Skip to content

NOSHAQ SPIN-OFFS

Active
Public limited companyfounded 199827 yrs activeRue Lambert-Lombard 3, 4000 Liège, BelgiumKBO/BCE: BE 0465.001.172
Summary

NOSHAQ SPIN-OFFS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18.15M and a net result of €6.55M. Equity is growing by ~57.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 3187 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
68 / 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▼-6
Solvency51▲+2
Growth79▲+2
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 11.77 against 9.75 in 2024; short-term debt: 5.8% and cash: 1.6% of total assets), but 73.8% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 27 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
26.2%
Return on assets
9.5%
Age of the figures
15 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-12-2025, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
45 d early
2024
49 d early
2023
48 d early
2022
42 d early
2021
40 d early
2020
54 d early
2019
50 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
neutral · 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 2025, full schema

Turnover
€152k▲ 24.0%
2024 · €123k
2019: €67k 2020: €76k 2021: €114k 2022: €113k 2023: €115k 2024: €123k
2019 → 2025
EBIT margin
-229.8%▲ 39.9pp
2024 · -269.6%
2019: -417.3% 2020: -387.9% 2021: -302.4% 2022: -255.4% 2023: -254.7% 2024: -269.6%
2019 → 2025
Net result
€6.55M▼ 12.6%
2024 · €7.49M
2019: €1.55M 2020: €-91k 2021: €2.67M 2022: €-1.14M 2023: €7.08M 2024: €7.49M
2019 → 2025
Working capital
€43.29M▲ 26.5%
2024 · €34.23M
2019: €16.00M 2020: €19.54M 2021: €18.74M 2022: €17.46M 2023: €25.96M 2024: €34.23M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€114k-€113k▼ 1.1%€115k▲ 2.0%€123k▲ 6.8%€152k▲ 24.0%
Equity€5.19M-€4.05M▼ 22.0%€11.13M▲ 175%€14.87M▲ 33.7%€18.15M▲ 22.0%
Operating result€-345k-€-288k▲ 16.5%€-293k▼ 1.7%€-331k▼ 13.1%€-350k▼ 5.7%
Net result€2.67M-€-1.14M€7.08M€7.49M▲ 5.9%€6.55M▼ 12.6%
Result per fiscal year
Operating resultNet result
€-2.50M€0€2.50M€5.00M€7.50MOperating result 2021: €-345k€-345kNet result 2021: €2.67M€2.67MOperating result 2022: €-288k€-288kNet result 2022: €-1.14M€-1.14MOperating result 2023: €-293k€-293kNet result 2023: €7.08M€7.08MOperating result 2024: €-331k€-331kNet result 2024: €7.49M€7.49MOperating result 2025: €-350k€-350kNet result 2025: €6.55M€6.55M20212022202320242025€-2M€0€2M€4M€6M€8MOperating result 2023: €-293k€-293kNet result 2023: €7.08M€7.1MOperating result 2024: €-331k€-331kNet result 2024: €7.49M€7.5MOperating result 2025: €-350k€-350kNet result 2025: €6.55M€6.6M202320242025
The operating result stays negative: a loss of €350k in 2025 against €331k 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 €69.17M
Fixed assets €21.86M ▼ 12.7%
Current assets €47.31M ▲ 24.0%
Equity and liabilities €69.17M
Equity €18.15M ▲ 22.0%
Provisions €435k =
Debt €50.59M ▲ 5.6%
Debt's share of the balance-sheet total falls from 75.8% to 73.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
11.77
2024 · 9.75
Debt to equity
2.79
2024 · 3.22
ROE
36.1%
2024 · 50.4%
ROA
9.5%
2024 · 11.9%
Debt ≤ 1 year
€4.02M
2024 · €3.91M
Debt > 1 year
€46.50M
2024 · €43.46M
Income taxes
€-169k
2024 · €178k
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 · 76 lines
Balance sheet Code20242025
Assets
Total assets20/58€63.20M€69.17M
Fixed assets21/28€25.06M€21.86M
Financial fixed assets28€25.06M€21.86M
Affiliated companies280/1€501k€501k=
Participating interests280€501k€501k=
Companies linked by participating interests282/3€15.83M€12.12M
Participating interests282€14.59M€11.89M
Amounts receivable283€1.24M€233k
Other financial fixed assets284/8€8.72M€9.24M
Shares284€7.09M€7.84M
Amounts receivable and cash guarantees285/8€1.63M€1.40M
Current assets29/58€38.14M€47.31M
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€12.40M€15.30M
Trade receivables40€429k€108k
Other amounts receivable41€11.97M€15.20M
Current investments50/53€23.31M€30.73M
Other investments51/53€23.31M€30.73M
Cash at bank and in hand54/58€2.08M€1.12M
Deferred charges and accrued income490/1€346k€161k
Equity and liabilities
Total equity and liabilities10/49€63.20M€69.17M
Equity10/15€14.87M€18.15M
Contributions10/11€750k€750k=
Capital10€750k€750k=
Issued capital100€750k€750k=
Reserves13€9.74M€13.01M
Non-distributable reserves130/1€9.74M€13.01M
Legal reserve130€75k€75k=
Reserves not available under the articles1311€9.66M€12.94M
Profit (loss) carried forward14€4.38M€4.38M=
Provisions and deferred taxes16€435k€435k=
Provisions for liabilities and charges160/5€435k€435k=
Other liabilities and charges164/5€435k€435k=
Amounts payable17/49€47.89M€50.59M
Amounts payable after more than one year17€43.46M€46.50M
Other amounts payable178/9€43.46M€46.50M
Amounts payable within one year42/48€3.91M€4.02M
Trade debts44€10k€459k
Suppliers440/4€10k€459k
Taxes, remuneration and social security45€40k€84k
Taxes450/3€40k€84k
Other amounts payable47/48€3.86M€3.48M
Accrued charges and deferred income492/3€510k€71k
Income statement Code20242025
Operating income70/76A€123k€152k
Turnover70€123k€152k
Other operating income74€197€0
Operating charges60/66A€454k€502k
Services and other goods61€445k€484k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€12k
Other operating charges640/8€5k€6k
Non-recurring operating charges66A€0-
Operating profit (loss)9901€-331k€-350k
Financial income75/76B€9.86M€12.30M
Recurring financial income75€1.11M€1.12M
Income from financial fixed assets750€353k€126k
Income from current assets751€753k€989k
Other financial income752/9€0€7k
Non-recurring financial income76B€8.75M€11.18M
Financial charges65/66B€1.86M€5.57M
Recurring financial charges65€146k€589k
Debt charges650€140k€278k
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€981€306k
Other financial charges652/9€5k€5k
Non-recurring financial charges66B€1.71M€4.98M
Profit (loss) for the period before taxes9903€7.67M€6.38M
Income taxes67/77€178k€-169k
Taxes670/3€178k€0
Tax adjustments and reversals of tax provisions77-€169k
Profit (loss) for the period9904€7.49M€6.55M
Profit (loss) for the period to be appropriated9905€7.49M€6.55M
Appropriation of the result
Profit (loss) to be appropriated9906€11.88M€10.94M
Profit (loss) brought forward from the previous period14P€4.38M€4.38M=
Transfer to equity691/2€3.75M€3.28M
To other reserves6921€3.75M€3.28M
Profit to be distributed694/7€3.75M€3.28M
Return on contributions (dividend)694€3.75M€3.28M

