AMNorman
ActiveAMNorman has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.38M and a net result of €826k. Equity is growing by ~21.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▼-6
Solvency58▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.18 in 2024; short-term debt: 58.6% and cash: 17.6% of total assets), and 66.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.2%
Return on assets
19.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
64 d early
2023
65 d early
2022
68 d early
2021
76 d early
2020
92 d early
2019
81 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.38M▲ 14.7%
2024 · €1.21M
2018: €201k
2019: €289k
2020: €294k
2021: €706k
2022: €935k
2023: €1.02M
2024: €1.21M
2018 → 2025
Total assets
€4.17M▼ 0.9%
2024 · €4.21M
2018: €574k
2019: €793k
2020: €970k
2021: €1.64M
2022: €2.36M
2023: €3.46M
2024: €4.21M
2018 → 2025
Net result
€826k▼ 20.3%
2024 · €1.04M
2018: €103k
2019: €218k
2020: €226k
2021: €412k
2022: €728k
2023: €885k
2024: €1.04M
2018 → 2025
Working capital
€571k▲ 28.1%
2024 · €446k
2018: €105k
2019: €196k
2020: €174k
2021: €319k
2022: €464k
2023: €407k
2024: €446k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€706k-€935k▲ 32.3%€1.02M▲ 9.1%€1.21M▲ 18.3%€1.38M▲ 14.7%
Operating result€428k-€1.04M▲ 144%€1.14M▲ 8.8%€1.38M▲ 21.4%€1.05M▼ 24.2%
Net result€412k-€728k▲ 76.7%€885k▲ 21.5%€1.04M▲ 17.2%€826k▼ 20.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.17M
Fixed assets
€1.15M▼ 5.2%
Current assets
€3.02M▲ 0.9%
Equity and liabilities €4.17M
Equity
€1.38M▲ 14.7%
Debt
€2.79M▼ 7.1%
The debt ratio falls from 71.3% to 66.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.19M▼
2024 · €1.44M
Cash flow
€967k▼
2024 · €1.10M
Solvency
33.2%▲
2024 · 28.7%
Current ratio
1.23▲
2024 · 1.18
Quick ratio
1.23▲
2024 · 1.18
Debt / equity
2.02▼
2024 · 2.49
ROE
59.7%▼
2024 · 86.0%
ROA
19.8%▼
2024 · 24.6%
Interest coverage
12.34▼
2024 · 16.43
Debt
€2.79M▼
2024 · €3.00M
Debt ≤ 1 year
€2.45M▼
2024 · €2.54M
Debt > 1 year
€321k▼
2024 · €453k
Income taxes
€289k▼
2024 · €380k
Staff costs
€3.67M▲
2024 · €3.33M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.21M€4.17M▼
Fixed assets21/28€1.22M€1.15M▼
Intangible fixed assets21€417k€371k▼
Tangible fixed assets22/27€121k€104k▼
Plant, machinery and equipment23€37k€35k▼
Furniture and vehicles24€84k€70k▼
Financial fixed assets28€680k€679k▼
Current assets29/58€2.99M€3.02M▲
Amounts receivable within one year40/41€1.32M€1.49M▲
Trade receivables40€1.32M€1.43M▲
Other amounts receivable41-€66k
Current investments50/53€743k€743k=
Cash at bank and in hand54/58€868k€735k▼
Deferred charges and accrued income490/1€59k€46k▼
Equity and liabilities
Total equity and liabilities10/49€4.21M€4.17M▼
Equity10/15€1.21M€1.38M▲
Contributions10/11€74k€74k=
Reserves13€751k€751k=
Non-distributable reserves130/1€743k€743k=
Own shares acquired1312€743k€743k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€381k€558k▲
Amounts payable17/49€3.00M€2.79M▼
Amounts payable after more than one year17€453k€321k▼
Financial debts170/4€453k€321k▼
Amounts payable within one year42/48€2.54M€2.45M▼
Current portion of amounts payable after more than one year42€129k€132k▲
Financial debts43€461k€501k▲
Credit institutions430/8€361k€401k▲
Other loans439€100k€100k=
Trade debts44€279k€388k▲
Suppliers440/4€279k€388k▲
Taxes, remuneration and social security45€825k€775k▼
Taxes450/3€365k€284k▼
Remuneration and social security454/9€460k€491k▲
Other amounts payable47/48€849k€649k▼
Accrued charges and deferred income492/3€5k€22k▲
Income statement
Code20242025
Non-recurring operating income76A€29k€7k▼
Remuneration, social security and pensions62€3.33M€3.67M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€141k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-3k-
Other operating charges640/8€23k€50k▲
Non-recurring operating charges66A€997€684▼
Gross operating margin9900€4.79M€4.91M▲
Operating profit (loss)9901€1.38M€1.05M▼
Financial income75/76B€126k€166k▲
Recurring financial income75€126k€166k▲
Financial charges65/66B€88k€96k▲
Recurring financial charges65€88k€96k▲
Profit (loss) for the period before taxes9903€1.42M€1.12M▼
Income taxes67/77€380k€289k▼
Profit (loss) for the period9904€1.04M€826k▼
Profit (loss) for the period to be appropriated9905€1.04M€826k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.23M€1.21M▼
Profit (loss) brought forward from the previous period14P€194k€381k▲
Profit to be distributed694/7€850k€649k▼
Return on contributions (dividend)694€850k€625k▼
Employees696-€24k
Social balance
Average headcount (FTE)908748.652.2▲
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.04M ▲17.2%
Operating result €1.38M, net result €1.04M, both a record.
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.02M ▲9.1%
6 profitable years in a row build equity to €1.02M.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €706k ▲140%
4 profitable years in a row build equity to €706k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kortrijksesteenweg 11219051 GentGround area
1,996 m²
Building footprint
444 m²
Parcel 44062B0076/00H004, Flanders. Linked by address, not a title deed.
1 establishment unit
AMNorman
since 20102.197.621.211
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062B0076/00H004 | Flanders | 1,996 m² | 1 · 444 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 66,748 EUR awarded · 27,763 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 55,633 EUR | 16,804 EUR |
| 2024 | 1 | 2,750 EUR | 2,550 EUR |
| 2023 | 2 | 6,437 EUR | 6,481 EUR |
| 2022 | 1 | 1,928 EUR | 1,928 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 24,290 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-2010
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.