NOR CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of NOR CONSTRUCT is 3.3% (moderate). The 2025 annual accounts show equity of €176 and a net result of €176. Its solvency ranks better than 10% of 34,718 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €176
- Profit
- €176
Why 48raises riskFounded in 2024Sector: Specialised construction activities (NACE 43)Liquidity: current ratio 1.02, cash €53Equity €176 (2.1% of total assets)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 9% on solvency, 2% on liquidity and 21% on profitability.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: EL BOUJDAINI Noredin (director)…
Financials · financial year 2025, micro format
2025 annual accounts filed late (23 days) Filed on 23 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00437110.
Peer companies
Historical observationOf the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92.0% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,135 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2025 |
|---|---|
| Turnover70 | €56,218 |
| Goods, raw materials, services and sundry goods60/61 | €54,896 |
| Remuneration, social security and pensions62 | €90 |
| Other operating charges640/8 | €1,052 |
| Gross operating margin9900 | €1,322 |
| Operating profit (loss)9901 | €181 |
| Financial charges65/66B | €5 |
| Recurring financial charges65 | €5 |
| Profit (loss) for the period before taxes9903 | €176 |
| Profit (loss) for the period9904 | €176 |
| Profit (loss) for the period to be appropriated9905 | €176 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €8,440 | |
| Current assets29/58 | €8,440 | |
| Stocks and contracts in progress3 | €2,402 | |
| Stocks30/36 | €2,402 | |
| Amounts receivable within one year40/41 | €5,985 | |
| Other amounts receivable41 | €5,985 | |
| Cash at bank and in hand54/58 | €53 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €8,440 | |
| Equity10/15 | €176 | |
| Profit (loss) carried forward14 | €176 | |
| Amounts payable17/49 | €8,265 | |
| Amounts payable within one year42/48 | €8,265 | |
| Taxes, remuneration and social security45 | €8,265 | |
| Taxes450/3 | €3,726 | |
| Remuneration and social security454/9 | €4,539 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €176 |
| Operating cash flow (approximation) | €176 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 23-08-2026 | 2026-00437110 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| EL BOUJDAINI Noredin |
|
Owners and capital
Capital and shareholders
- EL BOUJDAINI Noredin 100 shares (100%) · €500 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 19-09-2024 Incorporation · €500 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
19-09
Gazette deed
IncorporationAppointment: EL BOUJDAINI Noredin (director) · Permanent representative: EL BOUJDAINI Noredin · Founder8 facts ▸
- Incorporation, 13-09-2024
- Founder, EL BOUJDAINI Noredin (comparant fondateur)
- Founding capital, €500
- Registered office clause, “1000 Bruxelles,Rue du Miroir 9 boite 5.1” (deed in French)
- Board rule, 1
- Director appointment, EL BOUJDAINI Noredin (director (not named in the articles))
- Permanent representative, EL BOUJDAINI Noredin
- Pre-incorporation commitments, “takeover, engagements,obligations,activités entreprises au nom et pour compte de la société en formation” (deed in French)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1013.677.120
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21809K1420/00G000 | Brussels | 4,945 m² | 1 · 1,311 m² | 28.5 m · 7 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La peinture,la maçonnerie,l’électricité,la toiture,serrurerie,la menuiserie,le plafonnage,le cimentage,la plomberie,la charpenterie,la…” (deed in French)
3 activities (deed in French)
- La peinture,la maçonnerie,l’électricité,la toiture,serrurerie,la menuiserie,le plafonnage,le cimentage,la plomberie,la charpenterie,la menuiserie charpenterie
- La promotion immobilière,les transactions immobilières,les financements des projets
- L’installation d’appareils électriques,électroniques ainsi que de satellites
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- NOR CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, pour autant que cette décision n’entraîne pas de changement en matière de régime linguistique applicable à la…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation, organe d'administration” (deed in French)“Remuneration, frais generaux plus frais representation voyages deplacements” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Si non entièrement exercé,actions restantes offertes par priorité aux actionnaires ayant déjà exercé la totalité de leur droit,jusqu’à…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 13:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Decision assemblee generale formes modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Designer un ou plusieurs et determiner pouvoirs emoluments, administrateurs en fonction designes par statuts si aucun autre designe” (deed in French)