NORTECH GROUP
ActiveFrom the official registers: KBO 10 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
NORTECH GROUP has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,537 and a net result of €18,964. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 34,855 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Overview
Official details
KBO- Status
- Active since 13-01-2016 Normal situation
- Legal form
- Private limited company
- Registered office
- Kersbeeklaan 308, 1180 Ukkel
- Activity
- General electrical installation work NACE 43211and 3 others
- Establishment unit
- 2.287.241.984 1932 Zaventem, since 25-04-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 04-04-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 1.5%
- Gross margin
- €62,100
- Turnover
- ≈ €230,000
- estimated
- Profit
- €18,964
- Equity
- €10,537
- Total assets
- €244,560
- ▲ 64×
- Staff
- 1.8 FTE
Why 63raises riskLast filed accounts filed 61 days late; 2 of the last 3 lateEquity €10,537 (4.3% of total assets)Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 0.94, cash €53,228Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 10% on solvency, 16% on liquidity, 26% on profitability and 96% on growth.
The bankruptcy probability was computed on 31-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 35 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed late (61 days) Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00536230.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 30-09-2026
- Format
- micro format
- Reference
- 2026-00536230
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €32,874 after a loss of €3,187 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,325 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 95.2% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,325 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €394 | €1,968 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €20,207 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,918 | €3,962 | €4,454 | €4,082 | €8,376 | - | - | €8,021 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €384 | - | - | - |
| Other operating charges640/8 | - | - | - | €2,631 | €1,331 | €1,237 | €862 | €998 | ▲ 15.8% |
| Non-recurring operating charges66A | - | - | - | €780 | €305 | €930 | - | - | - |
| Gross operating margin9900 | -€5,225 | €25,248 | €12,366 | -€24,193 | €8,042 | €25,065 | -€2,326 | €62,100 | - |
| Operating profit (loss)9901 | -€8,750 | €15,237 | €6,728 | -€31,687 | -€1,969 | €22,514 | -€3,187 | €32,874 | - |
| Financial income75/76B | - | - | - | €3 | €0 | €32 | €0 | €0 | ▼ 80.0% |
| Recurring financial income75 | €2 | €143 | €4 | €3 | €0 | €32 | €0 | €0 | ▼ 80.0% |
| Financial charges65/66B | - | - | - | €3,989 | €4,293 | €1,740 | €1,124 | €12,996 | ▲ 12× |
| Recurring financial charges65 | €147 | €564 | €784 | €3,989 | €4,293 | €1,740 | €1,124 | €12,996 | ▲ 12× |
| Profit (loss) for the period before taxes9903 | -€8,895 | €14,816 | €5,949 | -€35,673 | -€6,262 | €20,807 | -€4,312 | €19,878 | - |
| Income taxes67/77 | - | €2,336 | €1,842 | €1,525 | -€1,191 | €156 | €72 | €914 | ▲ 13× |
| Profit (loss) for the period9904 | -€8,895 | €12,481 | €4,107 | -€37,198 | -€5,070 | €20,651 | -€4,384 | €18,964 | - |
| Profit (loss) for the period to be appropriated9905 | -€8,895 | €12,481 | €4,107 | -€37,198 | -€5,070 | €20,651 | -€4,384 | €18,964 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €21,158 | €45,530 | €68,615 | €62,307 | €41,152 | €18,808 | €3,798 | €244,560 | ▲ 64× |
| Fixed assets21/28 | €5,169 | €11,961 | €9,907 | €27,835 | €14,570 | - | - | €23,764 | - |
| Tangible fixed assets22/27 | €4,449 | €10,441 | €8,387 | €27,035 | €14,570 | - | - | €22,924 | - |
| Furniture and vehicles24 | - | - | - | €22,946 | €14,570 | - | - | €22,924 | - |
| Leasing and similar rights25 | - | - | - | €4,089 | - | - | - | - | - |
| Financial fixed assets28 | €720 | €1,520 | €1,520 | €800 | - | - | - | €840 | - |
| Current assets29/58 | €15,989 | €33,569 | €58,708 | €34,472 | €26,582 | €18,808 | €3,798 | €220,797 | ▲ 58× |
| Amounts receivable within one year40/41 | €9,371 | €20,700 | €50,302 | €24,359 | €18,339 | €639 | €3,691 | €162,892 | ▲ 44× |
| Trade receivables40 | - | - | - | €17,885 | €14,293 | €639 | €2,761 | €132,569 | ▲ 48× |
| Other amounts receivable41 | - | - | - | €6,474 | €4,047 | - | €930 | €30,322 | ▲ 33× |
| Cash at bank and in hand54/58 | €493 | €10,530 | €4,744 | €7,581 | €6,980 | €17,777 | €107 | €53,228 | ▲ 496× |
| Deferred charges and accrued income490/1 | - | - | - | €2,532 | €1,262 | €392 | - | €4,677 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €21,158 | €45,530 | €68,615 | €62,307 | €41,152 | €18,808 | €3,798 | €244,560 | ▲ 64× |
| Equity10/15 | €987 | €13,468 | €17,575 | -€19,623 | -€24,694 | -€4,043 | -€8,427 | €10,537 | - |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €184 | €7,260 | €11,260 | €11,260 | €11,260 | €11,260 | €11,260 | €11,260 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €9,400 | €9,400 | €9,400 | €11,260 | €11,260 | = |
| Profit (loss) carried forward14 | -€5,397 | €8 | €115 | -€37,083 | -€42,154 | -€21,503 | -€25,887 | -€6,923 | ▲ 73.3% |
| Amounts payable17/49 | €20,171 | €32,062 | €51,041 | €81,930 | €65,845 | €22,851 | €12,225 | €234,024 | ▲ 19× |
