NOVEDAD
ActiveSummary
NOVEDAD has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€252,026) and a net result of -€22,372. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 14% of 21069 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- -€252,026
- Loss
- -€22,372
Why 53Capped at 59: negative equity- Negative equity -€252,026- Sector Retail trade (NACE 47)+ Size: total assets €798,862+ Founded in 1976Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Negative equity -€252,026 raises the probability
- Size: total assets €798,862 lowers the probability for this profile
- Sector Retail trade (NACE 47) raises the probability
- Founded in 1976 lowers the probability for this profile
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 6%, liquidity 16%, profitability 20%, growth against the median 26%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Financials · fiscal year 2025, micro schema
2021 to 2025, 5 fiscal years 2019 to 2025, 7 fiscal years
The operating result stays negative: a loss of €25,376 in 2025 against €12,544 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,242 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,197 | €24,180 | €22,873 | €22,926 | €23,109 | €21,233 | €21,704 | ▲ 2.2% |
| Other operating charges640/8 | - | - | - | €2,082 | €1,851 | €2,331 | €2,542 | ▲ 9.0% |
| Gross operating margin9900 | €23,397 | €26,849 | €18,696 | €15,204 | €30,867 | €11,021 | -€1,130 | ▼ 110% |
| Operating profit (loss)9901 | -€5,840 | €2,550 | -€5,998 | -€9,804 | €5,907 | -€12,544 | -€25,376 | ▼ 102% |
| Financial income75/76B | - | - | - | €33,237 | €471,000 | €773 | €3,106 | ▲ 302% |
| Recurring financial income75 | €13,273 | €14,752 | €16,792 | €33,237 | €471,000 | €773 | €3,106 | ▲ 302% |
| Financial charges65/66B | - | - | - | €186,063 | €6,514 | €50 | €103 | ▲ 106% |
| Recurring financial charges65 | €64 | €75 | €106 | €186,063 | €6,514 | €50 | €103 | ▲ 106% |
| Profit (loss) for the period before taxes9903 | €7,369 | €17,226 | €10,688 | -€162,630 | €470,393 | -€11,820 | -€22,372 | ▼ 89.3% |
| Income taxes67/77 | - | €2,209 | -€2,209 | - | €117,750 | - | - | - |
| Profit (loss) for the period9904 | €7,369 | €15,018 | €12,897 | -€162,630 | €352,643 | -€11,820 | -€22,372 | ▼ 89.3% |
| Profit (loss) for the period to be appropriated9905 | €7,369 | €15,018 | €12,897 | -€162,630 | €352,643 | -€11,820 | -€22,372 | ▼ 89.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.9m | €1.8m | €1.8m | €1.6m | €2.0m | €0.8m | €0.8m | ▼ 4.0% |
| Fixed assets21/28 | €1.7m | €1.6m | €1.6m | €1.6m | €1.6m | €0.6m | €0.6m | ▼ 2.0% |
| Tangible fixed assets22/27 | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 3.7% |
| Land and buildings22 | - | - | - | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | - | €0.004m | €0.003m | €0.003m | €0.007m | ▲ 157% |
| Furniture and vehicles24 | - | - | - | €0.001m | €0.001m | €0.001m | €417 | ▼ 32.4% |
| Financial fixed assets28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €0.3m | €0.3m | = |
| Current assets29/58 | €0.2m | €0.2m | €0.2m | €0.05m | €0.4m | €0.2m | €0.2m | ▼ 10.8% |
| Amounts receivable after more than one year29 | - | - | - | - | €0.03m | €0.01m | €0.01m | ▼ 16.4% |
| Trade receivables290 | - | - | - | - | €0.03m | €0.01m | €0.01m | ▼ 16.4% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.2m | €0.01m | €0.05m | €0.05m | €0.05m | ▼ 5.8% |
| Trade receivables40 | - | - | - | €0.008m | €0.02m | €0.02m | €0.02m | ▼ 15.1% |
| Other amounts receivable41 | - | - | - | €0.005m | €0.02m | €0.03m | €0.03m | ▲ 1.2% |
| Cash at bank and in hand54/58 | €0.008m | €0.009m | €0.02m | €0.04m | €0.3m | €0.1m | €0.1m | ▼ 12.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.9m | €1.8m | €1.8m | €1.6m | €2.0m | €0.8m | €0.8m | ▼ 4.0% |
| Equity10/15 | -€0.4m | -€0.4m | -€0.4m | -€0.6m | -€0.2m | -€0.2m | -€0.3m | ▼ 9.7% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Profit (loss) carried forward14 | -€0.5m | -€0.5m | -€0.5m | -€0.6m | -€0.3m | -€0.3m | -€0.3m | ▼ 7.3% |
| Amounts payable17/49 | €2.3m | €2.3m | €2.2m | €2.2m | €2.2m | €1.1m | €1.1m | ▼ 1.0% |
| Amounts payable within one year42/48 | €2.3m | €2.3m | €2.2m | €2.2m | €2.2m | €1.1m | €1.1m | ▼ 1.0% |
| Financial debts43 | - | - | - | €370 | €141 | €256 | €39 | ▼ 84.8% |
| Credit institutions430/8 | - | - | - | €370 | €141 | €256 | €39 | ▼ 84.8% |
| Trade debts44 | €0.008m | €0.005m | €0.005m | €0.003m | €0.004m | €0.003m | €34 | ▼ 98.9% |
| Suppliers440/4 | - | - | - | €0.003m | €0.004m | €0.003m | €34 | ▼ 98.9% |
| Other amounts payable47/48 | - | - | - | €2.2m | €2.2m | €1.1m | €1.1m | ▼ 0.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,369 | €15,018 | €12,897 | -€162,630 | €352,643 | -€11,820 | -€22,372 | ▼ 89.3% |
| + Depreciation and write-downs630 | €27,197 | €24,180 | €22,873 | €22,926 | €23,109 | €21,233 | €21,704 | ▲ 2.2% |
| Operating cash flow (approximation) | €34,566 | €39,198 | €35,770 | -€139,705 | €375,751 | €9,413 | -€669 | ▼ 107% |
| Investment in fixed assets (approximation) | - | €562 | €0 | -€6,000 | €5,000 | €899,025 | -€9,088 | ▼ 101% |
| Change in cash | - | €1,646 | €11,283 | €20,084 | €307,932 | -€222,734 | -€15,374 | ▲ 93.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector and region
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 3 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44802B0398/00B000 | Flanders | 143 m² | 1 · 129 m² | 13.7 m · 4 fl. |