-2026: 1.2%▲ +0.1 percentage points vs 04-2026
06-2026: 1.1%▼ -0.1 percentage points vs 05-2026
07-2026: 1.3%▲ +0.2 percentage points vs 06-2026
08-2026: 1.9%▲ +0.6 percentage points vs 07-2026
09-2026: 2.1%▲ +0.2 percentage points vs 08-2026
10-2026: 1.4%▼ -0.7 percentage points vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
Size: total assets €102,003
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Liquidity: current ratio 5.57, cash €32,000
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 92% of them on solvency, 87% on liquidity, 83% on profitability and 77% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as NOVASTRUCT has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NOVASTRUCT itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for NOVASTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.57 (4.37 in 2024), above the usual 1.5. Short-term debt is 17% and cash 31.4% of total assets. 17% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 52 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
52 days late
2024
12 days late
2023
69 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 2 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 August (3 of the last 3 accounts filed within 80 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803723192
Incorporation
Founding capital of €5,000, 100 shares · Founder: NOVAC Nicusor Valentin (comparant,oprichter) · Appointment: NOVAC Nicusor Valentin (director) · published on 11-07-2023 · Gazette deed
First establishment
Geraardsbergsesteenweg 1, Pajottegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NOVASTRUCT Pajottegem | €102,003 | €36,137 | 83.0% | - |
| Renov-Bouw Dilbeek | €106,750 | €33,467 | 39.6% | - |
| A&G BUILD SERVICE Ternat | €111,653 | €34,011 | 6.7% | - |
| CAILLOUX Wezembeek-Oppem | €89,673 | €36,545 | 37.2% | - |
| ECREN COMPANY Grimbergen | €98,791 | €39,193 | 13.3% | - |
| DACH façade & toiture Zaventem | €87,567 | €37,745 | 71.2% | - |
| FJC Construction Wezembeek-Oppem | €92,219 | €43,544 | 43.9% | - |
These companies have the same main activity as NOVASTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €87,600 and €112,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 07-07-2023Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 5 others
- Establishment unit
- 2.355.982.4211541 Pajottegem, since 07-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Annual accounts 2025
- €36,137▼ 26.3%
- €25,473▼ 29.8%
- €84,661▲ 43.0%
- €102,003▲ 37.9%
- Filing
- Filed on 21-09-2026
Insights on NOVASTRUCT
NOVASTRUCT files the micro format. That format states no turnover. The gross margin rose from €30,780 in 2023 to €36,137 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 21-09-2026, 52 days late€36,137
▼ 26.3%
€32,128
▼ 29.3%
€25,473
▼ 29.8%
€79,302
▲ 58.9%
83.0%
▲ 3.0 percentage points
5.57
▲ 1.20
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €140,000 and €450,000.
Balance sheet
balance sheet total €102,003 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
83.0%
Higher than 90% of 9,456 companies in 2025.
5.57
Higher than 89% of 9,204 companies in 2025.
25.0%
Higher than 80% of 9,276 companies in 2025.
NOVASTRUCT
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
102,003 | 73,985 | 31,455 | |
21/28 |
5,359 | 9,275 | - | |
22/27 |
5,359 | 9,275 | - | |
24 |
5,359 | 9,275 | - | |
29/58 |
96,644 | 64,709 | 31,455 | |
40/41 |
64,281 | 36,575 | 31,455 | |
40 |
61,700 | 35,449 | 31,455 | |
41 |
2,581 | 1,127 | - | |
54/58 |
32,000 | 27,851 | - | |
490/1 |
363 | 283 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
102,003 | 73,985 | 31,455 | |
10/15 |
84,661 | 59,188 | 22,905 | |
14 |
84,661 | 59,188 | 22,905 | |
17/49 |
17,342 | 14,797 | 8,550 | |
42/48 |
17,342 | 14,797 | 8,550 | |
44 |
1,770 | - | 224 | |
440/4 |
1,770 | - | 224 | |
45 |
15,572 | 14,797 | 5,726 | |
450/3 |
15,572 | 14,797 | 5,726 | |
47/48 |
- | - | 2,600 | |
| Income statement | ||||
9900 |
36,137 | 49,052 | 30,780 | |
630 |
3,916 | 2,581 | - | |
631/4 |
- | - | 2,149 | |
640/8 |
93 | 1,030 | - | |
9901 |
32,128 | 45,441 | 28,631 | |
65/66B |
153 | 88 | - | |
65 |
153 | 88 | - | |
9903 |
31,975 | 45,353 | 28,631 | |
67/77 |
6,501 | 9,071 | 5,726 | |
9904 |
25,473 | 36,283 | 22,905 | |
9905 |
25,473 | 36,283 | 22,905 | |
| Appropriation of the result | ||||
9906 |
84,661 | 59,188 | 22,905 | |
14P |
59,188 | 22,905 | - | |
| Document | ||||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 21-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 52 days after the deadline. Filed on 21 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00517845.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 36,044 | 48,022 | - | ||
| 29,390 | 38,864 | - | ||
| 0 | 11,856 | - | ||
| 4,150 | - | - | ||
| 79,302 | 49,912 | 22,905 | ||
| 83.0% | 80.0% | 72.8% | ||
| 5.57 | 4.37 | 3.68 | ||
| 0.20 | 0.25 | 0.37 | ||
| 30.1% | 61.3% | 100.0% | ||
| 25.0% | 49.0% | 72.8% | ||
| over 100 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €11,856 | - |
| €3,916 | €2,581 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on NOVASTRUCT
The operating result for 2025 is 29% lower than in 2024.
