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NOSHAQ VENTURE

Active
Public limited companyfounded 1990active for 36 yearsRue Lambert-Lombard 3, 4000 Liège, BelgiumKBO/BCE: BE 0440.028.325
Summary

NOSHAQ VENTURE has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.0m) and a net result of -€343,640. Equity has been shrinking by about 29% per year since 2019. Its solvency ranks better than 10% of 845 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 22-02-1990 Normal situation
Registered office
37 active companies are registered at this address Source: KBO register, as of 4 November 2026.
Activity
Market research and public opinion polling NACE 73200and 1 other
Establishment unit
2.102.778.173 4000 Liège, since 23-03-1990
Financial year end
30 June
Peppol
Reachable since 10-10-2025

Board and ownership

Board
and 12 others
Shareholders
  • NOSHAQ30-06-2025 annual accounts of NOSHAQ

Financial position

55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts to 30-06-2025
Turnover
€89,352
▲ 68.0%
Loss
€343,640
Equity
-€1.0m
▼ 48.7%
Total assets
€74.4m
▲ 8.5%
  • Negative equity on 30-06-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€1.0mLiquidity: current ratio 20.12, cash €311,350, halvedlowers riskSize: turnover €89,352, total assets €74.4mFounded in 1990Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 38% of all companies
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 24=
equity -1.4% of total assets
Liquidity 51-4
short-term debt 1.6% · cash 0.4%
Profitability 36-2
return on assets -0.5%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (27 companies, NACE 73, large)
Last 24 months 12-2024: 0.3%highest value 01-2025: 0.2%▼ -0.1 percentage points vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025lowest value 04-2025: 0.2%● unchanged vs 03-2025lowest value 05-2025: 0.2%● unchanged vs 04-2025lowest value 06-2025: 0.2%● unchanged vs 05-2025lowest value 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026
No credit on open account
Liquidity is ample, with a current ratio of 20.12 (12.94 in 2024), above the usual 1.5. Short-term debt is 1.6% and cash 0.4% of total assets. However, equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies). It does better than 9% of them on solvency, 68% on liquidity, 24% on profitability and 52% on growth.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: turnover €89,352, total assets €74.4m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€1.0m
NBB · annual accounts
raises risk · Liquidity: current ratio 20.12, cash €311,350, halved
NBB · annual accounts
lowers risk · Founded in 1990
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€1.0m
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-12-2025, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
45 days early
2024
46 days early
2023
42 days early
2022
49 days early
2021
40 days early
2020
54 days early
2019
50 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 47 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 17 December (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end04-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€1.0m View
  • Caution: From profit to loss in 2025after a profit of €85,088 in 2024 -€343,640 View
  • Caution: Lower net result than 95% of companies in advertising and market researchsector median €33,793 · 846 companies -€343,640 View
  • Board changedlatest change 28-08-2026 · 14 in office 4 joined · 4 left View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

Recent changes

  1. · Gazette deed Resignation: Marielle PAPY (director)Appointment: Laurent WENRIC (director)
  2. · Gazette deed 4 directors appointed, 14 directors resigningResignations: Matthieu De Winter, Marielle PAPY and 2 others · Appointments: Deborah GERADON, Sylvie ROUCHE and 2 others
  3. · Gazette deed Resignations: Christophe LECLERCQ, Noshaq Partners S.R.L. and Noshaq S.A.
All 44 events

Companies linked to NOSHAQ VENTURE

Comparable companies

These companies have the same main activity as NOSHAQ VENTURE: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €43m and €198m, founded between 1982 and 1991.

CompanyTotal assetsTurnover
NOSHAQ VENTURE Liège€74.4m€0.09m
SOPURA INTERNATIONAL SERVICES Seneffe€88.7m€0.08m
FAMCOO INVEST Lievegem€54.8m€0.06m
Deloitte Belgium Zaventem€104.9m€1.0m
CLINIMETRICS Ukkel€197.7m€0.3m
ANACOM Antwerpen€44.3m€0.7m
MIERIC Temse€43.2m€1.7m
Full comparison

Key facts about NOSHAQ VENTURE

What is the company number of NOSHAQ VENTURE?
The company number of NOSHAQ VENTURE is 0440.028.325. The VAT number is the same number with BE in front: BE 0440.028.325.
Where is NOSHAQ VENTURE based?
The registered office is at Rue Lambert-Lombard 3, 4000 Liège.Company details
What does NOSHAQ VENTURE do?
According to the KBO register, the main activity is market research and public opinion polling (NACE 73200).
What is the legal form of NOSHAQ VENTURE?
The legal form of NOSHAQ VENTURE is Public limited company (NV).
When was NOSHAQ VENTURE founded?
NOSHAQ VENTURE was founded on 22-02-1990.
Is NOSHAQ VENTURE still active?
Yes, NOSHAQ VENTURE is an active enterprise in the KBO register.
What is the turnover of NOSHAQ VENTURE?
The turnover of NOSHAQ VENTURE was €89,352 in financial year 2025, according to the filed annual accounts.Financials
Is NOSHAQ VENTURE profitable?
In financial year 2025, NOSHAQ VENTURE made a loss of €343,640.
Where can I find the annual accounts of NOSHAQ VENTURE?
NOSHAQ VENTURE filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of NOSHAQ VENTURE due?
NOSHAQ VENTURE must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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