ACTIVE

NORVIK

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Financial year 2025 · closed on 31/12/2025

Net result

-31,5 k €

-143.2% YoY

Gross margin

24,5 k €

-82.4% YoY

Equity

102,8 k €

-23.5% YoY

What does NORVIK do?

NORVIK is a Private limited company incorporated in 1994. Its main activity is: Wholesale of clothing and footwear. Its registered office is in Forest.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.570.524

Incorporation

21/04/1994

Legal form

Private limited company

Registered office

Avenue du Domaine 175 box 19
1190 Forest · BruxellesSee on map

Contributed capital

18 592,00 €

Latest accounts

31/12/2025

Activities (NACE)

46423Wholesale of clothing and footwear· main 46423Wholesale of clothing and footwear 51421Air transport 46425Wholesale of clothing and footwear 46425Wholesale of clothing and footwear 46498Wholesale of other household goods+12

Signals

Positive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	24,5 k €	-82.4%	139,1 k €	+618%	19,4 k €	-57.1%	45,1 k €	-42.1%	78 k €	+360%	16,9 k €	-62.6%	45,3 k €	-22.4%	58,4 k €	+5.0%	55,6 k €	-7.7%	60,2 k €	+35.4%	44,5 k €	+38.4%	32,1 k €	+82.8%	17,6 k €	-13.0%	20,2 k €	-55.0%	44,9 k €	+94.4%	23,1 k €	+25.8%	18,4 k €	+8.3%	16,9 k €	-27.6%	23,4 k €	+0.0%	23,4 k €
EBITDA	8,4 k €	-93.1%	121,8 k €	+1547%	7,4 k €	-81.9%	40,8 k €	-39.1%	67,1 k €	+742%	8 k €	-80.1%	40,1 k €	-26.3%	54,4 k €	+3.2%	52,7 k €	-7.4%	56,9 k €	+43.0%	39,8 k €	+37.7%	28,9 k €	+85.7%	15,6 k €	-10.4%	17,4 k €	-49.9%	34,7 k €	+132%	14,9 k €	+1.5%	14,7 k €	+17.0%	12,6 k €	-33.9%	19 k €	+26.6%	15 k €
Operating result	-28,3 k €	-137%	75,4 k €	+369%	-28 k €	-427%	8,6 k €	-81.2%	45,7 k €	+407%	-14,9 k €	-542%	3,4 k €	-48.2%	6,5 k €	-72.0%	23,2 k €	-3.5%	24 k €	+37.6%	17,4 k €	-36.9%	27,6 k €	+177%	10 k €	-30.7%	14,4 k €	-43.5%	25,5 k €	+424%	4,9 k €	+0.6%	4,8 k €	+68.8%	2,9 k €	-62.4%	7,6 k €	-5.1%	8 k €
Net result	-31,5 k €	-143%	73 k €	+328%	-32,1 k €	-640%	5,9 k €	-58.0%	14,1 k €	+162%	-22,7 k €	-335%	-5,2 k €	-1703%	-289 €	-102%	12,1 k €	-16.3%	14,4 k €	+47.2%	9,8 k €	-46.1%	18,2 k €	+245%	5,3 k €	-42.5%	9,2 k €	-40.2%	15,4 k €	+47.2%	10,4 k €	+450%	1,9 k €	-77.9%	8,6 k €	+94.1%	4,4 k €	+21.6%	3,6 k €
Balance sheet
Equity	102,8 k €	-23.5%	134,3 k €	+119%	61,4 k €	-34.3%	93,4 k €	+6.8%	87,5 k €	+19.2%	73,4 k €	-23.6%	96 k €	-5.1%	101,3 k €	-0.3%	101,5 k €	+13.5%	89,5 k €	+19.3%	75 k €	+15.1%	65,2 k €	+38.8%	47 k €	+12.7%	41,7 k €	+28.2%	32,5 k €	+89.5%	17,2 k €	+155%	6,7 k €	+39.3%	4,8 k €	+229%	-3,8 k €	+54.1%	-8,2 k €
Total assets	475,8 k €	-44.9%	863,4 k €	+17.7%	733,6 k €	+22.7%	597,9 k €	+10.2%	542,6 k €	-2.7%	557,6 k €	-3.9%	580,4 k €	-7.9%	630,2 k €	+87.1%	336,7 k €	-19.7%	419,5 k €	+36.2%	308,1 k €	+34.6%	228,9 k €	+35.8%	168,5 k €	-4.3%	176,1 k €	+4.7%	168,2 k €	-39.8%	279,4 k €	+162%	106,7 k €	-23.8%	140 k €	+15.2%	121,6 k €	+11.1%	109,4 k €
Cash	13,6 k €	-1.0%	13,7 k €	-89.2%	127,8 k €	+2963%	4,2 k €	-84.5%	26,9 k €	+208%	8,7 k €	+254%	2,5 k €	-89.9%	24,5 k €	+3071%	773 €	-97.3%	28,6 k €	+31.2%	21,8 k €	-45.0%	39,7 k €	+1419%	2,6 k €	-95.7%	61,3 k €	+38.8%	44,2 k €	+1006%	4 k €	+184%	1,4 k €	-79.9%	7 k €	+445%	1,3 k €	-83.3%	7,7 k €
Debts	354,4 k €	-50.0%	708,5 k €	+9.1%	649,7 k €	+35.4%	480 k €	+11.9%	429 k €	-10.5%	479,3 k €	+0.1%	478,8 k €	-8.6%	524 k €	+123%	234,8 k €	-28.9%	330 k €	+41.8%	232,8 k €	+42.3%	163,6 k €	+34.8%	121,4 k €	-9.6%	134,2 k €	-0.9%	135,4 k €	-47.9%	259,7 k €	+161%	99,6 k €	-25.6%	134 k €	+7.4%	124,7 k €	+6.8%	116,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active

Active mandates

Gery Vandervaeren

Manager

Active

At this address

Other companies at this address

Company	CBE no.
Ana Rua architecture● Active	1031.643.696
Association des copropriétaires à Forest Avenue du Domaine 175, La Corniche● Active	0843.099.650
BAVARD● Active	0781.506.234
RisoRoggen● Active	1017.969.567

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	26/06/2026	27/07/2025	23/07/2024	29/07/2023	30/07/2022	31/07/2021
General meeting	29/05/2026	30/06/2025	28/06/2024	30/06/2023	27/05/2022	28/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	26/06/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	27/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	23/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	29/07/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	30/07/2022	French	PDF
Abridged model	31/12/2020	28/05/2021	31/07/2021	French	PDF
Abridged model	31/12/2019	29/05/2020	30/07/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	24/07/2019	French	PDF
Abridged model	31/12/2017	27/06/2018	25/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	28/07/2017	French	PDF
Abridged model	31/12/2015	27/06/2016	01/08/2016	French	PDF
Abridged model	31/12/2014	24/06/2015	29/07/2015	French	PDF
Abridged model	31/12/2013	16/07/2014	31/07/2014	French	PDF
Abridged model	31/12/2012	27/06/2013	05/08/2013	French	PDF
Abridged model	31/12/2011	25/06/2012	02/08/2012	French	PDF
Abridged model	31/12/2010	01/08/2011	04/08/2011	French	PDF
Abridged model	31/12/2009	05/07/2010	29/07/2010	French	PDF
Abridged model	31/12/2008	27/07/2009	31/07/2009	French	PDF
Abridged model	31/12/2007	23/07/2008	30/07/2008	French	PDF
Abridged model	31/12/2006	28/08/2007	29/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 1 active

Active mandates

Gery Vandervaeren

Manager

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/09/2022
MODIFICATION FORME JURIDIQUE - DENOMINATION - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Other16/07/2015
OBJET
PDF
Mandates20/01/2004
DENOMINATION - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE - CAPITAL, ACTIONS
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 2025-31,5 k €↓
2024
Annual accounts 202473 k €↑
2023
Annual accounts 2023-32,1 k €↓
2022
Annual accounts 20225,9 k €↓
2022
Name changeNORVIK
2021
Annual accounts 202114,1 k €↑
2021
Name changeVANDERVAEREN NORVICK
2020
Annual accounts 2020-22,7 k €↓
2019
Annual accounts 2019-5,2 k €↓
2018
Annual accounts 2018-289 €↓
2017
Annual accounts 201712,1 k €↓
2016
Annual accounts 201614,4 k €↑
2015
Annual accounts 20159,8 k €↓
2014
Annual accounts 201418,2 k €↑
2013
Annual accounts 20135,3 k €↓
2012
Annual accounts 20129,2 k €↓
2011
Annual accounts 201115,4 k €↑
2010
Annual accounts 201010,4 k €↑
2009
Annual accounts 20091,9 k €↓
2008
Annual accounts 20088,6 k €↑
2007
Annual accounts 20074,4 k €↑
2006
Annual accounts 20063,6 k €
21/04/1994
IncorporationPrivate 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

NORVIK

Overview

What does NORVIK do?

Trend over 20 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