Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
35 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
NOSHAQ IMMO from Liège, company number BE0428590738, closed financial year 2025 with a result of € -3.8 million after tax. For that financial year NOSHAQ IMMO recorded revenue of € 2.6 million and equity of € 118.9 million. Compared with financial year 2024, the result moved from € -1.1 million to € -3.8 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on December 17, 2025.
€ 118.9 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.8 million
▼ 258 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2.5 million
▼ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.2 million.
People and assets in 2025
€ 809
▼ 11% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 58.3 million
▲ 44% vs 2024
€ 2.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 6.1 million
▲ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 972 days on average.
€ 1,319
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,071,590 | € 1,241,304 | € 1,732,077 | € 2,556,209 | ▲ 48% |
| Profit after taxes | € -2,500,850 | € 2,887,824 | € -1,072,859 | € -3,845,578 | ▼ € 2.8 million |
| Equity | € 63,936,458 | € 67,322,292 | € 122,720,189 | € 118,874,612 | ▼ 3% |
| Total debts | € 54,120,696 | € 74,249,726 | € 54,078,948 | € 70,692,893 | ▲ 31% |
| Cash | € 667,185 | € 4,612,148 | € 3,093,434 | € 2,532,344 | ▼ 18% |
| Land & buildings | € 13,518,589 | € 25,860,877 | € 25,485,323 | € 25,589,728 | |
| Retained profit | € -1,194,775 | € 1,693,049 | € 620,189 | € -3,225,388 | ▼ € 3.8 million |
| Bank debt | € 49,617,724 | € 65,448,600 | € 40,455,004 | € 58,254,501 | ▲ 44% |
| Balance sheet total | € 118,485,204 | € 141,989,224 | € 177,205,500 | € 189,953,327 | ▲ 7% |
Key figures of NOSHAQ IMMO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to NOSHAQ IMMO?
What happened at NOSHAQ IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jérôme HARDY stepped down as director. NBB
- Deborah Geradon stepped down as director. NBB
- Eric DEWINGAERDEN stepped down as director. NBB
- Joana Withofs stepped down as director. NBB
- Valérie SARETTO stepped down as director. NBB
- Henri Lemaitre stepped down as director. NBB
- NETHYS SA stepped down as director. NBB
- Pascal CARLENS stepped down as director. NBB
In short
From € 2.5 million loss in 2022 to € 3.8 million loss in 2025.
Paid € 39,543 in corporate taxes since 2022.
Best year ever: 2023, with € 2.9 million profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of NOSHAQ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NOSHAQ IMMOThe shares are held by NOSHAQ (100%). It owns 100% of DYNAMOSHAQ, 100% of IMMOWOOD, 100% of SOGECOM, 100% of LE FIACRE, 100% of ATD DEVELOPPEMENT and 100% of GRAND POSTE itself.
Directors
According to the 2025 annual accounts
Jérôme HARDY
Director
Also active at: NOSHAQ, NOSHAQ VENTURE, NOSHAQ SPIN-OFFS, NOSHAQ EUROPE 3, NOSHAQ ENERGY, PISINOE, NOSHAQ EUROPE 4
since 2024 · until 2028
Deborah Geradon
Director
Also active at: PUBLILEC, CENTRE HOSPITALIER REGIONAL DE LA CITADELLE, Centre culturel communal de Seraing, NOSHAQ, NOSHAQ VENTURE, COOPERATIVE D'ETUDES, DE GESTION ET DE PARTICIPATION, NOSHAQ SPIN-OFFS, SOCOFE +7 more
since 2025 · until 2028
Eric DEWINGAERDEN
Director
Also active at: NOSHAQ, NOSHAQ VENTURE, NOSHAQ SPIN-OFFS, NOSHAQ EUROPE 3, NOSHAQ ENERGY, NOSHAQ EUROPE 4
since 2023 · until 2028
since 2023 · until 2028
Valérie SARETTO
Vice-chairman of the board
