Equity
€59,866 from €161,436 in 2019
Equity fell by 63% in 6 years.
Norro
Lifetime
19 annual accounts with figures on one time axis, 38 filings since 1987peak €64,470 (2024)
€56,639▼ 12.1%
lowest -€58,757 (2022)
€4,203▼ 37.1%
peak €161,436 (2019)
€59,866▲ 7.6%
€1.1m▲ 1.7%
Board6 names since 2020
2 directors and 1 other
Documentsfilings and deeds
30-04-2026on the last day
2025micro format
Gross margin from €64,470 to €56,639Result from €6,677 to €4,203Cash from €4,638 to €7,926
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,217 companies had the same profile as Norro has now. Each dot stands for 4 companies, two years later.
96.0%
were still trading
2.5%
stopped another way
1.5%
went bankrupt
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,217 companies, not a prediction for Norro. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden, Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen · Dendermonde
Environmental permit granted
Verbouwen / Wijzigen Infrastructuur · Dendermonde
Company renamed from BAVI to NORRO
Resignations: (managing director), (director and chair of the board), and · Appointments: (chair of the board) and (director) · “Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het oordeelkundig beheer van…” (deed in Dutch) · General meeting of 27-10-2020 · Gazette deed
First establishment
Brusselsestraat 2, Dendermonde
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Norro Dendermonde | €1.2m | €56,639 | 5.0% | - |
| ASTRA CASA Destelbergen | €1.1m | €60,820 | 96.5% | - |
| G.D.C. Beheer Sint-Niklaas | €1.2m | €49,366 | 74.9% | - |
| DE MEESTER INVEST Ghent | €0.9m | €53,462 | 43.3% | - |
| W.N.D. Antwerp | €1.1m | €53,370 | 97.6% | - |
| VADELS Ganshoren | €1.1m | €55,891 | 61.4% | - |
| IMMO A. BEIRENS De Haan | €1.2m | €63,736 | 60.1% | - |
These companies have the same main activity as Norro: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €936,000 and €1.2m, founded between 1983 and 1990.
Official details
Source: KBO- Status
- Active since 14-05-1987Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 2 others
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 30-09-2023
- Establishment unit
- 2.030.835.1549200 Dendermonde, since 01-06-1987
- Financial year end
- 30 September
- Peppol
- Reachable
Annual accounts to 30-09-2025
- ≈ €73,000estimated
- €1.2m▲ 2.0%
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on Norro
Norro files the micro format. That format states no turnover. The gross margin rose from €25,870 in 2006 to €56,639 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Norro
- What is the company number of Norro?
- The company number of Norro is 0431.169.453. The VAT number is the same number with BE in front: BE 0431.169.453.
- Where is Norro based?
- The registered office is at Brusselsestraat 2, 9200 Dendermonde.Company details
- What does Norro do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of Norro?
- Norro is a public limited company (NV).
- When was Norro founded?
- Norro was founded on 14-05-1987.
- Is Norro still active?
- Yes, Norro is an active enterprise in the KBO register.
- How many employees does Norro have?
- Norro had an average of 0.8 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- Which joint committee does Norro fall under?
- In its 30-09-2023 annual accounts, Norro states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of Norro?
- The turnover in financial year 2025 is ≈ €73,000. This figure is estimated from the gross margin of €56,639 and 45 comparable companies (NACE 682). It probably lies between €63,000 and €94,000.
- Is Norro profitable?
- In financial year 2025, Norro made a profit of €4,203.
- Where can I find the annual accounts of Norro?
- Norro filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Norro due?
- Norro must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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