Noordrand Vastgoed
ActiveSummary
Noordrand Vastgoed has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34k and a net result of €4k. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 38% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+24
Solvency40=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 3.35 against 3.04 in 2024; short-term debt: 8.6% and cash: 2.1% of total assets), but 84.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
15.4%
Return on assets
1.9%
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 17-07-2026, 14 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
14 d early
2024
31 d early
2023
30 d early
2022
31 d late
2021
16 d early
2020
8 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€34k▲ 13.9%
2024 · €30k
2020: €36k
2021: €43k
2022: €20k
2023: €31k
2024: €30k
2020 → 2025
Total assets
€219k▲ 13.0%
2024 · €194k
2020: €135k
2021: €108k
2022: €69k
2023: €94k
2024: €194k
2020 → 2025
Net result
€4k
2024 · €-2k
2020: €18k
2021: €8k
2022: €-23k
2023: €11k
2024: €-2k
2020 → 2025
Working capital
€44k▲ 32.8%
2024 · €33k
2020: €-32k
2021: €-20k
2022: €-35k
2023: €34k
2024: €33k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€20k▼ 52.8%€31k▲ 53.4%€30k▼ 5.6%€34k▲ 13.9%
Operating result€13k-€-21k€15k€2k▼ 83.3%€11k▲ 337%
Net result€8k-€-23k€11k€-2k€4k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 337% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €219k
Fixed assets
€156k ▲ 8.2%
Current assets
€63k ▲ 27.1%
Equity and liabilities €219k
Equity
€34k ▲ 13.9%
Debt
€185k ▲ 12.9%
Debt's share of the balance-sheet total falls from 84.7% to 84.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30k▲
2024 · €15k
Cash flow
€24k▲
2024 · €11k
Current ratio
3.35▲
2024 · 3.04
Debt to equity
5.50▼
2024 · 5.55
ROE
12.2%▲
2024 · -5.9%
ROA
1.9%▲
2024 · -0.9%
Interest coverage
6.15▲
2024 · 3.53
Debt ≤ 1 year
€19k▲
2024 · €16k
Debt > 1 year
€167k▲
2024 · €148k
Income taxes
€2k▲
2024 · €1
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€194k€219k▲
Formation expenses20€0€0=
Fixed assets21/28€144k€156k▲
Intangible fixed assets21€36k€29k▼
Tangible fixed assets22/27€107k€126k▲
Land and buildings22€100k€95k▼
Plant, machinery and equipment23-€4k
Furniture and vehicles24€5k€27k▲
Other tangible fixed assets26€2k-
Financial fixed assets28€900€900=
Current assets29/58€50k€63k▲
Amounts receivable within one year40/41€49k€54k▲
Trade receivables40€47k€54k▲
Other amounts receivable41€1k-
Cash at bank and in hand54/58€446€5k▲
Deferred charges and accrued income490/1€675€5k▲
Equity and liabilities
Total equity and liabilities10/49€194k€219k▲
Equity10/15€30k€34k▲
Contributions10/11€18k€18k=
Reserves13€10k€10k=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€2k€6k▲
Amounts payable17/49€164k€185k▲
Amounts payable after more than one year17€148k€167k▲
Financial debts170/4€148k€167k▲
Amounts payable within one year42/48€16k€19k▲
Current portion of amounts payable after more than one year42€4k€9k▲
Financial debts43€4k-
Credit institutions430/8€4k-
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Other amounts payable47/48€7k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€20k▲
Other operating charges640/8€505€1k▲
Gross operating margin9900€16k€32k▲
Operating profit (loss)9901€2k€11k▲
Financial income75/76B€112€4▼
Recurring financial income75€112€4▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€-2k€6k▲
Income taxes67/77€1€2k▲
Profit (loss) for the period9904€-2k€4k▲
Profit (loss) for the period to be appropriated9905€-2k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€6k▲
Profit (loss) brought forward from the previous period14P€3k€2k▼
The notes to these accounts (13 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-12
Financial
Liquidity times 13current ratio 3.68
Current ratio from 0.29 to 3.68; short-term debt falls from €49k to €13k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-23k ▼402%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brasschaat · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vrijwilligerslei 12930 BrasschaatGround area
182 m²
Building footprint
66 m²
Volume, LiDAR
582 m³
Parcel 11323F0068/00W011, Flanders · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Noordrand Vastgoed
since 20202.299.891.477
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0068/00W011 | Flanders | 181 m² | 1 · 66 m² | 9.2 m · 3 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.
Similar companies · same sector, comparable size
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BETWEEN BRIX
BE 0659.885.654
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Marnix Vastgoed
BE 0737.586.911
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VASTGOED VAN BRUWAENE
BE 0750.667.162
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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 4,502 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 formPrivate limited company
Founded28-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.