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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NoXcuse from Affligem, company number BE0735595639, closed financial year 2025 with a result of € -20,370 after tax. For that financial year NoXcuse recorded a gross margin of € -20,165 and equity of € -26,928. Compared with financial year 2024, the result moved from € -3,445 to € -20,370. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ -26,928
▼ € 20,370 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20,370
▼ 491 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2,056
▲ € 2,029 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -30,928.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 20,552
Supplier invoices still open on the last day of the fiscal year.
€ 172
▼ 71% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,715 | € -2,765 | € -1,554 | € -20,165 | ▼ € 18,610 |
| Profit after taxes | € 3,458 | € -3,459 | € -3,445 | € -20,370 | ▼ € 16,925 |
| Equity | € -3,100 | € -10,558 | € -6,558 | € -26,928 | ▼ € 20,370 |
| Total debts | € 11,644 | € 18,040 | € 6,586 | € 45,052 | ▲ € 38,466 |
| Cash | € 777 | € 117 | € 27 | € 2,056 | ▲ € 2,029 |
| Retained profit | € -7,100 | € -10,558 | € -10,558 | € -30,928 | ▼ € 20,370 |
| Balance sheet total | € 8,544 | € 7,482 | € 27 | € 18,124 | ▲ € 18,096 |
Key figures of NoXcuse, 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 NoXcuse?
What happened at NoXcuse in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 20,370. Source: NBB ↗
- Cédric Stevens became a director. NBB
- New establishment in Affligem. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,458 profit in 2022 to € 20,370 loss in 2025.
Best year ever: 2022, with € 3,458 profit.
Management
Behind NoXcuse is Cédric Stevens.
Directors
According to the 2025 annual accounts
Cédric Stevens
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Fosselstraat 102
1790 Affligem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0735.595.639
- VAT number
- BE 0735.595.639
- Registered office
- Fosselstraat 102, 1790 Affligem
- Names & denominations
- NoXcuse
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 October 2019
- Peppol
- Active · Active since 7 Jan 2026
- Activities · NACE
Activiteiten van reisorganisatoren