Norta
ActiveNorta has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19.99M and a net result of €2.21M. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 4119 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▼-5
Solvency100=
Growth74=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 25.6 against 7.55 in 2024), and 3.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 30
Relative position
BE, all sectors
reference
Sector 30
higher
← fewer bankruptcies
more bankruptcies →
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
96.2%
Return on assets
10.6%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
22 d early
2023
29 d early
2022
36 d early
2021
45 d early
2020
153 d early
2019
69 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€22.89M▲ 12.6%
2024 · €20.32M
2018: €11.49M
2019: €12.86M
2020: €20.66M
2021: €23.96M
2022: €24.09M
2023: €18.46M
2024: €20.32M
2018 → 2025
EBIT margin
13.1%▼ 1.1pp
2024 · 14.2%
2018: 13.9%
2019: 11.6%
2020: 15.2%
2021: 19.0%
2022: 18.6%
2023: 12.9%
2024: 14.2%
2018 → 2025
Net result
€2.21M▲ 6.8%
2024 · €2.07M
2018: €1.14M
2019: €1.06M
2020: €2.35M
2021: €3.41M
2022: €3.35M
2023: €1.73M
2024: €2.07M
2018 → 2025
Working capital
€19.19M▲ 4.3%
2024 · €18.39M
2018: €7.65M
2019: €8.67M
2020: €12.42M
2021: €13.26M
2022: €15.25M
2023: €16.26M
2024: €18.39M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€23.96M-€24.09M▲ 0.6%€18.46M▼ 23.4%€20.32M▲ 10.1%€22.89M▲ 12.6%
Equity€12.77M-€14.75M▲ 15.5%€15.71M▲ 6.6%€17.78M▲ 13.2%€19.99M▲ 12.4%
Operating result€4.56M-€4.47M▼ 1.9%€2.38M▼ 46.9%€2.89M▲ 21.8%€3.00M▲ 3.6%
Net result€3.41M-€3.35M▼ 1.7%€1.73M▼ 48.3%€2.07M▲ 19.6%€2.21M▲ 6.8%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20.78M
Fixed assets
€810k▲ 4.9%
Current assets
€19.97M▼ 5.8%
Equity and liabilities €20.78M
Equity
€19.99M▲ 12.4%
Provisions
€0▼ 100%
Debt
€791k▼ 81.1%
The debt ratio falls from 19.1% to 3.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€3.12M▲
2024 · €3.05M
Cash flow
€2.33M▲
2024 · €2.22M
Solvency
96.2%▲
2024 · 80.9%
Current ratio
25.60▲
2024 · 7.55
Quick ratio
13.07▲
2024 · 2.38
Debt / equity
0.04▼
2024 · 0.24
ROE
11.0%▼
2024 · 11.6%
ROA
10.6%▲
2024 · 9.4%
Interest coverage
39.41▲
2024 · 19.82
Debt
€791k▼
2024 · €4.19M
Debt ≤ 1 year
€780k▼
2024 · €2.81M
Income taxes
€738k▲
2024 · €679k
Staff costs
€857k▲
2024 · €800k
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€21.97M€20.78M▼
Fixed assets21/28€773k€810k▲
Intangible fixed assets21€5k€22k▲
Tangible fixed assets22/27€767k€788k▲
Land and buildings22€720k€635k▼
Plant, machinery and equipment23€27k€25k▼
Furniture and vehicles24€20k€128k▲
Financial fixed assets28€500€500=
Other financial fixed assets284/8€500€500=
Amounts receivable and cash guarantees285/8€500€500=
Current assets29/58€21.20M€19.97M▼
Stocks and contracts in progress3€14.51M€9.77M▼
Stocks30/36€14.51M€9.77M▼
Raw materials and consumables30/31€14.05M€8.46M▼
Work in progress32€126k€250k▲
Finished goods33€309k€1.06M▲
Advance payments36€22k-
Amounts receivable within one year40/41€2.01M€3.35M▲
Trade receivables40€2.01M€3.35M▲
Other amounts receivable41€6k€6k=
Cash at bank and in hand54/58€4.65M€6.79M▲
Deferred charges and accrued income490/1€28k€53k▲
Equity and liabilities
Total equity and liabilities10/49€21.97M€20.78M▼
Equity10/15€17.78M€19.99M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€17.72M€19.93M▲
Non-distributable reserves130/1€53k€53k=
Legal reserve130€50k€50k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€26k€26k▼
Distributable reserves133€17.64M€19.85M▲
Provisions and deferred taxes16€155-
Deferred taxes168€155-
Amounts payable17/49€4.19M€791k▼
Amounts payable after more than one year17€1.27M-
Other amounts payable178/9€1.27M-
Amounts payable within one year42/48€2.81M€780k▼
Trade debts44€864k€479k▼
Suppliers440/4€864k€479k▼