The notes to these accounts (87 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2025
22-12
State Gazette act Resignations: Matthieu De Winter, Marielle PAPY and 2 others
Appointments: Deborah GERADON, Sylvie ROUCHE and 2 others11 facts ▸
  • Board meeting, 23-05-2025
  • Director resignation, Matthieu De Winter (director)
  • Board meeting, 03-10-2025
  • Director resignation, Marielle PAPY (director)
  • Director resignation, Joyce WIECZOREK (director)
  • General meeting, 28-11-2025
  • Director appointment, Deborah GERADON (director)
  • Director appointment, Sylvie ROUCHE (director)
  • Director appointment, Michaël VANLOUBBEECK (director)
  • Director resignation, Jean-Michel JAVAUX (director)
  • Director appointment, Marielle PAPY (director)
17-12
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2024
31-12
State Gazette act Resignations: NOSHAQ S.A., NOSHAQ PARTNERS S.R.L. and 4 others
Appointments: Benoît FELLIN, Jean-Michel JAVAUX and 14 others · Mandate compensation · Registered-office move32 facts ▸
  • Board meeting, 01-12-2023
  • Director resignation, NOSHAQ S.A. (daily management delegate)
  • Director appointment, Benoît FELLIN (daily management delegate)
  • Mandate compensation, Benoît FELLIN
  • Board meeting, 15-11-2024
  • Director appointment, Benoît FELLIN (daily management delegate)
  • Director appointment, Jean-Michel JAVAUX (chair of the board)
  • Director appointment, Valérie SARETTO (vice présidente du conseil d'administration)
  • Registered-office move, Rue Lambert Lombard 3, 4000 Liège
  • General meeting, 12-11-2024
  • Director resignation, NOSHAQ S.A. (director)
  • Director resignation, NOSHAQ PARTNERS S.R.L. (director)
  • +20 further facts in this act
27-12
State Gazette act Registered office · Capital & shares · Statutes amendment
Share transfer · Statutes amendment · Capital4 facts ▸
  • General meeting, 20-12-2024
  • Share transfer, GESVAL → NOSHAQ
  • Statutes amendment
  • Capital, €750.000
13-12
NBB filing Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial Highest result since 2019net €7.49M ▲5.9%
Net result €7.49M, the highest in the series.
05-01
State Gazette act Appointments: PwC REVISEURS D'ENTREPRISES S.R.L. (statutory auditor) and BDO REVISEURS D'ENTREPRISES S.R.L. (statutory auditor)
Permanent representatives: Mélanie ADORANTE and Cédric ANTONELLI5 facts ▸
  • General meeting, 17-11-2023
  • Auditor appointment, PwC REVISEURS D'ENTREPRISES S.R.L.
  • Permanent representative, Mélanie ADORANTE
  • Auditor appointment, BDO REVISEURS D'ENTREPRISES S.R.L.
  • Permanent representative, Cédric ANTONELLI
2023
14-12
NBB filing Annual accounts filed
fiscal year 2023 · full schema
06-12
State Gazette act Purpose · Statutes amendment
Purpose change · Statutes amendment · Capital5 facts ▸
  • General meeting, 01-12-2023
  • Purpose change, La société a pour objet de promouvoir la création et le développement d'entreprises industrielles, commerciales ou de services ainsi que la création d'emploi pr…
  • Statutes amendment
  • Capital, €750.000
  • Statutes amendment
30-06
Financial Back to profitnet €7.08M
Net result €7.08M after one loss-making year.
30-06
Financial Equity above €10MEq €11.13M ▲175%
Equity rises from €4.05M to €11.13M.
23-01
State Gazette act Resignations: Fabrice BUREAU (director) and Pierre WOLPER (director)
Appointments: GESVAL (director) and Michel MOUTSCHEN (director) · Permanent representative: Sophie NYSSEN6 facts ▸
  • Board meeting, 18-10-2022
  • Director resignation, Fabrice BUREAU (director)
  • Director resignation, Pierre WOLPER (director)
  • Director appointment, GESVAL (director)
