NOVESCO
ActiveSummary
NOVESCO has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€117,422) and a net result of -€1,546. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 660 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Age of the figures
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€117,422
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
100 d early
2023
62 d early
2022
34 d early
2021
16 d early
2020
4 d early
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 40% of the sector filed late.
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. Usually files around 27 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€117,422▼ 1.3%
2024 · -€115,876
Total assets
€189▼ 76.7%
2024 · €810
Net result
-€1,546▲ 18.9%
2024 · -€1,906
Working capital
-€117,530▼ 1.1%
2024 · -€116,295
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,144-€8,643-€9,954▼ 15.2%-€1,802▲ 81.9%-€1,417▲ 21.4%
Net result€479below the sector's middle half-€9,210below the sector's middle half-€10,388below the sector's middle half▼ 12.8%-€1,906within the sector's middle half▲ 81.7%-€1,546within the sector's middle half▲ 18.9%
Equity-€94,373below the sector's middle half▲ 0.5%-€103,583below the sector's middle half▼ 9.8%-€113,971below the sector's middle half▼ 10.0%-€115,876below the sector's middle half▼ 1.7%-€117,422below the sector's middle half▼ 1.3%
Total assets€29,120below the sector's middle half▼ 5.2%€16,342below the sector's middle half▼ 43.9%€5,881below the sector's middle half▼ 64.0%€810below the sector's middle half▼ 86.2%€189below the sector's middle half▼ 76.7%
Debt€123,494▼ 1.6%€119,925▼ 2.9%€119,851▼ 0.1%€116,686▼ 2.6%€117,611▲ 0.8%
Working capital-€95,722below the sector's middle half▼ 0.9%-€104,622below the sector's middle half▼ 9.3%-€114,699below the sector's middle half▼ 9.6%-€116,295below the sector's middle half▼ 1.4%-€117,530below the sector's middle half▼ 1.1%
Solvency-324.1%below the sector's middle half▼ 15.2pp-633.9%below the sector's middle half▼ 309.8pp
Current ratio0.22below the sector's middle half▼ 0.020.13below the sector's middle half▼ 0.100.04below the sector's middle half▼ 0.08
Return on assets (ROA)1.6%within the sector's middle half▲ 28.8pp-56.4%below the sector's middle half▼ 58.0pp-176.6%below the sector's middle half▼ 120.3pp
Staff (FTE)0.5below the sector's middle half=0.5below the sector's middle half=0.5below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 32, Other manufacturing, each year against the same schema; no band under 30 filings.
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 €1,417 in 2025 against €1,802 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €189
Fixed assets
€108 ▼ 74.2%
Current assets
€81 ▼ 79.4%
Key figures and ratios
EBITDA
-€1,107▲
2024 · -€1,492
Cash flow
-€1,236▲
2024 · -€1,595
Interest coverage
-8.58▲
2024 · -14.42
Debt ≤ 1 year
€117,611▲
2024 · €116,686
Staff costs
€0▲
2024 · -€58
Ratios withheld: a balance sheet total of €189 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,639 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €28,166 | €29,538 | €30,491 | -€58 | €0 | ▲ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €202 | €310 | €310 | €310 | €310 | = |
| Other operating charges640/8 | €493 | €460 | €549 | €0 | €1,041 | - |
| Non-recurring operating charges66A | - | - | - | €355 | €0 | ▼ 100% |
| Gross operating margin9900 | €30,005 | €21,665 | €21,397 | -€1,195 | -€66 | ▲ 94.5% |
| Operating profit (loss)9901 | €1,144 | -€8,643 | -€9,954 | -€1,802 | -€1,417 | ▲ 21.4% |
| Financial income75/76B | €43 | €17 | €45 | €0 | - | - |
| Recurring financial income75 | €43 | €17 | €45 | €0 | - | - |
| Financial charges65/66B | €546 | €584 | €479 | €104 | €129 | ▲ 24.6% |
| Recurring financial charges65 | €546 | €584 | €479 | €104 | €129 | ▲ 24.6% |
| Profit (loss) for the period before taxes9903 | €641 | -€9,210 | -€10,388 | -€1,906 | -€1,546 | ▲ 18.9% |
