NOWO
Annual accounts 2025
micro format, filed on 29-09-2026, 60 days lateMoney flows
of every €100 of turnover, €17.44 remains as profit in 2025Balance sheet
balance sheet total €232,260 on 31-12-2025Change in equityin euro
Change in cashin euro
Position in the sector
Solvency68.8%
Higher than 60% of 21,166 companies in 2025.
Current ratio3.04
Higher than 58% of 20,529 companies in 2025.
Return on assets16.8%
Higher than 47% of 20,705 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
Total assets20/58 |
232,260 | 180,827 | |
Fixed assets21/28 |
11,843 | 13,986 | |
Tangible fixed assets22/27 |
11,571 | 13,714 | |
Furniture and vehicles24 |
11,571 | 13,714 | |
Financial fixed assets28 |
272 | 272 | |
Current assets29/58 |
220,417 | 166,841 | |
Amounts receivable within one year40/41 |
90,008 | 54,020 | |
Trade receivables40 |
32,008 | 29,020 | |
Other amounts receivable41 |
58,000 | 25,000 | |
Cash at bank and in hand54/58 |
129,766 | 112,446 | |
Deferred charges and accrued income490/1 |
643 | 375 | |
| Balance sheet: equity and liabilities | |||
Total equity and liabilities10/49 |
232,260 | 180,827 | |
Equity10/15 |
159,774 | 120,746 | |
Contributions10/11 |
5,000 | 5,000 | |
Profit (loss) carried forward14 |
154,774 | 115,746 | |
Amounts payable17/49 |
72,487 | 60,081 | |
Amounts payable within one year42/48 |
72,487 | 60,081 | |
Financial debts43 |
167 | - | |
Credit institutions430/8 |
167 | - | |
Trade debts44 |
9,580 | 18,132 | |
Suppliers440/4 |
9,580 | 1,938 | |
Bills of exchange payable441 |
- | 16,194 | |
Taxes, remuneration and social security45 |
60,865 | 40,059 | |
Taxes450/3 |
59,034 | 40,059 | |
Remuneration and social security454/9 |
1,831 | - | |
Other amounts payable47/48 |
1,874 | 1,890 | |
| Income statement | |||
Turnover70 |
223,778 | 372,058 | |
Gross operating margin9900 |
53,501 | 146,610 | |
Goods, raw materials, services and sundry goods60/61 |
191,848 | 228,565 | |
Remuneration, social security and pensions62 |
697 | 1,029 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
2,143 | 1,716 | |
Other operating charges640/8 |
826 | 2,997 | |
Operating profit (loss)9901 |
49,835 | 140,868 | |
Financial income75/76B |
- | 8,799 | |
Recurring financial income75 |
- | 8,799 | |
Financial charges65/66B |
211 | 408 | |
Recurring financial charges65 |
211 | 408 | |
Profit (loss) for the period before taxes9903 |
49,625 | 149,259 | |
Income taxes67/77 |
10,597 | 33,513 | |
Profit (loss) for the period9904 |
39,027 | 115,746 | |
Profit (loss) for the period to be appropriated9905 |
39,027 | 115,746 | |
| Appropriation of the result | |||
Profit (loss) to be appropriated9906 |
154,774 | 115,746 | |
Profit (loss) brought forward from the previous period14P |
115,746 | - | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 60 days after the deadline. Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00530486.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| EBITDA | 51,978 | 142,584 | |
| Cash flow | 41,170 | 117,462 | |
| Investment in fixed assets (approximation) | 0 | 15,702 | |
| Change in cash | 17,319 | - | |
| Working capital | 147,930 | 106,760 | |
| EBIT margin | 22.3% | 37.9% | |
| Solvency | 68.8% | 66.8% | |
| Current ratio | 3.04 | 2.78 | |
| Debt to equity | 0.45 | 0.50 | |
| ROE | 24.4% | 95.9% | |
| ROA | 16.8% | 64.0% | |
| Interest coverage | over 100 | over 100 | |
| Customer credit | 52 days | 28 days | |
| Supplier credit | 18 days | 29 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | - | €15,430 |
| Financial fixed assets | - | €272 |
| Depreciation and write-downs of the year | €2,143 | €1,716 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on NOWO
The operating result for 2025 is 65% lower than in 2024.
Debt's share of the balance-sheet total falls from 33.2% to 31.2%. Equity and debt are higher.