NORMINVEST
ActiveNORMINVEST has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.38M and a net result of €1k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 79% of 4501 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+2
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 5.85 against 4.5 in 2024; short-term debt: 2% and cash: 0.5% of total assets), and 22.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
77.9%
Return on assets
0.1%
Age of the figures
15 mo
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 31-12-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
71 d early
2023
54 d early
2022
1 d early
2021
181 d early
2020
88 d early
2019
74 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 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1k
2024 · €-18k
2019: €-162
2020: €-348
2021: €23k
2022: €-62k
2023: €40k
2024: €-18k
2019 → 2025
Working capital
€170k▲ 51.4%
2024 · €112k
2021: €64k
2022: €-11k
2023: €73k
2024: €112k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.42M-€1.36M▼ 4.3%€1.40M▲ 2.9%€1.38M▼ 1.3%€1.38M▲ 0.1%
Operating result€31k-€-58k€47k€-11k€11k
Net result€23k-€-62k€40k€-18k€1k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €11k after a loss of €11k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.77M
Fixed assets
€1.56M▼ 5.3%
Current assets
€205k▲ 42.0%
Equity and liabilities €1.77M
Equity
€1.38M▲ 0.1%
Debt
€391k▼ 6.7%
The debt ratio falls from 23.3% to 22.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€99k▲
2024 · €77k
Cash flow
€89k▲
2024 · €70k
Solvency
77.9%▲
2024 · 76.7%
Current ratio
5.85▲
2024 · 4.50
Quick ratio
5.85▲
2024 · 4.50
Debt / equity
0.28▼
2024 · 0.30
ROE
0.1%▲
2024 · -1.3%
ROA
0.1%▲
2024 · -1.0%
Interest coverage
11.69▲
2024 · 9.56
Debt
€391k▼
2024 · €419k
Debt ≤ 1 year
€35k▲
2024 · €32k
Debt > 1 year
€356k▼
2024 · €387k
Income taxes
€4k
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€1.80M€1.77M▼
Fixed assets21/28€1.65M€1.56M▼
Tangible fixed assets22/27€1.65M€1.56M▼
Land and buildings22€1.61M€1.54M▼
Furniture and vehicles24€38k€24k▼
Current assets29/58€144k€205k▲
Amounts receivable within one year40/41€119k€195k▲
Trade receivables40€88k€110k▲
Other amounts receivable41€31k€86k▲
Cash at bank and in hand54/58€24k€9k▼
Deferred charges and accrued income490/1€383-
Equity and liabilities
Total equity and liabilities10/49€1.80M€1.77M▼
Equity10/15€1.38M€1.38M▲
Contributions10/11€1.46M€1.46M=
Capital10€1.46M€1.46M=
Issued capital100€1.46M€1.46M=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€-85k€-84k▲
Amounts payable17/49€419k€391k▼
Amounts payable after more than one year17€387k€356k▼
Financial debts170/4€387k€356k▼
Amounts payable within one year42/48€32k€35k▲
Current portion of amounts payable after more than one year42€31k€34k▲
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€88k=
Other operating charges640/8€9k€9k▼
Gross operating margin9900€86k€108k▲
Operating profit (loss)9901€-11k€11k▲
Financial income75/76B€436€2k▲
Recurring financial income75€436€2k▲
Financial charges65/66B€8k€8k▲
Recurring financial charges65€8k€8k▲
Profit (loss) for the period before taxes9903€-18k€5k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€-18k€1k▲
Profit (loss) for the period to be appropriated9905€-18k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-85k€-84k▲
Profit (loss) brought forward from the previous period14P€-67k€-85k▼
The notes to these accounts (5 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
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
2024
21-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
08-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
30-06
Financial
Liquidity quadruplescurrent ratio 3.26
Current ratio from 0.75 to 3.26; short-term debt falls from €45k to €32k.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Weakest financial yearnet €-62k ▼369%
Net result drops to €-62k, the lowest in the series; recovery starts the following year.
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Back to profitnet €23k
Net result €23k after 2 loss-making years.
30-06
Financial
Equity above €1MEq €1.42M
Equity rises from €-3k to €1.42M.
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
07-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
04-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
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, Namur · 1 establishment unit since 1995
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.
Rue des XIV Bonniers(WD) 95100 NamurGround area
1,123 m²
Building footprint
227 m²
Parcel 92136A0009/00K006, Wallonia. Linked by address, not a title deed.
1 establishment unit
NORMINVEST
since 19952.071.907.726
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92136A0009/00K006 | Wallonia | 1,123 m² | 1 · 227 m² | - |
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
IMMO D & D
BE 0449.194.924
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Dili
BE 0540.918.916
Menen · Eq €1.38M
D.A.S.T.
BE 0449.523.932
Nieuwpoort · Eq €1.38M
DGS-8 Real Estate
BE 0480.130.994
Liège · Eq €1.38M
CORPHI
BE 0872.355.939
Merelbeke-Melle · Eq €1.38M
Of 9,133 companies in sector 68201 we hold annual accounts for 6,762. 4,633 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-06-1995
Fiscal year end30-06
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68121Development of residential building projects
68110Buying and selling of own real estate
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.