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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NOORDZEE HANDELSMAATSCHAPPIJ from Wingene, company number BE0414233946, closed financial year 2025 with a result of € -402,200 after tax. For that financial year NOORDZEE HANDELSMAATSCHAPPIJ recorded a gross margin of € 175,293 and equity of € 262,487. Compared with financial year 2024, the result moved from € -157,408 to € -402,200. The company made a loss. The buffer shrank hard: equity is 61 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 262,487
▼ 61% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -402,200
▼ 156 % more loss than in 2024
Profit after tax over the fiscal year.
€ 83,575
▼ 51% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 14,594.
People and assets in 2025
4.3
Average over the fiscal year, from the social balance sheet.
€ 277,733
▲ 18% vs 2024
€ 64,600 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.
€ 452,772
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 237,192
▼ 43% vs 2024
€ 108,568 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 935,879
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 43,927
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 871,793 | € 1,022,978 | € 411,171 | € 175,293 | ▼ 57% |
| Profit after taxes | € 453,177 | € 400,719 | € -157,408 | € -402,200 | ▼ € 244,791 |
| Equity | € 671,377 | € 822,096 | € 664,687 | € 262,487 | ▼ 61% |
| Total debts | € 1,809,428 | € 1,712,298 | € 1,754,376 | € 1,677,015 | ▼ 4% |
| Cash | € 263,424 | € 367,434 | € 171,133 | € 83,575 | ▼ 51% |
| Retained profit | € 423,483 | € 574,202 | € 416,794 | € 14,594 | ▼ 96% |
| Dividend | € 350,000 | € 250,000 | € 0 | € 0 | |
| Bank debt | € 643,713 | € 456,725 | € 415,943 | € 237,192 | ▼ 43% |
| Balance sheet total | € 2,492,308 | € 2,544,647 | € 2,428,067 | € 1,947,256 | ▼ 20% |
| Employees (FTE) | 3.4 | 3.4 | 4.3 | 4.3 |
Key figures of NOORDZEE HANDELSMAATSCHAPPIJ, 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 NOORDZEE HANDELSMAATSCHAPPIJ?
What happened at NOORDZEE HANDELSMAATSCHAPPIJ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 402,200. filed late Source: NBB ↗
- New establishment in Wingene. KBO
- New establishment in Wingene. KBO
- Galna became a director. NBB
- Verlamco became a director. NBB
- New establishment in Wingene. KBO
- New establishment in Wingene. KBO
- Rilaco became a director. NBB
In short
From € 453,177 profit in 2022 to € 402,200 loss in 2025.
Paid € 82,305 in corporate taxes since 2022.
Best year ever: 2022, with € 453,177 profit.
On average € 40,800 of value added per employee in 2025.
A new publication or filing at NOORDZEE HANDELSMAATSCHAPPIJ? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of RILACO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NOORDZEE HANDELSMAATSCHAPPIJBehind NOORDZEE HANDELSMAATSCHAPPIJ are Galna, Rilaco and Verlamco. The shares are held by RILACO (49%).
Directors
According to the 2025 annual accounts
Shareholders
49%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hille-Zuid 6
8750 Wingene
Flandria 17
8750 Wingene
Active since 12 April 2018
Flandria 14
8750 Wingene
Active since 13 September 2022
Hille-Zuid 3
8750 Wingene
Active since 13 September 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0414.233.946
- VAT number
- BE 0414.233.946
- Registered office
- Hille-Zuid 6, 8750 Wingene
- Names & denominations
- NOORDZEE HANDELSMAATSCHAPPIJ · N.Z.H.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 April 1974
- Peppol
- Active · Active since 7 Jan 2026
- Activities · NACE
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