NORA
ActiveSummary
NORA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93,601 and a net result of €14,461. Equity is growing by ~52.1% per year across the filed fiscal years. Its solvency ranks better than 70% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-25
Solvency83▲+21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.15 against 1.53 in 2024; short-term debt: 36% and cash: 8.6% of total assets), and 42.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
57.8%
Return on assets
8.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
6 d late
2023
22 d late
2022
14 d early
2021
243 d late
2020
87 d late
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 53 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€93,601▲ 18.3%
2024 · €79,140
Total assets
€162,044▼ 25.2%
2024 · €216,512
Net result
€14,461▼ 67.5%
2024 · €44,476
Working capital
€66,819▲ 10.9%
2024 · €60,225
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€56,672€21,095▼ 62.8%€46,786▲ 122%€68,441▲ 46.3%€23,729▼ 65.3%
Net result€37,701above the sector's middle half€12,840within the sector's middle half▼ 65.9%€31,819above the sector's middle half▲ 148%€44,476above the sector's middle half▲ 39.8%€14,461within the sector's middle half▼ 67.5%
Equity-€9,995below the sector's middle half▲ 79.0%€2,845below the sector's middle half€34,664within the sector's middle half▲ 1,119%€79,140within the sector's middle half▲ 128%€93,601within the sector's middle half▲ 18.3%
Total assets€120,607within the sector's middle half▲ 3.6%€142,231within the sector's middle half▲ 17.9%€284,756within the sector's middle half▲ 100%€216,512within the sector's middle half▼ 24.0%€162,044within the sector's middle half▼ 25.2%
Debt€130,603▼ 20.4%€139,387▲ 6.7%€250,093▲ 79.4%€137,372▼ 45.1%€68,443▼ 50.2%
Working capital-€4,938▲ 84.3%€7,473€23,809▲ 219%€60,225▲ 153%€66,819▲ 10.9%
Solvency-8.3%below the sector's middle half▲ 32.7pp2.0%below the sector's middle half▲ 10.3pp12.2%within the sector's middle half▲ 10.2pp36.6%within the sector's middle half▲ 24.4pp57.8%within the sector's middle half▲ 21.2pp
Staff (FTE)1.4▼ 22.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162,044
Fixed assets
€36,937 ▼ 12.1%
Current assets
€125,107 ▼ 28.3%
Equity and liabilities €162,044
Equity
€93,601 ▲ 18.3%
Debt
€68,443 ▼ 50.2%
Debt's share of the balance-sheet total falls from 63.4% to 42.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28,821▼
2024 · €73,485
Cash flow
€19,553▼
2024 · €49,520
Current ratio
2.15▲
2024 · 1.53
Quick ratio
0.66▼
2024 · 0.74
Debt to equity
0.73▼
2024 · 1.74
ROE
15.4%▼
2024 · 56.2%
ROA
8.9%▼
2024 · 20.5%
Interest coverage
4.65▼
2024 · 9.70
Debt ≤ 1 year
€58,288▼
2024 · €114,258
Debt > 1 year
€10,155▼
2024 · €23,114
Income taxes
€5,119▼
2024 · €19,884
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 31,324 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,797 | €5,704 | €7,561 | - | - |
| Remuneration, social security and pensions62 | €10,580 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,529 | €19,001 | €989 | €5,044 | €5,092 | ▲ 1.0% |
| Other operating charges640/8 | €5,334 | €3,475 | €2,701 | €2,189 | €6,585 | ▲ 201% |
| Non-recurring operating charges66A | €13,174 | - | - | - | - | - |
| Gross operating margin9900 | €105,288 | €43,570 | €50,476 | €75,674 | €35,406 | ▼ 53.2% |
| Operating profit (loss)9901 | €56,672 | €21,095 | €46,786 | €68,441 | €23,729 | ▼ 65.3% |
| Financial income75/76B | €3,220 | €3,572 | €2,877 | €3,493 | €2,046 | ▼ 41.4% |
| Recurring financial income75 | €3,220 | €3,572 | €2,877 | €3,493 | €2,046 | ▼ 41.4% |
| Financial charges65/66B | €4,853 | €6,521 | €5,110 | €7,574 | €6,195 | ▼ 18.2% |
| Recurring financial charges65 | €4,853 | €6,521 | €5,110 | €7,574 | €6,195 | ▼ 18.2% |
| Profit (loss) for the period before taxes9903 | €55,039 | €18,146 | €44,553 | €64,361 | €19,580 | ▼ 69.6% |
| Income taxes67/77 | €17,338 | €5,307 | €12,734 | €19,884 | €5,119 | ▼ 74.3% |
| Profit (loss) for the period9904 | €37,701 | €12,840 | €31,819 | €44,476 | €14,461 | ▼ 67.5% |
| Profit (loss) for the period to be appropriated9905 | €37,701 | €12,840 | €31,819 | €44,476 | €14,461 | ▼ 67.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120,607 | €142,231 | €284,756 | €216,512 | €162,044 | ▼ 25.2% |
| Fixed assets21/28 | €19,343 | €342 | €46,293 | €42,029 | €36,937 | ▼ 12.1% |
| Tangible fixed assets22/27 | €19,202 | €201 | €44,152 | €39,887 | €34,795 | ▼ 12.8% |
| Land and buildings22 | €1,296 | €201 | - | - | - | - |
| Plant, machinery and equipment23 | €17,906 | - | €42,432 | €38,799 | €34,338 | ▼ 11.5% |
| Furniture and vehicles24 | - | - | €1,720 | €1,089 | €457 | ▼ 58.0% |
| Financial fixed assets28 | €141 | €141 | €2,141 | €2,141 | €2,141 | = |
| Current assets29/58 | €101,264 | €141,889 | €238,463 | €174,483 | €125,107 | ▼ 28.3% |
| Stocks and contracts in progress3 | €46,724 | €71,607 | €83,929 | €89,758 | €86,738 | ▼ 3.4% |
| Stocks30/36 | €46,724 | €71,607 | €83,929 | €89,758 | €86,738 | ▼ 3.4% |
| Amounts receivable within one year40/41 | €50,282 | €57,703 | €99,480 | €60,930 | €24,116 | ▼ 60.4% |
| Trade receivables40 | €3,220 | €3,523 | €44,028 | €3,019 | €1,882 | ▼ 37.7% |
| Other amounts receivable41 | €47,062 | €54,180 | €55,453 | €57,912 | €22,235 | ▼ 61.6% |
| Cash at bank and in hand54/58 | €4,258 | €12,339 | €54,812 | €23,552 | €13,945 | ▼ 40.8% |
| Deferred charges and accrued income490/1 | - | €240 | €242 | €243 | €309 | ▲ 26.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120,607 | €142,231 | €284,756 | €216,512 | €162,044 | ▼ 25.2% |
| Equity10/15 | -€9,995 | €2,845 | €34,664 | €79,140 | €93,601 | ▲ 18.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €61,038 | €61,038 | €11,859 | €36,859 | €46,859 | ▲ 27.1% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €59,179 | €59,179 | €10,000 | €35,000 | €45,000 | ▲ 28.6% |
| Profit (loss) carried forward14 | -€89,626 | -€76,786 | €4,212 | €23,689 | €28,150 | ▲ 18.8% |
| Amounts payable17/49 | €130,603 | €139,387 | €250,093 | €137,372 | €68,443 | ▼ 50.2% |
| Amounts payable after more than one year17 | €24,400 | €4,971 | €35,439 | €23,114 | €10,155 | ▼ 56.1% |
| Financial debts170/4 | €24,400 | €4,971 | €35,439 | €23,114 | €10,155 | ▼ 56.1% |
| Amounts payable within one year42/48 | €106,203 | €134,416 | €214,654 | €114,258 | €58,288 | ▼ 49.0% |
| Current portion of amounts payable after more than one year42 | €23,976 | €19,429 | €25,835 | €16,075 | €16,709 | ▲ 3.9% |
| Trade debts44 | €66,483 | €99,868 | €180,978 | €79,769 | €28,992 | ▼ 63.7% |
| Suppliers440/4 | €66,483 | €99,868 | €180,978 | €79,769 | €28,992 | ▼ 63.7% |
| Taxes, remuneration and social security45 | €15,743 | €15,120 | €7,841 | €18,414 | €12,587 | ▼ 31.6% |
| Taxes450/3 | €15,743 | €15,120 | €7,841 | €18,414 | €12,587 | ▼ 31.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,701 | €12,840 | €31,819 | €44,476 | €14,461 | ▼ 67.5% |
| + Depreciation and write-downs630 | €19,529 | €19,001 | €989 | €5,044 | €5,092 | ▲ 1.0% |
| Operating cash flow (approximation) | €57,230 | €31,840 | €32,808 | €49,520 | €19,553 | ▼ 60.5% |
| Investment in fixed assets (approximation) | - | €0 | -€46,940 | -€779 | €0 | ▲ 100% |
| Change in cash | - | €8,080 | €42,473 | -€31,260 | -€9,607 | ▲ 69.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-12
Financial
Highest result since 2018net €44,476 ▲39.8%
Operating result €68,441, net result €44,476, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 243 days late
2021
31-12
Financial
Back to profitnet €37,701
Net result €37,701 after one loss-making year.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €51
Net result €51 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Namur · 1 establishment unit since 1987
Ground area
367 m²
Building footprint
106 m²
Volume, LiDAR
1,305 m³
Parcel 92094C0430/00E000, Wallonia · tallest building 16.7 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue Saint-Nicolas 64, 5000 Namur
since 19872.031.372.020
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C0430/00E000 | Wallonia | 367 m² | 1 · 106 m² | 16.7 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNamur2.031.372.020
Similar companies · same sector, comparable size
CATILINA
BE 1004.019.680
Gent · Eq €93,603
DERIJCK
BE 0427.849.380
Aartselaar · Eq €93,514
CJM GROUP
BE 1002.695.334
Thuin · Eq €93,479
SHANLY
BE 0450.923.801
Antwerpen · Eq €93,425
SIMPLY BRITISH
BE 0634.606.959
Braine-l'Alleud · Eq €94,038
Of 3,824 companies in sector 47210 we hold annual accounts for 965. 789 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-05-1987
Fiscal year end31-12
Activities, NACEBEL 2025
47210Retail sale of fruit and vegetables
47279Other retail sale of food
47110Non-specialised retail sale with food, beverages or tobacco predominating
47252Retail sale of beverages, general range
47271Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431086905
Also
9925:BE0431086905
Registered
23-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.