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NOSHAQ IMMO

Active
Public limited companyfounded 198640 yrs activeRue Lambert-Lombard 3, 4000 Liège, BelgiumKBO/BCE: BE 0428.590.738
Summary

NOSHAQ IMMO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118.87M and a net result of €-3.85M. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 69% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
65 / 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▲+4
Solvency88▼-6
Growth65▲+6
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity short (current ratio 0.77 against 1.07 in 2024; short-term debt: 27.7% and cash: 1.3% of total assets), and 37.4% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 40 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
62.6%
Return on assets
-2%
Age of the figures
15 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 d early
2024
49 d early
2023
42 d early
2022
49 d early
2021
40 d early
2020
54 d early
2019
50 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
€2.56M▲ 47.6%
2024 · €1.73M
2019: €1.02M 2020: €1.06M 2021: €1.46M 2022: €1.07M 2023: €1.24M 2024: €1.73M
2019 → 2025
EBIT margin
-31.4%▲ 18.5pp
2024 · -49.9%
2019: -38.1% 2020: -15.5% 2021: 53.8% 2022: -98.1% 2023: -75.7% 2024: -49.9%
2019 → 2025
Net result
€-3.85M▼ 258%
2024 · €-1.07M
2019: €137k 2020: €588k 2021: €1.34M 2022: €-2.50M 2023: €2.89M 2024: €-1.07M
2019 → 2025
Working capital
€-12.24M
2024 · €2.43M
2019: €13.25M 2020: €-9.93M 2021: €13.11M 2022: €-217k 2023: €-14.40M 2024: €2.43M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€1.46M-€1.07M▼ 26.6%€1.24M▲ 15.8%€1.73M▲ 39.5%€2.56M▲ 47.6%
Equity€66.31M-€63.94M▼ 3.6%€67.32M▲ 5.3%€122.72M▲ 82.3%€118.87M▼ 3.1%
Operating result€786k-€-1.05M€-939k▲ 10.7%€-864k▲ 8.0%€-802k▲ 7.2%
Net result€1.34M-€-2.50M€2.89M€-1.07M€-3.85M▼ 258%
Result per fiscal year
Operating resultNet result
€-4.00M€-2.00M€0€2.00MOperating result 2021: €786k€786kNet result 2021: €1.34M€1.34MOperating result 2022: €-1.05M€-1.05MNet result 2022: €-2.50M€-2.50MOperating result 2023: €-939k€-939kNet result 2023: €2.89M€2.89MOperating result 2024: €-864k€-864kNet result 2024: €-1.07M€-1.07MOperating result 2025: €-802k€-802kNet result 2025: €-3.85M€-3.85M20212022202320242025€-4M€-2M€0€2MOperating result 2023: €-939k€-939kNet result 2023: €2.89M€2.9MOperating result 2024: €-864k€-864kNet result 2024: €-1.07M€-1.1MOperating result 2025: €-802k€-802kNet result 2025: €-3.85M€-3.8M202320242025
The operating result stays negative: a loss of €802k in 2025 against €864k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €189.95M
Fixed assets €149.51M ▲ 8.2%
Current assets €40.44M ▲ 3.8%
Equity and liabilities €189.95M
Equity €118.87M ▼ 3.1%
Provisions €386k ▼ 5.1%
Debt €70.69M ▲ 30.7%
Debt's share of the balance-sheet total rises from 30.5% to 37.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€89k
2024 · €-3k
Cash flow
€-2.95M
2024 · €-212k
Current ratio
0.77
2024 · 1.07
Debt to equity
0.59
2024 · 0.44
ROE
-3.2%
2024 · -0.9%
ROA
-2.0%
2024 · -0.6%
Interest coverage
0.04
2024 · 0.00
Debt ≤ 1 year
€52.68M
2024 · €36.54M
Debt > 1 year
€17.45M
2024 · €15.64M
Income taxes
€0
2024 · €0
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 · 91 lines
Balance sheet Code20242025
Assets
Total assets20/58€177.21M€189.95M
Fixed assets21/28€138.24M€149.51M
Intangible fixed assets21€223k€214k
Tangible fixed assets22/27€31.62M€39.86M
Land and buildings22€25.49M€25.59M
Furniture and vehicles24€910€809
Other tangible fixed assets26€1.78M€1.72M
Assets under construction and advance payments27€4.36M€12.55M
Financial fixed assets28€106.40M€109.44M
Affiliated companies280/1€63.91M€62.07M
Participating interests280€44.51M€43.13M
Amounts receivable281€19.40M€18.94M
Companies linked by participating interests282/3€26.42M€30.56M
Participating interests282€10.76M€23.37M
Amounts receivable283€15.66M€7.19M
Other financial fixed assets284/8€16.06M€16.81M
Shares284€5.26M€5.63M
Amounts receivable and cash guarantees285/8€10.80M€11.18M
Current assets29/58€38.96M€40.44M
Amounts receivable after more than one year29€5.45M€4.86M
Other amounts receivable291€5.45M€4.86M
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€28.16M€28.72M
Trade receivables40€4.97M€6.11M
Other amounts receivable41€23.19M€22.61M
Current investments50/53€42k€15k
Other investments51/53€42k€15k
Cash at bank and in hand54/58€3.09M€2.53M
Deferred charges and accrued income490/1€2.22M€4.31M
Equity and liabilities
Total equity and liabilities10/49€177.21M€189.95M
Equity10/15€122.72M€118.87M
Contributions10/11€122.10M€122.10M=
Capital10€122.10M€122.10M=
Issued capital100€122.10M€122.10M=
Reserves13€1.22M€1.16M
Non-distributable reserves130/1€262k€262k=
Legal reserve130€262k€262k=
Tax-exempt reserves132€954k€903k
Profit (loss) carried forward14€-595k€-4.39M
Investment grants15€0-
Provisions and deferred taxes16€406k€386k
Deferred taxes168€406k€386k
Amounts payable17/49€54.08M€70.69M
Amounts payable after more than one year17€15.64M€17.45M
Financial debts170/4€15.63M€17.45M
Credit institutions173€15.63M€17.45M
Other amounts payable178/9€14k€0
Amounts payable within one year42/48€36.54M€52.68M
Current portion of amounts payable after more than one year42€2.11M€2.24M
Financial debts43€22.71M€38.56M
Credit institutions430/8€6.50M€6.50M=
Other loans439€16.21M€32.06M
Trade debts44€4.80M€6.07M
Suppliers440/4€4.80M€6.07M
Taxes, remuneration and social security45€0€1k
Taxes450/3€0€1k
Other amounts payable47/48€6.92M€5.80M
Accrued charges and deferred income492/3€1.90M€564k
Income statement Code20242025
Operating income70/76A€1.88M€2.90M
Turnover70€1.73M€2.56M
Other operating income74€145k€342k
Operating charges60/66A€2.74M€3.70M
Services and other goods61€1.56M€2.28M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€861k€891k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€11k€63k
Other operating charges640/8€304k€467k
Non-recurring operating charges66A€0-
Operating profit (loss)9901€-864k€-802k
Financial income75/76B€3.19M€3.39M
Recurring financial income75€3.11M€3.32M
Income from financial fixed assets750€1.83M€1.77M
Income from current assets751€1.26M€1.54M
Other financial income752/9€22k€12k
Non-recurring financial income76B€82k€64k
Financial charges65/66B€3.41M€6.45M
Recurring financial charges65€2.56M€4.25M
Debt charges650€2.52M€2.09M
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€0€2.12M
Other financial charges652/9€37k€41k
Non-recurring financial charges66B€850k€2.20M
Profit (loss) for the period before taxes9903€-1.08M€-3.87M
Transfer from deferred taxes780€11k€21k
Income taxes67/77€0€0
Taxes670/3€0€0
Profit (loss) for the period9904€-1.07M€-3.85M
Transfer from tax-exempt reserves789€21k€51k
Profit (loss) for the period to be appropriated9905€-1.05M€-3.79M
Appropriation of the result
Profit (loss) to be appropriated9906€-595k€-4.39M
Profit (loss) brought forward from the previous period14P€456k€-595k
Transfer to equity691/2€0-
To the legal reserve6920€0-

