NovelYeast
ActiveNovelYeast has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €330k and a net result of €336k. Equity is growing by ~47.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
73
/ 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
Profitability100▲+16
Solvency59▲+25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.2 in 2024; short-term debt: 33.2% and cash: 12.9% of total assets), but 65.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Sector 72
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
34.1%
Return on assets
34.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-07-2026, 26 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
26 d early
2024
22 d late
2023
5 d early
2022
32 d late
2021
16 d early
2020
1 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€330k▲ 863%
2024 · €34k
2020: €-5k
2021: €9k
2022: €26k
2023: €31k
2024: €34k
2020 → 2025
Total assets
€968k▲ 167%
2024 · €363k
2020: €71k
2021: €242k
2022: €332k
2023: €382k
2024: €363k
2020 → 2025
Net result
€336k▲ 674%
2024 · €43k
2020: €-11k
2021: €49k
2022: €17k
2023: €5k
2024: €43k
2020 → 2025
Working capital
€167k▲ 384%
2024 · €35k
2020: €42k
2021: €113k
2022: €123k
2023: €56k
2024: €35k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€26k▲ 191%€31k▲ 19.5%€34k▲ 10.9%€330k▲ 863%
Operating result€63k-€-45k€13k€50k▲ 293%€347k▲ 599%
Net result€49k-€17k▼ 65.7%€5k▼ 70.3%€43k▲ 762%€336k▲ 674%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 599% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €968k
Fixed assets
€480k▲ 203%
Current assets
€489k▲ 139%
Equity and liabilities €968k
Equity
€330k▲ 863%
Debt
€638k▲ 94.2%
The debt ratio falls from 90.6% to 65.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€420k▲
2024 · €92k
Cash flow
€409k▲
2024 · €85k
Solvency
34.1%▲
2024 · 9.4%
Current ratio
1.52▲
2024 · 1.20
Quick ratio
1.52▲
2024 · 1.20
Debt / equity
1.93▼
2024 · 9.60
ROE
101.7%▼
2024 · 126.6%
ROA
34.7%▲
2024 · 12.0%
Interest coverage
37.04▲
2024 · 14.39
Debt
€638k▲
2024 · €329k
Debt ≤ 1 year
€322k▲
2024 · €170k
Debt > 1 year
€317k▲
2024 · €123k
Income taxes
€71▲
2024 · €51
Staff costs
€930k▲
2024 · €657k
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€363k€968k▲
Fixed assets21/28€158k€480k▲
Tangible fixed assets22/27€158k€480k▲
Plant, machinery and equipment23€158k€415k▲
Furniture and vehicles24-€881
Other tangible fixed assets26-€64k
Current assets29/58€205k€489k▲
Amounts receivable within one year40/41€149k€305k▲
Trade receivables40€140k€280k▲
Other amounts receivable41€9k€25k▲
Cash at bank and in hand54/58€56k€125k▲
Deferred charges and accrued income490/1-€59k
Equity and liabilities
Total equity and liabilities10/49€363k€968k▲
Equity10/15€34k€330k▲
Contributions10/11€7k€7k=
Profit (loss) carried forward14€28k€324k▲
Amounts payable17/49€329k€638k▲
Amounts payable after more than one year17€123k€317k▲
Financial debts170/4€123k€317k▲
Amounts payable within one year42/48€170k€322k▲
Current portion of amounts payable after more than one year42€43k€140k▲
Trade debts44€6k€9k▲
Suppliers440/4€6k€9k▲
Taxes, remuneration and social security45€83k€113k▲
Taxes450/3€3k€864▼
Remuneration and social security454/9€80k€112k▲
Other amounts payable47/48€38k€60k▲
Accrued charges and deferred income492/3€36k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€657k€930k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€73k▲
Other operating charges640/8€387€400▲
Gross operating margin9900€749k€1.35M▲
Operating profit (loss)9901€50k€347k▲
Financial income75/76B€201€365▲
Recurring financial income75€201€365▲
Financial charges65/66B€6k€11k▲
Recurring financial charges65€6k€11k▲
Profit (loss) for the period before taxes9903€43k€336k▲
Income taxes67/77€51€71▲
Profit (loss) for the period9904€43k€336k▲
Profit (loss) for the period to be appropriated9905€43k€336k▲
Appropriation of the result
Profit (loss) to be appropriated9906€68k€364k▲
Profit (loss) brought forward from the previous period14P€24k€28k▲
Profit to be distributed694/7€40k€40k=
Return on contributions (dividend)694€40k€40k=
The notes to these accounts (11 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
05-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €336k ▲674%
Operating result €347k, net result €336k, both a record.
31-12
Financial
Equity above €200kEq €330k ▲863%
5 profitable years in a row build equity to €330k.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €49k
Net result €49k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Oud-Heverlee · 2 establishment units since 2019
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.
Banhagestraat 403052 Oud-HeverleeGround area
5,347 m²
Building footprint
1,647 m²
Volume, LiDAR
1,018 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
NovelYeast
since 20192.293.329.824
Gaston Geenslaan 3, 3001 Leuven
since 20212.315.817.491
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24013A0193/00M000 | Flanders | 3,050 m² | 1 · 163 m² | 9.4 m · 2 fl. |
| 24040B0218/00V002 | Flanders | 2,297 m² | 1 · 1,484 m² | 2.6 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 17 entries · 1,956,145 EUR awarded · 949,570 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 9 | 80,070 EUR | 533,570 EUR |
| 2024 | 3 | 1,455,980 EUR | 248,000 EUR |
| 2023 | 4 | 84,000 EUR | 101,000 EUR |
| 2022 | 1 | 336,095 EUR | 67,000 EUR |
Schemes
Onderzoeksproject
Baekeland-mandaat
O&O-haalbaarheidsstudie
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidies voor internationaal ondernemen
European Union, budget
2023 to 2025 · 2 entries · 568,063 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 1 | 325,823 EUR |
| 2023 | 1 | 242,240 EUR |
Projects
101214432 - LIGNOFUN - LIGNIN-BASED AROMATIC FUNNELLING TO HIGH-VALUE BIOCHEMICALS AND BIOMATERIALS PRODUCTION
101122303 - ICARUS - INTERNATIONAL COOPERATION FOR SUSTAINABLE AVIATION BIOFUELS
European research
3 projects · 764,560 EUR EU contributionProgrammes
HORIZON
h2020
Projects
LIGNin-based arOmatic FUNnelling to high-value biochemicals and biomaterials production
International cooperation for sustainable aviation biofuels
Development of competitive, next generation biofuels from municipal solid waste
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DOCTEUR ALAIN DELCOURT
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PRONAT
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Of 1,177 companies in sector 72109 we hold annual accounts for 715. 490 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-08-2019
Fiscal year end31-12
Activities, NACEBEL
72101Research and development on biotechnology
72109Other research and development on natural sciences
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.