NOREL is a plastics manufacturer in Enghien. Private Limited, started on 13 January 1981, 1 establishment.

What is the address of NOREL?

The registered office of NOREL is located at Carembergstraat(P.E.) 66, 7850 Enghien.

Is NOREL still active?

Yes. According to the CBE (31 October 2026) NOREL is active, legal situation “Normale toestand”, started on 13 January 1981.

Is NOREL registered on Peppol?

Yes, NOREL is registered on the Peppol network with ID 0208:0421149056.

What is the enterprise number of NOREL?

The enterprise number of NOREL is BE0421149056.

When was NOREL founded?

NOREL was founded on 13 January 1981.

Who are the directors of NOREL?

According to the 2025 annual accounts, the directors of NOREL are: MDLA SRL.

Is NOREL a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 13 January 1981; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did NOREL make in 2025?

NOREL posted a profit after taxes of € 13,826 in financial year 2025.

What is the revenue of NOREL?

As a small company, NOREL is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 168,302.

How much does an employee at NOREL earn?

The average wage cost per full-time employee at NOREL was € 39,900 in 2025: staff costs of € 131,736 for 3.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does NOREL have?

According to the 2025 annual accounts, NOREL has 3.3 full-time equivalents (FTE).

NOREL (Private Limited) - Enghien - BE0421149056

Dossier NOREL, printed on 31 October 2026 from databakkes.be/en/0421149056/norel. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

NOREL from Enghien, company number BE0421149056, closed financial year 2025 with a result of € 13,826 after tax. For that financial year NOREL recorded a gross margin of € 168,302 and equity of € 233,374. Compared with financial year 2024, the result moved from € 5,641 to € 13,826. Profitable, and profit is growing. 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 September 14, 2026.

What it is worth Healthy

€ 233,374

▼ 21% vs 2024

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

Profit Growing

€ 13,826

▲ 145% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 49,094

▼ 65% vs 2024

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

Where the profit goes Pays out

€ 75,000 paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

3.3

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

Wage cost

€ 131,736

▲ 5% vs 2024

€ 39,900 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.

Vehicles and equipment

€ 45,508

▲ € 45,316 vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 5 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 51,722

