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NORLIGHT

Active
Private limited companyfounded 20224 yrs activeVandenboogaerdestraat 84, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0790.286.219
Summary

The computed 12-month bankruptcy probability of NORLIGHT is 4.0% (moderate). The 2025 annual accounts show equity of €28,151 and a net result of €20,431. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 28184 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency83▲+19
Growth52▲+30
Track record94
Bankruptcy probability, 12 months
4.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.17 against 1.28 in 2024; short-term debt: 42.4% and cash: 49.2% of total assets), and 42.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
57.6%
Return on assets
41.8%
Age of the figures
9 mo
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 09-07-2026, 22 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
22 d early
2024
43 d early
2023
29 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 31 August 2022, NORLIGHT was incorporated as a Private limited company.1 Total assets went from EUR 24,389 in 2023 to EUR 48,900 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
€84,251▼ 18.9%
2023 · €103,894
EBIT margin
-14.4%▼ 20.4pp
2023 · 6.0%
Net result
€20,431
2024 · -€12,130
Working capital
€24,302▲ 609%
2024 · €3,425
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Turnover€103,894-€84,251▼ 18.9%
Operating result€6,238--€12,091€23,890
Net result€4,850--€12,130€20,431
EBIT margin6.0%--14.4%▼ 20.4pp
Equity€19,850-€7,720▼ 61.1%€28,151▲ 265%
Total assets€24,389-€19,965▼ 18.1%€48,900▲ 145%
Debt€4,539-€12,245▲ 170%€20,749▲ 69.4%
Working capital€15,110-€3,425▼ 77.3%€24,302▲ 609%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2023: €6,238€6,238Net result 2023: €4,850€4,850Operating result 2024: -€12,091-€12,091Net result 2024: -€12,130-€12,130Operating result 2025: €23,890€23,890Net result 2025: €20,431€20,431202320242025-€20,000-€10,000€0€10,000€20,000Operating result 2023: €6,238€6,240Net result 2023: €4,850€4,850Operating result 2024: -€12,091-€12,100Net result 2024: -€12,130-€12,100Operating result 2025: €23,890€23,900Net result 2025: €20,431€20,400202320242025
The operating result returns to profit in 2025: €23,890 after a loss of €12,091 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48,900
Fixed assets €3,849 ▼ 10.4%
Current assets €45,051 ▲ 187%
Equity and liabilities €48,900
Equity €28,151 ▲ 265%
Debt €20,749 ▲ 69.4%
Debt's share of the balance-sheet total falls from 61.3% to 42.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€24,335▲
2024 · -€11,646
Cash flow
€20,876▲
2024 · -€11,685
Current ratio
2.17▲
2024 · 1.28
Debt to equity
0.74▼
2024 · 1.59
ROE
72.6%▲
2024 · -157.1%
ROA
41.8%▲
2024 · -60.8%
Interest coverage
345.57▲
2024 · -168.71
Debt ≤ 1 year
€20,749▲
2024 · €12,245
Income taxes
€3,388▲
2024 · €1
Staff costs
€278▼
2024 · €5,689
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€19,965€48,900▲
Fixed assets21/28€4,295€3,849▼
Tangible fixed assets22/27€3,932€3,486▼
Plant, machinery and equipment23€3,098€3,098=
Furniture and vehicles24€833€388▼
Financial fixed assets28€363€363=
Current assets29/58€15,671€45,051▲
Amounts receivable within one year40/41€11,875€20,386▲
Trade receivables40€8,562€18,064▲
Other amounts receivable41€3,313€2,322▼
Cash at bank and in hand54/58€3,207€24,068▲
Deferred charges and accrued income490/1€589€596▲
Equity and liabilities
Total equity and liabilities10/49€19,965€48,900▲
Equity10/15€7,720€28,151▲
Contributions10/11€15,000€15,000=
Profit (loss) carried forward14-€7,280€13,151▲
Amounts payable17/49€12,245€20,749▲
Amounts payable within one year42/48€12,245€20,749▲
Trade debts44€67€293▲
Suppliers440/4€67€293▲
Taxes, remuneration and social security45€8,600€16,099▲
Taxes450/3€600€3,638▲
Remuneration and social security454/9€8,000€12,461▲
Other amounts payable47/48€3,578€4,357▲
Income statement Code20242025
Turnover70€84,251-
Goods, raw materials, services and sundry goods60/61€89,363-
Remuneration, social security and pensions62€5,689€278▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€445€445=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€5,100
Other operating charges640/8€845€1,435▲
