NORVIK
ActiveSummary
NORVIK has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €134,309 and a net result of €72,959. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 19% of 6133 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▲+55
Solvency41▲+8
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.38 in 2023; short-term debt: 75.2% and cash: 1.6% of total assets), and 84.4% of the assets are financed with debt.
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Signals
Six 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 6133 sector peers (2024).
NBB · sector comparisonPosition among 6133 sector peers
Solvency
better than 19%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €134,309
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-07-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
4 d early
2023
8 d early
2022
2 d early
2021
1 d early
2020
on the day
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€72,959
2023 · -€32,058
Working capital
-€579,592▼ 69.0%
2023 · -€342,970
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€14,857€45,664€8,570▼ 81.2%-€28,028€75,438
Net result-€22,676below the sector's middle half▼ 335%€14,112within the sector's middle half€5,932below the sector's middle half▼ 58.0%-€32,058below the sector's middle half€72,959within the sector's middle half
Equity€73,364below the sector's middle half▼ 23.6%€87,476below the sector's middle half▲ 19.2%€93,408below the sector's middle half▲ 6.8%€61,350below the sector's middle half▼ 34.3%€134,309below the sector's middle half▲ 119%
Total assets€557,580below the sector's middle half▼ 3.9%€542,579below the sector's middle half▼ 2.7%€597,942below the sector's middle half▲ 10.2%€733,589below the sector's middle half▲ 22.7%€863,394below the sector's middle half▲ 17.7%
Debt€484,216=€433,759▼ 10.4%€484,807▲ 11.8%€654,493▲ 35.0%€713,320▲ 9.0%
Working capital-€180,234below the sector's middle half▼ 15.0%-€233,700below the sector's middle half▼ 29.7%-€301,714below the sector's middle half▼ 29.1%-€342,970below the sector's middle half▼ 13.7%-€579,592below the sector's middle half▼ 69.0%
Solvency13.2%below the sector's middle half▼ 3.4pp16.1%below the sector's middle half▲ 3.0pp15.6%below the sector's middle half▼ 0.5pp8.4%below the sector's middle half▼ 7.3pp15.6%below the sector's middle half▲ 7.2pp
Current ratio0.20below the sector's middle half▼ 0.030.19below the sector's middle half▼ 0.010.16below the sector's middle half▼ 0.030.38below the sector's middle half▲ 0.220.11below the sector's middle half▼ 0.27
Return on assets (ROA)-4.1%below the sector's middle half▼ 3.2pp2.6%within the sector's middle half▲ 6.7pp1.0%within the sector's middle half▼ 1.6pp-4.4%below the sector's middle half▼ 5.4pp8.5%within the sector's middle half▲ 12.8pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €75,438 after a loss of €28,028 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €863,394
Fixed assets
€793,703 ▲ 50.5%
Current assets
€69,691 ▼ 66.2%
Equity and liabilities €863,394
Equity
€134,309 ▲ 119%
Provisions
€15,765 ▼ 11.2%
Debt
€713,320 ▲ 9.0%
Debt's share of the balance-sheet total falls from 89.2% to 82.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€121,750▲
2023 · €7,393
Cash flow
€119,271▲
2023 · €3,363
Quick ratio
0.11▼
2023 · 0.36
Debt to equity
5.31▼
2023 · 10.67
ROE
54.3%▲
2023 · -52.3%
Interest coverage
27.30▲
2023 · 1.23
Debt ≤ 1 year
€649,283▲
2023 · €549,040
Debt > 1 year
€59,237▼
2023 · €100,653
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,613 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,829 | €21,457 | €32,274 | €35,421 | €46,312 | ▲ 30.7% |
| Other operating charges640/8 | - | €10,879 | €4,281 | €11,978 | €17,343 | ▲ 44.8% |
| Gross operating margin9900 | €16,941 | €78,000 | €45,125 | €19,371 | €139,093 | ▲ 618% |
| Operating profit (loss)9901 | -€14,857 | €45,664 | €8,570 | -€28,028 | €75,438 | ▲ 369% |
| Recurring financial income75 | €47 | - | - | - | - | - |
| Financial charges65/66B | - | €9,971 | €4,193 | €6,011 | €4,460 | ▼ 25.8% |
| Recurring financial charges65 | €7,422 | €9,971 | €4,193 | €6,011 | €4,460 | ▼ 25.8% |
| Profit (loss) for the period before taxes9903 | -€22,232 | €35,693 | €4,377 | -€34,039 | €70,978 | ▲ 309% |
| Transfer from deferred taxes780 | - | €761 | €1,617 | €1,981 | €1,981 | = |
| Transfer to deferred taxes680 | - | €22,106 | - | - | - | - |
| Income taxes67/77 | €444 | €236 | €62 | - | - | - |
| Profit (loss) for the period9904 | -€22,676 | €14,112 | €5,932 | -€32,058 | €72,959 | ▲ 328% |
| Transfer from tax-exempt reserves789 | - | €2,285 | €4,853 | €5,943 | €5,943 | = |
| Transfer to tax-exempt reserves689 | - | €66,318 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€22,676 | -€49,921 | €10,785 | -€26,115 | €78,902 | ▲ 402% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €557,580 | €542,579 | €597,942 | €733,589 | €863,394 | ▲ 17.7% |
