NOORDAM
ActiveNOORDAM has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.55M and a net result of €63k. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 85% of 3102 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+1
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.55 in 2024; short-term debt: 9.7% and cash: 5.7% of total assets), and 22.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
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
77.7%
Return on assets
3.2%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
49 d early
2023
12 d early
2022
67 d early
2021
51 d early
2020
39 d early
2019
35 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.55M▲ 4.3%
2024 · €1.49M
2018: €800k
2019: €862k
2020: €918k
2021: €1.32M
2022: €1.38M
2023: €1.44M
2024: €1.49M
2018 → 2025
Total assets
€2.00M▼ 2.5%
2024 · €2.05M
2018: €2.29M
2019: €2.23M
2020: €2.20M
2021: €1.95M
2022: €1.92M
2023: €1.92M
2024: €2.05M
2018 → 2025
Net result
€63k▲ 33.3%
2024 · €47k
2018: €12k
2019: €63k
2020: €56k
2021: €351k
2022: €56k
2023: €60k
2024: €47k
2018 → 2025
Working capital
€-27k▲ 74.5%
2024 · €-108k
2018: €-974k
2019: €-924k
2020: €-1.28M
2021: €-558k
2022: €-424k
2023: €-342k
2024: €-108k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.32M-€1.38M▲ 4.2%€1.44M▲ 4.3%€1.49M▲ 3.3%€1.55M▲ 4.3%
Operating result€498k-€101k▼ 79.7%€111k▲ 10.1%€96k▼ 13.9%€111k▲ 16.1%
Net result€351k-€56k▼ 84.1%€60k▲ 7.1%€47k▼ 20.7%€63k▲ 33.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 16% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.00M
Fixed assets
€1.83M▼ 4.3%
Current assets
€166k▲ 23.7%
Equity and liabilities €2.00M
Equity
€1.55M▲ 4.3%
Debt
€446k▼ 20.3%
The debt ratio falls from 27.3% to 22.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€194k▲
2024 · €179k
Cash flow
€147k▲
2024 · €131k
Solvency
77.7%▲
2024 · 72.7%
Current ratio
0.86▲
2024 · 0.55
Quick ratio
0.85▲
2024 · 0.55
Debt / equity
0.29▼
2024 · 0.38
ROE
4.1%▲
2024 · 3.2%
ROA
3.2%▲
2024 · 2.3%
Interest coverage
9.59▲
2024 · 6.27
Debt
€446k▼
2024 · €559k
Debt ≤ 1 year
€193k▼
2024 · €241k
Debt > 1 year
€252k▼
2024 · €318k
Income taxes
€30k▲
2024 · €22k
Staff costs
€3k▼
2024 · €4k
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€2.05M€2.00M▼
Fixed assets21/28€1.91M€1.83M▼
Tangible fixed assets22/27€1.91M€1.83M▼
Land and buildings22€1.86M€1.79M▼
Plant, machinery and equipment23€11k€5k▼
Furniture and vehicles24€39k€30k▼
Current assets29/58€134k€166k▲
Stocks and contracts in progress3€952€1k▲
Stocks30/36€952€1k▲
Amounts receivable within one year40/41€39k€43k▲
Trade receivables40€39k€43k▲
Other amounts receivable41€2€2=
Cash at bank and in hand54/58€85k€113k▲
Deferred charges and accrued income490/1€9k€9k▲
Equity and liabilities
Total equity and liabilities10/49€2.05M€2.00M▼
Equity10/15€1.49M€1.55M▲
Contributions10/11€655k€655k=
Reserves13€832k€895k▲
Non-distributable reserves130/1€60k€0▼
Reserves not available under the articles1311€60k€0▼
Distributable reserves133€772k€895k▲
Amounts payable17/49€559k€446k▼
Amounts payable after more than one year17€318k€252k▼
Financial debts170/4€315k€249k▼
Other amounts payable178/9€3k€3k=
Amounts payable within one year42/48€241k€193k▼
Current portion of amounts payable after more than one year42€66k€66k=
Trade debts44€8k€8k▼
Suppliers440/4€8k€8k▼
Taxes, remuneration and social security45€16k€19k▲
Taxes450/3€16k€19k▲
Remuneration and social security454/9€162€0▼
Other amounts payable47/48€151k€100k▼
Accrued charges and deferred income492/3€346€802▲
Income statement
Code20242025
Remuneration, social security and pensions62€4k€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€84k▲
Other operating charges640/8€29k€7k▼
Gross operating margin9900€212k€205k▼
Operating profit (loss)9901€96k€111k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€29k€20k▼
Recurring financial charges65€29k€20k▼
Profit (loss) for the period before taxes9903€70k€93k▲
Income taxes67/77€22k€30k▲
Profit (loss) for the period9904€47k€63k▲
Profit (loss) for the period to be appropriated9905€47k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€63k▲
Transfer to equity691/2€47k€63k▲
To other reserves6921€47k€63k▲
The notes to these accounts (8 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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €351k ▲526%
Operating result €498k, net result €351k, both a record.
31-12
Financial
Equity above €1MEq €1.32M ▲44.2%
4 profitable years in a row build equity to €1.32M.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Ardooie · 2 establishment units since 1999
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.
Oude Zwevezeelsestraat 68851 ArdooieGround area
1.1 ha
Building footprint
531 m²
Volume, LiDAR
1,332 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
NOORDAM
since 19992.099.227.280
Meiboomstraat 59, 8750 Wingene
since 20092.337.628.437
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37005A0009/00N000 | Flanders | 6,119 m² | 1 · 241 m² | 9.0 m · 2 fl. |
| 37019D0211/00B000 | Flanders | 5,299 m² | 1 · 290 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteArdooie2.099.227.280
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Of 3,625 companies in sector 01130 we hold annual accounts for 789. 549 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-11-1999
Fiscal year end31-12
Activities, NACEBEL
01130Growing of vegetables, melons, roots and tubers
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.