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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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
24 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
NORIN from Brussel, company number BE0437131191, closed financial year 2025 with a result of € 99,406 after tax. For that financial year NORIN recorded a gross margin of € -4,960 and equity of € 4.6 million. Compared with financial year 2024, the result moved from € -6,269 to € 99,406. 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 July 9, 2026.
€ 4.6 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 99,406
▲ still € 6,269 loss in 2024
Profit after tax over the fiscal year.
€ 1,724
▼ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4.5 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 9,770
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,987 | € -19,068 | € -4,760 | € -4,960 | ▼ € 200 |
| Profit after taxes | € -2,256 | € -20,645 | € -6,269 | € 99,406 | ▲ € 105,675 |
| Equity | € 4,528,539 | € 4,507,894 | € 4,501,626 | € 4,601,032 | ▲ 2% |
| Total debts | € 463,427 | € 458,063 | € 457,989 | € 348,242 | ▼ 24% |
| Cash | € 69,955 | € 43,938 | € 7,373 | € 1,724 | ▼ 77% |
| Retained profit | € 4,466,539 | € 4,445,894 | € 4,439,626 | € 4,539,032 | ▲ 2% |
| Balance sheet total | € 4,991,966 | € 4,965,957 | € 4,959,615 | € 4,949,274 |
Key figures of NORIN, 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 June 2027.
What happened to NORIN?
What happened at NORIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 99,406. filed late Source: NBB ↗
- Olivier REYNDERS became a director. NBB
- Julien REYNDERS became a director. NBB
- Audrey REYNDERS became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,256 loss in 2022 to € 99,406 profit in 2025.
Paid € 9,941 in corporate taxes since 2022.
Best year ever: 2025, with € 99,406 profit.
Management
Behind NORIN are Olivier REYNDERS, Julien REYNDERS and Audrey REYNDERS. It owns 100% of JOS REYNDERS DECOR, 99.9% of REYNDERS REAL ESTATE and 99.7% of COOLS INTERIOR itself.
Directors
According to the 2025 annual accounts
Olivier REYNDERS
Managing director
Also active at: ACCLARO LOCALIZATION & TECHNOLOGY, RERE RESIDENTIAL REAL ESTATE Ltd
since 2020
Julien REYNDERS
Director
since 2020
since 2020
Establishments
Establishment units
Physical locations of this company
Louizalaan 188
1050 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 24 companies are registered at this address.
All companies at this address →RODAPA BEHEER
€ -41,410 gross margin · 2025
METALS AND CHEMICALS
€ -3,140 gross margin · 2025
QUIRAL BELGIQUE
€ 7 million revenue · 2026
SYMBIOS Belgium
€ 522,913 gross margin · 2025
M Z PRODUCTION
€ 47,217 gross margin · 2024
+19 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
- 0437.131.191
- VAT number
- BE 0437.131.191
- Registered office
- Louizalaan 188, 1050 Brussel
- Names & denominations
- NORIN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 March 1989
- Peppol
- Active · Active since 13 Jan 2026