Taxes, remuneration and social security45€344k€301k▼
Taxes450/3€287k€241k▼
Remuneration and social security454/9€57k€60k▲
Other amounts payable47/48€1.60M-
Accrued charges and deferred income492/3€111k€11k▼
Income statement
Code20242025
Operating income70/76A€19.72M€23.80M▲
Turnover70€20.32M€22.89M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-607k€877k▲
Other operating income74€3k€7k▲
Non-recurring operating income76A-€18k
Operating charges60/66A€16.83M€20.80M▲
Goods for resale, raw materials and consumables60€13.79M€17.54M▲
Purchases600/8€12.50M€11.95M▼
Change in stocks: decrease (increase)609€1.29M€5.59M▲
Services and other goods61€2.07M€2.20M▲
Remuneration, social security and pensions62€800k€857k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€153k€119k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-52k-
Other operating charges640/8€66k€80k▲
Operating profit (loss)9901€2.89M€3.00M▲
Financial income75/76B€7k€30k▲
Recurring financial income75€7k€30k▲
Other financial income752/9€7k€30k▲
Financial charges65/66B€154k€81k▼
Recurring financial charges65€154k€81k▼
Debt charges650€154k€79k▼
Other financial charges652/9€116€2k▲
Profit (loss) for the period before taxes9903€2.75M€2.95M▲
Transfer from deferred taxes780€155€155=
Income taxes67/77€679k€738k▲
Taxes670/3€679k€738k▲
Profit (loss) for the period9904€2.07M€2.21M▲
Transfer from tax-exempt reserves789€301€301=
Profit (loss) for the period to be appropriated9905€2.07M€2.21M▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.07M€2.21M▲
Transfer to equity691/2€2.07M€2.21M▲
To other reserves6921€2.07M€2.21M▲
Social balance
Average headcount (FTE)908715.716.9▲
The notes to these accounts (45 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
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity triplescurrent ratio 25.60
Current ratio from 7.55 to 25.60; short-term debt falls from €2.81M to €780k.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €3.41M ▲45%
Operating result €4.56M, net result €3.41M, both a record.
28-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €10MEq €11.87M ▲24.7%
3 profitable years in a row build equity to €11.87M.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
31-12
Financial
Weakest financial yearnet €1.06M ▼7%
Net result drops to €1.06M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 9current ratio 84.16
Current ratio from 9.32 to 84.16; short-term debt falls from €920k to €104k.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2017
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
09-11-2017
Jan Van Hemelen: Resigned as Director
09-11-2017
Leontine Mans: Resigned as Director
Location & real-estate footprint
Registered office, Olen · 1 establishment unit since 1956
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.
Stadsestraat 392250 OlenGround area
1.7 ha
Building footprint
9,981 m²
Parcel 13029G0129/00N000, Flanders. Linked by address, not a title deed.
1 establishment unit
Stadsestraat 39, 2250 Olen
since 19562.005.890.912
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029G0129/00N000 | Flanders | 1.6 ha | 1 · 9,981 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300JYXDNU71M7CY11
Similar companies · same sector, comparable size
BELGIAN CYCLING FACTORY
BE 0441.535.783
Beringen · Eq €17.99M
Classified Cycling
BE 0733.606.545
Antwerpen · Eq €14.81M
VDB PARTS
BE 0418.812.049
Sint-Niklaas · Eq €12.88M
LUDO
BE 0400.734.318
Kortenberg · Eq €8.63M
CURANA
BE 0417.773.654
Ardooie · Eq €7.40M
Of 123 companies in sector 30920 we hold annual accounts for 47. 11 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
30920Manufacture of other transport equipment
35420
45402
47830Retail sale of motorcycles and motorcycle parts and accessories
47632Retail sale of bicycles
47785Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.