ACTIVE

Normec OWS

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Financial year 2025 · closed on 31/12/2025

Net result

-1,2 M €

-116.2% YoY

Revenue

8,8 M €

-24.6% YoY

Equity

13,2 M €

-0.4% YoY

Workforce

72,2 ETP

-12.6% YoY

What does Normec OWS do?

Normec OWS is a Public limited company incorporated in 1988. Its registered office is in Gent. It employs on average 72,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0433.270.195

Incorporation

12/02/1988

Legal form

Public limited company

Registered office

Pantserschipstraat 163
9000 Gent · FlandreSee on map

Contributed capital

1 240 000,00 €

Latest accounts

31/12/2025

Average workforce

72,2 ETP

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	8,8 M €	-24.6%	11,6 M €	+21.1%	9,6 M €	-1.4%	9,7 M €	-18.3%	11,9 M €	-42.3%	20,7 M €	+33.7%	15,5 M €	+42.6%	10,8 M €	-39.9%	18 M €	-11.6%	20,4 M €	+66.1%	12,3 M €	+50.2%	8,2 M €	-13.6%	9,5 M €	-18.9%	11,7 M €	-21.5%	14,9 M €	-38.8%	24,3 M €	+197%	8,2 M €	+22.1%	6,7 M €
EBITDA	107,6 k €	-85.0%	718,9 k €	-83.6%	4,4 M €	+36.7%	3,2 M €	-14.4%	3,8 M €	+4.2%	3,6 M €	+65.6%	2,2 M €	-29.2%	3,1 M €	+25.4%	2,4 M €	+618%	341,3 k €	-80.9%	1,8 M €	-30.7%	2,6 M €	+72.0%	1,5 M €	+355%	330,5 k €	-67.8%	1 M €	-52.9%	2,2 M €	+12.9%	1,9 M €	+30.2%	1,5 M €
Operating result	-1,6 M €	-54.6%	-1 M €	-135%	2,9 M €	+65.4%	1,7 M €	-30.0%	2,5 M €	+78.9%	1,4 M €	+322%	330,7 k €	-81.0%	1,7 M €	+64.0%	1,1 M €	+269%	-628,2 k €	-175%	839 k €	-30.8%	1,2 M €	+50.1%	808,5 k €	+25.3%	645,3 k €	-39.6%	1,1 M €	-34.2%	1,6 M €	+126%	720 k €	-34.9%	1,1 M €
Net result	-1,2 M €	-116%	-537,9 k €	-114%	3,9 M €	+42.7%	2,7 M €	+32.1%	2,1 M €	-4.7%	2,2 M €	+49.6%	1,4 M €	+11.3%	1,3 M €	+28.6%	1 M €	+81.8%	554,1 k €	-26.3%	752,2 k €	-39.5%	1,2 M €	+54.8%	803,8 k €	+6.8%	752,9 k €	-47.8%	1,4 M €	+42.6%	1 M €	+75.0%	578,5 k €	-50.5%	1,2 M €
Balance sheet
Equity	13,2 M €	-0.4%	13,3 M €	-3.7%	13,8 M €	+38.4%	10 M €	+35.6%	7,4 M €	-47.3%	14 M €	+23.7%	11,3 M €	-6.4%	12,1 M €	+0.9%	11,9 M €	+2.1%	11,7 M €	+11.5%	10,5 M €	+1.4%	10,4 M €	+9.2%	9,5 M €	+13.8%	8,3 M €	+40.2%	5,9 M €	+20.8%	4,9 M €	+13.7%	4,3 M €	+9.3%	4 M €
Total assets	26 M €	-4.8%	27,3 M €	-17.4%	33,1 M €	+32.6%	24,9 M €	+13.2%	22 M €	-18.4%	27 M €	-19.6%	33,6 M €	+3.9%	32,3 M €	+37.9%	23,4 M €	-23.9%	30,8 M €	-5.2%	32,5 M €	-8.0%	35,3 M €	+26.6%	27,9 M €	+36.7%	20,4 M €	-1.4%	20,7 M €	-9.4%	22,8 M €	-23.0%	29,7 M €	+4.0%	28,5 M €
Cash	325,7 k €	-81.9%	1,8 M €	-61.5%	4,7 M €	+241%	1,4 M €	-76.8%	5,9 M €	+77.6%	3,3 M €	+0.0%	3,3 M €	-47.2%	6,3 M €	+59.5%	4 M €	+145%	1,6 M €	+158%	625,9 k €	-52.3%	1,3 M €	+374%	276,5 k €	+131%	119,8 k €	-39.5%	198 k €	-37.6%	317,2 k €	+487%	54 k €	-61.3%	139,8 k €
Debts	12 M €	-12.1%	13,6 M €	-27.9%	18,9 M €	+29.6%	14,6 M €	+2.2%	14,2 M €	+25.7%	11,3 M €	-45.4%	20,7 M €	+8.2%	19,2 M €	+77.0%	10,8 M €	-42.0%	18,7 M €	-13.6%	21,6 M €	-12.3%	24,6 M €	+36.4%	18,1 M €	+53.7%	11,8 M €	-13.5%	13,6 M €	-13.4%	15,7 M €	-37.6%	25,1 M €	+3.5%	24,3 M €
Other
Workforce	72,2 ETP	-12.6%	82,6 ETP	-5.3%	87,2 ETP	-0.9%	88,0 ETP	-11.7%	99,7 ETP	-0.9%	100,6 ETP	+7.9%	93,2 ETP	+16.9%	79,7 ETP	+5.3%	75,7 ETP	+6.3%	71,2 ETP	+0.1%	71,1 ETP	+2.2%	69,6 ETP	+0.6%	69,2 ETP	-0.6%	69,6 ETP	+3.1%	67,5 ETP	+5.0%	64,3 ETP	+4.0%	61,8 ETP	+23.1%	50,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 30 ended

