NORADML
ActiveNORADML has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €266k and a net result of €116k. Equity is growing by ~62.6% per year across the filed fiscal years. Its solvency ranks better than 90% of 1973 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
93
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 11.2 against 7.28 in 2024; short-term debt: 8.5% and cash: 44.2% of total assets), and 8.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← 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
91.5%
Return on assets
40%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
25 d early
2024
24 d early
2023
42 d early
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€266k▲ 77.8%
2024 · €149k
2023: €79k
2024: €149k
2023 → 2025
Total assets
€290k▲ 69.2%
2024 · €172k
2023: €89k
2024: €172k
2023 → 2025
Net result
€116k▲ 62.2%
2024 · €72k
2023: €79k
2024: €72k
2023 → 2025
Working capital
€252k▲ 85.9%
2024 · €136k
2023: €58k
2024: €136k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€79k-€149k▲ 90.0%€266k▲ 77.8%
Operating result€100k-€95k▼ 4.6%€156k▲ 64.4%
Net result€79k-€72k▼ 9.3%€116k▲ 62.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 64% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €290k
Fixed assets
€14k▼ 5.1%
Current assets
€277k▲ 76.1%
Equity and liabilities €290k
Equity
€266k▲ 77.8%
Debt
€25k▲ 11.5%
The debt ratio falls from 12.9% to 8.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€163k▲
2024 · €101k
Cash flow
€123k▲
2024 · €78k
Solvency
91.5%▲
2024 · 87.1%
Current ratio
11.20▲
2024 · 7.28
Quick ratio
11.20▲
2024 · 7.28
Debt / equity
0.09▼
2024 · 0.15
ROE
43.7%▼
2024 · 47.9%
ROA
40.0%▼
2024 · 41.8%
Interest coverage
2569.58▲
2024 · 164.85
Debt
€25k▲
2024 · €22k
Debt ≤ 1 year
€25k▲
2024 · €22k
Income taxes
€41k▲
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€172k€290k▲
Fixed assets21/28€15k€14k▼
Tangible fixed assets22/27€15k€14k▼
Furniture and vehicles24€15k€14k▼
Current assets29/58€157k€277k▲
Amounts receivable within one year40/41€50k€148k▲
Trade receivables40€48k€101k▲
Other amounts receivable41€1k€47k▲
Cash at bank and in hand54/58€107k€128k▲
Deferred charges and accrued income490/1€859€531▼
Equity and liabilities
Total equity and liabilities10/49€172k€290k▲
Equity10/15€149k€266k▲
Contributions10/11€500€500=
Profit (loss) carried forward14€149k€265k▲
Amounts payable17/49€22k€25k▲
Amounts payable within one year42/48€22k€25k▲
Trade debts44€9k€4k▼
Suppliers440/4€9k€4k▼
Taxes, remuneration and social security45€2k€19k▲
Taxes450/3€2k€17k▲
Remuneration and social security454/9€770€2k▲
Other amounts payable47/48€10k€1k▼
Accrued charges and deferred income492/3€563-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€5k€562▼
Gross operating margin9900€106k€163k▲
Operating profit (loss)9901€95k€156k▲
Financial income75/76B€15€976▲
Recurring financial income75€15€976▲
Financial charges65/66B€613€63▼
Recurring financial charges65€613€63▼
Profit (loss) for the period before taxes9903€94k€157k▲
Income taxes67/77€23k€41k▲
Profit (loss) for the period9904€72k€116k▲
Profit (loss) for the period to be appropriated9905€72k€116k▲
Appropriation of the result
Profit (loss) to be appropriated9906€150k€265k▲
Profit (loss) brought forward from the previous period14P€78k€149k▲
Profit to be distributed694/7€859-
Return on contributions (dividend)694€859-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €116k ▲62.2%
Operating result €156k, net result €116k, both a record.
31-12
Financial
Equity above €200kEq €266k ▲77.8%
3 profitable years in a row build equity to €266k.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €72k ▼9.3%
Net result drops to €72k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €149k ▲90%
2 profitable years in a row build equity to €149k.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Malmedy · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue des Alliés 724960 MalmedyGround area
101 m²
Building footprint
65 m²
Volume, LiDAR
580 m³
Parcel 63049F0358/00C010, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NORADML
since 20232.346.910.248
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63049F0358/00C010 | Wallonia | 101 m² | 1 · 65 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
HELICOPTER
BE 0476.791.226
Gent · Eq €265k
ENVO
BE 0788.886.251
Herentals · Eq €266k
DMMGroup
BE 0667.617.544
Flobecq · Eq €267k
DIKKE MATHILLE
BE 0786.925.366
Gent · Eq €270k
DECO-Service
BE 0464.171.130
Oosterzele · Eq €261k
Of 8,304 companies in sector 90201 we hold annual accounts for 601. 421 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-06-2023
Fiscal year end31-12
Activities, NACEBEL
90201Performing arts by independent artists
47120Other non-specialised retail sale
47910Retail trade
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.