Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NORGAY TAX ADVISORS from Pajottegem, company number BE0696772774, closed financial year 2025 with a result of € 261,048 after tax. For that financial year NORGAY TAX ADVISORS recorded a gross margin of € 665,583 and equity of € 20,619. Compared with financial year 2024, the result moved from € 164,662 to € 261,048. 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 July 1, 2026.
€ 20,619
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 261,048
▲ 59% vs 2024
Profit after tax over the fiscal year.
€ 79,174
▲ 126% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 251,000 paid out
96 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 297,588
▲ 6% 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.
€ 53,183
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 139,378
▼ 3% vs 2024
€ 36,208 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 162,250
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 64,758
▲ 39% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 528,907 | € 577,707 | € 558,768 | € 665,583 | ▲ 19% |
| Profit after taxes | € 123,829 | € 130,758 | € 164,662 | € 261,048 | ▲ 59% |
| Equity | € 20,271 | € 20,360 | € 20,467 | € 20,619 | ▲ 1% |
| Total debts | € 527,945 | € 496,579 | € 478,551 | € 625,688 | ▲ 31% |
| Cash | € 41,590 | € 38,160 | € 34,960 | € 79,174 | ▲ 126% |
| Retained profit | € 271 | € 360 | € 467 | € 619 | ▲ 33% |
| Dividend | € 123,800 | € 118,300 | € 154,660 | € 251,000 | ▲ 62% |
| Bank debt | € 271,768 | € 201,290 | € 143,427 | € 139,378 | ▼ 3% |
| Balance sheet total | € 548,216 | € 516,939 | € 499,017 | € 646,306 | ▲ 30% |
Key figures of NORGAY TAX ADVISORS, 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 NORGAY TAX ADVISORS?
What happened at NORGAY TAX ADVISORS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 261,048 (▲ 59% vs 2024). Source: NBB ↗
- New establishment in Pajottegem. KBO
- New establishment in Ninove. KBO
- Start of the company according to the CBE. KBO
In short
From € 123,829 profit in 2022 to € 261,048 profit in 2025.
Paid € 48,184 in corporate taxes since 2022.
Best year ever: 2025, with € 261,048 profit.
Paid out € 647,760 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 NORGAY TAX ADVISORS are Yagron BV BV and Free Consulting BV BV. Yagron BV BV is also behind Norgay Accountants and NORGAY LD TAX ACCOUNTANTS.
Directors
According to the 2025 annual accounts
Director · represented by Jeroen Vanderlinden
Also active at: Norgay Accountants, NORGAY LD TAX ACCOUNTANTS
Director · represented by Frederic Van den Eynde
Establishments
Establishment units
Physical locations of this company
Edingsesteenweg 97
1755 Pajottegem
Kaardeloodstraat 60 box 3
9400 Ninove
Active since 25 May 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Rotary Club Gaasbeek Pajottenland
YAGRON same network
€ 1.5 million gross margin · 2025
Norgay Accountants same network
€ 1.9 million gross margin · 2025
BTW-eenheid Yagron Groep
Pajot Cycling Project
+3 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
- 0696.772.774
- VAT number
- BE 0696.772.774
- Registered office
- Edingsesteenweg 97, 1755 Pajottegem
- Names & denominations
- NORGAY TAX ADVISORS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 May 2018
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
Activiteiten van (gecertificeerde) (fiscaal) accountants