Chassis Norma
ActiveSummary
Chassis Norma has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.23M and a net result of €369k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 47% of 2045 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-11
Solvency65▲+6
Growth74▼-3
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 3.56 against 3.64 in 2024; short-term debt: 16.5% and cash: 2.7% of total assets), but 59.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
40.3%
Return on assets
6.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €2.23M
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
31 d early
2023
23 d early
2022
57 d late
2021
45 d late
2020
23 d early
2019
82 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€7.20M▼ 7.2%
2024 · €7.76M
2018: €3.78M
2019: €4.07M
2020: €4.19M
2021: €5.19M
2022: €5.95M
2023: €7.47M
2024: €7.76M
2018 → 2025
EBIT margin
6.7%▼ 5.1pp
2024 · 11.7%
2018: -15.7%
2019: 2.4%
2020: -2.2%
2021: -2.3%
2022: 1.6%
2023: 9.6%
2024: 11.7%
2018 → 2025
Net result
€369k▼ 46.9%
2024 · €695k
2018: €-578k
2019: €104k
2020: €-112k
2021: €-133k
2022: €94k
2023: €714k
2024: €695k
2018 → 2025
Working capital
€2.33M▲ 0.6%
2024 · €2.32M
2018: €1.26M
2019: €1.19M
2020: €2.57M
2021: €1.25M
2022: €958k
2023: €1.55M
2024: €2.32M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.19M-€5.95M▲ 14.6%€7.47M▲ 25.5%€7.76M▲ 4.0%€7.20M▼ 7.2%
Equity€356k-€450k▲ 26.4%€1.16M▲ 159%€1.86M▲ 59.7%€2.23M▲ 19.8%
Operating result€-120k-€97k€720k▲ 645%€911k▲ 26.5%€480k▼ 47.3%
Net result€-133k-€94k€714k▲ 657%€695k▼ 2.7%€369k▼ 46.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.53M
Fixed assets
€2.29M ▼ 0.9%
Current assets
€3.24M ▲ 1.4%
Equity and liabilities €5.53M
Equity
€2.23M ▲ 19.8%
Provisions
€165k ▼ 21.3%
Debt
€3.14M ▼ 8.8%
Debt's share of the balance-sheet total falls from 62.4% to 56.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€977k▼
2024 · €1.42M
Cash flow
€866k▼
2024 · €1.20M
Current ratio
3.56▼
2024 · 3.64
Quick ratio
1.14▼
2024 · 1.31
Debt to equity
1.41▼
2024 · 1.85
ROE
16.6%▼
2024 · 37.4%
ROA
6.7%▼
2024 · 12.6%
Interest coverage
66.68▼
2024 · 100.36
Debt ≤ 1 year
€910k▲
2024 · €878k
Debt > 1 year
€2.23M▼
2024 · €2.56M
Income taxes
€124k▼
2024 · €231k
Staff costs
€2.59M▼
2024 · €2.60M
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 · 84 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.51M€5.53M▲
Fixed assets21/28€2.31M€2.29M▼
Tangible fixed assets22/27€2.27M€2.25M▼
Land and buildings22€327k€323k▼
Plant, machinery and equipment23€689k€618k▼
Furniture and vehicles24€17k€13k▼
Leasing and similar rights25€1.24M€1.29M▲
Assets under construction and advance payments27-€12k
Financial fixed assets28€35k€35k=
Other financial fixed assets284/8€35k€35k=
Shares284€3k€3k=
Amounts receivable and cash guarantees285/8€31k€31k=
Current assets29/58€3.20M€3.24M▲
Stocks and contracts in progress3€2.04M€2.20M▲
Stocks30/36€1.82M€1.89M▲
Raw materials and consumables30/31€1.82M€1.89M▲
Contracts in progress37€226k€314k▲
Amounts receivable within one year40/41€692k€869k▲
Trade receivables40€691k€743k▲
Other amounts receivable41€2k€126k▲
Cash at bank and in hand54/58€442k€148k▼
Deferred charges and accrued income490/1€20k€21k▲
Equity and liabilities
Total equity and liabilities10/49€5.51M€5.53M▲
Equity10/15€1.86M€2.23M▲
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Reserves13€44k€44k=
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Tax-exempt reserves132€19k€19k=
Profit (loss) carried forward14€1.56M€1.93M▲
Investment grants15€887€595▼
Provisions and deferred taxes16€210k€165k▼
Provisions for liabilities and charges160/5€209k€165k▼
Other liabilities and charges164/5€209k€165k▼
Deferred taxes168€457€306▼
Amounts payable17/49€3.44M€3.14M▼
Amounts payable after more than one year17€2.56M€2.23M▼
Financial debts170/4€2.56M€2.23M▼
Subordinated loans170€1.78M€1.51M▼
Leasing and similar obligations172€777k€719k▼
Amounts payable within one year42/48€878k€910k▲
Current portion of amounts payable after more than one year42€254k€289k▲
Trade debts44€427k€400k▼
Suppliers440/4€427k€400k▼
Taxes, remuneration and social security45€197k€221k▲
Taxes450/3€82k€89k▲
Remuneration and social security454/9€116k€133k▲
Accrued charges and deferred income492/3€147€160▲
Income statement
Code20242025
Operating income70/76A€7.80M€7.32M▼
Turnover70€7.76M€7.20M▼
Change in stocks of work in progress, finished goods and contracts in progress71€12k€88k▲
Other operating income74€23k€28k▲
Non-recurring operating income76A€4k€1k▼
Operating charges60/66A€6.89M€6.84M▼
Goods for resale, raw materials and consumables60€2.90M€2.90M▼
Purchases600/8€2.86M€2.97M▲
Change in stocks: decrease (increase)609€40k€-72k▼
Services and other goods61€838k€831k▼
Remuneration, social security and pensions62€2.60M€2.59M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€510k€497k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-28k€-45k▼
Other operating charges640/8€68k€69k▲
Non-recurring operating charges66A-€2k
Operating profit (loss)9901€911k€480k▼
Financial income75/76B€32k€31k▼
Recurring financial income75€32k€31k▼
Income from financial fixed assets750€628€848▲
Income from current assets751€127-
Other financial income752/9€31k€30k▼
Financial charges65/66B€18k€18k▲
Recurring financial charges65€18k€18k▲
Debt charges650€14k€15k▲
Other financial charges652/9€4k€3k▼
Profit (loss) for the period before taxes9903€926k€493k▼
Transfer from deferred taxes780€262€151▼
Income taxes67/77€231k€124k▼
Taxes670/3€231k€124k▼
Profit (loss) for the period9904€695k€369k▼
Profit (loss) for the period to be appropriated9905€695k€369k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.56M€1.93M▲
Profit (loss) brought forward from the previous period14P€868k€1.56M▲
Social balance
Average headcount (FTE)908746.245.6▼
The notes to these accounts (75 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €2MEq €2.23M ▲19.8%
4 profitable years in a row build equity to €2.23M.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €714k ▲657%
Net result €714k, the highest in the series.
31-12
Financial
Equity above €1MEq €1.16M ▲159%
2 profitable years in a row build equity to €1.16M.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 57 days late
2022
31-12
Financial
Back to profitnet €94k
Net result €94k after 2 loss-making years.
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 45 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity triplescurrent ratio 4.19
Current ratio from 1.55 to 4.19; short-term debt falls from €2.17M to €804k.
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 82 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €104k
Net result €104k after one loss-making year.
31-12
Financial
Equity above €500kEq €602k ▲20.9%
Equity rises from €498k to €602k.
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 43 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 49 days late
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Namur · 1 establishment unit since 1971
Ground area
1.6 ha
Building footprint
229 m²
Volume, LiDAR
714 m³
Parcel 92082B0724/00V000, Wallonia · tallest building 4.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue Gabriel de Moriamé(ML) 4, 5020 Namur
since 19712.038.270.797
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92082B0724/00V000 | Wallonia | 1.6 ha | 1 · 229 m² | 4.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 2,619 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-06-1971
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.