NORDELAN
ActiveSummary
NORDELAN has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €520k and a net result of €18k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 71% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72=
Solvency90▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.51 in 2024; short-term debt: 34.8% and cash: 5.5% of total assets), and 34.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
65.2%
Return on assets
2.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
31 d early
2023
5 d late
2022
20 d early
2021
34 d early
2020
3 d late
2019
54 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€520k▼ 14.9%
2024 · €611k
2018: €254k
2019: €362k
2020: €445k
2021: €655k
2022: €587k
2023: €627k
2024: €611k
2018 → 2025
Total assets
€798k▼ 3.9%
2024 · €830k
2018: €398k
2019: €507k
2020: €746k
2021: €927k
2022: €926k
2023: €861k
2024: €830k
2018 → 2025
Net result
€18k▼ 21.6%
2024 · €23k
2018: €41k
2019: €118k
2020: €92k
2021: €231k
2022: €53k
2023: €126k
2024: €23k
2018 → 2025
Working capital
€21k▼ 80.9%
2024 · €110k
2018: €177k
2019: €154k
2020: €68k
2021: €260k
2022: €161k
2023: €152k
2024: €110k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€655k-€587k▼ 10.3%€627k▲ 6.8%€611k▼ 2.6%€520k▼ 14.9%
Operating result€306k-€72k▼ 76.5%€169k▲ 134%€27k▼ 84.1%€24k▼ 11.5%
Net result€231k-€53k▼ 77.0%€126k▲ 137%€23k▼ 81.5%€18k▼ 21.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 11% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €798k
Fixed assets
€499k ▼ 0.7%
Current assets
€299k ▼ 8.9%
Equity and liabilities €798k
Equity
€520k ▼ 14.9%
Debt
€278k ▲ 26.6%
Debt's share of the balance-sheet total rises from 26.5% to 34.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€30k▼
2024 · €31k
Cash flow
€25k▼
2024 · €28k
Current ratio
1.08▼
2024 · 1.51
Debt to equity
0.53▲
2024 · 0.36
ROE
3.5%▼
2024 · 3.8%
ROA
2.3%▼
2024 · 2.8%
Interest coverage
29.60▲
2024 · 22.67
Debt ≤ 1 year
€278k▲
2024 · €218k
Income taxes
€5k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€830k€798k▼
Fixed assets21/28€502k€499k▼
Tangible fixed assets22/27€502k€499k▼
Plant, machinery and equipment23€497k€496k▼
Furniture and vehicles24€5k€3k▼
Current assets29/58€328k€299k▼
Amounts receivable within one year40/41€195€1k▲
Other amounts receivable41€195€1k▲
Current investments50/53€254k€254k=
Cash at bank and in hand54/58€74k€44k▼
Deferred charges and accrued income490/1€427€17▼
Equity and liabilities
Total equity and liabilities10/49€830k€798k▼
Equity10/15€611k€520k▼
Contributions10/11€20k€20k=
Outside capital11€20k€20k=
Other1109/19€20k€20k=
Reserves13€591k€500k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€589k€498k▼
Amounts payable17/49€220k€278k▲
Amounts payable within one year42/48€218k€278k▲
Current portion of amounts payable after more than one year42€23k-
Trade debts44€10k€2k▼
Suppliers440/4€10k€2k▼
Taxes, remuneration and social security45€22k€5k▼
Taxes450/3€22k€5k▼
Other amounts payable47/48€163k€271k▲
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€4k€4k▼
Gross operating margin9900€35k€34k▼
Operating profit (loss)9901€27k€24k▼
Financial income75/76B€892€927▲
Recurring financial income75€892€927▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€26k€24k▼
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€23k€18k▼
Profit (loss) for the period to be appropriated9905€23k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€18k▼
Transfer from equity791/2€37k€107k▲
Transfer to equity691/2€23k€18k▼
To other reserves6921€23k€18k▼
Profit to be distributed694/7€37k€107k▲
Return on contributions (dividend)694€37k€107k▲
The notes to these accounts (4 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €18k ▼21.6%
Net result drops to €18k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €231k ▲152%
Operating result €306k, net result €231k, both a record.
31-12
Financial
Equity above €500kEq €655k ▲47.1%
4 profitable years in a row build equity to €655k.
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Mechelen · 1 establishment unit since 2004
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.
Kerkenbos(MZN) 962812 MechelenGround area
2,957 m²
Building footprint
153 m²
Volume, LiDAR
1,024 m³
Parcel 12409C0084/00M000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nordelan
since 20042.137.809.823
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12409C0084/00M000 | Flanders | 2,957 m² | 1 · 152 m² | 10.3 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 4,273 EUR awarded · 4,273 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 4,273 EUR | 4,273 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Bijkomende retroactieve investeringspremie voor eigenaars van een warmtepomp én zonnepanelen na afschaffing van terugdraaiende teller
Similar companies · same sector, comparable size
BUNKERLINK
BE 0684.556.021
Antwerpen · Eq €517k
ZURIA
BE 1007.623.924
Aartselaar · Eq €515k
Agri-Fert
BE 0638.857.539
Herentals · Eq €536k
BIMETALS
BE 0435.430.921
Liège · Eq €559k
C 4 Q
BE 0879.348.253
Zoersel · Eq €562k
Of 537 companies in sector 46120 we hold annual accounts for 303. 201 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-06-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46120Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.