Checked.be
Active
BE 0426.695.179Private limited company
Wim NOTTE
Industriepark 15 ·9820 Merelbeke-Melle, Belgium· 41 yrs active
Conclusion
Wim NOTTE has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €964k and a net result of €154k. Equity is growing by ~12.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €964k |
| Net result | €154k |
| Active | 41 yrs |
| Locations | 1 |
Financial profile
89
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
80
Solvency
96
Growth
71
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1985, 41 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.
Checked score
100
/ 100
Excellent
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.
Indicative credit limit
€95k
estimate, not credit advice
Score history
86
2021
100
2022
100
2023
100
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.00 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.00 (≥ 1.0)
+5
Leverage
Debt/equity 0.88 (< 1.0)
+10
Profitability
ROE 16% (≥ 10%)
+10
Interest coverage
Interest coverage 35.1× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 24-07-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~12.3%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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).
€210k
+7.5%
21-24
€207k
+6.6%
21-24
€154k
+19.9%
21-24
€213k
+13.6%
21-24
€1.81M
+6.3%
21-24
€964k
+0.4%
21-24
€797k
+0.8%
21-24
€58k
+23.4%
21-24
€150k
-
21-24
€849k
+14.0%
21-24
€266k
+153.1%
21-24
€578k
-9.2%
21-24
4.00
-53.1%
21-24
4.00
-53.1%
21-24
53.2%
-5.6%
21-24
0.88
+13.5%
21-24
16.0%
+19.4%
21-24
8.5%
+12.7%
21-24
61.3%
+12.3%
21-24
92.5%
-1.3%
21-24
35.05
+15.3%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | €210k | €195k | - |
| EBITDA | €207k | €194k | €183k | €167k |
| Net profit | €154k | €128k | €107k | €92k |
| Cash flow | €213k | €188k | €166k | €151k |
| Staff costs | - | - | - | - |
| Income taxes | €58k | €47k | €39k | €33k |
| Dividends | €150k | - | - | - |
| Total assets | €1.81M | €1.71M | €1.66M | €1.61M |
| Equity | €964k | €960k | €832k | €725k |
| Debt | €849k | €745k | €830k | €884k |
| of which ≤ 1y | €266k | €105k | €131k | €128k |
| of which > 1y | €578k | €637k | €695k | €753k |
| Working capital | €797k | €791k | €663k | €554k |
| Employees (FTE) | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 4.00 | 8.52 | 6.08 | 5.33 |
| Quick ratio | 4.00 | 8.52 | 6.08 | 5.33 |
| Working capital ratio | 43.9% | 46.4% | 39.9% | 34.4% |
| Solvency | 53.2% | 56.3% | 50.0% | 45.1% |
| Debt / equity | 0.88 | 0.78 | 1.00 | 1.22 |
| Long-term debt ratio | 0.60 | 0.66 | 0.84 | 1.04 |
| Interest coverage | 35.05 | 30.41 | 26.60 | 22.68 |
| Gross margin | - | 98.8% | 98.7% | - |
| Net margin | - | 61.3% | 54.6% | - |
| ROA | 8.5% | 7.5% | 6.4% | 5.7% |
| ROE | 16.0% | 13.4% | 12.8% | 12.7% |
| EBITDA margin | - | 92.5% | 93.8% | - |
| Days sales outstanding | - | 1550d | 5d | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.81M | €1.71M | €1.66M | €1.61M |
| Fixed assets | 21/28 | €751k | €810k | €869k | €928k |
| Tangible fixed assets | 22/27 | €751k | €810k | €869k | €928k |
| Current assets | 29/58 | €1.06M | €896k | €793k | €682k |
| Amounts receivable within one year | 40/41 | €890k | €890k | €790k | €669k |
| Cash & bank | 54/58 | €173k | €4k | €3k | €13k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.81M | €1.71M | €1.66M | €1.61M |
| Equity | 10/15 | €964k | €960k | €832k | €725k |
| Contributions / capital | 10/11 | €52k | €52k | €52k | €52k |
| Reserves | 13 | €911k | €908k | €780k | €673k |
| Accumulated profits (losses) | 14 | €902 | - | - | - |
| Amounts payable | 17/49 | €849k | €745k | €830k | €884k |
| Amounts payable after one year | 17 | €578k | €637k | €695k | €753k |
| Amounts payable within one year | 42/48 | €266k | €105k | €131k | €128k |
| Income statement | |||||
| Turnover | 70 | - | €210k | €195k | - |
| Gross operating margin | 9900 | €219k | €207k | €193k | €177k |
| Operating result | 9901 | €148k | €135k | €124k | €108k |
| Financial income | 75 | €70k | €47k | €28k | €24k |
| Financial charges | 65 | €6k | €6k | €7k | €7k |
| Result before taxes | 9903 | €212k | €175k | €145k | €125k |
| Income taxes | 67/77 | €58k | €47k | €39k | €33k |
| Net result for the period | 9904 | €154k | €128k | €107k | €92k |
| Result to be appropriated | 9905 | €154k | €128k | €107k | €92k |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 14-01-1985 |
| Status | Active |
| Postal code | 9820 |
Establishment units
Industriepark 15, 9820 Merelbeke-Melle
since 19852.026.136.592
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44413A0057/00H000 | Flanders | 4,042 m² | 1 · 1,290 m² | 7.5 m · 2 fl. |
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.
Updates
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €154k ▲19.9%
Operating result €148k, net result €154k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 42 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Names & trade names
| Legal nameNL | Wim NOTTE |