The notes to these accounts (115 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2025
22-12
State Gazette act Resignations: Matthieu De Winter, Marielle PAPY and 2 others
Appointments: Deborah GERADON, Sylvie ROUCHE and 2 others11 facts ▸
  • Board meeting, 23-05-2025
  • Director resignation, Matthieu De Winter (director)
  • Board meeting, 03-10-2025
  • Director resignation, Marielle PAPY (director)
  • Director resignation, Joyce WIECZOREK (director)
  • General meeting, 28-11-2025
  • Director appointment, Deborah GERADON (director)
  • Director appointment, Sylvie ROUCHE (director)
  • Director appointment, Michaël VANLOUBBEECK (director)
  • Director resignation, Jean-Michel JAVAUX (director)
  • Director appointment, Marielle PAPY (director)
17-12
NBB filing Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial Weakest financial yearnet €-3.85M
Net result drops to €-3.85M, the lowest in the series.
2024
13-12
NBB filing Annual accounts filed
fiscal year 2024 · full schema
12-11
State Gazette act Resignations: Fabian CULOT (director) and Anne JACOB (director)
Appointments: Jérôme HARDY (director) and Christine DEFRAIGNE (director) · Mandate compensation7 facts ▸
  • General meeting, 30-08-2024
  • Director resignation, Fabian CULOT (director)
  • Director resignation, Anne JACOB (director)
  • Director appointment, Jérôme HARDY (director)
  • Director appointment, Christine DEFRAIGNE (director)
  • Mandate compensation, Jérôme HARDY
  • Mandate compensation, Christine DEFRAIGNE
30-06
Financial Equity above €100MEq €122.72M ▲82.3%
Equity rises from €67.32M to €122.72M.
29-05
State Gazette act Appointment: Marie BRAUN (daily management delegate)
Resignation: Gaëtan SERVAIS (daily management delegate)3 facts ▸
  • Board meeting, 16-02-2024
  • Director appointment, Marie BRAUN (daily management delegate)
  • Director resignation, Gaëtan SERVAIS (daily management delegate)
23-02
State Gazette act Capital & shares
Capital increase · Capital · Statutes amendment4 facts ▸
  • General meeting, 21-02-2024
  • Capital increase, €57.100.000
  • Capital, €122.100.000
  • Statutes amendment
2023
20-12
NBB filing Annual accounts filed
fiscal year 2023 · full schema
19-12
State Gazette act Appointments: PwC REVISEURS D'ENTREPRISES S.R.L., BDO REVISEURS D'ENTREPRISES S.R.L. and 15 others
Permanent representatives: Mélanie ADORANTE, Cédric ANTONELLI and Grégory DEMAL · Correction23 facts ▸
  • General meeting, 24-11-2023
  • Auditor appointment, PwC REVISEURS D'ENTREPRISES S.R.L. (statutory auditor)
  • Permanent representative, Mélanie ADORANTE
  • Auditor appointment, BDO REVISEURS D'ENTREPRISES S.R.L. (statutory auditor)
  • Permanent representative, Cédric ANTONELLI
  • General meeting, 29-09-2023
  • Director appointment, Pascal CARLENS (director)
  • Director appointment, Fabian CULOT (director)
  • Director appointment, Matthieu DE WINTER (director)
  • Director appointment, NETHYS S.A. (director)
  • Permanent representative, Grégory DEMAL
  • Director appointment, Eric DEWINGAERDEN (director)
  • +11 further facts in this act
13-11
State Gazette act Resignation: NOSHAQ (sole director)
Appointments: Pascal CARLENS, Fabian CULOT and 14 others19 facts ▸
  • General meeting, 29-09-2023
  • Director resignation, NOSHAQ (sole director)
  • Director appointment, Pascal CARLENS (director)
  • Director appointment, Fabian CULOT (director)
  • Director appointment, Matthieu DE WINTER (director)
  • Director appointment, Grégory DEMAL (director)
  • Director appointment, Eric DEWINGAERDEN (director)
  • Director appointment, Nicolas DUMAZY (director)
  • Director appointment, Anne JACOB (director)
  • Director appointment, Jean-Michel JAVAUX (director)
  • Director appointment, Christophe LECLERCQ (director)
  • Director appointment, Henri LEMAITRE (director)
  • +7 further facts in this act
30-06
Financial Back to profitnet €2.89M
Net result €2.89M after one loss-making year.
Show earlier events
2022
13-12
NBB filing Annual accounts filed
