NOVAZ
ActiveNOVAZ has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51k and a net result of €6k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 30% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▲+27
Solvency33▲+2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.41 against 0.63 in 2024; short-term debt: 75% and cash: 2.5% of total assets), and 92.2% 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
7.8%
Return on assets
1%
Age of the figures
9 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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
70 d late
2023
33 d late
2022
29 d late
2021
40 d early
2020
31 d late
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€51k▲ 14.4%
2024 · €45k
2018: €54k
2019: €49k
2020: €49k
2021: €39k
2022: €72k
2023: €92k
2024: €45k
2018 → 2025
Total assets
€649k▼ 12.9%
2024 · €745k
2018: €862k
2019: €980k
2020: €1.05M
2021: €1.03M
2022: €537k
2023: €591k
2024: €745k
2018 → 2025
Net result
€6k
2024 · €-48k
2018: €-6k
2019: €-5k
2020: €-25
2021: €-10k
2022: €33k
2023: €20k
2024: €-48k
2018 → 2025
Working capital
€-285k▼ 63.2%
2024 · €-175k
2018: €-93k
2019: €-218k
2020: €-28k
2021: €-337k
2022: €-141k
2023: €-123k
2024: €-175k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€72k▲ 86.6%€92k▲ 28.3%€45k▼ 51.8%€51k▲ 14.4%
Operating result€11k-€73k▲ 596%€34k▼ 53.1%€-49k€13k
Net result€-10k-€33k€20k▼ 39.1%€-48k€6k
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 returns to profit in 2025: €13k after a loss of €49k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €649k
Fixed assets
€448k▲ 0.8%
Current assets
€202k▼ 33.0%
Equity and liabilities €649k
Equity
€51k▲ 14.4%
Debt
€599k▼ 14.6%
The debt ratio falls from 94.0% to 92.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k▲
2024 · €-44k
Cash flow
€11k▲
2024 · €-43k
Solvency
7.8%▲
2024 · 6.0%
Current ratio
0.41▼
2024 · 0.63
Quick ratio
0.41▼
2024 · 0.63
Debt / equity
11.75▼
2024 · 15.73
ROE
12.6%▲
2024 · -107.3%
ROA
1.0%▲
2024 · -6.4%
Interest coverage
2.19▲
2024 · -24.82
Debt
€599k▼
2024 · €701k
Debt ≤ 1 year
€487k▲
2024 · €476k
Debt > 1 year
€112k▼
2024 · €225k
Income taxes
€598▲
2024 · €-2k
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€745k€649k▼
Fixed assets21/28€444k€448k▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27€444k€446k▲
Land and buildings22€432k€432k=
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€7k€11k▲
Current assets29/58€301k€202k▼
Amounts receivable within one year40/41€300k€182k▼
Trade receivables40€261k€77k▼
Other amounts receivable41€39k€105k▲
Cash at bank and in hand54/58€994€16k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€745k€649k▼
Equity10/15€45k€51k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€24k€30k▲
Amounts payable17/49€701k€599k▼
Amounts payable after more than one year17€225k€112k▼
Financial debts170/4€225k€112k▼
Amounts payable within one year42/48€476k€487k▲
Current portion of amounts payable after more than one year42€2k€0▼
Trade debts44€237k€90k▼
Suppliers440/4€237k€90k▼
Taxes, remuneration and social security45€589€598▲
Taxes450/3€589€598▲
Other amounts payable47/48€236k€397k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€23k€2k▼
Gross operating margin9900€-22k€20k▲
Operating profit (loss)9901€-49k€13k▲
Financial income75/76B€667€2k▲
Recurring financial income75€667€2k▲
Financial charges65/66B€2k€8k▲
Recurring financial charges65€2k€8k▲
Profit (loss) for the period before taxes9903€-50k€7k▲
Income taxes67/77€-2k€598▲
Profit (loss) for the period9904€-48k€6k▲
Profit (loss) for the period to be appropriated9905€-48k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€30k▲
Profit (loss) brought forward from the previous period14P€72k€24k▼
The notes to these accounts (10 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
31-12
Financial
Weakest financial yearnet €-48k ▼335%
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 33 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Back to profitnet €33k
Net result €33k after 4 loss-making years.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Destelbergen · 1 establishment unit since 2013
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.
Kleempendorp(HEU) 69070 DestelbergenGround area
189 m²
Building footprint
114 m²
Volume, LiDAR
765 m³
Parcel 44028C0156/00W000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kleempendorp(HEU) 6, 9070 Destelbergen
since 20132.223.725.196
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44028C0156/00W000 | Flanders | 189 m² | 1 · 114 m² | 10.1 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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Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,283 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-09-2013
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68110Buying and selling of own real estate
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.