What does Norgine do?

Norgine is a wholesaler in Leuven. Public Limited, started on 1 January 1930, 1 establishment.

What is the address of Norgine?

The registered office of Norgine is located at Philipssite 5 box 1, 3001 Leuven.

Is Norgine still active?

Yes. According to the CBE (29 October 2026) Norgine is active, legal situation “Normale toestand”, started on 1 January 1930.

Is Norgine registered on Peppol?

Yes, Norgine is registered on the Peppol network with ID 0208:0403077461.

What is the enterprise number of Norgine?

The enterprise number of Norgine is BE0403077461.

When was Norgine founded?

Norgine was founded on 1 January 1930.

The shares are held by Norgine Ltd. (1 aandeel) and Norgine B.V. (599 aandelen).

Is Norgine a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 January 1930; 4 annual accounts filed, latest fiscal year 2024.

How much profit did Norgine make in 2024?

Norgine posted a profit after taxes of € 776,540 in financial year 2024.

What is the revenue of Norgine?

In its most recent annual accounts (2024), Norgine reported revenue of € 19,148,743.

How much does an employee at Norgine earn?

The average wage cost per full-time employee at Norgine was € 255,900 in 2024: staff costs of € 6 million for 23.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Norgine have?

According to the 2024 annual accounts, Norgine has 23.6 full-time equivalents (FTE).

Norgine (Public Limited) - Leuven - BE0403077461

Dossier Norgine, printed on 29 October 2026 from databakkes.be/en/0403077461/norgine. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Shrinking team NBB

FTE fell two years in a row, from 29.7 to 23.6.
Busy address KBO

86 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2024

Norgine from Leuven, company number BE0403077461, closed financial year 2024 with a result of € 776,540 after tax. For that financial year Norgine recorded revenue of € 19.1 million and equity of € 7 million. Compared with financial year 2023, the result moved from € 316,589 to € 776,540. 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 October 6, 2025.

What it is worth Growing

€ 7 million

▲ 13% vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 776,540

▲ 145% vs 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 208,627

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2024. Retained profit grew to € 6.9 million.

People and assets in 2024

Full-time equivalents

23.6

▼ 3.9 vs 2023

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 2.8 million in 2024, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 6 million

▲ 34% vs 2023

€ 255,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Debts at end 2024

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 4.9 million

▲ € 4.2 million vs 2023

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 88 days on average.

Taxes and wages

€ 1.9 million

▼ 26% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Revenue	€ 17,180,487 Revenue 2021: € 17,180,487 First fiscal year in the series	€ 17,628,205 Revenue 2022: € 17,628,205 ▲ 3% vs 2021 (€ 17,180,487) Favourable step	€ 18,299,896 Revenue 2023: € 18,299,896 ▲ 4% vs 2022 (€ 17,628,205) Favourable step	€ 19,148,743 Revenue 2024: € 19,148,743 ▲ 5% vs 2023 (€ 18,299,896) Favourable step	▲ 5%
Profit after taxes	€ 299,165 Profit after taxes 2021: € 299,165 First fiscal year in the series	€ 227,723 Profit after taxes 2022: € 227,723 ▼ 24% vs 2021 (€ 299,165) Unfavourable step	€ 316,589 Profit after taxes 2023: € 316,589 ▲ 39% vs 2022 (€ 227,723) Favourable step	€ 776,540 Profit after taxes 2024: € 776,540 ▲ 145% vs 2023 (€ 316,589) Favourable step	▲ 145%
Equity	€ 5,630,201 Equity 2021: € 5,630,201 First fiscal year in the series	€ 5,857,924 Equity 2022: € 5,857,924 ▲ 4% vs 2021 (€ 5,630,201) Favourable step	€ 6,174,513 Equity 2023: € 6,174,513 ▲ 5% vs 2022 (€ 5,857,924) Favourable step	€ 6,956,923 Equity 2024: € 6,956,923 ▲ 13% vs 2023 (€ 6,174,513) Favourable step	▲ 13%
Total debts	€ 1,407,549 Total debts 2021: € 1,407,549 First fiscal year in the series	€ 2,904,291 Total debts 2022: € 2,904,291 ▲ 106% vs 2021 (€ 1,407,549) Unfavourable step	€ 3,419,142 Total debts 2023: € 3,419,142 ▲ 18% vs 2022 (€ 2,904,291) Unfavourable step	€ 7,088,342 Total debts 2024: € 7,088,342 ▲ 107% vs 2023 (€ 3,419,142) Unfavourable step	▲ 107%
Cash	€ 187,985 Cash 2021: € 187,985 First fiscal year in the series	€ 17,858 Cash 2022: € 17,858 ▼ 91% vs 2021 (€ 187,985) Unfavourable step	€ 209,050 Cash 2023: € 209,050 ▲ € 191,192 vs 2022 (€ 17,858) Favourable step	€ 208,627 Cash 2024: € 208,627 Unchanged (€ 209,050) Unfavourable step
Retained profit	€ 5,531,044 Retained profit 2021: € 5,531,044 First fiscal year in the series	€ 5,758,767 Retained profit 2022: € 5,758,767 ▲ 4% vs 2021 (€ 5,531,044) Favourable step	€ 6,075,356 Retained profit 2023: € 6,075,356 ▲ 5% vs 2022 (€ 5,758,767) Favourable step	€ 6,857,766 Retained profit 2024: € 6,857,766 ▲ 13% vs 2023 (€ 6,075,356) Favourable step	▲ 13%
Balance sheet total	€ 7,050,555 Balance sheet total 2021: € 7,050,555 First fiscal year in the series	€ 8,775,020 Balance sheet total 2022: € 8,775,020 ▲ 24% vs 2021 (€ 7,050,555) Unchanged	€ 9,606,460 Balance sheet total 2023: € 9,606,460 ▲ 9% vs 2022 (€ 8,775,020) Unchanged	€ 14,058,070 Balance sheet total 2024: € 14,058,070 ▲ 46% vs 2023 (€ 9,606,460) Unchanged	▲ 46%
Employees (FTE)	31.8 Employees (FTE) 2021: 31.8 First fiscal year in the series	29.7 Employees (FTE) 2022: 29.7 ▼ 2.1 vs 2021 (31.8) Unchanged	27.5 Employees (FTE) 2023: 27.5 ▼ 2.2 vs 2022 (29.7) Unchanged	23.6 Employees (FTE) 2024: 23.6 ▼ 3.9 vs 2023 (27.5) Unchanged	▼ 3.9

Key figures of Norgine, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to Norgine?

What happened at Norgine in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Oct 6, 2025 New annual accounts for financial year 2024: profit of € 776,540 (▲ 145% vs 2023). filed late Source: NBB ↗
Sep 1, 2024 New establishment in Leuven. KBO
Jan 1, 1930 Start of the company according to the CBE. KBO

In short

From € 299,165 profit in 2021 to € 776,540 profit in 2024.

Paid € 892,706 in corporate taxes since 2021.

Best year ever: 2024, with € 776,540 profit.

Pays suppliers within 88 days on average.

Original PDFs at the National Bank ↗

Establishments

Establishment units

Physical locations of this company

Registered office

Philipssite 5 box 1

3001 Leuven

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 86 companies are registered at this address.

All companies at this address →

DRAKA BELGIUM

€ 3.4 million revenue · 2025

LOFMA

€ 1.8 million gross margin · 2025

G.I.M. - GEOGRAPHIC INFORMATION MANAGEMENT

€ 7.1 million revenue · 2025

ADVOCATENASSOCIATIE NELISSEN GRADE

€ 477,864 gross margin · 2025

CHRISTY

€ 280,605 gross margin · 2025

+81 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0403.077.461

VAT number

BE 0403.077.461

Registered office

Philipssite 5 bus 1, 3001 Leuven

Names & denominations

Norgine

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 January 1930

Peppol

Active · Active since 23 Jan 2026

Activities · NACE

Groothandel in farmaceutische en medische artikelen

Groothandel in farmaceutische producten

View on CBE Public ↗ Annual accounts (NBB) ↗