NOVA Engineering
ActiveSummary
NOVA Engineering has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.94M and a net result of €2.21M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 217 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▲+2
Solvency29▲+11
Growth76▲+25
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.42 in 2024; short-term debt: 7.3% and cash: 0.7% of total assets), and 96.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.8%
Return on assets
4.4%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Sector 78
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 217 sector peers (2025).
NBB · sector comparisonPosition among 217 sector peers
Solvency
better than 15%
← weakest
strongest →
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
36 d early
2023
29 d early
2022
17 d early
2021
24 d early
2020
25 d early
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€4.88M▼ 8.8%
2024 · €5.35M
2018: €2.17M
2019: €2.20M
2020: €2.31M
2021: €2.37M
2022: €2.74M
2023: €4.12M
2024: €5.35M
2018 → 2025
EBIT margin
11.9%▼ 2.5pp
2024 · 14.4%
2018: 5.0%
2019: -32.1%
2020: 20.9%
2021: 25.2%
2022: 12.2%
2023: 9.6%
2024: 14.4%
2018 → 2025
Net result
€2.21M
2024 · €-1.01M
2018: €46k
2019: €-5.97M
2020: €-2.53M
2021: €-8.92M
2022: €-4.76M
2023: €-3.09M
2024: €-1.01M
2018 → 2025
Working capital
€-310k▲ 88.6%
2024 · €-2.72M
2018: €264k
2019: €-591k
2020: €-1.61M
2021: €-3.17M
2022: €-5.02M
2023: €-7.22M
2024: €-2.72M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.37M-€2.74M▲ 15.9%€4.12M▲ 50.3%€5.35M▲ 29.8%€4.88M▼ 8.8%
Equity€-9.75M-€-14.50M▼ 48.8%€-17.59M▼ 21.3%€-3.28M▲ 81.4%€1.94M
Operating result€595k-€334k▼ 43.9%€394k▲ 18.0%€770k▲ 95.4%€579k▼ 24.8%
Net result€-8.92M-€-4.76M▲ 46.7%€-3.09M▲ 35.1%€-1.01M▲ 67.4%€2.21M
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50.34M
Fixed assets
€46.98M ▲ 0.3%
Current assets
€3.36M ▲ 70.5%
Equity and liabilities €50.34M
Equity
€1.94M
Debt
€48.40M
Debt finances 96.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€592k▼
2024 · €777k
Cash flow
€2.23M▲
2024 · €-999k
Current ratio
0.92▲
2024 · 0.42
Debt to equity
24.99▲
2024 · -15.90
ROE
114.2%
ROA
4.4%▲
2024 · -2.1%
Interest coverage
0.45▼
2024 · 0.45
Debt ≤ 1 year
€3.67M▼
2024 · €4.69M
Debt > 1 year
€44.37M▼
2024 · €47.00M
Income taxes
€7k▼
2024 · €9k
Staff costs
€2.27M▼
2024 · €2.80M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 74 lines
Balance sheet
Code20242025
Assets
Total assets20/58€48.80M€50.34M▲
Fixed assets21/28€46.83M€46.98M▲
Intangible fixed assets21€14k€23k▲
Tangible fixed assets22/27€18k€12k▼
Furniture and vehicles24€18k€12k▼
Other tangible fixed assets26€0-
Financial fixed assets28€46.80M€46.95M▲
Affiliated companies280/1€46.80M€46.95M▲
Participating interests280€46.80M€46.95M▲
Current assets29/58€1.97M€3.36M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€1.32M€3.01M▲
Trade receivables40€1.32M€823k▼
Other amounts receivable41€0€2.18M▲
Cash at bank and in hand54/58€634k€340k▼
Deferred charges and accrued income490/1€12k€14k▲
Equity and liabilities
Total equity and liabilities10/49€48.80M€50.34M▲
Equity10/15€-3.28M€1.94M▲
Contributions10/11€841k€3.84M▲
Capital10€841k€3.84M▲
Issued capital100€841k€3.84M▲
Outside capital11€0-
Share premium1100/10€0-
Reserves13€14k€14k=
Non-distributable reserves130/1€14k€14k=
Legal reserve130€14k€14k=
Profit (loss) carried forward14€-4.13M€-1.92M▲
Amounts payable17/49€52.08M€48.40M▼
Amounts payable after more than one year17€47.00M€44.37M▼
Financial debts170/4€47.00M€44.37M▼
Subordinated loans170€33.88M€34.32M▲
Credit institutions173€13.12M€10.05M▼
Other loans174€0-
Amounts payable within one year42/48€4.69M€3.67M▼
