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NOR HOUSE

Active
Private limited companyfounded 20242 yrs activeSint Michielswarande 30, 1040 Etterbeek, BelgiumKBO/BCE: BE 1010.999.722
Summary

NOR HOUSE has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,076 and a net result of €18,076. Its solvency ranks better than 23% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes
Profitability80
Solvency45
Growth-
Track record67
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.25; short-term debt: 80.2% and cash: 8.4% of total assets), and 80.2% of the assets are financed with debt.
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Signals

Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · 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
19.8%
Return on assets
17%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 32023 sector peers (2025).
NBB · sector comparison
Position among 32023 sector peers
Solvency
better than 23%
← weakest strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
on the day
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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

History

On 1 July 2024, NOR HOUSE was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€21,076
Total assets
€106,621
Net result
€18,076
Working capital
€21,076

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

Balance-sheet composition
Equity and liabilities €106,621
Equity €21,076
Debt €85,546
Debt finances 80.2% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
1.25
Debt to equity
4.06
ROE
85.8%
ROA
17.0%
Debt ≤ 1 year
€85,546
Income taxes
€5,560

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 7,976 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 28 lines
Balance sheet Code2025
Assets
Total assets20/58€106,621
Current assets29/58€106,621
Amounts receivable within one year40/41€97,696
Other amounts receivable41€97,696
Cash at bank and in hand54/58€8,925
Equity and liabilities
Total equity and liabilities10/49€106,621
Equity10/15€21,076
Contributions10/11€3,000
Reserves13€18,076
Distributable reserves133€18,076
Amounts payable17/49€85,546
Amounts payable within one year42/48€85,546
Trade debts44€70,400
Suppliers440/4€70,400
Taxes, remuneration and social security45€15,146
Taxes450/3€15,146
Income statement Code2025
Other operating charges640/8€787
Gross operating margin9900€24,575
Operating profit (loss)9901€23,787
Financial charges65/66B€152
Recurring financial charges65€152
Profit (loss) for the period before taxes9903€23,636
Income taxes67/77€5,560
Profit (loss) for the period9904€18,076
Profit (loss) for the period to be appropriated9905€18,076
Appropriation of the result
Profit (loss) to be appropriated9906€18,076
Transfer to equity691/2€18,076
To other reserves6921€18,076

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Other operating charges640/8€787
Gross operating margin9900€24,575
Operating profit (loss)9901€23,787
Financial charges65/66B€152
Recurring financial charges65€152
Profit (loss) for the period before taxes9903€23,636
Income taxes67/77€5,560
Profit (loss) for the period9904€18,076
Profit (loss) for the period to be appropriated9905€18,076
Line2025
Assets
Total assets20/58€106,621
Current assets29/58€106,621
Amounts receivable within one year40/41€97,696
Other amounts receivable41€97,696
Cash at bank and in hand54/58€8,925
Equity and liabilities
Total equity and liabilities10/49€106,621
Equity10/15€21,076
Contributions10/11€3,000
Reserves13€18,076
Distributable reserves133€18,076
Amounts payable17/49€85,546
Amounts payable within one year42/48€85,546
Trade debts44€70,400
Suppliers440/4€70,400
Taxes, remuneration and social security45€15,146
Taxes450/3€15,146
Line2025
Profit (loss) for the period9904€18,076
Operating cash flow (approximation)€18,076

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2024
seat establishment approximate The establishment unit on the map
Ground area
1.3 ha
Building footprint
1.1 ha
Volume, LiDAR
121,616 m³
Parcel 21362B0253/02F000, Brussels · tallest building 34.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NOR HOUSE
Sint Michielswarande 30, 1040 EtterbeekIntermediation services for non-specialised retail
since 20242.362.246.542
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21362B0253/02F000 Brussels 1.3 ha 1 · 1.1 ha 34.4 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.

Similar companies · same sector, comparable size

Of 82,601 companies in this sector we hold annual accounts for 52,629. 31,157 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded01-07-2024
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:1010999722
Also 9925:BE1010999722
Registered 16-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.