Financials
- Financial year
- 2025
- Total assets
- €1.3m
- Loss
- -€1.6m
- Solvency
- -238.0%
Total assets▲ 21.1%
Net result
20182025
nox Belgium
ActiveSummary
The computed 12-month bankruptcy probability of nox Belgium is 6.5% (elevated). The 2025 annual accounts show negative equity (-€3.0m) and a net result of -€1.6m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1,070 sector peers (NACE 49, financial year 2025). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Freight transport by road
NACE 49410
1 site
Size
€1.3mtotal assets 2025
- Staff
- 37.1 FTE
- Equity
- -€3.0m
- Loss
- -€1.6m
Net result -100%: other schema
Structure
- Parent
- Groupe Sterne
- Annabel FrancissenDirector
- Mascarene Spinco B.V.Director · permanent representative Jerome Koster
Auditor: Moore AuditAccounts 39 days early8 of 38 deeds read
Why 32raises riskLoss of €1.6m, the second in a row (financial year 2025)Negative equity -€3.0mSector: Land transport and transport via pipelines (NACE 49)1 of the last 3 lateShow the evidence
Checked score
Score 2025
32
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 3% of its sector peers (NACE 49, small)
Financial strength · tick = 2024
Weak
Solvency
0=
equity -238.0% of total assets
Liquidity
15-9
short-term debt 109.2% · cash 11.7%
Profitability
0=
return on assets -123.9%
Bankruptcy probability, 12 months
6.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 7.3%
12-2024: 7.3%● unchanged vs 11-2024
01-2025: 7.3%● unchanged vs 12-2024
02-2025: 7.3%● unchanged vs 01-2025highest value
03-2025: 7.2%▼ -0.1 percentage points vs 02-2025
04-2025: 7.2%● unchanged vs 03-2025
05-2025: 7.2%● unchanged vs 04-2025
06-2025: 7.0%▼ -0.2 percentage points vs 05-2025
07-2025: 4.8%▼ -2.2 percentage points vs 06-2025
08-2025: 4.8%● unchanged vs 07-2025
09-2025: 4.8%● unchanged vs 08-2025
10-2025: 4.8%● unchanged vs 09-2025
11-2025: 4.8%● unchanged vs 10-2025
12-2025: 4.8%● unchanged vs 11-2025
01-2026: 4.8%● unchanged vs 12-2025
02-2026: 4.8%● unchanged vs 01-2026
03-2026: 4.6%▼ -0.2 percentage points vs 02-2026
04-2026: 4.6%● unchanged vs 03-2026
05-2026: 4.6%● unchanged vs 04-2026
06-2026: 4.5%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 6.5%▲ +2.0 percentage points vs 06-2026
08-2026: 6.5%● unchanged vs 07-2026
09-2026: 6.5%● unchanged vs 08-2026
10-2026: 6.5%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.86, compared with 0.39 in 2024, below 1; short-term debt: 109.2% and cash: 11.7% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 49, small): better than 2% on solvency, 8% on liquidity, 2% on profitability and 2% on growth.
The bankruptcy probability was computed on 23-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€3.0m
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
43 days early
2023
90 days late
2022
25 days early
2021
19 days early
2020
23 days early
2019
102 days late
← 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 6 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
- Resignations: Groupe Sterne S.A.S. (director) and…Permanent representatives: Olivier Storch and…
- Capital & sharesCapital increase · Capital ·…
- Resignations: Alexander Kohnen (director) and Dominika…Appointments: Groupe Sterne S.A.S. (bestuurder)…
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€3.0m View
- Risk: 6 loss-making years in a rowloss financial year 2025 -€1.6m View
- Caution: Equity fell in 2025from -€1.4m to -€3.0m ▼ 109% View
- Caution: Among the weakest 5% on solvencysector median 40.5% · 1,070 companies -238.0% View
- Caution: Board changedlatest change 07-10-2026 · 2 in office 1 joined · 4 left View
- Controlled by Groupe Sterne parent View
By topic
Board & ownership
- Board
- 2 members
- Parent
- Groupe Sterne
- Auditor
- Moore Audit
- Annabel FrancissenDirector
- Mascarene Spinco B.V.Director
Network & group
- Mergers and asset contributions
- 1
Timeline
- Events
- 34
- Since
- 2004
- Next accounts
- by 31-07-2027
- 22-06-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 18-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Freight transport by roadNACE 49410
- Founded
- 12-06-2003
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 18
- Who signs
- Two directors jointly
- Purpose
- “Het uitoefenen van het transportbedrijf in de ruimste zin genomen,alsmede het verrichten…” (deed in Dutch)
Key facts about nox Belgium
- What is the company number of nox Belgium?
- 0859.725.351. In Belgium the VAT number is the company number with BE in front: BE 0859.725.351.
- Where is nox Belgium based?
- The registered office is at Zandvoortstraat 16, 2800 Mechelen.Company details
- What does nox Belgium do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of nox Belgium?
- Public limited company (NV).
- When was nox Belgium founded?
- On 12-06-2003.
- Is nox Belgium still active?
- Yes, nox Belgium is an active enterprise in the KBO register.
- How many employees does nox Belgium have?
- On average 37.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of nox Belgium?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is nox Belgium profitable?
- In financial year 2025, nox Belgium made a loss of €1.6m.
- Where can I find the annual accounts of nox Belgium?
- nox Belgium filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of nox Belgium due?
- By 31-07-2027, for financial year 2026.Timeline
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