Financials
- Fiscal year
- 2025
- Turnover
- €5.6m
- Loss
- -€2.6m
- Solvency
- 37.4%
Turnover▲ 286%
Net result
20222025
NOWA
ActiveSummary
NOWA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.0m and a net result of -€2.6m. Equity is shrinking by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 49% of 5338 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Real estate agency activities
NACE 68310Development of residential building projects NACE 68121NACE 68311
#4 company by total assets in Mechelen, Real estate sector1 site
Size
€5.6mturnover 2025
- Staff
- 4.5 FTE
- Equity
- €9.0m
- Loss
- -€2.6m
Structure
- Parent
- Willemen Groep
- Holdings
- 5
Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts 22 d early1 of 23 deeds read
Why 81- Loss of €2.6m, the second in a row (FY 2025)- Liquidity: current ratio 1.03, cash €433,713+ Sector Real estate activities (NACE 68)+ Founded in 1990Show the evidence
Checked score
Score 2025
81
/ 100
Excellent
Probability in this band: under 0.55%
Better than 36% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
62-14
equity 37.4% of total assets
Liquidity
28-10
short-term debt 49.0% · cash 1.8%
Profitability
3-4
return on assets -10.8%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● 0.0% vs 11-2024
01-2025: 0.1%● 0.0% vs 12-2024
02-2025: 0.1%▼ -4.2% vs 01-2025lowest value
03-2025: 0.1%● 0.0% vs 02-2025lowest value
04-2025: 0.1%▲ +1.5% vs 03-2025
05-2025: 0.1%▲ +5.8% vs 04-2025
06-2025: 0.1%▼ -2.7% vs 05-2025
07-2025: 0.1%▲ +25.4% vs 06-2025
08-2025: 0.3%▲ +244% vs 07-2025
09-2025: 0.3%● 0.0% vs 08-2025
10-2025: 0.3%● 0.0% vs 09-2025
11-2025: 0.3%● 0.0% vs 10-2025
12-2025: 0.3%● 0.0% vs 11-2025
01-2026: 0.3%● 0.0% vs 12-2025
02-2026: 0.3%▼ -3.9% vs 01-2026
03-2026: 0.3%▲ +1.7% vs 02-2026
04-2026: 0.3%▲ +2.0% vs 03-2026
05-2026: 0.3%▲ +8.2% vs 04-2026
06-2026: 0.3%▲ +2.4% vs 05-2026
07-2026: 0.3%▼ -7.4% vs 06-2026
08-2026: 0.4%▲ +43.5% vs 07-2026highest value
09-2026: 0.4%● 0.0% vs 08-2026highest value
10-2026: 0.4%● 0.0% vs 09-2026highest value
- Loss of €2.6m, the second in a row (FY 2025) raises the probability
- Liquidity: current ratio 1.03, cash €433,713 raises the probability
- Sector Real estate activities (NACE 68) lowers the probability
- Founded in 1990 lowers the probability for this profile
Credit up to €550,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.83 in 2024; short-term debt: 49% and cash: 1.8% of total assets), and 62.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 55%, liquidity 21%, profitability 10%, growth against the median 58%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2.6m
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
24 d early
2023
22 d early
2022
24 d early
2021
24 d early
2020
24 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Reappointment: EY Bedrijfsrevisoren (statutory auditor)Permanent representative: Marc Jonckheere
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · full…
Key points
- Risk: 4 loss-making years in a rowloss fiscal year 2025 -€2.6m View
- Positive: Turnover rose in 2025from €1.5m to €5.6m ▲ 286% View
- Caution: Among the weakest 5% on net resultsector median €21,799 · 5,342 companies -€2.6m View
- Controlled by Willemen Groepitself parent of 5 companies parent View
- Positive: Always filed on timeaccounts within the deadline every year 7 years View
By topic
Board & ownership
- Parent
- Willemen Groep
- Auditor
- Ernst et Young Reviseurs…
Network & group
- Subsidiaries
- 5
5 subsidiaries
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 02-09-2026Reappointment: EY Bedrijfsrevisoren (statutory auditor)
- 09-07-2026Annual accounts filed
- 07-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Real estate agency activitiesNACE 68310
- Founded
- 11-07-1990
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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