ACTIVE

NORGREN (SA)

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Financial year 2025 · closed on 31/12/2025

Net result

364,5 k €

+283.4% YoY

Revenue

9,8 M €

-6.9% YoY

Equity

2,6 M €

+10.3% YoY

Workforce

19,6 ETP

-8.4% YoY

What does NORGREN do?

NORGREN is a Public limited company incorporated in 1954. Its registered office is in Dilbeek. It employs on average 19,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0402.919.885

Incorporation

18/10/1954

Legal form

Public limited company

Registered office

Alfons Gossetlaan 54 box 5
1702 Dilbeek · FlandreSee on map

Contributed capital

2 164 369,72 €

Latest accounts

31/12/2025

Average workforce

19,6 ETP

Joint committees (3)

14904
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	9,8 M €	-6.9%	10,5 M €	-6.8%	11,3 M €	-6.9%	12,1 M €	+5.8%	11,5 M €	+1.4%	11,3 M €	-12.7%	13 M €	-6.2%	13,8 M €	+2.5%	13,5 M €	-3.7%	14 M €	+3.0%	13,6 M €	-0.4%	13,6 M €	-1.7%	13,9 M €	-5.2%	14,6 M €	-9.1%	16,1 M €	+2.4%	15,7 M €	+17.3%	13,4 M €	-30.3%	19,2 M €	-0.3%	19,3 M €
EBITDA	485,2 k €	+6.1%	457,4 k €	-17.3%	553,1 k €	-15.8%	656,8 k €	+35.0%	486,6 k €	-0.8%	490,3 k €	+26.5%	387,5 k €	-27.1%	531,4 k €	+4.6%	508 k €	-43.0%	891 k €	+83.0%	486,9 k €	+9.1%	446,5 k €	+60.9%	277,4 k €	-55.2%	619 k €	-26.4%	841,6 k €	-18.2%	1 M €	+372%	218,1 k €	-75.8%	901,8 k €	+13.8%	792,7 k €
Operating result	442 k €	+82.7%	241,9 k €	-52.8%	512,6 k €	-18.5%	629,2 k €	+48.2%	424,5 k €	+15.9%	366,2 k €	+53.8%	238,2 k €	-42.9%	417,3 k €	+10.7%	376,9 k €	-50.7%	765 k €	+119%	348,6 k €	+9.5%	318,3 k €	+142%	131,5 k €	-71.5%	462,1 k €	-30.3%	663,1 k €	-16.0%	789,3 k €	+5822%	-13,8 k €	-102%	644,3 k €	+23.3%	522,7 k €
Net result	364,5 k €	+283%	95,1 k €	-71.3%	330,7 k €	-17.2%	399,4 k €	+10.0%	363,1 k €	+141%	150,5 k €	+38.6%	108,6 k €	-63.5%	297,6 k €	+99.1%	149,5 k €	-73.8%	570,2 k €	+101%	283,7 k €	-15.8%	336,8 k €	+118%	154,7 k €	-74.6%	607,9 k €	-13.4%	702,1 k €	-20.2%	879,3 k €	+453%	158,9 k €	-84.5%	1 M €	+25.6%	816,3 k €
Balance sheet
Equity	2,6 M €	+10.3%	2,4 M €	-9.2%	2,6 M €	-2.3%	2,7 M €	+2.1%	2,6 M €	+7.9%	2,5 M €	-0.2%	2,5 M €	-9.0%	2,7 M €	-1.9%	2,7 M €	-39.6%	4,5 M €	-74.8%	18,1 M €	+1.6%	17,8 M €	+1.9%	17,5 M €	+0.9%	17,3 M €	+3.6%	16,7 M €	+4.3%	16 M €	-0.9%	16,2 M €	+0.7%	16,1 M €	+6.5%	15,1 M €
Total assets	3,7 M €	+9.9%	3,3 M €	-12.7%	3,8 M €	-6.7%	4,1 M €	-10.1%	4,6 M €	+9.1%	4,2 M €	+3.7%	4 M €	+9.4%	3,7 M €	-25.9%	5 M €	-21.4%	6,3 M €	-68.3%	20 M €	+2.9%	19,4 M €	+2.3%	19 M €	-1.4%	19,2 M €	+2.4%	18,8 M €	-2.7%	19,3 M €	+1.6%	19 M €	-2.5%	19,5 M €	+5.9%	18,4 M €
Cash	319,5 k €	+5973%	5,3 k €	-99.4%	927,3 k €	-43.5%	1,6 M €	-29.7%	2,3 M €	+18.5%	2 M €	+82.9%	1,1 M €	+105%	525,2 k €	-64.8%	1,5 M €	-43.1%	2,6 M €	+42.9%	1,8 M €	-76.0%	7,7 M €	+56.0%	4,9 M €	+506%	811 k €	-46.8%	1,5 M €	+72.4%	884,4 k €	+293%	224,9 k €	-56.7%	518,8 k €	-52.8%	1,1 M €
Debts	967,8 k €	+9.2%	886,4 k €	-23.9%	1,2 M €	-15.0%	1,4 M €	-26.4%	1,9 M €	+8.3%	1,7 M €	+10.3%	1,6 M €	+65.2%	943,1 k €	-56.5%	2,2 M €	+28.1%	1,7 M €	-6.9%	1,8 M €	+20.3%	1,5 M €	+8.4%	1,4 M €	-22.9%	1,8 M €	-6.0%	1,9 M €	-38.6%	3,1 M €	+21.4%	2,6 M €	-19.9%	3,2 M €	+5.8%	3 M €
Other
Workforce	19,6 ETP	-8.4%	21,4 ETP	-14.1%	24,9 ETP	-19.9%	31,1 ETP	-3.7%	32,3 ETP	-1.5%	32,8 ETP	-10.9%	36,8 ETP	-1.6%	37,4 ETP	-13.8%	43,4 ETP	-7.9%	47,1 ETP	-0.6%	47,4 ETP	0.0%	47,4 ETP	+1.3%	46,8 ETP	-8.6%	51,2 ETP	-8.4%	55,9 ETP	-6.2%	59,6 ETP	-8.4%	65,1 ETP	-4.5%	68,2 ETP	-9.4%	75,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 27 ended

