Financials
- Financial year
- 2025
- Total assets
- €696,201
- Profit
- €47,500
- Solvency
- 89.0%
NORCAM
ActiveSummary
NORCAM has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €619,639 and a net result of €47,500. Equity is growing by about 2.8% per year across the filed financial years. Its solvency ranks better than 95% of 822 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Activity
Machining of metals
NACE 25530
1 site
Size
€696,201total assets 2025
- Equity
- €619,639
- Profit
- €47,500
Structure
- Arcangelo CAMMARATADirector
- Denise GILBOUXDirector
2025 accounts filed 27 days late1 of 2 deeds summarised
Why 97raises riskSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskLiquidity: current ratio 4.54, cash €267,796Equity €619,639 (89.0% of total assets)Founded in 1988Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 74% of its sector peers (NACE 25, micro)
Financial strength · tick = 2024
Strong
Solvency
100=
equity 89.0% of total assets
Liquidity
98+6
short-term debt 10.7% · cash 38.5%
Profitability
77-10
return on assets 6.8%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: < 0.1%▼ -0.1 percentage points vs 03-2025
05-2025: 0.1%▲ +0.1 percentage points vs 04-2025
06-2025: < 0.1%▼ -0.1 percentage points vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025highest value
09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.54, compared with 2.47 in 2024, above the usual 1.5; short-term debt: 10.7% and cash: 38.5% of total assets), and 11% of the assets are financed with debt and provisions.
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 25, micro): better than 90% on solvency, 94% on liquidity, 57% on profitability and 56% on growth.
The bankruptcy probability was computed on 23-10-2026 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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
27 days late
2024
29 days late
2023
27 days late
2022
10 days late
2021
67 days late
2020
31 days late
2019
81 days late
← 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 39 days after the deadline; the sector median (NACE 25) for financial year 2024 is 8 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- Equity above €500,000equity €572,139 ▲22.6%
Key points
By topic
Board & ownership
- Board
- 2 members
- Arcangelo CAMMARATADirector
- Denise GILBOUXDirector
Timeline
- Events
- 43
- Since
- 1990
- Next accounts
- by 31-07-2027
- 27-08-2024Annual accounts filed
- 09-11-2023Resignations: Arcangelo CAMMARATA (administrateur nommé sous code…
- 10-08-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Machining of metalsNACE 25530
- Founded
- 17-06-1988
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 32
- Annual meeting
- Third Tuesday of June at 14:00
- Purpose
- “Toutes les opérations mécaniques,industrielles et commerciales relatives au montage et à…” (deed in French)
Key facts about NORCAM
- What is the company number of NORCAM?
- 0434.627.504. In Belgium the VAT number is the company number with BE in front: BE 0434.627.504.
- Where is NORCAM based?
- The registered office is at Rue Chavée 4, 1421 Braine-l'Alleud.Company details
- What does NORCAM do?
- According to the KBO register, the main activity is machining of metals (NACE 25530).
- What is the legal form of NORCAM?
- Private limited company (BV).
- When was NORCAM founded?
- On 17-06-1988.
- Is NORCAM still active?
- Yes, NORCAM is an active enterprise in the KBO register.
- What is the turnover of NORCAM?
- €467,866 in financial year 2021, according to the filed annual accounts.Financials
- Is NORCAM profitable?
- In financial year 2025, NORCAM made a profit of €47,500.
- Where can I find the annual accounts of NORCAM?
- NORCAM filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NORCAM due?
- By 31-07-2027, for financial year 2026.Timeline
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