NORIB
ActiveSummary
NORIB has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €673,986 and a net result of €886,354. Equity is shrinking by about 59% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €673,986
- Profit
- €886,354
- Caroline FilsfilsDirector
- FB WOODDirector · permanent representative Benjamin Filsfils
- Géraldine FilsfilsDirector
Why 97lowers riskSize: total assets €949,008Liquidity: current ratio 216.67, cash €203,291Figures for financial year 2025 (filed 09-05-2026)Equity €673,986 (71.0% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro): better than 59% on solvency, 71% on liquidity, 90% on profitability and 98% on growth.
The bankruptcy probability was computed on 25-10-2026 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
This company filed its last 7 accounts on average 31 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €886,354
- Liquidity more than 214 timescurrent ratio 216.67
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €1.1m after a loss of €84,865 in 2024, the highest result in the available series.
What the company sold each financial 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.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96.5% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,475 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% | 0.9% |
| 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 74.5% 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 17,811 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 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.05m | €0.05m | €0.05m | €0.01m | €0.01m | €0.02m | €0.02m | €0.002m | ▼ 88.3% |
| Other operating charges640/8 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | ▼ 15.7% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.06m | -€0.06m | - |
| Gross operating margin9900 | €0.05m | €0.003m | €0.004m | €0.004m | -€0.005m | -€0.07m | -€0.008m | €1.1m | - |
| Operating profit (loss)9901 | €0.002m | -€0.05m | -€0.05m | -€0.01m | -€0.02m | -€0.09m | -€0.08m | €1.1m | - |
| Financial income75/76B | - | - | - | - | - | - | €35 | €0.003m | ▲ 97× |
| Recurring financial income75 | - | - | €26 | - | - | - | €35 | €0.003m | ▲ 97× |
| Financial charges65/66B | - | - | - | €125 | €49 | €46 | €57 | €0.001m | ▲ 13× |
| Recurring financial charges65 | €210 | €191 | €328 | €125 | €49 | €46 | €57 | €0.001m | ▲ 13× |
| Profit (loss) for the period before taxes9903 | €0.002m | -€0.05m | -€0.05m | -€0.01m | -€0.02m | -€0.09m | -€0.08m | €1.1m | - |
| Transfer to deferred taxes680 | - | - | - | - | - | - | - | €0.3m | - |
| Income taxes67/77 | €0.001m | - | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €0.001m | -€0.05m | -€0.05m | -€0.01m | -€0.02m | -€0.09m | -€0.08m | €0.9m | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | - | €0.8m | - |
| Profit (loss) for the period to be appropriated9905 | €0.001m | -€0.05m | -€0.05m | -€0.01m | -€0.02m | -€0.09m | -€0.08m | €0.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €0.9m | ▲ 5.0% |
| Fixed assets21/28 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.3m | ▼ 56.7% |
| Tangible fixed assets22/27 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.3m | ▼ 57.1% |
| Land and buildings22 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.3m | ▼ 57.1% |
| Financial fixed assets28 | - | - | - | - | - | - | - | €0.003m | - |
| Current assets29/58 | €0.06m | €0.01m | €0.007m | €0.01m | €0.01m | €0.009m | €0.1m | €0.6m | ▲ 420% |
| Amounts receivable within one year40/41 | €0.06m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | - | €0.1m | - |
| Trade receivables40 | - | - | - | €0.006m | €0.006m | €0.006m | - | €0.1m | - |
| Current investments50/53 | - | - | - | - | - | - | - | €0.3m | - |
| Cash at bank and in hand54/58 | €0.003m | €0.005m | €0.001m | €0.005m | €0.003m | €0.003m | €0.1m | €0.2m | ▲ 74.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.001m | - | €137 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €0.9m | ▲ 5.0% |
| Equity10/15 | €0.09m | €0.04m | -€0.007m | -€0.02m | -€0.04m | -€0.1m | -€0.2m | €0.7m | - |
| Contributions10/11 | €0.06m | €0.06m | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.03m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.8m | ▲ 130× |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves not available under the articles1311 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | - | - |
| Own shares acquired1312 | - | - | - | - | - | - | - | €0.006m | - |
| Tax-exempt reserves132 | - | - | - | - | - | - | - | €0.8m | - |
| Profit (loss) carried forward14 | €0.001m | -€0.03m | -€0.07m | -€0.09m | -€0.1m | -€0.2m | -€0.3m | -€0.2m | ▲ 40.4% |
| Provisions and deferred taxes16 | - | - | - | - | - | - | - | €0.3m | - |
| Deferred taxes168 | - | - | - | - | - | - | - | €0.3m | - |
| Amounts payable17/49 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €1.1m | €0.02m | ▼ 98.5% |
| Amounts payable after more than one year17 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €1.0m | €0.01m | ▼ 98.6% |
| Other amounts payable178/9 | - | - | - | €0.8m | €0.8m | €0.9m | €1.0m | €0.01m | ▼ 98.6% |
| Amounts payable within one year42/48 | €0.001m | €0.001m | €10 | €10 | €0.001m | €0.01m | €0.1m | €0.003m | ▼ 97.6% |
| Trade debts44 | €10 | - | €10 | €10 | €0.001m | €10 | €0.06m | €0.003m | ▼ 95.1% |
| Suppliers440/4 | - | - | - | €10 | €0.001m | €10 | €0.06m | €0.003m | ▼ 95.1% |
| Advances received on contracts in progress46 | - | - | - | - | - | €0.01m | €0.06m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,469 | -€48,613 | -€46,034 | -€12,718 | -€21,923 | -€85,356 | -€84,887 | €886,354 | - |
| + Depreciation and write-downs630 | €48,339 | €49,135 | €47,087 | €14,157 | €14,958 | €15,777 | €16,631 | €1,948 | ▼ 88.3% |
| Operating cash flow (approximation) | €49,808 | €522 | €1,053 | €1,439 | -€6,965 | -€69,579 | -€68,256 | €888,302 | - |
| Investment in fixed assets (approximation) | - | -€15,908 | -€15,685 | -€15,936 | -€16,273 | -€16,666 | -€18,646 | €443,996 | - |
| Change in cash | - | €1,552 | -€3,511 | €3,439 | -€1,638 | €94 | €113,519 | €86,496 | ▼ 23.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 07-05-2026 | 2026-00106799 |
| 31-12-2024 | micro format | 18-07-2025 | 2025-00286457 |
| 31-12-2023 | micro format | 24-04-2024 | 2024-00072921 |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00374810 |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20086161 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62300379 |
| 31-12-2019 | micro format | 22-06-2020 | 2020-19300553 |
| 31-12-2018 | micro format | 06-08-2019 | 2019-44000104 |
| 31-12-2017 | micro format | 08-08-2018 | 2018-44400292 |
| 31-12-2016 | micro format | 27-06-2017 | 2017-22300346 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Caroline Filsfils |
|
| FB WOOD |
|
| Géraldine Filsfils |
|
| Gérard Filsfils |
|
| Michel Filsfils |
|
Owners and capital
Capital and shareholders
- 02-08-2024 Converted to unavailable equity · €66,000
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
02-08
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousIncorporation · Legal form clause · Capital conversion14 facts ▸
- General meeting, 16-07-2024
- Incorporation, 27-11-2008
- Other provision, “statuts non modifiés depuis constitution” (deed in French)
- Amendment of the articles (2 times)
- Legal form clause, 1, “La société revêt la forme d’une société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible créé en application de l’article 39,§2,deuxième alinéa, suppression” (deed in French)
- Registered office clause, 2, “pour autant que cette décision n’entraîne pas de changement en matière de régime linguistique applicable à la société” (deed in French)
- Capital
- Registered office clause, “confirme, 5590 Ciney,Avenue Schlögel,117” (deed in French)
- Power of attorney, FB WOOD
- Other provision, “vote résolutions, conseil d'administration réuni prend décisions suivantes” (deed in French)
- +2 further facts in this act
01-07
Gazette deed
Resignations: Michel Filsfils (director) and Gérard Filsfils (director)Appointments: Caroline Filsfils, Géraldine Filsfils and FB WOOD · Permanent representative: Benjamin Filsfils · Director discharge9 facts ▸
- General meeting, 06-06-2024
- Director resignation, Michel Filsfils (director)
- Director resignation, Gérard Filsfils (director)
- Director discharge, Michel Filsfils (director)
- Director discharge, Gérard Filsfils (director)
- Director appointment, Caroline Filsfils (director)
- Director appointment, Géraldine Filsfils (director)
- Director appointment, FB WOOD (director)
- Permanent representative, Benjamin Filsfils
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 91030B0318/00D002indicative | Wallonia | 986 m² | 1 · 107 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'achat,la vente,la location,l'exploitation,la construction,l’échange et la promotion de tous biens immobiliers,bâtis ou non bâtis…” (deed in French)
3 activities (deed in French)
- L'achat,la vente,la location,l'exploitation,la construction,l’échange et la promotion de tous biens immobiliers,bâtis ou non bâtis ;
- L'assistance,l'étude et les missions de conseils en matière de gestion financière,informatique,administrative,sociale,juridique,commerciale et économique ;
- D'une façon générale,la réalisation d'opérations commerciales,industrielles,financières,mobilières et immobilières se rapportant directement ou indirectement à son objet.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- NORIB
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “2, pour autant que cette décision n’entraîne pas de changement en matière de régime linguistique applicable à la société” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation, assemblée qui nomme” (deed in French)“Assemblée majorité ou actionnaire unique, assemblée générale” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant,moitié acquéreurs au prorata si plusieurs, cessions entre vifs à titre onéreux ou gratuit,volontaires ou forcées,exclusion et…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, administrateur(s) en fonction désigné(s) liquidateur(s) en vertu statuts si aucun autre…” (deed in French)