Summary
NORIF is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €5,000 and a net result of €38,479. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 15-06-2026, 46 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
46 d early
2024
9 d early
2023
96 d early
2022
39 d early
2021
13 d early
2020
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 22 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€5,000▼ 77.3%
2023 · €22,032
Net result
€38,479▼ 11.7%
2023 · €43,581
Total assets
€71,140▼ 48.8%
2023 · €138,883
Solvency
7.0%▼ 8.8pp
2023 · 15.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€17,810-€34,987▲ 96.4%€35,936▲ 2.7%€58,503▲ 62.8%€51,985▼ 11.1%
Net result€13,478within the sector's middle half-€26,224within the sector's middle half▲ 94.6%€26,148within the sector's middle half▼ 0.3%€43,581within the sector's middle half▲ 66.7%€38,479within the sector's middle half▼ 11.7%
Equity€17,678below the sector's middle half-€43,102within the sector's middle half▲ 144%€68,451within the sector's middle half▲ 58.8%€22,032below the sector's middle half▼ 67.8%€5,000below the sector's middle half▼ 77.3%
Total assets€31,583below the sector's middle half-€64,599below the sector's middle half▲ 105%€97,039below the sector's middle half▲ 50.2%€138,883within the sector's middle half▲ 43.1%€71,140below the sector's middle half▼ 48.8%
Debt€13,905-€21,496▲ 54.6%€28,588▲ 33.0%€116,851▲ 309%€66,140▼ 43.4%
Working capital€19,664within the sector's middle half-€46,822within the sector's middle half▲ 138%€67,644within the sector's middle half▲ 44.5%€21,606within the sector's middle half▼ 68.1%€3,846within the sector's middle half▼ 82.2%
Solvency56.0%within the sector's middle half-66.7%within the sector's middle half▲ 10.7pp70.5%within the sector's middle half▲ 3.8pp15.9%below the sector's middle half▼ 54.7pp7.0%below the sector's middle half▼ 8.8pp
Current ratio2.98within the sector's middle half-3.86within the sector's middle half▲ 0.883.37within the sector's middle half▼ 0.491.18within the sector's middle half▼ 2.181.06within the sector's middle half▼ 0.13
Return on assets (ROA)42.7%above the sector's middle half-40.6%above the sector's middle half▼ 2.1pp26.9%above the sector's middle half▼ 13.6pp31.4%above the sector's middle half▲ 4.4pp54.1%above the sector's middle half▲ 22.7pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €71,140
Fixed assets
€1,667 ▲ 291%
Current assets
€69,473 ▼ 49.8%
Equity and liabilities €71,140
Equity
€5,000 ▼ 77.3%
Debt
€66,140 ▼ 43.4%
Debt's share of the balance-sheet total rises from 84.1% to 93.0%. Equity and debt are lower.
Key figures and ratios
ROE
769.6%▲
2023 · 197.8%
Debt ≤ 1 year
€65,627▼
2023 · €116,851
Income taxes
€13,317▲
2023 · €12,987
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,465 | €584 | €584 | €381 | €479 | ▲ 25.8% |
| Other operating charges640/8 | - | €166 | €116 | €909 | €577 | ▼ 36.5% |
| Gross operating margin9900 | €19,581 | €35,737 | €36,636 | €59,792 | €53,041 | ▼ 11.3% |
| Operating profit (loss)9901 | €17,810 | €34,987 | €35,936 | €58,503 | €51,985 | ▼ 11.1% |
| Financial income75/76B | - | €211 | €211 | €0 | €10 | - |
| Recurring financial income75 | €209 | €211 | €211 | €0 | €10 | - |
| Financial charges65/66B | - | €416 | €1,813 | €1,935 | €199 | ▼ 89.7% |
| Recurring financial charges65 | €523 | €416 | €1,813 | €1,935 | €199 | ▼ 89.7% |
| Profit (loss) for the period before taxes9903 | €17,497 | €34,782 | €34,334 | €56,568 | €51,796 | ▼ 8.4% |
