NORKA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €251k and a net result of €27k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 60% of 5511 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
25 d early
2023
50 d early
2022
54 d early
2021
3 d early
2020
39 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€251k▲ 0.6%
2024 · €249k
2019: €219k
2020: €253k
2021: €279k
2022: €228k
2023: €243k
2024: €249k
2019 → 2025
Net result
€27k▼ 11.3%
2024 · €31k
2019: €26k
2020: €34k
2021: €60k
2022: €30k
2023: €35k
2024: €31k
2019 → 2025
Total assets
€402k▲ 26.6%
2024 · €318k
2019: €303k
2020: €333k
2021: €347k
2022: €305k
2023: €275k
2024: €318k
2019 → 2025
Solvency
62.3%▼ 16.1pp
2024 · 78.4%
2019: 72.2%
2020: 76.0%
2021: 80.4%
2022: 74.9%
2023: 88.3%
2024: 78.4%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€279k-€228k▼ 18.2%€243k▲ 6.4%€249k▲ 2.5%€251k▲ 0.6%
Operating result€11k-€-5k€-11k▼ 120%€-16k▼ 39.7%€-21k▼ 32.2%
Net result€60k-€30k▼ 49.5%€35k▲ 15.0%€31k▼ 10.7%€27k▼ 11.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2025 against €16k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €402k
Fixed assets
€275k▲ 80.6%
Current assets
€127k▼ 23.2%
Equity and liabilities €402k
Equity
€251k▲ 0.6%
Debt
€151k▲ 121%
The debt ratio rises from 21.6% to 37.7%. Equity and debt are higher.
Key figures and ratios
Solvency
62.3%▼
2024 · 78.4%
ROE
11.0%▼
2024 · 12.4%
ROA
6.8%▼
2024 · 9.7%
Debt
€151k▲
2024 · €68k
Debt ≤ 1 year
€43k▲
2024 · €23k
Debt > 1 year
€109k▲
2024 · €46k
Income taxes
€-737▼
2024 · €3k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€318k€402k▲
Fixed assets21/28€152k€275k▲
Tangible fixed assets22/27€85k€67k▼
Land and buildings22€13k€12k▼
Furniture and vehicles24€62k€51k▼
Leasing and similar rights25€10k€4k▼
Financial fixed assets28€67k€208k▲
Current assets29/58€165k€127k▼
Amounts receivable within one year40/41€15k€40k▲
Trade receivables40€2-
Other amounts receivable41€15k€40k▲
Current investments50/53€62k€62k=
Cash at bank and in hand54/58€84k€20k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€318k€402k▲
Equity10/15€249k€251k▲
Contributions10/11€12k€12k=
Reserves13€237k€238k▲
Distributable reserves133€237k€238k▲
Amounts payable17/49€68k€151k▲
Amounts payable after more than one year17€46k€109k▲
Financial debts170/4€46k€109k▲
Amounts payable within one year42/48€23k€43k▲
Current portion of amounts payable after more than one year42€16k€34k▲
Trade debts44€435€5k▲
Suppliers440/4€435€5k▲
Taxes, remuneration and social security45€2k€2k=
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€4k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€21k▲
Other operating charges640/8€2k€5k▲
Gross operating margin9900€-1k€5k▲
Operating profit (loss)9901€-16k€-21k▼
Financial income75/76B€52k€52k▼
Recurring financial income75€36k€52k▲
Non-recurring financial income76B€16k-
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€34k€27k▼
Income taxes67/77€3k€-737▼
Profit (loss) for the period9904€31k€27k▼
Profit (loss) for the period to be appropriated9905€31k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€27k▼
Transfer from equity791/2€25k€26k▲
Transfer to equity691/2€31k€27k▼
To other reserves6921€31k€27k▼
Profit to be distributed694/7€25k€26k▲
Return on contributions (dividend)694€25k€26k▲
The notes to these accounts (9 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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Liquidity times 6current ratio 8.44
Current ratio from 1.40 to 8.44; short-term debt falls from €58k to €23k.
2022
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €60k ▲75.3%
Operating result €11k, net result €60k, both a record.
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kortrijk · 1 establishment unit since 2007
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.
Draaiweg(Aal) 128511 KortrijkGround area
1,423 m²
Building footprint
395 m²
Volume, LiDAR
2,131 m³
2 parcels, Flanders · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
NORKA
since 20072.164.914.690
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34001B0544/00S000 | Flanders | 1,310 m² | 1 · 305 m² | 16.1 m · 1 fl. |
| 34022G0192/00Y002 | Flanders | 112 m² | 1 · 90 m² | 16.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 13,654 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-08-2007
Fiscal year end30-06
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.