NORYEL
ActiveSummary
The computed 12-month bankruptcy probability of NORYEL is 1.5% (moderate). The 2025 annual accounts show equity of €441k and a net result of €2k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 3705 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-26
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.14 against 4.64 in 2024; short-term debt: 18.4% and cash: 15.7% of total assets), and 18.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
81.6%
Return on assets
0.4%
Age of the figures
9 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
on the day
2023
29 d late
2022
28 d late
2021
31 d late
2020
30 d late
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.28M▲ 5.7%
2022 · €1.21M
2019: €1.96Mhighest in 5 years
2020: €992k▼ -49.3% vs 2019
2021: €710k▼ -28.5% vs 2020lowest in 5 years
2022: €1.21M▲ +70.8% vs 2021
2023: €1.28M▲ +5.7% vs 2022
2019 → 2023
EBIT margin
5.2%▼ 4.8pp
2022 · 10.0%
2019: 5.7%
2020: -7.4%▼ -230% vs 2019lowest in 5 years
2021: 30.1%▲ +508% vs 2020highest in 5 years
2022: 10.0%▼ -66.6% vs 2021
2023: 5.2%▼ -48.0% vs 2022
2019 → 2023
Net result
€2k▼ 93.4%
2024 · €29k
2018: €96k
2019: €69k▼ -28.5% vs 2018
2020: €-69k▼ -200% vs 2019lowest in 8 years
2021: €173k▲ +351% vs 2020highest in 8 years
2022: €102k▼ -40.8% vs 2021
2023: €32k▼ -68.6% vs 2022
2024: €29k▼ -10.6% vs 2023
2025: €2k▼ -93.4% vs 2024
2018 → 2025
Working capital
€311k▼ 0.5%
2024 · €312k
2018: €20k
2019: €91k▲ +360% vs 2018
2020: €11k▼ -88.1% vs 2019lowest in 8 years
2021: €215k▲ +1874% vs 2020
2022: €299k▲ +39.0% vs 2021
2023: €287k▼ -4.1% vs 2022
2024: €312k▲ +8.8% vs 2023highest in 8 years
2025: €311k▼ -0.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€710k-€1.21M▲ 70.8%€1.28M▲ 5.7%
2021: €710klowest in 3 years
2022: €1.21M▲ +70.8% vs 2021
2023: €1.28M▲ +5.7% vs 2022highest in 3 years
Equity€278k-€378k▲ 35.6%€410k▲ 8.5%€439k▲ 7.0%€441k▲ 0.4%
2021: €278klowest in 5 years
2022: €378k▲ +35.6% vs 2021
2023: €410k▲ +8.5% vs 2022
2024: €439k▲ +7.0% vs 2023
2025: €441k▲ +0.4% vs 2024highest in 5 years
Operating result€214k-€122k▼ 43.0%€67k▼ 45.1%€42k▼ 37.5%€15k▼ 64.6%
2021: €214khighest in 5 years
2022: €122k▼ -43.0% vs 2021
2023: €67k▼ -45.1% vs 2022
2024: €42k▼ -37.5% vs 2023
2025: €15k▼ -64.6% vs 2024lowest in 5 years
Net result€173k-€102k▼ 40.8%€32k▼ 68.6%€29k▼ 10.6%€2k▼ 93.4%
2021: €173khighest in 5 years
2022: €102k▼ -40.8% vs 2021
2023: €32k▼ -68.6% vs 2022
2024: €29k▼ -10.6% vs 2023
2025: €2k▼ -93.4% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 65% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €540k
Fixed assets
€130k ▲ 2.7%
Current assets
€410k ▲ 3.0%
Equity and liabilities €540k
Equity
€441k ▲ 0.4%
Debt
€99k ▲ 15.4%
Debt's share of the balance-sheet total rises from 16.4% to 18.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46k▼
2024 · €74k
Cash flow
€33k▼
2024 · €61k
Current ratio
4.14▼
2024 · 4.64
Quick ratio
3.71▼
2024 · 4.22
Debt to equity
0.22▲
2024 · 0.20
ROE
0.4%▼
2024 · 6.6%
ROA
0.4%▼
2024 · 5.5%
Interest coverage
3.71▼
2024 · 6.34
Debt ≤ 1 year
€99k▲
2024 · €86k
Income taxes
€3k▲
2024 · €2k
Staff costs
€431k▲
2024 · €368k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€525k€540k▲
Fixed assets21/28€126k€130k▲
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€107k€111k▲
Plant, machinery and equipment23€43k€36k▼
Furniture and vehicles24€29k€47k▲
Other tangible fixed assets26€35k€28k▼
Financial fixed assets28€16k€16k=
Current assets29/58€398k€410k▲
Stocks and contracts in progress3€36k€42k▲
Stocks30/36€36k€42k▲
Amounts receivable within one year40/41€242k€267k▲
Trade receivables40€5k€4k▼
