NOR CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of NOR CONSTRUCT is 5.3% (elevated). The 2025 annual accounts show equity of €176 and a net result of €176. Its solvency ranks better than 10% of 27965 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes
Profitability43
Solvency27
Growth-
Track record67
Bankruptcy probability, 12 months
5.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.02; short-term debt: 97.9% and cash: 0.6% of total assets), and 97.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.1%
Return on assets
2.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2025
23 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark Roughly what is this company worth?Value indication What held for this company on a given day: board, seat, name?Company as of a date
Financials · fiscal year 2025, micro schema
Turnover
€56k
EBIT margin
0.3%
Net result
€176
Working capital
€176
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Equity and liabilities €8k
Equity
€176
Debt
€8k
Debt finances 97.9% of the balance-sheet total.
Key figures and ratios
Current ratio
1.02
Quick ratio
0.73
ROA
2.1%
Debt ≤ 1 year
€8k
Staff costs
€90
Equity ratios withheld: equity of €176 is too small for a meaningful ratio.
Annual accounts
| Line | 2025 |
|---|---|
| Turnover70 | €56k |
| Goods, raw materials, services and sundry goods60/61 | €55k |
| Remuneration, social security and pensions62 | €90 |
| Other operating charges640/8 | €1k |
| Gross operating margin9900 | €1k |
| Operating profit (loss)9901 | €181 |
| Financial charges65/66B | €5 |
| Recurring financial charges65 | €5 |
| Profit (loss) for the period before taxes9903 | €176 |
| Profit (loss) for the period9904 | €176 |
| Profit (loss) for the period to be appropriated9905 | €176 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €8k | |
| Current assets29/58 | €8k | |
| Stocks and contracts in progress3 | €2k | |
| Stocks30/36 | €2k | |
| Amounts receivable within one year40/41 | €6k | |
| Other amounts receivable41 | €6k | |
| Cash at bank and in hand54/58 | €53 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €8k | |
| Equity10/15 | €176 | |
| Profit (loss) carried forward14 | €176 | |
| Amounts payable17/49 | €8k | |
| Amounts payable within one year42/48 | €8k | |
| Taxes, remuneration and social security45 | €8k | |
| Taxes450/3 | €4k | |
| Remuneration and social security454/9 | €5k | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €176 |
| Operating cash flow (approximation) | €176 |
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
2026
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 23 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 2024
Ground area
4,945 m²
Building footprint
1,311 m²
Volume, LiDAR
24,092 m³
Parcel 21809K1420/00G000, Brussels · tallest building 28.5 m, ±7 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
NOR CONSTRUCT
since 20242.366.354.194
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K1420/00G000 | Brussels | 4,945 m² | 1 · 1,311 m² | 28.5 m · 7 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Similar companies · same sector, comparable size
AKBEL GROUP
BE 0746.481.910
Gent · Eq €178
SSB GROUP
BE 0634.586.866
Etterbeek · Eq €164
MIHU CONSTRUCT
BE 0658.872.005
Sint-Lambrechts-Woluwe · Eq €207
M.D. SERVICES
BE 0474.824.106
Gent · Eq €146
VMN Services
BE 0896.934.353
Walhain · Eq €146
Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 120 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
Founded17-09-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.