OPENING OF BANKRUPTCY

NOVALON

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Financial year 2022 · closed on 31/12/2022

Net result

-28,1 M €

+14.0% YoY

Revenue

14,2 M €

+246.3% YoY

Equity

9,2 M €

+112.0% YoY

Workforce

5,0 ETP

0.0% YoY

Company — Opening of bankruptcy.

What does NOVALON do?

NOVALON is a Public limited company incorporated in 2005. Its main activity is: Manufacture of pharmaceutical preparations. Its registered office is in Liège. It employs on average 5,0 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0877.126.557

Incorporation

03/11/2005

Legal form

Public limited company

Registered office

Rue Saint-Georges 5
4000 Liège · WallonieSee on map

Contributed capital

35 627 829,00 €

Latest accounts

31/12/2022

Average workforce

5,0 ETP

Activities (NACE)

21209Manufacture of pharmaceutical preparations· main 21209Manufacture of pharmaceutical preparations 24422Aluminium production

Joint committees (3)

Signals

Healthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	14,2 M €	+246%	4,1 M €	+7.3%	3,8 M €	+10.6%	3,5 M €	+1554%	209,2 k €	-96.3%	5,6 M €	+56216%	9,9 k €	-99.4%	1,8 M €	+59.3%	1,1 M €	-64.5%	3,1 M €	+4298%	70,8 k €	+258%	19,8 k €		0 €	-100%	1,2 k €		0 €		–		–
EBITDA	-15,6 M €	+45.0%	-28,4 M €	-8.5%	-26,2 M €	-39.3%	-18,8 M €	-48260%	39 k €	-99.4%	6,2 M €	+215%	-5,4 M €	-429%	1,6 M €	+228%	-1,3 M €	-199%	1,3 M €	+192%	-1,4 M €	-45.1%	-978,7 k €	-1709%	-54,1 k €	-749%	-6,4 k €	-30.2%	-4,9 k €	+16.1%	-5,8 k €	+82.6%	-33,5 k €
Operating result	-20,4 M €	+34.0%	-31 M €	-3.1%	-30 M €	-21.0%	-24,8 M €	-871%	-2,6 M €	-203%	2,5 M €	+146%	-5,5 M €	-435%	1,6 M €	+226%	-1,3 M €	-200%	1,3 M €	+191%	-1,4 M €	-44.1%	-986,7 k €	-1489%	-62,1 k €	-332%	-14,4 k €	-11.5%	-12,9 k €	+6.8%	-13,8 k €	+63.8%	-38,3 k €
Net result	-28,1 M €	+14.0%	-32,7 M €	-7.3%	-30,4 M €	-22.1%	-24,9 M €	-845%	-2,6 M €	-214%	2,3 M €	+141%	-5,7 M €	-459%	1,6 M €	+222%	-1,3 M €	-200%	1,3 M €	+191%	-1,4 M €	-45.6%	-976,5 k €	-1565%	-58,7 k €	-309%	-14,3 k €	-3.6%	-13,8 k €	+0.5%	-13,9 k €	+63.7%	-38,3 k €
Balance sheet
Equity	9,2 M €	+112%	-76,7 M €	-74.1%	-44,1 M €	-229%	-13,4 M €	-356%	5,2 M €	-35.6%	8,1 M €	+475%	-2,2 M €	-161%	3,5 M €	+246202%	-1,4 k €	-100%	1,3 M €	+230%	-996,1 k €	-409%	322,5 k €	-72.2%	1,2 M €	+7647%	-15,4 k €	-1387%	-1 k €	-108%	12,8 k €	-52.1%	26,7 k €
Total assets	36,6 M €	+1.5%	36,1 M €	+17.0%	30,8 M €	-2.8%	31,7 M €	+41.9%	22,3 M €	-27.5%	30,8 M €	+34.5%	22,9 M €	+2.9%	22,3 M €	+1083%	1,9 M €	+4.6%	1,8 M €	-13.4%	2,1 M €	+87.2%	1,1 M €	-16.6%	1,3 M €	+253%	377,5 k €	+664%	49,4 k €	-21.9%	63,3 k €	+94.2%	32,6 k €
Cash	18,5 k €	-99.4%	3 M €	-11.2%	3,4 M €	+194%	1,2 M €	+153%	456,1 k €	-77.9%	2,1 M €	+2438%	81,3 k €	-66.4%	242 k €	-71.4%	847,7 k €	+10.3%	768,8 k €	+1.3%	759 k €	+3855%	19,2 k €	+43.7%	13,4 k €	-47.9%	25,6 k €	+3.9%	24,7 k €	-18.9%	30,4 k €	-5.0%	32 k €
Debts	27,4 M €	-75.7%	112,8 M €	+50.6%	74,9 M €	+66.1%	45,1 M €	+171%	16,6 M €	-26.7%	22,7 M €	-9.4%	25,1 M €	+33.9%	18,7 M €	+894%	1,9 M €	+274%	503,4 k €	-83.6%	3,1 M €	+290%	788,6 k €	+357%	172,5 k €	-56.1%	392,9 k €	+679%	50,5 k €	0.0%	50,5 k €	+762%	5,9 k €
Other
Workforce	5,0 ETP	0.0%	5,0 ETP	-37.5%	8,0 ETP	+14.3%	7,0 ETP	+250%	2,0 ETP	+5.3%	1,9 ETP	+5.6%	1,8 ETP	-5.3%	1,9 ETP	-26.9%	2,6 ETP	+4.0%	2,5 ETP	+25.0%	2,0 ETP	+100%	1,0 ETP		–		–		–		–		–

