ACTIVE

NOEL A.

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Financial year 2025 · closed on 31/12/2025

Net result

27,1 k €

+3.1% YoY

Gross margin

30,4 k €

-14.4% YoY

Equity

-57,4 k €

+32.1% YoY

What does NOEL A. do?

NOEL A. is a Private limited company incorporated in 1993. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Charleroi.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.217.571

Incorporation

22/10/1993

Legal form

Private limited company

Registered office

Rue Joseph Wauters 88
6043 Charleroi · Wallonie

Contributed capital

8 059,20 €

Latest accounts

31/12/2025

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines 25999Manufacture of other fabricated metal products n.e.c.25999Manufacture of other fabricated metal products n.e.c.28755Manufacture of machinery and equipment n.e.c.

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	30,4 k €	-14.4%	35,6 k €	+337%	8,1 k €	-83.1%	48,1 k €	+85.9%	25,9 k €	+4984%	509,5 €	-98.8%	42,8 k €	-12.3%	48,8 k €	+14.3%	42,7 k €	-5.2%	45 k €	+99.1%	22,6 k €	+236%	6,7 k €	-81.1%	35,7 k €	-35.4%	55,3 k €	+16.6%	47,4 k €	-35.9%	74 k €	-0.5%	74,3 k €	-18.4%	91,1 k €	+52.0%	59,9 k €	-27.2%	82,3 k €
EBITDA	28,8 k €	-14.2%	33,6 k €	+487%	5,7 k €	-81.7%	31,3 k €	+155%	12,3 k €	+244%	-8,5 k €	-149%	17,5 k €	-56.7%	40,4 k €	+268%	11 k €	-32.1%	16,2 k €	+478%	2,8 k €	+115%	-18,2 k €	+44.6%	-32,8 k €	-276%	18,7 k €	+221%	5,8 k €	-89.0%	53 k €	+32.2%	40 k €	+41.6%	28,3 k €	+55.3%	18,2 k €	-23.4%	23,8 k €
Operating result	27,6 k €	-14.2%	32,1 k €	+658%	4,2 k €	-83.5%	25,6 k €	+298%	6,4 k €	+143%	-15,1 k €	-237%	11 k €	-67.5%	33,9 k €	+280%	8,9 k €	-36.1%	14 k €	+2255%	593,8 €	+103%	-21 k €	+46.3%	-39,2 k €	-685%	6,7 k €	+207%	-6,2 k €	-117%	36,2 k €	+51.1%	23,9 k €	+111%	11,4 k €	+17.4%	9,7 k €	-33.9%	14,6 k €
Net result	27,1 k €	+3.1%	26,3 k €	+600%	3,8 k €	-83.1%	22,2 k €	+1468%	1,4 k €	+105%	-29,1 k €	-133%	88,9 k €	+131%	-283,9 k €	-3562%	8,2 k €	-39.1%	13,5 k €	+3809%	344,6 €	+102%	-21,2 k €	+46.2%	-39,4 k €	-739%	6,2 k €	+205%	-5,9 k €	-126%	23 k €	+34.8%	17,1 k €	+118%	7,8 k €	+5.7%	7,4 k €	-23.9%	9,7 k €
Balance sheet
Equity	-57,4 k €	+32.1%	-84,5 k €	+23.7%	-110,8 k €	+3.3%	-114,6 k €	+16.2%	-136,8 k €	+1.0%	-138,2 k €	-26.7%	-109,1 k €	+44.9%	-198 k €	-330%	85,9 k €	+10.6%	77,7 k €	+21.0%	64,2 k €	+0.5%	63,9 k €	-24.9%	85,1 k €	-31.7%	124,5 k €	+5.2%	118,3 k €	-4.8%	124,2 k €	+6.4%	116,7 k €	+17.2%	99,6 k €	+8.5%	91,8 k €	+8.8%	84,4 k €
Total assets	67 k €	+32.2%	50,7 k €	+18.5%	42,8 k €	-3.3%	44,2 k €	+42.7%	31 k €	-33.7%	46,7 k €	-35.1%	72 k €	-32.2%	106,3 k €	-42.3%	184,1 k €	+5.8%	174 k €	-1.2%	176,1 k €	+9.6%	160,6 k €	-16.9%	193,2 k €	-5.3%	204 k €	-5.8%	216,6 k €	-1.7%	220,4 k €	+0.4%	219,5 k €	+13.6%	193,3 k €	+26.8%	152,4 k €	+11.1%	137,2 k €
Cash	22,7 k €	+61.8%	14 k €	+436%	2,6 k €	-37.3%	4,2 k €	+82.6%	2,3 k €	-69.3%	7,5 k €	-45.7%	13,7 k €	-13.1%	15,8 k €	-61.2%	40,7 k €	+11.1%	36,6 k €	+54.5%	23,7 k €	-17.5%	28,7 k €	-59.3%	70,6 k €	+31.7%	53,6 k €	-1.0%	54,1 k €	-35.7%	84,2 k €	+46.5%	57,5 k €	+6.1%	54,2 k €	+11.6%	48,6 k €	-20.1%	60,8 k €
Debts	124,4 k €	-8.0%	135,2 k €	-12.0%	153,6 k €	-3.3%	158,8 k €	-5.1%	167,3 k €	-8.4%	182,6 k €	+0.9%	180,9 k €	-40.5%	304,2 k €	+1572%	18,2 k €	+11.9%	16,3 k €	-48.9%	31,8 k €	+90.6%	16,7 k €	-40.6%	28,1 k €	-28.7%	39,4 k €	-32.3%	58,2 k €	+3.7%	56,1 k €	-10.6%	62,8 k €	+17.2%	53,6 k €	+5.9%	50,6 k €	+18.3%	42,8 k €
Other
Workforce	–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP	-31.3%	1,6 ETP	-20.0%	2,0 ETP	-4.8%	2,1 ETP	-32.3%	3,1 ETP	+19.2%	2,6 ETP	0.0%	2,6 ETP	-13.3%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Adrien Noël

Director · since 24 octobre 2003

Active

Ended mandates

Adrien NOEL

Manager · since 24 octobre 2003

Ended

HENRI NOEL ADRIEN

Manager · since 24 octobre 2003

Ended

Adrien Noel

Director

Ended

Adrien Noel

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	31/07/2026	04/08/2025	31/08/2024	11/10/2023	26/08/2022	10/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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
Micro model	31/12/2025	26/06/2026	31/07/2026	French	PDF
Micro model	31/12/2024	27/06/2025	04/08/2025	French	PDF
Micro model	31/12/2023	28/06/2024	31/08/2024	French	PDF
Micro model	31/12/2022	30/06/2023	11/10/2023	French	PDF
Micro model	31/12/2021	24/06/2022	26/08/2022	French	PDF
Micro model	31/12/2020	25/06/2021	10/08/2021	French	PDF
Abridged model	31/12/2019	28/08/2020	15/09/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	25/07/2019	French	PDF
Abridged model	31/12/2017	22/06/2018	24/08/2018	French	PDF
Abridged model	31/12/2016	23/06/2017	20/07/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	29/08/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	07/07/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	01/07/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	17/07/2013	French	PDF
Abridged model	31/12/2011	22/06/2012	25/06/2012	French	PDF
Abridged model	31/12/2010	24/06/2011	06/07/2011	French	PDF
Abridged model	31/12/2009	25/06/2010	02/07/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	10/07/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	30/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 8 ended

Active mandates

Adrien Noël

Director · since 24 octobre 2003

Active

Ended mandates

Adrien NOEL

Manager · since 24 octobre 2003

Ended

HENRI NOEL ADRIEN

Manager · since 24 octobre 2003

Ended

Adrien Noel

Director

Ended

Adrien Noel

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other04/09/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office03/06/2004
SIEGE SOCIAL
PDF
Registered office14/11/2003
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - CAPITAL, ACTIONS
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 202527,1 k €↑
2025
Name changeNOEL A.
2024
Annual accounts 202426,3 k €↑
2023
Annual accounts 20233,8 k €↓
2022
Annual accounts 202222,2 k €↑
2021
Annual accounts 20211,4 k €↑
2021
Name changeNOEL ADRIEN SPRL
2020
Annual accounts 2020-29,1 k €↓
2019
Annual accounts 201988,9 k €↑
2018
Annual accounts 2018-283,9 k €↓
2017
Annual accounts 20178,2 k €↓
2016
Annual accounts 201613,5 k €↑
2015
Annual accounts 2015344,6 €↑
2014
Annual accounts 2014-21,2 k €↑
2013
Annual accounts 2013-39,4 k €↓
2012
Annual accounts 20126,2 k €↑
2011
Annual accounts 2011-5,9 k €↓
2010
Annual accounts 201023 k €↑
2009
Annual accounts 200917,1 k €↑
2008
Annual accounts 20087,8 k €↑
2007
Annual accounts 20077,4 k €↓
2006
Annual accounts 20069,7 k €
22/10/1993
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

NOEL A.

Overview

What does NOEL A. do?

Trend over 20 financial years

Indicative valuation

Board of directors

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