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
NORLAND from Andenne, company number BE0449333395, closed financial year 2025 with a result of € -129,563 after tax. For that financial year NORLAND recorded revenue of € 9 million and equity of € 3.6 million. Compared with financial year 2024, the result moved from € -374,167 to € -129,563. 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 June 30, 2026.
€ 3.6 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -129,563
▲ 65 % less loss than in 2024
Profit after tax over the fiscal year.
€ 45,244
▼ 80% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.9 million.
People and assets in 2025
12.8
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 769,887
€ 60,100 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.
€ 229,298
▲ € 196,938 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.9 million
▲ 106% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 78 days on average.
€ 69,508
▼ 14% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,366,159 | € 9,035,183 | € 8,454,803 | € 8,954,971 | ▲ 6% |
| Profit after taxes | € 68,810 | € 127,912 | € -374,167 | € -129,563 | ▲ € 244,604 |
| Equity | € 3,946,249 | € 4,074,161 | € 3,699,994 | € 3,570,431 | ▼ 4% |
| Total debts | € 704,652 | € 1,185,381 | € 1,131,368 | € 1,960,106 | ▲ 73% |
| Cash | € 95,068 | € 99,941 | € 227,126 | € 45,244 | ▼ 80% |
| Land & buildings | € 57,613 | € 45,312 | € 204,188 | € 316,126 | ▲ 55% |
| Retained profit | € 2,230,462 | € 2,358,374 | € 1,984,207 | € 1,854,644 | ▼ 7% |
| Balance sheet total | € 4,650,902 | € 5,259,542 | € 4,846,361 | € 5,530,537 | ▲ 14% |
| Employees (FTE) | 12.4 | 13.2 | 13.2 | 12.8 | ▼ 0.4 |
Key figures of NORLAND, 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 NORLAND?
What happened at NORLAND in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gattsu BV stepped down as director. NBB
- Mark Cavell Portman stepped down as director. NBB
- Alan Joseph Bergin stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 129,563. Source: NBB ↗
- Gattsu BV became a director. NBB
- Mark Cavell Portman became a director. NBB
- Peatinvest NV stepped down as director. NBB
- Alan Joseph Bergin became a director. NBB
In short
From € 68,810 profit in 2022 to € 129,563 loss in 2025.
Paid € 99,768 in corporate taxes since 2022.
Best year ever: 2023, with € 127,912 profit.
Pays suppliers within 78 days on average.
Management
The stake of PEATINVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NORLANDThe shares are held by PEATINVEST (100%).
Directors
According to the 2025 annual accounts
Director
Also active at: AGARIS BELGIUM, AGROFINO TRANSPORT, PEATINVEST, Myco-invest, SEQUOIA GM
since 2026 · until 2031
since 2026 · until 2031
Director · represented by Philippe Gysen
Also active at: AGARIS BELGIUM, AGROFINO TRANSPORT
since 2023 · until 2026
since 2026 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Reppe 20 box B
5300 Andenne
Rue Reppe 20 B
5300 Andenne
Active since 4 March 2002
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →MEUSE ET SAMBRE
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€ 1.8 million gross margin · 2025
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€ 194,784 gross margin · 2025
BATIA MOSA SHIPYARD ANDENNE
€ 1.4 million gross margin · 2025
Multronic AutoPower
€ 10,613 gross margin · 2025
+2 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
- 0449.333.395
- VAT number
- BE 0449.333.395
- Registered office
- Rue Reppe 20 bus B, 5300 Andenne
- Names & denominations
- NORLAND
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 January 1993
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van kunstmeststoffen en stikstofverbindingen
Vervaardiging van kunstmeststoffen
Groothandel in chemische producten
Bosbouw
Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken
Gespecialiseerde detailhandel in bloemen en planten, zaden en kunstmeststoffen
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
+5