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 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 2 to 0.3.
Financials
Financial year 2024
Novadia from Sint-Jans-Molenbeek, company number BE0892087818, closed financial year 2024 with a result of € -8.5 million after tax. Compared with financial year 2023, the result moved from € -25.8 million to € -8.5 million. 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 November 27, 2025.
€ -38 million
▼ € 8.5 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8.5 million
▲ 67 % less loss than in 2023
Profit after tax over the fiscal year.
€ 24,189
▲ 9% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -38.8 million.
People and assets in 2024
0.3
▼ 0.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 57,402
▼ 80% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 374
▼ 70% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 122,742
▲ 55% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 80 days on average.
€ 41,935
▼ 42% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Profit after taxes | € -2,090,974 | € -1,500,230 | € -25,821,254 | € -8,507,780 | ▲ € 17.3 million |
| Equity | € -2,121,919 | € -3,622,149 | € -29,443,402 | € -37,951,182 | ▼ € 8.5 million |
| Total debts | € 34,325,961 | € 35,863,535 | € 39,022,186 | € 41,304,485 | ▲ 6% |
| Cash | € 25,340 | € 35,353 | € 22,238 | € 24,189 | ▲ 9% |
| Land & buildings | € 3,407 | € 3,301 | € 3,195 | € 3,088 | ▼ 3% |
| Retained profit | € -2,977,419 | € -4,477,649 | € -30,298,902 | € -38,806,682 | ▼ € 8.5 million |
| Balance sheet total | € 32,204,042 | € 32,241,386 | € 10,113,212 | € 6,063,557 | ▼ 40% |
| Employees (FTE) | 1 | 2 | 1.1 | 0.3 | ▼ 0.8 |
Key figures of Novadia, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Novadia?
What happened at Novadia in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- BIDCO EMERA stepped down as director. NBB
- Thibault SARTINI stepped down as director. NBB
- CECILE EUDIER stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 8.5 million. filed late Source: NBB ↗
- BIDCO EMERA became a director. NBB
- Thibault SARTINI became a director. NBB
- Sophie CHETON stepped down as director. NBB
- Eric BAUGAS stepped down as director. NBB
In short
From € 2.1 million loss in 2021 to € 8.5 million loss in 2024.
Paid € 420 in corporate taxes since 2021.
Pays suppliers within 80 days on average.
Management
The shares are held by EMERA INTERNATIONAL SA (100%). It owns RESIDENCE DU HEYSEL SRL, SENIOR'S SERENITY SA, RESIDENCE ARCHAMBEAU SA, IN DE GOUDEN JAREN NV, FUCHSIACTIVITY SRL and RESIDENCE ACACIAS SRL itself.
Directors
According to the 2024 annual accounts
since 2020 · until 2024
Eric BAUGAS
Managing director
since 2019 · until 2024
BIDCO EMERA
Director · represented by Eric AVEILLAN
since 2024 · until 2030
Thibault SARTINI
Managing director
Also active at: Résidence du Heysel, Azalées, In de gouden Jaren, RESIDENCE ARCHAMBEAU, SENIOR'S SERENITY, Résidence Acacias, FUCHSIACTIVITY
since 2024 · until 2030
CECILE EUDIER
Director
Also active at: Résidence du Heysel, Azalées, In de gouden Jaren, RESIDENCE ARCHAMBEAU, SENIOR'S SERENITY, EMERA INTERNATIONAL, Résidence Acacias, FUCHSIACTIVITY
since 2023 · until 2029
Shareholders
Establishments
Establishment units
Physical locations of this company
Fuchsiasstraat 26
1080 Sint-Jans-Molenbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0892.087.818
- VAT number
- BE 0892.087.818
- Registered office
- Fuchsiasstraat 26, 1080 Sint-Jans-Molenbeek
- Names & denominations
- Novadia
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 September 2007
- Peppol
- Active · Active since 16 Oct 2025
- Contact
- [email protected]
- Activities · NACE
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