NORRE DAVID
ActiveSummary
NORRE DAVID has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.61M and a net result of €514k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 47% of 2152 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability93▲+19
Solvency86▲+26
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days only on tighter terms
Liquidity ample (current ratio 6.78 against 1.38 in 2023; short-term debt: 11.1% and cash: 33.6% of total assets), and 39.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
60.7%
Return on assets
19.3%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-01-2026, 167 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
167 d late
2023
153 d late
2022
31 d late
2021
31 d late
2020
151 d late
2019
88 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.61M▲ 46.8%
2023 · €1.10M
2018: €1.45M
2019: €1.81M
2020: €2.27M
2021: €2.69M
2022: €2.18M
2023: €1.10M
2018 → 2024
Total assets
€2.66M▼ 14.5%
2023 · €3.11M
2018: €2.48M
2019: €2.74M
2020: €3.17M
2021: €4.64M
2022: €4.85M
2023: €3.11M
2018 → 2024
Net result
€514k▲ 272%
2023 · €138k
2018: €328k
2019: €360k
2020: €452k
2021: €429k
2022: €399k
2023: €138k
2018 → 2024
Working capital
€1.71M▲ 298%
2023 · €430k
2018: €40k
2019: €440k
2020: €610k
2021: €1.04M
2022: €394k
2023: €430k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2.27M-€2.69M▲ 18.9%€2.18M▼ 19.1%€1.10M▼ 49.6%€1.61M▲ 46.8%
Operating result€604k-€471k▼ 22.0%€594k▲ 26.0%€146k▼ 75.5%€720k▲ 394%
Net result€452k-€429k▼ 5.1%€399k▼ 7.0%€138k▼ 65.4%€514k▲ 272%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 394% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.66M
Fixed assets
€651k ▼ 57.8%
Current assets
€2.01M ▲ 28.3%
Equity and liabilities €2.66M
Equity
€1.61M ▲ 46.8%
Provisions
€47k
Debt
€999k ▼ 50.3%
Debt's share of the balance-sheet total falls from 64.7% to 37.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€752k▲
2023 · €356k
Cash flow
€545k▲
2023 · €349k
Current ratio
6.78▲
2023 · 1.38
Debt to equity
0.62▼
2023 · 1.83
ROE
31.9%▲
2023 · 12.6%
ROA
19.3%▲
2023 · 4.4%
Interest coverage
38.80▼
2023 · 42.71
Debt ≤ 1 year
€296k▼
2023 · €1.13M
Debt > 1 year
€701k▼
2023 · €877k
Income taxes
€169k▲
2023 · €22k
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 · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.11M€2.66M▼
Fixed assets21/28€1.54M€651k▼
Tangible fixed assets22/27€1.52M€631k▼
Land and buildings22€1.52M€631k▼
Furniture and vehicles24€343€141▼
Financial fixed assets28€20k€20k=
Current assets29/58€1.56M€2.01M▲
Amounts receivable after more than one year29€210k€210k=
Other amounts receivable291€210k€210k=
Amounts receivable within one year40/41€77k€804k▲
Trade receivables40-€718k
Other amounts receivable41€77k€86k▲
Current investments50/53€1.09M€100k▼
Cash at bank and in hand54/58€75k€893k▲
Deferred charges and accrued income490/1€107k-
Equity and liabilities
Total equity and liabilities10/49€3.11M€2.66M▼
Equity10/15€1.10M€1.61M▲
Contributions10/11€3k€3k=
Reserves13€1.10M€1.61M▲
Non-distributable reserves130/1€850€850=
Reserves not available under the articles1311€850€850=
Tax-exempt reserves132-€140k
Distributable reserves133€1.09M€1.47M▲
Provisions and deferred taxes16-€47k
Deferred taxes168-€47k
Amounts payable17/49€2.01M€999k▼
Amounts payable after more than one year17€877k€701k▼
Financial debts170/4€877k€701k▼
Amounts payable within one year42/48€1.13M€296k▼
Current portion of amounts payable after more than one year42€239k€170k▼
Financial debts43€297-
Credit institutions430/8€297-
Trade debts44€89k€8k▼
Suppliers440/4€89k€8k▼
Taxes, remuneration and social security45€53k€94k▲
Taxes450/3€53k€94k▲
Other amounts payable47/48€751k€24k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Remuneration, social security and pensions62€904-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€211k€32k▼
Other operating charges640/8€11k€7k▼
Gross operating margin9900€368k€758k▲
Operating profit (loss)9901€146k€720k▲
Financial income75/76B€23k€29k▲
Recurring financial income75€23k€29k▲
Financial charges65/66B€8k€19k▲
Recurring financial charges65€8k€19k▲
Profit (loss) for the period before taxes9903€160k€730k▲
Transfer to deferred taxes680-€47k
Income taxes67/77€22k€169k▲
Profit (loss) for the period9904€138k€514k▲
Transfer to tax-exempt reserves689-€140k
Profit (loss) for the period to be appropriated9905€138k€374k▲
Appropriation of the result
Profit (loss) to be appropriated9906€138k€374k▲
Transfer to equity691/2€138k€374k▲
To other reserves6921€138k€374k▲
Social balance
Average headcount (FTE)908710.1-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
14-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 167 days late
2024
31-12
Financial
Highest result since 2018net €514k ▲272%
Operating result €720k, net result €514k, both a record.
31-12
Financial
Liquidity times 5current ratio 6.78
Current ratio from 1.38 to 6.78; short-term debt falls from €1.13M to €296k.
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 153 days late
2023
31-12
Financial
Weakest financial yearnet €138k ▼65.4%
Net result drops to €138k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 151 days late
2020
31-12
Financial
Equity above €2MEq €2.27M ▲24.9%
3 profitable years in a row build equity to €2.27M.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 88 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Overijse · 1 establishment unit since 2008
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.
Duisburgsesteenweg 1233090 OverijseGround area
5,785 m²
Building footprint
1,621 m²
Volume, LiDAR
1,170 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Duisburgsesteenweg 85, 3090 Overijse
since 20082.234.155.666
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23544C0162/00B004 | Flanders | 3,038 m² | 1 · 1,438 m² | - |
| 23544C0278/00K000 | Flanders | 2,747 m² | 1 · 183 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
6994009RQZ3MO40XXH11
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Of 6,942 companies in sector 86230 we hold annual accounts for 4,291. 2,370 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
Founded21-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
86230Dental practice
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.