| Amounts payable after more than one year17 | - | €5,918 | €4,133 | €22,489 | €15,592 | €10,587 | - | - | - |
| Financial debts170/4 | - | - | - | €22,489 | €15,592 | €10,587 | - | - | - |
| Amounts payable within one year42/48 | €20,171 | €26,131 | €46,907 | €59,342 | €49,301 | €11,729 | €11,838 | €233,907 | ▲ 20× |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,293 | €6,897 | €5,005 | - | - | - |
| Trade debts44 | €9,123 | €15,531 | €28,963 | €19,376 | €13,996 | €1,234 | €4,763 | €213,066 | ▲ 45× |
| Suppliers440/4 | - | - | - | €19,376 | €13,996 | €1,234 | €4,763 | €213,066 | ▲ 45× |
| Taxes, remuneration and social security45 | - | - | - | €27,573 | €23,512 | €564 | €156 | €13,047 | ▲ 84× |
| Taxes450/3 | - | - | - | €5,347 | €1,359 | €564 | €156 | €1,953 | ▲ 13× |
| Remuneration and social security454/9 | - | - | - | €22,226 | €22,153 | - | - | €11,095 | - |
| Other amounts payable47/48 | - | - | - | €6,100 | €4,897 | €4,927 | €6,919 | €7,793 | ▲ 12.6% |
| Accrued charges and deferred income492/3 | - | - | - | €100 | €952 | €535 | €387 | €117 | ▼ 69.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,895 | €12,481 | €4,107 | -€37,198 | -€5,070 | €20,651 | -€4,384 | €18,964 | - |
| + Depreciation and write-downs630 | €2,918 | €3,962 | €4,454 | €4,082 | €8,376 | - | - | €8,021 | - |
| Operating cash flow (approximation) | -€5,977 | €16,443 | €8,561 | -€33,116 | €3,306 | €20,651 | -€4,384 | €26,985 | - |
| Investment in fixed assets (approximation) | - | -€10,754 | -€2,400 | -€22,010 | €4,889 | - | - | - | - |
| Change in cash | - | €10,036 | -€5,786 | €2,837 | -€601 | €10,797 | -€17,670 | €53,121 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00536230 | NBB |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00455157 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00402021 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00434331 | |
| 31-12-2021 | micro format | 01-09-2022 | 2022-20406197 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-63300435 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-49900318 | |
| 31-12-2018 | micro format | 16-10-2019 | 2019-70800569 | |
| 31-12-2017 | micro format | 16-10-2018 | 2018-69500325 | |
| 31-12-2016 | micro format | 26-09-2017 | 2017-63800565 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| FONSECA BRANCO Diogo |
|
| DE SOUSA MARQUES Cristiano Miguel |
|
| PINTO GASPAR Pedro André |
|
How the board is organised
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, organe d'administration”“Fixe ou proportionnelle, portée aux frais généraux indépendamment des frais éventuels de représentation,voyages et déplacements”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, assemblée générale”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments”
Articles of association, deed of 24-01-2025 (in French)
Owners and capital
Capital and shareholders
- 24-01-2025 Capital stated in the deed · 100 shares
- 25-10-2024 Converted to unavailable equity
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, titulaires peuvent prendre connaissance du registre relatif à leurs titres”
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié à charge du cédant et moitié à charge du ou des acquéreurs proportionnellement au nombre d'actions acquises s'ils sont plusieurs…”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 24-01-2025 (in French)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
24-01
Gazette deed
Amendment of the articlesName change · Capital3 facts ▸
- General meeting, 02-10-2024
- Name change, NORTECH GROUР
- Capital
25-10
Gazette deed
Resignations: DE SOUSA MARQUES Cristiano Miguel (director) and PINTO GASPAR Pedro André (director)Appointment: FONSECA BRANCO Diogo (director) · Capital conversion · Reserve release15 facts ▸
- General meeting, 02-10-2024
- Other provision, “onderwerping aan WVV, Eerste besluit” (deed in French)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in French)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in French)
- Registered-office move, 1180 Ukkel,Kersbeeklaan 308
- Name change, NORTECH GROUP
- Amendment of the articles
- Director resignation, DE SOUSA MARQUES Cristiano Miguel (director)
- Director resignation, PINTO GASPAR Pedro André (director)
- Director discharge, DE SOUSA MARQUES Cristiano Miguel
- Director discharge, PINTO GASPAR Pedro André
- Director appointment, FONSECA BRANCO Diogo (director)
- +3 further facts in this act
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0645.910.132
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- NORTECH GROUР
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, établir par simple décision de l'organe d'administration des sièges administratifs,agences,ateliers,dépôts et…”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Tuesday of June at 18:00
Articles of association, deed of 24-01-2025 (in French)
Recognitions · licences · registrations
Recognised contractor
2 categories- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
- P2 Electrical and electromechanical installations of structures and industry, outdoor installationsclass 1, up to €162,000
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23078A0367/00E000 | Flanders | 4,468 m² | 1 · 1,368 m² | 20.0 m · 5 |
| 21616G0030/00T016 | Brussels | 342 m² | 1 · 99 m² | 13.8 m · 3 |