Other amounts receivable41€237k€263k▲
Cash at bank and in hand54/58€101k€85k▼
Deferred charges and accrued income490/1€19k€16k▼
Equity and liabilities
Total equity and liabilities10/49€525k€540k▲
Equity10/15€439k€441k▲
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Reserves13€39k€39k=
Non-distributable reserves130/1€2k-
Legal reserve130€2k-
Distributable reserves133€37k€39k▲
Profit (loss) carried forward14€381k€383k▲
Amounts payable17/49€86k€99k▲
Amounts payable within one year42/48€86k€99k▲
Trade debts44€25k€35k▲
Suppliers440/4€25k€35k▲
Taxes, remuneration and social security45€60k€64k▲
Taxes450/3€24k€24k▲
Remuneration and social security454/9€37k€40k▲
Other amounts payable47/48€254-
Income statement
Code20242025
Remuneration, social security and pensions62€368k€431k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€31k▼
Other operating charges640/8€11k€710▼
Gross operating margin9900€453k€477k▲
Operating profit (loss)9901€42k€15k▼
Financial income75/76B€931€2k▲
Recurring financial income75€931€2k▲
Financial charges65/66B€12k€12k▲
Recurring financial charges65€12k€12k▲
Profit (loss) for the period before taxes9903€31k€5k▼
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€29k€2k▼
Profit (loss) for the period to be appropriated9905€29k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€381k€383k▲
Profit (loss) brought forward from the previous period14P€353k€381k▲
Social balance
Average headcount (FTE)9087-9.9
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €710k | €1.21M | €1.28M | - | - | - |
| Remuneration, social security and pensions62 | €229k | €305k | €355k | €368k | €431k | ▲ 17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €19k | €29k | €33k | €31k | ▼ 5.7% |
| Other operating charges640/8 | €5k | €9k | €5k | €11k | €710 | ▼ 93.5% |
| Non-recurring operating charges66A | - | - | €3k | - | - | - |
| Gross operating margin9900 | €462k | €455k | €458k | €453k | €477k | ▲ 5.3% |
| Operating profit (loss)9901 | €214k | €122k | €67k | €42k | €15k | ▼ 64.6% |
| Financial income75/76B | €7k | €3k | €412 | €931 | €2k | ▲ 129% |
| Recurring financial income75 | €7k | €3k | €412 | €931 | €2k | ▲ 129% |
| Financial charges65/66B | €13k | €10k | €11k | €12k | €12k | ▲ 4.6% |
| Recurring financial charges65 | €13k | €10k | €11k | €12k | €12k | ▲ 4.6% |
| Profit (loss) for the period before taxes9903 | €208k | €115k | €56k | €31k | €5k | ▼ 85.0% |
| Income taxes67/77 | €35k | €12k | €24k | €2k | €3k | ▲ 24.9% |
| Profit (loss) for the period9904 | €173k | €102k | €32k | €29k | €2k | ▼ 93.4% |
| Profit (loss) for the period to be appropriated9905 | €173k | €102k | €32k | €29k | €2k | ▼ 93.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €431k | €490k | €498k | €525k | €540k | ▲ 2.9% |
| Fixed assets21/28 | €63k | €78k | €123k | €126k | €130k | ▲ 2.7% |
| Intangible fixed assets21 | - | - | - | €3k | €2k | ▼ 23.0% |
| Tangible fixed assets22/27 | €47k | €62k | €107k | €107k | €111k | ▲ 3.8% |
| Plant, machinery and equipment23 | €8k | €17k | €33k | €43k | €36k | ▼ 17.4% |
| Furniture and vehicles24 | €16k | €24k | €38k | €29k | €47k | ▲ 61.6% |
| Other tangible fixed assets26 | €22k | €21k | €35k | €35k | €28k | ▼ 18.4% |
| Financial fixed assets28 | €16k | €16k | €16k | €16k | €16k | = |
| Current assets29/58 | €368k | €412k | €375k | €398k | €410k | ▲ 3.0% |
| Stocks and contracts in progress3 | €24k | €26k | €39k | €36k | €42k | ▲ 18.8% |
| Stocks30/36 | €24k | €26k | €39k | €36k | €42k | ▲ 18.8% |
| Amounts receivable within one year40/41 | €7k | €13k | €187k | €242k | €267k | ▲ 10.4% |
| Trade receivables40 | €7k | €12k | €6k | €5k | €4k | ▼ 21.3% |
