NoXcuse
ActiveSummary
The computed 12-month bankruptcy probability of NoXcuse is 5.1% (elevated). The 2025 annual accounts show negative equity (-€26,929) and a net result of -€20,370. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 453 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 79, Travel agency, tour operator and other reservation service and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,010 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €572 | €572 | €572 | €429 | - | - |
| Other operating charges640/8 | €398 | - | €122 | - | €139 | - |
| Gross operating margin9900 | -€8,671 | €4,715 | -€2,765 | -€1,554 | -€20,165 | ▼ 1,197% |
| Operating profit (loss)9901 | -€9,641 | €4,143 | -€3,459 | -€1,983 | -€20,304 | ▼ 924% |
| Financial income75/76B | - | €2,000 | - | - | - | - |
| Recurring financial income75 | - | €2,000 | - | - | - | - |
| Non-recurring financial income76B | - | €2,000 | - | - | - | - |
| Financial charges65/66B | €169 | €2,685 | - | €1,462 | €66 | ▼ 95.5% |
| Recurring financial charges65 | €169 | €2,685 | - | €1,462 | €66 | ▼ 95.5% |
| Profit (loss) for the period before taxes9903 | -€9,810 | €3,458 | -€3,459 | -€3,445 | -€20,370 | ▼ 491% |
| Profit (loss) for the period9904 | -€9,810 | €3,458 | -€3,459 | -€3,445 | -€20,370 | ▼ 491% |
| Profit (loss) for the period to be appropriated9905 | -€9,810 | €3,458 | -€3,459 | -€3,445 | -€20,370 | ▼ 491% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3,140 | €8,544 | €7,482 | €27 | €18,124 | ▲ 66,045% |
| Formation expenses20 | €1,572 | €1,000 | €429 | - | - | - |
| Current assets29/58 | €1,568 | €7,544 | €7,053 | €27 | €18,124 | ▲ 66,045% |
| Amounts receivable within one year40/41 | €277 | €6,767 | €6,936 | - | €16,068 | - |
| Trade receivables40 | €272 | €6,763 | €6,516 | - | €16,068 | - |
| Other amounts receivable41 | €5 | €5 | €420 | - | - | - |
| Cash at bank and in hand54/58 | €689 | €777 | €117 | €27 | €2,056 | ▲ 7,404% |
| Deferred charges and accrued income490/1 | €602 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3,140 | €8,544 | €7,482 | €27 | €18,124 | ▲ 66,045% |
| Equity10/15 | -€6,558 | -€3,100 | -€10,558 | -€6,558 | -€26,929 | ▼ 311% |
| Contributions10/11 | €4,000 | €4,000 | - | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | -€10,558 | -€7,100 | -€10,558 | -€10,558 | -€30,929 | ▼ 193% |
| Amounts payable17/49 | €9,698 | €11,644 | €18,040 | €6,586 | €45,052 | ▲ 584% |
| Amounts payable within one year42/48 | €9,698 | €11,644 | €18,040 | €6,586 | €45,052 | ▲ 584% |
| Trade debts44 | €1,095 | €774 | €1,416 | - | €20,552 | - |
| Suppliers440/4 | €1,095 | €774 | €1,416 | - | €20,552 | - |
| Advances received on contracts in progress46 | €1,724 | €1,210 | €1,210 | - | €18,349 | - |
| Taxes, remuneration and social security45 | €2,778 | €4,497 | €163 | €584 | €172 | ▼ 70.5% |
| Taxes450/3 | €2,778 | €4,497 | €163 | €584 | €172 | ▼ 70.5% |
| Other amounts payable47/48 | €4,101 | €5,164 | €15,251 | €6,002 | €5,979 | ▼ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,810 | €3,458 | -€3,459 | -€3,445 | -€20,370 | ▼ 491% |
| + Depreciation and write-downs630 | €572 | €572 | €572 | €429 | - | - |
| Operating cash flow (approximation) | -€9,238 | €4,030 | -€2,887 | -€3,016 | -€20,370 | ▼ 575% |
| Change in cash | - | €88 | -€660 | -€90 | €2,029 | ▲ 2,362% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23030D0120/00P002 | Flanders | 489 m² | 1 · 218 m² | - |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.