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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 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Noag Orthopédie from Namur, company number BE0702898721, closed financial year 2025 with a result of € 90,652 after tax. For that financial year Noag Orthopédie recorded a gross margin of € 167,247 and equity of € 169,252. Compared with financial year 2024, the result moved from € 78,961 to € 90,652. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 26, 2026.
€ 169,252
▼ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 90,652
▲ 15% vs 2024
Profit after tax over the fiscal year.
€ 21,692
▼ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 189,841 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 11,562
▼ 60% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 241,786
▲ 188% vs 2024
€ 59,478 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 3,347
▲ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 234,340 | € 224,981 | € 168,278 | € 167,247 | ▼ 1% |
| Profit after taxes | € 151,500 | € 145,918 | € 78,961 | € 90,652 | ▲ 15% |
| Equity | € 202,385 | € 189,479 | € 268,441 | € 169,252 | ▼ 37% |
| Total debts | € 265,512 | € 323,443 | € 141,242 | € 404,281 | ▲ 186% |
| Cash | € 29,457 | € 5,487 | € 85,308 | € 21,692 | ▼ 75% |
| Land & buildings | € 1,570 | € 1,570 | € 0 | - | |
| Retained profit | € 183,785 | € 170,879 | € 249,841 | € 150,652 | ▼ 40% |
| Dividend | € 100,000 | € 158,824 | € 0 | € 189,841 | |
| Bank debt | € 117,247 | € 141,390 | € 83,956 | € 241,786 | ▲ 188% |
| Balance sheet total | € 467,896 | € 512,922 | € 409,683 | € 573,533 | ▲ 40% |
Key figures of Noag Orthopédie, 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 Noag Orthopédie?
What happened at Noag Orthopédie in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 90,652 (▲ 15% vs 2024). filed late Source: NBB ↗
- New establishment in Fosses-la-Ville. KBO
- Start of the company according to the CBE. KBO
- Mathias Tricot became a director. NBB
In short
From € 151,500 profit in 2022 to € 90,652 profit in 2025.
Paid € 160,369 in corporate taxes since 2022.
Best year ever: 2022, with € 151,500 profit.
Paid out € 448,664 in dividends to the owners in total.
Management
Behind Noag Orthopédie is Mathias Tricot. It owns 100% of Foot and Ankle Institute and 20% of Kraainem33 itself.
Directors
According to the 2025 annual accounts
since 2018
Establishments
Establishment units
Physical locations of this company
Rue de Jausse(WD) 151
5100 Namur
Rue Delmotte-Lemaître 1
5070 Fosses-la-Ville
Active since 6 September 2018
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0702.898.721
- VAT number
- BE 0702.898.721
- Registered office
- Rue de Jausse(WD) 151, 5100 Namur
- Names & denominations
- Noag Orthopédie · Noag
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 September 2018
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
Activiteiten van medisch specialisten