Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
NRO from Namur, company number BE0401404113, closed financial year 2025 with a result of € 142,275 after tax. For that financial year NRO recorded a gross margin of € 181,409 and equity of € 978,638. Compared with financial year 2024, the result moved from € 3,142 to € 142,275. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 978,638
▲ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 142,275
▲ € 139,133 vs 2024
Profit after tax over the fiscal year.
€ 99
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 916,638.
Debts at end 2025
€ 37,500
▼ 25% vs 2024
€ 12,500 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 67,793
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 91,987 | € 102,829 | € 103,550 | - | |
| Gross margin | € 73,100 | € 67,522 | € 76,093 | € 181,409 | ▲ 138% |
| Profit after taxes | € 65,050 | € -37,500 | € 3,142 | € 142,275 | ▲ € 139,133 |
| Equity | € 870,720 | € 833,221 | € 836,363 | € 978,638 | ▲ 17% |
| Total debts | € 231,323 | € 192,881 | € 118,755 | € 125,946 | ▲ 6% |
| Cash | € 421 | € 12,752 | € 8,520 | € 99 | ▼ 99% |
| Retained profit | € 808,720 | € 771,221 | € 774,363 | € 916,638 | ▲ 18% |
| Bank debt | € 75,000 | € 62,500 | € 50,000 | € 37,500 | ▼ 25% |
| Balance sheet total | € 1,210,456 | € 1,237,915 | € 1,270,331 | € 1,212,997 | ▼ 5% |
Key figures of NRO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to NRO?
What happened at NRO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 142,275 (▲ € 139,133 vs 2024). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Namur. KBO
In short
From € 65,050 profit in 2022 to € 142,275 profit in 2025.
Paid € 121,710 in corporate taxes since 2022.
Best year ever: 2025, with € 142,275 profit.
Management
Behind NRO is JEAN-MARIE LEDOUX. JEAN-MARIE LEDOUX is also behind Terrains et Immeubles.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Avenue de la Pairelle 1 box 10
5000 Namur
Avenue de la Plante 31
5000 Namur
Active since 1 January 1957
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.404.113
- VAT number
- BE 0401.404.113
- Registered office
- Avenue de la Pairelle 1 bus 10, 5000 Namur
- Names & denominations
- NRO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 January 1957
- Peppol
- Not registered