NOVITECH
ActiveSummary
The computed 12-month bankruptcy probability of NOVITECH is 2.2% (moderate). The 2025 annual accounts show equity of €214k and a net result of €100k. Equity is growing by ~65.7% per year across the filed fiscal years. Its solvency ranks better than 26% of 27786 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-17
Solvency49▼-51
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 3.94 in 2024; short-term debt: 20.3% and cash: 23.8% of total assets), but 75.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
24.4%
Return on assets
11.4%
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 22-12-2025, 40 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
40 d early
2024
26 d early
2023
40 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€214k▲ 88.0%
2024 · €114k
2023: €64k
2024: €114k
2023 → 2025
Total assets
€879k▲ 476%
2024 · €153k
2023: €110k
2024: €153k
2023 → 2025
Net result
€100k▲ 103%
2024 · €49k
2023: €59k
2024: €49k
2023 → 2025
Working capital
€152k▲ 33.8%
2024 · €114k
2023: €64k
2024: €114k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€64k-€114k▲ 76.8%€214k▲ 88.0%
Operating result€87k-€73k▼ 16.5%€143k▲ 97.0%
Net result€59k-€49k▼ 16.7%€100k▲ 103%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 97% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €879k
Fixed assets
€548k
Current assets
€331k
Equity and liabilities €879k
Equity
€214k ▲ 88.0%
Debt
€665k ▲ 1,615%
Debt's share of the balance-sheet total rises from 25.4% to 75.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€174k
Cash flow
€131k
Current ratio
1.85▼
2024 · 3.94
Quick ratio
1.76▼
2024 · 3.63
Debt to equity
3.11▲
2024 · 0.34
ROE
46.8%▲
2024 · 43.4%
ROA
11.4%▼
2024 · 32.4%
Interest coverage
10.26
Debt ≤ 1 year
€178k▲
2024 · €39k
Debt > 1 year
€487k
Income taxes
€26k▲
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€153k€879k▲
Fixed assets21/28-€548k
Tangible fixed assets22/27-€548k
Land and buildings22-€516k
Plant, machinery and equipment23-€4k
Furniture and vehicles24-€28k
Current assets29/58€153k€331k▲
Stocks and contracts in progress3€12k€16k▲
Stocks30/36€12k€16k▲
Amounts receivable within one year40/41€102k€103k▲
Trade receivables40€92k€64k▼
Other amounts receivable41€10k€39k▲
Cash at bank and in hand54/58€37k€209k▲
Deferred charges and accrued income490/1€837€2k▲
Equity and liabilities
Total equity and liabilities10/49€153k€879k▲
Equity10/15€114k€214k▲
Contributions10/11€5k€5k=
Reserves13€109k€209k▲
Distributable reserves133€109k€209k▲
Amounts payable17/49€39k€665k▲
Amounts payable after more than one year17-€487k
Financial debts170/4-€487k
Amounts payable within one year42/48€39k€178k▲
Current portion of amounts payable after more than one year42-€32k
Trade debts44€15k€120k▲
Suppliers440/4€15k€120k▲
Taxes, remuneration and social security45€24k€26k▲
Taxes450/3€24k€26k▲
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€31k
Other operating charges640/8€1k€603▼
Gross operating margin9900€74k€175k▲
Operating profit (loss)9901€73k€143k▲
Financial income75/76B€219€43▼
Recurring financial income75€219€43▼
Financial charges65/66B€125€17k▲
Recurring financial charges65€125€17k▲
Profit (loss) for the period before taxes9903€73k€127k▲
Income taxes67/77€23k€26k▲
Profit (loss) for the period9904€49k€100k▲
Profit (loss) for the period to be appropriated9905€49k€100k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€100k▲
Transfer to equity691/2€49k€100k▲
To other reserves6921€49k€100k▲
The notes to these accounts (7 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
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2023net €100k ▲103%
Operating result €143k, net result €100k, both a record.
30-06
Financial
Equity above €200kEq €214k ▲88%
3 profitable years in a row build equity to €214k.
05-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €49k ▼16.7%
Net result drops to €49k, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €100kEq €114k ▲76.8%
2 profitable years in a row build equity to €114k.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · 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, Bree · 1 establishment unit since 2022
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.
Kipdorpstraat 543960 BreeGround area
3,475 m²
Building footprint
2,777 m²
Parcel 72004C0333/00W025, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
NOVITECH
since 20222.332.498.028
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72004C0333/00W025 | Flanders | 3,475 m² | 1 · 2,777 m² | 0.1 m |
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.
Similar companies · same sector, comparable size
LBK
BE 0461.272.117
Antwerpen · Eq €213,919
DIERCK
BE 0892.610.628
Sint-Agatha-Berchem · Eq €213,810
DRS Solutions
BE 0724.622.266
Genk · Eq €213,723
GROB TECHNICS
BE 0881.198.973
Kapellen · Eq €214,328
GST Technology
BE 0672.570.680
Nazareth-De Pinte · Eq €213,690
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,167 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-05-2022
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.