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NORMANDY ESTATE

Active
Public limited companyfounded 1993active for 33 yearsLouizalaan 203, 1050 Elsene, BelgiumKBO/BCE: BE 0451.310.415
Summary

The computed 12-month bankruptcy probability of NORMANDY ESTATE is 3.6% (moderate). The 2024 annual accounts show negative equity (-€52,675) and a net result of -€53,411. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 19% of 25,563 sector peers (NACE 47, financial year 2024). The company has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 27-10-1993 Normal situation
Registered office
26 active companies are registered at this address Source: KBO register, as of 4 November 2026.
Activity
Retail sale of clothing and accessories for women, men, children and babies (general range) NACE 47716and 1 other
Establishment unit
2.064.564.430 1050 Brussel, since 06-12-1993
Financial year end
31 December
Peppol
Not found in the Peppol Directory

Board and ownership

Board
  • Thierry HOLLEBECQDirector · since 12-05-2018
  • SEETHAO JariyaDirector · since 04-11-2019

Financial position

47 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.6%
Annual accounts 2024
Gross margin
-€22,563
Loss
€53,411
Equity
-€52,675
Total assets
€540,732
▼ 4.9%
  • Negative equity on 31-12-2024
  • 2025 accounts not filed, 97 days past the deadline
Score breakdownraises riskLoss of €53,411 (financial year 2024)Negative equity -€52,675Liquidity: current ratio 1.36, cash €3,642lowers riskSize: total assets €540,732Show the evidence

Checked score

Score 2024
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 17% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2023
Weak
Solvency 15-10
equity -9.7% of total assets
Liquidity 39-3
short-term debt 28.7% · cash 0.7%
Profitability 6-94
return on assets -9.9%
Bankruptcy probability within 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,278 companies, NACE 47, micro)
Last 24 months 12-2024: 2.6% 01-2025: 4.7%▲ +2.1 percentage points vs 12-2024 02-2025: 4.6%▼ -0.1 percentage points vs 01-2025 03-2025: 4.7%▲ +0.1 percentage points vs 02-2025highest value 04-2025: 4.2%▼ -0.5 percentage points vs 03-2025 05-2025: 4.2%● unchanged vs 04-2025 06-2025: 2.1%▼ -2.1 percentage points vs 05-2025lowest value 07-2025: 2.5%▲ +0.4 percentage points vs 06-2025 08-2025: 3.2%▲ +0.7 percentage points vs 07-2025 09-2025: 3.6%▲ +0.4 percentage points vs 08-2025 10-2025: 2.8%▼ -0.8 percentage points vs 09-2025 11-2025: 2.8%● unchanged vs 10-2025 12-2025: 2.8%● unchanged vs 11-2025 01-2026: 2.8%● unchanged vs 12-2025 02-2026: 2.9%▲ +0.1 percentage points vs 01-2026 03-2026: 2.9%● unchanged vs 02-2026 04-2026: 3.0%▲ +0.1 percentage points vs 03-2026 05-2026: 2.9%▼ -0.1 percentage points vs 04-2026 06-2026: 2.7%▼ -0.2 percentage points vs 05-2026 07-2026: 2.9%▲ +0.2 percentage points vs 06-2026 08-2026: 3.4%▲ +0.5 percentage points vs 07-2026 09-2026: 3.3%▼ -0.1 percentage points vs 08-2026 10-2026: 3.6%▲ +0.3 percentage points vs 09-2026 11-2026: 3.6%● unchanged vs 10-2026
No credit on open account
Liquidity is tight, with a current ratio of 1.36 (1.71 in 2023), below the usual 1.5. Short-term debt is 28.7% and cash 0.7% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 16% of them on solvency, 37% on liquidity, 15% on profitability and 1% on growth.

The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises risk
raises risk · Loss of €53,411 (financial year 2024)
NBB · annual accounts
lowers risk · Size: total assets €540,732
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€52,675
NBB · annual accounts
raises risk · Liquidity: current ratio 1.36, cash €3,642
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€52,675
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 97 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline05-11-2026 today
raises risk · 2024 accounts filed 58 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
58 days late
2023
280 days late
2022
2 days early
2021
169 days late
2020
153 days late
2019
1201 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 310 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2024 -€52,675 View
  • Caution: From profit to loss in 2024after a profit of €142,962 in 2023 -€53,411 View
  • Caution: Lower net result than 95% of companies in retail tradesector median €4,564 · 25,540 companies -€53,411 View
  • New directorlatest change 04-09-2026 · 2 in office 1 joined View

Recent changes

  1. · Gazette deed Appointment: Thierry HOLLEBECQ (director)Resignation: Thierry HOLLEBECQ (director)
  2. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as NORMANDY ESTATE: retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716). They are comparable in size and age: total assets between €362,000 and €804,000, founded between 1986 and 1999.

CompanyTotal assetsGross margin
NORMANDY ESTATE Elsene€540,732-€22,563
JULIE Ukkel€458,938-€19,422
FLUORESCENCE Elsene€484,806-€63,197
Trinidad Vorst€804,244-€232
WILMOTS Jodoigne€734,699-€57,327
SET SEVEN Braine-l'Alleud€425,062-€41,144
DANIEL GAY - SCARPE DI MODA Tervuren€362,151-€3,162
Full comparison

Key facts about NORMANDY ESTATE

What is the company number of NORMANDY ESTATE?
The company number of NORMANDY ESTATE is 0451.310.415. The VAT number is the same number with BE in front: BE 0451.310.415.
Where is NORMANDY ESTATE based?
The registered office is at Louizalaan 203, 1050 Elsene.Company details
What does NORMANDY ESTATE do?
According to the KBO register, the main activity is retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716).
What is the legal form of NORMANDY ESTATE?
The legal form of NORMANDY ESTATE is Public limited company (NV).
When was NORMANDY ESTATE founded?
NORMANDY ESTATE was founded on 27-10-1993.
Is NORMANDY ESTATE still active?
Yes, NORMANDY ESTATE is an active enterprise in the KBO register.
How many employees does NORMANDY ESTATE have?
NORMANDY ESTATE had an average of 0.9 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
What is the turnover of NORMANDY ESTATE?
The annual accounts for financial year 2024 state no turnover. In financial year 2018 turnover was €516,923.
Is NORMANDY ESTATE profitable?
In financial year 2024, NORMANDY ESTATE made a loss of €53,411.
Where can I find the annual accounts of NORMANDY ESTATE?
NORMANDY ESTATE filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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