Norbouw
ActiveSummary
The computed 12-month bankruptcy probability of Norbouw is 6.7% (elevated). For Norbouw, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €45,759 and a net result of -€10,049. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 16% of 30864 sector peers (fiscal year 2022). The company has been active since 2015 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability30▼-38
Solvency38▼-11
Growth68=
Track record92
Bankruptcy probability, 12 months
6.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022Solvency, return and age of the figures
Solvency
13%
Return on assets
-2.8%
Age of the figures
45 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-11-2023, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
122 d late
2021
218 d late
2020
30 d late
2019
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 108 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2022, micro schema
Turnover
€527,305▼ 5.9%
2019 · €560,314
EBIT margin
2.9%▲ 1.7pp
2019 · 1.1%
Net result
-€10,049▼ 881%
2021 · -€1,025
Working capital
€46,106▼ 36.0%
2021 · €71,993
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20182019202020212022
Turnover€322,831-€560,314▲ 73.6%€527,305▼ 5.9%
Operating result€14,369-€6,345▼ 55.8%€15,048▲ 137%-€1,368-€10,853▼ 693%
Net result€9,583--€288€11,446within the sector's middle half-€1,025below the sector's middle half-€10,049below the sector's middle half▼ 881%
EBIT margin4.5%-1.1%▼ 3.3pp2.9%▲ 1.7pp
Equity€45,675-€45,387▼ 0.6%€56,833within the sector's middle half▲ 25.2%€55,808within the sector's middle half▼ 1.8%€45,759within the sector's middle half▼ 18.0%
Total assets€132,358-€90,860▼ 31.4%€230,599within the sector's middle half▲ 154%€232,776within the sector's middle half▲ 0.9%€352,832above the sector's middle half▲ 51.6%
Debt€86,683-€45,473▼ 47.5%€173,766▲ 282%€176,968▲ 1.8%€307,074▲ 73.5%
Working capital€33,464-€52,324▲ 56.4%€92,337above the sector's middle half▲ 76.5%€71,993within the sector's middle half▼ 22.0%€46,106within the sector's middle half▼ 36.0%
Solvency34.5%-50.0%▲ 15.4pp24.6%within the sector's middle half▼ 25.3pp24.0%within the sector's middle half▼ 0.7pp13.0%below the sector's middle half▼ 11.0pp
Current ratio1.58-3.21▲ 1.631.70within the sector's middle half▼ 1.521.45within the sector's middle half▼ 0.251.15within the sector's middle half▼ 0.30
Return on assets (ROA)7.2%--0.3%▼ 7.6pp5.0%within the sector's middle half▲ 5.3pp-0.4%below the sector's middle half▼ 5.4pp-2.8%below the sector's middle half▼ 2.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 stays negative: a loss of €10,853 in 2022 against €1,368 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €352,832
Equity
€45,759 ▼ 18.0%
Debt
€307,074 ▲ 73.5%
Debt's share of the balance-sheet total rises from 76.0% to 87.0%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
6.71▲
2021 · 3.17
ROE
-22.0%▼
2021 · -1.8%
Debt ≤ 1 year
€306,726▲
2021 · €160,783
Income taxes
€1,020▲
2021 · €233
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €322,831 | €560,314 | €527,305 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,716 | €26,716 | €9,283 | €5,603 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €770 | - |
| Other operating charges640/8 | - | - | - | €5,625 | €15,267 | ▲ 171% |
| Gross operating margin9900 | €43,117 | €41,640 | €54,026 | €9,860 | €5,185 | ▼ 47.4% |
| Operating profit (loss)9901 | €14,369 | €6,345 | €15,048 | -€1,368 | -€10,853 | ▼ 693% |
| Financial income75/76B | - | - | - | €1,012 | €2,534 | ▲ 150% |
| Recurring financial income75 | €293 | €144 | €617 | €1,012 | €2,534 | ▲ 150% |
| Financial charges65/66B | - | - | - | €436 | €710 | ▲ 63.0% |
| Recurring financial charges65 | €2,467 | €954 | €605 | €436 | €710 | ▲ 63.0% |
| Profit (loss) for the period before taxes9903 | €12,195 | €5,535 | €15,060 | -€792 | -€9,029 | ▼ 1,041% |
| Income taxes67/77 | €2,612 | €5,822 | €3,614 | €233 | €1,020 | ▲ 338% |
| Profit (loss) for the period9904 | €9,583 | -€288 | €11,446 | -€1,025 | -€10,049 | ▼ 881% |
| Profit (loss) for the period to be appropriated9905 | €9,583 | -€288 | €11,446 | -€1,025 | -€10,049 | ▼ 881% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €132,358 | €90,860 | €230,599 | €232,776 | €352,832 | ▲ 51.6% |
| Fixed assets21/28 | €41,602 | €14,886 | €5,603 | - | - | - |
| Tangible fixed assets22/27 | €41,602 | €14,886 | €5,603 | - | - | - |
| Current assets29/58 | €90,756 | €75,975 | €224,996 | €232,776 | €352,832 | ▲ 51.6% |
| Amounts receivable within one year40/41 | €84,492 | €65,755 | €164,927 | €229,177 | €344,642 | ▲ 50.4% |
| Trade receivables40 | - | - | - | €202,844 | €304,636 | ▲ 50.2% |
| Other amounts receivable41 | - | - | - | €26,333 | €40,006 | ▲ 51.9% |
| Cash at bank and in hand54/58 | €3,203 | €7,646 | €58,494 | €501 | €2,624 | ▲ 424% |
| Deferred charges and accrued income490/1 | - | - | - | €3,099 | €5,566 | ▲ 79.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €132,358 | €90,860 | €230,599 | €232,776 | €352,832 | ▲ 51.6% |
| Equity10/15 | €45,675 | €45,387 | €56,833 | €55,808 | €45,759 | ▼ 18.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €37,615 | €37,327 | €48,773 | €47,748 | €37,699 | ▼ 21.0% |
| Amounts payable17/49 | €86,683 | €45,473 | €173,766 | €176,968 | €307,074 | ▲ 73.5% |
| Amounts payable after more than one year17 | - | - | €34,526 | €15,837 | - | - |
| Financial debts170/4 | - | - | - | €15,837 | - | - |
| Amounts payable within one year42/48 | €57,292 | €23,651 | €132,659 | €160,783 | €306,726 | ▲ 90.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,688 | €15,791 | ▼ 15.5% |
| Trade debts44 | €45,271 | €22,795 | €109,364 | €138,312 | €283,175 | ▲ 105% |
| Suppliers440/4 | - | - | - | €138,312 | €283,175 | ▲ 105% |
| Advances received on contracts in progress46 | - | - | - | - | €6,900 | - |
| Taxes, remuneration and social security45 | - | - | - | €3,783 | €860 | ▼ 77.3% |
| Taxes450/3 | - | - | - | €3,783 | €860 | ▼ 77.3% |
| Accrued charges and deferred income492/3 | - | - | - | €348 | €348 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,583 | -€288 | €11,446 | -€1,025 | -€10,049 | ▼ 881% |
| + Depreciation and write-downs630 | €26,716 | €26,716 | €9,283 | €5,603 | - | - |
| Operating cash flow (approximation) | €36,299 | €26,428 | €20,728 | €4,579 | -€10,049 | ▼ 319% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €4,443 | €50,848 | -€57,993 | €2,123 | ▲ 104% |
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
2025
18-11
KBO administration
Address struck
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 122 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 218 days late
2022
31-12
Financial
Weakest financial yearnet -€10,049
Net result drops to -€10,049, the lowest in the series.
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €11,446
Net result €11,446 after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 3.21
Current ratio from 1.58 to 3.21; short-term debt falls from €57,292 to €23,651.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
2016
31-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 153 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Knokke-Heist · 1 establishment unit since 2015
Ground area
439 m²
Building footprint
112 m²
Volume, LiDAR
673 m³
Parcel 31338E0495/00_000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Norbouw
since 20152.291.558.880
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31338E0495/00_000 | Flanders | 439 m² | 1 · 112 m² | 8.6 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
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,035 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
Founded09-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43331Floor and wall tiling
43910Bricklaying and masonry work
E-invoicing
Not found in the Peppol register
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.