NORABO
ActiveSummary
NORABO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1,138 and a net result of €2,115. Its solvency ranks better than 10% of 39,137 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- €1,138
- Profit
- €2,115
Why 85raises riskLiquidity: current ratio 0.09, cash €4,348, halvedFounded in 2024lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €617,464Show the evidence
Checked score
About 3 in 1,000 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 70, micro): better than 9% on solvency, 26% on liquidity, 19% on profitability and 95% on growth.
The bankruptcy probability was computed on 26-10-2026 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
This company filed its last 2 accounts on average 29 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €2,115
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00444621.
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is 185% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,514 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95.8% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 1,514 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,205 | €17,180 | ▲ 68.4% |
| Other operating charges640/8 | €387 | €2,133 | ▲ 451% |
| Gross operating margin9900 | €16,942 | €37,401 | ▲ 121% |
| Operating profit (loss)9901 | €6,350 | €18,089 | ▲ 185% |
| Financial income75/76B | - | €10 | - |
| Recurring financial income75 | - | €10 | - |
| Financial charges65/66B | €8,327 | €15,938 | ▲ 91.4% |
| Recurring financial charges65 | €8,327 | €15,938 | ▲ 91.4% |
| Profit (loss) for the period before taxes9903 | -€1,977 | €2,161 | - |
| Income taxes67/77 | - | €46 | - |
| Profit (loss) for the period9904 | -€1,977 | €2,115 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,977 | €2,115 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €550,667 | €617,464 | ▲ 12.1% |
| Fixed assets21/28 | €522,905 | €606,997 | ▲ 16.1% |
| Tangible fixed assets22/27 | €522,905 | €606,997 | ▲ 16.1% |
| Land and buildings22 | €522,905 | €606,997 | ▲ 16.1% |
| Current assets29/58 | €27,762 | €10,467 | ▼ 62.3% |
| Amounts receivable within one year40/41 | - | €5,274 | - |
| Trade receivables40 | - | €2,946 | - |
| Other amounts receivable41 | - | €2,328 | - |
| Cash at bank and in hand54/58 | €27,762 | €4,348 | ▼ 84.3% |
| Deferred charges and accrued income490/1 | - | €845 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €550,667 | €617,464 | ▲ 12.1% |
| Equity10/15 | -€977 | €1,138 | - |
| Contributions10/11 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€1,977 | €138 | - |
| Amounts payable17/49 | €551,644 | €616,326 | ▲ 11.7% |
| Amounts payable after more than one year17 | €528,346 | €506,098 | ▼ 4.2% |
| Financial debts170/4 | €528,346 | €506,098 | ▼ 4.2% |
| Amounts payable within one year42/48 | €23,297 | €110,229 | ▲ 373% |
| Current portion of amounts payable after more than one year42 | €21,311 | €22,249 | ▲ 4.4% |
| Trade debts44 | €369 | €31,434 | ▲ 85× |
| Suppliers440/4 | €369 | €31,434 | ▲ 85× |
| Taxes, remuneration and social security45 | €1,617 | €46 | ▼ 97.2% |
| Taxes450/3 | €1,617 | €46 | ▼ 97.2% |
| Other amounts payable47/48 | - | €56,500 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€1,977 | €2,115 | - |
| + Depreciation and write-downs630 | €10,205 | €17,180 | ▲ 68.4% |
| Operating cash flow (approximation) | €8,228 | €19,294 | ▲ 135% |
| Investment in fixed assets (approximation) | - | -€101,272 | - |
| Change in cash | - | -€23,414 | - |
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 (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00444621 |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00448128 |
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 |
|---|---|
| BOLLEN Michael Albert Laura |
|
Owners and capital
Capital and shareholders
- BOLLEN Michael Albert Laura 100 shares (100%) · €1,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 18-03-2024 Incorporation · €1,000 · 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
18-03
Gazette deed
IncorporationAppointment: BOLLEN Michael Albert Laura (director) · Founder · Founding capital7 facts ▸
- Incorporation, 14-03-2024
- Founder, BOLLEN Michael Albert Laura
- Founding capital, €1,000
- Kind of shares, “op naam”, 100 (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten door oprichter in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Director appointment, BOLLEN Michael Albert Laura (director (not named in the articles))
- Registered office clause, “3740 Bilzen, Meremweg 42” (deed in Dutch)
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.
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 |
|---|---|---|---|---|
| 73006H1234/00D000 | Flanders | 1,994 m² | 1 · 211 m² | 8.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Managementactiviteiten van holdings:tussenkomen in het dagelijks bestuur,vertegenwoordigen van bedrijven op grond van bezit van of controle…” (deed in Dutch)
15 activities (deed in Dutch)
- Managementactiviteiten van holdings:tussenkomen in het dagelijks bestuur,vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal,enzovoort;
- Import/exportfinanciering;
- Handel in eigen onroerend goed;
- Handel in eigen onroerend goed:flatgebouwen en woningen niet voor bewoning bestemde gebouwen,grond;
- Verkoop van eigen handelszaken en van zelf verworven sleutelgeld(overname);
- Verhuur en exploitatie van eigen of geleased residentieel onroerend goed,exclusief sociale woningen;
- Verhuur van al dan niet gemeubelde appartementen en huizen;
- Bemiddeling bij de aankoop,verkoop en verhuur van onroerend goed;
- Schatten en evalueren van onroerend goed voor een vast bedrag of op contractbasis;
- Schatten en evalueren van onroerend goed;
- Beheer van onroerend goed voor een vast bedrag of op contractbasis;
- Beheer van residentieel onroerend goed voor een vast bedrag of op contractbasis;
- Verlenen,in opdracht van de eigenaar of de mede-eigenaars,van alle diensten die noodzakelijk zijn voor het behoorlijk functioneren van de gebouwen(residentieel gebouw);
- Innen van de huur(residentiële gebouwen);
- Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- NORABO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, eenvoudige beslissing van het bestuursorgaan” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of June at 20:00