Active mandates

Ronny GIELEN

Director · since 27 avril 2021

Active

Geert MARTENS

Director · since 28 avril 2020

Active

Ger GROOT WESSELDIJK

Director · since 28 avril 2020 · until 22 mai 2026

Active

Ended mandates

Ronny GIELEN

Director · since 27 avril 2021 · until 27 avril 2027

Ended

Ronny GIELEN

Director · since 27 avril 2021 · until 30 avril 2027

Ended

Ger Groot Wesseldijk

Director · since 28 avril 2020

Ended

Ger GROOT WESSELDIJK

Director · since 28 avril 2020 · until 27 avril 2026

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/05/2026	02/12/2025	31/05/2024	17/10/2023	16/06/2022	25/05/2021
General meeting	22/05/2026	28/11/2025	23/05/2024	13/06/2023	26/04/2022	27/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	22/05/2026	26/05/2026	Dutch	PDF
Full model	31/12/2024	28/11/2025	02/12/2025	Dutch	PDF
Full model	31/12/2023	23/05/2024	31/05/2024	Dutch	PDF
Full model	31/12/2022	13/06/2023	17/10/2023	Dutch	PDF
Full model	31/12/2021	26/04/2022	16/06/2022	Dutch	PDF
Full model	31/12/2020	27/04/2021	25/05/2021	Dutch	PDF
Full model	31/12/2019	28/04/2020	25/05/2020	Dutch	PDF
Full model	31/12/2018	23/04/2019	28/05/2019	Dutch	PDF
Full model	31/12/2017	30/04/2018	15/05/2018	Dutch	PDF
Full model	31/12/2016	29/06/2017	19/07/2017	Dutch	PDF
Full modelCorrection	31/12/2015	30/06/2016	09/09/2016	Dutch	PDF
Full model	31/12/2015	30/06/2016	07/09/2016	Dutch	PDF
Full model	31/12/2014	24/07/2015	26/08/2015	Dutch	PDF
Full model	31/12/2013	22/04/2014	07/05/2014	Dutch	PDF
Full model	31/12/2012	21/05/2013	18/06/2013	Dutch	PDF
Full model	31/12/2011	21/08/2012	11/09/2012	Dutch	PDF
Full model	31/12/2010	20/10/2011	16/11/2011	Dutch	PDF
Full model	31/12/2009	15/10/2010	04/11/2010	Dutch	PDF
Full model	31/12/2008	28/04/2009	18/05/2009	Dutch	PDF
Full model	31/12/2007	22/04/2008	27/05/2008	Dutch	PDF
Full model	31/12/2006	24/04/2007	03/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 27 ended

Active mandates

Ronny GIELEN

Director · since 27 avril 2021

Active

Geert MARTENS

Director · since 28 avril 2020

Active

Ger GROOT WESSELDIJK

Director · since 28 avril 2020 · until 22 mai 2026

Active

Ended mandates

Ronny GIELEN

Director · since 27 avril 2021 · until 27 avril 2027

Ended

Ronny GIELEN

Director · since 27 avril 2021 · until 30 avril 2027

Ended

Ger Groot Wesseldijk

Director · since 28 avril 2020

Ended

Ger GROOT WESSELDIJK

Director · since 28 avril 2020 · until 27 avril 2026

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office28/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/02/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/11/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2016
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025364,5 k €↑
2024
Annual accounts 202495,1 k €↓
2023
Annual accounts 2023330,7 k €↓
2022
Annual accounts 2022399,4 k €↑
2021
Annual accounts 2021363,1 k €↑
2020
Annual accounts 2020150,5 k €↑
2019
Annual accounts 2019108,6 k €↓
2018
Annual accounts 2018297,6 k €↑
2017
Annual accounts 2017149,5 k €↓
2016
Annual accounts 2016570,2 k €↑
2015
Annual accounts 2015283,7 k €↓
2014
Annual accounts 2014336,8 k €↑
2013
Annual accounts 2013154,7 k €↓
2012
Annual accounts 2012607,9 k €↓
2011
Annual accounts 2011702,1 k €↓
2010
Annual accounts 2010879,3 k €↑
2009
Annual accounts 2009158,9 k €↓
2008
Annual accounts 20081 M €↑
2007
Annual accounts 2007816,3 k €
18/10/1954
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

NORGREN (SA)

Overview

What does NORGREN do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline