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 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Ferronnerie Serge Noel from Malmedy, company number BE0892176108, closed financial year 2025 with a result of € 24,200 after tax. For that financial year Ferronnerie Serge Noel recorded a gross margin of € 114,997 and equity of € 213,081. Compared with financial year 2024, the result moved from € 12,917 to € 24,200. Profitable, and profit is growing. 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 August 10, 2026.
€ 213,081
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 24,200
▲ 87% vs 2024
Profit after tax over the fiscal year.
€ 38,058
▲ 219% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 4,000 paid out
17 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 38,068
▼ 50% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 21,824
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 58,217
▼ 37% vs 2024
€ 36,333 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 12,828
▼ 60% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,720
▲ 36% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 142,484 | € 147,487 | € 137,065 | € 114,997 | ▼ 16% |
| Profit after taxes | € 14,895 | € 1,279 | € 12,917 | € 24,200 | ▲ 87% |
| Equity | € 189,906 | € 186,123 | € 195,960 | € 213,081 | ▲ 9% |
| Total debts | € 275,505 | € 276,251 | € 242,680 | € 134,121 | ▼ 45% |
| Cash | € 17,021 | € 41,457 | € 11,921 | € 38,058 | ▲ 219% |
| Land & buildings | € 211,482 | € 193,167 | € 172,194 | € 151,222 | ▼ 12% |
| Retained profit | € 147,559 | € 148,237 | € 161,154 | € 181,355 | ▲ 13% |
| Dividend | € 0 | € 0 | € 0 | € 4,000 | |
| Bank debt | € 180,058 | € 143,992 | € 92,357 | € 58,217 | ▼ 37% |
| Balance sheet total | € 465,412 | € 462,374 | € 438,640 | € 347,202 | ▼ 21% |
Key figures of Ferronnerie Serge Noel, 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 Ferronnerie Serge Noel?
What happened at Ferronnerie Serge Noel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 24,200 (▲ 87% vs 2024). filed late Source: NBB ↗
- New establishment in Malmedy. KBO
- Start of the company according to the CBE. KBO
- SERGE NOEL became a director. NBB
In short
From € 14,895 profit in 2022 to € 24,200 profit in 2025.
Paid € 14,832 in corporate taxes since 2022.
Best year ever: 2025, with € 24,200 profit.
Paid out € 4,000 in dividends to the owners in total.
Management
Behind Ferronnerie Serge Noel is SERGE NOEL.
Directors
According to the 2025 annual accounts
SERGE NOEL
Director
since 2007
Establishments
Establishment units
Physical locations of this company
G'Doumont - Al Gofe 13
4960 Malmedy
G'Doumont - Route du Barrage 80
4960 Malmedy
Active since 9 October 2007
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
- 0892.176.108
- VAT number
- BE 0892.176.108
- Registered office
- G'Doumont - Al Gofe 13, 4960 Malmedy
- Names & denominations
- Ferronnerie Serge Noel
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 September 2007
- Peppol
- Active · Active since 10 Oct 2025
- Activities · NACE
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