| Other amounts receivable41 | €0 | €1k | €182k | €237k | €263k | ▲ 11.1% |
| Cash at bank and in hand54/58 | €333k | €367k | €142k | €101k | €85k | ▼ 16.4% |
| Deferred charges and accrued income490/1 | €4k | €6k | €7k | €19k | €16k | ▼ 18.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €431k | €490k | €498k | €525k | €540k | ▲ 2.9% |
| Equity10/15 | €278k | €378k | €410k | €439k | €441k | ▲ 0.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | €19k | - | - |
| Issued capital100 | €19k | €19k | €19k | €19k | - | - |
| Reserves13 | €39k | €39k | €39k | €39k | €39k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | - | - |
| Legal reserve130 | €2k | €2k | €2k | €2k | - | - |
| Distributable reserves133 | €37k | €37k | €37k | €37k | €39k | ▲ 5.1% |
| Profit (loss) carried forward14 | €218k | €320k | €353k | €381k | €383k | ▲ 0.5% |
| Investment grants15 | €3k | - | - | - | - | - |
| Amounts payable17/49 | €152k | €113k | €88k | €86k | €99k | ▲ 15.4% |
| Amounts payable within one year42/48 | €152k | €113k | €88k | €86k | €99k | ▲ 15.4% |
| Trade debts44 | €32k | €13k | €24k | €25k | €35k | ▲ 37.1% |
| Suppliers440/4 | €32k | €13k | €24k | €25k | €35k | ▲ 37.1% |
| Taxes, remuneration and social security45 | €65k | €58k | €57k | €60k | €64k | ▲ 6.8% |
| Taxes450/3 | €22k | €33k | €25k | €24k | €24k | ▲ 3.4% |
| Remuneration and social security454/9 | €43k | €25k | €32k | €37k | €40k | ▲ 9.0% |
| Other amounts payable47/48 | €56k | €41k | €7k | €254 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €173k | €102k | €32k | €29k | €2k | ▼ 93.4% |
| + Depreciation and write-downs630 | €14k | €19k | €29k | €33k | €31k | ▼ 5.7% |
| Operating cash flow (approximation) | €187k | €122k | €61k | €61k | €33k | ▼ 46.8% |
| Investment in fixed assets (approximation) | - | €-35k | €-74k | €-36k | €-34k | ▲ 5.3% |
| Change in cash | - | €34k | €-225k | €-41k | €-17k | ▲ 59.3% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Back to profitnet €173k
Net result €173k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.41
Current ratio from 1.07 to 2.41.
31-12
Financial
Equity above €200kEq €278k ▲180%
Equity rises from €99k to €278k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-69k
Net result drops to €-69k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €150kEq €175k ▲55.5%
2 profitable years in a row build equity to €175k.
Show earlier events
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days 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, Brussel · 1 establishment unit since 1989
Ground area
226 m²
Building footprint
106 m²
Volume, LiDAR
1,487 m³
Parcel 21806F0276/00K000, Brussels · tallest building 18.7 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MEET MEAT
since 19892.045.678.134
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21806F0276/00K000 | Brussels | 226 m² | 1 · 106 m² | 18.7 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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
Food safety, FASFC
1 siteBrussel2.045.678.134
Similar companies · same sector, comparable size
TOASTALOT
BE 0740.499.780
Brugge · Eq €441,081
MIDA
BE 0446.735.181
Oostende · Eq €441,125
Dekerf-Vanhove
BE 0538.920.320
Oostkamp · Eq €441,250
LIZELL
BE 0502.430.207
Koksijde · Eq €439,940
MAEREHOLT
BE 0876.932.656
Meerhout · Eq €439,815
Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 6,661 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
Founded06-10-1989
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Contact
Website
www.meetmeat.be
E-mail
info@meetmeat.be
Scores and ratios are computed by Checked and are not a credit decision.