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FNORRENOV

Active
Private limited companyfounded 20223 yrs activeRue de la Barre(WSP) 29, 1457 Walhain, BelgiumKBO/BCE: BE 0793.531.561
Summary

FNORRENOV has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,034 and a net result of €8,498. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 83% of 32341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Risk analysisWatch ReportCompare
FNORRENOVActiveChecked score 66/100
Risk analysis ReportCompare

Overview

Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222
1 site
Size
€53,469total assets 2025
Equity
€42,034
Profit
€8,498
Turnover not published (abridged schema)
Financial health
66 Healthy Checked score 2025
Bankruptcy chance 12 m
1.4%
Structure
Accounts 37 d early0 of 1 deed read
Why 66- Size: total assets €53,469- Founded in 2022+ Figures for FY 2025 (filed 24-06-2026)+ Equity €42,034 (78.6% of total assets)Show the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 69% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100+19
equity 78.6% of total assets
Liquidity 49=
short-term debt 21.4% · cash 5.0%
Profitability 89+18
return on assets 15.9%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,133 companies)
Last 24 months 11-2024: 0.4%lowest value 12-2024: 0.4%▲ +11.0% vs 11-2024 01-2025: 0.4%▼ -1.2% vs 12-2024 02-2025: 0.4%▼ -1.8% vs 01-2025 03-2025: 0.4%▲ +2.3% vs 02-2025 04-2025: 0.4%▲ +1.5% vs 03-2025 05-2025: 0.4%▲ +6.9% vs 04-2025 06-2025: 0.4%▲ +0.7% vs 05-2025 07-2025: 0.5%▲ +7.3% vs 06-2025 08-2025: 0.8%▲ +79.4% vs 07-2025 09-2025: 1.0%▲ +23.4% vs 08-2025 10-2025: 1.0%● 0.0% vs 09-2025 11-2025: 1.0%● 0.0% vs 10-2025 12-2025: 1.0%● 0.0% vs 11-2025 01-2026: 1.0%▼ -1.1% vs 12-2025 02-2026: 1.0%▼ -0.5% vs 01-2026 03-2026: 1.0%▲ +1.9% vs 02-2026 04-2026: 1.1%▲ +4.7% vs 03-2026 05-2026: 1.2%▲ +5.6% vs 04-2026 06-2026: 1.1%▼ -0.7% vs 05-2026 07-2026: 1.4%▲ +20.6% vs 06-2026highest value 08-2026: 1.4%● 0.0% vs 07-2026highest value 09-2026: 1.4%● 0.0% vs 08-2026highest value 10-2026: 1.4%● 0.0% vs 09-2026highest value
  • Size: total assets €53,469 raises the probability for this profile
  • Founded in 2022 raises the probability for this profile
  • Figures for FY 2025 (filed 24-06-2026) lowers the probability
  • Equity €42,034 (78.6% of total assets) lowers the probability
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 4.55 against 2.13 in 2024; short-term debt: 21.4% and cash: 5% of total assets), and 21.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 90%, liquidity 41%, profitability 75%, growth against the median 72%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Size: total assets €53,469
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Founded in 2022
In the bankruptcy model this factor raises the probability for this profile.
KBO
lowers risk · Figures for FY 2025 (filed 24-06-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Equity €42,034 (78.6% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
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 24-06-2026, 37 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
37 d early
2024
1 d late
2023
50 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 24 June (3 of the last 3 filed years within 38 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Liquidity doublescurrent ratio 4.55
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Positive: Among the best 17% on solvencysector median 47.2% · 32,341 companies 78.6% View
  • Total assets 20253 fiscal years filed €53,469 View
  • Active since 2022founded 14-11-2022 3 years View

By topic

Financials

Fiscal year
2025
Total assets
€53,469
Profit
€8,498
Solvency
78.6%
Total assets▼ 10.8%
Net result
20232025
Go to Financials

Timeline

Events
5
Since
2024
Next accounts
by 31-07-2027
  1. 24-06-2026Annual accounts filed
  2. 31-12-2025Liquidity doubles
  3. 01-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Installation of electric heating, air conditioning, cooling and…NACE 43222
Founded
14-11-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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