NOORDERHUIS

Active

Private limited companyfounded 20197 yrs activeBritselei 80, 2000 Antwerpen, BelgiumKBO/BCE: BE 0728.737.244

The computed 12-month bankruptcy probability of NOORDERHUIS is 2.6% (moderate). The 2025 annual accounts show equity of €903k and a net result of €430k. Equity is growing by ~70.7% per year across the filed fiscal years. Its solvency ranks better than 25% of 252 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

76 / 100

Excellent= vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency25▼-2

Growth78=

Stability100

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €70k at 30 days acceptable

Liquidity tight (current ratio 1.13 against 1.16 in 2024), and 83.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 79

Relative position

BE, all sectors

reference

Sector 79

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

16.1%

Return on assets

7.6%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 252 sector peers (2025).

NBB · sector comparison

Position among 252 sector peers

Solvency

better than 25%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

9 d early

2024

35 d early

2023

34 d early

2022

31 d early

2021

30 d early

2020

30 d early

2019

2 d early

← before the deadline after the deadline →

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 months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Equity

€903k▲ 16.9%

2024 · €773k

2019: €255k 2020: €58k 2021: €121k 2022: €170k 2023: €433k 2024: €773k

2019 → 2025

Total assets

€5.63M▲ 36.7%

2024 · €4.12M

2019: €1.50M 2020: €1.57M 2021: €1.75M 2022: €2.67M 2023: €3.27M 2024: €4.12M

2019 → 2025

Net result

€430k▲ 26.6%

2024 · €340k

2019: €5k 2020: €-197k 2021: €62k 2022: €50k 2023: €263k 2024: €340k

2019 → 2025

Working capital

€635k▲ 19.5%

2024 · €532k

2019: €246k 2020: €431k 2021: €485k 2022: €338k 2023: €351k 2024: €532k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€121k-€170k▲ 41.2%€433k▲ 154%€773k▲ 78.5%€903k▲ 16.9%

Operating result€66k-€73k▲ 9.4%€319k▲ 339%€535k▲ 67.5%€622k▲ 16.2%

Net result€62k-€50k▼ 20.0%€263k▲ 428%€340k▲ 29.4%€430k▲ 26.6%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen four years in a row; 2025 is 16% above 2024 and is the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €5.63M

95.2%

Fixed assets €268k▲ 8.5%

Current assets €5.36M▲ 38.5%

Equity and liabilities €5.63M

16.1%

83.9%

Equity €903k▲ 16.9%

Debt €4.72M▲ 41.3%

The debt ratio rises from 81.2% to 83.9%: debt grows faster than equity.

Key figures and ratios

2025 value · change against 2024

EBITDA

€683k▲

2024 · €582k

Cash flow

€492k▲

2024 · €388k

Solvency

16.1%▼

2024 · 18.8%

Current ratio

1.13▼

2024 · 1.16

Quick ratio

1.13▼

2024 · 1.16

Debt / equity

5.23▲

2024 · 4.33

ROE

47.6%▲

2024 · 44.0%

ROA

7.6%▼

2024 · 8.3%

Interest coverage

11.34▲

2024 · 6.39

Debt

€4.72M▲

2024 · €3.34M

Debt ≤ 1 year

€4.72M▲

2024 · €3.34M

Income taxes

€153k▲

2024 · €123k

Staff costs

€1.02M▲

2024 · €980k

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€4.12M€5.63M▲

Fixed assets21/28€247k€268k▲

Intangible fixed assets21€164k€189k▲

Tangible fixed assets22/27€18k€14k▼

Plant, machinery and equipment23€11k€8k▼

Furniture and vehicles24€8k€6k▼

Financial fixed assets28€65k€65k=

Current assets29/58€3.87M€5.36M▲

Amounts receivable within one year40/41€2.48M€4.91M▲

Trade receivables40€2.47M€4.10M▲

Other amounts receivable41€9k€810k▲

Cash at bank and in hand54/58€1.39M€445k▼

Deferred charges and accrued income490/1€4k€5k▲

Equity and liabilities

Total equity and liabilities10/49€4.12M€5.63M▲

Equity10/15€773k€903k▲

Contributions10/11€250k€250k=

Reserves13€84€84=

Tax-exempt reserves132€84€84=

Profit (loss) carried forward14€523k€653k▲

Amounts payable17/49€3.34M€4.72M▲

Amounts payable within one year42/48€3.34M€4.72M▲

Trade debts44€3.17M€4.25M▲

Suppliers440/4€3.17M€4.25M▲

Advances received on contracts in progress46€10k€7k▼

Taxes, remuneration and social security45€153k€165k▲

Taxes450/3€36k€54k▲

Remuneration and social security454/9€116k€111k▼

Other amounts payable47/48-€300k

Accrued charges and deferred income492/3€6k-

Income statement Code20242025

Remuneration, social security and pensions62€980k€1.02M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€62k▲

Other operating charges640/8€2k€1k▼

Gross operating margin9900€1.56M€1.71M▲

Operating profit (loss)9901€535k€622k▲

Financial income75/76B€19k€22k▲

Recurring financial income75€19k€22k▲

Financial charges65/66B€91k€60k▼

Recurring financial charges65€91k€60k▼

Profit (loss) for the period before taxes9903€463k€584k▲

Income taxes67/77€123k€153k▲

Profit (loss) for the period9904€340k€430k▲

Profit (loss) for the period to be appropriated9905€340k€430k▲

Appropriation of the result

Profit (loss) to be appropriated9906€523k€953k▲

Profit (loss) brought forward from the previous period14P€183k€523k▲

Profit to be distributed694/7-€300k

Return on contributions (dividend)694-€300k

Social balance

Average headcount (FTE)908716.616.2▼

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 14Financial 7Filings 7

Next filing, fiscal year 2026, expected by 31-07-2027

2026

22-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Highest result since 2019net €430k ▲26.6%

Operating result €622k, net result €430k, both a record.

26-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Equity above €500kEq €773k ▲78.5%

4 profitable years in a row build equity to €773k.

27-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Equity above €200kEq €433k ▲154%

3 profitable years in a row build equity to €433k.

30-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Equity above €150kEq €170k ▲41.2%

2 profitable years in a row build equity to €170k.

01-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Back to profitnet €62k

Net result €62k after one loss-making year.

31-12

Financial Equity above €100kEq €121k ▲106%

Equity rises from €58k to €121k.

01-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Weakest financial yearnet €-197k ▼4016%

Net result drops to €-197k, the lowest in the series; recovery starts the following year.

29-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated 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, Antwerpen · 2 establishment units since 2019

establishment All 2 establishment units on the map

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.

Britselei 802000 Antwerpen

Ground area

889 m²

Building footprint

323 m²

Volume, LiDAR

4,668 m³

2 parcels, Flanders · tallest building 25.6 m, ±6 floors. Linked by address, not a title deed.

2 establishment units

NOORDERHUIS

Britselei 80, 2000 AntwerpenTravel agency activities

since 20192.291.404.076

Sint-Annaplein 34, 9000 Gent

Travel agency activities

since 20262.392.186.284

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44804D2114/00Z005 ProtectedTownscape or village viewParochiekerk Sint-Anna met omgevingSource ↗	Flanders	505 m²	1 · 170 m²	21.8 m · 6 fl.
11804D2165/00B022	Flanders	384 m²	1 · 153 m²	25.6 m · 5 fl.