fiscal year 2022 · full schema
06-04
State Gazette act Permanent representative: Mélanie ADORANTE
2 facts ▸
  • Board meeting, 22-03-2022
  • Permanent representative, Mélanie ADORANTE
2021
22-12
NBB filing Annual accounts filed
fiscal year 2021 · full schema
16-12
State Gazette act Resignation: NOSHAQ IMMO (director)
Appointment: NOSHAQ (sole director) · Permanent representative: DRIESSENS Frédéric Francis Georges · Statutes amendment6 facts ▸
  • General meeting, 13-12-2021
  • Statutes amendment
  • Capital, €65.000.000
  • Director resignation, NOSHAQ IMMO (director)
  • Director appointment, NOSHAQ (sole director)
  • Permanent representative, DRIESSENS Frédéric Francis Georges
25-08
State Gazette act Appointments: B.D.O. (réviseur d'entreprises) and PWC (réviseur d'entreprises)
Mandate compensation4 facts ▸
  • General meeting, 27-11-2020
  • Auditor appointment, B.D.O. (réviseur d'entreprises)
  • Auditor appointment, PWC (réviseur d'entreprises)
  • Mandate compensation, B.D.O.
30-06
Financial Liquidity quadruplescurrent ratio 2.31
Current ratio from 0.58 to 2.31; short-term debt falls from €23.39M to €10.00M.
30-06
Financial Equity above €50MEq €66.31M ▲89.4%
3 profitable years in a row build equity to €66.31M.
14-04
State Gazette act Resignation: Jean-Christophe PETERKENNE (director)
2 facts ▸
  • Board meeting, 29-01-2021
  • Director resignation, Jean-Christophe PETERKENNE (director)
07-04
State Gazette act Capital & shares · Purpose · Statutes amendment
Capital increase · Capital · Purpose change5 facts ▸
  • General meeting, 02-04-2021
  • Capital increase, €30.661.863,32
  • Capital, €65.000.000
  • Purpose change, La société a pour activité la promotion, la location, la sous-location, l’achat, la vente, ainsi que la location-vente, la location-financement, l’échange, l’ex…
  • Statutes amendment
2020
08-12
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2019
12-12
NBB filing Annual accounts filed
fiscal year 2019 · full schema
17-06
State Gazette act Appointment: LAMALLE Philippe (director)
Name change · Statutes amendment4 facts ▸
  • General meeting, 29/05/2019
  • Name change, NOSHAQ IMMO
  • Statutes amendment
  • Director appointment, LAMALLE Philippe (director)
2018
13-12
NBB filing Annual accounts filed
fiscal year 2018 · full schema
01-08
State Gazette act Appointments: Frédéric DRIESSENS, S.C. S.C.R.L. B.D.O. and S.C. S.C.R.L. PRICE WATERHOUSE COOPERS
Permanent representatives: Cédric ANTONELLI and Patrick MORTROUX · Resignation: Josly PIETTE (director)9 facts ▸
  • Board meeting, 30-06-2017
  • Director appointment, Frédéric DRIESSENS (managing director)
  • General meeting, 24-11-2017
  • Auditor appointment, S.C. S.C.R.L. B.D.O. (statutory auditor)
  • Permanent representative, Cédric ANTONELLI
  • Auditor appointment, S.C. S.C.R.L. PRICE WATERHOUSE COOPERS (statutory auditor)
  • Permanent representative, Patrick MORTROUX
  • General meeting, 20-03-2018
  • Director resignation, Josly PIETTE (director)
2017
11-12
NBB filing Annual accounts filed
fiscal year 2017 · full schema
04-09
State Gazette act Resignation: Phillipe LALLEMAND (director)
Appointment: ETHIAS (director) · Permanent representatives: Sandra GRASSO, Tom VAN DE CRUYS and Bruno VENANZI6 facts ▸
  • Board meeting, 06-03-2017
  • Director resignation, Phillipe LALLEMAND (director)
  • Director appointment, ETHIAS (director)
  • Permanent representative, Sandra GRASSO
  • Permanent representative, Tom VAN DE CRUYS
  • Permanent representative, Bruno VENANZI
28-07
State Gazette act Resignations: Jean-Michel JAVAUX, Laurent BURTON and 20 others
Appointments: Jean-Michel JAVAUX, Frédéric Georges DRIESSENS and 6 others · Permanent representatives: Fabian MARCQ, Gaëtan SERVAIS and Marc FOIDART · Capital increase37 facts ▸
  • General meeting, 11-07-2017
  • Capital increase, €30.000.000
  • Capital, €34.338.136,68
  • Statutes amendment
  • Director resignation, Jean-Michel JAVAUX (director)
  • Director resignation, Laurent BURTON (director)
