Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
NORMANDY ESTATE from Elsene, company number BE0451310415, closed financial year 2024 with a result of € -53,411 after tax. For that financial year NORMANDY ESTATE recorded a gross margin of € -22,563 and equity of € -52,675. Compared with financial year 2023, the result moved from € 142,962 to € -53,411. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 27, 2025.
€ -52,675
▼ € 53,411 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -53,411
▼ still € 142,962 profit in 2023
Profit after tax over the fiscal year.
€ 3,642
▲ 115% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -114,675.
People and assets in 2024
€ 697
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 206,919
▼ 8% vs 2023
€ 28,836 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 8,782
▲ 95% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 3,289
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 46,834 | € -43,805 | € 171,400 | € -22,563 | ▼ € 193,963 |
| Profit after taxes | € -5,065 | € -38,715 | € 142,962 | € -53,411 | ▼ € 196,373 |
| Equity | € -103,512 | € -142,226 | € 736 | € -52,675 | ▼ € 53,411 |
| Total debts | € 846,635 | € 860,311 | € 568,119 | € 593,407 | ▲ 4% |
| Cash | - | € 12,545 | € 1,691 | € 3,642 | ▲ 115% |
| Land & buildings | € 343,739 | € 330,518 | € 225,834 | € 208,025 | ▼ 8% |
| Retained profit | € -165,512 | € -204,226 | € -61,264 | € -114,675 | ▼ € 53,411 |
| Bank debt | € 547,183 | € 483,289 | € 224,274 | € 206,919 | ▼ 8% |
| Balance sheet total | € 743,123 | € 718,085 | € 568,855 | € 540,732 | ▼ 5% |
Key figures of NORMANDY ESTATE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to NORMANDY ESTATE?
What happened at NORMANDY ESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 53,411 (▼ € 196,373 vs 2023). filed late Source: NBB ↗
- Jariya SEETHAO became a director. NBB
- Thierry HOLLEBECQ became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,065 loss in 2021 to € 53,411 loss in 2024.
Paid € 229 in corporate taxes since 2021.
Best year ever: 2023, with € 142,962 profit.
A new publication or filing at NORMANDY ESTATE? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind NORMANDY ESTATE are Thierry HOLLEBECQ and Jariya SEETHAO. It owns 84% of AB DIFFUSION (en faillite) itself.
Directors
According to the 2024 annual accounts
since 2018
since 2019
Establishments
Establishment units
Physical locations of this company
Louizalaan 203
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
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€ 118,666 gross margin · 2025
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€ 998 gross margin · 2024
+10 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
- 0451.310.415
- VAT number
- BE 0451.310.415
- Registered office
- Louizalaan 203, 1050 Elsene
- Names & denominations
- NORMANDY ESTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 October 1993
- Peppol
- Not registered
- Activities · NACE
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
Groothandel in kleding, met uitzondering van werk- en onderkleding