ACTIVE

NOVANEL

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Financial year 2025 · closed on 31/12/2025
Net result
-251,2 k €
-16.9% YoY
Gross margin
-18,9 k €
-147.1% YoY
Equity
-183,9 k €
-373.0% YoY
Workforce
1,8 ETP
-21.7% YoY

What does NOVANEL do?

NOVANEL is a Private limited company incorporated in 2010. Its main activity is: Retail sale of watches and jewellery in specialised stores. Its registered office is in Brugge. It employs on average 1,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0823.959.570
Incorporation
10/03/2010
Legal form
Private limited company
Registered office
Messem 11
8200 Brugge · FlandreSee on map
Contributed capital
300 000,00 €
Latest accounts
31/12/2025
Average workforce
1,8 ETP
Activities (NACE)
47770Retail sale of watches and jewellery in specialised stores· main47770Retail sale of watches and jewellery in specialised stores47120Retail sale in non-specialised stores47910Retail sale via mail order houses or via Internet96099Other personal service activities n.e.c.96999Other personal service activities
Joint committees (3)
  • 201
  • 2010
  • 20100
Signals
Good liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin-18,9 k €40,2 k €244,5 k €287 k €87 k €203,6 k €302,5 k €275,8 k €248,3 k €
EBITDA-156,1 k €-121,3 k €83,7 k €104 k €-43,1 k €125,2 k €103,6 k €96,6 k €53,1 k €
Operating result-249,8 k €-215,9 k €-9,7 k €5,6 k €-53,6 k €-44,1 k €-17,4 k €-306,3 €-42,5 k €
Net result-251,2 k €-214,8 k €116,4 €17,6 k €-34,2 k €-30,9 k €-3,6 k €15,8 k €-24,3 k €
Balance sheet
Equity-183,9 k €67,4 k €282,2 k €282,1 k €264,5 k €298,7 k €329,6 k €333,2 k €315,2 k €
Total assets285,4 k €672,1 k €955,6 k €952,8 k €987,9 k €1,1 M €1,2 M €1,2 M €1,3 M €
Cash133,1 k €62,4 k €79,7 k €92,7 k €46,5 k €79,3 k €113,7 k €42,8 k €84,5 k €
Debts469,3 k €604,8 k €673,4 k €670,7 k €723,4 k €761,3 k €836,5 k €859,3 k €965,2 k €
Other
Workforce1,8 ETP2,3 ETP2,8 ETP2,8 ETP2,8 ETP2,5 ETP3,6 ETP3,7 ETP2,0 ETP
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Nele Verstraete

Director · since 19 juin 2020

Active
TWINVEST

Director · since 19 juin 2020 · 0628.933.449

Represented by Vangheluwe Stefaan

Active

Ended mandates

TWINVEST

Director · since 19 juin 2020 · 0628.933.449

Represented by Vangheluwe STEFAAN

Ended
Nele Verstraete

Director

Ended
Nele Verstraete

Manager

Ended
TWINVEST

Manager · 0628.933.449

Represented by Stefaan Vangeluwe

Ended
At this address

Other companies at this address

CompanyCBE no.
STANO● Active
0725.740.637
Stano Invest● Active
1016.112.315
TWINVEST● Active
0628.933.449
Twinvest Nora● Active
1018.065.280
Twinvest Stan● Active
1018.066.270
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/06/202629/07/202523/05/202425/05/202331/05/202230/07/2021
General meeting02/05/202630/06/202503/05/202405/05/202306/05/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202502/05/202608/06/2026DutchPDF
Abridged model31/12/202430/06/202529/07/2025DutchPDF
Abridged model31/12/202303/05/202423/05/2024DutchPDF
Abridged model31/12/202205/05/202325/05/2023DutchPDF
Abridged model31/12/202106/05/202231/05/2022DutchPDF
Abridged model31/12/202030/06/202130/07/2021DutchPDF
Abridged model31/12/201904/05/202026/05/2020DutchPDF
Abridged model31/12/201824/04/201916/05/2019DutchPDF
Abridged model31/12/201708/06/201814/06/2018DutchPDF
Estimate

Indicative valuation

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 · 5 ended

Active mandates

Nele Verstraete

Director · since 19 juin 2020

Active
TWINVEST

Director · since 19 juin 2020 · 0628.933.449

Represented by Vangheluwe Stefaan

Active

Ended mandates

TWINVEST

Director · since 19 juin 2020 · 0628.933.449

Represented by Vangheluwe STEFAAN

Ended
Nele Verstraete

Director

Ended
Nele Verstraete

Manager

Ended
TWINVEST

Manager · 0628.933.449

Represented by Stefaan Vangeluwe

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office29/04/2026
    BENAMING - MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates24/06/2020
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office21/04/2017
    MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Registered office01/12/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates20/07/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other25/03/2010
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025-251,2 k €↓
  2. 2024
    Annual accounts 2024-214,8 k €↓
  3. 2023
    Annual accounts 2023116,4 €↓
  4. 2022
    Annual accounts 202217,6 k €↑
  5. 2021
    Annual accounts 2021-34,2 k €↓
  6. 2020
    Annual accounts 2020-30,9 k €↓
  7. 2019
    Annual accounts 2019-3,6 k €↓
  8. 2018
    Annual accounts 201815,8 k €↑
  9. 2017
    Annual accounts 2017-24,3 k €
  10. 10/03/2010
    IncorporationPrivate limited company