Staff
1.8 FTE from 8.2 in 2011
Between 2011 and 2025, 78% of the full-time equivalents disappeared.
NOOR R&K
Lifetime
14 annual accounts with figures on one time axispeak €100,873 (2014)
€46,784▼ 31.5%
lowest -€44,777 (2016)
-€11,847▼ €21,944
peak €95,813 (2024)
€83,967▼ 12.4%
€48,424▲ 49.4%
peak 8.2 FTE (2011)
-not published
Board1 name since 2024
1 directorAOUAD Rachid
Documentsfilings and deeds
19-10-202680 days late
2025micro format
Gross margin from €68,333 to €46,784Loss of €11,847Equity from €95,813 to €83,967Debts from €32,411 to €48,424
Key points
from the 2025 annual accountsFilings
14 annual accounts 80 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€11,847
Lower net result than 84% of companies in retail trade. Sector median €5,059 · 22,852 companies.
Checked score
84
Excellent
Financially stronger than 51% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,276 companies (NACE 47, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.1%▼ -0.1 percentage points vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.4%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 0.4%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 80 days late; 3 of the last 3 accounts late
Loss of €11,847 (financial year 2025)
lowers risk
Liquidity: current ratio 2.56, cash €113,250
Equity €83,967 (63.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 76% of them on solvency, 87% on liquidity, 16% on profitability and 24% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as NOOR R&K has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NOOR R&K itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for NOOR R&K. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.56 (3.68 in 2024), above the usual 1.5. Short-term debt is 36.6% and cash 85.5% of total assets. 36.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 80 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-10-2026, 80 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
80 days late
2024
60 days late
2023
61 days late
2022
61 days late
2021
61 days late
2020
143 days late
2019
108 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 82 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0826474939
Company renamed from RAZZOK to NOOR R&K
Resignation: AOUAD Rachid (manager) · Reappointment: AOUAD Rachid (director) · “De artisanale of industriële fabricatie,de aankoop en verkoop in het groot of in het klein van alle producten…” (deed in Dutch) · General meeting of 27-12-2023 · Gazette deed
First establishment
NOOR, Handelstraat 26, Antwerp
Incorporation
published on 10-06-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NOOR R&K Antwerp | €132,391 | €46,784 | 63.4% | - |
| Broodjescarrousel Westerlo | €112,481 | €47,285 | -1.4% | - |
| BAKKERIJ SCHUERMANS Hamont-Achel | €133,461 | €52,925 | 62.8% | - |
| SANICON Vosselaar | €150,390 | €41,992 | 52.5% | - |
| ITechie Aartselaar | €153,936 | €42,091 | 59.8% | - |
| BAKKERIJ JONAS Ghent | €167,755 | €57,457 | 14.2% | - |
| Fre en Bo Oud-Heverlee | €152,671 | €62,814 | 72.6% | - |
These companies have the same main activity as NOOR R&K: retail sale of bread and pastry (bakery outlets) (NACE 47241). They are comparable in size and age: total assets between €112,000 and €168,000, founded between 2004 and 2013.
Official details
Source: KBO- Status
- Active since 08-06-2010Normal situation
- Activity
- Retail sale of bread and pastry (bakery outlets)NACE 47241and 3 others
- Joint committee
- 201Independent retail · annual accounts 2025
- Establishment unit
- 2.190.283.0612060 Antwerp, since 01-07-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Annual accounts 2025
- ≈ €450,000estimated
- €132,391▲ 3.2%
- Employeeson 31-12-2025
- 2▼ 33.3%
- Filing
- Filed on 19-10-2026
Insights on NOOR R&K
NOOR R&K files the micro format. That format states no turnover. The gross margin rose from €9,261 in 2011 to €46,784 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NOOR R&K
- What is the company number of NOOR R&K?
- The company number of NOOR R&K is 0826.474.939. The VAT number is the same number with BE in front: BE 0826.474.939.
- Where is NOOR R&K based?
- The registered office is at Handelstraat 26, 2060 Antwerp.Company details
- What does NOOR R&K do?
- According to the KBO register, the main activity is retail sale of bread and pastry (bakery outlets) (NACE 47241).
- What is the legal form of NOOR R&K?
- NOOR R&K is a private limited company (BV).
- When was NOOR R&K founded?
- NOOR R&K was founded on 08-06-2010.
- Is NOOR R&K still active?
- Yes, NOOR R&K is an active enterprise in the KBO register.
- How many employees does NOOR R&K have?
- NOOR R&K had an average of 1.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does NOOR R&K fall under?
- In its 2025 annual accounts, NOOR R&K states joint committee 201 (Independent retail).
- What is the turnover of NOOR R&K?
- The turnover in financial year 2025 is ≈ €450,000. This figure is estimated from the gross margin of €46,784 and 48 comparable companies (NACE 472). It probably lies between €250,000 and €780,000.
- Is NOOR R&K profitable?
- In financial year 2025, NOOR R&K made a loss of €11,847.
- Where can I find the annual accounts of NOOR R&K?
- NOOR R&K filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NOOR R&K due?
- NOOR R&K must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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