  • Director resignation, Henri LEMAITRE (director)
  • Director resignation, Josly PIETTE (director)
  • Director resignation, Valérie SARETTO (director)
  • Director resignation, Jean-Christophe PETERKENNE (director)
  • Director resignation, Jean-François RAMQUET (director)
  • Director resignation, Marielle PAPY (director)
  • +25 further facts in this act
23-02
State Gazette act Permanent representative: Vincent Lebbe
1 fact ▸
  • Permanent representative, Vincent Lebbe
2016
15-12
NBB filing Annual accounts filed
fiscal year 2016 · full schema
14-10
State Gazette act Resignation: Benoît MARICHAL (director)
Appointment: Eric DEWINGAERDEN (director) · Reappointment: Eric DEWINGAERDEN (director) · Mandate term6 facts ▸
  • Board meeting, 30-04-2015
  • Director resignation, Benoît MARICHAL (director)
  • Director appointment, Eric DEWINGAERDEN (director)
  • General meeting, 27-11-2015
  • Director reappointment, Eric DEWINGAERDEN (director)
  • Mandate term, à l'issue de l'assemblée générale à tenir en 2017
2015
20-10
State Gazette act Appointments: S.C. S.C.R.L. B.D.O. Réviseurs d'Entreprises (statutory auditor) and S.C. S.C.R.L. PRICEWATERHOUSECOOPERS (statutory auditor)
3 facts ▸
  • General meeting, 28-11-2014
  • Auditor appointment, S.C. S.C.R.L. B.D.O. Réviseurs d'Entreprises
  • Auditor appointment, S.C. S.C.R.L. PRICEWATERHOUSECOOPERS
2013
12-04
State Gazette act Resignations: Josly PIETTE, Gabriel SMAL and 15 others
Appointments: Jean-Michel JAVAUX, Laurent BURTON and 21 others · Permanent representatives: Olivier MASSON, Pierre MEYERS and 3 others · Purpose change72 facts ▸
  • General meeting, 28-03-2013
  • Purpose change, La société a pour objet la prestation de services généralement quelconques ainsi que la réalisation d'apports financiers au bénéfice d'entreprises à créer ou ex…
  • Statutes amendment
  • Capital, €4.338.136,68
  • Director resignation, Josly PIETTE (director)
  • Director resignation, Gabriel SMAL (director)
  • Director resignation, Marielle PAPY (director)
  • Director resignation, Bernard BOLLY (director)
  • Director resignation, Jean-François RAMQUET (director)
  • Director resignation, Stéphane MOREAU (director)
  • Director resignation, Gilbert VAN BOUCHAUTE (director)
  • Director resignation, Valérie SARETTO (director)
  • +60 further facts in this act
2012
22-02
State Gazette act Resignations: DELBROUCK, CAMMARATA, GILLES et ASSOCIES scpri (statutory auditor) and B.D.O. S.C. Civ. (statutory auditor)
Appointments: B.D.O., Réviseurs d'Entreprises (statutory auditor) and PRICEWATERHOUSECOOPERS (statutory auditor) · Permanent representatives: André KILESSE and Patrick MORTROUX7 facts ▸
  • General meeting, 25-11-2011
  • Director resignation, DELBROUCK, CAMMARATA, GILLES et ASSOCIES scpri (statutory auditor)
  • Director resignation, B.D.O. S.C. Civ. (statutory auditor)
  • Auditor appointment, B.D.O., Réviseurs d'Entreprises (statutory auditor)
  • Permanent representative, André KILESSE
  • Auditor appointment, PRICEWATERHOUSECOOPERS (statutory auditor)
  • Permanent representative, Patrick MORTROUX
2011
03-02
State Gazette act Appointment: Philippe Grisard de la Rochette (director)
Resignation: Gilles Pollet (director)3 facts ▸
  • General meeting, 26/11/2010
  • Director appointment, Philippe Grisard de la Rochette (director)
  • Director resignation, Gilles Pollet (director)
2010
22-06
State Gazette act Reappointments: Soc.civ. SCRL BDO Atrio (statutory auditor) and SCPRL DELBROUCK, CAMMARATA, GILLES et Associés, Réviseurs d'entreprises (statutory auditor)
3 facts ▸
  • General meeting, 27-11-2009
  • Auditor reappointment, Soc.civ. SCRL BDO Atrio
  • Auditor reappointment, SCPRL DELBROUCK, CAMMARATA, GILLES et Associés, Réviseurs d'entreprises
2006
30-10
State Gazette act Resignation: Pascal CELEN (réviseur d'entreprise)
Permanent representative: André KILESSE · Registered-office move4 facts ▸
  • Board meeting, 29-09-2006
  • Registered-office move, Hôtel de Copis, rue Lambert Lombard numéro 3 à 4000 Liège
