ACTIVE

Novus (SA)

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Financial year 2025 · closed on 31/12/2025

Net result

97,1 k €

-95.4% YoY

Revenue

10,2 M €

-42.7% YoY

Equity

42,3 M €

-2.1% YoY

Workforce

1,6 ETP

-42.9% YoY

What does Novus do?

Novus is a Public limited company incorporated in 1999. Its main activity is: Buying and selling of own real estate. Its registered office is in Brugge. It employs on average 1,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.286.522

Incorporation

17/06/1999

Legal form

Public limited company

Registered office

Scheepsdalelaan 60
8000 Brugge · FlandreSee on map

Contributed capital

1 768 600,00 €

Latest accounts

31/12/2025

Average workforce

1,6 ETP

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 68310Real estate agencies 68311Real estate agencies 70120Activities of head offices 70311Activities of head offices; management consultancy activities

Joint committees (3)

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 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
Revenue	10,2 M €	-42.7%	17,8 M €	+11.9%	15,9 M €	+33.5%	11,9 M €	-32.7%	17,7 M €	+25.0%	14,2 M €	+8.1%	13,1 M €	-4.5%	13,7 M €	+3.4%	13,3 M €	-1.8%	13,5 M €	-20.1%	16,9 M €	-30.4%	24,3 M €		–		–		–		–		–		–		–		–
EBITDA	335 k €	-89.3%	3,1 M €	-43.2%	5,5 M €	+4.5%	5,3 M €	-8.8%	5,8 M €	+21.4%	4,8 M €	-8.7%	5,2 M €	-3.3%	5,4 M €	+22.4%	4,4 M €	-13.1%	5,1 M €	-31.4%	7,4 M €	+25.8%	5,9 M €	-2.0%	6 M €	-13.0%	6,9 M €	+25.1%	5,5 M €	+25.2%	4,4 M €	-12.6%	5 M €	+24.0%	4 M €	-4.0%	4,2 M €	+114%	2 M €
Operating result	277,3 k €	-91.0%	3,1 M €	-43.6%	5,4 M €	+4.7%	5,2 M €	-8.7%	5,7 M €	+22.9%	4,6 M €	-8.7%	5,1 M €	-3.3%	5,3 M €	+22.5%	4,3 M €	-13.3%	4,9 M €	-31.6%	7,2 M €	+26.6%	5,7 M €	-2.0%	5,8 M €	-13.2%	6,7 M €	+25.9%	5,3 M €	+25.3%	4,3 M €	-13.2%	4,9 M €	+25.0%	3,9 M €	-5.9%	4,2 M €	+116%	1,9 M €
Net result	97,1 k €	-95.4%	2,1 M €	-44.1%	3,8 M €	-0.3%	3,8 M €	-9.8%	4,2 M €	+23.4%	3,4 M €	-2.7%	3,5 M €	-2.8%	3,6 M €	+35.6%	2,6 M €	-17.1%	3,2 M €	-31.6%	4,6 M €	+30.1%	3,6 M €	-7.1%	3,8 M €	-12.8%	4,4 M €	+27.6%	3,5 M €	+26.7%	2,7 M €	-13.6%	3,2 M €	+43.1%	2,2 M €	-12.5%	2,5 M €	+138%	1,1 M €
Balance sheet
Equity	42,3 M €	-2.1%	43,2 M €	+5.1%	41,1 M €	-5.3%	43,4 M €	+9.4%	39,7 M €	+11.6%	35,5 M €	+10.3%	32,2 M €	-2.1%	32,9 M €	+11.4%	29,5 M €	-8.9%	32,4 M €	+10.9%	29,2 M €	+18.9%	24,6 M €	+14.8%	21,4 M €	+4.3%	20,5 M €	+27.4%	16,1 M €	+24.4%	12,9 M €	+27.1%	10,2 M €	+45.0%	7 M €	+45.8%	4,8 M €	+50.8%	3,2 M €
Total assets	70,1 M €	-2.9%	72,2 M €	-10.6%	80,7 M €	-4.1%	84,2 M €	+16.6%	72,2 M €	-16.0%	85,9 M €	+3.7%	82,8 M €	+11.7%	74,2 M €	+12.6%	65,9 M €	+3.4%	63,7 M €	+0.9%	63,1 M €	-0.2%	63,3 M €	-2.8%	65,1 M €	-0.4%	65,3 M €	+10.5%	59,1 M €	+73.6%	34,1 M €	+4.3%	32,7 M €	+5.2%	31 M €	+3.4%	30 M €	+69.2%	17,7 M €
Cash	248,3 k €	-58.4%	596,6 k €	+54720%	1,1 k €	-98.9%	96,8 k €	-95.5%	2,2 M €	+434%	403,2 k €	-91.0%	4,5 M €	+43.0%	3,1 M €	+30.0%	2,4 M €	-52.0%	5 M €	+110%	2,4 M €	-0.6%	2,4 M €	-30.5%	3,5 M €	-49.1%	6,8 M €	-20.1%	8,5 M €	+197%	2,9 M €	+44.6%	2 M €	-28.3%	2,8 M €	+244%	805,1 k €	+174%	294 k €
Debts	27,9 M €	-3.9%	29 M €	-26.8%	39,6 M €	-2.7%	40,7 M €	+25.3%	32,5 M €	-35.3%	50,2 M €	-0.6%	50,5 M €	+22.7%	41,2 M €	+13.6%	36,2 M €	+16.1%	31,2 M €	-7.7%	33,8 M €	-12.3%	38,5 M €	-6.8%	41,3 M €	-7.5%	44,7 M €	+4.2%	42,9 M €	+104%	21 M €	-6.0%	22,4 M €	-6.3%	23,9 M €	-4.7%	25,1 M €	+73.1%	14,5 M €
Other
Workforce	1,6 ETP	-42.9%	2,8 ETP	-22.2%	3,6 ETP	0.0%	3,6 ETP	-10.0%	4,0 ETP	+66.7%	2,4 ETP	-36.8%	3,8 ETP	-39.7%	6,3 ETP	-4.5%	6,6 ETP	0.0%	6,6 ETP	-5.7%	7,0 ETP	-6.7%	7,5 ETP	-8.5%	8,2 ETP	-22.6%	10,6 ETP	+6.0%	10,0 ETP	+13.6%	8,8 ETP	+17.3%	7,5 ETP	-3.8%	7,8 ETP	+62.5%	4,8 ETP	-11.1%	5,4 ETP

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 · 3 active · 23 ended

Active mandates

INVESTMENTS MICHOLT

Director · since 20 mai 2021 · until 10 juin 2026 · 0768.572.867

Represented by Hendrik Micholt

Active

Invedel

Director · since 02 février 2021 · until 10 juin 2026 · 0443.073.333

Represented by Lore Descheemaecker

Active

RURSUS REAL ESTATE DEVELOPMENT

Managing director · since 02 février 2021 · until 10 juin 2026 · 0758.989.069

Represented by Gurickx Michael

Active

Ended mandates

RURSUS REAL ESTATE DEVELOPMENT

Director · since 02 février 2021 · until 10 juin 2026 · 0758.989.069

Represented by Michael Gurickx

Ended

Modus Vivendi Projects

Director · since 13 juin 2018 · 0508.682.153

Represented by Michael Gurickx

Ended

Modus Vivendi Projects

Director · since 13 juin 2018 · until 12 juin 2024 · 0508.682.153

Represented by Michael Gurickx

Ended

Novus Holding

Managing director · since 13 juin 2018 · 0847.250.359

Represented by Luc Descheemaecker

Ended

At this address

Other companies at this address

Company	CBE no.
GILBEKO● Active	0453.564.674
Invedel● Active	0443.073.333
Maatschap 't Groenhof● Active	1034.143.229
Novus Construct● Active	0849.385.151
Novus Holding● Active	0847.250.359
RURSUS REAL ESTATE DEVELOPMENT● Active	0758.989.069

