Summary
Marc Noppen is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €115k and a net result of €15k. Equity is growing by ~42.2% per year across the filed fiscal years. Its solvency ranks better than 89% of 8048 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 27-04-2026, 95 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
95 d early
2024
7 d early
2023
26 d early
2022
21 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, micro schema
Equity
€115k▲ 14.7%
2024 · €101k
2022: €24klowest in 4 years
2023: €62k▲ +159% vs 2022
2024: €101k▲ +61.4% vs 2023
2025: €115k▲ +14.7% vs 2024highest in 4 years
2022 → 2025
Net result
€15k▼ 62.2%
2024 · €39k
2022: €22k
2023: €39k▲ +74.8% vs 2022
2024: €39k▲ +0.1% vs 2023highest in 4 years
2025: €15k▼ -62.2% vs 2024lowest in 4 years
2022 → 2025
Total assets
€127k▲ 7.2%
2024 · €118k
2022: €36klowest in 4 years
2023: €76k▲ +108% vs 2022
2024: €118k▲ +56.5% vs 2023
2025: €127k▲ +7.2% vs 2024highest in 4 years
2022 → 2025
Solvency
91.0%▲ 5.9pp
2024 · 85.0%
2022: 66.1%lowest in 4 years
2023: 82.5%▲ +24.7% vs 2022
2024: 85.0%▲ +3.1% vs 2023
2025: 91.0%▲ +7.0% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€24k-€62k▲ 159%€101k▲ 61.4%€115k▲ 14.7%
2022: €24klowest in 4 years
2023: €62k▲ +159% vs 2022
2024: €101k▲ +61.4% vs 2023
2025: €115k▲ +14.7% vs 2024highest in 4 years
Operating result€30k-€52k▲ 75.3%€52k▼ 1.4%€22k▼ 57.0%
2022: €30k
2023: €52k▲ +75.3% vs 2022highest in 4 years
2024: €52k▼ -1.4% vs 2023
2025: €22k▼ -57.0% vs 2024lowest in 4 years
Net result€22k-€39k▲ 74.8%€39k▲ 0.1%€15k▼ 62.2%
2022: €22k
2023: €39k▲ +74.8% vs 2022
2024: €39k▲ +0.1% vs 2023highest in 4 years
2025: €15k▼ -62.2% vs 2024lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 57% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127k
Fixed assets
€879
Current assets
€126k
Equity and liabilities €127k
Equity
€115k ▲ 14.7%
Debt
€11k ▼ 35.3%
Debt's share of the balance-sheet total falls from 15.0% to 9.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
12.8%▼
2024 · 38.9%
ROA
11.7%▼
2024 · 33.1%
Debt ≤ 1 year
€11k▼
2024 · €18k
Income taxes
€7k▼
2024 · €13k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€118k€127k▲
Fixed assets21/28-€879
Tangible fixed assets22/27-€879
Furniture and vehicles24-€879
Current assets29/58€118k€126k▲
Amounts receivable within one year40/41€3k€6k▲
Trade receivables40€3k€6k▲
Current investments50/53€89k€88k▼
Cash at bank and in hand54/58€26k€30k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€118k€127k▲
Equity10/15€101k€115k▲
Contributions10/11€3k€3k=
Reserves13€98k€113k▲
Distributable reserves133€98k€113k▲
Amounts payable17/49€18k€11k▼
Amounts payable within one year42/48€18k€11k▼
Trade debts44-€1k
Suppliers440/4-€1k
Taxes, remuneration and social security45€16k€8k▼
Taxes450/3€16k€8k▼
Other amounts payable47/48€1k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€298
Other operating charges640/8€513€692▲
Gross operating margin9900€52k€23k▼
Operating profit (loss)9901€52k€22k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€849€2k▲
Recurring financial charges65€849€2k▲
Profit (loss) for the period before taxes9903€52k€22k▼
Income taxes67/77€13k€7k▼
Profit (loss) for the period9904€39k€15k▼
Profit (loss) for the period to be appropriated9905€39k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€15k▼
Transfer to equity691/2€38k€15k▼
To other reserves6921€38k€15k▼
Profit to be distributed694/7€859-
Return on contributions (dividend)694€859-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €298 | - |
| Other operating charges640/8 | €348 | €499 | €513 | €692 | ▲ 34.8% |
| Gross operating margin9900 | €30k | €53k | €52k | €23k | ▼ 55.6% |
| Operating profit (loss)9901 | €30k | €52k | €52k | €22k | ▼ 57.0% |
| Financial income75/76B | - | - | €2k | €1k | ▼ 15.7% |
| Recurring financial income75 | - | - | €2k | €1k | ▼ 15.7% |
| Financial charges65/66B | - | €52 | €849 | €2k | ▲ 109% |
| Recurring financial charges65 | - | €52 | €849 | €2k | ▲ 109% |
| Profit (loss) for the period before taxes9903 | €30k | €52k | €52k | €22k | ▼ 58.5% |
| Income taxes67/77 | €7k | €13k | €13k | €7k | ▼ 47.4% |
| Profit (loss) for the period9904 | €22k | €39k | €39k | €15k | ▼ 62.2% |
| Profit (loss) for the period to be appropriated9905 | €22k | €39k | €39k | €15k | ▼ 62.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €36k | €76k | €118k | €127k | ▲ 7.2% |
| Fixed assets21/28 | - | - | - | €879 | - |
| Tangible fixed assets22/27 | - | - | - | €879 | - |
| Furniture and vehicles24 | - | - | - | €879 | - |
| Current assets29/58 | €36k | €76k | €118k | €126k | ▲ 6.5% |
| Amounts receivable within one year40/41 | €11k | €5k | €3k | €6k | ▲ 123% |
