NORMANDY
ActiveSummary
The computed 12-month bankruptcy probability of NORMANDY is 8.2% (elevated). The 2018 annual accounts show negative equity (-€61,031) and a net result of -€3,134. Equity is shrinking by about 12% per year across the filed financial years. The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2018, micro format
2019 annual accounts not yet filed, deadline passed on 30 April 2020 Financial year closed on 30 September 2019; filing due at the latest 7 months after the close (Companies Code art. 3:10). 7 financial years without a filing since the last one filed. Source: NBB filings, as of 30 October 2026.
2015 to 2018, 4 financial years 2015 to 2018, 4 financial years
The operating result stays negative: a loss of €2,789 in 2018 against €6,631 in 2017; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
| Line | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,514 | €2,514 | €514 | €964 | ▲ 87.5% |
| Gross operating margin9900 | -€12,660 | -€6,556 | -€5,519 | -€1,328 | ▲ 75.9% |
| Operating profit (loss)9901 | -€16,303 | -€10,407 | -€6,631 | -€2,789 | ▲ 57.9% |
| Recurring financial income75 | - | - | €27 | - | - |
| Recurring financial charges65 | €50 | €164 | €56 | €345 | ▲ 512% |
| Profit (loss) for the period before taxes9903 | -€16,353 | -€10,571 | -€6,660 | -€3,134 | ▲ 52.9% |
| Profit (loss) for the period9904 | -€16,353 | -€10,571 | -€6,660 | -€3,134 | ▲ 52.9% |
| Profit (loss) for the period to be appropriated9905 | -€16,353 | -€10,571 | -€6,660 | -€3,134 | ▲ 52.9% |
| Line | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €14,432 | €19,611 | €9,912 | €10,110 | ▲ 2.0% |
| Fixed assets21/28 | €9,594 | €7,080 | €6,566 | €6,951 | ▲ 5.9% |
| Intangible fixed assets21 | €2,000 | - | - | - | - |
| Tangible fixed assets22/27 | €2,056 | €1,542 | €1,028 | €1,413 | ▲ 37.5% |
| Financial fixed assets28 | €5,538 | €5,538 | €5,538 | €5,538 | = |
| Current assets29/58 | €4,838 | €12,531 | €3,346 | €3,159 | ▼ 5.6% |
| Amounts receivable within one year40/41 | €3,609 | €3,614 | €1,006 | €2,702 | ▲ 169% |
| Cash at bank and in hand54/58 | €1,229 | €8,917 | €2,091 | €457 | ▼ 78.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €14,432 | €19,611 | €9,912 | €10,110 | ▲ 2.0% |
| Equity10/15 | -€40,666 | -€51,237 | -€57,897 | -€61,031 | ▼ 5.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €162 | €162 | €162 | €162 | = |
| Profit (loss) carried forward14 | -€59,427 | -€69,999 | -€76,658 | -€79,793 | ▼ 4.1% |
| Amounts payable17/49 | €55,098 | €70,848 | €67,809 | €71,141 | ▲ 4.9% |
| Amounts payable within one year42/48 | €55,098 | €70,848 | €67,809 | €71,141 | ▲ 4.9% |
| Trade debts44 | €3,280 | €8,242 | €1,074 | €2,365 | ▲ 120% |
| Line | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,353 | -€10,571 | -€6,660 | -€3,134 | ▲ 52.9% |
| + Depreciation and write-downs630 | €2,514 | €2,514 | €514 | €964 | ▲ 87.5% |
| Operating cash flow (approximation) | -€13,839 | -€8,057 | -€6,146 | -€2,171 | ▲ 64.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,349 | - |
| Change in cash | - | €7,688 | -€6,826 | -€1,634 | ▲ 76.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2018 | micro format | 22-03-2019 | 2019-07400331 |
| 30-09-2017 | micro format | 14-06-2018 | 2018-18400195 |
| 30-09-2016 | full format | 24-03-2017 | 2017-07200266 |
| 30-09-2015 | full format | 31-03-2016 | 2016-08000258 |
| 30-09-2013 | full format | 24-04-2014 | 2014-10200211 |
| 30-09-2012 | full format | 15-05-2013 | 2013-12200236 |
| 30-09-2011 | full format | 28-04-2012 | 2012-10800237 |
| 30-09-2010 | full format | 29-04-2011 | 2011-09700091 |
| 30-09-2009 | full format | 28-04-2010 | 2010-10400435 |
| 30-09-2008 | full format | 25-04-2009 | 2009-12300397 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.