Financials
- Financial year
- 2024
- Total assets
- €207,805
- Loss
- -€14,236
- Solvency
- 3.1%
Total assets▲ 510%
Net result
20202024
NORCON
ActiveSummary
The computed 12-month bankruptcy probability of NORCON is 2.6% (moderate). The annual accounts of NORCON for financial year 2024 show a net loss of 69% of the equity at the start of that year. The 2024 annual accounts show equity of €6,400 and a net result of -€14,236. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 11,502 sector peers (NACE 71, financial year 2024). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Engineering and related technical consultancy, excluding land surveyors
NACE 71121Other technical testing and analysis NACE 71209
1 site
Size
€207,805total assets 2024
- Equity
- €6,400
- Loss
- -€14,236
Turnover not published (micro format)
Structure
Accounts 72 days overdue0 of 5 deeds read
Why 49raises riskFigures for financial year 2024 (filed 06-06-2025)1 change of registered office in 24 monthslowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Size: total assets €207,805Show the evidence
Checked score
Score 2024
49
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 9% of its sector peers (NACE 71, micro)
Financial strength · tick = 2023
Weak
Solvency
28-58
equity 3.1% of total assets
Liquidity
16-60
short-term debt 96.9% · cash 13.1%
Profitability
10-90
return on assets -6.9%
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 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 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.6 percentage points vs 06-2025
08-2025: 0.9%▲ +0.1 percentage points vs 07-2025
09-2025: 2.8%▲ +1.9 percentage points vs 08-2025
10-2025: 2.8%● unchanged vs 09-2025
11-2025: 2.9%▲ +0.1 percentage points vs 10-2025highest value
12-2025: 2.9%● unchanged vs 11-2025highest value
01-2026: 2.8%▼ -0.1 percentage points vs 12-2025
02-2026: 2.8%● unchanged vs 01-2026
03-2026: 0.8%▼ -2.0 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.3%▲ +0.5 percentage points vs 07-2026
09-2026: 1.6%▲ +0.3 percentage points vs 08-2026
10-2026: 2.6%▲ +1.0 percentage point vs 09-2026
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.49, compared with 1.68 in 2023; short-term debt: 96.9% and cash: 13.1% of total assets), and 96.9% of the assets are financed with debt.
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 71, micro): better than 11% on solvency, 7% on liquidity, 11% on profitability and 7% on growth.
The bankruptcy probability was computed on 10-10-2026 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 11502 sector peers (2024).
NBB · sector comparisonPosition among 11502 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
59 days early
2023
89 days early
2022
111 days early
2021
82 days early
2020
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 75 days before the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€14,236
- Annual accounts filedfinancial year 2023 · micro…
Key points
By topic
Timeline
- Events
- 7
- Since
- 2021
- 11-04-2023Annual accounts filed
- 31-12-2022Back to profit
- 10-05-2022Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121
- Founded
- 10-12-2019
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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