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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of NOAL is 0.1% (very low). The 2025 annual accounts show equity of €5.29M and a net result of €38k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 500 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 8 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.1%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Annual accounts: healthy financial profile
−Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
2 signals · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-04-2026, 20 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-09-2025 | 30-04-2026 | 10-04-2026 | 20 d early | 2026-00076896 |
| 30-09-2024 | 30-04-2025 | 15-04-2025 | 15 d early | 2025-00070778 |
| 30-09-2023 | 30-04-2024 | 29-04-2024 | 1 d early | 2024-00080076 |
| 30-09-2022 | 30-04-2023 | 25-04-2023 | 5 d early | 2023-00067335 |
| 30-09-2021 | 30-04-2022 | 29-03-2022 | 32 d early | 2022-09500012 |
| 30-09-2020 | 30-04-2021 | 01-04-2021 | 29 d early | 2021-09800034 |
| 30-09-2019 | 30-04-2020 | 07-04-2020 | 23 d early | 2020-08800168 |
| 30-09-2018 | 30-04-2019 | 02-05-2019 | 2 d late | 2019-12100334 |
| 30-09-2017 | 30-04-2018 | 15-05-2018 | 15 d late | 2018-13100061 |
| 31-12-2015 | 31-07-2016 | 30-08-2016 | 30 d late | 2016-50800266 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsEstablished
Founded in 2012, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€38k-94.4%
Working capital€-3.90M+9.5%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 10-04-2026 with the NBB · fiscal year 2025 · verkort
Sector comparison
Fiscal year 2025 · NACE 70, Head offices & management consulting · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 24.8% | 44.9% | |
| Net result | €38k | €55k | |
| Equity | €5.29M | €214k | |
| Gross operating margin | €318k | €98k | |
| Employees (FTE) | 0.0 | 0.0 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P30
Stable position over 2020-2025
· n=440-1396
P42
Stable position over 2020-2025
· n=441-1397
P95
Improving position over 2020-2025
· n=441-1397
P80
Stable position over 2020-2025
· n=440-1396
Describes the position versus peers, not a forecast.
€281k
-79.9%
18-25
€38k
-94.4%
18-25
€248k
-70.8%
18-25
€21.31M
+15.2%
18-25
€5.29M
+41.6%
18-25
€-3.90M
+9.5%
18-25
0
-
18-25
€8k
-95.2%
18-25
€0
-100.0%
18-25
€16.01M
+8.6%
18-25
€12.92M
+8.1%
18-25
€2.60M
+3.4%
18-25
0.70
+9.2%
18-25
0.40
+54.0%
18-25
24.8%
+22.8%
18-25
3.03
-23.3%
18-25
0.7%
-96.0%
18-25
0.2%
-95.1%
18-25
0.49
-82.3%
18-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €281k |
| Net profit | €38k |
| Cash flow | €248k |
| Staff costs | - |
| Income taxes | €8k |
| Dividends | - |
| Total assets | €21.31M |
| Equity | €5.29M |
| Debt | €16.01M |
| of which ≤ 1y | €12.92M |
| of which > 1y | €2.60M |
| Working capital | €-3.90M |
| Employees (FTE) | 0.0 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.70 |
| Quick ratio | 0.40 |
| Working capital ratio | -18.3% |
| Solvency | 24.8% |
| Debt / equity | 3.03 |
| Long-term debt ratio | 0.49 |
| Interest coverage | 0.49 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.2% |
| ROE | 0.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €21.31M |
| Fixed assets | 21/28 | €12.30M |
| Tangible fixed assets | 22/27 | €8.63M |
| Financial fixed assets | 28 | €3.67M |
| Current assets | 29/58 | €9.01M |
| Stocks & contracts in progress | 3 | €3.81M |
| Amounts receivable within one year | 40/41 | €4.86M |
| Investments | 50/53 | €635 |
| Cash & bank | 54/58 | €251k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €21.31M |
| Equity | 10/15 | €5.29M |
| Contributions / capital | 10/11 | €4.53M |
| Reserves | 13 | €36k |
| Accumulated profits (losses) | 14 | €724k |
| Provisions & deferred taxes | 16 | €17k |
| Amounts payable | 17/49 | €16.01M |
| Amounts payable after one year | 17 | €2.60M |
| Amounts payable within one year | 42/48 | €12.92M |
| Trade debts payable within one year | 44 | €198k |
| Income statement | ||
| Gross operating margin | 9900 | €318k |
| Operating result | 9901 | €70k |
| Financial income | 75 | €546k |
| Financial charges | 65 | €572k |
| Result before taxes | 9903 | €45k |
| Income taxes | 67/77 | €8k |
| Net result for the period | 9904 | €38k |
| Result to be appropriated | 9905 | €39k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2025 · computed18
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
under verificationDirectors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (24359038). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
-
MULLER KristienDirectorState Gazette act 24359038 (13-02-2024)Current13-02-2024 → present
-
Peter TEMMERMANDirectorState Gazette act 24359038 (13-02-2024)Current13-02-2024 → present
-
TEMMERMAN NoorDirectorState Gazette act 24359038 (13-02-2024)Current13-02-2024 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 01-02-2012 |
| Status | Active |
| Postal code | 8840 |
Structure & network
Locations & real estate
Registered office
