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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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NOAR from Gent, company number BE0784394458, closed financial year 2025 with a result of € 678,332 after tax. For that financial year NOAR recorded a gross margin of € 44,580 and equity of € 888,460. Compared with financial year 2024, the result moved from € 765,788 to € 678,332. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 9, 2026.
€ 888,460
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 678,332
▼ 11% vs 2024
Profit after tax over the fiscal year.
€ 4,681
▼ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 600,000 paid out
88 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 665,150
▼ 34% vs 2024
€ 370,654 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 938
▼ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,679
▼ 47% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 68,406 | € 41,976 | € 44,580 | ▲ 6% |
| Profit after taxes | € 41,341 | € 765,788 | € 678,332 | ▼ 11% |
| Equity | € 44,341 | € 810,128 | € 888,460 | ▲ 10% |
| Total debts | € 1,524,354 | € 1,020,570 | € 1,238,506 | ▲ 21% |
| Cash | € 34,463 | € 19,102 | € 4,681 | ▼ 75% |
| Retained profit | € 41,341 | € 807,128 | € 885,460 | ▲ 10% |
| Dividend | € 0 | € 0 | € 600,000 | |
| Bank debt | € 1,299,612 | € 1,005,182 | € 665,150 | ▼ 34% |
| Balance sheet total | € 1,568,695 | € 1,830,698 | € 2,126,966 | ▲ 16% |
Key figures of NOAR, fiscal years 2023 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 NOAR?
What happened at NOAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 678,332 (▼ 11% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 41,341 profit in 2023 to € 678,332 profit in 2025.
Paid € 38,150 in corporate taxes since 2023.
Best year ever: 2024, with € 765,788 profit.
Paid out € 600,000 in dividends to the owners in total.
Management
Behind NOAR is Arno Goedefroo. It owns 50% of Goedefroo Architecten itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Koningin Astridlaan 163
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0784.394.458
- VAT number
- BE 0784.394.458
- Registered office
- Koningin Astridlaan 163, 9000 Gent
- Names & denominations
- NOAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 2022
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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