Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NOBEL from Etterbeek, company number BE0415202659, closed financial year 2025 with a result of € 152,284 after tax. For that financial year NOBEL recorded a gross margin of € 434,396 and equity of € 158,801. Compared with financial year 2024, the result moved from € 78,912 to € 152,284. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 158,801
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 152,284
▲ 93% vs 2024
Profit after tax over the fiscal year.
€ 133,445
▲ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 150,000 paid out
99 % of the profit went to the shareholders, mostly to NOBEL MANAGEMENT (100 % of the shares). That is where the money ends up.
People and assets in 2025
2.3
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 114,078
▲ 13% vs 2024
€ 49,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,540
▼ 83% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 159,350
▼ 13% vs 2024
€ 33,099 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 196,486
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,569
▼ 74% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 439,587 | € 475,480 | € 378,907 | € 434,396 | ▲ 15% |
| Profit after taxes | € -30,112 | € 165,694 | € 78,912 | € 152,284 | ▲ 93% |
| Equity | € 161,911 | € 327,605 | € 156,517 | € 158,801 | ▲ 1% |
| Total debts | € 1,782,465 | € 1,488,184 | € 1,615,048 | € 1,132,364 | ▼ 30% |
| Cash | € 104,802 | € 49,665 | € 128,213 | € 133,445 | ▲ 4% |
| Land & buildings | € 150,581 | € 134,081 | € 117,582 | € 128,560 | ▲ 9% |
| Retained profit | € 99,937 | € 265,631 | € 94,544 | € 96,827 | ▲ 2% |
| Dividend | € 0 | € 0 | € 250,000 | € 150,000 | ▼ 40% |
| Bank debt | € 231,539 | € 201,247 | € 184,095 | € 159,350 | ▼ 13% |
| Balance sheet total | € 1,944,376 | € 1,815,788 | € 1,771,565 | € 1,291,165 | ▼ 27% |
| Employees (FTE) | 6.6 | 5 | 2 | 2.3 | ▲ 0.3 |
Key figures of NOBEL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to NOBEL?
What happened at NOBEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 152,284 (▲ 93% vs 2024). filed late Source: NBB ↗
- Charli GEORGIS became a director. NBB
- Fahmi GEORGIS became a director. NBB
- Laurent GEORGIS became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Etterbeek. KBO
In short
From € 30,112 loss in 2022 to € 152,284 profit in 2025.
Paid € 81,122 in corporate taxes since 2022.
Best year ever: 2023, with € 165,694 profit.
On average € 188,900 of value added per employee in 2025.
Management
The stake of NOBEL MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NOBELBehind NOBEL are Fahmi GEORGIS, Laurent GEORGIS and Charli GEORGIS. The shares are held by NOBEL MANAGEMENT (100%).
Directors
According to the 2025 annual accounts
since 2022
Laurent GEORGIS
Director
since 2022
Charli GEORGIS
Director
since 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Veldstraat 10
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0415.202.659
- VAT number
- BE 0415.202.659
- Registered office
- Veldstraat 10, 1040 Etterbeek
- Names & denominations
- NOBEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 July 1975
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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