Noël & Co
ActiveSummary
Noël & Co has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €189k and a net result of €-11k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 42% of 1904 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-1
Solvency63▼-1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 5.58 against 13.04 in 2024; short-term debt: 2.8% and cash: 11.1% of total assets), but 62.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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 dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-11k
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
on the day
2023
30 d late
2022
on the day
2021
30 d late
2020
31 d late
2019
70 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€189k▼ 5.6%
2024 · €201k
2018: €190k
2019: €176k
2020: €164k
2021: €202k
2022: €210k
2023: €207k
2024: €201k
2018 → 2025
Total assets
€504k▼ 1.3%
2024 · €510k
2018: €421k
2019: €396k
2020: €370k
2021: €396k
2022: €452k
2023: €430k
2024: €510k
2018 → 2025
Net result
€-11k▼ 78.3%
2024 · €-6k
2018: €9k
2019: €-14k
2020: €-12k
2021: €38k
2022: €8k
2023: €-3k
2024: €-6k
2018 → 2025
Working capital
€66k▼ 43.7%
2024 · €117k
2018: €-124k
2019: €-169k
2020: €-171k
2021: €-178k
2022: €-198k
2023: €-195k
2024: €117k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€202k-€210k▲ 4.0%€207k▼ 1.6%€201k▼ 3.1%€189k▼ 5.6%
Operating result€39k-€9k▼ 77.5%€-3k€-6k▼ 114%€-12k▼ 91.8%
Net result€38k-€8k▼ 78.9%€-3k€-6k▼ 85.7%€-11k▼ 78.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2025 against €6k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €504k
Fixed assets
€424k ▲ 10.3%
Current assets
€80k ▼ 36.6%
Equity and liabilities €504k
Equity
€189k ▼ 5.6%
Debt
€314k ▲ 1.5%
Debt's share of the balance-sheet total rises from 60.7% to 62.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€17k▼
2024 · €22k
Cash flow
€17k▼
2024 · €21k
Current ratio
5.58▼
2024 · 13.04
Quick ratio
5.09▼
2024 · 12.26
Debt to equity
1.66▲
2024 · 1.54
ROE
-6.0%▼
2024 · -3.2%
ROA
-2.2%▼
2024 · -1.2%
Interest coverage
59.48▼
2024 · 62.74
Debt ≤ 1 year
€14k▲
2024 · €10k
Debt > 1 year
€300k=
2024 · €300k
Income taxes
€204▲
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€510k€504k▼
Fixed assets21/28€384k€424k▲
Tangible fixed assets22/27€384k€424k▲
Land and buildings22€375k€418k▲
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€50€50=
Current assets29/58€126k€80k▼
Stocks and contracts in progress3€8k€7k▼
Stocks30/36€8k€7k▼
Amounts receivable within one year40/41€3k€17k▲
Trade receivables40€3k€14k▲
Other amounts receivable41€694€2k▲
Cash at bank and in hand54/58€115k€56k▼
Deferred charges and accrued income490/1€482€740▲
Equity and liabilities
Total equity and liabilities10/49€510k€504k▼
Equity10/15€201k€189k▼
Contributions10/11€19k€19k=
Reserves13€191k€188k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€189k€186k▼
Profit (loss) carried forward14€-10k€-18k▼
Amounts payable17/49€310k€314k▲
Amounts payable after more than one year17€300k€300k=
Financial debts170/4€300k€300k=
Amounts payable within one year42/48€10k€14k▲
Current portion of amounts payable after more than one year42€5k€276▼
Trade debts44€4k€8k▲
Suppliers440/4€4k€8k▲
Taxes, remuneration and social security45€67€105▲
Taxes450/3€37€75▲
Remuneration and social security454/9€30€30=
Other amounts payable47/48€1k€6k▲
Accrued charges and deferred income492/3-€127
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€28k▲
Other operating charges640/8€8k€7k▼
Gross operating margin9900€30k€24k▼
Operating profit (loss)9901€-6k€-12k▼
Financial income75/76B€3€686▲
Recurring financial income75€3€686▲
Financial charges65/66B€347€282▼
Recurring financial charges65€347€282▼
Profit (loss) for the period before taxes9903€-6k€-11k▼
Income taxes67/77€0€204▲
Profit (loss) for the period9904€-6k€-11k▼
Profit (loss) for the period to be appropriated9905€-6k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-18k▼
Profit (loss) brought forward from the previous period14P€-3k€-6k▼
The notes to these accounts (9 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 124current ratio 13.04
Current ratio from 0.11 to 13.04; short-term debt falls from €218k to €10k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €38k
Net result €38k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €202k ▲23.3%
Equity rises from €164k to €202k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
31-12
Financial
Weakest financial yearnet €-14k ▼254%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 1999
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.
Speistraat 449030 GentGround area
775 m²
Building footprint
422 m²
Volume, LiDAR
2,568 m³
Parcel 44038A0020/00E000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BRUNO NOEL
since 19992.090.439.971
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0020/00E000 | Flanders | 775 m² | 1 · 422 m² | 7.6 m · 2 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.
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PLASTI - SERRE VANDERSMISSEN
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Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 1,661 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 formPrivate limited company
Founded28-01-1999
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
23700Cutting, shaping and finishing of stone
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.