  • Director resignation, Pascal CELEN (réviseur d'entreprise)
  • Permanent representative, André KILESSE
2005
22-09
State Gazette act Resignation: William ANCION (director)
2 facts ▸
  • Board meeting, 02-09-2005
  • Director resignation, William ANCION (director)
12-07
State Gazette act Appointments: Gilles POLET, Pierre GUSTIN and 4 others
Statutes amendment · Mandate compensation · Power of attorney15 facts ▸
  • General meeting, 24-06-2005
  • Statutes amendment
  • Statutes amendment
  • Director appointment, Gilles POLET (director)
  • Director appointment, Pierre GUSTIN (director)
  • Director appointment, Christian FRANKART (director)
  • Director appointment, Philippe LALLEMAND (director)
  • Mandate compensation, Gilles POLET
  • Mandate compensation, Pierre GUSTIN
  • Mandate compensation, Christian FRANKART
  • Mandate compensation, Philippe LALLEMAND
  • Director appointment, Louis SMAL (premier vice président)
  • +3 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
30 directors, no change since 2025
Marielle PAPY
Director · since 28-11-2025
Current
Michaël VANLOUBBEECK
Director · since 28-11-2025
Current
GERADON Deborah
Director · since 03-10-2025
Current
Sylvie ROUCHE
Director · since 03-10-2025
Current
Christine Defraigne
Director · since 30-08-2024
Current
Jérôme HARDY
Director · since 30-08-2024
Current
24 other directors
Marie BRAUN
Daily management delegate · since 16-02-2024
Current
Anne JACOV
Director · since 29-09-2023
Current
Christophe LECLERCQ
Director · since 29-09-2023
Current
DEMAL, Grégory
Director · since 29-09-2023
Current
Eric DEWINGAERDEN
Director · since 29-09-2023
Current
Gaötan SERVAIS
Daily management delegate · since 29-09-2023
Current
Henri LEMAITRE
Director · since 29-09-2023
Current
Jean-Christophe PETERKENNE
Director · since 29-09-2023
Current
Joana WITHOFS
Director · since 29-09-2023
Current
NETHYS S.A.
Director · since 29-09-2023 · Legal entity · perm. rep.: Grégory DEMAL
Current
Nicolas DUMAZY
Director · since 29-09-2023
Current
Pascal CARLENS
Director · since 29-09-2023
Current
Valérie SARETTO
Director · since 29-09-2023
Current
NOSHAQ
Sole director · since 11-07-2017 · Public limited company · perm. rep.: Gaëtan SERVAIS
Current
LAMALLE Philippe
Director · since 29-05-2019
Not recently confirmed
Frédéric DRIESSENS
Director · since 30-06-2017
Not recently confirmed
ETHIAS
Director · since 10-02-2017 · Public limited company · perm. rep.: Sandra GRASSO
Not recently confirmed
Laurent BURTON
Director · since 11-07-2017
Not recently confirmed
NOSHAQ PARTNERS
Director · since 11-07-2017 · Private limited company · perm. rep.: Fabian MARCQ
Not recently confirmed
OUSIA OPERATIONS
Director · since 11-07-2017 · Private limited company · perm. rep.: Marc FOIDART
Not recently confirmed
Christian FRANKART
Director · since 24-06-2005
Not recently confirmed
Jean-Claude MARCOURT
Deuxième vice président · since 24-06-2005
Not recently confirmed
Pierre GUSTIN
Director · since 24-06-2005
Not recently confirmed
SMAL Louis
Premier vice président · since 24-06-2005
Not recently confirmed
28-11-2025 Michaël VANLOUBBEECK: Appointed as Director
28-11-2025 Jean-Michel Javaux: Resigned as Director
03-10-2025 GERADON Deborah: Appointed as Director
03-10-2025 Sylvie ROUCHE: Appointed as Director
23-09-2025 Marielle PAPY: Reappointed as Director
Full history in the Timeline (113 changes) →
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1986
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue Lambert-Lombard 34000 Liège
Ground area
816 m²
Building footprint
308 m²
Volume, LiDAR
4,633 m³
Parcel 62063A0171/00B000, Wallonia · tallest building 36.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
NOSHAQ IMMO
Rue Lambert-Lombard 3, 4000 LiègeNACE 7412401
since 19862.036.613.681
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62063A0171/00B000
ProtectedMonument
Wallonia 816 m² 1 · 308 m² 36.4 m · 5 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Statutory auditor

1 auditor
PricewaterhouseCoopers Reviseurs d'EntreprisesCurrent
Statutory auditor · represented by Mélanie ADORANTE
24-11-2023 → present
Show 10 earlier auditors
B D.O, Reviseurs d'Entreprises
Statutory auditor · represented by André KILESSE
succeeded by S.C. S.C.R.L. B.D.O. Réviseurs d'Entreprises in 2014
25-11-2011 → 28-11-2014
B.D.O.
Réviseur d'entreprises · represented by Cédric ANTONELLI
succeeded by PricewaterhouseCoopers Reviseurs d'Entreprises in 2023
27-11-2020 → 24-11-2023
B.D.O. S.C. Civ.
Statutory auditor
- → 25-11-2011
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
Statutory auditor · represented by Cédric ANTONELLI
succeeded by B D.O, Reviseurs d'Entreprises in 2011
27-11-2009 → 25-11-2011
PricewaterhouseCoopers
Statutory auditor · represented by Patrick MORTROUX
succeeded by S.C. S.C.R.L. B.D.O. Réviseurs d'Entreprises in 2014
25-11-2011 → 28-11-2014
PWC
Réviseur d'entreprises · represented by Patrick MORTROUX
succeeded by PricewaterhouseCoopers Reviseurs d'Entreprises in 2023
27-11-2020 → 24-11-2023
S.C. S.C.R.L. B.D.O. Réviseurs d'Entreprises
Auditor · represented by e3
succeeded by S.C. S.C.R.L. PRICE WATERHOUSE COOPERS in 2017
28-11-2014 → 24-11-2017
S.C. S.C.R.L. PRICE WATERHOUSE COOPERS
Statutory auditor · represented by Patrick MORTROUX
succeeded by B.D.O. in 2020
24-11-2017 → 27-11-2020
S.C.R.L. PRICEWATERHOUSECOOPERS
Auditor · represented by e5
succeeded by S.C. S.C.R.L. PRICE WATERHOUSE COOPERS in 2017
28-11-2014 → 24-11-2017
Scpri Delbrouck, Cammarata, Gilles et Associés
Statutory auditor
- → 30-05-2011