Active mandates

Gunther Van Cauwenberge

Director · since 02 septembre 2024 · until 02 septembre 2030

Active

Mariska Van Schaik

bestuurder · since 09 mai 2023 · until 09 mai 2029

Active

Sam Deconinck

Director · since 01 octobre 2021

Active

Britt Schuurs

Director · since 29 octobre 2020 · until 12 mai 2027

Active

Christianus Zomer

Director · since 29 octobre 2020 · until 12 mai 2027

Active

Joep Bruins

Director · since 29 octobre 2020 · until 12 mai 2027

Active

Ended mandates

Kurt Tyssen

Director · since 22 juin 2022 · until 08 décembre 2022

Ended

Bruno De Wilde

Director · since 01 octobre 2021 · until 02 septembre 2024

Ended

Bruno De Wilde

Director · since 01 octobre 2021 · until 30 juin 2027

Ended

Sam Deconinck

Director · since 01 octobre 2021 · until 30 juin 2027

Ended

At this address

Other companies at this address

Company	CBE no.
Normec OWS HT&P● Active	1017.490.705
NORMEC QUALITY ASSURANCE● Active	0645.501.049

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	29/05/2026	13/06/2025	12/07/2024	28/06/2023	14/07/2022	17/06/2021
General meeting	13/05/2026	14/05/2025	27/06/2024	21/06/2023	30/06/2022	21/05/2021
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	13/05/2026	29/05/2026	Dutch	PDF
Full model	31/12/2024	14/05/2025	13/06/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	12/07/2024	Dutch	PDF
Full model	31/12/2022	21/06/2023	28/06/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	14/07/2022	Dutch	PDF
Full model	31/12/2020	21/05/2021	17/06/2021	Dutch	PDF
Full modelCorrection	31/12/2019	20/10/2020	26/10/2020	Dutch	PDF
Full model	31/12/2019	13/05/2020	11/06/2020	Dutch	PDF
Full model	31/12/2018	15/05/2019	12/06/2019	Dutch	PDF
Full model	31/12/2017	09/05/2018	14/06/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	19/06/2017	Dutch	PDF
Full model	31/12/2015	25/05/2016	08/06/2016	Dutch	PDF
Full model	31/12/2014	27/05/2015	03/06/2015	Dutch	PDF
Full model	31/12/2013	14/05/2014	06/06/2014	Dutch	PDF
Full model	31/12/2012	08/05/2013	04/06/2013	Dutch	PDF
Full model	31/12/2011	09/05/2012	04/06/2012	Dutch	PDF
Full model	31/12/2010	11/05/2011	08/06/2011	Dutch	PDF
Full model	31/12/2009	12/05/2010	10/06/2010	Dutch	PDF
Full model	31/12/2008	13/05/2009	09/06/2009	Dutch	PDF
Full model	31/12/2007	14/05/2008	11/06/2008	Dutch	PDF
Full model	31/12/2006	09/05/2007	06/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 6 active · 30 ended

Active mandates

Gunther Van Cauwenberge

Director · since 02 septembre 2024 · until 02 septembre 2030

Active

Mariska Van Schaik

bestuurder · since 09 mai 2023 · until 09 mai 2029

Active

Sam Deconinck

Director · since 01 octobre 2021

Active

Britt Schuurs

Director · since 29 octobre 2020 · until 12 mai 2027

Active

Christianus Zomer

Director · since 29 octobre 2020 · until 12 mai 2027

Active

Joep Bruins

Director · since 29 octobre 2020 · until 12 mai 2027

Active

Ended mandates

Kurt Tyssen

Director · since 22 juin 2022 · until 08 décembre 2022

Ended

Bruno De Wilde

Director · since 01 octobre 2021 · until 02 septembre 2024

Ended

Bruno De Wilde

Director · since 01 octobre 2021 · until 30 juin 2027

Ended

Sam Deconinck

Director · since 01 octobre 2021 · until 30 juin 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/09/2026
Ontslag Bestuurders - Volmacht
PDF
Mandates17/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/06/2023
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/09/2022
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 2025-1,2 M €↓
2024
Annual accounts 2024-537,9 k €↓
2023
Annual accounts 20233,9 M €↑
2022
Annual accounts 20222,7 M €↑
2022
Name changeNORMEC OWS
2021
Annual accounts 20212,1 M €↓
2021
Name changeORGANIC WASTE SYSTEMS NV
2020
Annual accounts 20202,2 M €↑
2019
Annual accounts 20191,4 M €↑
2018
Annual accounts 20181,3 M €↑
2017
Annual accounts 20171 M €↑
2016
Annual accounts 2016554,1 k €↓
2015
Annual accounts 2015752,2 k €↓
2014
Annual accounts 20141,2 M €↑
2013
Annual accounts 2013803,8 k €↑
2012
Annual accounts 2012752,9 k €↓
2011
Annual accounts 20111,4 M €↑
2010
Annual accounts 20101 M €↑
2009
Annual accounts 2009578,5 k €↓
2008
Annual accounts 20081,2 M €
12/02/1988
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

Normec OWS

Overview

What does Normec OWS do?

Trend over 18 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