ACTIVE

N.O.E.

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Financial year 2025 · closed on 31/12/2025

Net result

5,5 k €

-20.6% YoY

Gross margin

9,5 k €

-0.0% YoY

Equity

131,8 k €

+4.3% YoY

What does N.O.E. do?

N.O.E. is a Public limited company incorporated in 1989. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Aalter.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.117.632

Incorporation

24/03/1989

Legal form

Public limited company

Registered office

Nijverheidslaan 1
9880 Aalter · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	9,5 k €	-0.0%	9,5 k €	+14.6%	8,3 k €	-12.8%	9,5 k €	+60.7%	5,9 k €	+0.6%	5,9 k €	+464%	-1,6 k €	+13.5%	-1,9 k €	+70.9%	-6,4 k €	-239%	-1,9 k €	-169%	2,8 k €	-48.2%	5,3 k €	-93.7%	84,6 k €	+1.4%	83,5 k €	+3.3%	80,8 k €	+5.4%	76,6 k €	-2.6%	78,7 k €
EBITDA	6 k €	-1.7%	6,1 k €	+21.5%	5 k €	-22.5%	6,5 k €	+117%	3 k €	+0.4%	3 k €	+168%	-4,4 k €	-13.3%	-3,8 k €	+53.7%	-8,3 k €	+21.2%	-10,6 k €	-87.7%	-5,6 k €	-252%	3,7 k €	-95.1%	75,4 k €	+1.3%	74,5 k €	+3.3%	72,1 k €	+5.9%	68,1 k €	-3.2%	70,4 k €
Operating result	6 k €	-1.7%	6,1 k €	+21.5%	5 k €	-22.5%	6,5 k €	+117%	3 k €	+0.4%	3 k €	+168%	-4,4 k €	-13.3%	-3,8 k €	+53.7%	-8,3 k €	+21.2%	-10,6 k €	-87.7%	-5,6 k €	-252%	3,7 k €	-95.1%	75,4 k €	+1.3%	74,5 k €	+3.3%	72,1 k €	+5.9%	68,1 k €	+0.4%	67,8 k €
Net result	5,5 k €	-20.6%	6,9 k €	+84.9%	3,7 k €	+4.4%	3,6 k €	+16.0%	3,1 k €	+2.8%	3 k €	+171%	-4,2 k €	-12.4%	-3,7 k €	+49.3%	-7,4 k €	-668%	1,3 k €	+139%	-3,4 k €	-157%	5,9 k €	-89.1%	54,2 k €	+2.2%	53 k €	-25.9%	71,5 k €	+44.3%	49,6 k €	-3.0%	51,1 k €
Balance sheet
Equity	131,8 k €	+4.3%	126,3 k €	+5.8%	119,5 k €	+3.2%	115,7 k €	+3.2%	112,2 k €	+2.8%	109,1 k €	+2.8%	106,1 k €	-3.8%	110,3 k €	-3.3%	114,1 k €	-6.1%	121,5 k €	-71.3%	423,2 k €	-0.8%	426,5 k €	+1.4%	420,6 k €	+14.8%	366,5 k €	+16.9%	313,4 k €	-13.7%	363,1 k €	+15.8%	313,6 k €
Total assets	136,2 k €	+4.7%	130 k €	+7.0%	121,6 k €	+4.3%	116,6 k €	+3.9%	112,2 k €	+1.9%	110 k €	+3.0%	106,9 k €	-3.8%	111,1 k €	-4.6%	116,5 k €	-72.6%	424,5 k €	-0.5%	426,8 k €	-1.8%	434,7 k €	+1.3%	428,9 k €	+14.4%	374,8 k €	+19.3%	314,1 k €	-17.3%	379,8 k €	+19.4%	318,2 k €
Debts	4,4 k €	+18.9%	3,7 k €	+74.9%	2,1 k €	+149%	850 €		–		924,9 €	+27.4%	726 €	-6.2%	773,8 €	-67.5%	2,4 k €	-99.2%	303 k €	+8328%	3,6 k €	-55.7%	8,1 k €	-1.5%	8,2 k €	-0.5%	8,3 k €	+1233%	621,4 €	-96.3%	16,6 k €	+260%	4,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 19 ended

