NOVATIS
ActiveSummary
The computed 12-month bankruptcy probability of NOVATIS is 3.1% (moderate). The annual accounts of NOVATIS for fiscal year 2025 show a net loss of 75% of the equity at the start of that year. The 2025 annual accounts show equity of €2k and a net result of €-7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 2198 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-12
Solvency35▼-27
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.11 against 1.59 in 2024; short-term debt: 90% and cash: 16.8% of total assets), and 90% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
10%
Return on assets
-29.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year €-7k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 2198 sector peers (2025).
NBB · sector comparisonPosition among 2198 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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
21 d late
2024
21 d early
2023
131 d late
2022
142 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2k▼ 74.6%
2024 · €9k
2022: €5k
2023: €11k▲ +147% vs 2022highest in 4 years
2024: €9k▼ -21.7% vs 2023
2025: €2k▼ -74.6% vs 2024lowest in 4 years
2022 → 2025
Total assets
€23k▼ 5.3%
2024 · €24k
2022: €78khighest in 4 years
2023: €31k▼ -60.6% vs 2022
2024: €24k▼ -22.3% vs 2023
2025: €23k▼ -5.3% vs 2024lowest in 4 years
2022 → 2025
Net result
€-7k▼ 168%
2024 · €-2k
2022: €574
2023: €7k▲ +1072% vs 2022highest in 4 years
2024: €-2k▼ -137% vs 2023
2025: €-7k▼ -168% vs 2024lowest in 4 years
2022 → 2025
Working capital
€2k▼ 74.6%
2024 · €9k
2022: €5k
2023: €11k▲ +147% vs 2022highest in 4 years
2024: €9k▼ -21.7% vs 2023
2025: €2k▼ -74.6% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€5k-€11k▲ 147%€9k▼ 21.7%€2k▼ 74.6%
2022: €5k
2023: €11k▲ +147% vs 2022highest in 4 years
2024: €9k▼ -21.7% vs 2023
2025: €2k▼ -74.6% vs 2024lowest in 4 years
Operating result€2k-€7k▲ 305%€-2k€-5k▼ 95.2%
2022: €2k
2023: €7k▲ +305% vs 2022highest in 4 years
2024: €-2k▼ -133% vs 2023
2025: €-5k▼ -95.2% vs 2024lowest in 4 years
Net result€574-€7k▲ 1,072%€-2k€-7k▼ 168%
2022: €574
2023: €7k▲ +1072% vs 2022highest in 4 years
2024: €-2k▼ -137% vs 2023
2025: €-7k▼ -168% vs 2024lowest in 4 years
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 stays negative: a loss of €5k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €23k
Equity
€2k ▼ 74.6%
Debt
€20k ▲ 35.8%
Debt's share of the balance-sheet total rises from 62.8% to 90.0%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.11▼
2024 · 1.59
Debt to equity
9.03▲
2024 · 1.69
ROE
-293.5%▼
2024 · -27.8%
ROA
-29.3%▼
2024 · -10.3%
Debt ≤ 1 year
€20k▲
2024 · €15k
Income taxes
€2k▲
2024 · €-10
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 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€24k€23k▼
Current assets29/58€24k€23k▼
Amounts receivable within one year40/41€18k€19k▲
Trade receivables40€16k€16k=
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€24k€23k▼
Equity10/15€9k€2k▼
Contributions10/11€4k€4k=
Capital10€4k€4k=
Issued capital100€4k€4k=
Reserves13€7k€7k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€-2k€-9k▼
Amounts payable17/49€15k€20k▲
Amounts payable within one year42/48€15k€20k▲
Trade debts44€13k€19k▲
Suppliers440/4€13k€19k▲
Other amounts payable47/48€2k€1k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€2k€4k▲
Other operating charges640/8€50€565▲
Gross operating margin9900€-2k€-4k▼
Operating profit (loss)9901€-2k€-5k▼
Financial income75/76B€0€15▲
Recurring financial income75€0€15▲
Financial charges65/66B€48€91▲
Recurring financial charges65€48€91▲
Profit (loss) for the period before taxes9903€-2k€-5k▼
Income taxes67/77€-10€2k▲
Profit (loss) for the period9904€-2k€-7k▼
Profit (loss) for the period to be appropriated9905€-2k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-9k▼
Profit (loss) brought forward from the previous period14P-€-2k
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €2k | €4k | ▲ 75.5% |
| Other operating charges640/8 | €100 | €220 | €50 | €565 | ▲ 1,030% |
| Gross operating margin9900 | €2k | €8k | €-2k | €-4k | ▼ 75.5% |
| Operating profit (loss)9901 | €2k | €7k | €-2k | €-5k | ▼ 95.2% |
| Financial income75/76B | €0 | - | €0 | €15 | ▲ 4,466% |
| Recurring financial income75 | €0 | - | €0 | €15 | ▲ 4,466% |
| Financial charges65/66B | €1k | €692 | €48 | €91 | ▲ 92.4% |
| Recurring financial charges65 | €1k | €692 | €48 | €91 | ▲ 92.4% |
| Profit (loss) for the period before taxes9903 | €730 | €7k | €-2k | €-5k | ▼ 94.6% |
| Income taxes67/77 | €156 | - | €-10 | €2k | ▲ 18,318% |
| Profit (loss) for the period9904 | €574 | €7k | €-2k | €-7k | ▼ 168% |
| Profit (loss) for the period to be appropriated9905 | €574 | €7k | €-2k | €-7k | ▼ 168% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €78k | €31k | €24k | €23k | ▼ 5.3% |
| Fixed assets21/28 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - |
| Plant, machinery and equipment23 | €0 | - | - | - | - |
| Current assets29/58 | €78k | €31k | €24k | €23k | ▼ 5.3% |
| Stocks and contracts in progress3 | €950 | - | - | - | - |
| Stocks30/36 | €950 | - | - | - | - |
| Amounts receivable within one year40/41 | €77k | €28k | €18k | €19k | ▲ 5.6% |
| Trade receivables40 | €3k | €16k | €16k | €16k | = |
| Other amounts receivable41 | €74k | €11k | €2k | €3k | ▲ 44.3% |
| Cash at bank and in hand54/58 | €71 | €3k | €6k | €4k | ▼ 37.3% |
| Deferred charges and accrued income490/1 | - | €384 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €78k | €31k | €24k | €23k | ▼ 5.3% |
| Equity10/15 | €5k | €11k | €9k | €2k | ▼ 74.6% |
| Contributions10/11 | €4k | €4k | €4k | €4k | = |
| Capital10 | - | - | €4k | €4k | = |
| Issued capital100 | - | - | €4k | €4k | = |
| Reserves13 | - | €7k | €7k | €7k | = |
| Distributable reserves133 | - | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €574 | - | €-2k | €-9k | ▼ 268% |
| Amounts payable17/49 | €73k | €19k | €15k | €20k | ▲ 35.8% |
| Amounts payable within one year42/48 | €73k | €19k | €15k | €20k | ▲ 35.8% |
| Trade debts44 | €65k | €18k | €13k | €19k | ▲ 42.3% |
| Suppliers440/4 | €65k | €18k | €13k | €19k | ▲ 42.3% |
| Taxes, remuneration and social security45 | €156 | €156 | - | - | - |
| Taxes450/3 | €156 | €156 | - | - | - |
| Other amounts payable47/48 | €8k | €1k | €2k | €1k | ▼ 14.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €574 | €7k | €-2k | €-7k | ▼ 168% |
| Operating cash flow (approximation) | €574 | €7k | €-2k | €-7k | ▼ 168% |
| Change in cash | - | €3k | €3k | €-2k | ▼ 165% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 131 days late
2023
31-12
Financial
Highest result since 2022net €7k ▲1,072%
Operating result €7k, net result €7k, both a record.
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 142 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Chaudfontaine · 1 establishment unit since 2021
Ground area
1.3 ha
Building footprint
5,111 m²
Volume, LiDAR
64,519 m³
2 parcels, Wallonia · tallest building 20.0 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Rue Servais-Malaise 52, 4030 Liège
since 20212.334.635.194
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62302B0201/00N000 | Wallonia | 1.0 ha | 1 · 4,890 m² | 20.0 m · 4 fl. |
| 62012F0121/00T008 | Wallonia | 3,324 m² | 1 · 221 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
MBA WORKS
BE 1007.516.234
Anderlecht · Eq €2,242
LM Works
BE 1015.139.543
Brugge · Eq €2,236
MS Total Construct
BE 0794.988.838
Herentals · Eq €2,266
KAYA KARA
BE 0647.632.970
Elsene · Eq €2,227
DMS CONCEPT
BE 1003.782.922
Sambreville · Eq €2,224
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 3,698 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43320Joinery installation
46839Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.