  • Permanent representative, Sophie NYSSEN
  • Director appointment, Michel MOUTSCHEN (director)
Show earlier events
2022
20-12
NBB filing Annual accounts filed
fiscal year 2022 · full schema
12-07
State Gazette act Permanent representatives: Patrick MORTROUX, Mélanie ADORANTE and 3 others
8 facts ▸
  • Board meeting, 25-03-2022
  • Permanent representative, Patrick MORTROUX (permanent representative)
  • Permanent representative, Mélanie ADORANTE (permanent representative)
  • Board meeting, 03-06-2022
  • Permanent representative, Benoît FELLIN (permanent representative)
  • Permanent representative, Eric BRANDT (permanent representative)
  • Permanent representative, Joanna TYREKIDIS (permanent representative)
  • Permanent representative, Benoît FELLIN (permanent representative)
30-06
Financial Weakest financial yearnet €-1.14M ▼143%
Net result drops to €-1.14M, the lowest in the series; recovery starts the following year.
19-01
State Gazette act Permanent representative: Gaëtan SERVAIS
Resignation: Gaëtan SERVAIS (director) · Appointments: Joanna TYREKIDIS, VENTURE COACHING S.C. and 5 others13 facts ▸
  • Board meeting, 26-11-2021
  • Permanent representative, Gaëtan SERVAIS
  • Director resignation, Gaëtan SERVAIS (director)
  • Director appointment, Joanna TYREKIDIS (director)
  • General meeting, 08-12-2021
  • Director appointment, VENTURE COACHING S.C. (director)
  • Director appointment, Fabrice BUREAU (director)
  • Director appointment, GESVAL S.A. (director)
  • Director appointment, NOSHAQ PARTNERS S.C. (director)
  • Director appointment, NOSHAQ (director)
  • Director appointment, NOSHAQ EUROPE 3 S.A. (director)
  • Board meeting, 08-12-2021
  • +1 further facts in this act
2021
22-12
NBB filing Annual accounts filed
fiscal year 2021 · full schema
01-09
State Gazette act Appointments: S.C.R.L. B.D.O., Réviseurs d'Entreprises (réviseur d'entreprises) and S.C.R.L. PWC (réviseur d'entreprises)
Mandate compensation4 facts ▸
  • General meeting, 27-11-2020
  • Auditor appointment, S.C.R.L. B.D.O., Réviseurs d'Entreprises (réviseur d'entreprises)
  • Auditor appointment, S.C.R.L. PWC (réviseur d'entreprises)
  • Mandate compensation, e2,e4
30-06
Financial Back to profitnet €2.67M
Net result €2.67M after one loss-making year.
30-06
Financial Equity above €5MEq €5.19M ▲106%
Equity rises from €2.52M to €5.19M.
2020
08-12
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2019
12-12
NBB filing Annual accounts filed
fiscal year 2019 · full schema
23-07
State Gazette act Resignations: Eric HAUBRUGE (director) and Albert CORHAY (director)
Appointments: GESVAL (director) and Fabrice Bureau (director) · Permanent representative: Pierre WOLPER6 facts ▸
  • General meeting, 18-12-2018
  • Director resignation, Eric HAUBRUGE (director)
  • Director resignation, Albert CORHAY (director)
  • Director appointment, GESVAL (director)
  • Permanent representative, Pierre WOLPER
  • Director appointment, Fabrice Bureau (director)
20-06
State Gazette act Statutes amendment · Resignations & appointments
Name change · Statutes amendment6 facts ▸
  • General meeting, 29/05/2019
  • Name change, NOSHAQ SPIN-OFFS
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
2018
20-12
NBB filing Annual accounts filed
fiscal year 2018 · full schema
30-10
State Gazette act Appointments: B.D.O. (statutory auditor) and PRICE WATERHOUSE COOPERS (statutory auditor)
3 facts ▸
  • General meeting, 29-11-2017
  • Auditor appointment, B.D.O. (statutory auditor)
  • Auditor appointment, PRICE WATERHOUSE COOPERS (statutory auditor)
05-01
State Gazette act Reappointments: Eric HAUBRUGE, Albert CORHAY and 4 others
