NOVIFOR
ActiveNOVIFOR has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €897k and a net result of €23k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 157 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▼-12
Solvency90▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.46 in 2024; short-term debt: 35.4% and cash: 5.5% of total assets), and 35.4% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← 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
64.6%
Return on assets
1.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-01-2026, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
12 d early
2024
7 d early
2023
2 d early
2022
6 d early
2021
3 d early
2020
13 d early
2019
77 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€897k▲ 2.6%
2024 · €875k
2019: €713k
2020: €796k
2021: €818k
2022: €819k
2023: €820k
2024: €875k
2019 → 2025
Total assets
€1.39M▼ 0.5%
2024 · €1.40M
2019: €1.04M
2020: €1.31M
2021: €1.55M
2022: €1.45M
2023: €1.46M
2024: €1.40M
2019 → 2025
Net result
€23k▼ 59.0%
2024 · €55k
2019: €33k
2020: €83k
2021: €22k
2022: €913
2023: €898
2024: €55k
2019 → 2025
Working capital
€209k▼ 1.4%
2024 · €212k
2019: €412k
2020: €483k
2021: €348k
2022: €266k
2023: €211k
2024: €212k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€818k-€819k▲ 0.1%€820k▲ 0.1%€875k▲ 6.7%€897k▲ 2.6%
Operating result€41k-€19k▼ 52.3%€17k▼ 13.1%€81k▲ 377%€63k▼ 21.8%
Net result€22k-€913▼ 95.9%€898▼ 1.6%€55k▲ 6,026%€23k▼ 59.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.39M
Fixed assets
€688k▼ 5.0%
Current assets
€701k▲ 4.3%
Equity and liabilities €1.39M
Equity
€897k▲ 2.6%
Debt
€491k▼ 5.7%
The debt ratio falls from 37.3% to 35.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€135k▼
2024 · €150k
Cash flow
€94k▼
2024 · €125k
Solvency
64.6%▲
2024 · 62.7%
Current ratio
1.43▼
2024 · 1.46
Quick ratio
0.54▲
2024 · 0.51
Debt / equity
0.55▼
2024 · 0.60
ROE
2.5%▼
2024 · 6.3%
ROA
1.6%▼
2024 · 3.9%
Interest coverage
4.00▼
2024 · 5.14
Debt
€491k▼
2024 · €521k
Debt ≤ 1 year
€491k▲
2024 · €460k
Income taxes
€10k▲
2024 · €317
Staff costs
€562k▲
2024 · €490k
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€1.40M€1.39M▼
Fixed assets21/28€724k€688k▼
Intangible fixed assets21€6k€2k▼
Tangible fixed assets22/27€718k€686k▼
Land and buildings22€142k€142k▼
Plant, machinery and equipment23€524k€494k▼
Furniture and vehicles24€1k€7k▲
Other tangible fixed assets26€50k€42k▼
Financial fixed assets28€227€227=
Current assets29/58€672k€701k▲
Stocks and contracts in progress3€438k€433k▼
Stocks30/36€438k€433k▼
Amounts receivable within one year40/41€201k€175k▼
Trade receivables40€201k€175k▼
Other amounts receivable41€30€30=
Cash at bank and in hand54/58€18k€77k▲
Deferred charges and accrued income490/1€15k€16k▲
Equity and liabilities
Total equity and liabilities10/49€1.40M€1.39M▼
Equity10/15€875k€897k▲
Contributions10/11€496k€496k=
Capital10€496k€496k=
Issued capital100€496k€496k=
Reserves13€379k€402k▲
Non-distributable reserves130/1€19k€20k▲
Legal reserve130€19k€20k▲
Distributable reserves133€360k€382k▲
Amounts payable17/49€521k€491k▼
Amounts payable after more than one year17€61k-
Financial debts170/4€61k-
Amounts payable within one year42/48€460k€491k▲
Current portion of amounts payable after more than one year42€117k€61k▼
Financial debts43€294k€332k▲
Credit institutions430/8€294k€332k▲
Trade debts44€20k€20k▲
Suppliers440/4€20k€20k▲
Taxes, remuneration and social security45€22k€43k▲
Taxes450/3€6k€11k▲
Remuneration and social security454/9€16k€32k▲
Other amounts payable47/48€7k€35k▲
Income statement
Code20242025
Remuneration, social security and pensions62€490k€562k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€72k▲
Other operating charges640/8€17k€19k▲
Gross operating margin9900€657k€716k▲
Operating profit (loss)9901€81k€63k▼
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€29k€34k▲
Recurring financial charges65€29k€34k▲
Profit (loss) for the period before taxes9903€55k€32k▼
Income taxes67/77€317€10k▲
Profit (loss) for the period9904€55k€23k▼
Profit (loss) for the period to be appropriated9905€55k€23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€55k€23k▼
Transfer to equity691/2€55k€23k▼
To the legal reserve6920€3k€1k▼
To other reserves6921€52k€21k▼
Social balance
Average headcount (FTE)90876.87.7▲
The notes to these accounts (9 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
19-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet €898 ▼1.6%
Net result drops to €898, the lowest in the series; recovery starts the following year.
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Highest result since 2019net €83k ▲150%
Operating result €97k, net result €83k, both a record.
2019
15-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
01-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
07-12
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
3 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, Jabbeke · 1 establishment unit since 1989
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.
Cathilleweg 43B8490 JabbekeGround area
9,816 m²
Building footprint
3,037 m²
Volume, LiDAR
10,032 m³
2 parcels, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NOVIFOR NV
since 19892.046.163.035
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31032B0305/00X000 | Flanders | 6,214 m² | 1 · 1,619 m² | - |
| 31032B0305/00Y000 | Flanders | 3,602 m² | 1 · 1,418 m² | 11.0 m · 2 fl. |
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
2024 to 2025 · 2 entries · 84 EUR awarded · 84 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 59 EUR |
| 2024 | 1 | 84 EUR | 25 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 602 companies in sector 22260 we hold annual accounts for 282. 186 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-12-1989
Fiscal year end30-06
Activities, NACEBEL
22260Manufacture of rubber and plastic products
25240
43320Joinery installation
45421
47789Other retail sale of new goods
52498
Sources
Crossroads Bank for EnterprisesNational Bank · 35 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.