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 35 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 3.6 to 1.6.
Financials
Financial year 2025
Novus from Brugge, company number BE0466286522, closed financial year 2025 with a result of € 97,145 after tax. For that financial year Novus recorded revenue of € 10.2 million and equity of € 42.3 million. Compared with financial year 2024, the result moved from € 2.1 million to € 97,145. The company is profitable. 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 June 12, 2026.
€ 42.3 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 97,145
▼ 95% vs 2024
Profit after tax over the fiscal year.
€ 248,289
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
1.6
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 217,150
▼ 37% vs 2024
€ 135,700 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.
€ 73,822
▼ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 20 million
▲ 65% vs 2024
€ 400,000 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 216,092
▼ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 10 days on average.
€ 70,120
▲ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,927,149 | € 15,918,876 | € 17,815,106 | € 10,206,204 | ▼ 43% |
| Profit after taxes | € 3,762,154 | € 3,751,017 | € 2,098,003 | € 97,145 | ▼ 95% |
| Equity | € 43,375,440 | € 41,076,456 | € 43,174,460 | € 42,251,604 | ▼ 2% |
| Total debts | € 40,795,950 | € 39,647,987 | € 29,026,338 | € 27,874,440 | ▼ 4% |
| Cash | € 96,772 | € 1,088 | € 596,587 | € 248,289 | ▼ 58% |
| Land & buildings | € 755,212 | € 753,250 | € 734,114 | € 699,875 | ▼ 5% |
| Retained profit | € 41,606,840 | € 39,307,856 | € 41,405,860 | € 40,483,004 | ▼ 2% |
| Dividend | € 50,000 | € 6,050,000 | € 0 | € 1,020,000 | |
| Bank debt | € 19,936,888 | € 14,755,064 | € 12,131,343 | € 19,962,974 | ▲ 65% |
| Balance sheet total | € 84,171,390 | € 80,724,443 | € 72,200,798 | € 70,126,044 | ▼ 3% |
| Employees (FTE) | 3.6 | 3.6 | 2.8 | 1.6 | ▼ 1.2 |
Key figures of Novus, 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 Novus?
What happened at Novus in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 97,145 (▼ 95% vs 2024). Source: NBB ↗
- Investments Micholt BV stepped down as director. NBB
- Invedel NV stepped down as director. NBB
- Rursus Real Estate Development (RRED) BV stepped down as director. NBB
- Investments Micholt BV became a director. NBB
- Invedel NV became a director. NBB
- Rursus Real Estate Development (RRED) BV became a director. NBB
- New establishment in Brugge. KBO
In short
From € 3.8 million profit in 2022 to € 97,145 profit in 2025.
Paid € 3.3 million in corporate taxes since 2022.
Best year ever: 2022, with € 3.8 million profit.
Paid out € 7.1 million in dividends to the owners in total.
Management
The shares are held by Novus Holding (100%). It owns 100% of Gibelko, 50% of Keuvelland, 50% of Schoorheyde, 33.3% of Baron Ruzette Brugge, 20% of Park Aan De Stroom II and 20% of Park Aan De Stroom I itself.
Directors
According to the 2025 annual accounts
Director · represented by Micholt Hendrik
Also active at: RURSUS REAL ESTATE DEVELOPMENT
since 2021 · until 2026
Director · represented by Descheemaecker Lore
Also active at: SCHOORHEYDE, GARAGE DE SMET IVAN, GILBEKO, BARON RUZETTE BRUGGE, Novus Construct
since 2021 · until 2026
Rursus Real Estate Development (RRED) BV
Managing director · represented by Gurickx Michael
Also active at: SCHOORHEYDE, GARAGE DE SMET IVAN, GILBEKO, BARON RUZETTE BRUGGE, Novus Construct
since 2021 · until 2026
Shareholders
100%
Participations
100%
50%
50%
33.3%
Establishments
Establishment units
Physical locations of this company
Scheepsdalelaan 60
8000 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Invedel same network
€ 495,456 gross margin · 2025
GILBEKO same network
€ -11,199 gross margin · 2025
RURSUS REAL ESTATE DEVELOPMENT same network
€ 4,315 gross margin · 2026
Novus Holding same network
€ 143,400 revenue · 2025
Novus Construct same network
€ 293,208 gross margin · 2025
+1 more
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
COMBELL-AS, BE
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0466.286.522
- VAT number
- BE 0466.286.522
- Registered office
- Scheepsdalelaan 60, 8000 Brugge
- Names & denominations
- Novus
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 June 1999
- Peppol
- Active · Active since 28 Oct 2025
- Contact
- novus-projects.be
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Handel in onroerend goed
Handel in eigen onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis