NORIC
ActiveNORIC has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.38M and a net result of €5k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 95% of 15866 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability1▼-1
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 13.53 against 15.58 in 2023), and 4.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
95.7%
Return on assets
0.2%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
23 d late
2022
44 d late
2021
60 d late
2020
68 d late
2019
96 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€2.38M▲ 0.2%
2023 · €2.38M
2018: €2.32M
2019: €2.34M
2020: €2.30M
2021: €2.31M
2022: €2.37M
2023: €2.38M
2018 → 2024
Total assets
€2.49M▲ 0.3%
2023 · €2.48M
2018: €2.41M
2019: €2.43M
2020: €2.41M
2021: €2.43M
2022: €2.46M
2023: €2.48M
2018 → 2024
Net result
€5k▼ 44.7%
2023 · €9k
2018: €7k
2019: €23k
2020: €-38k
2021: €14k
2022: €55k
2023: €9k
2018 → 2024
Working capital
€1.35M▼ 3.3%
2023 · €1.39M
2018: €1.38M
2019: €1.39M
2020: €1.30M
2021: €1.35M
2022: €1.41M
2023: €1.39M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2.30M-€2.31M▲ 0.6%€2.37M▲ 2.4%€2.38M▲ 0.4%€2.38M▲ 0.2%
Operating result€-72k-€-78k▼ 8.1%€-93k▼ 20.4%€-84k▲ 9.8%€-100k▼ 18.9%
Net result€-38k-€14k€55k▲ 295%€9k▼ 82.7%€5k▼ 44.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €100k in 2024 against €84k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.49M
Fixed assets
€1.04M▲ 4.1%
Current assets
€1.46M▼ 2.2%
Equity and liabilities €2.49M
Equity
€2.38M▲ 0.2%
Debt
€108k▲ 2.1%
The debt ratio rises from 4.2% to 4.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€-58k▼
2023 · €-53k
Cash flow
€47k▲
2023 · €41k
Solvency
95.7%▼
2023 · 95.8%
Current ratio
13.53▼
2023 · 15.58
Quick ratio
13.50▼
2023 · 15.56
Debt / equity
0.05▲
2023 · 0.04
ROE
0.2%▼
2023 · 0.4%
ROA
0.2%▼
2023 · 0.4%
Interest coverage
-11.81▼
2023 · -11.73
Debt
€108k▲
2023 · €105k
Debt ≤ 1 year
€108k▲
2023 · €96k
Debt > 1 year
€0▼
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.48M€2.49M▲
Fixed assets21/28€995k€1.04M▲
Tangible fixed assets22/27€995k€1.04M▲
Land and buildings22€928k€957k▲
Plant, machinery and equipment23€41k€27k▼
Furniture and vehicles24€26k€53k▲
Current assets29/58€1.49M€1.46M▼
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€151k€138k▼
Trade receivables40€72k€72k▲
Other amounts receivable41€79k€66k▼
Current investments50/53€1.32M€1.29M▼
Cash at bank and in hand54/58€4k€17k▲
Deferred charges and accrued income490/1€8k€7k▼
Equity and liabilities
Total equity and liabilities10/49€2.48M€2.49M▲
Equity10/15€2.38M€2.38M▲
Contributions10/11€1.86M€1.86M=
Reserves13€87k€87k=
Non-distributable reserves130/1€21k€21k=
Reserves not available under the articles1311€21k€21k=
Tax-exempt reserves132€37k€37k=
Distributable reserves133€28k€28k=
Profit (loss) carried forward14€432k€437k▲
Amounts payable17/49€105k€108k▲
Amounts payable after more than one year17€10k€0▼
Financial debts170/4€10k€0▼
Amounts payable within one year42/48€96k€108k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€21k€12k▼
Suppliers440/4€21k€12k▼
Other amounts payable47/48€65k€86k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€42k▲
Other operating charges640/8€7k€8k▲
Gross operating margin9900€-46k€-51k▼
Operating profit (loss)9901€-84k€-100k▼
Financial income75/76B€98k€110k▲
Recurring financial income75€98k€110k▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€9k€5k▼
Profit (loss) for the period9904€9k€5k▼
Profit (loss) for the period to be appropriated9905€9k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€432k€437k▲
Profit (loss) brought forward from the previous period14P€423k€432k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 44 days late
2022
31-12
Financial
Highest result since 2018net €55k ▲295%
Net result €55k, the highest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
07-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 68 days late
2020
31-12
Financial
Weakest financial yearnet €-38k ▼268%
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 50 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
Ridder de SCHAETZEN van BRIENEN Norbert Henri Georges Marie Ghislain
CurrentDirector · since 03-09-2024
03-09-2024
Appointed as Director
Location & real-estate footprint
Registered office, Tongeren-Borgloon · 1 establishment unit since 1982
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.
Kasteelweg 303700 Tongeren-BorgloonGround area
768 m²
Parcel 73100A0244/00L000, Flanders. Linked by address, not a title deed.
1 establishment unit
Kasteelweg 30, 3700 Tongeren-Borgloon
since 19822.020.429.232
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73100A0244/00L000 | Flanders | 767 m² | - | - |
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
2024 to 2025 · 2 entries · 1,518 EUR awarded · 1,518 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 804 EUR | 804 EUR |
| 2024 | 1 | 714 EUR | 714 EUR |
Schemes
Subsidie beheer GBN
Recognitions · licences · registrations
Legal Entity Identifier
967600DP2B81WE7HX624
Similar companies · same sector, comparable size
AQUAE FORTUNA
BE 0869.618.955
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RECA BELUX
BE 0453.342.861
Schaarbeek · Eq €2.35M
DE BACKER WELDING
BE 0465.662.851
Oosterzele · Eq €2.33M
Etablissements V. Dehaye
BE 0401.878.720
Anderlecht · Eq €2.44M
Gödde
BE 0454.647.710
Eupen · Eq €2.46M
Of 824 companies in sector 46620 we hold annual accounts for 639. 444 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-1982
Fiscal year end31-12
Activities, NACEBEL
46620Wholesale of machine tools
01410Raising of dairy cattle
43110Demolition
45111
45194
46713Wholesale trade
50104
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.