| Fixed assets21/28 | €512,512 | €488,848 | €540,894 | €527,519 | €793,703 | ▲ 50.5% |
| Tangible fixed assets22/27 | €512,512 | €488,848 | €540,894 | €527,519 | €793,703 | ▲ 50.5% |
| Land and buildings22 | - | €377,644 | €338,696 | €327,683 | €547,454 | ▲ 67.1% |
| Plant, machinery and equipment23 | - | €470 | €235 | - | - | - |
| Furniture and vehicles24 | - | €4,876 | €15,769 | €5,991 | €67,082 | ▲ 1,020% |
| Other tangible fixed assets26 | - | €105,858 | €186,194 | €193,845 | €179,167 | ▼ 7.6% |
| Current assets29/58 | €45,068 | €53,731 | €57,048 | €206,070 | €69,691 | ▼ 66.2% |
| Stocks and contracts in progress3 | €11,172 | €4,904 | €15,265 | €6,902 | €1,440 | ▼ 79.1% |
| Stocks30/36 | - | €4,904 | €15,265 | €6,902 | €1,440 | ▼ 79.1% |
| Amounts receivable within one year40/41 | €25,039 | €21,911 | €37,611 | €71,379 | €54,508 | ▼ 23.6% |
| Trade receivables40 | - | €17,568 | €31,651 | €67,148 | €39,281 | ▼ 41.5% |
| Other amounts receivable41 | - | €4,343 | €5,960 | €4,231 | €15,227 | ▲ 260% |
| Cash at bank and in hand54/58 | €8,744 | €26,916 | €4,172 | €127,789 | €13,743 | ▼ 89.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €557,580 | €542,579 | €597,942 | €733,589 | €863,394 | ▲ 17.7% |
| Equity10/15 | €73,364 | €87,476 | €93,408 | €61,350 | €134,309 | ▲ 119% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €65,892 | €61,039 | €55,096 | €49,153 | ▼ 10.8% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | €64,033 | €59,180 | €53,237 | €47,294 | ▼ 11.2% |
| Profit (loss) carried forward14 | €52,913 | €2,992 | €13,777 | -€12,338 | €66,564 | ▲ 640% |
| Provisions and deferred taxes16 | - | €21,344 | €19,727 | €17,746 | €15,765 | ▼ 11.2% |
| Deferred taxes168 | - | €21,344 | €19,727 | €17,746 | €15,765 | ▼ 11.2% |
| Amounts payable17/49 | €484,216 | €433,759 | €484,807 | €654,493 | €713,320 | ▲ 9.0% |
| Amounts payable after more than one year17 | €254,008 | €141,528 | €121,245 | €100,653 | €59,237 | ▼ 41.1% |
| Financial debts170/4 | - | €141,528 | €121,245 | €100,653 | €59,237 | ▼ 41.1% |
| Amounts payable within one year42/48 | €225,302 | €287,431 | €358,762 | €549,040 | €649,283 | ▲ 18.3% |
| Current portion of amounts payable after more than one year42 | - | €21,688 | €20,283 | €20,592 | €9,964 | ▼ 51.6% |
| Trade debts44 | €8,099 | €13,862 | €16,222 | €4,679 | €7,239 | ▲ 54.7% |
| Suppliers440/4 | - | €13,862 | €16,222 | €4,679 | €7,239 | ▲ 54.7% |
| Taxes, remuneration and social security45 | - | €222 | €285 | - | €1,017 | - |
| Taxes450/3 | - | €222 | €285 | - | €1,017 | - |
| Other amounts payable47/48 | - | €251,659 | €321,972 | €523,769 | €631,063 | ▲ 20.5% |
| Accrued charges and deferred income492/3 | - | €4,800 | €4,800 | €4,800 | €4,800 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,676 | €14,112 | €5,932 | -€32,058 | €72,959 | ▲ 328% |
| + Depreciation and write-downs630 | €22,829 | €21,457 | €32,274 | €35,421 | €46,312 | ▲ 30.7% |
| Operating cash flow (approximation) | €153 | €35,569 | €38,206 | €3,363 | €119,271 | ▲ 3,447% |
| Investment in fixed assets (approximation) | - | €2,207 | -€84,320 | -€22,046 | -€312,496 | ▼ 1,317% |
| Change in cash | - | €18,172 | -€22,744 | €123,617 | -€114,046 | ▼ 192% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €72,959
Net result €72,959 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €134,309 ▲119%
Equity rises from €61,350 to €134,309.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€32,058
Net result drops to -€32,058, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €14,112
Net result €14,112 after 3 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
01-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Vorst · 1 establishment unit since 1994
Ground area
793 m²
Building footprint
368 m²
Volume, LiDAR
8,071 m³
2 parcels, Brussels · tallest building 35.6 m, ±11 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Van Volxemlaan 123, 1190 Vorst
since 19942.067.445.627
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0020/00K052 | Brussels | 641 m² | 1 · 227 m² | 35.6 m · 11 fl. |
| 21007A0085/00A004 | Brussels | 152 m² | 1 · 141 m² | 22.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
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CnerJ
BE 0870.024.177
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DiVintage
BE 0636.881.115
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LA PARISIENNE FKF
BE 0848.441.776
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Of 1,307 companies in sector 46423 we hold annual accounts for 810. 573 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-04-1994
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
46425Wholesale trade
46498Wholesale trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
47722Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452570524
Registered
19-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.