NOREM CONSTRUCT
ActiveSummary
NOREM CONSTRUCT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,718) and a net result of -€4,862. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 1.4% (low).
Financials · fiscal year 2025, micro schema
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result stays negative: a loss of €4,862 in 2025 against €244 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,450 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,332 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €160 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €842 | €842 | €784 | €135 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €846 | €400 | - | €244 | €1,762 | ▲ 623% |
| Non-recurring operating charges66A | - | - | - | - | €130 | - | - | - | - |
| Gross operating margin9900 | -€36,139 | -€9,645 | -€6,347 | -€1,467 | -€3,188 | -€514 | - | -€3,099 | - |
| Operating profit (loss)9901 | -€40,796 | -€12,168 | -€7,544 | -€2,449 | -€3,718 | -€514 | -€244 | -€4,862 | ▼ 1,894% |
| Financial income75/76B | - | - | - | €1,116 | - | - | - | - | - |
| Recurring financial income75 | €15 | €102 | €1 | €1,116 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €963 | €70 | - | - | - | - |
| Recurring financial charges65 | €56 | €131 | €89 | €963 | €70 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€40,716 | -€10,685 | -€10,610 | -€2,296 | -€3,788 | -€514 | -€244 | -€4,862 | ▼ 1,894% |
| Profit (loss) for the period9904 | -€40,716 | -€10,685 | -€10,610 | -€2,296 | -€3,788 | -€514 | -€244 | -€4,862 | ▼ 1,894% |
| Profit (loss) for the period to be appropriated9905 | -€40,716 | -€10,685 | -€10,610 | -€2,296 | -€3,788 | -€514 | -€244 | -€4,862 | ▼ 1,894% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €103,551 | €96,950 | €91,592 | €78,877 | €76,091 | €76,091 | €76,091 | €75,603 | ▼ 0.6% |
| Fixed assets21/28 | €2,481 | €1,639 | €855 | €130 | - | - | - | - | - |
| Tangible fixed assets22/27 | €2,481 | €1,639 | €855 | €130 | - | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €130 | - | - | - | - | - |
| Current assets29/58 | €101,070 | €95,311 | €90,736 | €78,747 | €76,091 | €76,091 | €76,091 | €75,603 | ▼ 0.6% |
| Amounts receivable within one year40/41 | €43,532 | €46,191 | €52,474 | €41,946 | €39,611 | €39,611 | €39,611 | €39,123 | ▼ 1.2% |
| Trade receivables40 | - | - | - | €27,293 | €27,293 | €27,293 | €27,293 | €27,293 | = |
| Other amounts receivable41 | - | - | - | €14,653 | €12,318 | €12,318 | €12,318 | €11,830 | ▼ 4.0% |
| Cash at bank and in hand54/58 | €57,538 | €49,119 | €37,980 | €36,496 | €36,480 | €36,480 | €36,480 | €36,480 | = |
| Deferred charges and accrued income490/1 | - | - | - | €305 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €103,551 | €96,950 | €91,592 | €78,877 | €76,091 | €76,091 | €76,091 | €75,603 | ▼ 0.6% |
| Equity10/15 | €28,281 | €17,596 | €6,986 | €4,690 | €901 | €387 | €143 | -€4,718 | ▼ 3,390% |
| Contributions10/11 | €12,235 | €12,235 | - | €12,235 | €12,235 | €12,235 | €12,235 | €12,235 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €14,186 | €3,501 | -€7,109 | -€9,405 | -€13,194 | -€13,708 | -€13,952 | -€18,813 | ▼ 34.8% |
| Amounts payable17/49 | €75,270 | €79,354 | €84,606 | €74,187 | €75,189 | €75,704 | €75,947 | €80,321 | ▲ 5.8% |
| Amounts payable within one year42/48 | €75,270 | €79,354 | €84,606 | €74,187 | €75,189 | €75,704 | €75,947 | €80,321 | ▲ 5.8% |
| Trade debts44 | €75,270 | €79,354 | €84,606 | €74,187 | €75,189 | €75,704 | €75,947 | €80,321 | ▲ 5.8% |
| Suppliers440/4 | - | - | - | €74,187 | €75,189 | €75,704 | €75,947 | €80,321 | ▲ 5.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€40,716 | -€10,685 | -€10,610 | -€2,296 | -€3,788 | -€514 | -€244 | -€4,862 | ▼ 1,894% |
| + Depreciation and write-downs630 | €842 | €842 | €784 | €135 | - | - | - | - | - |
| Operating cash flow (approximation) | -€39,874 | -€9,843 | -€9,827 | -€2,160 | -€3,788 | -€514 | -€244 | -€4,862 | ▼ 1,894% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €590 | - | - | - | - | - |
| Change in cash | - | -€8,419 | -€11,139 | -€1,485 | -€15 | €0 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.