NORMA GREEN
ActiveNORMA GREEN has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €373k and a net result of €19k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 85% of 111 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 8.4 against 5.17 in 2024; short-term debt: 11.5% and cash: 83.6% of total assets), and 11.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Sector 20
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.5%
Return on assets
4.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
29 d late
2024
31 d late
2023
31 d late
2022
14 d late
2021
18 d late
2020
2 d late
2019
38 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€373k▲ 5.5%
2024 · €354k
2019: €65k
2020: €183k
2021: €267k
2022: €298k
2023: €323k
2024: €354k
2019 → 2025
Total assets
€422k▼ 2.8%
2024 · €434k
2019: €140k
2020: €284k
2021: €363k
2022: €390k
2023: €407k
2024: €434k
2019 → 2025
Net result
€19k▼ 37.6%
2024 · €31k
2019: €47k
2020: €117k
2021: €84k
2022: €31k
2023: €25k
2024: €31k
2019 → 2025
Working capital
€358k▲ 8.1%
2024 · €331k
2019: €57k
2020: €169k
2021: €259k
2022: €252k
2023: €288k
2024: €331k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€267k-€298k▲ 11.5%€323k▲ 8.4%€354k▲ 9.7%€373k▲ 5.5%
Operating result€124k-€45k▼ 63.4%€36k▼ 21.4%€50k▲ 39.8%€27k▼ 45.7%
Net result€84k-€31k▼ 63.7%€25k▼ 18.9%€31k▲ 25.1%€19k▼ 37.6%
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 falls in 2025; 2025 is 46% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €422k
Fixed assets
€16k▼ 34.1%
Current assets
€406k▼ 1.0%
Equity and liabilities €422k
Equity
€373k▲ 5.5%
Debt
€48k▼ 39.6%
The debt ratio falls from 18.4% to 11.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▼
2024 · €61k
Cash flow
€29k▼
2024 · €42k
Solvency
88.5%▲
2024 · 81.6%
Current ratio
8.40▲
2024 · 5.17
Quick ratio
8.40▲
2024 · 5.17
Debt / equity
0.13▼
2024 · 0.23
ROE
5.2%▼
2024 · 8.8%
ROA
4.6%▼
2024 · 7.2%
Interest coverage
172.58▼
2024 · 291.19
Debt
€48k▼
2024 · €80k
Debt ≤ 1 year
€48k▼
2024 · €79k
Income taxes
€10k▼
2024 · €22k
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€434k€422k▼
Fixed assets21/28€24k€16k▼
Tangible fixed assets22/27€24k€16k▼
Furniture and vehicles24€23k€16k▼
Other tangible fixed assets26€129-
Current assets29/58€410k€406k▼
Amounts receivable within one year40/41€19k€30k▲
Trade receivables40€15k€27k▲
Other amounts receivable41€4k€3k▼
Current investments50/53€19k€19k=
Cash at bank and in hand54/58€368k€352k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€434k€422k▼
Equity10/15€354k€373k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€335k€355k▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€333k€353k▲
Amounts payable17/49€80k€48k▼
Amounts payable within one year42/48€79k€48k▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€4k€2k▼
Taxes450/3€4k€2k▼
Other amounts payable47/48€74k€44k▼
Accrued charges and deferred income492/3€628-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€9k▼
Other operating charges640/8€387€5k▲
Gross operating margin9900€61k€41k▼
Operating profit (loss)9901€50k€27k▼
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€208€210▲
Recurring financial charges65€208€210▲
Profit (loss) for the period before taxes9903€53k€30k▼
Income taxes67/77€22k€10k▼
Profit (loss) for the period9904€31k€19k▼
Profit (loss) for the period to be appropriated9905€31k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€19k▼
Transfer to equity691/2€31k€19k▼
To other reserves6921€31k€19k▼
The notes to these accounts (4 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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet €19k ▼37.6%
Net result drops to €19k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Equity above €200kEq €267k ▲46.3%
3 profitable years in a row build equity to €267k.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
31-12
Financial
Highest result since 2019net €117k ▲150%
Operating result €172k, net result €117k, both a record.
31-12
Financial
Equity above €150kEq €183k ▲179%
2 profitable years in a row build equity to €183k.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Chaudfontaine · 1 establishment unit since 2019
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.
Bois Manant 94052 ChaudfontaineGround area
1,720 m²
Building footprint
148 m²
Volume, LiDAR
1,254 m³
Parcel 62012D0060/00E002, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NORMA GREEN
since 20192.282.463.349
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012D0060/00E002 | Wallonia | 1,720 m² | 1 · 148 m² | 11.4 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.
Similar companies · same sector, comparable size
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CURADOR
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EYTELIA
BE 0456.542.178
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Parfums de Namur
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CÎME
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Of 243 companies in sector 20420 we hold annual accounts for 94. 52 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-2018
Fiscal year end31-12
Activities, NACEBEL
20420Manufacture of chemicals and chemical products
10890Manufacture of food products
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.