| Trade receivables40 | €11k | €5k | €3k | €6k | ▲ 123% |
| Current investments50/53 | - | - | €89k | €88k | ▼ 1.6% |
| Cash at bank and in hand54/58 | €26k | €70k | €26k | €30k | ▲ 16.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €36k | €76k | €118k | €127k | ▲ 7.2% |
| Equity10/15 | €24k | €62k | €101k | €115k | ▲ 14.7% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Reserves13 | €22k | €60k | €98k | €113k | ▲ 15.1% |
| Distributable reserves133 | €22k | €60k | €98k | €113k | ▲ 15.1% |
| Amounts payable17/49 | €12k | €13k | €18k | €11k | ▼ 35.3% |
| Amounts payable within one year42/48 | €12k | €13k | €18k | €11k | ▼ 35.3% |
| Trade debts44 | €454 | €553 | - | €1k | - |
| Suppliers440/4 | €454 | €553 | - | €1k | - |
| Taxes, remuneration and social security45 | €11k | €12k | €16k | €8k | ▼ 50.5% |
| Taxes450/3 | €11k | €12k | €16k | €8k | ▼ 50.5% |
| Other amounts payable47/48 | €800 | €833 | €1k | €2k | ▲ 52.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €39k | €39k | €15k | ▼ 62.2% |
| + Depreciation and write-downs630 | - | - | - | €298 | - |
| Operating cash flow (approximation) | €22k | €39k | €39k | €15k | ▼ 61.4% |
| Change in cash | - | €45k | €-44k | €4k | ▲ 110% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €15k ▼62.2%
Net result drops to €15k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
12-06
State Gazette act
Appointment: Ilona VAN HEMELRIJK (director)Power of attorney3 facts ▸
State Gazette act
Appointment: Ilona VAN HEMELRIJK (director)
Power of attorney3 facts ▸
- General meeting, 06/05/2025
- Director appointment, Ilona VAN HEMELRIJK (director)
- Power of attorney, Fiduplan NV
2024
31-12
Financial
Highest result since 2022net €39k ▲0.1%
Net result €39k, the highest in the series.
31-12
Financial
Equity above €100kEq €101k ▲61.4%
3 profitable years in a row build equity to €101k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-06
State Gazette act
IncorporationAppointment: Marc Noppen (director) · Founder · Founding capital7 facts ▸
State Gazette act
Incorporation
Appointment: Marc Noppen (director) · Founder · Founding capital7 facts ▸
- Incorporation, 31/05/2022
- Founder, Marc Noppen
- Founding capital, €2.500
- Bank account, BNP Paribas Fortis
- Director appointment, Marc Noppen (director)
- Mandate compensation, Marc Noppen
- Power of attorney, FIDUPLAN
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 2 acts read
Directors · office · real estate
Directors
2 directors, no change since 2025
Ilona VAN HEMELRIJK
CurrentDirector · since 06-05-2025
Marc Noppen
CurrentDirector · since 31-05-2022
06-05-2025
Ilona VAN HEMELRIJK: Appointed as Director
31-05-2022
Marc Noppen: Appointed as Director
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2022
Ground area
1,048 m²
Building footprint
514 m²
Volume, LiDAR
7,760 m³
Parcel 31013A0749/00D000, Flanders · tallest building 20.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Marc Noppen
since 20222.331.825.857
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013A0749/00D000 | Flanders | 1,048 m² | 1 · 514 m² | 20.0 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
Het geven of organiseren van cursussen, opleidingen, lezingen, Webinars en onderwijs... Administratie, consultancy en managementactiviteiten... Het aanleggen, het oordeelkundig…
Full purpose
Het geven of organiseren van cursussen, opleidingen, lezingen, Webinars en onderwijs... Administratie, consultancy en managementactiviteiten... Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen... Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium... Het toestaan van leningen en kredietopeningen... Het verwerven van participaties...
Structure & network
Connections & network
6 connected companiesThis company
Company
Director
Shareholding
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
via Marc Noppen · Director
→
via Marc Noppen · Director
→
via Marc Noppen · Chair
→
via Marc Noppen · Director
former→
Show 2 more companies with a shared director
via Marc Noppen · Director
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via Marc Noppen · Director
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Capital and shareholders
Shareholders according to the acts
At incorporation
act of 03-06-2022 ↗
- Marc Noppen sole founder · 100% at incorporation
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 03-06-2022 Incorporation · 2,500 EUR · 100 shares
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 12,666 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
74999Other professional, scientific and technical activities
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.