Permanent representatives: Nathalie BENOIT and Marc FOIDART9 facts ▸
  • General meeting, 09-11-2016
  • Director reappointment, Eric HAUBRUGE (director)
  • Director reappointment, Albert CORHAY (director)
  • Director reappointment, VENTURE COACHING (director)
  • Director reappointment, MEUSINVEST (director)
  • Director reappointment, INVESTPARTNER (director)
  • Director reappointment, OUSIA OPERATIONS (director)
  • Permanent representative, Nathalie BENOIT (director)
  • Permanent representative, Marc FOIDART (managing director)
2017
11-12
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2016
01-12
NBB filing Annual accounts filed
fiscal year 2016 · full schema
22-04
State Gazette act Appointments: Albert CORHAY, OUSIA OPERATIONS and VENTURE COACHING
Resignation: Michel MORANT (day-to-day manager) · Permanent representative: Nathalie BENOIT9 facts ▸
  • Board meeting, 06-11-2015
  • Director appointment, Albert CORHAY (chair of the board)
  • Board meeting, 11-12-2015
  • Director resignation, Michel MORANT (day-to-day manager)
  • Director appointment, OUSIA OPERATIONS (day-to-day manager)
  • Board meeting, 01-02-2016
  • Director appointment, VENTURE COACHING (director)
  • Permanent representative, Nathalie BENOIT
  • Director resignation, Michel MORANT (director)
2015
23-02
State Gazette act Appointments: OUSIA OPERATIONS, Eric HAUBRUGE and 2 others
Resignation: Bernard RENTIER (director)6 facts ▸
  • General meeting, 21-11-2014
  • Director appointment, OUSIA OPERATIONS (director)
  • Director resignation, Bernard RENTIER (director)
  • Director appointment, Eric HAUBRUGE (director)
  • Auditor appointment, B.D.O.
  • Auditor appointment, PRICEWATERHOUSECOOPERS
2014
27-08
State Gazette act Resignation: SPRL FAXIM (director)
Appointment: SPRL OUSIA OPERATIONS (director) · Permanent representative: Marc FOIDART5 facts ▸
  • Board meeting, 07-07-2014
  • Director resignation, SPRL FAXIM (director)
  • Director appointment, SPRL OUSIA OPERATIONS (director)
  • Permanent representative, Marc FOIDART
  • Permanent representative, Marc FOIDART
2013
22-05
State Gazette act Resignation: INVEST SERVICES (director)
Appointment: FAXIM (director) · Permanent representatives: Freddy MEURS, Marc FOIDART and 2 others · Board category designation16 facts ▸
  • Board meeting, 27-03-2013
  • Director resignation, INVEST SERVICES (director)
  • Director appointment, FAXIM (director)
  • Director appointment, FAXIM (managing director)
  • Permanent representative, Freddy MEURS
  • Permanent representative, Marc FOIDART
  • Permanent representative, Gaëtan SERVAIS
  • Permanent representative, Fabian MARCQ
  • Board composition, Bernard RENTIER (chair)
  • Board composition, Albert CORHAY (director)
  • Board composition, Michel MORANT (managing director)
  • Board composition, MEUSINVEST (director)
  • +4 further facts in this act
2012
22-02
State Gazette act Appointments: Bernard RENTIER, Albert CORHAY and 5 others
Permanent representatives: Gaëtan SERVAIS and Freddy MEURS · Resignations: DELBROUCK, CAMMARATA, GILLES et ASSOCIES (statutory auditor) and B.D.O. (statutory auditor)12 facts ▸
  • General meeting, 18-11-2011
  • Director appointment, Bernard RENTIER (director)
  • Director appointment, Albert CORHAY (director)
  • Director appointment, Michel MORANT (director)
  • Director appointment, MEUSINVEST (director)
  • Permanent representative, Gaëtan SERVAIS
  • Director appointment, INVEST SERVICES (director)
  • Permanent representative, Freddy MEURS
  • Director resignation, DELBROUCK, CAMMARATA, GILLES et ASSOCIES (statutory auditor)
  • Director resignation, B.D.O. (statutory auditor)
