ACTIVE

NORLAND

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Financial year 2025 · Closed on 31/12/2025

Net result-129,6 k €+65,4 %over 1 year

Revenue9 M €+5,9 %over 1 year

Equity3,6 M €-3,5 %over 1 year

Workforce12,8 ETP-3,0 %over 1 year

Identity

Source · BCE/KBO

NORLAND is a Public limited company incorporated in 1993. Its main activity is: Manufacture of fertilisers and nitrogen compounds. Its registered office is in Andenne. It employs on average 12,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0449.333.395
Incorporation: 28/01/1993
Legal form: Public limited company
Registered office: Rue Reppe 20 box B
5300 Andenne · WallonieSee on map
Contributed capital: 1 715 787,05 €
Latest accounts: 31/12/2025
Average workforce: 12,8 ETP

Activities (NACE)

20150Manufacture of fertilisers and nitrogen compounds· main 20150Manufacture of fertilisers and nitrogen compounds 24151Manufacture of basic iron and steel and of ferro-alloys 01410Raising of dairy cattle 02011Forestry and logging 02100Silviculture and other forestry activities+12

Joint committees (3)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	9 M €	+5.9%	8,5 M €	-6.4%	9 M €	+8.0%	8,4 M €	-14.1%	9,7 M €
EBITDA	322 k €	+9367%	3,4 k €	-99.5%	645 k €	+28.1%	503,6 k €	-52.9%	1,1 M €
Operating result	-107,6 k €	+74.8%	-426,9 k €	-364%	162 k €	+41.7%	114,3 k €	-86.8%	863,6 k €
Net result	-129,6 k €	+65.4%	-374,2 k €	-393%	127,9 k €	+85.9%	68,8 k €	-89.1%	628,8 k €
Balance sheet
Equity	3,6 M €	-3.5%	3,7 M €	-9.2%	4,1 M €	+3.2%	3,9 M €	+1.8%	3,9 M €
Total assets	5,5 M €	+14.1%	4,8 M €	-7.9%	5,3 M €	+13.1%	4,7 M €	-22.8%	6 M €
Cash	45,2 k €	-80.1%	227,1 k €	+127%	99,9 k €	+5.1%	95,1 k €	-32.0%	139,8 k €
Debts	2 M €	+72.9%	1,1 M €	-4.6%	1,2 M €	+69.2%	700,6 k €	-67.4%	2,1 M €
Other
Workforce	12,8 ETP	-3.0%	13,2 ETP	0.0%	13,2 ETP	+6.5%	12,4 ETP	+10.7%	11,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alan Joseph Bergin	Director22/01/2026 → 20/06/2031
GATTSU0717.614.116	Director22/01/2026 → 20/06/2031
Mark Cavell Portman	Director22/01/2026 → 20/06/2031
PEATINVEST0461.693.373Represented by Philippe Gysen	Director25/05/2020 → 30/11/2029Managing director29/12/2011 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AGARIS BELGIUM0426.540.969Represented by Eefje Tuerlinckx	Director25/05/2020 → 2023 accounts
CINQO0430.081.865Represented by Nicolas De Quinnemar	Director18/12/2018 → 2019 accounts

Other companies at this address

Rue Reppe 20 5300 Andenne

Company	CBE no.
ATELIER ROBERT● Active	0474.684.148
BATIA MOSA SHIPYARD ANDENNE● Active	0801.638.979
MEUSE ET SAMBRE● Bankrupt	0401.409.754
ROBERT INTERNATIONAL● Active	0478.367.475
Société d'Exploitation de Chantier Naval Belge● Bankrupt	0848.173.047
VAAR SYSTEMS● Active	1012.147.191

Full financial information

Source · NBB

	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	30/06/2026	10/07/2025	23/07/2024	30/06/2023	18/07/2022	10/08/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	30/06/2026	French	PDF
Full model	31/12/2024	20/06/2025	10/07/2025	French	PDF
Full model	31/12/2023	21/06/2024	23/07/2024	French	PDF
Full model	31/12/2022	16/06/2023	30/06/2023	French	PDF
Full model	31/12/2021	17/06/2022	18/07/2022	French	PDF
Full model	31/12/2020	18/06/2021	10/08/2021	French	PDF
Full model	31/12/2019	27/08/2020	10/09/2020	French	PDF
Full model	31/03/2019	30/09/2019	24/01/2020	French	PDF
Full model	31/03/2018	31/08/2018	13/11/2018	French	PDF
Full model	31/03/2017	25/08/2017	28/09/2017	French	PDF
Full model	31/03/2016	26/08/2016	27/09/2016	French	PDF
Full model	30/09/2014	25/02/2015	09/04/2015	French	PDF
Full model	30/09/2013	26/02/2014	15/04/2014	French	PDF
Full model	30/09/2012	27/02/2013	24/04/2013	French	PDF
Abridged model	30/06/2011	03/11/2011	28/11/2011	French	PDF
Abridged model	30/06/2010	12/10/2010	09/12/2010	French	PDF
Abridged model	30/06/2009	12/10/2009	26/11/2009	French	PDF
Abridged model	30/06/2008	13/10/2008	17/11/2008	French	PDF
Abridged model	30/06/2007	19/10/2007	21/11/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alan Joseph Bergin	Director22/01/2026 → 20/06/2031
GATTSU0717.614.116	Director22/01/2026 → 20/06/2031
Mark Cavell Portman	Director22/01/2026 → 20/06/2031
PEATINVEST0461.693.373Represented by Philippe Gysen	Director25/05/2020 → 30/11/2029Managing director29/12/2011 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AGARIS BELGIUM0426.540.969Represented by Eefje Tuerlinckx	Director25/05/2020 → 2023 accounts
CINQO0430.081.865Represented by Nicolas De Quinnemar	Director18/12/2018 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office01/07/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - COMPTES ANNUELS - ASSEMBLEE GENERALE - ANNEE COMPTABLE - SIEGE SOCIAL
PDF
Mandates09/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates07/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates13/05/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates10/05/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates16/08/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates01/10/2020
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

GATTSU

Alan Joseph Bergin

Mark Cavell Portman

PEATINVEST

AGARIS BELGIUM

STRACO

CINQO

Heinbroeck

DEPREZ INVEST

GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES

Viviane Emsens

Veolia Environmental Services Belux

Show the 3 other mandates

199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

NORLAND

Rue Reppe 20 bte B, 5300 Andenne

Director

DirectorManaging director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Reppe 20 bte B, 5300 AndenneCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00236390

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
NORLANDCurrent	accounts 2007 → 2025	Accounts 2025 · 2026-00236390

Events

2025
Annual accounts 2025-129,6 k €↑
2024
Annual accounts 2024-374,2 k €↓
2023
Annual accounts 2023127,9 k €↑
2022
Annual accounts 202268,8 k €↓
2021
Annual accounts 2021628,8 k €↓
2020
Annual accounts 20201,1 M €↑
2019
Annual accounts 201973,9 k €↓
2019
Annual accounts 2019547,3 k €↓
2018
Annual accounts 2018712,8 k €↑
2017
Annual accounts 2017461,1 k €↓
2016
Annual accounts 2016686,1 k €↑
2014
Annual accounts 2014235,8 k €↑
2013
Annual accounts 201315,1 k €↑
2012
Annual accounts 2012-778,3 k €↓
2011
Annual accounts 2011-339,5 k €↓
2010
Annual accounts 2010-66,9 k €↑
2009
Annual accounts 2009-132,7 k €↓
2008
Annual accounts 2008293,1 k €↑
2007
Annual accounts 200751,8 k €
28/01/1993
IncorporationPublic limited company

NORLAND

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events