ACTIVE

NOVY

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Financial year 2025 · closed on 31/12/2025

Net result

7 M €

-33.1% YoY

Revenue

56 M €

-5.7% YoY

Equity

42,3 M €

-16.0% YoY

Workforce

184,7 ETP

+0.3% YoY

What does NOVY do?

NOVY is a Public limited company incorporated in 1988. Its main activity is: Manufacture of electric domestic appliances. Its registered office is in Kuurne. It employs on average 184,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.260.171

Incorporation

15/12/1988

Legal form

Public limited company

Registered office

Noordlaan 6
8520 Kuurne · FlandreSee on map

Contributed capital

10 766 530,54 €

Latest accounts

31/12/2025

Average workforce

184,7 ETP

Activities (NACE)

27510Manufacture of electric domestic appliances· main 27510Manufacture of electric domestic appliances 29710Manufacture of motor vehicles, trailers and semi-trailers

Joint committees (4)

111
11100
209
20900

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	56 M €	-5.7%	59,5 M €	-14.6%	69,6 M €	-10.3%	77,6 M €	+6.1%	73,1 M €	+69.6%	43,1 M €	+8.8%	39,6 M €	+11.4%	35,6 M €	+10.1%	32,3 M €	-2.4%	33,1 M €	+1.0%	32,8 M €	+5.2%	31,2 M €	+11.8%	27,9 M €	+3.2%	27 M €	+2.3%	26,4 M €	+5.3%	25,1 M €
EBITDA	7,9 M €	+2.3%	7,7 M €	-36.3%	12,1 M €	-2.5%	12,4 M €	-16.3%	14,9 M €	+97.1%	7,5 M €	+6.2%	7,1 M €	+32.6%	5,4 M €	+5.7%	5,1 M €	-24.4%	6,7 M €	-0.2%	6,7 M €	-15.5%	7,9 M €	+29.6%	6,1 M €	+27.6%	4,8 M €	-6.5%	5,1 M €	-11.1%	5,8 M €
Operating result	5,9 M €	-28.6%	8,3 M €	-8.1%	9 M €	-1.4%	9,1 M €	-16.6%	10,9 M €	+84.2%	5,9 M €	+0.0%	5,9 M €	+33.1%	4,5 M €	+4.1%	4,3 M €	-28.1%	5,9 M €	-2.6%	6,1 M €	-17.7%	7,4 M €	+31.6%	5,6 M €	+29.3%	4,4 M €	-8.2%	4,7 M €	-13.6%	5,5 M €
Net result	7 M €	-33.1%	10,4 M €	+1.9%	10,2 M €	-16.3%	12,2 M €	+18.0%	10,3 M €	+168%	3,9 M €	-7.3%	4,2 M €	+30.9%	3,2 M €	+2.5%	3,1 M €	-28.1%	4,3 M €	-0.3%	4,3 M €	-14.1%	5 M €	+33.2%	3,8 M €	+23.8%	3,1 M €	-1.8%	3,1 M €	-15.0%	3,7 M €
Balance sheet
Equity	42,3 M €	-16.0%	50,3 M €	-14.2%	58,6 M €	+21.2%	48,4 M €	+16.0%	41,7 M €	+751%	4,9 M €	-63.9%	13,5 M €	+5.1%	12,9 M €	+14.9%	11,2 M €	-23.3%	14,6 M €	-11.7%	16,6 M €	+35.3%	12,2 M €	+69.8%	7,2 M €	+21.5%	5,9 M €	-7.0%	6,4 M €	+10.6%	5,8 M €
Total assets	53,8 M €	-7.3%	58 M €	-22.1%	74,5 M €	+8.9%	68,4 M €	+19.6%	57,2 M €	+25.6%	45,5 M €	+65.5%	27,5 M €	+11.0%	24,8 M €	+8.1%	22,9 M €	-12.5%	26,2 M €	-13.6%	30,4 M €	+67.7%	18,1 M €	+34.3%	13,5 M €	+13.0%	11,9 M €	+2.1%	11,7 M €	+27.3%	9,2 M €
Cash	688,3 k €	-5.2%	725,9 k €	-71.5%	2,5 M €	-18.5%	3,1 M €	-63.2%	8,5 M €	+127%	3,7 M €	+2.7%	3,6 M €	-5.9%	3,9 M €	+194%	1,3 M €	-65.4%	3,8 M €	-21.1%	4,8 M €	+36.1%	3,5 M €	+24.0%	2,9 M €	-0.8%	2,9 M €	+13.9%	2,5 M €	+90.7%	1,3 M €
Debts	10,2 M €	+58.9%	6,4 M €	-52.7%	13,6 M €	-19.8%	17 M €	+24.3%	13,6 M €	-65.6%	39,7 M €	+199%	13,3 M €	+18.1%	11,2 M €	+1.3%	11,1 M €	+1.4%	10,9 M €	-16.3%	13,1 M €	+147%	5,3 M €	-7.8%	5,7 M €	+3.3%	5,6 M €	+15.9%	4,8 M €	+56.3%	3,1 M €
Other
Workforce	184,7 ETP	+0.3%	184,1 ETP	-4.6%	192,9 ETP	-9.5%	213,2 ETP	+5.6%	201,9 ETP	+32.6%	152,3 ETP	+10.3%	138,1 ETP	-3.6%	143,3 ETP	+7.6%	133,2 ETP	-3.6%	138,2 ETP	+8.1%	127,9 ETP	+3.1%	124,0 ETP	-4.9%	130,4 ETP	-2.0%	133,1 ETP	-3.8%	138,4 ETP	+8.2%	127,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 68 ended

Active mandates

Brody Connolly

Director · since 02 février 2026 · until 19 mai 2031

Active

Randall Jackson

Director · since 02 février 2026 · until 19 mai 2031

Active

SONEAN

Managing director · since 01 juillet 2022 · until 02 février 2026 · 0664.737.832

Represented by Gistelinck Francis

Active

Najib Maalouf

Director · since 08 novembre 2021 · until 02 février 2026

Active

Augustin Zufia Sustacha

Director · since 12 juillet 2021 · until 02 février 2026

Active

Bryan Mittelman

Director · since 12 juillet 2021 · until 02 février 2026

Active

Michael Thompson

Director · since 12 juillet 2021 · until 02 février 2026

Active

Ended mandates

SONEAN

Director · since 01 juillet 2022 · until 15 mai 2028 · 0664.737.832

Represented by Gistelinck Francis

Ended

SONEAN

Managing director · since 01 juillet 2022 · until 15 mai 2028 · 0664.737.832

Represented by Gistelinck Francis

Ended

Najib Maalouf

Director · since 08 novembre 2021 · until 17 mai 2027

Ended

SOCADAN

Managing director · since 08 novembre 2021 · until 17 mai 2027 · 0840.602.988

Represented by Wanzeele CARLOS

Ended

At this address

Other companies at this address

Company	CBE no.
Bury● Active	0890.720.217
Novy Invest● Active	0658.841.915

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/06/2026	15/06/2025	04/06/2024	08/06/2023	31/05/2022	17/06/2021
General meeting	18/05/2026	19/05/2025	20/05/2024	15/05/2023	16/05/2022	17/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/05/2026	05/06/2026	Dutch	PDF
Full model	31/12/2024	19/05/2025	15/06/2025	Dutch	PDF
Full model	31/12/2023	20/05/2024	04/06/2024	Dutch	PDF
Full model	31/12/2022	15/05/2023	08/06/2023	Dutch	PDF
Full model	31/12/2021	16/05/2022	31/05/2022	Dutch	PDF
Full model	31/12/2020	17/05/2021	17/06/2021	Dutch	PDF
Full model	31/12/2019	29/06/2020	24/07/2020	Dutch	PDF
Full modelCorrection	31/12/2018	20/05/2019	25/09/2019	Dutch	PDF
Full model	31/12/2018	20/05/2019	27/06/2019	Dutch	PDF
Full model	31/12/2017	22/05/2018	26/06/2018	Dutch	PDF
Full model	31/12/2016	15/05/2017	16/06/2017	Dutch	PDF
Full model	31/12/2015	17/05/2016	14/07/2016	Dutch	PDF
Full model	31/12/2014	18/05/2015	20/05/2015	Dutch	PDF
Full model	31/12/2013	19/05/2014	06/06/2014	Dutch	PDF
Full model	31/12/2012	21/05/2013	24/05/2013	Dutch	PDF
Full model	31/12/2011	21/05/2012	05/06/2012	Dutch	PDF
Full model	31/12/2010	16/05/2011	19/05/2011	Dutch	PDF
Full model	31/12/2009	17/05/2010	26/05/2010	Dutch	PDF
Full model	31/12/2008	18/05/2009	04/06/2009	Dutch	PDF
Full model	31/12/2007	19/05/2008	23/05/2008	Dutch	PDF
Full model	31/12/2006	21/06/2007	26/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 68 ended

Active mandates

Brody Connolly

Director · since 02 février 2026 · until 19 mai 2031

Active

Randall Jackson

Director · since 02 février 2026 · until 19 mai 2031

Active

SONEAN

Managing director · since 01 juillet 2022 · until 02 février 2026 · 0664.737.832

Represented by Gistelinck Francis

Active

Najib Maalouf

Director · since 08 novembre 2021 · until 02 février 2026

Active

Augustin Zufia Sustacha

Director · since 12 juillet 2021 · until 02 février 2026

Active

Bryan Mittelman

Director · since 12 juillet 2021 · until 02 février 2026

Active

Michael Thompson

Director · since 12 juillet 2021 · until 02 février 2026

Active

Ended mandates

SONEAN

Director · since 01 juillet 2022 · until 15 mai 2028 · 0664.737.832

Represented by Gistelinck Francis

Ended

SONEAN

Managing director · since 01 juillet 2022 · until 15 mai 2028 · 0664.737.832

Represented by Gistelinck Francis

Ended

Najib Maalouf

Director · since 08 novembre 2021 · until 17 mai 2027

Ended

SOCADAN

Managing director · since 08 novembre 2021 · until 17 mai 2027 · 0840.602.988

Represented by Wanzeele CARLOS

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring04/03/2024
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/11/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates07/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/10/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares21/10/2021
KAPITAAL - AANDELEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

02/02/2026
nominationBrody Connolly — bestuurder
02/02/2026
nominationRandall Jackson — bestuurder
2025
Annual accounts 20257 M €↓
2024
Annual accounts 202410,4 M €↑
20/05/2024
reconductionCALLENS VANDELANOTTE NV — commissaris
2023
Annual accounts 202310,2 M €↓
16/11/2023
nominationNikolas VANDELANOTTE — commissaris
01/10/2023
augmentation_capital
2022
Annual accounts 202212,2 M €↑
01/07/2022
nominationFrancis Gistelinck — vaste vertegenwoordiger van BV SONEAN (bestuurder)
2021
Annual accounts 202110,3 M €↑
2016
Annual accounts 20163,9 M €↓
2015
Annual accounts 20154,2 M €↑
2014
Annual accounts 20143,2 M €↑
2013
Annual accounts 20133,1 M €↓
2012
Annual accounts 20124,3 M €↓
2011
Annual accounts 20114,3 M €↓
2010
Annual accounts 20105 M €↑
2009
Annual accounts 20093,8 M €↑
2008
Annual accounts 20083,1 M €↓
2007
Annual accounts 20073,1 M €↓
2006
Annual accounts 20063,7 M €
15/12/1988
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

NOVY

Overview

What does NOVY do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline