Turnover
≈ €270,000 estimated
The micro format states no turnover.
NORYN
Lifetime
7 annual accounts with figures on one time axispeak €35,313 (2023)
€28,449▼ 19.4%
lowest -€30,063 (2020)
€11,595▼ 30.8%
peak €18,130 (2018)
€5,110▲ €11,595
€25,678▼ 31.2%
Board3 names since 2017
1 directorBAROUCH Abderrazek
Documentsfilings and deeds
17-07-202514 days before the deadline
2024micro format
Gross margin from €35,313 to €28,449Result from €16,752 to €11,595Equity from -€6,485 to €5,110Debts from €37,345 to €25,678
Key points
from the 2024 annual accountsChecked score
53
Fair
Financially stronger than 71% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 1.5%● unchanged vs 01-2025
03-2025: 1.5%● unchanged vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.4%▼ -0.1 percentage points vs 05-2025
07-2025: 1.4%● unchanged vs 06-2025
08-2025: 1.0%▼ -0.4 percentage points vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 0.9%▼ -0.1 percentage points vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.8%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 1.3%▲ +0.5 percentage points vs 07-2026
09-2026: 1.6%▲ +0.3 percentage points vs 08-2026
10-2026: 3.0%▲ +1.4 percentage points vs 09-2026highest value
11-2026: 3.0%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2024 (filed on 23-07-2025)
1 financial year not filed after the legal deadline; 1 of the last 3 accounts late
Founded in 2017
lowers risk
Liquidity: current ratio 1.07, cash €13,472
Calculation
The band follows from the bankruptcy probability. 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 47, micro). It does better than 33% of them on solvency, 59% on liquidity, 96% on profitability and 96% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as NORYN has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of NORYN itself is higher: 3.0% within 12 months. It rests on far more data about NORYN than the profile alone.
Test of the method
The method was tested on the 497,448 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,713 companies, not a prediction for NORYN. 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
No publishable credit limit, so credit only on tighter terms
Liquidity is tight, with a current ratio of 1.07 (0.74 in 2023), below the usual 1.5. Short-term debt is 83.4% and cash 43.8% of total assets. 83.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 7 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
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 17-07-2025, 14 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
14 days early
2023
21 days late
2022
63 days late
2021
58 days late
2020
180 days late
2019
122 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 72 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- Barouch Abderrazekdeed of 06-02-2025
- Bezih Jamal 100 sharesdeed of 06-02-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0684801588
Transfer of 100 shares from Barouch Abderrazek to Bezih Jamal
Resignation: Barouch Abderrazek (director) · Appointment: Bezih Jamal (director) · Barouch Abderrazek is a shareholder · General meeting of 06-01-2025 · Gazette deed
Transfer of 100 shares from Houmma Noureddine to Barouch Abderrazek
Appointment: Barouch Abderrazek (director) · Resignation: Houmma Noureddine (director) · Barouch Abderrazek holds 100 shares · General meeting of 12-09-2022 · Gazette deed
Transfer of 75 shares from Barouch Abderrazek to Houmma Noureddine
Resignation: Barouch Abderrazek (director) · Barouch Abderrazek is a shareholder · Houmma Noureddine holds 100 shares · General meeting of 31-10-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NORYN Anderlecht | €30,788 | €28,449 | 16.6% | - |
| DE UITVOLKORENEN Ninove | €34,346 | €32,611 | 22.3% | - |
| MADEMOISELLE MERINGUE Etterbeek | €29,602 | €40,802 | 30.2% | - |
| Pesesse-Chasseur Rochefort | €24,290 | €33,537 | -19.8% | - |
| Meet-time Rumst | €30,982 | €41,751 | -100.6% | - |
| BAKERY FOR YOU Namur | €39,300 | €23,413 | 67.3% | - |
| UCHAB Schaerbeek | €41,903 | €43,322 | 63.2% | - |
These companies have the same main activity as NORYN: retail sale of bread and pastry (bakery outlets) (NACE 47241). They are comparable in size and age: total assets between €24,300 and €41,900, founded between 2015 and 2019.
Official details
Source: KBO- Status
- Active since 17-11-2017Normal situation
- Activity
- Retail sale of bread and pastry (bakery outlets)NACE 47241
- Establishment unit
- 2.324.063.2831070 Anderlecht, since 17-11-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Insights on NORYN
NORYN files the micro format. That format states no turnover. The gross margin rose from -€1,850 in 2018 to €28,449 in 2024.
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 NORYN
- What is the company number of NORYN?
- The company number of NORYN is 0684.801.588. The VAT number is the same number with BE in front: BE 0684.801.588.
- Where is NORYN based?
- The registered office is at de Fiennesstraat 76, 1070 Anderlecht.Company details
- What does NORYN do?
- According to the KBO register, the main activity is retail sale of bread and pastry (bakery outlets) (NACE 47241).
- What is the legal form of NORYN?
- NORYN is a private limited company (pre-2019) (BVBA).
- When was NORYN founded?
- NORYN was founded on 17-11-2017.
- Is NORYN still active?
- Yes, NORYN is an active enterprise in the KBO register.
- What is the turnover of NORYN?
- The turnover in financial year 2024 is ≈ €270,000. This figure is estimated from the gross margin of €28,449 and 48 comparable companies (NACE 472). It probably lies between €150,000 and €480,000.Financials
- Is NORYN profitable?
- In financial year 2024, NORYN made a profit of €11,595.
- Where can I find the annual accounts of NORYN?
- NORYN filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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