Novus Red
ActiveSummary
The computed 12-month bankruptcy probability of Novus Red is 1.8% (moderate). The 2025 annual accounts show equity of €189k and a net result of €104k. Equity is growing by ~62.8% per year across the filed fiscal years. Its solvency ranks better than 50% of 7453 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability99▲+63
Solvency69▲+30
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 4.86 against 5.67 in 2024; short-term debt: 20.5% and cash: 98.3% of total assets), but 56.3% 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 41
Relative position
BE, all sectors
reference
Sector 41
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
43.7%
Return on assets
24.1%
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 15-04-2026, 107 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
107 d early
2024
14 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€189k▲ 123%
2024 · €85k
2023: €83k
2024: €85k
2023 → 2025
Total assets
€433k▼ 28.3%
2024 · €604k
2023: €119k
2024: €604k
2023 → 2025
Net result
€104k▲ 4,683%
2024 · €2k
2023: €47k
2024: €2k
2023 → 2025
Working capital
€343k▼ 31.0%
2024 · €497k
2023: €80k
2024: €497k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€83k-€85k▲ 2.6%€189k▲ 123%
Operating result€60k-€8k▼ 86.4%€161k▲ 1,860%
Net result€47k-€2k▼ 95.3%€104k▲ 4,683%
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 1,860% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €433k
Fixed assets
€1k ▲ 89.7%
Current assets
€431k ▼ 28.5%
Equity and liabilities €433k
Equity
€189k ▲ 123%
Debt
€243k ▼ 53.1%
Debt's share of the balance-sheet total falls from 85.9% to 56.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€161k▲
2024 · €10k
Cash flow
€105k▲
2024 · €4k
Current ratio
4.86▼
2024 · 5.67
Debt to equity
1.29▼
2024 · 6.12
ROE
55.2%▲
2024 · 2.6%
ROA
24.1%▲
2024 · 0.4%
Interest coverage
6.61▲
2024 · 2.07
Debt ≤ 1 year
€89k▼
2024 · €106k
Debt > 1 year
€150k▼
2024 · €412k
Income taxes
€32k▲
2024 · €1k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€604k€433k▼
Fixed assets21/28€596€1k▲
Tangible fixed assets22/27€596€1k▲
Plant, machinery and equipment23€596€1k▲
Current assets29/58€603k€431k▼
Stocks and contracts in progress3€580k€0▼
Stocks30/36€580k€0▼
Amounts receivable within one year40/41€5k€5k▲
Trade receivables40€4k€5k▲
Other amounts receivable41€1k€53▼
Cash at bank and in hand54/58€18k€425k▲
Deferred charges and accrued income490/1€218€1k▲
Equity and liabilities
Total equity and liabilities10/49€604k€433k▼
Equity10/15€85k€189k▲
Contributions10/11€100€100=
Profit (loss) carried forward14€85k€189k▲
Amounts payable17/49€519k€243k▼
Amounts payable after more than one year17€412k€150k▼
Financial debts170/4€412k€150k▼
Amounts payable within one year42/48€106k€89k▼
Trade debts44€67k€23k▼
Suppliers440/4€67k€23k▼
Taxes, remuneration and social security45€29k€55k▲
Taxes450/3€24k€39k▲
Remuneration and social security454/9€5k€16k▲
Other amounts payable47/48€10k€10k▼
Accrued charges and deferred income492/3-€5k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€621▼
Other operating charges640/8€1k€990▼
Gross operating margin9900€11k€162k▲
Operating profit (loss)9901€8k€161k▲
Financial income75/76B€9€9▲
Recurring financial income75€9€9▲
Financial charges65/66B€5k€24k▲
Recurring financial charges65€5k€24k▲
Profit (loss) for the period before taxes9903€3k€136k▲
Income taxes67/77€1k€32k▲
Profit (loss) for the period9904€2k€104k▲
Profit (loss) for the period to be appropriated9905€2k€104k▲
Appropriation of the result
Profit (loss) to be appropriated9906€85k€189k▲
Profit (loss) brought forward from the previous period14P€83k€85k▲
The notes to these accounts (12 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
15-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €104k ▲4683%
Operating result €161k, net result €104k, both a record.
31-12
Financial
Equity above €150kEq €189k ▲123%
3 profitable years in a row build equity to €189k.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €2k ▼95.3%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
21-06
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
2 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, Antwerpen · 1 establishment unit since 2021
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.
Eduard Van Steenbergenlaan 502100 AntwerpenGround area
248 m²
Building footprint
80 m²
Volume, LiDAR
574 m³
Parcel 11346B0559/00F002, Flanders · tallest building 8.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Novus Vastgoed
since 20212.323.971.530
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0559/00F002 | Flanders | 248 m² | 1 · 80 m² | 8.7 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.
Similar companies · same sector, comparable size
ARIS CONSTRUCT
BE 0764.902.408
Sint-Pieters-Leeuw · Eq €189,204
TROBA GROUP
BE 0450.922.811
Aarschot · Eq €189,212
BUILDING GAB
BE 0759.874.739
Vilvoorde · Eq €189,237
A. JOOKEN & ZONEN
BE 0441.692.171
Hasselt · Eq €189,267
ENTREPRISE DE CONSTRUCTION BENJAMIN BRUYERE
BE 0456.805.959
Vielsalm · Eq €189,135
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 12,211 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
Founded08-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.