NOTAREUL · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of NOTAREUL is 0.4% (very low). The 2023 annual accounts show equity of €10k and a net result of €12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 14 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. 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 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	27-08-2025	27 d late	2025-00415587
31-12-2023	31-07-2024	30-08-2024	30 d late	2024-00416197
31-12-2022	31-07-2023	31-08-2023	31 d late	2023-00424312
31-12-2021	31-07-2022	08-07-2022	23 d early	2022-20175554
31-12-2020	31-07-2021	20-05-2021	72 d early	2021-14900598

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 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.4% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€12k-90.1%

Working capital€-301k

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 27-08-2025 with the NBB · fiscal year 2024 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~90% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€154k

-43.8% 20-23

Net profit

€12k

-90.1% 20-23

Cash flow

€148k

-38.9% 20-23

Total assets

€4.63M

-0.7% 20-23

Equity

€10k

-96.6% 20-23

Working capital

€-301k

- 20-23

Employees (FTE)

3

0.0% 20-23

Staff costs

€257k

+2.3% 20-23

Income taxes

€2k

-93.7% 20-23

Dividends

€297k

- 20-23

Debt

€4.62M

+5.8% 20-23

Debt ≤ 1y

€3.51M

+12.6% 20-23

Debt > 1y

€1.11M

-11.0% 20-23

Current ratio

0.91

-12.9% 20-23

Quick ratio

0.91

-12.9% 20-23

Solvency

0.2%

-96.6% 20-23

Debt / equity

461.67

+3017.7% 20-23

ROE

121.6%

+192.5% 20-23

ROA

0.3%

-90.0% 20-23

Interest coverage

21.66

-37.3% 20-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	volledig
Revenue	-
EBITDA	€154k
Net profit	€12k
Cash flow	€148k
Staff costs	€257k
Income taxes	€2k
Dividends	€297k
Total assets	€4.63M
Equity	€10k
Debt	€4.62M
of which ≤ 1y	€3.51M
of which > 1y	€1.11M
Working capital	€-301k
Employees (FTE)	3.0

Ratios (computed)

	2023
Current ratio	0.91
Quick ratio	0.91
Working capital ratio	-6.5%
Solvency	0.2%
Debt / equity	461.67
Long-term debt ratio	110.95
Interest coverage	21.66
Gross margin	-
Net margin	-
ROA	0.3%
ROE	121.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €1.42M · 30.7% Current assets €3.21M · 69.3%

Equity & liabilities

Equity €10k · 0.2% Debt €4.62M · 99.8%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€4.63M
Fixed assets	21/28	€1.42M
Intangible fixed assets	21	€589k
Tangible fixed assets	22/27	€831k
Current assets	29/58	€3.21M
Amounts receivable within one year	40/41	€103k
Cash & bank	54/58	€3.10M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€4.63M
Equity	10/15	€10k
Contributions / capital	10/11	€10k
Amounts payable	17/49	€4.62M
Amounts payable after one year	17	€1.11M
Amounts payable within one year	42/48	€3.51M
Trade debts payable within one year	44	€2.86M
Income statement
Gross operating margin	9900	€414k
Operating result	9901	€19k
Financial income	75	€2k
Financial charges	65	€7k
Result before taxes	9903	€14k
Income taxes	67/77	€2k
Net result for the period	9904	€12k
Result to be appropriated	9905	€12k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

45 / 100 Fair

050100

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 from Kantoor S.

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Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Place Franklin Roosevelt(MLZ) 17140 Morlanwelz

Establishment units

1 location

NOTAREUL

Place Franklin Roosevelt(MLZ) 1, 7140 MorlanwelzActiviteiten van notarissen

since 20202.311.579.878

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area867 m²

Buildings1

Building footprint165 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels 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.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
56057A1012/00C007	Wallonia	866 m²	1 · 165 m²	-

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

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

65 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 45

Profitability 100

Solvency 9

Growth 78

Stability 94

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