Installatiebedrijf Norman
ActiveSummary
The computed 12-month bankruptcy probability of Installatiebedrijf Norman is 3.4% (moderate). The 2025 annual accounts show negative equity (€-3k) and a net result of €-7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 27786 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
31
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▼-37
Solvency20▼-8
Growth58▼-20
Track record86
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.94 against 0.91 in 2024; short-term debt: 93.6% and cash: 11.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-5.5%
Return on assets
-10.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-3k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
15 d early
2022
28 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address strikeout annulled
Checked, nothing found (1)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-3k
2024 · €3k
2022: €-3k
2023: €-474
2024: €3k
2022 → 2025
Total assets
€64k▼ 36.2%
2024 · €100k
2022: €50k
2023: €105k
2024: €100k
2022 → 2025
Net result
€-7k
2024 · €4k
2022: €-8k
2023: €3k
2024: €4k
2022 → 2025
Working capital
€-4k▲ 45.4%
2024 · €-7k
2022: €-5k
2023: €-22k
2024: €-7k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€-3k-€-474▲ 85.3%€3k€-3k
Operating result€-7k-€8k€7k▼ 14.6%€-3k
Net result€-8k-€3k€4k▲ 42.8%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €7k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64k
Fixed assets
€8k ▼ 67.9%
Current assets
€56k ▼ 25.8%
Key figures and ratios
EBITDA
€12k▼
2024 · €21k
Cash flow
€8k▼
2024 · €19k
Solvency
-5.5%▼
2024 · 3.4%
Current ratio
0.94▲
2024 · 0.91
Debt to equity
-19.30▼
2024 · 28.08
ROA
-10.9%▼
2024 · 3.9%
Interest coverage
3.79▼
2024 · 9.90
Debt
€67k▼
2024 · €97k
Debt ≤ 1 year
€60k▼
2024 · €82k
Debt > 1 year
€8k▼
2024 · €14k
Income taxes
€460▼
2024 · €491
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€100k€64k▼
Fixed assets21/28€25k€8k▼
Tangible fixed assets22/27€23k€8k▼
Plant, machinery and equipment23€9k€3k▼
Furniture and vehicles24€14k€5k▼
Financial fixed assets28€2k-
Current assets29/58€75k€56k▼
Amounts receivable within one year40/41€70k€49k▼
Trade receivables40€65k€45k▼
Other amounts receivable41€4k€4k▼
Cash at bank and in hand54/58€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€100k€64k▼
Equity10/15€3k€-3k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-2k€-8k▼
Amounts payable17/49€97k€67k▼
Amounts payable after more than one year17€14k€8k▼
Financial debts170/4€14k€8k▼
Amounts payable within one year42/48€82k€60k▼
Current portion of amounts payable after more than one year42€6k€7k▲
Trade debts44€42k€25k▼
Suppliers440/4€42k€25k▼
Taxes, remuneration and social security45€12k€5k▼
Taxes450/3€10k€3k▼
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€22k€23k▲
Income statement
Code20242025
Remuneration, social security and pensions62€220-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€24k€14k▼
Operating profit (loss)9901€7k€-3k▼
Financial income75/76B€36€1▼
Recurring financial income75€36€1▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€4k€-6k▼
Income taxes67/77€491€460▼
Profit (loss) for the period9904€4k€-7k▼
Profit (loss) for the period to be appropriated9905€4k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-8k▼
Profit (loss) brought forward from the previous period14P€-5k€-2k▲
The notes to these accounts (6 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
20-06
KBO administration
Address strikeout annulled
2024
31-12
Financial
Highest result since 2022net €4k ▲42.8%
Net result €4k, the highest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Wervik · 1 establishment unit since 2021
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.
Ten Brielenlaan 368940 WervikGround area
972 m²
Building footprint
427 m²
Volume, LiDAR
2,925 m³
2 parcels, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Installatiebedrijf Norman
since 20212.318.589.614
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029D0565/00P007 | Flanders | 568 m² | 1 · 312 m² | 11.3 m · 3 fl. |
| 33009C1037/00D004 | Flanders | 404 m² | 1 · 115 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Stappaerts Elektro
BE 0776.573.585
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G.V.M.
BE 0819.873.593
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IT HOP
BE 1022.277.456
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 2,828 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.