NORINE
Judicial reorganisationSummary
The file of NORINE contains 2 judicial reorganisation notices, as published in the Belgian State Gazette. The KBO register records for NORINE the legal situation: special situation; this is today's state according to the register itself, which carries no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show negative equity (€-19k) and a net result of €-6k. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 19% of 18280 sector peers (fiscal year 2025).
Checked score
Score 2025
21
/ 100
Critical
The score weighs solvency, liquidity and profitability. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▼-12
Solvency14▼-4
Growth62=
Track record30
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity tight (current ratio 1.49 against 1.78 in 2024; short-term debt: 50% and cash: 0.7% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-19k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-11-2025, 155 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
155 d early
2024
28 d early
2023
34 d early
2022
2 d early
2021
11 d late
2020
37 d early
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€590k▼ 0.3%
2018 · €592k
2018: €592k
2018 → 2019
EBIT margin
2.4%▲ 2.9pp
2018 · -0.5%
2018: -0.5%
2018 → 2019
Net result
€-6k
2024 · €5k
2018: €-37k
2019: €-7k
2020: €39k
2021: €38k
2022: €-24k
2023: €1k
2024: €5k
2018 → 2025
Working capital
€43k▼ 32.5%
2024 · €64k
2018: €-113k
2019: €-115k
2020: €-92k
2021: €46k
2022: €72k
2023: €52k
2024: €64k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-15k-€-40k▼ 161%€-38k▲ 2.8%€-13k▲ 66.7%€-19k▼ 50.2%
Operating result€177k-€885▼ 99.5%€22k▲ 2,367%€22k▲ 1.5%€16k▼ 25.7%
Net result€38k-€-24k€1k€5k▲ 316%€-6k
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 2025; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177k
Fixed assets
€45k ▼ 8.6%
Current assets
€131k ▼ 9.6%
Key figures and ratios
EBITDA
€21k▼
2024 · €27k
Cash flow
€-2k▼
2024 · €10k
Solvency
-10.9%▼
2024 · -6.6%
Current ratio
1.49▼
2024 · 1.78
Quick ratio
1.45▲
2024 · 1.43
Debt to equity
-7.65▲
2024 · -12.41
ROA
-3.6%▼
2024 · 2.4%
Interest coverage
0.99▼
2024 · 1.43
Debt
€147k▼
2024 · €159k
Debt ≤ 1 year
€88k▲
2024 · €82k
Debt > 1 year
€59k▼
2024 · €77k
Income taxes
€2k▲
2024 · €-2k
Staff costs
€15k▼
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€195k€177k▼
Fixed assets21/28€50k€45k▼
Tangible fixed assets22/27€48k€44k▼
Land and buildings22€34k€33k▼
Plant, machinery and equipment23€13k€11k▼
Furniture and vehicles24€815€300▼
Financial fixed assets28€2k€2k=
Current assets29/58€145k€131k▼
Stocks and contracts in progress3€28k€4k▼
Stocks30/36€28k€4k▼
Amounts receivable within one year40/41€116k€126k▲
Trade receivables40€44k€46k▲
Other amounts receivable41€72k€81k▲
Cash at bank and in hand54/58€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€195k€177k▼
Equity10/15€-13k€-19k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-33k€-40k▼
Provisions and deferred taxes16€49k€49k=
Provisions for liabilities and charges160/5€49k€49k=
Other liabilities and charges164/5€49k€49k=
Amounts payable17/49€159k€147k▼
Amounts payable after more than one year17€77k€59k▼
Financial debts170/4€77k€59k▼
Amounts payable within one year42/48€82k€88k▲
Current portion of amounts payable after more than one year42€27k€29k▲
Financial debts43€50k€50k▼
Credit institutions430/8€50k€50k▼
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€854€5k▲
Taxes450/3€854€4k▲
Remuneration and social security454/9-€1k
Income statement
Code20242025
Remuneration, social security and pensions62€17k€15k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€107€923▲
Gross operating margin9900€44k€37k▼
Operating profit (loss)9901€22k€16k▼
Financial income75/76B€4€0▼
Recurring financial income75€4€0▼
Financial charges65/66B€19k€21k▲
Recurring financial charges65€19k€21k▲
Profit (loss) for the period before taxes9903€3k€-4k▼
Income taxes67/77€-2k€2k▲
Profit (loss) for the period9904€5k€-6k▼
Profit (loss) for the period to be appropriated9905€5k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-54k€-40k▲
Profit (loss) brought forward from the previous period14P€-59k€-33k▲
Shareholders' contribution to the loss794€21k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-09
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · court-supervised transfer · event 16-09-2026
26-05
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · court-supervised transfer · event 13-05-2026
2025
26-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
30-09
Financial
Liquidity times 5current ratio 1.66
Current ratio from 0.37 to 1.66; short-term debt falls from €145k to €69k.
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €39k
Net result €39k after 2 loss-making years.
06-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
16-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are 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, Brunehaut · 1 establishment unit since 2003
Ground area
582 m²
Building footprint
57 m²
Volume, LiDAR
468 m³
Parcel 57039C0612/00K002, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NORINE SPRL
since 20032.133.987.726
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57039C0612/00K002 | Wallonia | 582 m² | 1 · 57 m² | 10.5 m · 3 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrunehaut2.133.987.726
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Lens (Hainaut)
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,404 companies in sector 47241 we hold annual accounts for 1,101. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-11-2000
Fiscal year end30-09
Activities, NACEBEL 2025
47241Retail sale of bread and pastry (bakery outlets)
47400Retail sale of information and communication equipment
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.