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	12/06/2026	04/07/2025	03/07/2024	19/06/2023	30/06/2022	02/07/2021
General meeting	10/06/2026	16/06/2025	29/06/2024	14/06/2023	08/06/2022	09/06/2021
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
Full model	31/12/2025	10/06/2026	12/06/2026	Dutch	PDF
Full model	31/12/2024	16/06/2025	04/07/2025	Dutch	PDF
Full model	31/12/2023	29/06/2024	03/07/2024	Dutch	PDF
Full model	31/12/2022	14/06/2023	19/06/2023	Dutch	PDF
Full model	31/12/2021	08/06/2022	30/06/2022	Dutch	PDF
Full model	31/12/2020	09/06/2021	02/07/2021	Dutch	PDF
Full model	31/12/2019	10/06/2020	30/06/2020	Dutch	PDF
Full model	31/12/2018	12/06/2019	10/07/2019	Dutch	PDF
Full model	31/12/2017	13/06/2018	29/06/2018	Dutch	PDF
Full model	31/12/2016	14/06/2017	28/06/2017	Dutch	PDF
Full model	31/12/2015	08/06/2016	24/06/2016	Dutch	PDF
Full model	31/12/2014	10/06/2015	10/07/2015	Dutch	PDF
Abridged model	31/12/2013	11/06/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	12/06/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	13/06/2012	15/06/2012	Dutch	PDF
Abridged model	31/12/2010	08/06/2011	05/07/2011	Dutch	PDF
Abridged model	31/12/2009	09/06/2010	07/07/2010	Dutch	PDF
Abridged model	31/12/2008	10/06/2009	09/07/2009	Dutch	PDF
Abridged model	31/12/2007	11/06/2008	23/06/2008	Dutch	PDF
Abridged model	31/12/2006	20/07/2007	06/08/2007	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 · 3 active · 23 ended

Active mandates

INVESTMENTS MICHOLT

Director · since 20 mai 2021 · until 10 juin 2026 · 0768.572.867

Represented by Hendrik Micholt

Active

Invedel

Director · since 02 février 2021 · until 10 juin 2026 · 0443.073.333

Represented by Lore Descheemaecker

Active

RURSUS REAL ESTATE DEVELOPMENT

Managing director · since 02 février 2021 · until 10 juin 2026 · 0758.989.069

Represented by Gurickx Michael

Active

Ended mandates

RURSUS REAL ESTATE DEVELOPMENT

Director · since 02 février 2021 · until 10 juin 2026 · 0758.989.069

Represented by Michael Gurickx

Ended

Modus Vivendi Projects

Director · since 13 juin 2018 · 0508.682.153

Represented by Michael Gurickx

Ended

Modus Vivendi Projects

Director · since 13 juin 2018 · until 12 juin 2024 · 0508.682.153

Represented by Michael Gurickx

Ended

Novus Holding

Managing director · since 13 juin 2018 · 0847.250.359

Represented by Luc Descheemaecker

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other30/06/2026
—
PDF
Restructuring08/08/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring22/11/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates01/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/03/2021
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates19/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/07/2018
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 202597,1 k €↓
2024
Annual accounts 20242,1 M €↓
2023
Annual accounts 20233,8 M €↓
2022
Annual accounts 20223,8 M €↓
2021
Annual accounts 20214,2 M €↑
2020
Annual accounts 20203,4 M €↓
2019
Annual accounts 20193,5 M €↓
2018
Annual accounts 20183,6 M €↑
2017
Annual accounts 20172,6 M €↓
2016
Annual accounts 20163,2 M €↓
2015
Annual accounts 20154,6 M €↑
2014
Annual accounts 20143,6 M €↓
2013
Annual accounts 20133,8 M €↓
2012
Annual accounts 20124,4 M €↑
2011
Annual accounts 20113,5 M €↑
2010
Annual accounts 20102,7 M €↓
2009
Annual accounts 20093,2 M €↑
2008
Annual accounts 20082,2 M €↓
2007
Annual accounts 20072,5 M €↑
2006
Annual accounts 20061,1 M €
17/06/1999
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

Novus (SA)

Overview

What does Novus do?

Trend over 20 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