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 32 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
NOORDCO from Elsene, company number BE0455120733, closed financial year 2024 with a result of € 1,873 after tax. For that financial year NOORDCO recorded a gross margin of € 581,286 and equity of € 2.7 million. Compared with financial year 2023, the result moved from € 189,473 to € 1,873. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2025.
€ 2.7 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,873
▼ 99% vs 2023
Profit after tax over the fiscal year.
€ 15,213
▼ 67% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 2 million.
Debts at end 2024
€ 3.8 million
▼ 8% vs 2023
€ 684,347 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 331,250
▲ 44% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 121,157
▲ 25% vs 2023
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 | € 463,818 | € 585,617 | € 572,084 | € 581,286 | ▲ 2% |
| Profit after taxes | € 59,901 | € 173,313 | € 189,473 | € 1,873 | ▼ 99% |
| Equity | € 2,365,526 | € 2,538,839 | € 2,728,312 | € 2,730,185 | |
| Total debts | € 8,666,674 | € 8,268,187 | € 8,109,391 | € 7,880,222 | ▼ 3% |
| Cash | € 65,499 | € 10,547 | € 45,861 | € 15,213 | ▼ 67% |
| Land & buildings | € 7,695,006 | € 7,497,806 | € 7,300,905 | € 7,118,159 | ▼ 3% |
| Retained profit | € 1,603,526 | € 1,776,839 | € 1,966,312 | € 1,968,185 | |
| Bank debt | € 5,084,049 | € 4,577,512 | € 4,082,578 | € 3,762,920 | ▼ 8% |
| Balance sheet total | € 11,837,249 | € 11,577,397 | € 11,590,734 | € 11,346,098 | ▼ 2% |
Key figures of NOORDCO, 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 NOORDCO?
What happened at NOORDCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ESPACE VOYAGES INTERNATIONAL SA stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 1,873 (▼ 99% vs 2023). filed late Source: NBB ↗
- ESPACE VOYAGES INTERNATIONAL SA became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 59,901 profit in 2021 to € 1,873 profit in 2024.
Paid € 173,806 in corporate taxes since 2021.
Best year ever: 2023, with € 189,473 profit.
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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
Directors
According to the 2024 annual accounts
ESPACE VOYAGES INTERNATIONAL SA
Director · represented by Lokman SEVER
Also active at: Immonali, Immobilière Tervuren Cinquantenaire, ESPACE VOYAGES BRUSSELS
since 2024 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Emile Clausstraat 16 box RC
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0455.120.733
- VAT number
- BE 0455.120.733
- Registered office
- Emile Clausstraat 16 bus RC, 1050 Elsene
- Names & denominations
- NOORDCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 April 1995
- Peppol
- Active · Active since 2 Jan 2026