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Generated 12-07-2026
Active BE 0800.061.839Private limited company

NRF

Tuindijk 39/A ·2223 Heist-op-den-Berg, Belgium· 3 yrs active
Sector: Specialised construction (43990)
Conclusion Checked

The computed 12-month bankruptcy probability of NRF is 2.8% (moderate). The 2024 annual accounts show equity of €58k and a net result of €14k. Its solvency ranks better than 72% of 11043 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €58k
Net result €14k
Better than sector 72%
Active 3 yrs
Snowflake analysis 5 axes · computed by Checked
Health93Profitability100Solvency97Growth52Stability94
87 / 100

Exceptional profile, strong across almost every axis.

Health 93
Profitability 100
Solvency 97
Growth 52
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.8% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
93 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 28-10-2025 with the NBB · fiscal year 2024 · micro
€0€25k€50k€75k€100kOperating result 2023: €95k€95kNet result 2023: €72k€72kOperating result 2024: €20k€20kNet result 2024: €14k€14k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 59.6% 40.9%
better than 72% of 11043 sector peers
Net result €14k €11k
better than 54% of 11026 sector peers
Equity €58k €34k
better than 67% of 11047 sector peers
Gross operating margin €33k €35k
better than 49% of 11016 sector peers
Total assets €97k €93k
better than 51% of 11043 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€32k
-67.2% +193% vs sector
Net profit
€14k
-80.5% +165% vs sector
Cash flow
€26k
-65.4% +191% vs sector
Total assets
€97k
-7.5% -47% vs sector
Equity
€58k
+32.0% -40% vs sector
Working capital
€33k
+176.9% -56% vs sector
Income taxes
€6k
-73.6% +124% vs sector
Dividends
€30k
- +200% vs sector
Debt
€39k
-35.8% -54% vs sector
Debt ≤ 1y
€34k
-43.5% -43% vs sector
Current ratio
1.95
+63.5% -6% vs sector
Quick ratio
1.95
+63.5% -6% vs sector
Solvency
59.6%
+42.7% +10% vs sector
Debt / equity
0.68
-51.4% -20% vs sector
ROE
24.3%
-85.2% far above sector median
ROA
14.5%
-78.9% far above sector median
Interest coverage
242.46
-87.7% far above sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€32k
Net profit€14k
Cash flow€26k
Staff costs-
Income taxes€6k
Dividends-
Total assets€97k
Equity€58k
Debt€39k
of which ≤ 1y€34k
of which > 1y-
Working capital€33k
Employees (FTE)-
Ratios (computed)
2024
Current ratio1.95
Quick ratio1.95
Working capital ratio33.9%
Solvency59.6%
Debt / equity0.68
Long-term debt ratio-
Interest coverage242.46
Gross margin-
Net margin-
ROA14.5%
ROE24.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€97k
Fixed assets 21/28€29k
Tangible fixed assets 22/27€29k
Current assets 29/58€67k
Amounts receivable within one year 40/41€17k
Cash & bank 54/58€47k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€97k
Equity 10/15€58k
Contributions / capital 10/11€2k
Reserves 13€56k
Amounts payable 17/49€39k
Amounts payable within one year 42/48€34k
Trade debts payable within one year 44€4k
Income statement
Gross operating margin 9900€33k
Operating result 9901€20k
Financial income 75€0
Financial charges 65€133
Result before taxes 9903€20k
Income taxes 67/77€6k
Net result for the period 9904€14k
Result to be appropriated 9905€14k
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Ratios computed by Checked.
Legal Structure
NACE primary Specialised construction(43990)
Legal form Private limited company(610)
Incorporation28-03-2023
StatusActive
Postal code2223
Establishment units 1 location
NRF
Tuindijk 39/A, 2223 Heist-op-den-BergVervaardiging van hangsloten, grendelsloten en andere sloten, sleutels en ander hang- en sluitwerk voor gebouwen, meubels, voertuigen, enz
since 20232.343.761.312
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12033B0420/00V002 Flanders 861 m² - -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 2 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
28-10-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
19-11-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE) Crossroads Bank
Activities
Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Elektrotechnische installatiewerken, uitgezonderd aan gebouwen43212Elektrotechnische installatiewerken van nijverheidsinrichtingen43212Loodgieterswerk43221Sanitaire werkzaamheden43221Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222Waterdichtingswerken van muren43421Chapewerken43422Waterdichtingswerken van muren43991Chapewerken43996
Primary activity highlighted.
Names & trade names
Legal nameNL NRF
Registered office
Tuindijk 39/A
2223 Heist-op-den-Berg, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative