ACTIVE

NO.M

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Financial year 2025 · closed on 31/12/2025

Net result

-287,2 k €

-408.0% YoY

Gross margin

196,5 k €

-64.6% YoY

Equity

10,1 M €

-2.8% YoY

Workforce

1,0 ETP

0.0% YoY

What does NO.M do?

NO.M is a Private limited company incorporated in 1993. Its main activity is: Management consultancy activities. Its registered office is in Antwerpen. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.836.402

Incorporation

08/09/1993

Legal form

Private limited company

Registered office

Frankrijklei 5 box 401
2000 Antwerpen · FlandreSee on map

Contributed capital

16 575 476,11 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	196,5 k €	-64.6%	555,7 k €	+298%	139,7 k €	+978%	-15,9 k €	+66.4%	-47,4 k €	-156%	85,1 k €	-78.3%	392,5 k €	+43.4%	273,6 k €	+18.7%	230,6 k €	-26.2%	312,3 k €	+22.2%	255,6 k €	-5.0%	268,9 k €	+86.9%	143,9 k €	+554%	22 k €	-67.1%	66,9 k €	+83.3%	36,5 k €	+482%	-9,6 k €	+11.6%	-10,8 k €
EBITDA	105,1 k €	-78.3%	484 k €	+700%	60,5 k €	+177%	-78,6 k €	+30.4%	-112,8 k €	-340%	46,9 k €	-87.6%	379,3 k €	+73.8%	218,2 k €	+157%	-380,8 k €	-226%	302,6 k €	+28.0%	236,5 k €	-5.7%	250,7 k €	+97.3%	127,1 k €	+2688%	4,6 k €	-86.1%	32,9 k €	+57.7%	20,8 k €	+164%	-32,7 k €	-24.8%	-26,2 k €
Operating result	-282,1 k €	-399%	94,3 k €	+125%	-370,2 k €	+27.4%	-509,9 k €	+6.1%	-542,9 k €	-69.3%	-320,6 k €	-3464%	9,5 k €	+106%	-159 k €	+80.0%	-794,6 k €	-689%	-100,7 k €	+38.8%	-164,5 k €	+7.9%	-178,7 k €	-1369%	14,1 k €	+111%	-129,3 k €	-28.0%	-101 k €	+13.6%	-116,9 k €	+31.6%	-170,9 k €	-0.9%	-169,4 k €
Net result	-287,2 k €	-408%	93,3 k €	+125%	-372,9 k €	+27.3%	-513,1 k €	+5.9%	-545,6 k €	-44.3%	-378,1 k €	-535%	86,9 k €	+131%	-276 k €	+77.0%	-1,2 M €	-187%	-417,5 k €	-507%	102,5 k €	+124%	-419,9 k €	-198%	-140,9 k €	+38.5%	-229,1 k €	-22.9%	-186,4 k €	-19.1%	-156,4 k €	+8.4%	-170,8 k €	-1.2%	-168,8 k €
Balance sheet
Equity	10,1 M €	-2.8%	10,4 M €	+0.9%	10,3 M €	-3.5%	10,6 M €	-4.6%	11,2 M €	+32209%	-34,7 k €	-110%	343,4 k €	+33.9%	256,5 k €	-51.8%	532,5 k €	-69.2%	1,7 M €	-19.4%	2,1 M €	+5.0%	2 M €	-17.0%	2,5 M €	-5.4%	2,6 M €	+324%	-1,2 M €	-19.1%	-977,6 k €	-19.1%	-821,2 k €	-26.3%	-650,4 k €
Total assets	10,1 M €	-2.5%	10,4 M €	-0.8%	10,5 M €	-3.7%	10,9 M €	-4.7%	11,4 M €	-20.4%	14,3 M €	-1.3%	14,5 M €	-1.0%	14,7 M €	+0.9%	14,5 M €	-1.4%	14,7 M €	-0.8%	14,9 M €	+0.8%	14,7 M €	+43.2%	10,3 M €	+55.0%	6,6 M €	+249%	1,9 M €	-3.2%	2 M €	-4.8%	2,1 M €	-5.0%	2,2 M €
Cash	400,5 k €	-2.4%	410,3 k €	+520%	66,2 k €	+560%	10 k €	-92.2%	127,9 k €	+90.5%	67,1 k €	-4.2%	70,1 k €	+23.5%	56,7 k €	-11.7%	64,2 k €	-79.8%	318,3 k €	-28.3%	444 k €	+2514%	17 k €	-31.6%	24,8 k €	+32.9%	18,7 k €	-59.4%	46,1 k €	-44.5%	83,1 k €	+134%	35,5 k €	-13.7%	41,2 k €
Debts	66,2 k €	+82.3%	36,3 k €	-83.2%	216,5 k €	-10.7%	242,5 k €	-7.4%	262 k €	-97.9%	12,7 M €	+0.6%	12,6 M €	-2.6%	12,9 M €	-7.7%	14 M €	+7.6%	13 M €	+2.3%	12,7 M €	+0.2%	12,7 M €	+77.7%	7,1 M €	+83.0%	3,9 M €	+27.3%	3,1 M €	+4.2%	2,9 M €	+2.0%	2,9 M €	+2.9%	2,8 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+233%	0,3 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 13 ended

Active mandates

VNL

Director · 0459.593.423

Represented by Arco VAN NIEUWLAND

Active

Ended mandates

Arco Van Nieuwland

Managing director · since 18 mai 2017

Ended

VNL

Director · since 18 mai 2017 · 0459.593.423

Represented by Arco Van Nieuwland

Ended

VNL

Director · since 18 mai 2017 · until 17 mai 2023 · 0459.593.423

Represented by Arco van Nieuwland

Ended

VNL

Director · since 18 mai 2017 · 0459.593.423

Represented by Arco van Nieuwland

Ended

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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	01/06/2026	16/05/2025	05/07/2024	31/08/2023	01/08/2022	29/03/2021
General meeting	21/05/2026	15/05/2025	06/06/2024	31/07/2023	30/06/2022	25/03/2021
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	21/05/2026	01/06/2026	Dutch	PDF
Abridged model	31/12/2024	15/05/2025	16/05/2025	Dutch	PDF
Abridged model	31/12/2023	06/06/2024	05/07/2024	Dutch	PDF
Abridged model	31/12/2022	31/07/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	01/08/2022	Dutch	PDF
Abridged model	31/12/2020	25/03/2021	29/03/2021	Dutch	PDF
Abridged model	31/12/2019	31/08/2020	30/09/2020	Dutch	PDF
Abridged model	31/12/2018	16/05/2019	01/10/2019	Dutch	PDF
Abridged model	31/12/2017	17/05/2018	17/06/2019	Dutch	PDF
Micro model	31/12/2016	18/05/2017	05/06/2018	Dutch	PDF
Abridged model	31/12/2015	19/05/2016	20/09/2016	Dutch	PDF
Abridged model	31/12/2014	21/05/2015	11/01/2016	Dutch	PDF
Abridged model	31/12/2013	15/05/2014	30/04/2015	Dutch	PDF
Abridged model	31/12/2012	16/05/2013	30/09/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	21/08/2012	Dutch	PDF
Abridged model	31/12/2010	19/05/2011	13/10/2011	Dutch	PDF
Abridged model	31/12/2009	20/05/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	22/05/2009	02/06/2009	Dutch	PDF
Abridged model	31/12/2007	15/05/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	18/05/2007	19/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 13 ended

Active mandates

VNL

Director · 0459.593.423

Represented by Arco VAN NIEUWLAND

Active

Ended mandates

Arco Van Nieuwland

Managing director · since 18 mai 2017

Ended

VNL

Director · since 18 mai 2017 · 0459.593.423

Represented by Arco Van Nieuwland

Ended

VNL

Director · since 18 mai 2017 · until 17 mai 2023 · 0459.593.423

Represented by Arco van Nieuwland

Ended

VNL

Director · since 18 mai 2017 · 0459.593.423

Represented by Arco van Nieuwland

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office26/04/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates23/04/2021
BENAMING - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates28/01/2021
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office13/08/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates18/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/11/2011
ONTSLAGEN - BENOEMINGEN
PDF
Other28/07/2010
STATUTENWIJZIGING
PDF
Registered office28/03/2007
MAATSCHAPPELIJKE ZETEL
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 2025-287,2 k €↓
2024
Annual accounts 202493,3 k €↑
2023
Annual accounts 2023-372,9 k €↑
2022
Annual accounts 2022-513,1 k €↑
2021
Annual accounts 2021-545,6 k €↓
2018
Annual accounts 2018-378,1 k €↓
2017
Annual accounts 201786,9 k €↑
2016
Annual accounts 2016-276 k €↑
2015
Annual accounts 2015-1,2 M €↓
2014
Annual accounts 2014-417,5 k €↓
2013
Annual accounts 2013102,5 k €↑
2012
Annual accounts 2012-419,9 k €↓
2011
Annual accounts 2011-140,9 k €↑
2010
Annual accounts 2010-229,1 k €↓
2009
Annual accounts 2009-186,4 k €↓
2008
Annual accounts 2008-156,4 k €↑
2007
Annual accounts 2007-170,8 k €↓
2006
Annual accounts 2006-168,8 k €
08/09/1993
IncorporationPrivate 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

NO.M

Overview

What does NO.M do?

Trend over 18 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