Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 8.6 to 7.6.
Financials
Financial year 2025
NOBLE PARTNERS DISTRIBUTION from Etterbeek, company number BE0480246307, closed financial year 2025 with a result of € 2.2 million after tax. For that financial year NOBLE PARTNERS DISTRIBUTION recorded revenue of € 16.5 million and equity of € 22.4 million. Compared with financial year 2024, the result moved from € 3.5 million to € 2.2 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 22.4 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.2 million
▼ 38% vs 2024
Profit after tax over the fiscal year.
€ 7 million
▲ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 22.4 million.
People and assets in 2025
7.6
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 676,607
▼ 2% vs 2024
€ 89,000 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.
€ 86,348
▼ 48% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 438,086
▼ 14% vs 2024
€ 70,782 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 160,331
▼ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 4 days on average.
€ 114,600
▲ 23% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 20,410,091 | € 19,666,248 | € 18,037,885 | € 16,452,657 | ▼ 9% |
| Profit after taxes | € 3,991,138 | € 5,186,159 | € 3,542,491 | € 2,201,842 | ▼ 38% |
| Equity | € 16,502,733 | € 19,188,892 | € 20,231,384 | € 22,433,225 | ▲ 11% |
| Total debts | € 2,790,136 | € 2,081,006 | € 2,764,355 | € 1,819,811 | ▼ 34% |
| Cash | € 6,952,500 | € 4,674,087 | € 4,569,100 | € 6,996,658 | ▲ 53% |
| Land & buildings | € 1,347,121 | € 1,363,033 | € 1,319,232 | € 1,275,430 | ▼ 3% |
| Retained profit | € 16,482,733 | € 19,168,892 | € 20,211,384 | € 22,413,225 | ▲ 11% |
| Dividend | € 0 | € 2,500,000 | € 2,500,000 | € 0 | ▼ 100% |
| Bank debt | € 637,941 | € 573,342 | € 506,744 | € 438,086 | ▼ 14% |
| Balance sheet total | € 19,292,869 | € 21,269,899 | € 22,995,739 | € 24,253,037 | ▲ 5% |
| Employees (FTE) | 8.4 | 8.6 | 7.7 | 7.6 | ▼ 0.1 |
Key figures of NOBLE PARTNERS DISTRIBUTION, 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 NOBLE PARTNERS DISTRIBUTION?
What happened at NOBLE PARTNERS DISTRIBUTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2.2 million (▼ 38% vs 2024). Source: NBB ↗
- Akram Saigh became a director. NBB
- Dhalas BV became a director. NBB
- New establishment in Beveren-Kruibeke-Zwijndrecht. KBO
- Majid Al Saigh became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Etterbeek. KBO
In short
From € 4 million profit in 2022 to € 2.2 million profit in 2025.
Paid € 3.2 million in corporate taxes since 2022.
Best year ever: 2023, with € 5.2 million profit.
Paid out € 5 million in dividends to the owners in total.
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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 NOBLE PARTNERS DISTRIBUTION are Majid Al Saigh, Dhalas BV and Akram Saigh. The shares are held by Noble Distribution LLP, Y&J Invest and Akram Saigh. It owns 100% of TNC Noble Partners Germany and 100% of The Noble Collection itself.
Directors
According to the 2025 annual accounts
since 2003
Director · represented by Dhaenens Nicolas
since 2025
Akram Saigh
Director
Is a shareholder
since 2025
Shareholders
Participations
TNC Noble Partners Germany
100%
The Noble Collection
100%
Establishments
Establishment units
Physical locations of this company
Priester Cuypersstraat 11
1040 Etterbeek
Zwaluwbeekstraat 10
9150 Beveren-Kruibeke-Zwijndrecht
Active since 1 May 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
OVH, FR
DNS
OVH DNS
Domain
Domain
noblecollection-distribution.com
Registered
2009-06-30
Registrar
OVH sas
Expires
2028-06-30
Website info
Features
Security
Details
- Company number
- 0480.246.307
- VAT number
- BE 0480.246.307
- Registered office
- Priester Cuypersstraat 11, 1040 Etterbeek
- Names & denominations
- NOBLE PARTNERS DISTRIBUTION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 2003
- Peppol
- Active · Active since 9 Jan 2026
- Contact
- noblecollection-distribution.com
- Activities · NACE
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