| Income taxes67/77 | €4,019 | €8,558 | €8,186 | €12,987 | €13,317 | ▲ 2.5% |
| Profit (loss) for the period9904 | €13,478 | €26,224 | €26,148 | €43,581 | €38,479 | ▼ 11.7% |
| Profit (loss) for the period to be appropriated9905 | €13,478 | €26,224 | €26,148 | €43,581 | €38,479 | ▼ 11.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,583 | €64,599 | €97,039 | €138,883 | €71,140 | ▼ 48.8% |
| Fixed assets21/28 | €1,974 | €1,390 | €807 | €426 | €1,667 | ▲ 291% |
| Tangible fixed assets22/27 | €1,974 | €1,390 | €807 | €426 | €1,667 | ▲ 291% |
| Plant, machinery and equipment23 | - | - | - | - | €1,606 | - |
| Furniture and vehicles24 | - | €1,390 | €807 | €426 | €62 | ▼ 85.5% |
| Current assets29/58 | €29,608 | €63,208 | €96,232 | €138,457 | €69,473 | ▼ 49.8% |
| Amounts receivable after more than one year29 | - | €7,000 | €0 | - | - | - |
| Other amounts receivable291 | - | €7,000 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €74 | €16,232 | €61,724 | €29,484 | €16,758 | ▼ 43.2% |
| Trade receivables40 | - | €15,790 | €46,224 | €26,066 | €13,708 | ▼ 47.4% |
| Other amounts receivable41 | - | €442 | €15,500 | €3,418 | €3,050 | ▼ 10.8% |
| Cash at bank and in hand54/58 | €21,122 | €39,976 | €33,776 | €108,191 | €51,912 | ▼ 52.0% |
| Deferred charges and accrued income490/1 | - | - | €732 | €782 | €803 | ▲ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,583 | €64,599 | €97,039 | €138,883 | €71,140 | ▼ 48.8% |
| Equity10/15 | €17,678 | €43,102 | €68,451 | €22,032 | €5,000 | ▼ 77.3% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €12,678 | €38,102 | €63,451 | €17,032 | €0 | ▼ 100% |
| Distributable reserves133 | - | €38,102 | €63,451 | €17,032 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €13,905 | €21,496 | €28,588 | €116,851 | €66,140 | ▼ 43.4% |
| Amounts payable within one year42/48 | €9,945 | €16,387 | €28,588 | €116,851 | €65,627 | ▼ 43.8% |
| Trade debts44 | €1,498 | €4,886 | €4,329 | €14,209 | €998 | ▼ 93.0% |
| Suppliers440/4 | - | €4,886 | €4,329 | €14,209 | €998 | ▼ 93.0% |
| Taxes, remuneration and social security45 | - | €10,342 | €22,583 | €11,981 | €8,347 | ▼ 30.3% |
| Taxes450/3 | - | €8,342 | €20,583 | €11,981 | €8,347 | ▼ 30.3% |
| Remuneration and social security454/9 | - | €2,000 | €2,000 | €0 | - | - |
| Other amounts payable47/48 | - | €1,159 | €1,676 | €90,661 | €56,283 | ▼ 37.9% |
| Accrued charges and deferred income492/3 | - | €5,110 | €0 | - | €513 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,478 | €26,224 | €26,148 | €43,581 | €38,479 | ▼ 11.7% |
| + Depreciation and write-downs630 | €1,465 | €584 | €584 | €381 | €479 | ▲ 25.8% |
| Operating cash flow (approximation) | €14,943 | €26,808 | €26,732 | €43,962 | €38,958 | ▼ 11.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1,720 | - |
| Change in cash | - | €18,854 | -€6,200 | €74,415 | -€56,278 | ▼ 176% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €43,581 ▲66.7%
Operating result €58,503, net result €43,581, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Oostende · 1 establishment unit since 2020
Ground area
8,702 m²
Building footprint
404 m²
Volume, LiDAR
2,038 m³
Parcel 35026A0597/00B000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
NORIF
since 20202.297.835.671
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35026A0597/00B000 | Flanders | 8,702 m² | 1 · 404 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 3,287 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0741422666
Also
9925:BE0741422666
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.