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 2 of the last 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2022; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
NOVULO from Pittem, company number BE0763757808, closed financial year 2022 with a result of € 102,321 after tax. For that financial year NOVULO recorded a gross margin of € 226,600 and equity of € -160,662. Compared with financial year 2021, the result moved from € -282,984 to € 102,321. Profitable, and profit is growing. 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 May 10, 2023.
€ -160,662
▲ € 102,321 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 102,321
▲ still € 282,984 loss in 2021
Profit after tax over the fiscal year.
€ 1.1 million
▲ € 1 million vs 2021
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2022. Retained profit grew to € -180,662.
People and assets in 2022
€ 68,659
▲ 192% vs 2021
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,984
▲ 94% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 164,136
▼ 61% vs 2021
€ 39,959 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 681,862
▲ 129% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 142,219
▲ € 132,577 vs 2021
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € -241,497 | € 226,600 | ▲ € 468,098 |
| Profit after taxes | € -282,984 | € 102,321 | ▲ € 385,305 |
| Equity | € -262,984 | € -160,662 | ▲ € 102,321 |
| Total debts | € 733,932 | € 2,828,621 | ▲ 285% |
| Cash | € 70,689 | € 1,097,370 | ▲ € 1 million |
| Land & buildings | € 99,598 | € 153,325 | ▲ 54% |
| Retained profit | € -282,984 | € -180,662 | ▲ € 102,321 |
| Bank debt | € 420,606 | € 164,136 | ▼ 61% |
| Balance sheet total | € 470,948 | € 2,667,958 | ▲ € 2.2 million |
Key figures of NOVULO, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to NOVULO?
What happened at NOVULO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
NOVULO is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2022: profit of € 102,321. Source: NBB ↗
- New establishment in Pittem. KBO
- New establishment in Roeselare. KBO
- Businesspower & Investments BV became a director. NBB
- Boulevard BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 282,984 loss in 2021 to € 102,321 profit in 2022.
Best year ever: 2022, with € 102,321 profit.
Management
The stake of BOULEVARD comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NOVULOBehind NOVULO are Businesspower & Investments BV and Boulevard BV. The shares are held by BOULEVARD (25%).
Directors
According to the 2022 annual accounts
Businesspower & Investments BV
Director · represented by Thijs Vanhoutte
Also active at: Novulo Care
since 2021
Director · represented by Tom Bogaert
Also active at: EPDM Solutions, 441 HOLDING, Novulo Care, ROOFCONNECT
since 2021
Shareholders
25%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brugsesteenweg 106
8740 Pittem
Oudstrijderslaan 35
8800 Roeselare
Active since 17 February 2021
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
Website info
Features
Security
Details
- Company number
- 0763.757.808
- VAT number
- BE 0763.757.808
- Registered office
- Brugsesteenweg 106, 8740 Pittem
- Names & denominations
- NOVULO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 17 February 2021
- Peppol
- Not registered
- Contact
- novulo-buildings.be
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