Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
NOEL MANAGEMENT + FINANCE from Eupen, company number BE0451640611, closed financial year 2026 with a result of € 1.1 million after tax. For that financial year NOEL MANAGEMENT + FINANCE recorded a gross margin of € 51,157 and equity of € 14.8 million. Compared with financial year 2025, the result moved from € 905,711 to € 1.1 million. Profitable, and profit is growing. 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 July 23, 2026.
€ 14.8 million
▼ 2% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▲ 26% vs 2025
Profit after tax over the fiscal year.
€ 142,875
▼ 52% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 1.4 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2026
€ 217,279
▼ 4% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 500,000
▼ 50% vs 2025
Loans from banks and other lenders, long and short.
€ 23,801
▲ 50% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 326,980
▲ 9% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € -38,892 | € -18,779 | € -39,930 | € 51,157 | ▲ € 91,087 |
| Profit after taxes | € 802,820 | € 829,659 | € 905,711 | € 1,141,196 | ▲ 26% |
| Equity | € 14,632,497 | € 15,462,157 | € 14,998,475 | € 14,770,279 | ▼ 2% |
| Total debts | € 2,758,776 | € 2,635,308 | € 2,489,155 | € 2,737,025 | ▲ 10% |
| Cash | € 406,404 | € 1,187,201 | € 296,455 | € 142,875 | ▼ 52% |
| Land & buildings | € 2,495,522 | € 2,417,268 | € 2,365,762 | € 2,287,068 | ▼ 3% |
| Retained profit | € 14,532,497 | € 15,362,157 | € 14,898,475 | € 14,670,279 | ▼ 2% |
| Dividend | € 0 | € 0 | € 1,369,392 | € 1,369,392 | |
| Bank debt | € 14,373 | € 2,419,360 | € 1,000,000 | € 500,000 | ▼ 50% |
| Balance sheet total | € 17,391,273 | € 18,097,465 | € 17,487,630 | € 17,507,304 |
Key figures of NOEL MANAGEMENT + FINANCE, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to NOEL MANAGEMENT + FINANCE?
What happened at NOEL MANAGEMENT + FINANCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LICLEM stepped down as director. NBB
- Dominique WAGNER stepped down as director. NBB
- Yves NOEL stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 1.1 million (▲ 26% vs 2025). Source: NBB ↗
- LICLEM became a director. NBB
- Dominique WAGNER became a director. NBB
- Yves NOEL became a director. NBB
- New establishment in Eupen. KBO
In short
From € 802,820 profit in 2023 to € 1.1 million profit in 2026.
Paid € 289,803 in corporate taxes since 2023.
Best year ever: 2026, with € 1.1 million profit.
Paid out € 2.7 million in dividends to the owners in total.
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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 VIALCA S.A. comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NOEL MANAGEMENT + FINANCEThe shares are held by VIALCA S.A. (49.9%). It owns 99.8% of LE CLUZEAU SCI, 98.9% of Roumaillac SARL and 46% of NOMAINVEST itself.
Directors
According to the 2026 annual accounts
since 2021 · until 2027
since 2021 · until 2027
Yves NOEL
Managing director
Also active at: NOMAINVEST, NANOCYL, MEUSINVEST OSTBELGIENINVEST VENTURE EUROPE, INCLUSIO OSTBELGIEN, BePharBel, VIALCA S.A.
since 2021 · until 2027
Shareholders
49.9%
Participations
Establishments
Establishment units
Physical locations of this company
Eichenberg 41
4700 Eupen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
Domain
Domain
nomainvest.eu
Registrar
InterNetX GmbH
Website info
Features
Security
Details
- Company number
- 0451.640.611
- VAT number
- BE 0451.640.611
- Registered office
- Eichenberg 41, 4700 Eupen
- Names & denominations
- NOEL MANAGEMENT + FINANCE · NOEL M + F
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 December 1993
- Peppol
- Active · Active since 24 Dec 2025
- Contact
- nomainvest.eu +32 87 65 72 62
- Activities · NACE
Activiteiten van hoofdkantoren
Activiteiten van holdings
Holdings