Current portion of amounts payable after more than one year42€1.38M€1.10M▼
Financial debts43€381k€164k▼
Credit institutions430/8€381k€164k▼
Trade debts44€596k€464k▼
Suppliers440/4€596k€464k▼
Taxes, remuneration and social security45€510k€459k▼
Taxes450/3€163k€119k▼
Remuneration and social security454/9€346k€339k▼
Other amounts payable47/48€1.82M€1.48M▼
Accrued charges and deferred income492/3€388k€365k▼
Income statement
Code20242025
Operating income70/76A€6.40M€5.73M▼
Turnover70€5.35M€4.88M▼
Other operating income74€568k€358k▼
Non-recurring operating income76A€486k€493k▲
Operating charges60/66A€5.63M€5.15M▼
Services and other goods61€2.80M€2.84M▲
Remuneration, social security and pensions62€2.80M€2.27M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€13k▲
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A€32k€22k▼
Operating profit (loss)9901€770k€579k▼
Financial income75/76B€11k€3.01M▲
Recurring financial income75€11k€3.01M▲
Income from financial fixed assets750-€3.00M
Income from current assets751€11k€6k▼
Other financial income752/9€0€0▲
Financial charges65/66B€1.78M€1.37M▼
Recurring financial charges65€1.78M€1.37M▼
Debt charges650€1.73M€1.33M▼
Other financial charges652/9€51k€37k▼
Profit (loss) for the period before taxes9903€-996k€2.22M▲
Income taxes67/77€9k€7k▼
Taxes670/3€9k€7k▼
Profit (loss) for the period9904€-1.01M€2.21M▲
Profit (loss) for the period to be appropriated9905€-1.01M€2.21M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-26.13M€-1.92M▲
Profit (loss) brought forward from the previous period14P€-25.13M€-4.13M▲
Transfer from equity791/2€22.00M€0▼
From contributions791€22.00M€0▼
Social balance
Average headcount (FTE)908731.625.7▼
The notes to these accounts (68 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €2.21M
Net result €2.21M after 6 loss-making years.
31-12
Financial
Equity above €1MEq €1.94M
Equity rises from €-3.28M to €1.94M.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-8.92M
Net result drops to €-8.92M, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €1MEq €1.70M ▲495%
Equity rises from €286k to €1.70M.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 24 acts read
About the unread acts
We know of 24 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
24 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 2 establishment units since 2019
Ground area
7,049 m²
Building footprint
2,919 m²
Volume, LiDAR
18,485 m³
2 parcels, Flanders · tallest building 14.3 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
NOVA Engineering
since 20192.290.342.125
NOVA Engineering Gent
since 20252.369.712.275
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062D0323/00E002 | Flanders | 5,152 m² | 1 · 2,395 m² | 14.3 m · 2 fl. |
| 71322B0247/00N000 | Flanders | 1,897 m² | 1 · 523 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
2 parent companiesControl over this companyparent company per the LEI register2
Hasselt · LEI lapsed
Antwerpen · indirect
controls
NOVA EngineeringBE 0408.306.553
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 8,350 EUR awarded · 8,350 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 3,834 EUR | 3,834 EUR |
| 2023 | 1 | 4,516 EUR | 4,516 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
875500Z16E5LLJET5X04
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Of 1,013 companies in sector 78200 we hold annual accounts for 644. 247 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-04-1971
Fiscal year end31-12
Activities, NACEBEL 2025
78200Temporary employment agencies and other provision of personnel
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.