NOSHAQ SPIN-OFFS
0465.001.172 · rovalta.com · 23/09/2026
ACTIVE
NOSHAQ SPIN-OFFS
Financial year 2025 · closed on 30/06/2025
Net result
6,6 M €
-12.6% YoY
Revenue
152,3 k €
+24.0% YoY
Equity
18,1 M €
+22.0% YoY
Overview
What does NOSHAQ SPIN-OFFS do?
NOSHAQ SPIN-OFFS is a Public limited company incorporated in 1998. Its main activity is: Management consultancy activities. Its registered office is in Liège.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0465.001.172
Incorporation
24/12/1998
Legal form
Public limited company
Registered office
Rue Lambert-Lombard 3
4000 Liège · WallonieSee on map
4000 Liège · WallonieSee on map
Contributed capital
750 000,00 €
Latest accounts
30/06/2025
Activities (NACE)
Signals
ProfitableLow riskGood liquidityPositive cashflow
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Financials
Trend over 15 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||
| Revenue | 152,3 k € | +24.0% | 122,8 k € | +6.8% | 115 k € | +2.0% | 112,8 k € | -1.1% | 114,1 k € | +50.1% | 76 k € | +13.2% | 67,1 k € | -14.4% | 78,4 k € | +15.8% | 67,7 k € | +14.6% | 59,1 k € | +2.6% | 57,6 k € | +27.0% | 45,3 k € | +47.1% | 30,8 k € | -7.7% | 33,4 k € | +15.6% | 28,9 k € |
| EBITDA | -337,9 k € | -3.3% | -327 k € | -12.4% | -291,1 k € | -1.0% | -288,1 k € | +16.5% | -344,9 k € | -17.0% | -294,7 k € | -5.2% | -280,1 k € | -2.8% | -272,4 k € | -95.4% | -139,4 k € | -55.0% | -90 k € | +28.2% | -125,4 k € | -4.9% | -119,5 k € | -6.4% | -112,3 k € | +10.2% | -125,1 k € | +9.1% | -137,6 k € |
| Operating result | -349,9 k € | -5.7% | -331,2 k € | -13.1% | -292,9 k € | -1.7% | -288,1 k € | +16.5% | -344,9 k € | -17.0% | -294,7 k € | -5.2% | -280,1 k € | -2.8% | -272,4 k € | -95.4% | -139,4 k € | -55.0% | -90 k € | +29.8% | -128,1 k € | -7.2% | -119,5 k € | -6.4% | -112,3 k € | +10.7% | -125,8 k € | +9.9% | -139,6 k € |
| Net result | 6,6 M € | -12.6% | 7,5 M € | +5.9% | 7,1 M € | +720% | -1,1 M € | -143% | 2,7 M € | +3028% | -91,1 k € | -106% | 1,5 M € | +126% | 683,8 k € | +35727% | -1,9 k € | -63.5% | -1,2 k € | +99.7% | -465 k € | – | -59,2 k € | -29084% | -202,9 € | +99.8% | -104,2 k € | ||
| Balance sheet | |||||||||||||||||||||||||||||
| Equity | 18,1 M € | +22.0% | 14,9 M € | +33.7% | 11,1 M € | +175% | 4 M € | -22.0% | 5,2 M € | +106% | 2,5 M € | -3.5% | 2,6 M € | +145% | 1,1 M € | +179% | 382,1 k € | -0.5% | 384,1 k € | -0.3% | 385,2 k € | -54.7% | 850,3 k € | 0.0% | 850,3 k € | -6.5% | 909,5 k € | -0.0% | 909,7 k € |
| Total assets | 69,2 M € | +9.5% | 63,2 M € | +21.8% | 51,9 M € | +25.9% | 41,2 M € | +6.2% | 38,8 M € | +16.2% | 33,4 M € | +13.3% | 29,5 M € | +19.8% | 24,6 M € | +25.1% | 19,7 M € | +13.5% | 17,3 M € | +9.6% | 15,8 M € | -11.4% | 17,9 M € | +12.2% | 15,9 M € | -2.1% | 16,3 M € | +16.6% | 13,9 M € |
| Cash | 1,1 M € | -46.4% | 2,1 M € | -72.2% | 7,5 M € | -29.2% | 10,6 M € | -1.7% | 10,8 M € | -14.6% | 12,6 M € | +52.7% | 8,3 M € | +23.2% | 6,7 M € | +38.2% | 4,9 M € | +32.0% | 3,7 M € | +86.5% | 2 M € | +61.0% | 1,2 M € | +13.0% | 1,1 M € | -34.3% | 1,7 M € | +10.5% | 1,5 M € |
| Debts | 50,5 M € | +6.6% | 47,4 M € | +18.8% | 39,9 M € | +9.8% | 36,3 M € | +10.6% | 32,8 M € | +7.5% | 30,6 M € | +15.1% | 26,5 M € | +14.1% | 23,3 M € | +22.0% | 19,1 M € | +14.0% | 16,7 M € | +9.7% | 15,3 M € | -9.3% | 16,8 M € | +12.8% | 14,9 M € | -1.8% | 15,2 M € | +17.9% | 12,9 M € |
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/06/2025 · 23 active · 56 ended
Active mandates
Deborah Geradon
ActiveSylvie Rouche
ActiveChristine DEFRAIGNE
ActiveChristophe LECLERCQ
ActiveEric DEWINGAERDEN
ActiveHenri LEMAITRE
ActiveJean-Christophe PETERKENNE
ActiveJean-Michel JAVAUX
ActiveJérôme HARDY
ActiveJoana WITHOFS
ActiveJoyce WIECZOREK
ActiveMarielle PAPY
ActiveMatthieu DE WINTER
ActiveActive
Nicolas DUMAZY
ActivePascal CARLENS
ActiveValérie SARETTO
ActiveMichel MOUTSCHEN
ActiveActive
Active
Active
Active
Active
Ended mandates
Joyce WIECZOREK
EndedMarielle PAPY
EndedMatthieu DE WINTER
EndedMichel MOUTSCHEN
EndedAt this address
Other companies at this address
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|---|---|
ALGAMA REAL ESTATE● Active | 0792.591.948 |
ATD DEVELOPPEMENT● Active | 0801.858.814 |
Bridge2Health● Active | 0840.607.146 |
CAUTION MUTUELLE DES METIERS ET NEGOCES● Liquidation | 0402.342.439 |
DYNAMOSHAQ● Active | 1001.713.060 |
EKLO● Active | 0876.745.287 |
EPIMEDE● Active | 0634.750.380 |
| 0547.614.092 | |
GRAND - POSTE● Active | 0884.938.621 |
GROOVE● Active | 1006.189.908 |
GROUPE MEUSINVEST● Active | 0560.824.801 |
H² ESTATE● Active | 0777.414.616 |
HI-TECH INVEST● Active | 0683.636.105 |
IMMOWOOD● Active | 0776.521.424 |
LEANSQUARE● Active | 0541.651.760 |
LE FIACRE● Active | 0550.911.597 |
LEGIAPARKBIS● Active | 0750.649.643 |
LSP1● Active | 0748.573.645 |
LSP2● Active | 0751.498.986 |
MARTIN FRERES● Active | 1001.711.080 |
Financials
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 | 01/07/2024 | 01/07/2023 | 01/07/2022 | 01/07/2021 | 01/07/2020 | 01/07/2019 |
| Closing of the financial year | 30/06/2025 | 30/06/2024 | 30/06/2023 | 30/06/2022 | 30/06/2021 | 30/06/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 17/12/2025 | 13/12/2024 | 14/12/2023 | 20/12/2022 | 22/12/2021 | 08/12/2020 |
| General meeting | 28/11/2025 | 15/11/2024 | 17/11/2023 | 15/12/2022 | 08/12/2021 | 27/11/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 30/06/2025 | 28/11/2025 | 17/12/2025 | French | |
| Full model | 30/06/2024 | 15/11/2024 | 13/12/2024 | French | |
| Full model | 30/06/2023 | 17/11/2023 | 14/12/2023 | French | |
| Full model | 30/06/2022 | 15/12/2022 | 20/12/2022 | French | |
| Full model | 30/06/2021 | 08/12/2021 | 22/12/2021 | French | |
| Full model | 30/06/2020 | 27/11/2020 | 08/12/2020 | French | |
| Full model | 30/06/2019 | 29/11/2019 | 12/12/2019 | French | |
| Full model | 30/06/2018 | 18/12/2018 | 20/12/2018 | French | |
| Full model | 30/06/2017 | 29/11/2017 | 11/12/2017 | French | |
| Full model | 30/06/2016 | 09/11/2016 | 01/12/2016 | French | |
| Full model | 30/06/2015 | 27/11/2015 | 17/12/2015 | French | |
| Full model | 30/06/2014 | 21/11/2014 | 17/12/2014 | French | |
| Full model | 30/06/2013 | 15/11/2013 | 11/12/2013 | French | |
| Full model | 30/06/2012 | 16/11/2012 | 10/12/2012 | French | |
| Full model | 30/06/2011 | 18/11/2011 | 09/12/2011 | French | |
| Full model | 30/06/2010 | 19/11/2010 | 17/12/2010 | French | |
| Full model | 30/06/2009 | 20/11/2009 | 09/12/2009 | French | |
| Full model | 30/06/2008 | 21/11/2008 | 09/12/2008 | French | |
| Full model | 30/06/2007 | 23/11/2007 | 07/12/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/06/2025 · 23 active · 56 ended
Active mandates
Deborah Geradon
ActiveSylvie Rouche
ActiveChristine DEFRAIGNE
ActiveChristophe LECLERCQ
ActiveEric DEWINGAERDEN
ActiveHenri LEMAITRE
ActiveJean-Christophe PETERKENNE
ActiveJean-Michel JAVAUX
ActiveJérôme HARDY
ActiveJoana WITHOFS
ActiveJoyce WIECZOREK
ActiveMarielle PAPY
ActiveMatthieu DE WINTER
ActiveActive
Nicolas DUMAZY
ActivePascal CARLENS
ActiveValérie SARETTO
ActiveMichel MOUTSCHEN
ActiveActive
Active
Active
Active
Active
Ended mandates
Joyce WIECZOREK
EndedMarielle PAPY
EndedMatthieu DE WINTER
EndedMichel MOUTSCHEN
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates22/12/2025DEMISSIONS, NOMINATIONS
- Mandates31/12/2024SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
- Registered office27/12/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - SIEGE SOCIAL
- Mandates05/01/2024DEMISSIONS, NOMINATIONS
- Other06/12/2023STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET
- Mandates23/01/2023DEMISSIONS, NOMINATIONS
- Mandates12/07/2022DEMISSIONS, NOMINATIONS
- Mandates19/01/2022DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 28/11/2025nominationMarielle PAPY — membre du Conseil d'administration
- 03/10/2025nominationDeborah GERADON — membre du Conseil d'administration
- 03/10/2025nominationSylvie ROUCHE — membre du Conseil d'administration
- 2025Annual accounts 20256,6 M €↓
- 15/11/2024nominationBenoît FELLIN — Délégué à la gestion journalière (CEO)
- 15/11/2024nominationJean-Michel JAVAUX — Président du Conseil d'administration
- 15/11/2024nominationValérie SARETTO — Vice-Présidente du Conseil d'administration
- 12/11/2024nominationPascal CARLENS — administrateur
- 12/11/2024nominationMatthieu DE WINTER — administrateur
- 12/11/2024nominationS.A. NETHYS — administrateur
- 12/11/2024nominationEric DEWINGAERDEN — administrateur
- 12/11/2024nominationNicolas DUMAZY — administrateur
- 12/11/2024nominationJean-Michel JAVAUX — administrateur
- 12/11/2024nominationChristophe LECLERCA — administrateur
- 12/11/2024nominationHenri LEMAITRE — administrateur
- 12/11/2024nominationMarielle PAPY — administrateur
- 12/11/2024nominationJean-Christophe PETERKENNE — administrateur
- 12/11/2024nominationValérie SARETTO — administrateur
- 12/11/2024nominationJoyce WIECZOREK — administrateur
- 12/11/2024nominationJoana WITHOFS — administrateur
- 12/11/2024nominationJérôme HARDY — administrateur
- 12/11/2024nominationChristine DEFRAIGNE — administrateur
- 2024Annual accounts 20247,5 M €↑
- 01/12/2023nominationBenoît FELLIN — délégué à la gestion journalière
- 17/11/2023nominationMélanie ADORANTE — commissaire (représentant permanent de PwC REVISEURS D'ENTREPRISES S.R.L.)
- 17/11/2023nominationCédric ANTONELLI — commissaire (représentant permanent de BDO REVISEURS D'ENTREPRISES S.R.L.)
- 2023Annual accounts 20237,1 M €↑
- 01/10/2022nominationSophie NYSSEN — administrateur
- 01/10/2022nominationMichel MOUTSCHEN — administrateur
- 2022Annual accounts 2022-1,1 M €↓
- 02/06/2022nominationEric BRANDT — représentant permanent de la S.A. NOSHAQ EUROPE 3, Administrateur
- 02/06/2022nominationBenoît FELLIN — représentant permanent de la S.A. NOSHAQ, Administrateur délégué
- 09/03/2022nominationMélanie ADORANTE — représentant permanent du Commissaire-Réviseur PWC REVISEURS D'ENTREPRISES
- 2021Annual accounts 20212,7 M €↑
- 2020Annual accounts 2020-91,1 k €↓
- 2019Annual accounts 20191,5 M €↑
- 2018Annual accounts 2018683,8 k €↑
- 2017Annual accounts 2017-1,9 k €↓
- 2016Annual accounts 2016-1,2 k €↑
- 2015Annual accounts 2015-465 k €↓
- 2014Annual accounts 2014
- 2013Annual accounts 2013-59,2 k €↓
- 2012Annual accounts 2012-202,9 €↑
- 2011Annual accounts 2011-104,2 k €
- 24/12/1998IncorporationPublic limited company