Also active at: Qu4tre Liège Média, NOSHAQ, COLLECTIONS ET PATRIMOINES, NOSHAQ VENTURE, Agence locale pour l'Emploi de Liège, NOSHAQ SPIN-OFFS, NOSHAQ EUROPE 3, NOSHAQ ENERGY +4 more
since 2023 · until 2028
Jacob ANNE
Director
since 2023 · until 2024
Henri Lemaitre
Director
Also active at: AKT For Wallonia, NOSHAQ, NOSHAQ VENTURE, LEM INTERIM, HL NEXT, NOSHAQ SPIN-OFFS, NOSHAQ EUROPE 3, FORMALIA +3 more
since 2023 · until 2028
Director · represented by DEMAL GRÉGORY
Also active at: NOSHAQ, NOSHAQ VENTURE, NOSHAQ SPIN-OFFS, Luminus, NOSHAQ EUROPE 3, VOO S.A., NOSHAQ ENERGY, VOO Holding +1 more
since 2023 · until 2028
Pascal CARLENS
Director
Also active at: NOSHAQ, NOSHAQ VENTURE, NOSHAQ SPIN-OFFS, NOSHAQ EUROPE 3, AMERIGO, NOSHAQ ENERGY, NOSHAQ EUROPE 4
since 2023 · until 2028
since 2023 · until 2025
Matthieu DE WINTER
Director
Also active at: NOSHAQ, NOSHAQ VENTURE, NOSHAQ SPIN-OFFS, NOSHAQ EUROPE 3, NOSHAQ ENERGY
since 2023 · until 2025
Nicolas Dumazy
Director
Also active at: SOCIETE LIEGEOISE DE MICRO - INFORMATIQUE, NOSHAQ, NOSHAQ VENTURE, NOSHAQ SPIN-OFFS, IMA BENELUX, Computerland Benelux, NOSHAQ EUROPE 3, ETHIAS VENTURES +4 more
since 2023 · until 2028
Sylvie Rouche
Director
Also active at: NOSHAQ, NOSHAQ VENTURE, NOSHAQ SPIN-OFFS, NOSHAQ EUROPE 3, NOSHAQ ENERGY, NOSHAQ EUROPE 4
since 2025 · until 2028
Fabian Culot
Vice-chairman of the board
Also active at: ENODIA, NOSHAQ, NOSHAQ EUROPE 3, NOSHAQ ENERGY, LEXING – BELGIUM
since 2023 · until 2024
Christophe LECLERCQ
Director
Also active at: NOSHAQ, NOSHAQ VENTURE, NOSHAQ SPIN-OFFS, LEANSQUARE, NOSHAQ EUROPE 3, NOSHAQ ENERGY, NOSHAQ EUROPE 4
since 2024 · until 2028
since 2023 · until 2025
Jean-Christophe PETERKENNE
Director
Also active at: NOSHAQ, NOSHAQ VENTURE, NOSHAQ SPIN-OFFS, NOSHAQ EUROPE 3, NOSHAQ ENERGY, NOSHAQ EUROPE 4
since 2023 · until 2028
Jean-Michel Javaux
Chairman of the board
Also active at: CENTRE HOSPITALIER REGIONAL DE HUY, NOSHAQ, NOSHAQ VENTURE, PUBLIGAS, Union des Villes et Communes de Wallonie, NOSHAQ SPIN-OFFS, IMMOBILIERE DU STANDARD DE LIEGE, NOSHAQ EUROPE 3 +5 more
since 2023 · until 2028
Christine DEFRAIGNE
Director
Also active at: NOSHAQ, NOSHAQ VENTURE, NOSHAQ SPIN-OFFS, NOSHAQ EUROPE 3, NOSHAQ ENERGY, NOSHAQ EUROPE 4
since 2024 · until 2028
Shareholders
100%
Participations
100%
100%
100%
100%
100%
100%
100%
80%
75%
60%
58.9%
51.1%
51%
51%
50%
50%
50%
49%
49%
49%
49%
45.5%
41.3%
33.3%
30.5%
24.5%
22.6%
10%
Establishments
Establishment units
Physical locations of this company
Rue Lambert-Lombard 3
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 35 companies are registered at this address.
All companies at this address →CAUTION MUTUELLE DES METIERS ET NEGOCES
SOGECOM same network
€ -151,456 gross margin · 2025
NOSHAQ same network
€ 9 million revenue · 2025
NOSHAQ VENTURE same network
€ 89,352 revenue · 2025
Société d'Investissement du Bassin liégeois
€ 35,850 revenue · 2025
+30 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.590.738
- VAT number
- BE 0428.590.738
- Registered office
- Rue Lambert-Lombard 3, 4000 Liège
- Names & denominations
- NOSHAQ IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 February 1986
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur van woningen, exclusief sociale woningen
Markt- en opinieonderzoek
Ontwikkeling van niet-residentiële bouwprojecten
Verhuur en lease van andere huishoudelijke of persoonlijke artikelen, neg
Ontwikkeling van residentiële bouwprojecten
Marktonderzoekbureaus
Verhuur van overige roerende goederen voor persoonlijk of huishoudelijk gebruik, n.e.g.
+1