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 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NORCEL BELGIUM from Vresse-sur-Semois, company number BE0443759954, closed financial year 2025 with a result of € 477 after tax. For that financial year NORCEL BELGIUM recorded a gross margin of € 64,017 and equity of € 60,929. Compared with financial year 2024, the result moved from € 1,970 to € 477. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 60,929
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 477
▼ 76% vs 2024
Profit after tax over the fiscal year.
€ 68,529
▲ 8% 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 € -92,885.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,563
▲ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,957
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 | € 56,701 | € 78,988 | € 68,304 | € 64,017 | ▼ 6% |
| Profit after taxes | € 10,140 | € -3,721 | € 1,970 | € 477 | ▼ 76% |
| Equity | € 62,203 | € 58,481 | € 60,452 | € 60,929 | ▲ 1% |
| Total debts | € 381,454 | € 371,469 | € 341,484 | € 356,253 | ▲ 4% |
| Cash | € 28,334 | € 59,529 | € 63,234 | € 68,529 | ▲ 8% |
| Land & buildings | € 403,452 | € 361,014 | € 327,264 | € 294,503 | ▼ 10% |
| Retained profit | € -91,611 | € -95,332 | € -93,362 | € -92,885 | ▲ € 477 |
| Balance sheet total | € 443,657 | € 429,950 | € 401,935 | € 417,181 | ▲ 4% |
Key figures of NORCEL BELGIUM, 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 NORCEL BELGIUM?
What happened at NORCEL BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tim De Schepper stepped down as director. NBB
- Sofie De Schepper stepped down as director. NBB
- Fabienne Martens stepped down as director. NBB
- Koenraad De Schepper stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 477 (▼ 76% vs 2024). Source: NBB ↗
- Tim De Schepper became a director. NBB
- Sofie De Schepper became a director. NBB
- Fabienne Martens became a director. NBB
In short
From € 10,140 profit in 2022 to € 477 profit in 2025.
Best year ever: 2022, with € 10,140 profit.
Management
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Sofie De Schepper
Director
since 2023 · until 2029
Fabienne Martens
Managing director
since 2023 · until 2029
Koenraad De Schepper
Managing director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Rue Docteur Hensenne,Alle 32
5550 Vresse-sur-Semois
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0443.759.954
- VAT number
- BE 0443.759.954
- Registered office
- Rue Docteur Hensenne,Alle 32, 5550 Vresse-sur-Semois
- Names & denominations
- NORCEL BELGIUM · NORCEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 March 1991
- Peppol
- Active · Active since 28 Oct 2025
- Activities · NACE
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