ACTIVE

NOVACAS

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Financial year 2025 · closed on 31/12/2025

Net result

32,9 k €

-65.8% YoY

Gross margin

264 k €

+13.6% YoY

Equity

643,6 k €

+5.4% YoY

What does NOVACAS do?

NOVACAS is a Public limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Keerbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.545.441

Incorporation

11/10/2002

Legal form

Public limited company

Registered office

Gentiaandreef 17
3140 Keerbergen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ 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	264 k €	+13.6%	232,4 k €	-12.7%	266,2 k €	+63.8%	162,5 k €	+5.4%	154,1 k €	+36.6%	112,8 k €	-13.4%	130,2 k €	-41.0%	220,9 k €	+128%	96,8 k €	-6.3%	103,2 k €	+36.8%	75,4 k €	-3.0%	77,7 k €	-0.1%	77,8 k €	-9.9%	86,3 k €	-5.9%	91,7 k €	-7.3%	98,9 k €	-46.1%	183,4 k €	+588%	26,7 k €	+315%	-12,4 k €	+66.7%	-37,2 k €
EBITDA	136,1 k €	-40.3%	228 k €	-12.8%	261,4 k €	+65.1%	158,3 k €	+12.0%	141,3 k €	+34.2%	105,3 k €	-10.1%	117,2 k €	-45.2%	213,8 k €	+139%	89,3 k €	-6.5%	95,5 k €	+45.9%	65,5 k €	-3.0%	67,5 k €	-2.7%	69,3 k €	-10.0%	77 k €	-12.8%	88,4 k €	-7.1%	95,1 k €	-46.1%	176,5 k €	+590%	25,6 k €	+240%	-18,3 k €	+51.4%	-37,6 k €
Operating result	72,1 k €	-55.8%	163,3 k €	-17.8%	198,5 k €	+123%	88,8 k €	+24.8%	71,2 k €	+69.0%	42,1 k €	-29.9%	60,1 k €	-64.2%	167,8 k €	+294%	42,6 k €	-12.9%	48,9 k €	+147%	19,8 k €	-31.1%	28,8 k €	-5.0%	30,3 k €	-16.3%	36,2 k €	-19.8%	45,1 k €	-12.5%	51,5 k €	-59.9%	128,6 k €	+1191%	-11,8 k €	+66.1%	-34,7 k €	+25.9%	-46,9 k €
Net result	32,9 k €	-65.8%	96,2 k €	-33.2%	144 k €	+230%	43,7 k €	+135%	18,6 k €	+60.9%	11,6 k €	-66.1%	34,2 k €	-69.5%	112,2 k €	+413%	21,9 k €	-13.6%	25,3 k €	+192%	8,7 k €	-49.3%	17,1 k €	-6.0%	18,1 k €	+246%	5,2 k €	+1481%	-379,3 €	-135%	1,1 k €	-98.3%	63,9 k €	-5.2%	67,5 k €	+223%	-54,7 k €	-3.2%	-53 k €
Balance sheet
Equity	643,6 k €	+5.4%	610,7 k €	+18.7%	514,6 k €	+38.9%	370,5 k €	+13.4%	326,9 k €	+6.0%	308,2 k €	+3.9%	296,7 k €	+13.0%	262,5 k €	+74.7%	150,3 k €	+17.0%	128,4 k €	+24.5%	103,1 k €	+9.2%	94,5 k €	+14.6%	82,4 k €	+19.0%	69,2 k €	+8.2%	64 k €	-0.6%	64,4 k €	+1.7%	63,3 k €	+116%	29,4 k €	+177%	-38,1 k €	-330%	16,6 k €
Total assets	2,6 M €	+28.7%	2 M €	-7.1%	2,2 M €	-9.1%	2,4 M €	+18.7%	2 M €	-3.1%	2,1 M €	+18.6%	1,8 M €	+32.7%	1,3 M €	+2.7%	1,3 M €	-3.5%	1,3 M €	+4.9%	1,3 M €	+17.9%	1,1 M €	-5.0%	1,1 M €	-2.1%	1,2 M €	-4.9%	1,2 M €	-1.9%	1,2 M €	-10.1%	1,4 M €	-23.6%	1,8 M €	+20.8%	1,5 M €	+230%	453,5 k €
Cash	632,4 k €	+4651%	13,3 k €	-89.1%	121,7 k €	+1735%	6,6 k €	+279%	1,7 k €	+30.2%	1,3 k €	-76.5%	5,7 k €	+35057%	16,3 €	0.0%	16,3 €	-99.8%	7,2 k €	-13.4%	8,3 k €	-28.7%	11,7 k €	+8.8%	10,7 k €	+50.9%	7,1 k €	-1.9%	7,2 k €	+32.1%	5,5 k €	-77.4%	24,2 k €	+377%	5,1 k €	+36.2%	3,7 k €	-65.6%	10,9 k €
Debts	1,9 M €	+40.2%	1,4 M €	-15.4%	1,6 M €	-18.9%	2 M €	+20.2%	1,7 M €	-4.7%	1,7 M €	+22.2%	1,4 M €	+39.1%	1 M €	-9.3%	1,1 M €	-5.0%	1,2 M €	+3.5%	1,1 M €	+17.1%	976,4 k €	-6.9%	1 M €	-3.8%	1,1 M €	-5.6%	1,2 M €	-1.9%	1,2 M €	-10.7%	1,3 M €	-25.9%	1,8 M €	+15.9%	1,5 M €	+251%	437 k €

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 · 2 active

Active mandates

BEN ABELOOS

Managing director

Active

JESSICA VAN HECKE

Managing director

Active

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	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	14/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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
Micro model	31/12/2025	29/05/2026	29/05/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	30/05/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	31/05/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	26/05/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	27/05/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	14/06/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	29/05/2020	Dutch	PDF
Micro model	31/12/2018	16/07/2019	19/07/2019	Dutch	PDF
Micro model	31/12/2017	19/07/2018	19/07/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	20/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	27/05/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	29/05/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	10/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	25/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	13/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	12/07/2010	26/07/2010	Dutch	PDF
Abridged model	31/12/2008	11/09/2009	09/10/2009	Dutch	PDF
Abridged model	31/12/2007	19/08/2008	26/08/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	08/08/2007	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 · 2 active

Active mandates

BEN ABELOOS

Managing director

Active

JESSICA VAN HECKE

Managing director

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other09/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/03/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Other06/01/2012
DIVERSEN
PDF
Mandates03/04/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/01/2009
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 202532,9 k €↓
2024
Annual accounts 202496,2 k €↓
2023
Annual accounts 2023144 k €↑
2022
Annual accounts 202243,7 k €↑
2021
Annual accounts 202118,6 k €↑
2020
Annual accounts 202011,6 k €↓
2019
Annual accounts 201934,2 k €↓
2018
Annual accounts 2018112,2 k €↑
2017
Annual accounts 201721,9 k €↓
2016
Annual accounts 201625,3 k €↑
2015
Annual accounts 20158,7 k €↓
2014
Annual accounts 201417,1 k €↓
2013
Annual accounts 201318,1 k €↑
2012
Annual accounts 20125,2 k €↑
2011
Annual accounts 2011-379,3 €↓
2010
Annual accounts 20101,1 k €↓
2009
Annual accounts 200963,9 k €↓
2008
Annual accounts 200867,5 k €↑
2007
Annual accounts 2007-54,7 k €↓
2006
Annual accounts 2006-53 k €
11/10/2002
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

NOVACAS

Overview

What does NOVACAS 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