Articles of association

Purpose
La société a pour activité la promotion, la location, la sous-location, l’achat, la vente, ainsi que la location-vente, la location-financement, l’échange, l’exploitation, la…
Full purpose

La société a pour activité la promotion, la location, la sous-location, l’achat, la vente, ainsi que la location-vente, la location-financement, l’échange, l’exploitation, la gestion, la mise en valeur, le lotissement, la transformation de tous immeubles ou parties divises ou indivises d’immeubles généralement quelconques, tant pour son compte propre que pour compte de tiers comme représentant ou autrement, ou par l'entremise de tiers, conjointement ou en participation à l’exception des activités règlementées par l’Arrêté Royal du six septembre mil neuf cent nonante-trois protégeant le titre professionnel et l’ exercice de la profession d’agent immobilier. La société a également pour activité la location, la sous-location, l’achat, la vente, ainsi que la location-vente, la location-financement, l’échange, la gestion, la mise en valeur, de tous biens meubles généralement quelconques, tant pour son compte propre que pour compte de tiers comme représentant ou autrement, ou par l'entremise de tiers, conjointement ou en participation. Elle pourra également être en charge de la gestion et la valorisation d’un patrimoine immobilier, ainsi que toutes opérations se rapportant directement ou indirectement à cet objet ou qui sont de nature à favoriser le rapport des biens immeubles tels que l’entretien, le développement, l’embellissement et la location de biens. La société pourra prendre en charge la construction d’un immeuble, acquérir en pleine propriété ou les droits réels dans le but d’y exercer ses activités, d’y établir son siège ou un siège d’exploitation. Elle pourra affecter en hypothèque tout bien immobilier ou octroyer des mandats hypothécaires sur des biens immobiliers pour des engagements contractés par elle ou des tiers mais également mettre en gage tous ses autres biens et donner son aval pour des engagements contractés par des tiers et également constituer toute garantie réelle et/ou personnelle dans le cadre de son activité. La société pourra utiliser toutes les techniques de financement susceptibles de favoriser directement ou indirectement la réalisation de son objet. Elle peut ainsi prendre et gérer des participations, accorder des prêts, souscrire à des emprunts, renoncer à toute créance et ainsi réaliser des apports financiers au bénéfice d‘entreprises à créer ou existantes. La société peut prester tous les services généralement quelconques et exécuter tous travaux de gestion, d'organisation, d'étude, d'expertise et d'analyse liés à son objet. La société pourra également conclure tout contrat d'entreprise, de gestion, de participation avec d'autres sociétés ou entreprises et effectuer toutes opérations ou transactions mobilières, immobilières, financières, industrielles, commerciales ou civiles se rapportant directement ou indirectement, en tout ou en partie à son objet ou qui seraient de nature à en faciliter la réalisation. La société pourra aussi s'intéresser par voie d'apport, de cession, de fusion, de souscription, de participation, d'intervention financière ou autrement dans toutes entreprises, associations, sociétés ou opérations ayant un objet similaire, analogue ou connexe au sien ou de nature à en favoriser la réalisation.

