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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Legal situation KBO
Opschorting (gerechtelijke reorganisatie) according to the CBE.
Financials
Financial year 2025
NORINE from Brunehaut, company number BE0473206778, closed financial year 2025 with a result of € -6,413 after tax. For that financial year NORINE recorded a gross margin of € 36,955 and equity of € -19,201. Compared with financial year 2024, the result moved from € 4,688 to € -6,413. 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 November 26, 2025.
€ -19,201
▼ € 6,413 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,413
▼ still € 4,688 profit in 2024
Profit after tax over the fiscal year.
€ 1,200
▲ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -37,793.
People and assets in 2025
€ 15,321
▼ 7% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 300
▼ 63% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 136,958
▼ 11% vs 2024
€ 28,525 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 5,292
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,672
▲ € 3,818 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 19,807 | € 45,478 | € 43,878 | € 36,955 | ▼ 16% |
| Profit after taxes | € -24,384 | € 1,127 | € 4,688 | € -6,413 | ▼ € 11,101 |
| Equity | € -39,560 | € -38,432 | € -12,788 | € -19,201 | ▼ € 6,413 |
| Total debts | € 192,078 | € 177,601 | € 158,751 | € 146,922 | ▼ 7% |
| Cash | € 13,688 | € 2,207 | € 1,087 | € 1,200 | ▲ 10% |
| Land & buildings | € 36,678 | € 35,288 | € 33,898 | € 32,508 | ▼ 4% |
| Retained profit | € -58,152 | € -57,024 | € -31,380 | € -37,793 | ▼ € 6,413 |
| Bank debt | € 189,742 | € 175,630 | € 153,778 | € 136,958 | ▼ 11% |
| Balance sheet total | € 201,333 | € 187,984 | € 194,778 | € 176,536 | ▼ 9% |
Key figures of NORINE, 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 April 2027.
What happened to NORINE?
What happened at NORINE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 6,413 (▼ € 11,101 vs 2024). Source: NBB ↗
- New establishment in Brunehaut. KBO
- Start of the company according to the CBE. KBO
In short
From € 24,384 loss in 2022 to € 6,413 loss in 2025.
Paid € 12,571 in corporate taxes since 2022.
Best year ever: 2024, with € 4,688 profit.
Establishments
Establishment units
Physical locations of this company
Rue de Tournai(HOL) 181
7620 Brunehaut
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0473.206.778
- VAT number
- BE 0473.206.778
- Registered office
- Rue de Tournai(HOL) 181, 7620 Brunehaut
- Names & denominations
- NORINE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opschorting (gerechtelijke reorganisatie)
- Start date
- 6 November 2000
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
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