ACTIVE

AMNorman

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Financial year 2025 · closed on 31/12/2025
Net result
826,4 k €
-20.3% YoY
Gross margin
4,9 M €
+2.5% YoY
Equity
1,4 M €
+14.7% YoY
Workforce
52,2 ETP
+7.4% YoY

What does AMNorman do?

AMNorman is a Private limited company incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Gent. It employs on average 52,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0830.793.815
Incorporation
25/10/2010
Legal form
Private limited company
Registered office
Kortrijksesteenweg 1121 box 0202
9051 Gent · FlandreSee on map
Contributed capital
74 139,64 €
Latest accounts
31/12/2025
Average workforce
52,2 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212020201920182017201620152014201320122011
Income statement
Gross margin4,9 M €4,8 M €3,9 M €3,1 M €2 M €1,7 M €1,5 M €1 M €734,6 k €726,2 k €618,6 k €348,5 k €368 k €282,5 k €308,9 k €
EBITDA1,2 M €1,4 M €1,2 M €1,1 M €468,2 k €379,2 k €388,9 k €229,2 k €94,3 k €151,5 k €124,4 k €23,7 k €62,9 k €-65,1 k €73,1 k €
Operating result1 M €1,4 M €1,1 M €1 M €428,1 k €338,2 k €348,4 k €183,6 k €55,1 k €115,2 k €80,2 k €-14,1 k €23,4 k €-102,6 k €35,9 k €
Net result826,4 k €1 M €884,8 k €728 k €412 k €225,6 k €217,7 k €103,1 k €20,1 k €64,5 k €73 k €-25,7 k €18 k €-106,3 k €24 k €
Balance sheet
Equity1,4 M €1,2 M €1 M €934,5 k €706,5 k €294,5 k €288,9 k €201,2 k €113,1 k €93 k €56,5 k €-16,4 k €9,3 k €-8,7 k €22,6 k €
Total assets4,2 M €4,2 M €3,5 M €2,4 M €1,6 M €969,7 k €793,4 k €573,5 k €523,9 k €514,4 k €456,1 k €363,4 k €299 k €285,3 k €320,6 k €
Cash735 k €868,4 k €637,7 k €688,1 k €365,8 k €362,2 k €270,8 k €78 k €56,5 k €58,8 k €86,2 k €60,8 k €35,2 k €21,5 k €19 k €
Debts2,8 M €3 M €2,4 M €1,4 M €911,2 k €675,3 k €504,6 k €369,1 k €410,8 k €421,4 k €399,6 k €379,8 k €289,8 k €294 k €296,1 k €
Other
Workforce52,2 ETP48,6 ETP38,0 ETP30,3 ETP25,1 ETP23,5 ETP19,2 ETP14,3 ETP12,5 ETP11,2 ETP7,9 ETP6,8 ETP5,8 ETP6,8 ETP5,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

HIRUNDO

Mandate · 0870.880.054

Represented by Winnewald Dejonckheere

Active

Ended mandates

AUFILIA

Administrator - manager · since 11 octobre 2013 · until 31 mars 2017 · 0895.228.935

Represented by Anja Calcoen

Ended
AUFILIA

Administrator - manager · since 11 octobre 2013 · 0895.228.935

Represented by Anja Calcoen

Ended
HIRUNDO

Director · since 02 novembre 2010 · 0870.880.054

Represented by Winnewald Dejonckheere

Ended
HIRUNDO

Manager · since 02 novembre 2010 · 0870.880.054

Represented by Winnewald Dejonckheere

Ended
At this address

Other companies at this address

CompanyCBE no.
Allegretto Festival Foundation● Active
0806.352.585
CATCHH● Active
0745.723.330
MAES Q - CONSULTING● Active
0452.787.783
PATER PATRIAE● Active
0714.966.808
Pegase Travel● Active
0704.694.112
TARAHUMARA● Active
0461.051.391
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/05/202628/05/202527/05/202424/05/202316/05/202230/04/2021
General meeting26/04/202628/04/202529/04/202424/04/202325/04/202226/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/04/202622/05/2026DutchPDF
Abridged model31/12/202428/04/202528/05/2025DutchPDF
Abridged model31/12/202329/04/202427/05/2024DutchPDF
Abridged model31/12/202224/04/202324/05/2023DutchPDF
Abridged model31/12/202125/04/202216/05/2022DutchPDF
Abridged model31/12/202026/04/202130/04/2021DutchPDF
Abridged model31/12/201927/04/202011/05/2020DutchPDF
Abridged model31/12/201817/05/201924/07/2019DutchPDF
Abridged model31/12/201730/04/201819/06/2018DutchPDF
Abridged model31/12/201624/04/201727/07/2017DutchPDF
Abridged model31/12/201525/04/201628/06/2016DutchPDF
Abridged model31/12/201427/04/201523/07/2015DutchPDF
Abridged model31/12/201328/04/201415/07/2014DutchPDF
Abridged model31/12/201221/05/201302/07/2013DutchPDF
Abridged model31/12/201125/06/201226/07/2012DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 active · 4 ended

Active mandates

HIRUNDO

Mandate · 0870.880.054

Represented by Winnewald Dejonckheere

Active

Ended mandates

AUFILIA

Administrator - manager · since 11 octobre 2013 · until 31 mars 2017 · 0895.228.935

Represented by Anja Calcoen

Ended
AUFILIA

Administrator - manager · since 11 octobre 2013 · 0895.228.935

Represented by Anja Calcoen

Ended
HIRUNDO

Director · since 02 novembre 2010 · 0870.880.054

Represented by Winnewald Dejonckheere

Ended
HIRUNDO

Manager · since 02 novembre 2010 · 0870.880.054

Represented by Winnewald Dejonckheere

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/01/2022
    WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/06/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring18/01/2017
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring22/11/2016
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates18/12/2013
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other31/12/2012
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other16/11/2010
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025826,4 k €↓
  2. 2024
    Annual accounts 20241 M €↑
  3. 2023
    Annual accounts 2023884,8 k €↑
  4. 2022
    Annual accounts 2022728 k €↑
  5. 2021
    Annual accounts 2021412 k €↑
  6. 2020
    Annual accounts 2020225,6 k €↑
  7. 2019
    Annual accounts 2019217,7 k €↑
  8. 2018
    Annual accounts 2018103,1 k €↑
  9. 2017
    Annual accounts 201720,1 k €↓
  10. 2016
    Annual accounts 201664,5 k €↓
  11. 2015
    Annual accounts 201573 k €↑
  12. 2014
    Annual accounts 2014-25,7 k €↓
  13. 2013
    Annual accounts 201318 k €↑
  14. 2012
    Annual accounts 2012-106,3 k €↓
  15. 2011
    Annual accounts 201124 k €
  16. 25/10/2010
    IncorporationPrivate limited company