| Income taxes67/77 | €162 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €479 | -€9,210 | -€10,388 | -€1,906 | -€1,546 | ▲ 18.9% |
| Transfer from tax-exempt reserves789 | €1,521 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €2,000 | -€9,210 | -€10,388 | -€1,906 | -€1,546 | ▲ 18.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29,120 | €16,342 | €5,881 | €810 | €189 | ▼ 76.7% |
| Fixed assets21/28 | €1,349 | €1,039 | €728 | €418 | €108 | ▼ 74.2% |
| Tangible fixed assets22/27 | €1,349 | €1,039 | €728 | €418 | €108 | ▼ 74.2% |
| Furniture and vehicles24 | €1,349 | €1,039 | €728 | €418 | €108 | ▼ 74.2% |
| Current assets29/58 | €27,771 | €15,303 | €5,152 | €392 | €81 | ▼ 79.4% |
| Stocks and contracts in progress3 | €17,130 | €10,016 | €0 | - | - | - |
| Stocks30/36 | €17,130 | €10,016 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €3,058 | €2,424 | €4,319 | €0 | - | - |
| Trade receivables40 | €3,058 | €2,420 | €4,319 | €0 | - | - |
| Other amounts receivable41 | €0 | €4 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €7,584 | €2,863 | €833 | €392 | €81 | ▼ 79.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29,120 | €16,342 | €5,881 | €810 | €189 | ▼ 76.7% |
| Equity10/15 | -€94,373 | -€103,583 | -€113,971 | -€115,876 | -€117,422 | ▼ 1.3% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | €1,677 | €1,677 | €1,677 | €1,677 | €1,677 | = |
| Non-distributable reserves130/1 | €751 | €751 | €0 | - | - | - |
| Reserves not available under the articles1311 | €751 | €751 | €0 | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €926 | €926 | €1,677 | €1,677 | €1,677 | = |
| Profit (loss) carried forward14 | -€296,050 | -€305,260 | -€315,648 | -€317,554 | -€319,100 | ▼ 0.5% |
| Amounts payable17/49 | €123,494 | €119,925 | €119,851 | €116,686 | €117,611 | ▲ 0.8% |
| Amounts payable within one year42/48 | €123,494 | €119,925 | €119,851 | €116,686 | €117,611 | ▲ 0.8% |
| Trade debts44 | €7,067 | €5,828 | €4,813 | €1,703 | €0 | ▼ 100% |
| Suppliers440/4 | €7,067 | €5,828 | €4,813 | €1,703 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €9,328 | €9,152 | €2,384 | €0 | - | - |
| Taxes450/3 | €2,350 | €1,912 | €2,384 | €0 | - | - |
| Remuneration and social security454/9 | €6,978 | €7,241 | €0 | - | - | - |
| Other amounts payable47/48 | €107,098 | €104,944 | €112,654 | €114,984 | €117,611 | ▲ 2.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €479 | -€9,210 | -€10,388 | -€1,906 | -€1,546 | ▲ 18.9% |
| + Depreciation and write-downs630 | €202 | €310 | €310 | €310 | €310 | = |
| Operating cash flow (approximation) | €681 | -€8,900 | -€10,078 | -€1,595 | -€1,236 | ▲ 22.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€4,721 | -€2,030 | -€441 | -€311 | ▲ 29.6% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€10,388
Net result drops to -€10,388, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €479
Net result €479 after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1993
Ground area
3,070 m²
Building footprint
345 m²
Parcel 34026A0518/00W004, Flanders. Linked by address, not a title deed.
1 establishment unit
NOVESCO
since 19932.023.608.951
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0518/00W004 | Flanders | 3,070 m² | 1 · 345 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Similar companies · same sector and region
ACUNIA INTERNATIONAL
BE 0452.215.285
Ieper
ANTTRON
BE 0443.056.507
Torhout
BARCO
BE 0473.191.041
Kortrijk
CHAMPION FEED
BE 0893.487.685
Gistel
DELPRO SOLUTIONS
BE 0862.370.778
Ieper
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 194 companies in sector 32300 we hold annual accounts for 96. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
32300Other manufacturing
47120Other non-specialised retail sale
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425080625
Registered
16-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.