Novubuild
ActiveSummary
The computed 12-month bankruptcy probability of Novubuild is 2.6% (moderate). The 2024 annual accounts show equity of €13k and a net result of €6k. Equity is growing by ~77.8% per year across the filed fiscal years. Its solvency ranks better than 15% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+18
Solvency36▲+8
Growth61=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 0.99 in 2023; short-term debt: 88.9% and cash: 17.5% of total assets), and 88.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
11.1%
Return on assets
5.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
1 d early
2022
on the day
2021
34 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€842k▲ 44.0%
2022 · €585k
2021: €876khighest in 3 years
2022: €585k▼ -33.2% vs 2021lowest in 3 years
2023: €842k▲ +44.0% vs 2022
2021 → 2023
EBIT margin
0.9%▲ 0.8pp
2022 · 0.1%
2021: 0.5%
2022: 0.1%▼ -79.1% vs 2021lowest in 3 years
2023: 0.9%▲ +726% vs 2022highest in 3 years
2021 → 2023
Net result
€6k▲ 0.3%
2023 · €6k
2021: €3k
2022: €-2k▼ -170% vs 2021lowest in 4 years
2023: €6k▲ +417% vs 2022
2024: €6k▲ +0.3% vs 2023highest in 4 years
2021 → 2024
Working capital
€3k
2023 · €-2k
2021: €-17k
2022: €-18k▼ -5.5% vs 2021lowest in 4 years
2023: €-2k▲ +91.4% vs 2022
2024: €3k▲ +270% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€876k-€585k▼ 33.2%€842k▲ 44.0%
2021: €876khighest in 3 years
2022: €585k▼ -33.2% vs 2021lowest in 3 years
2023: €842k▲ +44.0% vs 2022
Equity€3k-€808▼ 69.8%€7k▲ 732%€13k▲ 88.2%
2021: €3k
2022: €808▼ -69.8% vs 2021lowest in 4 years
2023: €7k▲ +732% vs 2022
2024: €13k▲ +88.2% vs 2023highest in 4 years
Operating result€4k-€612▼ 86.1%€7k▲ 1,089%€9k▲ 20.4%
2021: €4k
2022: €612▼ -86.1% vs 2021lowest in 4 years
2023: €7k▲ +1089% vs 2022
2024: €9k▲ +20.4% vs 2023highest in 4 years
Net result€3k-€-2k€6k€6k▲ 0.3%
2021: €3k
2022: €-2k▼ -170% vs 2021lowest in 4 years
2023: €6k▲ +417% vs 2022
2024: €6k▲ +0.3% vs 2023highest in 4 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 20% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €114k
Fixed assets
€10k ▼ 31.2%
Current assets
€104k ▼ 49.8%
Equity and liabilities €114k
Equity
€13k ▲ 88.2%
Debt
€101k ▼ 52.9%
Debt's share of the balance-sheet total falls from 97.0% to 88.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21k▲
2023 · €14k
Cash flow
€18k▲
2023 · €13k
Current ratio
1.03▲
2023 · 0.99
Quick ratio
1.01▲
2023 · 0.98
Debt to equity
8.02▼
2023 · 32.02
ROE
46.9%▼
2023 · 88.0%
ROA
5.2%▲
2023 · 2.7%
Interest coverage
28.59▲
2023 · 12.26
Debt ≤ 1 year
€101k▼
2023 · €209k
Income taxes
€2k▲
2023 · €211
Staff costs
€46k▼
2023 · €126k
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 · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€222k€114k▼
Fixed assets21/28€15k€10k▼
Tangible fixed assets22/27€15k€10k▼
Plant, machinery and equipment23€10k€3k▼
Furniture and vehicles24€4k€7k▲
Current assets29/58€208k€104k▼
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€200k€82k▼
Trade receivables40€179k€69k▼
Other amounts receivable41€20k€13k▼
Cash at bank and in hand54/58€6k€20k▲
Equity and liabilities
Total equity and liabilities10/49€222k€114k▼
Equity10/15€7k€13k▲
Profit (loss) carried forward14€7k€13k▲
Amounts payable17/49€215k€101k▼
Amounts payable within one year42/48€209k€101k▼
Trade debts44€165k€72k▼
Suppliers440/4€165k€72k▼
Taxes, remuneration and social security45€9k€5k▼
Remuneration and social security454/9€9k€5k▼
Other amounts payable47/48€35k€25k▼
Accrued charges and deferred income492/3€6k-
Income statement
Code20232024
Turnover70€842k-
Goods, raw materials, services and sundry goods60/61€701k-
Remuneration, social security and pensions62€126k€46k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€12k▲
Other operating charges640/8€600€463▼
Gross operating margin9900€141k€67k▼
Operating profit (loss)9901€7k€9k▲
Financial charges65/66B€1k€722▼
Recurring financial charges65€1k€722▼
Profit (loss) for the period before taxes9903€6k€8k▲
Income taxes67/77€211€2k▲
Profit (loss) for the period9904€6k€6k▲
Profit (loss) for the period to be appropriated9905€6k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€13k▲
Profit (loss) brought forward from the previous period14P€808€7k▲
Social balance
Average headcount (FTE)90872.3-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €876k | €585k | €842k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €694k | €437k | €701k | - | - |
| Remuneration, social security and pensions62 | €162k | €130k | €126k | €46k | ▼ 63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €16k | €7k | €12k | ▲ 74.9% |
| Other operating charges640/8 | €355 | €167 | €600 | €463 | ▼ 22.8% |
| Gross operating margin9900 | €181k | €147k | €141k | €67k | ▼ 52.1% |
| Operating profit (loss)9901 | €4k | €612 | €7k | €9k | ▲ 20.4% |
| Financial charges65/66B | €2k | €726 | €1k | €722 | ▼ 37.1% |
| Recurring financial charges65 | €2k | €726 | €1k | €722 | ▼ 37.1% |
| Profit (loss) for the period before taxes9903 | €3k | €-114 | €6k | €8k | ▲ 31.1% |
| Income taxes67/77 | - | €2k | €211 | €2k | ▲ 897% |
| Profit (loss) for the period9904 | €3k | €-2k | €6k | €6k | ▲ 0.3% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-2k | €6k | €6k | ▲ 0.3% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €121k | €138k | €222k | €114k | ▼ 48.6% |
| Fixed assets21/28 | €28k | €19k | €15k | €10k | ▼ 31.2% |
| Tangible fixed assets22/27 | €28k | €19k | €15k | €10k | ▼ 31.2% |
| Plant, machinery and equipment23 | €17k | €13k | €10k | €3k | ▼ 70.2% |
| Furniture and vehicles24 | €10k | €6k | €4k | €7k | ▲ 56.6% |
| Current assets29/58 | €94k | €119k | €208k | €104k | ▼ 49.8% |
| Stocks and contracts in progress3 | €9k | €18k | €2k | €2k | = |
| Stocks30/36 | €9k | €18k | €2k | €2k | = |
| Amounts receivable within one year40/41 | €76k | €63k | €200k | €82k | ▼ 58.9% |
| Trade receivables40 | €57k | €51k | €179k | €69k | ▼ 61.7% |
| Other amounts receivable41 | €19k | €13k | €20k | €13k | ▼ 34.2% |
| Cash at bank and in hand54/58 | €9k | €14k | €6k | €20k | ▲ 244% |
| Deferred charges and accrued income490/1 | - | €24k | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €121k | €138k | €222k | €114k | ▼ 48.6% |
| Equity10/15 | €3k | €808 | €7k | €13k | ▲ 88.2% |
| Profit (loss) carried forward14 | €3k | €808 | €7k | €13k | ▲ 88.2% |
| Amounts payable17/49 | €119k | €137k | €215k | €101k | ▼ 52.9% |
| Amounts payable within one year42/48 | €111k | €137k | €209k | €101k | ▼ 51.5% |
| Trade debts44 | €74k | €96k | €165k | €72k | ▼ 56.2% |
| Suppliers440/4 | €74k | €96k | €165k | €72k | ▼ 56.2% |
| Taxes, remuneration and social security45 | €3k | €6k | €9k | €5k | ▼ 51.0% |
| Remuneration and social security454/9 | €3k | €6k | €9k | €5k | ▼ 51.0% |
| Other amounts payable47/48 | €35k | €35k | €35k | €25k | ▼ 28.9% |
| Accrued charges and deferred income492/3 | €8k | - | €6k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-2k | €6k | €6k | ▲ 0.3% |
| + Depreciation and write-downs630 | €15k | €16k | €7k | €12k | ▲ 74.9% |
| Operating cash flow (approximation) | €17k | €14k | €13k | €18k | ▲ 40.1% |
| Investment in fixed assets (approximation) | - | €-7k | €-2k | €-7k | ▼ 207% |
| Change in cash | - | €5k | €-8k | €14k | ▲ 278% |
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
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €6k ▲0.3%
Operating result €9k, net result €6k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Bornem · 1 establishment unit since 2020
Ground area
754 m²
Building footprint
177 m²
Volume, LiDAR
703 m³
Parcel 12007D0272/00B000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
LB Technics BV
since 20202.305.138.484
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007D0272/00B000 | Flanders | 754 m² | 1 · 177 m² | 6.6 m · 1 fl. |
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.
Similar companies · same sector, comparable size
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 6,160 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
Contact
Scores and ratios are computed by Checked and are not a credit decision.