  • Auditor appointment, B.D.O.
  • Auditor appointment, PRICEWATERHOUSECOOPERS
2011
22-11
State Gazette act Reappointments: BDO REVISEURS D'ENTREPRISES (statutory auditor) and BCG & Associés REVISEURS D'ENTREPRISES (statutory auditor)
3 facts ▸
  • General meeting, 19-11-2010
  • Auditor reappointment, BDO REVISEURS D'ENTREPRISES
  • Auditor reappointment, BCG & Associés REVISEURS D'ENTREPRISES
03-02
State Gazette act Appointment: INVESTPARTNER (director)
Resignation: LIEGE CONSULTING (director) · Permanent representative: Fabian MARCQ4 facts ▸
  • General meeting, 20-11-2009
  • Director appointment, INVESTPARTNER (director)
  • Director resignation, LIEGE CONSULTING (director)
  • Permanent representative, Fabian MARCQ
2005
12-07
State Gazette act Capital & shares · Statutes amendment
Capital · Capital decrease · Capital increase7 facts ▸
  • General meeting, 24-06-2005
  • Capital, €991.574,1
  • Capital decrease, €-385.455,6
  • Capital increase, €143.881,5
  • Capital, €750.000
  • Statutes amendment
  • Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
29 directors, no change since 2025
Marielle PAPY
Director · since 28-11-2025
Current
Michaël VANLOUBBEECK
Director · since 28-11-2025
Current
GERADON Deborah
Director · since 03-10-2025
Current
Sylvie ROUCHE
Director · since 03-10-2025
Current
Christine Defraigne
Director · since 12-11-2024
Current
Christophe LECLERCQ
Director · since 12-11-2024
Current
23 other directors
Eric DEWINGAERDEN
Director · since 12-11-2024
Current
Henri LEMAITRE
Director · since 12-11-2024
Current
Jean-Christophe PETERKENNE
Director · since 12-11-2024
Current
Joana WITHOFS
Director · since 12-11-2024
Current
Jérôme HARDY
Director · since 12-11-2024
Current
NETHYS S.A.
Director · since 12-11-2024 · Legal entity
Current
Nicolas DUMAZY
Director · since 12-11-2024
Current
Pascal CARLENS
Director · since 12-11-2024
Current
Valérie SARETTO
Vice présidente du conseil d'administration · since 12-11-2024
Current
FELLIN Benoît
Daily management delegate · since 01-12-2023
Current
NOSHAQ
Director · since 08-12-2021 · Legal entity · perm. rep.: Gaëtan SERVAIS
Current
S.A. NOSHAQ EUROPE 3
Director · since 08-12-2021 · Legal entity
Current
S.C. NOSHAQ PARTNERS
Director · since 08-12-2021 · Legal entity
Current
VENTURE COACHING S.C.
Director · since 08-12-2021 · Legal entity
Current
Joanna TYREKIDIS
Director · since 10-11-2021
Current
GESVAL
Director · since 18-12-2018 · Legal entity · perm. rep.: Pierre WOLPER
Current
NOSHAQ
Director · since 09-11-2016 · Public limited company
Not recently confirmed
NOSHAQ PARTNERS
Director · since 01-01-2009 · Private limited company · perm. rep.: Fabian MARCQ
Not recently confirmed
OUSIA OPERATIONS
Director · since 07-07-2014 · Private limited company · perm. rep.: Marc FOIDART
Not recently confirmed
VENTURE COACHING
Director · since 09-11-2016 · Private limited company
Not recently confirmed
OUSIA OPERATIONS
Day-to-day manager · since 07-07-2014 · Legal entity
Not recently confirmed
VENTURE COACHING
Director · since 01-02-2016 · Legal entity · perm. rep.: Nathalie BENOIT
Not recently confirmed
MEUSINVEST
Director · since 30-09-2011 · Legal entity · perm. rep.: Gaëtan SERVAIS
Not recently confirmed
28-11-2025 Michaël VANLOUBBEECK: Appointed as Director
28-11-2025 Jean-Michel Javaux: Resigned as Director
03-10-2025 GERADON Deborah: Appointed as Director
03-10-2025 Sylvie ROUCHE: Appointed as Director
23-09-2025 Marielle PAPY: Reappointed as Director
Full history in the Timeline (72 changes) →
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1999
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.