Debt's share of the balance-sheet total falls from 20.0% to 17.0%. Equity and debt are higher.
Board & ownership
Board
1 office holder, since incorporationDirector (not named in the articles)
appointed by deed of 11-07-2023
term without a fixed end
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “TITEL IV. BESTUUR - CONTROLE Artikel 10. Bestuursorgaan De vennootschap wordt bestuurd door één of meer bestuurders, natuurlijke personen of…”deed of 11-07-2023
Mandates through the years
1 name, the dashed line is todayNOVAC Nicusor Valentin
Director (not named in the articles)
Director (not named in the articles)
Other function
Mandates as a list
- NOVAC Nicusor Valentin
- Director (not named in the articles), from 07-07-2023 to date
Control
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- €847 in 2025
- Source
- deed of 11-07-2023
Articles of association
deed of 11-07-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of June at 18:00
Shareholders
At incorporation
deed of 11-07-2023 ↗
- NOVAC Nicusor Valentin 100 shares (100%) · €5,000
Network & group
No group
NOVASTRUCT has no parent and no holdings in its annual accounts. NOVASTRUCT shares no director with another company.
Timeline
Timeline
7 events since 2023Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 52 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0803723192
Annual accounts 2024 filed PDFmicro format · 12 days late
2024
Highest result from 2023 to 2025 net €36,283 ▲58.4% The operating result of €45,441 and the net result of €36,283 are both a record.
Annual accounts 2023 filed PDFmicro format · 69 days before the deadline
2023
IncorporationFounding capital of €5,000, 100 shares · Founder: NOVAC Nicusor Valentin (comparant,oprichter) · Appointment: NOVAC Nicusor Valentin (director) · published on 11-07-20235 points ▸
- Founder, NOVAC Nicusor Valentin (comparant,oprichter)
- Founding capital, €5,000, 100 shares
- NOVAC Nicusor Valentin holds 100 shares
- Registered office clause, Geraardsbergsesteenweg 1, 1540 Herne
- Director appointment, NOVAC Nicusor Valentin (director (not named in the articles))
- The deed holds 5 more points.
First establishment Geraardsbergsesteenweg 1, Pajottegem
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0803.723.192
- VAT number
- BE 0803.723.192
- Peppol ID
- 0208:0803723192
- Other Peppol ID
- 9925:BE0803723192
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 07-07-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of June at 18:00deed of 11-07-2023 (in Dutch)
- Peppol
- Reachable since 18-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- NOVASTRUCT in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 11-07-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 11-07-2023 (in Dutch)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
42911
Civil engineering
43120
Site preparation
Codes under NACEBEL 2008
41201
General construction of buildings main activity
41203
Construction of residential and non-residential buildings
42911
Civil engineering
43120
Site preparation
43991
Specialised construction activities
81210
General cleaning of buildings
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Algemene bouwsector,bouwsector,alle renovatie van gebouwen; Bouw van residentiële en niet-residentiële gebouwen…”deed of 11-07-2023 (in Dutch)
17 activities
- Algemene bouwsector,bouwsector,alle renovatie van gebouwen.
- Bouw van residentiële en niet-residentiële gebouwen
- Loodgieterij,sanitair,zinkwerk,bouw,verbouwing,renovatie,algemene bouwwerken in al hun vormen,leggen van parket,isolatie,architectuur,afbraakwerken,schilderwerken,schrijnwerkerij,elektriciteit,leggen van tegels,metselwerk,stukadoren,cementeren,installatie van centrale verwarming,ventilatiesystemen
- Diverse handel in bouwmaterialen,elektrische en elektronische apparatuur,sanitair en sanitair
- Aanleg en onderhoud van tuinen
- Houtbewerking en vervaardiging van hout- en kurkproducten
- Vervaardiging en montage van metalen,pvc en houten frames
- Diverse timmerwerkzaamheden,vervaardiging,montage en installatie
- Onderhoud en schoonmaak van kantoren,industriële of commerciële gebouwen,huizen,flats,glazenwassen enz;
- Bedrijfsondersteunende activiteiten
- Koerier
- Transport van goederen en mensen
- Verschillende commerciële verkoopactiviteiten
- Verkoop op afstand,online verkoop
- Diverse verkopen,display
- Voedselbereiding,catering
- Alle activiteiten verbonden met de horeca
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Geraardsbergsesteenweg 1 registered office 1541 Pajottegem | 07-07-2023 | 2.355.982.421 |
Buildings and parcels at the address
- Ground area
- 1,932 m²
- Buildings
- 215 m²
- Volume, LiDAR
- 919 m³
- Tallest building
- 10.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23076C0518/00G002 | 1,932 m² | 1 · 215 m² | 10.5 m · 1 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0803.723.192