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.
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Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 87.2 to 72.2.
Financials
Financial year 2025
Normec OWS from Gent, company number BE0433270195, closed financial year 2025 with a result of € -1.2 million after tax. For that financial year Normec OWS recorded revenue of € 8.8 million and equity of € 13.2 million. Compared with financial year 2024, the result moved from € -537,916 to € -1.2 million. 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 May 29, 2026.
€ 13.2 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.2 million
▼ 116 % more loss than in 2024
Profit after tax over the fiscal year.
€ 325,666
▼ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 9.7 million.
People and assets in 2025
72.2
▼ 10.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.9 million
▼ 10% vs 2024
€ 82,000 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.
€ 6.2 million
▼ 4% vs 2024
Of which on lease € 6 million.
Debts at end 2025
€ 5.9 million
▼ 4% vs 2024
€ 418,660 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 1 million
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 134 days on average.
€ 692,986
▼ 33% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 9,740,467 | € 9,608,573 | € 11,636,138 | € 8,779,373 | ▼ 25% |
| Profit after taxes | € 2,716,337 | € 3,875,024 | € -537,916 | € -1,162,956 | ▼ € 625,040 |
| Equity | € 9,973,783 | € 13,802,012 | € 13,294,961 | € 13,246,051 | |
| Total debts | € 14,560,610 | € 18,877,173 | € 13,609,070 | € 11,966,829 | ▼ 12% |
| Cash | € 1,373,725 | € 4,680,767 | € 1,802,110 | € 325,666 | ▼ 82% |
| Land & buildings | € 0 | - | - | - | |
| Retained profit | € 7,557,781 | € 11,432,805 | € 10,894,889 | € 9,731,933 | ▼ 11% |
| Bank debt | € 5,869,118 | € 6,318,157 | € 6,201,608 | € 5,931,018 | ▼ 4% |
| Balance sheet total | € 24,926,503 | € 33,056,236 | € 27,291,430 | € 25,970,979 | ▼ 5% |
| Employees (FTE) | 88 | 87.2 | 82.6 | 72.2 | ▼ 10.4 |
Key figures of Normec OWS, 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 Normec OWS?
What happened at Normec OWS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gunther Van Cauwenberge stepped down as director. NBB
- Mariska Van Schaik stepped down as director. NBB
- Christianus Zomer stepped down as director. NBB
- Britt Schuurs stepped down as director. NBB
- Joep Bruins stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.2 million. Source: NBB ↗
- Gunther Van Cauwenberge became a director. NBB
- Mariska Van Schaik became a director. NBB
In short
From € 2.7 million profit in 2022 to € 1.2 million loss in 2025.
Paid € 1.4 million in corporate taxes since 2022.
Best year ever: 2023, with € 3.9 million profit.
Pays suppliers within 134 days on average.
Management
The stake of VLAM - N - VEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Normec OWSBehind Normec OWS is Sam Deconinck. The shares are held by VLAM - N - VEST (100%). It owns 100% of OWS INC and 60% of NORMEC OWS HT&P itself.
Directors
According to the 2025 annual accounts
since 2021
Mariska Van Schaik
bestuurder
since 2023 · until 2029
Christianus Zomer
Director
since 2020 · until 2027
Britt Schuurs
Director
since 2020 · until 2027
Gunther Van Cauwenberge
Director
since 2024 · until 2030
Joep Bruins
Director
since 2020 · until 2027
Shareholders
100%
Participations
OWS INC
100%
60%
Establishments
Establishment units
Physical locations of this company
Pantserschipstraat 163
9000 Gent
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
- 0433.270.195
- VAT number
- BE 0433.270.195
- Registered office
- Pantserschipstraat 163, 9000 Gent
- Names & denominations
- Normec OWS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 February 1988
- Peppol
- Active · Active since 14 Oct 2025
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