Rue Lambert-Lombard 34000 Liège
Ground area
816 m²
Building footprint
308 m²
Volume, LiDAR
4,633 m³
Parcel 62063A0171/00B000, Wallonia · tallest building 36.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
NOSHAQ SPIN-OFFS
Rue Lambert-Lombard 3, 4000 LiègeNACE 7412401
since 19992.091.271.696
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62063A0171/00B000
ProtectedMonument
Wallonia 816 m² 1 · 308 m² 36.4 m · 5 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Statutory auditor

1 auditor
PricewaterhouseCoopers Reviseurs d'EntreprisesCurrent
Auditor · represented by Mélanie ADORANTE
17-11-2023 → present
Show 10 earlier auditors
B.D.O.
Auditor
18-11-2011 → 25-11-2011
BCG & ASSOCIES, REVISEURS D'ENTREPRISES
Auditor
succeeded by O.D.B. in 2014
19-11-2010 → 21-11-2014
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
Auditor · represented by Cédric ANTONELLI
succeeded by S.C. S.C.R.L. B.D.O. Réviseurs d'Entreprises in 2020
29-11-2017 → 27-11-2020
BDO Réviseurs d'Entreprises
Auditor
succeeded by O.D.B. in 2014
19-11-2010 → 21-11-2014
Delbrouck, Cammarata, Gilles et Associés
Statutory auditor
- → 30-05-2011
O.D.B.
Auditor
succeeded by BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES in 2017
21-11-2014 → 29-11-2017
Price Waterhouse Coopers
Statutory auditor
succeeded by S.C. S.C.R.L. B.D.O. Réviseurs d'Entreprises in 2020
29-11-2017 → 27-11-2020
PricewaterhouseCoopers
Auditor
succeeded by O.D.B. in 2014
18-11-2011 → 21-11-2014
PwC S.C.C.R.L.
Réviseur d'entreprises · represented by Patrick MORTROUX
succeeded by PricewaterhouseCoopers Reviseurs d'Entreprises in 2023
27-11-2020 → 17-11-2023
S.C. S.C.R.L. B.D.O. Réviseurs d'Entreprises
Réviseur d'entreprises · represented by Cédric ANTONELLI
succeeded by PricewaterhouseCoopers Reviseurs d'Entreprises in 2023
27-11-2020 → 17-11-2023

Articles of association

Purpose
La société a pour objet de promouvoir la création et le développement d’entreprises industrielles, commerciales ou de services ainsi que la création d’emploi prioritairement en…
Full purpose

La société a pour objet de promouvoir la création et le développement d’entreprises industrielles, commerciales ou de services ainsi que la création d’emploi prioritairement en Province de Liège, en privilégiant les projets présentant un caractère innovant soit au niveau de leurs produits ou services, soit au niveau des procédés et méthodes utilisés pour réaliser ou mettre à disposition ces produits et services, et ce tant par des apports financiers qu'au travers de la fourniture directe ou indirecte de conseils et, accessoirement, de l'exécution de tous travaux d'aide à la gestion, d'organisation, d'études (notamment de faisabilité, de marché, d'industrialisation, de commercialisation), d'expertises et d'analyses, liés à l'objet de la société. La société peut utiliser toutes les techniques de financement, quelles qu'elles soient, susceptibles de favoriser directement ou indirectement, la réalisation de son objet. Elle peut notamment prendre et gérer des participations, accorder des prêts de tous types, souscrire à des emprunts de tous types, donner des garanties ou des cautionnements, faire des apports et renoncer à toute créance. Dans ce cadre, elle peut accepter et assumer des mandats d'administrateur, d’observateur ou de liquidateur dans d’autres sociétés. Dans l’affectation de ses moyens, la société privilégiera les techniques de financement qui assurent le retour à terme des fonds vers la société. Elle peut en outre effectuer toutes opérations ou transactions mobilières, immobilières ou financières se rapportant directement ou indirectement à son objet. La société consacrera ses moyens principalement à des projets de spin-off, spin-out ou entreprises mettant en œuvre une innovation technologique, visant à valoriser un produit, un procédé ou un service conçu et développé au travers d'une société existante ou à créer et/ou à en assurer la conception, production et la commercialisation, ou toute autre initiative permettant la réalisation de son objet, en ce compris l’intervention dans des fonds d’investissement.

Structure & network

Connections & network

99 connected companies
Marielle PAPY, Shared director, links 16 companies MPMarielle PAPYAssociation Hospitalière Sambre et Meuse, via Marielle PAPY AHAssociationHospitalière…CAP Mobilité Namur, via Marielle PAPY CMCAP MobilitéNamurCentrale de Services à Domicile de la Province de Namur - Réseau Solidaris, via Marielle PAPY CDCentrale deServices à…CENTRE DE PLANNING FAMILIAL DE LA PROVINCE DE NAMUR -RESEAU SOLIDARIS, via Marielle PAPY CDCENTRE DEPLANNING…Centre de Santé du Namurois - Réseau Solidaris, via Marielle PAPY CDCentre deSanté du…ESENCA – LIAGES de la Province de Namur – Réseau Solidaris - Réseau Solidaris, via Marielle PAPY ELESENCALIAGES de la…Fédération des Centres de Services à Domicile, via Marielle PAPY FDFédération desCentres de…La Maison d'Enfants Solidaris, via Marielle PAPY LMLa Maisond'Enfants…Latitudes J de la province de Namur, via Marielle PAPY LJLatitudes J dela province…LIAGES ASBL, via Marielle PAPY LALIAGES ASBLNOSHAQ ENERGY, via Marielle PAPY NENOSHAQ ENERGYNOSHAQ EUROPE 3, via Marielle PAPY NENOSHAQ EUROPE3NOSHAQ IMMO, via Marielle PAPY NINOSHAQ IMMONOSHAQ SPIN-OFFS NOSHAQSPIN-OFFS0465.001.172
Shared directors
Linked via shared directors
Show 95 more companies with a shared director
Centre de Santé du Namurois - Réseau Solidaris
via Marielle PAPY · Administratrice déléguée du comité de gestion
Latitudes J de la province de Namur
via Marielle PAPY · Directrice générale du réseau (comité de gestion)
LIAGES ASBL
via Marielle PAPY · Director
NEWELEC
via Christophe LECLERCQ · Membre du comex
NOSHAQ EUROPE 3
via Marielle PAPY, GERADON Deborah and 6 others · Director
NOSHAQ IMMO
via Marielle PAPY, Valérie SARETTO and 6 others · Director
SORALIA DE LA PROVINCE DE NAMUR-RESEAU SOLIDARIS
via Marielle PAPY · Directrice générale du réseau (comité de gestion)
SPAQuE
via Valérie SARETTO · Director
former
former
Luminus
via GERADON Deborah · Class A director
former
Mutualité Solidaris Wallonie
via GERADON Deborah · Administratrice de la mutualité
former
former
SPI
via GERADON Deborah · Director
former
former
CER-Groupe
Shared director
ECODOTA-ECOLO FEDERAL
Shared director
EPIMEDE
Shared director
ETOPIA
Shared director
GESVAL
Shared director
ID CAMPUS ASBL
Shared director
Mnema
Shared director
PUBLIGAZ
Shared director
STANDARD DE LIEGE
Shared director
TECHNIFUTUR
Shared director
AEROSPACELAB
Shared corporate director
AMPACIMON
Shared corporate director
ANATIS
Shared corporate director
AQUATIC SCIENCE
Shared corporate director
BIO-SOURCING
Shared corporate director
CAPITANE COOP
Shared corporate director
CinemaNext
Shared corporate director
ECOSTAL GROUP
Shared corporate director
EKLO
Shared corporate director
GALLER BOUTIQUES
Shared corporate director
GALLER HOLDING
Shared corporate director
GAMBIT Financial Solutions
Shared corporate director
HOLDING PCS
Shared corporate director
IGNITY
Shared corporate director
INVENTURES
Shared corporate director
JD'C INNOVATION
Shared corporate director
LA CHOCOLATERIE GALLER
Shared corporate director
LIFEPOWR
Shared corporate director
MAN & SCIENCE
Shared corporate director
NAMUR INVEST INNOVATION ET CROISSANCE
Shared corporate director
NETWORK RESEARCH BELGIUM
Shared corporate director
NOMICS
Shared corporate director
NSI IT Software & Services
Shared corporate director
ONCORADIOMICS
Shared corporate director
PROCO-IMMO
Shared corporate director
PROTECTION UNIT GROUP
Shared corporate director
Schaeffler Aerosint
Shared corporate director
superdog
Shared corporate director
TEMPORA
Shared corporate director
TRASIS
Shared corporate director
WIDETECH
Shared corporate director
Wishbone
Shared corporate director

Ownership & control

1 board mandate
Board mandates of this companythis company sits on their board1
1 location

Capital and shareholders

Shareholders according to the acts
Share transfer act of 27-12-2024 ↗
  • GESVAL to NOSHAQ 2,290 shares

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 27-12-2024 Capital stated in 2 acts · 750,000 EUR · 4,580 shares
  2. 12-07-2005 Capital reduction of 385,455.60 EUR · to 606,118.50 EUR · to absorb losses
  3. 12-07-2005 Capital increase of 143,881.50 EUR · to 750,000 EUR · 580 new shares

Recognitions · licences · registrations

Legal Entity Identifier

9676000E372MUT8OP531
live in the LEI register

Similar companies · same sector, comparable size

Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 4,369 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 formPublic limited company
Founded24-12-1998
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.