NORIC
ActiveFrom the official registers: KBO 43 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
NORIC has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.4m and a net result of €5,230. Equity has been stable since 2018 (±0.5% per year). Its solvency ranks better than 95% of 15,439 sector peers (NACE 46, financial year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Official details
KBO- Status
- Active since 30-03-1982 Normal situation
- Activity
- Wholesale of machine tools NACE 46620and 3 others
- Establishment unit
- 2.020.429.232 3700 Tongeren-Borgloon, since 30-03-1982
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
- Ridder de SCHAETZEN van BRIENEN Norbert Henri Georges Marie GhislainDirector · since 01-08-2013
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- -€50,704
- ▼ 10.9%
- Profit
- €5,230
- ▼ 44.7%
- Equity
- €2.4m
- ▲ 0.2%
- Total assets
- €2.5m
- ▲ 0.3%
Score breakdownraises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed on 28-08-2025)Liquidity: current ratio 13.53, cash €16,947lowers riskFounded in 1982Equity €2.4m (95.7% of total assets)Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 46, small). It does better than 92% of them on solvency, 64% on liquidity, 12% on profitability and 35% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 6 accounts on average 53 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Key points
- Positive: Higher solvency than 95% of companies in wholesale tradesector median 39.4% · 15,439 companies 95.7% View
Comparable companies
These companies have the same main activity as NORIC: wholesale of machine tools (NACE 46620). They are comparable in size and age: total assets between €704,000 and €5.5m, founded between 1978 and 1993.
| Company | Total assets | Gross margin |
|---|---|---|
| NORIC Tongeren-Borgloon | €2.5m | -€0.05m |
| JEPSON POWER GROUP Ukkel | €4.9m | -€0.02m |
| DE BACKERE INDUSTRIAL Antwerpen | €5.5m | €0.002m |
| National Machines Outils Tournai | €0.9m | -€0.008m |
| DV SPECIAL MACHINES Sint-Martens-Latem | €1.6m | -€0.04m |
| ETABLISSEMENTS DEPIERE Tournai | €0.7m | -€0.003m |
| BRUCKO Steenokkerzeel | €0.9m | -€0.007m |
Documents
Annual accounts at the NBB
- Annual accounts 2024filed on 27-08-2025
- Annual accounts 2023filed on 23-08-2024
- Annual accounts 2022filed on 13-09-2023
- Annual accounts 2021filed on 29-09-2022
Acts in the Belgian Official Gazette
- Legal-form change · Resignations & appointmentsact of 03-09-2024
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
- Check the withholding obligationwith enterprise number 0422.583.666
Key facts about NORIC
- What is the company number of NORIC?
- The company number of NORIC is 0422.583.666. The VAT number is the same number with BE in front: BE 0422.583.666.
- Where is NORIC based?
- The registered office is at Kasteelweg 30, 3700 Tongeren-Borgloon.Company details
- What does NORIC do?
- According to the KBO register, the main activity is wholesale of machine tools (NACE 46620).
- What is the legal form of NORIC?
- The legal form of NORIC is Private limited company (BV).
- When was NORIC founded?
- NORIC was founded on 30-03-1982.
- Is NORIC still active?
- Yes, NORIC is an active enterprise in the KBO register.
- What is the turnover of NORIC?
- The annual accounts for financial year 2024 state no turnover. The micro format does not require it.Financials
- Is NORIC profitable?
- In financial year 2024, NORIC made a profit of €5,230.
- Where can I find the annual accounts of NORIC?
- NORIC filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)
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