Active mandates

Gwijde VERSELE

Director · since 02 mai 2025 · until 02 mai 2031

Active

Stefan VERSELE

Director · since 02 mai 2025 · until 02 mai 2031

Active

Ended mandates

Stefan Versele

Director · since 05 mai 2022 · until 04 mai 2028

Ended

Versele Stefan

Director · since 05 mai 2022 · until 02 mai 2025

Ended

Gwijde VERSELE

Director · since 02 mai 2019 · until 02 mai 2025

Ended

Stefan Versele

Director · since 02 mai 2019 · until 02 mai 2025

Ended

At this address

Other companies at this address

Company	CBE no.
ABC-Trans● Active	0462.448.092
A.D.S.● Active	0449.064.963
A.R.K.E.● Liquidation	0429.570.834
Zaaizaadinrichtingen De Rycke P. V. B. A. Ets de Selection De Rycke S. P. R. L.● Liquidation	0401.014.430

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	14/07/2026	10/07/2025	10/07/2024	12/07/2023	11/07/2022	12/07/2021
General meeting	07/05/2026	02/05/2025	02/05/2024	04/05/2023	05/05/2022	06/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	07/05/2026	14/07/2026	Dutch	PDF
Abridged model	31/12/2024	02/05/2025	10/07/2025	Dutch	PDF
Abridged model	31/12/2023	02/05/2024	10/07/2024	Dutch	PDF
Abridged model	31/12/2022	04/05/2023	12/07/2023	Dutch	PDF
Abridged model	31/12/2021	05/05/2022	11/07/2022	Dutch	PDF
Abridged model	31/12/2020	06/05/2021	12/07/2021	Dutch	PDF
Micro model	31/12/2019	07/05/2020	04/11/2020	Dutch	PDF
Abridged model	31/12/2018	02/05/2019	29/07/2019	Dutch	PDF
Abridged model	31/12/2017	03/05/2018	19/07/2018	Dutch	PDF
Abridged model	31/12/2016	04/05/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	05/05/2016	27/07/2016	Dutch	PDF
Abridged model	31/12/2014	07/05/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	03/07/2014	Dutch	PDF
Abridged model	31/12/2012	02/05/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	03/05/2012	26/06/2012	Dutch	PDF
Abridged model	31/12/2010	05/05/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	06/05/2010	16/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/01/2009	02/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/05/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	03/05/2007	27/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 2 active · 19 ended

Active mandates

Gwijde VERSELE

Director · since 02 mai 2025 · until 02 mai 2031

Active

Stefan VERSELE

Director · since 02 mai 2025 · until 02 mai 2031

Active

Ended mandates

Stefan Versele

Director · since 05 mai 2022 · until 04 mai 2028

Ended

Versele Stefan

Director · since 05 mai 2022 · until 02 mai 2025

Ended

Gwijde VERSELE

Director · since 02 mai 2019 · until 02 mai 2025

Ended

Stefan Versele

Director · since 02 mai 2019 · until 02 mai 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2011
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2004
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 20255,5 k €↓
2024
Annual accounts 20246,9 k €↑
2023
Annual accounts 20233,7 k €↑
2022
Annual accounts 20223,6 k €↑
2021
Annual accounts 20213,1 k €↑
2021
Name changeNOE
2020
Annual accounts 20203 k €↑
2019
Annual accounts 2019-4,2 k €↓
2018
Annual accounts 2018-3,7 k €↑
2017
Annual accounts 2017-7,4 k €↓
2016
Annual accounts 20161,3 k €↑
2015
Annual accounts 2015-3,4 k €↓
2014
Annual accounts 20145,9 k €↓
2013
Annual accounts 201354,2 k €↑
2012
Annual accounts 201253 k €↓
2011
Annual accounts 201171,5 k €↑
2010
Annual accounts 201049,6 k €↓
2009
Annual accounts 200951,1 k €
2009
Name changeN.O.E.
24/03/1989
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

N.O.E.

Overview

What does N.O.E. do?

Trend over 17 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