€ 11,051 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 43,102

▼ 45% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 26,561

▲ 2% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 164,395 Gross margin 2022: € 164,395 First fiscal year in the series	€ 195,030 Gross margin 2023: € 195,030 ▲ 19% vs 2022 (€ 164,395) Favourable step	€ 148,615 Gross margin 2024: € 148,615 ▼ 24% vs 2023 (€ 195,030) Unfavourable step	€ 168,302 Gross margin 2025: € 168,302 ▲ 13% vs 2024 (€ 148,615) Favourable step	▲ 13%
Profit after taxes	€ 13,287 Profit after taxes 2022: € 13,287 First fiscal year in the series	€ 31,990 Profit after taxes 2023: € 31,990 ▲ 141% vs 2022 (€ 13,287) Favourable step	€ 5,641 Profit after taxes 2024: € 5,641 ▼ 82% vs 2023 (€ 31,990) Unfavourable step	€ 13,826 Profit after taxes 2025: € 13,826 ▲ 145% vs 2024 (€ 5,641) Favourable step	▲ 145%
Equity	€ 256,917 Equity 2022: € 256,917 First fiscal year in the series	€ 288,907 Equity 2023: € 288,907 ▲ 12% vs 2022 (€ 256,917) Favourable step	€ 294,548 Equity 2024: € 294,548 ▲ 2% vs 2023 (€ 288,907) Favourable step	€ 233,374 Equity 2025: € 233,374 ▼ 21% vs 2024 (€ 294,548) Unfavourable step	▼ 21%
Total debts	€ 142,896 Total debts 2022: € 142,896 First fiscal year in the series	€ 239,396 Total debts 2023: € 239,396 ▲ 68% vs 2022 (€ 142,896) Unfavourable step	€ 117,127 Total debts 2024: € 117,127 ▼ 51% vs 2023 (€ 239,396) Favourable step	€ 121,709 Total debts 2025: € 121,709 ▲ 4% vs 2024 (€ 117,127) Unfavourable step	▲ 4%
Cash	€ 91,815 Cash 2022: € 91,815 First fiscal year in the series	€ 87,114 Cash 2023: € 87,114 ▼ 5% vs 2022 (€ 91,815) Unfavourable step	€ 139,163 Cash 2024: € 139,163 ▲ 60% vs 2023 (€ 87,114) Favourable step	€ 49,094 Cash 2025: € 49,094 ▼ 65% vs 2024 (€ 139,163) Unfavourable step	▼ 65%
Land & buildings	-	€ 22,799 Land & buildings 2023: € 22,799 First fiscal year in the series	€ 1,959 Land & buildings 2024: € 1,959 ▼ 91% vs 2023 (€ 22,799) Unchanged	-
Retained profit	€ 222,832 Retained profit 2022: € 222,832 First fiscal year in the series	€ 254,821 Retained profit 2023: € 254,821 ▲ 14% vs 2022 (€ 222,832) Favourable step	€ 260,462 Retained profit 2024: € 260,462 ▲ 2% vs 2023 (€ 254,821) Favourable step	€ 199,289 Retained profit 2025: € 199,289 ▼ 23% vs 2024 (€ 260,462) Unfavourable step	▼ 23%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 75,000 Dividend 2025: € 75,000 Unchanged (€ 0) Unchanged
Bank debt	€ 3,689 Bank debt 2022: € 3,689 First fiscal year in the series	€ 7,860 Bank debt 2023: € 7,860 ▲ 113% vs 2022 (€ 3,689) Unfavourable step	€ 0 Bank debt 2024: € 0 ▼ 100% vs 2023 (€ 7,860) Favourable step	€ 51,722 Bank debt 2025: € 51,722 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 399,813 Balance sheet total 2022: € 399,813 First fiscal year in the series	€ 528,302 Balance sheet total 2023: € 528,302 ▲ 32% vs 2022 (€ 399,813) Unchanged	€ 411,675 Balance sheet total 2024: € 411,675 ▼ 22% vs 2023 (€ 528,302) Unchanged	€ 355,083 Balance sheet total 2025: € 355,083 ▼ 14% vs 2024 (€ 411,675) Unchanged	▼ 14%
Employees (FTE)	3.2 Employees (FTE) 2022: 3.2 First fiscal year in the series	3.2 Employees (FTE) 2023: 3.2 Unchanged (3.2) Unchanged	3.3 Employees (FTE) 2024: 3.3 ▲ 0.1 vs 2023 (3.2) Unchanged	3.3 Employees (FTE) 2025: 3.3 Unchanged (3.3) Unchanged

Key figures of NOREL, 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 NOREL?

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

Sep 14, 2026 New annual accounts for financial year 2025: profit of € 13,826 (▲ 145% vs 2024). filed late Source: NBB ↗
2025 MDLA SRL became a director. NBB
Jan 21, 1981 New establishment in Enghien. KBO
Jan 13, 1981 Start of the company according to the CBE. KBO

In short

From € 13,287 profit in 2022 to € 13,826 profit in 2025.

Paid € 24,285 in corporate taxes since 2022.

Best year ever: 2023, with € 31,990 profit.

On average € 51,000 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

MDLA

The stake of MDLA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

NOREL

Behind NOREL is MDLA SRL. The shares are held by MDLA.

Directors

According to the 2025 annual accounts

MDLA SRL

Director · represented by Ludovic Ménédème, Andy Derycke

since 2025

Shareholders

MDLA

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Carembergstraat(P.E.) 66

7850 Enghien

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

MTLB Healthcare Consulting

€ 20,973 gross margin · 2025

MDLA same network

€ 6,838 gross margin · 2025

Ambiance Sticker

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

Details

Company number

0421.149.056

VAT number

BE 0421.149.056

Registered office

Carembergstraat(P.E.) 66, 7850 Enghien

Names & denominations

NOREL

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

13 January 1981

Peppol

Active · Active since 29 Dec 2025

Activities · NACE

Vervaardiging van andere producten van kunststof

Vervaardiging van overige producten van kunststof

Activiteiten van reclamebureaus

Publiciteitsagentschappen

View on CBE Public ↗ Annual accounts (NBB) ↗

NOREL

Financials

What happened to NOREL?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions