NOIRAM

Active

Private limited companyfounded 20188 yrs activeWolstraat 50, 1000 Brussel, BelgiumKBO/BCE: BE 0700.411.561

NOIRAM has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-9k) and a net result of €7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 37971 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

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Checked score

Score 2024

21 / 100

Critical▲ +14 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency42▲+2

Growth58▲+26

Stability100

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.9 against 0.78 in 2023), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-9.1%

Return on assets

6.9%

Age of the figures

20 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 37971 sector peers (2024).

NBB · sector comparison

Position among 37971 sector peers

Solvency

better than 9%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

21 d early

2023

12 d early

2022

11 d early

2021

30 d late

2020

26 d late

2019

89 d late

← before the deadline after the deadline →

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 2024, micro schema

Equity

€-9k▲ 43.3%

2023 · €-16k

2019: €-5k 2020: €3k 2021: €6k 2022: €6k 2023: €-16k

2019 → 2024

Total assets

€103k▲ 32.5%

2023 · €78k

2019: €53k 2020: €65k 2021: €86k 2022: €99k 2023: €78k

2019 → 2024

Net result

€7k

2023 · €-28k

2019: €-18k 2020: €9k 2021: €2k 2022: €5 2023: €-28k

2019 → 2024

Working capital

€-12k▲ 42.3%

2023 · €-20k

2019: €-13k 2020: €-2k 2021: €2k 2022: €4k 2023: €-20k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€3k-€6k▲ 66.3%€6k▲ 0.1%€-16k€-9k▲ 43.3%

Operating result€8k-€2k▼ 73.7%€145▼ 93.5%€-28k€7k

Net result€9k-€2k▼ 74.3%€5▼ 99.8%€-28k€7k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €7k after a loss of €28k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €103k

97.7%

Fixed assets €2k▼ 38.1%

Current assets €101k▲ 36.3%

Key figures and ratios

2024 value · change against 2023

EBITDA

€9k▲

2023 · €-26k

Cash flow

€9k▲

2023 · €-27k

Solvency

-9.1%▲

2023 · -21.2%

Current ratio

0.90▲

2023 · 0.78

Quick ratio

0.62▲

2023 · 0.45

Debt / equity

-12.00▼

2023 · -5.71

ROE

-76.3%▼

2023 · 171.2%

ROA

6.9%▲

2023 · -36.4%

Interest coverage

76.50▲

2023 · -262.69

Debt

€112k▲

2023 · €94k

Debt ≤ 1 year

€112k▲

2023 · €94k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€78k€103k▲

Fixed assets21/28€4k€2k▼

Tangible fixed assets22/27€4k€2k▼

Plant, machinery and equipment23€4k€2k▼

Current assets29/58€74k€101k▲

Stocks and contracts in progress3€31k€31k▼

Stocks30/36€31k€31k▼

Amounts receivable within one year40/41€1k€35k▲

Trade receivables40-€35k

Other amounts receivable41€1k-

Cash at bank and in hand54/58€41k€34k▼

Deferred charges and accrued income490/1€628€638▲

Equity and liabilities

Total equity and liabilities10/49€78k€103k▲

Equity10/15€-16k€-9k▲

Contributions10/11€19k€19k=

Profit (loss) carried forward14€-35k€-28k▲

Amounts payable17/49€94k€112k▲

Amounts payable within one year42/48€94k€112k▲

Trade debts44€2k€33k▲

Suppliers440/4€2k€33k▲

Taxes, remuneration and social security45€163€671▲

Taxes450/3€163€671▲

Other amounts payable47/48€92k€79k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼

Other operating charges640/8€384€387▲

Gross operating margin9900€-26k€9k▲

Operating profit (loss)9901€-28k€7k▲

Financial income75/76B€1€40▲

Recurring financial income75€1€40▲

Financial charges65/66B€101€114▲

Recurring financial charges65€101€114▲

Profit (loss) for the period before taxes9903€-28k€7k▲

Profit (loss) for the period9904€-28k€7k▲

Profit (loss) for the period to be appropriated9905€-28k€7k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-35k€-28k▲

Profit (loss) brought forward from the previous period14P€-7k€-35k▼

The notes to these accounts (4 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

All 9Financial 3Filings 6

2025

10-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €7k

Net result €7k after one loss-making year.

19-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-28k ▼547326%

Net result drops to €-28k, the lowest in the series; recovery starts the following year.

20-07

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

26-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 26 days late

2020

31-12

Financial Back to profitnet €9k

Net result €9k after one loss-making year.

28-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 89 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2021

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

24-08-2021 Resigned as Director

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2020

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.

Wolstraat 501000 Brussel

Ground area

370 m²

Building footprint

139 m²

Volume, LiDAR