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NORGAD

Active Private limited companyfounded 2015active for 11 yearsAdolphe Maxlaan 71, 1000 BrusselsKBO/BCE: BE 0597.979.858
NORGAD
Financial year 2024
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Annual accounts 2024

micro format, filed on 30-09-2025, 61 days late

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 7 November 2026.

-€3,781
▼ €34,873
-€4,748
▼ €35,456
€11,979
▼ 8.0%
€750,905
▲ 5.1%
10.4%
▲ 7.9 percentage points
-

Turnover: not included in this filing.

Balance sheet

balance sheet total €758,307 on 31-12-2024
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

10.4%

Higher than 28% of 15,427 companies in 2024.

-

Higher than 44% of 14,105 companies in 2023.

1.6%

Higher than 44% of 14,945 companies in 2024.

NORGAD Middle half of the sector 80% of the sector Micro accounts in wholesale trade (NACE 46)

Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2024202320222021202020192018201720162015
Balance sheet: assets
20/58 758,3072.6m1.2m194,466106,192372,277138,68682,67678,17888,650
29/58 758,3072.6m1.2m194,466106,192372,277138,68682,67678,17888,650
3 357,010206,741317,74155,89615,921-97,275--30,924
30/36 357,010206,741317,74155,89615,921-97,275--30,924
40/41 401,0322.4m860,174128,50961,314370,8652,86379,66531,3864,303
40 401,0322.4m855,431124,18857,422367,418-77,39229,7293,766
41 -5,6244,7434,3213,8923,4472,8632,2741,658537
54/58 26543,5927,1969,97328,9011,38538,5493,01146,79153,420
490/1 -8888885627---4
Balance sheet: equity and liabilities
10/49 758,3072.6m1.2m194,466106,192372,277138,68682,67678,17888,650
10/15 79,23967,26154,23741,06729,77332,09132,64828,75224,41220,004
10/11 20,90020,90019,00019,00019,00019,00019,00019,00019,00019,000
100 -----19,00019,00019,00019,00019,000
13 --1,9001,9001,9001,9001,9001,9001,9001,000
130/1 --1,9001,9001,900-----
130 -----1,9001,9001,9001,9001,000
1311 --1,9001,9001,900-----
14 58,33946,36133,33720,1678,87311,19111,7487,8523,5124
17/49 679,0672.5m1.1m153,39976,419340,186106,03853,92453,76568,647
17 671,665646,970197,12560,88867,381-----
178/9 671,665646,970197,12560,88867,381-----
42/48 7,4021.9m933,83692,5119,037340,186106,03853,92453,76568,647
44 -1.9m906,47787,94737269,50847,449-9,35536,760
440/4 -1.9m906,47787,94737269,50847,449-9,35536,760
45 7,40222,04927,3594,5649,000-17,5651,4814,391215
450/3 7,4024,0497,8593,064--1,0651,4811,391215
454/9 -18,00019,5001,5009,000-16,500-3,000-
47/48 -----70,67841,02452,44340,02031,671
Income statement
76A 310,420---------
9900 -3,78131,092-1,83312,7381,10911,537-1,57322,9254,4842,164
630 ---------1,042
640/8 968384--------
9901 -4,74830,707-1,83312,7381,10911,537-1,57322,9254,4841,122
75/76B 45,855114,04974,3822,712--7,802-3,8521,077
75 45,855114,04974,3822,712--7,802-3,8521,077
65/66B 25,788127,68354,5841,0933,42612,0941,26817,1042,537980
65 25,788127,56354,5841,0933,42612,0941,26817,1042,537980
66B -120--------
9903 15,31817,07317,96514,358-2,318-5584,9615,8215,7991,219
67/77 3,3394,0494,7943,064--01,0651,4811,391215
9904 11,97913,02413,17111,293-2,318-5573,8964,3404,4091,004
9905 11,97913,02413,17111,293-2,318-5573,8964,3404,4091,004
Appropriation of the result
9906 58,33946,36133,33720,1678,87311,19111,7487,8524,4121,004
14P 46,36133,33720,1678,873------
691/2 --------9001,000
6920 --------9001,000
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 1 item. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 30-09-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2024 micro format 30-09-2025 2025-00516934 PDF
31-12-2023 micro format 22-08-2024 2024-00360483 PDF
31-12-2022 micro format 29-09-2023 2023-00461731 PDF
31-12-2021 full format 25-07-2022 2022-20222841 PDF
31-12-2020 full format 30-08-2021 2021-59800144 PDF
31-12-2019 full format 27-11-2020 2020-72400177 PDF
31-12-2018 full format 29-08-2019 2019-56800244 PDF
31-12-2017 full format 24-08-2018 2018-50200119 PDF
31-12-2016 full format 20-07-2017 2017-34300368 PDF
31-12-2015 full format 30-08-2016 2016-53100501 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2024202320222021202020192018201720162015
---------2,164
---------2,045
-43,32736,396-2,777-18,92927,516-37,16335,537-43,780-6,629-
750,905714,231251,362101,95597,15532,09132,64828,75224,41220,004
10.4%2.6%4.6%21.1%28.0%8.6%23.5%34.8%31.2%22.6%
-1.381.272.1011.751.091.311.531.451.29
54.211.270.931.509.991.090.391.531.450.84
8.5737.8820.853.742.5710.603.251.882.203.43
15.1%19.4%24.3%27.5%-7.8%-1.7%11.9%15.1%18.1%5.0%
1.6%0.5%1.1%5.8%-2.2%-0.1%2.8%5.2%5.6%1.1%

EBIT margin: not included in this filing.

A ratio outside any meaningful range has been withheld (balance sheet total €758,307, equity €79,239).

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on NORGAD

The operating result for 2024 is a loss of €4,748, after a profit of €30,707 in 2023. It is the lowest result since 2015.

Debt's share of the balance-sheet total falls from 97.4% to 89.6%. Equity is higher and debt is lower.

Next steps

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