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 29 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Noruco from Beveren-Kruibeke-Zwijndrecht, company number BE0760890368, closed financial year 2025 with a result of € 81,523 after tax. For that financial year Noruco recorded a gross margin of € 115,382 and equity of € 1,574. Compared with financial year 2024, the result moved from € 53,959 to € 81,523. Profitable, and profit is growing. The buffer shrank hard: equity is 84 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 19, 2026.
€ 1,574
▼ 84% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 81,523
▲ 51% vs 2024
Profit after tax over the fiscal year.
€ 39,233
▲ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 89,623 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 7,990
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 206,984
▼ 9% vs 2024
€ 20,566 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 3,925
▲ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,300
▼ 29% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 33,689 | € 50,749 | € 74,204 | € 115,382 | ▲ 55% |
| Profit after taxes | € 24,390 | € 37,538 | € 53,959 | € 81,523 | ▲ 51% |
| Equity | € 38,176 | € 75,715 | € 9,674 | € 1,574 | ▼ 84% |
| Total debts | € 12,573 | € 12,702 | € 297,227 | € 320,997 | ▲ 8% |
| Cash | € 41,515 | € 70,244 | € 19,749 | € 39,233 | ▲ 99% |
| Retained profit | € 36,676 | € 74,215 | € 8,174 | € 74 | ▼ 99% |
| Dividend | € 0 | € 0 | € 120,000 | € 89,623 | ▼ 25% |
| Bank debt | € 1,672 | € 0 | € 226,747 | € 206,984 | ▼ 9% |
| Balance sheet total | € 50,749 | € 88,416 | € 306,900 | € 322,570 | ▲ 5% |
Key figures of Noruco, 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 Noruco?
What happened at Noruco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 81,523 (▲ 51% vs 2024). Source: NBB ↗
- New establishment in Beveren-Kruibeke-Zwijndrecht. KBO
- Start of the company according to the CBE. KBO
In short
From € 24,390 profit in 2022 to € 81,523 profit in 2025.
Paid € 55,837 in corporate taxes since 2022.
Best year ever: 2025, with € 81,523 profit.
Paid out € 209,623 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 Noruco is Joris Van der Linden. Joris Van der Linden is also behind WINDOW and JUST-INE.
Establishments
Establishment units
Physical locations of this company
Alfons Van Puymbroecklaan(MEL) 65
9120 Beveren-Kruibeke-Zwijndrecht
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0760.890.368
- VAT number
- BE 0760.890.368
- Registered office
- Alfons Van Puymbroecklaan(MEL) 65, 9120 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- Noruco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 January 2021
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
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