Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Shrinking team NBB
FTE fell two years in a row, from 88.5 to 62.9.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
NORDEX from Arendonk, company number BE0412930483, closed financial year 2025 with a result of € -439,956 after tax. For that financial year NORDEX recorded revenue of € 10 million and equity of € 3 million. Compared with financial year 2024, the result moved from € -373,174 to € -439,956. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 28, 2026.
€ 3 million
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -439,956
▼ 18 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.1 million
▼ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 551,777.
People and assets in 2025
62.9
▼ 16.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.8 million
▼ 22% vs 2024
€ 60,000 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.
€ 41,344
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 292,375
▼ 72% vs 2024
Loans from banks and other lenders, long and short.
€ 655,760
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 40 days on average.
€ 526,328
▼ 34% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,917,548 | € 14,303,845 | € 13,665,936 | € 9,957,786 | ▼ 27% |
| Profit after taxes | € -1,157,029 | € -535,961 | € -373,174 | € -439,956 | ▼ € 66,781 |
| Equity | € 4,324,474 | € 3,788,514 | € 3,415,340 | € 2,975,384 | ▼ 13% |
| Total debts | € 4,632,553 | € 5,200,918 | € 4,848,066 | € 3,418,061 | ▼ 29% |
| Cash | € 441,781 | € 754,179 | € 1,185,558 | € 1,119,285 | ▼ 6% |
| Land & buildings | € 1,162,302 | € 1,141,945 | € 1,090,005 | € 1,060,235 | ▼ 3% |
| Retained profit | € 1,900,867 | € 1,364,907 | € 991,733 | € 551,777 | ▼ 44% |
| Bank debt | € 955,265 | € 1,106,961 | € 1,053,698 | € 292,375 | ▼ 72% |
| Balance sheet total | € 9,281,195 | € 9,313,600 | € 8,263,405 | € 6,393,445 | ▼ 23% |
| Employees (FTE) | 92.3 | 88.5 | 79.1 | 62.9 | ▼ 16.2 |
Key figures of NORDEX, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to NORDEX?
What happened at NORDEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 439,956. Source: NBB ↗
- Herman Loots became a director. NBB
- Irene Loots became a director. NBB
- Simonne Cosemans stepped down as director. NBB
- Immolo NV stepped down as director. NBB
- Simonne Cosemans became a director. NBB
- Immolo NV became a director. NBB
- New establishment in Aalter. KBO
In short
From € 1.2 million loss in 2022 to € 439,956 loss in 2025.
Paid € 24,447 in corporate taxes since 2022.
Pays suppliers within 40 days on average.
Management
The stake of IMMOLO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NORDEXBehind NORDEX are Herman Loots and Irene Loots. The shares are held by IMMOLO (99%).
Directors
According to the 2025 annual accounts
Shareholders
99%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hoge Mauw 300
2370 Arendonk
Mechelsesteenweg 93
1910 Kampenhout
Active since 7 December 1998
Vosveld 11A box WTT2
2110 Wijnegem
Active since 16 May 2006
Knokkebaan 8
9880 Aalter
Active since 1 July 2017
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.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
DIGITALOCEAN-ASN - DigitalOcean, LLC, US
Website info
Features
Security
Details
- Company number
- 0412.930.483
- VAT number
- BE 0412.930.483
- Registered office
- Hoge Mauw 300, 2370 Arendonk
- Names & denominations
- NORDEX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 January 1973
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- nordex.be
- Activities · NACE
Vervaardiging van schrijn- en timmerwerk
Vervaardiging van ander schrijn- en timmerwerk
Plaatsen van vloerbedekking en wandbekleding van hout