NJORD
ActiveNJORD has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €674k and a net result of €103k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 49% of 3616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
81
/ 100
Excellent▲ +30 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+53
Solvency45▲+9
Growth52=
Stability100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.95 in 2024), and 71.5% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
28.5%
Return on assets
4.4%
Age of the figures
11 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-04-2026, 21 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
21 d early
2024
on the day
2023
20 d early
2022
2 d early
2021
1 d early
2020
32 d early
2019
8 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€674k▲ 18.1%
2024 · €571k
2018: €255k
2019: €561k
2020: €512k
2021: €702k
2022: €507k
2023: €543k
2024: €571k
2018 → 2025
Total assets
€2.36M▲ 4.1%
2024 · €2.27M
2018: €2.09M
2019: €2.44M
2020: €2.40M
2021: €2.39M
2022: €2.33M
2023: €2.11M
2024: €2.27M
2018 → 2025
Net result
€103k▲ 279%
2024 · €27k
2018: €347k
2019: €756k
2020: €-49k
2021: €288k
2022: €164k
2023: €237k
2024: €27k
2018 → 2025
Working capital
€25k
2024 · €-57k
2018: €-422k
2019: €-240k
2020: €-217k
2021: €75k
2022: €-98k
2023: €-102k
2024: €-57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€702k-€507k▼ 27.9%€543k▲ 7.2%€571k▲ 5.0%€674k▲ 18.1%
Operating result€304k-€195k▼ 35.8%€327k▲ 67.3%€54k▼ 83.6%€154k▲ 188%
Net result€288k-€164k▼ 43.0%€237k▲ 43.9%€27k▼ 88.5%€103k▲ 279%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 188% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.36M
Fixed assets
€1.02M▼ 7.0%
Current assets
€1.35M▲ 14.5%
Equity and liabilities €2.36M
Equity
€674k▲ 18.1%
Debt
€1.69M▼ 0.6%
The debt ratio falls from 74.9% to 71.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€252k▲
2024 · €150k
Cash flow
€201k▲
2024 · €123k
Solvency
28.5%▲
2024 · 25.1%
Current ratio
1.02▲
2024 · 0.95
Quick ratio
0.92▲
2024 · 0.86
Debt / equity
2.51▼
2024 · 2.98
ROE
15.4%▲
2024 · 4.8%
ROA
4.4%▲
2024 · 1.2%
Interest coverage
8.30▲
2024 · 5.58
Debt
€1.69M▼
2024 · €1.70M
Debt ≤ 1 year
€1.32M▲
2024 · €1.23M
Debt > 1 year
€367k▼
2024 · €439k
Income taxes
€41k▲
2024 · €15k
Staff costs
€626k▲
2024 · €616k
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€2.27M€2.36M▲
Fixed assets21/28€1.09M€1.02M▼
Intangible fixed assets21€322-
Tangible fixed assets22/27€1.08M€1.00M▼
Land and buildings22€875k€842k▼
Plant, machinery and equipment23€193k€148k▼
Furniture and vehicles24€11k€13k▲
Financial fixed assets28€15k€15k=
Current assets29/58€1.18M€1.35M▲
Stocks and contracts in progress3€118k€133k▲
Stocks30/36€118k€133k▲
Amounts receivable within one year40/41€681k€949k▲
Trade receivables40€69k€138k▲
Other amounts receivable41€612k€810k▲
Cash at bank and in hand54/58€361k€250k▼
Deferred charges and accrued income490/1€17k€16k▼
Equity and liabilities
Total equity and liabilities10/49€2.27M€2.36M▲
Equity10/15€571k€674k▲
Contributions10/11€20k€20k=
Reserves13€551k€654k▲
Distributable reserves133€551k€654k▲
Amounts payable17/49€1.70M€1.69M▼
Amounts payable after more than one year17€439k€367k▼
Financial debts170/4€439k€367k▼
Amounts payable within one year42/48€1.23M€1.32M▲
Current portion of amounts payable after more than one year42€157k€121k▼
Financial debts43€46k€108k▲
Credit institutions430/8€46k€108k▲
Trade debts44€457k€475k▲
Suppliers440/4€457k€475k▲
Taxes, remuneration and social security45€80k€101k▲
Taxes450/3€20€8k▲
Remuneration and social security454/9€80k€93k▲
Other amounts payable47/48€493k€516k▲
Accrued charges and deferred income492/3€28k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€616k€626k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€98k▲
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A€18k€632▼
Gross operating margin9900€789k€883k▲
Operating profit (loss)9901€54k€154k▲
Financial income75/76B€16k€21k▲
Recurring financial income75€16k€21k▲
Financial charges65/66B€27k€30k▲
Recurring financial charges65€27k€30k▲
Profit (loss) for the period before taxes9903€43k€145k▲
Income taxes67/77€15k€41k▲
Profit (loss) for the period9904€27k€103k▲
Profit (loss) for the period to be appropriated9905€27k€103k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€103k▲
Transfer to equity691/2€27k€103k▲
To other reserves6921€27k€103k▲
Social balance
Average headcount (FTE)908712.012.3▲
The notes to these accounts (18 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
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €288k
Net result €288k after one loss-making year.
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €-49k ▼106%
Net result drops to €-49k, the lowest in the series; recovery starts the following year.
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Highest result since 2018net €756k ▲118%
Operating result €910k, net result €756k, both a record.
30-09
Financial
Equity above €500kEq €561k ▲120%
2 profitable years in a row build equity to €561k.
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brugge · 1 establishment unit since 2018
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.
Ter Doeststraat 48380 BruggeGround area
1.5 ha
Building footprint
2,658 m²
Volume, LiDAR
8,608 m³
2 parcels, Flanders · tallest building 14.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NJORD
since 20182.273.632.884
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31812V0011/00L000 | Flanders | 1.2 ha | 1 · 1,892 m² | 14.0 m |
| 31016C0032/00L000 | Flanders | 3,234 m² | 1 · 766 m² | 13.2 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.273.632.884
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Of 20,232 companies in sector 56111 we hold annual accounts for 11,312. 5,380 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-01-2018
Fiscal year end30-09
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.