on the map · from the address register
Staden
exact location from the address register
Establishment units
1 locationNOAL BVBA
since 20122.208.350.401
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3,835 m²
Buildings1
Building footprint895 m²
Volume (LiDAR)919 m³
Tallest building4.9 m
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36014C0261/00V003 | Flanders | 3,835 m² | 1 · 895 m² | 4.9 m |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
4 acts Company purpose
zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door deelname van dezen/ Ontwikkeling en realisatie van vastgoedprojecten van residentiële, commerciële of industriële aard in de meest ruime zin en het aanhouden van participaties in dochterondernemingen met een gelijkaardig voorwerp. Zij kan de functies van bestuurder of vereffenaar uitoefenen in andere vennootschappen. De vennootschap mag zich borgstellen of zakelijke zekerheden verlenen ten voordele van vennootschappen of particulieren, in de meest ruime zin. In het geval de verrichting van bepaalde
Per act of 20-04-2026
Capital history · 1
20-04-2026
Founding capital: amount: 75000.0, currency: EUR
All acts · 4
updated 3 months ago
2026
20-04-2026 Act object · Incorporation · Founding capital · Share distribution
- Act object: OPRICHTING · STEENOVEN INVESTMENT FUND
- Filing: 2026-04-16 · STEENOVEN INVESTMENT FUND
- Publication: 2026-04-20 · STEENOVEN INVESTMENT FUND
- Incorporation: 2026-04-16 · STEENOVEN INVESTMENT FUND
- Founding capital: amount: 75000.0, currency: EUR · STEENOVEN INVESTMENT FUND
- Share distribution: class: A, amount: 30000.0, shares: 3000, currency: EUR · NOAL
- Share distribution: class: B, amount: 20000.0, shares: 2000, currency: EUR · ALIMAX
- Share distribution: class: C, amount: 10000.0, shares: 1000, currency: EUR · BILLIET Christoph Jan Jozef
- Share distribution: class: D, amount: 7500.0, shares: 750, currency: EUR · AXELLENCE DEVELOPMENT
- Share distribution: class: E, amount: 7500.0, shares: 750, currency: EUR · LANGENAKEN CONSTRUCTIVE CONSULTANCY
- Officer appointment: role: Bestuurder klasse A, term: 6 · PETRIX
- Permanent representative: role: vaste vertegenwoordiger · TEMMERMAN Peter
- Officer appointment: role: Bestuurder klasse B, term: 6 · ALIMAX
- Permanent representative: role: vaste vertegenwoordiger · SABBE Ivan
- Officer appointment: role: Bestuurder klasse C, term: 6 · AMBIX
- Permanent representative: role: vaste vertegenwoordiger · BILLIET Christoph Jan Jozef
- Officer appointment: role: Bestuurder klasse D, term: 6 · VANDERDONCKT BART
- Permanent representative: role: vaste vertegenwoordiger · VANDERDONCKT Bart
- Officer appointment: role: Bestuurder klasse E, term: 6 · LANGENAKEN CONSTRUCTIVE CONSULTANCY
- Permanent representative: role: vaste vertegenwoordiger · LANGENAKEN Steven
- Mandate compensation: onbezoldigd · STEENOVEN INVESTMENT FUND
- Representation rule: door (i) de bestuurder klasse A enerzijds én (ii) ofwel de bestuurder klasse B, ofwel de bestuurder klasse C, ofwel de bestuurder klasse D, ofwel de bestuurder klasse E anderzijds, samen handelend. · STEENOVEN INVESTMENT FUND
- Annual meeting schedule: op de tweede dinsdag van de maand december om 10.00 uur · STEENOVEN INVESTMENT FUND
- First fiscal year: end: 2027-06-30, start: 2026-04-16 · STEENOVEN INVESTMENT FUND
- Pre incorporation ratification: 2026-03-02 · STEENOVEN INVESTMENT FUND
- Power of attorney: lasthebber ad hoc · TITECA
- Purpose: zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden, of door deelname van dezen/ Ontwikkeling en realisatie van vastgoedprojecten van residentiële, commerciële of industriële aard in de meest ruime zin en het aanhouden van participaties in dochterondernemingen met een gelijkaardig voorwerp. Zij kan de functies van bestuurder of vereffenaar uitoefenen in andere vennootschappen. De vennootschap mag zich borgstellen of zakelijke zekerheden verlenen ten voordele van vennootschappen of particulieren, in de meest ruime zin. In het geval de verrichting van bepaalde
Summary:
Act object · Incorporation · Founding capital · Share distributionNotary:
Joost EEMAN
2024
11-10-2024 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
completedNotary:
Joost Eeman · Gent
02-04-2024 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
Material correctionNotary:
Joost Eeman · Gent
13-02-2024 3 directors appointed
- Peter TEMMERMAN, Bestuurder
- MULLER Kristien, Bestuurder
- TEMMERMAN Noor, Bestuurder
Notary:
Joost Eeman · Gent
Analysis
Snowflake analysis
financial profile on 5 axes41
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
18
Profitability
4
Solvency
30
Growth
52
Stability
100
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verdict per customer and amountSimilar
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Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
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Primary activity highlighted.
Names & trade names
| Legal nameNL | NOAL |
Registered office
Roeselarestraat(ONK) 205
8840 Staden, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.