Gross operating margin9900-€5,112€31,149▲
Operating profit (loss)9901-€12,091€23,890▲
Financial income75/76B€31€0▼
Recurring financial income75€31€0▼
Financial charges65/66B€69€70▲
Recurring financial charges65€69€70▲
Profit (loss) for the period before taxes9903-€12,129€23,819▲
Income taxes67/77€1€3,388▲
Profit (loss) for the period9904-€12,130€20,431▲
Profit (loss) for the period to be appropriated9905-€12,130€20,431▲
Appropriation of the result
Profit (loss) to be appropriated9906-€7,280€13,151▲
Profit (loss) brought forward from the previous period14P€4,850-€7,280▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Turnover70€103,894€84,251--
Goods, raw materials, services and sundry goods60/61€90,800€89,363--
Remuneration, social security and pensions62€1,918€5,689€278▼ 95.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57€445€445=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€5,100-
Other operating charges640/8€603€845€1,435▲ 69.9%
Non-recurring operating charges66A€4,277---
Gross operating margin9900€13,094-€5,112€31,149▲ 709%
Operating profit (loss)9901€6,238-€12,091€23,890▲ 298%
Financial income75/76B€0€31€0▼ 99.7%
Recurring financial income75€0€31€0▼ 99.7%
Financial charges65/66B€73€69€70▲ 2.0%
Recurring financial charges65€73€69€70▲ 2.0%
Profit (loss) for the period before taxes9903€6,166-€12,129€23,819▲ 296%
Income taxes67/77€1,316€1€3,388▲ 282,252%
Profit (loss) for the period9904€4,850-€12,130€20,431▲ 268%
Profit (loss) for the period to be appropriated9905€4,850-€12,130€20,431▲ 268%
Line202320242025Change
Assets
Total assets20/58€24,389€19,965€48,900▲ 145%
Fixed assets21/28€4,740€4,295€3,849▼ 10.4%
Tangible fixed assets22/27€4,377€3,932€3,486▼ 11.3%
Plant, machinery and equipment23€3,098€3,098€3,098=
Furniture and vehicles24€1,278€833€388▼ 53.4%
Financial fixed assets28€363€363€363=
Current assets29/58€19,650€15,671€45,051▲ 187%
Amounts receivable within one year40/41€10,104€11,875€20,386▲ 71.7%
Trade receivables40€7,340€8,562€18,064▲ 111%
Other amounts receivable41€2,764€3,313€2,322▼ 29.9%
Cash at bank and in hand54/58€9,546€3,207€24,068▲ 651%
Deferred charges and accrued income490/1-€589€596▲ 1.2%
Equity and liabilities
Total equity and liabilities10/49€24,389€19,965€48,900▲ 145%
Equity10/15€19,850€7,720€28,151▲ 265%
Contributions10/11€15,000€15,000€15,000=
Profit (loss) carried forward14€4,850-€7,280€13,151▲ 281%
Amounts payable17/49€4,539€12,245€20,749▲ 69.4%
Amounts payable within one year42/48€4,539€12,245€20,749▲ 69.4%
Trade debts44€170€67€293▲ 336%
Suppliers440/4€170€67€293▲ 336%
Taxes, remuneration and social security45€2,607€8,600€16,099▲ 87.2%
Taxes450/3€1,916€600€3,638▲ 506%
Remuneration and social security454/9€692€8,000€12,461▲ 55.8%
Other amounts payable47/48€1,762€3,578€4,357▲ 21.8%
Line202320242025Change
Profit (loss) for the period9904€4,850-€12,130€20,431▲ 268%
+ Depreciation and write-downs630€57€445€445=
Operating cash flow (approximation)€4,907-€11,685€20,876▲ 279%
Investment in fixed assets (approximation)-€0€0-
Change in cash--€6,339€20,862▲ 429%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
09-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Back to profitnet €20,431
Net result €20,431 after one loss-making year.
18-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€12,130
Net result drops to -€12,130, the lowest in the series; recovery starts the following year.
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
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, Sint-Jans-Molenbeek · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
88 m²
Building footprint
88 m²
Volume, LiDAR
1,112 m³
Parcel 21012A0074/02Y000, Brussels · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
NORLIGHT
Vandenboogaerdestraat 84, 1080 Sint-Jans-MolenbeekGeneral electrical installation work
since 20222.337.448.887
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21012A0074/02Y000 Brussels 88 m² 1 · 88 m² 14.8 m · 4 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.

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 7,882 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
Founded31-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0790286219
Also 9925:BE0790286219
Registered 05-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.