Novigradus Management
ActiveNovigradus Management has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97k and a net result of €4k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 86% of 1894 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+73
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 5.27 against 0.55 in 2024; short-term debt: 11.3% and cash: 52.7% of total assets), and 11.3% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Sector 63
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
88.7%
Return on assets
3.3%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
27 d late
2023
58 d late
2022
18 d early
2021
2 d early
2020
4 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
€97k▲ 3.8%
2024 · €94k
2020: €21k
2021: €41k
2022: €102k
2023: €140k
2024: €94k
2020 → 2025
Total assets
€110k▼ 3.8%
2024 · €114k
2020: €32k
2021: €59k
2022: €166k
2023: €221k
2024: €114k
2020 → 2025
Net result
€4k
2024 · €-46k
2020: €16k
2021: €20k
2022: €62k
2023: €82k
2024: €-46k
2020 → 2025
Working capital
€53k
2024 · €-9k
2020: €-9k
2021: €13k
2022: €-28k
2023: €9k
2024: €-9k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€102k▲ 148%€140k▲ 36.8%€94k▼ 32.7%€97k▲ 3.8%
Operating result€26k-€88k▲ 232%€107k▲ 21.4%€-44k€4k
Net result€20k-€62k▲ 212%€82k▲ 32.2%€-46k€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4k after a loss of €44k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €110k
Fixed assets
€45k▼ 56.6%
Current assets
€65k▲ 479%
Equity and liabilities €110k
Equity
€97k▲ 3.8%
Debt
€12k▼ 39.2%
The debt ratio falls from 17.8% to 11.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▲
2024 · €-16k
Cash flow
€15k▲
2024 · €-18k
Solvency
88.7%▲
2024 · 82.2%
Current ratio
5.27▲
2024 · 0.55
Quick ratio
5.27▲
2024 · 0.55
Debt / equity
0.13▼
2024 · 0.22
ROE
3.7%▲
2024 · -48.7%
ROA
3.3%▲
2024 · -40.0%
Interest coverage
143.94▲
2024 · -14.03
Debt
€12k▼
2024 · €20k
Debt ≤ 1 year
€12k▼
2024 · €20k
Income taxes
€318▲
2024 · €128
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€114k€110k▼
Fixed assets21/28€103k€45k▼
Tangible fixed assets22/27€103k€45k▼
Land and buildings22€19k€18k▼
Plant, machinery and equipment23€11k€0▼
Furniture and vehicles24€73k€27k▼
Current assets29/58€11k€65k▲
Amounts receivable within one year40/41€577€6k▲
Trade receivables40€0-
Other amounts receivable41€577€6k▲
Cash at bank and in hand54/58€8k€58k▲
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€114k€110k▼
Equity10/15€94k€97k▲
Contributions10/11€5k€5k=
Reserves13€135k€92k▼
Distributable reserves133€135k€92k▼
Profit (loss) carried forward14€-46k€0▲
Amounts payable17/49€20k€12k▼
Amounts payable within one year42/48€20k€12k▼
Financial debts43€106€0▼
Other loans439€106€0▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€11k€10k▼
Taxes450/3€11k€10k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€6k€0▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A-€13k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€11k▼
Other operating charges640/8€2k€955▼
Non-recurring operating charges66A-€7k
Gross operating margin9900€-15k€23k▲
Operating profit (loss)9901€-44k€4k▲
Financial income75/76B€0€127▲
Recurring financial income75€0€127▲
Financial charges65/66B€1k€104▼
Recurring financial charges65€1k€104▼
Profit (loss) for the period before taxes9903€-46k€4k▲
Income taxes67/77€128€318▲
Profit (loss) for the period9904€-46k€4k▲
Profit (loss) for the period to be appropriated9905€-46k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-46k€-42k▲
Profit (loss) brought forward from the previous period14P-€-46k
Transfer from equity791/2-€46k
Transfer to equity691/2€0€4k▲
To other reserves6921€0€4k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (8 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-12
Financial
Liquidity times 10current ratio 5.27
Current ratio from 0.55 to 5.27; short-term debt falls from €20k to €12k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €-46k ▼155%
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Highest result since 2020net €82k ▲32.2%
Operating result €107k, net result €82k, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €102k ▲148%
3 profitable years in a row build equity to €102k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 8current ratio 1.73
Current ratio from 0.22 to 1.73.
27-07
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, Meise · 1 establishment unit since 2020
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.
Jan Hammeneckerstraat 671861 MeiseGround area
1,323 m²
Building footprint
142 m²
Volume, LiDAR
1,245 m³
Parcel 23093B0318/00P000, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Novigradus Management
since 20202.299.042.035
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23093B0318/00P000 | Flanders | 1,323 m² | 1 · 142 m² | 11.3 m · 3 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 130 EUR awarded · 130 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 130 EUR | 130 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,151 companies in sector 63920 we hold annual accounts for 1,523. 1,256 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-02-2020
Fiscal year end31-12
Activities, NACEBEL
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
82990Other business support services
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.