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NORO PROJECT

Active
Private limited company·Ontwikkeling van niet-residentiële bouwprojecten· 3 yrs active
Rue du Long-Sart(BN) 76 ·5021 Namur, Belgium
BE 0798.325.935
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Full dossier in preparation

Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age3 yrs
Real estate1 parcel · 6,584 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of NORO PROJECT is 1.5% (low). The 2024 annual accounts show negative equity (€-62k) and a net result of €-9k. Its solvency ranks better than 9% of 4932 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.5% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

3 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events
No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-9k+85.0%
Working capital€-92k-20.5%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 10-07-2025 with the NBB · fiscal year 2024 · micro
€-60k€-40k€-20k€0Operating result 2023: €-51k€-51kNet result 2023: €-58k€-58kOperating result 2024: €2k€2kNet result 2024: €-9k€-9k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -20.1% 16.7%
better than 9% of 4932 sector peers
Net result €-9k €2k
better than 28% of 4923 sector peers
Equity €-62k €27k
better than 8% of 4935 sector peers
Gross operating margin €18k €27k
better than 42% of 4917 sector peers
Total assets €306k €302k
better than 50% of 4934 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€13k
+255.4% -89% vs sector
Net profit
€-9k
+85.0% far below sector median
Cash flow
€2k
- -93% vs sector
Total assets
€306k
-4.0% -63% vs sector
Equity
€-62k
-16.4% far below sector median
Working capital
€-92k
-20.5% far below sector median
Debt
€368k
-1.1% -49% vs sector
Debt ≤ 1y
€95k
+17.1% -59% vs sector
Debt > 1y
€273k
-6.2% -93% vs sector
Current ratio
0.03
-45.5% -98% vs sector
Quick ratio
0.03
-45.5% -98% vs sector
Solvency
-20.1%
-21.3% far below sector median
Debt / equity
-5.97
+15.1% far below sector median
ROE
14.1%
-87.1% -60% vs sector
ROA
-2.8%
+84.4% far below sector median
Interest coverage
1.23
+130.9% -15% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€13k
Net profit€-9k
Cash flow€2k
Staff costs-
Income taxes-
Dividends-
Total assets€306k
Equity€-62k
Debt€368k
of which ≤ 1y€95k
of which > 1y€273k
Working capital€-92k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.03
Quick ratio0.03
Working capital ratio-30.0%
Solvency-20.1%
Debt / equity-5.97
Long-term debt ratio-4.43
Interest coverage1.23
Gross margin-
Net margin-
ROA-2.8%
ROE14.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€306k
Fixed assets 21/28€302k
Formation expenses 20€857
Tangible fixed assets 22/27€302k
Current assets 29/58€3k
Cash & bank 54/58€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€306k
Equity 10/15€-62k
Contributions / capital 10/11€5k
Accumulated profits (losses) 14€-67k
Amounts payable 17/49€368k
Amounts payable after one year 17€273k
Amounts payable within one year 42/48€95k
Trade debts payable within one year 44€4k
Income statement
Gross operating margin 9900€18k
Operating result 9901€2k
Financial charges 65€11k
Result before taxes 9903€-9k
Net result for the period 9904€-9k
Result to be appropriated 9905€-9k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
15 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
seat.Municipality exact location from the address register

Establishment units

1 location
NORO PROJECT
Rue du Long-Sart(BN) 76, 5021 NamurOntwikkeling van residentiële bouwprojecten
since 20232.341.731.438
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area6,584 m²
Buildings1
Building footprint111 m²
Volume (LiDAR)382 m³
Tallest building4.9 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92017C0078/00Y007 Wallonia 6,584 m² 1 · 111 m² 4.9 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Analysis

Snowflake analysis

financial profile on 5 axes
Health15Profitability70Solvency33Growth58Stability94
54 / 100

Mixed profile: strong on stability, weaker on health.

Health 15
Profitability 70
Solvency 33
Growth 58
Stability 94

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van niet-residentiële bouwprojecten68122Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121
Primary activity highlighted.
Names & trade names
Legal nameFR NORO PROJECT
Registered office
Rue du Long-Sart(BN) 76
5021 Namur, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.