Structure & network

Connections & network

164 connected companies
Marielle PAPY, Shared director, links 16 companies MPMarielle PAPYAssociation Hospitalière Sambre et Meuse, via Marielle PAPY AHAssociationHospitalière…CAP Mobilité Namur, via Marielle PAPY CMCAP MobilitéNamurCentrale de Services à Domicile de la Province de Namur - Réseau Solidaris, via Marielle PAPY CDCentrale deServices à…CENTRE DE PLANNING FAMILIAL DE LA PROVINCE DE NAMUR -RESEAU SOLIDARIS, via Marielle PAPY CDCENTRE DEPLANNING…Centre de Santé du Namurois - Réseau Solidaris, via Marielle PAPY CDCentre deSanté du…ESENCA – LIAGES de la Province de Namur – Réseau Solidaris - Réseau Solidaris, via Marielle PAPY ELESENCALIAGES de la…Fédération des Centres de Services à Domicile, via Marielle PAPY FDFédération desCentres de…La Maison d'Enfants Solidaris, via Marielle PAPY LMLa Maisond'Enfants…Latitudes J de la province de Namur, via Marielle PAPY LJLatitudes J dela province…LIAGES ASBL, via Marielle PAPY LALIAGES ASBLNOSHAQ ENERGY, via Marielle PAPY NENOSHAQ ENERGYNOSHAQ EUROPE 3, via Marielle PAPY NENOSHAQ EUROPE3NOSHAQ SPIN-OFFS, via Marielle PAPY NSNOSHAQSPIN-OFFSNOSHAQ IMMO NOSHAQ IMMO0428.590.738
Shared directors
Linked via shared directors
Show 160 more companies with a shared director
Centre de Santé du Namurois - Réseau Solidaris
via Marielle PAPY · Administratrice déléguée du comité de gestion
CHU HELORA
via DEMAL, Grégory · Independent director
CREDE
via DEMAL, Grégory · Director
ELICIO
via DEMAL, Grégory · Director
Latitudes J de la province de Namur
via Marielle PAPY · Directrice générale du réseau (comité de gestion)
LIAGES ASBL
via Marielle PAPY · Director
NETHYS
via DEMAL, Grégory · Directeur général
NEWELEC
via Christophe LECLERCQ · Membre du comex
NOSHAQ EUROPE 3
via Marielle PAPY, GERADON Deborah and 6 others · Director
SORALIA DE LA PROVINCE DE NAMUR-RESEAU SOLIDARIS
via Marielle PAPY · Directrice générale du réseau (comité de gestion)
SPAQuE
via Valérie SARETTO · Director
former
former
LOTERIE NATIONALE
via DEMAL, Grégory · Membre ordinaire du conseil d'administration
former
Luminus
via GERADON Deborah · Class A director
former
MONS.RENOVATION
via DEMAL, Grégory · Administrateur délégué et administrateur
former
Mutualité Solidaris Wallonie
via GERADON Deborah · Administratrice de la mutualité
former
former
SPI
via GERADON Deborah · Director
former
former
ECETIA INTERCOMMUNALE
Shared director
Ecetia Real Estate
Shared director
ECODOTA-ECOLO FEDERAL
Shared director
ENODIA
Shared director
Ethias Pension Fund
Shared director
Ethias Solution
Shared director
EthiasCo
Shared director
ETOPIA
Shared director
FLUXYS
Shared director
FLUXYS BELGIUM
Shared director
FN HERSTAL
Shared director
FOURNIPAC
Shared director
ID CAMPUS ASBL
Shared director
IGNITY
Shared director
INTEGRALE
Shared director
INVESTSUD
Shared director
Jean Del'cour
Shared director
JEUNES MR
Shared director
Les copains d'Eric
Shared director
Liege airport
Shared director
LINEAS GROUP
Shared director
Mnema
Shared director
NAMUR INVEST
Shared director
NAMUR INVEST PREFACE
Shared director
NeWIN
Shared director
Normalement Non
Shared director
NOSHAQ EUROPE 2
Shared director
ORANGE BELGIUM
Shared director
PHENIX DATA CENTER
Shared director
PUBLI-T
Shared director
PUBLIGAZ
Shared director
Réseau Solidaris
Shared director
SOLSOC
Shared director
STANDARD DE LIEGE
Shared director
TECHNIFUTUR
Shared director
UVELIA
Shared director
Wallonie Data Center
Shared director
AED Rent
Shared corporate director
AEROSPACELAB
Shared corporate director
AMPACIMON
Shared corporate director
ANATIS
Shared corporate director
AQUATIC SCIENCE
Shared corporate director
BIO-SOURCING
Shared corporate director
Business Club Belgium-Luxembourg
Shared corporate director
CAPITANE COOP
Shared corporate director
CinemaNext
Shared corporate director
ECOSTAL GROUP
Shared corporate director
EKLO
Shared corporate director
EPIMEDE
Shared corporate director
Fedrus International
Shared corporate director
finance&invest.brussels
Shared corporate director
GALLER BOUTIQUES
Shared corporate director
GALLER HOLDING
Shared corporate director
GAMBIT Financial Solutions
Shared corporate director
HOLDING PCS
Shared corporate director
INVENTURES
Shared corporate director
JD'C INNOVATION
Shared corporate director
LA CHOCOLATERIE GALLER
Shared corporate director
LIFEPOWR
Shared corporate director
MAN & SCIENCE
Shared corporate director
NAMUR INVEST INNOVATION ET CROISSANCE
Shared corporate director
NOMICS
Shared corporate director
NSI IT Software & Services
Shared corporate director
ONCORADIOMICS
Shared corporate director
PROCO-IMMO
Shared corporate director
PROTECTION UNIT GROUP
Shared corporate director
Publiwind
Shared corporate director
Schaeffler Aerosint
Shared corporate director
SFPIM International
Shared corporate director
superdog
Shared corporate director
TASCO
Shared corporate director
TEMPORA
Shared corporate director
TRASIS
Shared corporate director
United Brands Association
Shared corporate director
VM BUILDING SOLUTIONS
Shared corporate director
WIDETECH
Shared corporate director
Wishbone
Shared corporate director

Ownership & control

3 board mandates
Board mandates of this companythis company sits on their board3

Capital and shareholders

Capital over the years
  1. 23-02-2024 Capital increase of 57,100,000 EUR · to 122,100,000 EUR · 623,567 new shares · in kind
  2. 16-12-2021 Capital stated in the act · 65,000,000 EUR · 709,852 shares
  3. 07-04-2021 Capital increase of 30,661,863.32 EUR · to 65,000,000 EUR · 334,852 new shares · in kind
  4. 28-07-2017 Capital increase of 30,000,000 EUR · to 34,338,136.68 EUR · 150,000 new shares
  5. 12-04-2013 Capital stated in the act · 4,338,136.68 EUR · 225,000 shares

Recognitions · licences · registrations

Legal Entity Identifier

967600HWT7ZRFOU9BT33
live in the LEI register

Similar companies · same sector, comparable size

Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 266 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
Founded24-02-1986
Fiscal year end30-06
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68121Development of residential building projects
68122Development of non-residential building projects
73200Market research and public opinion polling
77229Renting and leasing of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.