Equity
-€26,766
Debts exceed assets in financial year 2025.
NOR
Lifetime
1 annual account with figurespeak €12,891 (2025)
€12,891
lowest -€27,766 (2025)
-€27,766
peak -€26,766 (2025)
-€26,766
€205,271
Board1 name since 2025
1 directorSLSD
Owners
100%SLSD
Documentsfilings and deeds
09-10-202670 days late
2025abbreviated format
Loss of €27,766Incorporation 17-061 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsTurnover
≈ €380,000 estimated
The abbreviated format states no turnover.
Debts
€205,271 115% of the balance sheet
Suppliers 75%Taxes and wages 9%Other 16%
Of this, €198,828 falls due within a year.
Starting capital
€1,000 100 shares
Board
1 joined
New director. Latest change 16-12-2025 · 1 in office.
Position in the sector
-€26,766
Less equity than 90% of companies in retail trade. Sector median €235,781 · 12,866 companies.
2025 accounts filed 70 days after the deadline
Checked score
48
Fair
Financially stronger than 13% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2026: 1.8%lowest value
08-2026: 1.9%▲ +0.1 percentage points vs 07-2026
09-2026: 1.9%● unchanged vs 08-2026
10-2026: 3.1%▲ +1.2 percentage points vs 09-2026
11-2026: 3.2%▲ +0.1 percentage points vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 70 days late; 1 of the last 3 accounts late
Negative equity -€26,766
Sector: Retail trade (NACE 47)
Founded in 2025
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 15% of them on solvency, 17% on liquidity and 6% on profitability.
The bankruptcy probability was computed on 10-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 1,322 companies had the same profile as NOR has now. Each dot stands for 4 companies, two years later.
90.2%
were still trading
5.5%
stopped another way
4.2%
went bankrupt
That fits the bankruptcy probability of NOR itself: 3.2% 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 1,322 companies, not a prediction for NOR. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.68, below 1. Short-term debt is 111.4% and cash 14.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · 2025 accounts filed 70 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-10-2026, 70 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 · 1 filingDeviation from the deadline
2025
70 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
1 director appointed, 1 resignation
Resignation: SLSD BV · Permanent representatives: Yasim Sanchill and Yassine Ahmed Sarchya · Appointment: SLSD BV · General meeting of 16-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1024316337
Incorporation
Founding capital of €1,000, 100 shares · Founder: SLSD · Appointment: SLSD (director) · published on 17-06-2025 · Gazette deed
First establishment
Afrikalaan 200, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NOR Ghent | €178,505 | €12,891 | -15.0% | - |
| AFROASIA FOODS Namur | €192,470 | €15,000 | 20.8% | - |
| KEFERZI EXPRESS Uccle | €211,957 | €12,236 | -19.2% | - |
| STIGAL Wemmel | €212,708 | €21,126 | 6.1% | - |
| HOVO TRADING Uccle | €103,525 | €15,476 | 18.8% | - |
| Molen Market Wetteren | €104,969 | €23,068 | 12.5% | - |
| BossDrinks Evergem | €214,338 | €31,981 | 0.8% | - |
These companies have the same main activity as NOR: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €104,000 and €214,000, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 14-06-2025Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Establishment unit
- 2.376.543.5509000 Ghent, since 14-06-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2025
Insights on NOR
The computed 12-month bankruptcy probability of NOR is 3.2% (moderate). The 2025 annual accounts show negative equity (-€26,766) and a net result of -€27,766.
Its solvency ranks better than 10% of 12,856 sector peers (NACE 47, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
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 NOR
- What is the company number of NOR?
- The company number of NOR is 1024.316.337. The VAT number is the same number with BE in front: BE 1024.316.337.
- Where is NOR based?
- The registered office is at Afrikalaan 200, 9000 Ghent.Company details
- What does NOR do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of NOR?
- NOR is a private limited company (BV).
- When was NOR founded?
- NOR was founded on 14-06-2025.
- Is NOR still active?
- Yes, NOR is an active enterprise in the KBO register.
- What is the turnover of NOR?
- The turnover in financial year 2025 is ≈ €380,000. This figure is estimated from the gross margin of €12,891 and 46 comparable companies (NACE 47110). It probably lies between €120,000 and €720,000. It is a rough estimate.Financials
- Is NOR profitable?
- In financial year 2025, NOR made a loss of €27,766.
- Where can I find the annual accounts of NOR?
- NOR filed 1 annual account with the National Bank of Belgium, for financial year 2025.
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