Governance

Board of directors

Seen on filing of 31/12/2022 · 4 active · 29 ended

Active mandates

David Horn Solomon

Managing director · since 11 avril 2023 · until 13 mai 2025

Active

ALIUS MODI

Director · since 11 août 2022 · until 13 mai 2025 · 0809.631.185

Represented by VALERIE GORDENNE

Active

VAN ROMPAY MANAGEMENT

Managing director · since 04 février 2021 · until 11 avril 2023 · 0475.644.151

Represented by LEON VAN ROMPAY

Active

YIMA

Director · since 13 février 2017 · until 30 juin 2022 · 0871.523.818

Represented by FRANCOIS FORNIERI

Active

Ended mandates

VAN ROMPAY MANAGEMENT

Managing director · since 04 février 2021 · until 16 mai 2022 · 0475.644.151

Represented by LEON VAN ROMPAY

Ended

VAN ROMPAY MANAGEMENT

Managing director · since 04 février 2021 · until 30 juin 2022 · 0475.644.151

Represented by LEON VAN ROMPAY

Ended

CG CUBE

Director · since 13 février 2017 · until 04 février 2021

Represented by GUY DEBRUYNE

Ended

CG CUBE

Director · since 13 février 2017 · until 06 juin 2022

Represented by GUY DEBRUYNE

Ended

At this address

Other companies at this address

Company	CBE no.
ESTETRA● Active	0818.257.356
Mithra Pharmaceuticals● Bankrupt	0466.526.646
MITHRA PHARMACEUTICALS CDMO● Bankrupt	0534.912.933
MITHRA Recherche et Développement● Bankrupt	0534.909.666
UTERON PHARMA PARTICIPATIONS I● Active	0736.403.907

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/07/2023	25/07/2022	26/07/2021	13/07/2020	28/06/2019	04/07/2018
General meeting	30/06/2023	30/06/2022	25/06/2021	30/06/2020	24/06/2019	04/06/2018
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2022	30/06/2023	24/07/2023	French	PDF
Full model	31/12/2021	30/06/2022	25/07/2022	French	PDF
Full model	31/12/2020	25/06/2021	26/07/2021	French	PDF
Full model	31/12/2019	30/06/2020	13/07/2020	French	PDF
Full model	31/12/2018	24/06/2019	28/06/2019	French	PDF
Full model	31/12/2017	04/06/2018	04/07/2018	French	PDF
Full model	31/12/2016	02/06/2017	22/06/2017	French	PDF
Full model	31/12/2015	01/06/2016	22/06/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	18/06/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	18/07/2013	French	PDF
Abridged modelCorrection	31/12/2011	04/06/2012	05/12/2012	French	PDF
Abridged model	31/12/2011	04/06/2012	31/07/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	25/07/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	06/07/2010	French	PDF
Abridged model	31/12/2008	10/06/2009	15/06/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	22/08/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	17/07/2007	French	PDF

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 31/12/2022 · 4 active · 29 ended

Active mandates

David Horn Solomon

Managing director · since 11 avril 2023 · until 13 mai 2025

Active

ALIUS MODI

Director · since 11 août 2022 · until 13 mai 2025 · 0809.631.185

Represented by VALERIE GORDENNE

Active

VAN ROMPAY MANAGEMENT

Managing director · since 04 février 2021 · until 11 avril 2023 · 0475.644.151

Represented by LEON VAN ROMPAY

Active

YIMA

Director · since 13 février 2017 · until 30 juin 2022 · 0871.523.818

Represented by FRANCOIS FORNIERI

Active

Ended mandates

VAN ROMPAY MANAGEMENT

Managing director · since 04 février 2021 · until 16 mai 2022 · 0475.644.151

Represented by LEON VAN ROMPAY

Ended

VAN ROMPAY MANAGEMENT

Managing director · since 04 février 2021 · until 30 juin 2022 · 0475.644.151

Represented by LEON VAN ROMPAY

Ended

CG CUBE

Director · since 13 février 2017 · until 04 février 2021

Represented by GUY DEBRUYNE

Ended

CG CUBE

Director · since 13 février 2017 · until 06 juin 2022

Represented by GUY DEBRUYNE

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates03/04/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates07/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates31/07/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares06/01/2023
CAPITAL, ACTIONS
PDF
Mandates06/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates23/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates25/01/2022
DEMISSIONS, NOMINATIONS
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

2022
Annual accounts 2022-28,1 M €↑
2021
Annual accounts 2021-32,7 M €↓
2020
Annual accounts 2020-30,4 M €↓
2019
Annual accounts 2019-24,9 M €↓
2018
Annual accounts 2018-2,6 M €↓
2017
Annual accounts 20172,3 M €↑
2016
Annual accounts 2016-5,7 M €↓
2015
Annual accounts 20151,6 M €↑
2014
Annual accounts 2014-1,3 M €↓
2013
Annual accounts 20131,3 M €↑
2012
Annual accounts 2012-1,4 M €↓
2011
Annual accounts 2011-976,5 k €↓
2010
Annual accounts 2010-58,7 k €↓
2009
Annual accounts 2009-14,3 k €↓
2008
Annual accounts 2008-13,8 k €↑
2007
Annual accounts 2007-13,9 k €↑
2006
Annual accounts 2006-38,3 k €
03/11/2005
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

NOVALON

Overview

What does NOVALON do?

Trend over 17 financial years

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