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 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NORREC from Nijlen, company number BE0479252155, closed financial year 2025 with a result of € 43,648 after tax. For that financial year NORREC recorded a gross margin of € 83,054 and equity of € 89,129. Compared with financial year 2024, the result moved from € 14,392 to € 43,648. Profitable, and profit is growing. 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 October 26, 2026.
€ 89,129
▲ 96% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43,648
▲ 203% vs 2024
Profit after tax over the fiscal year.
€ 6,964
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 70,529.
People and assets in 2025
€ 348
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 245,266
▼ 3% vs 2024
€ 11,286 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 309,062
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 23,084
▲ 124% vs 2024
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 | € 48,085 | € 64,767 | € 51,588 | € 83,054 | ▲ 61% |
| Profit after taxes | € 8,350 | € 18,850 | € 14,392 | € 43,648 | ▲ 203% |
| Equity | € 12,240 | € 31,090 | € 45,481 | € 89,129 | ▲ 96% |
| Total debts | € 421,447 | € 402,466 | € 548,110 | € 586,913 | ▲ 7% |
| Cash | € 124 | - | - | € 6,964 | |
| Land & buildings | € 112,000 | € 102,800 | € 93,600 | € 86,183 | ▼ 8% |
| Retained profit | € -6,360 | € 12,490 | € 26,881 | € 70,529 | ▲ 162% |
| Bank debt | € 254,447 | € 233,752 | € 252,795 | € 245,266 | ▼ 3% |
| Balance sheet total | € 433,687 | € 433,556 | € 593,591 | € 676,042 | ▲ 14% |
Key figures of NORREC, 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 NORREC?
What happened at NORREC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 43,648 (▲ 203% vs 2024). filed late Source: NBB ↗
- New establishment in Nijlen. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,350 profit in 2022 to € 43,648 profit in 2025.
Paid € 31,906 in corporate taxes since 2022.
Best year ever: 2025, with € 43,648 profit.
Management
Behind NORREC is Rudy Hendrickx. Rudy Hendrickx is also behind EMIS.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Bouwelsesteenweg 203
2560 Nijlen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0479.252.155
- VAT number
- BE 0479.252.155
- Registered office
- Bouwelsesteenweg 203, 2560 Nijlen
- Names & denominations
- NORREC · New Trends
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 January 2003
- Peppol
- Active · Active since 15 Sept 2025
- Activities · NACE
Overige werkzaamheden in verband met de afwerking van gebouwen
Schrijnwerk
Ontwikkeling van residentiële bouwprojecten
Overige gespecialiseerde bouwactiviteiten, neg
Slopen
Projectontwikkeling voor woningbouw
Slopen van gebouwen
Overige gespecialiseerde werkzaamheden in de bouw
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