NPA
The computed 12-month bankruptcy probability of NPA is 0.9% (low). The 2025 annual accounts show negative equity (€-577k) and a net result of €-82k. Equity is shrinking by ~40.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 52 sector peers (fiscal year 2025). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-577k |
| Net result | €-82k |
| Staff (FTE) | 1.2 |
| Better than sector | 5% |
Fragile profile, watch health in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -62.1% | 32.8% | |
| Net result | €-82k | €24k | |
| Equity | €-577k | €72k | |
| Gross operating margin | €56k | €50k | |
| Total assets | €930k | €409k |
| Fiscal year | 2025 |
|---|---|
| Revenue | €92k |
| EBITDA | €-39k |
| Net profit | €-82k |
| Cash flow | €-63k |
| Staff costs | €88k |
| Income taxes | €245 |
| Dividends | - |
| Total assets | €930k |
| Equity | €-577k |
| Debt | €1.51M |
| of which ≤ 1y | €1.51M |
| of which > 1y | - |
| Working capital | €-928k |
| Employees (FTE) | 1.2 |
| 2025 | |
|---|---|
| Current ratio | 0.38 |
| Quick ratio | 0.22 |
| Working capital ratio | -99.8% |
| Solvency | -62.1% |
| Debt / equity | -2.61 |
| Long-term debt ratio | - |
| Interest coverage | -1.62 |
| Gross margin | 59.2% |
| Net margin | -88.9% |
| ROA | -8.8% |
| ROE | 14.1% |
| EBITDA margin | -42.9% |
| Days sales outstanding | 433d |
| Days payable outstanding | 2269d |
| Inventory turnover | 0.15 |
| Days inventory (DSI) | 2363d |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €930k |
| Fixed assets | 21/28 | €351k |
| Tangible fixed assets | 22/27 | €260k |
| Financial fixed assets | 28 | €91k |
| Current assets | 29/58 | €579k |
| Stocks & contracts in progress | 3 | €243k |
| Amounts receivable within one year | 40/41 | €336k |
| Cash & bank | 54/58 | €644 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €930k |
| Equity | 10/15 | €-577k |
| Contributions / capital | 10/11 | €546k |
| Reserves | 13 | €287k |
| Accumulated profits (losses) | 14 | €-1.41M |
| Amounts payable | 17/49 | €1.51M |
| Amounts payable within one year | 42/48 | €1.51M |
| Trade debts payable within one year | 44 | €233k |
| Income statement | ||
| Turnover | 70 | €92k |
| Gross operating margin | 9900 | €56k |
| Operating result | 9901 | €-58k |
| Financial income | 75 | €1k |
| Financial charges | 65 | €24k |
| Result before taxes | 9903 | €-81k |
| Income taxes | 67/77 | €245 |
| Net result for the period | 9904 | €-82k |
| Result to be appropriated | 9905 | €-82k |
-
Current21-10-2020 → present
2 events
- 07-03-2026 Mandate renewed· Director
- 21-10-2020 Appointed· Director
-
Current19-09-2014 → present
4 events
- 07-03-2026 Mandate renewed· Director
- 21-10-2020 Appointed· Director
- 19-09-2014 Mandate renewed· Director
- 19-09-2014 Mandate renewed· Managing director
-
Current19-09-2014 → present
5 events
- 07-03-2026 Mandate renewed· Managing director
- 21-10-2020 Mandate renewed· Director
- 21-10-2020 Mandate renewed· Managing director
- 19-09-2014 Mandate renewed· Director
- 19-09-2014 Mandate renewed· Managing director
Historic, not recently confirmed (2)
-
Not recently confirmedlast confirmed in an act from 2014
2 events
- 19-09-2014 Mandate renewed· Director
- 19-09-2014 Mandate renewed· Managing director
-
Not recently confirmedlast confirmed in an act from 2014
2 events
- 19-09-2014 Mandate renewed· Director
- 19-09-2014 Mandate renewed· Managing director
Former directors (1)
-
Former- → 21-10-2020
2 events
- 21-10-2020 Resigned· Director
- 21-10-2020 Resigned· Managing director
| NACE primary | Construction of buildings(41001) |
| Legal form | Public limited company(014) |
| Incorporation | 19-09-1996 |
| Status | Active |
| Postal code | 6834 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84008A0001/00S005 | Wallonia | 2,008 m² | 1 · 779 m² | 13.6 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
20-03-2026 Noëi PONCELET appointed as managing director
- Noëi PONCELET, Gedelegeerd bestuurder
Technical details
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"act_meta": {
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"pub_date": "2026-03-20",
"filing_date": "2025-02-14",
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"co_filed_documents": [
"PV de l\u0027AG du 07 mars 2026"
],
"corrected_publication_numac": null
}23-11-2021 2 directors appointed, 2 resigning, 2 reappointed
- Michelle ADAM, Bestuurder
- Katherine PONCELET, Bestuurder
- Frank PONCELET, Bestuurder
- Frank PONCELET, Gedelegeerd bestuurder
- Noël PONCELET, Bestuurder
- Noël PONCELET, Gedelegeerd bestuurder
Technical details
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"effective_date": "2020-10-21",
"evidence_quote": "L\u0027Assembl\u00E9e G\u00E9n\u00E9rale confirme la nomination en qualit\u00E9 d\u0027administrateur de Monsieur No\u00EBl PONCELET."
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"evidence_quote": "L\u0027Assembl\u00E9e G\u00E9n\u00E9rale confirme la nomination en qualit\u00E9 d\u0027administrateur ... de Madame Katherine PONCELET"
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"effective_date": "2020-10-21",
"evidence_quote": "L\u0027Assembl\u00E9e g\u00E9n\u00E9rale acte la d\u00E9mission de Monsieur Frank PONCELET de son poste d\u0027administrateur"
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}10-03-2015 Change in the board of directors
Technical details
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}13-11-2014 8 reappointed
- Noël PONCELET, Bestuurder
- Michèle ADAM, Bestuurder
- Franck PONCELET, Bestuurder
- Katherine PONCELET, Bestuurder
- Noël PONCELET, Gedelegeerd bestuurder
- Franck PONCELET, Gedelegeerd bestuurder
- Michèle ADAM, Gedelegeerd bestuurder
- Katherine PONCELET, Gedelegeerd bestuurder
Technical details
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"evidence_quote": "II renouvelle \u00E9galement le mandat des administrateurs-d\u00E9l\u00E9gu\u00E9s Monsieur Franck PONCELET et Mesdames Mich\u00E8le ADAM et Katherine PONCELET."
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"evidence_quote": "II renouvelle \u00E9galement le mandat des administrateurs-d\u00E9l\u00E9gu\u00E9s Monsieur Franck PONCELET et Mesdames Mich\u00E8le ADAM et Katherine PONCELET."
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],
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}
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | NPA |