NOVARTSOFT
ActiveSummary
NOVARTSOFT has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €421k and a net result of €89k. Equity is growing by ~47.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
97
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 26.11 against 6.14 in 2024; short-term debt: 3.6% and cash: 74.7% of total assets), and 3.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.4%
Return on assets
20.4%
Age of the figures
16 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 16-12-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
11 d early
2023
9 d early
2022
3 d early
2021
121 d early
2020
15 d early
2019
32 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 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-05-2026 close24-09-2026 today31-12-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€421k▲ 26.8%
2024 · €332k
2019: €5k
2020: €81k
2021: €124k
2022: €184k
2023: €269k
2024: €332k
2019 → 2025
Total assets
€437k▲ 11.5%
2024 · €392k
2019: €91k
2020: €117k
2021: €168k
2022: €248k
2023: €307k
2024: €392k
2019 → 2025
Net result
€89k▼ 9.7%
2024 · €99k
2019: €-365k
2020: €92k
2021: €73k
2022: €99k
2023: €102k
2024: €99k
2019 → 2025
Working capital
€394k▲ 28.7%
2024 · €306k
2019: €18k
2020: €45k
2021: €100k
2022: €165k
2023: €242k
2024: €306k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€124k-€184k▲ 49.2%€269k▲ 45.8%€332k▲ 23.6%€421k▲ 26.8%
Operating result€80k-€109k▲ 35.3%€129k▲ 18.2%€139k▲ 8.4%€129k▼ 7.1%
Net result€73k-€99k▲ 35.9%€102k▲ 3.2%€99k▼ 3.7%€89k▼ 9.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €437k
Fixed assets
€27k ▲ 4.0%
Current assets
€410k ▲ 12.0%
Equity and liabilities €437k
Equity
€421k ▲ 26.8%
Debt
€16k ▼ 73.7%
Debt's share of the balance-sheet total falls from 15.2% to 3.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€134k▼
2024 · €146k
Cash flow
€94k▼
2024 · €105k
Current ratio
26.11▲
2024 · 6.14
Debt to equity
0.04▼
2024 · 0.18
ROE
21.1%▼
2024 · 29.7%
ROA
20.4%▼
2024 · 25.1%
Interest coverage
894.86▼
2024 · 1058.74
Debt ≤ 1 year
€16k▼
2024 · €60k
Income taxes
€42k▲
2024 · €42k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€392k€437k▲
Fixed assets21/28€26k€27k▲
Tangible fixed assets22/27€26k€27k▲
Land and buildings22€4k€7k▲
Plant, machinery and equipment23€11k€9k▼
Furniture and vehicles24€11k€11k▲
Current assets29/58€366k€410k▲
Amounts receivable after more than one year29€45k€45k=
Other amounts receivable291€45k€45k=
Amounts receivable within one year40/41€41k€33k▼
Trade receivables40€24k€17k▼
Other amounts receivable41€17k€16k▼
Cash at bank and in hand54/58€273k€326k▲
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€392k€437k▲
Equity10/15€332k€421k▲
Contributions10/11€6k€6k=
Reserves13€326k€415k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€326k€415k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€60k€16k▼
Amounts payable within one year42/48€60k€16k▼
Financial debts43-€10
Credit institutions430/8-€10
Trade debts44€8k€2k▼
Suppliers440/4€8k€2k▼
Taxes, remuneration and social security45€17k€14k▼
Taxes450/3€17k€14k▼
Other amounts payable47/48€35k€0▼
Income statement
Code20242025
Non-recurring operating income76A€1k€83▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€5k▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€149k€138k▼
Operating profit (loss)9901€139k€129k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€138€150▲
Recurring financial charges65€138€150▲
Profit (loss) for the period before taxes9903€140k€131k▼
Income taxes67/77€42k€42k▲
Profit (loss) for the period9904€99k€89k▼
Profit (loss) for the period to be appropriated9905€99k€89k▼
Appropriation of the result
Profit (loss) to be appropriated9906€99k€89k▼
Transfer to equity691/2€64k€89k▲
To other reserves6921€64k€89k▲
Profit to be distributed694/7€35k€0▼
Return on contributions (dividend)694€35k€0▼
The notes to these accounts (10 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
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-05
Financial
Liquidity quadruplescurrent ratio 26.11
Current ratio from 6.14 to 26.11; short-term debt falls from €60k to €16k.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-05
Financial
Highest result since 2019net €102k ▲3.2%
Net result €102k, the highest in the series.
31-05
Financial
Liquidity doublescurrent ratio 7.36
Current ratio from 3.59 to 7.36; short-term debt falls from €64k to €38k.
31-05
Financial
Equity above €200kEq €269k ▲45.8%
4 profitable years in a row build equity to €269k.
2022
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-05
Financial
Equity above €150kEq €184k ▲49.2%
3 profitable years in a row build equity to €184k.
2021
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-05
Financial
Equity above €100kEq €124k ▲51.6%
2 profitable years in a row build equity to €124k.
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
31-05
Financial
Back to profitnet €92k
Net result €92k after one loss-making year.
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
02-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Halle · 1 establishment unit since 1993
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.
Poststraat 441500 HalleGround area
47 m²
Building footprint
47 m²
Volume, LiDAR
365 m³
Parcel 23027G0005/00N000, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Poststraat 44, 1500 Halle
since 19932.060.675.027
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027G0005/00N000 | Flanders | 47 m² | 1 · 47 m² | 10.8 m · 3 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.
Similar companies · same sector, comparable size
ATHANOR
BE 0466.428.755
Wavre · Eq €421,141
ROISSIMMO
BE 0454.480.038
Schaarbeek · Eq €421,382
STRUCTURIZIT
BE 0699.515.401
Oudsbergen · Eq €421,388
PROCLUS
BE 0658.813.013
Ninove · Eq €421,045
NDP SERVICES
BE 0475.295.743
Brugge · Eq €421,464
Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 12,663 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
Founded07-01-1993
Fiscal year end31-05
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.