NOORDERWAL
ActiveSummary
NOORDERWAL has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.10M and a net result of €6.16M. Equity remains stable across the filed fiscal years (±0% per year). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+31
Solvency100=
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €700k at 30 days acceptable
Liquidity short (current ratio 0.11; short-term debt: 0.5% and cash: 0% of total assets), and 0.5% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
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
99.5%
Return on assets
55.1%
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 13-07-2026, 18 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
18 d early
2024
27 d late
2023
1 d early
2022
29 d late
2021
8 d late
2020
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€11.10M▼ 46.5%
2024 · €20.76M
Total assets
€11.16M▼ 46.2%
2024 · €20.76M
Net result
€6.16M
2024 · €-5k
Working capital
€-51k
2022 · €566k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-5k▼ 8.1%€-7k▼ 50.4%€-6k▲ 7.7%€-4k▲ 34.9%€-13k▼ 211%
Net result€1.64M€2.43M▲ 47.8%€-7k€-5k▲ 31.2%€6.16M
Equity€18.35M▲ 9.8%€20.77M▲ 13.2%€20.77M=€20.76M=€11.10M▼ 46.5%
Total assets€21.34M▲ 27.7%€20.77M▼ 2.7%€20.77M=€20.76M=€11.16M▼ 46.2%
Debt€3.00M▲ 76,755%€112▼ 100.0%€58k
Working capital€538k€566k▲ 5.2%€-51k
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2025 against €4k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.16M
Fixed assets
€11.16M ▼ 44.8%
Current assets
€7k ▼ 98.8%
Equity and liabilities €11.16M
Equity
€11.10M
Debt
€58k
Debt finances 0.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€-13k▼
2024 · €-3k
Cash flow
€6.16M▲
2024 · €-4k
Current ratio
0.11
Debt to equity
0.01
ROE
55.4%▲
2024 · 0.0%
ROA
55.1%▲
2024 · 0.0%
Interest coverage
-21.99▼
2024 · -5.67
Debt ≤ 1 year
€58k
Income taxes
€13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €1k | €0 | ▼ 100% |
| Other operating charges640/8 | €270 | €1k | €1k | €1k | €1k | ▲ 2.7% |
| Gross operating margin9900 | €-2k | €-3k | €-3k | €-2k | €-11k | ▼ 537% |
| Operating profit (loss)9901 | €-5k | €-7k | €-6k | €-4k | €-13k | ▼ 211% |
| Financial income75/76B | €1.66M | €2.54M | - | - | €6.18M | - |
| Recurring financial income75 | €1.66M | €2.54M | - | - | €212k | - |
| Non-recurring financial income76B | - | - | - | - | €5.97M | - |
| Financial charges65/66B | €10k | €110k | €449 | €540 | €581 | ▲ 7.6% |
| Recurring financial charges65 | €10k | €110k | €449 | €540 | €581 | ▲ 7.6% |
| Profit (loss) for the period before taxes9903 | €1.64M | €2.43M | €-7k | €-5k | €6.17M | ▲ 132,973% |
| Income taxes67/77 | - | - | - | - | €13k | - |
| Profit (loss) for the period9904 | €1.64M | €2.43M | €-7k | €-5k | €6.16M | ▲ 132,695% |
| Profit (loss) for the period to be appropriated9905 | €1.64M | €2.43M | €-7k | €-5k | €6.16M | ▲ 132,695% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21.34M | €20.77M | €20.77M | €20.76M | €11.16M | ▼ 46.2% |
| Formation expenses20 | €6k | €4k | €1k | - | - | - |
| Fixed assets21/28 | €20.20M | €20.20M | €20.20M | €20.20M | €11.16M | ▼ 44.8% |
| Financial fixed assets28 | €20.20M | €20.20M | €20.20M | €20.20M | €11.16M | ▼ 44.8% |
| Current assets29/58 | €1.13M | €566k | €562k | €558k | €7k | ▼ 98.8% |
| Amounts receivable within one year40/41 | €1.10M | €532k | €532k | €557k | €6k | ▼ 98.9% |
| Other amounts receivable41 | €1.10M | €532k | €532k | €557k | €6k | ▼ 98.9% |
| Current investments50/53 | - | - | - | - | €13 | - |
| Cash at bank and in hand54/58 | €36k | €34k | €29k | €769 | €175 | ▼ 77.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21.34M | €20.77M | €20.77M | €20.76M | €11.16M | ▼ 46.2% |
| Equity10/15 | €18.35M | €20.77M | €20.77M | €20.76M | €11.10M | ▼ 46.5% |
| Contributions10/11 | €16.71M | €16.71M | €16.71M | €16.71M | €9.21M | ▼ 44.9% |
| Reserves13 | €1.64M | €4.07M | €4.06M | €4.05M | €1.90M | ▼ 53.2% |
| Non-distributable reserves130/1 | - | - | - | - | €13 | - |
| Own shares acquired1312 | - | - | - | - | €13 | - |
| Distributable reserves133 | €1.64M | €4.07M | €4.06M | €4.05M | €1.90M | ▼ 53.2% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €3.00M | €112 | - | - | €58k | - |
| Amounts payable after more than one year17 | €2.40M | - | - | - | - | - |
| Other amounts payable178/9 | €2.40M | - | - | - | - | - |
| Amounts payable within one year42/48 | €595k | €112 | - | - | €58k | - |
| Financial debts43 | €494k | - | - | - | - | - |
| Other loans439 | €494k | - | - | - | - | - |
| Trade debts44 | - | €112 | - | - | €2k | - |
| Suppliers440/4 | - | €112 | - | - | €2k | - |
| Other amounts payable47/48 | €101k | - | - | - | €56k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.64M | €2.43M | €-7k | €-5k | €6.16M | ▲ 132,695% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €1k | €0 | ▼ 100% |
| Operating cash flow (approximation) | €1.64M | €2.43M | €-4k | €-4k | €6.16M | ▲ 171,174% |
| Investment in fixed assets (approximation) | - | €-3k | €-3k | €-1k | €9.05M | ▲ 866,762% |
| Change in cash | - | €-1k | €-5k | €-29k | €-594 | ▲ 97.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €6.16M
Net result €6.16M after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Liquidity times 2652current ratio 5049.21
Current ratio from 1.90 to 5049.21; short-term debt falls from €595k to €112.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2021
31-12
Financial
Back to profitnet €1.64M
Net result €1.64M after one loss-making year.
31-12
Financial
Liquidity times 1289current ratio 1.90
Current ratio from 0.00 to 1.90.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Nazareth-De Pinte · 1 establishment unit since 2019
Ground area
3,072 m²
Building footprint
1,625 m²
Volume, LiDAR
9,028 m³
Parcel 44048G0437/00R000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
40
companies at this address
See who is registered here
1 establishment unit
NOORDERWAL
since 20192.291.008.158
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048G0437/00R000 | Flanders | 3,072 m² | 1 · 1,625 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded17-06-2019
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.