Result
€776,540 ▲ 145%
The result rose in 2024 from €316,589 to €776,540.
Norgine
Lifetime
17 annual accounts with figures on one time axis, 46 filings since 1978peak €19.1m (2024)
€19.1m▲ 4.6%
lowest -€55,251 (2020)
€776,540▲ 145%
peak €7.0m (2024)
€7.0m▲ 12.7%
€7.1m▲ 107%
peak 44.8 FTE (2012)
23.6 FTE▼ 14.2%
Board19 names since 2004all names
3 directors and 2 others
Owners2 names in the annual accounts
consolidates
Documentsfilings and deeds
06-10-202567 days late
2024financial year
Result from €316,589 to €776,540Staff from 27.5 FTE to 23.6 FTENew managing director 14-10Registered office moved within Leuven 09-09Permanent representatives: and 01-03Amendment of the articles 01-02
Key points
from the 2024 annual accountsDebts
€7.1m ▲ 107%
Debts rose by €3.7m in 2024.
Staff
23.6 FTE from 44.8 in 2012
Between 2012 and 2024, 47% of the full-time equivalents disappeared.
Payment terms
88 days to suppliers
Norgine pays its suppliers 74 days later than in 2023. Customers pay 6 days later.
Filings
46 annual accounts 104 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
At the same address
137 companies
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 20,124 companies had the same profile as Norgine has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,124 companies, not a prediction for Norgine. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Managing director
Director
Director
Auditor,
- consolidatedLEI register
- annual accounts 2024
- annual accounts 2024
Recent changes
Resignation: (director)
Appointment: . (director) · Director discharge: · General meeting of 05-08-2026 · Gazette deed
Reappointments: (director) and (statutory auditor)
General meeting of 02-10-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0403077461
New managing director
appointed, resigned · Board meeting of 20-09-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Norgine Leuven | €19.1m | 5.6% | 49.5% | 23.6 |
| LAGAE JOZEF EN ZONEN - VLASHANDEL EN - NIJVERHEID - LAGAE JOSEPH ET FILS - COMMERCE ET INDUSTRIE DU LIN Kuurne | €16.5m | -0.2% | 10.0% | 25.1 |
| Crocodile Kortrijk | €24.2m | -2.1% | 82.5% | 26.7 |
| TELEFLEX MEDICAL Brussels | €18.7m | 3.2% | 40.9% | 16.8 |
| Melisana Evere | €29.4m | 9.5% | 74.0% | 31.1 |
| ZAMBON Jette | €18.8m | 10.2% | 38.5% | 20.8 |
| GRUNENTHAL Zaventem | €39.3m | 7.2% | 31.6% | 28.8 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Norgine: wholesale of pharmaceutical and medical goods (NACE 46460). They are comparable in size and age: total assets between €7.2m and €16m, founded between 1952 and 1966.
Official details
Source: KBO- Status
- Active since 01-01-1930Normal situation
- Registered office
- 138 active companies are registered at this address6 started in the 12 months before. Source: KBO register, as of 12 November 2026.
- Activity
- Wholesale of pharmaceutical and medical goodsNACE 46460
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2022
- Establishment unit
- 2.363.715.4973001 Leuven, since 01-09-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2025
Annual accounts 2024
- €14.1m▲ 46.3%
- Employeeson 31-12-2024
- 20▼ 25.9%
- Filing
- Filed on 06-10-2025
Insights on Norgine
Norgine has existed since 1930. Turnover grew from €12.5m in 2006 to €19.1m in 2024, while staff fell from 41.1 to 23.6 full-time equivalents.
Turnover has grown every year since 2020. Solvency fell in 2024 from 64.3% to 49.5% because of higher debts to suppliers.
In October 2024, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Norgine
- What is the company number of Norgine?
- The company number of Norgine is 0403.077.461. The VAT number is the same number with BE in front: BE 0403.077.461.
- Where is Norgine based?
- The registered office is at Philipssite 5, 3001 Leuven.Company details
- What does Norgine do?
- According to the KBO register, the main activity is wholesale of pharmaceutical and medical goods (NACE 46460).
- What is the legal form of Norgine?
- Norgine is a public limited company (NV).
- When was Norgine founded?
- Norgine was founded on 01-01-1930.
- Is Norgine still active?
- Yes, Norgine is an active enterprise in the KBO register.
- How many employees does Norgine have?
- Norgine had an average of 23.6 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does Norgine fall under?
- In its 2022 annual accounts, Norgine states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Norgine?
- The turnover of Norgine was €19.1m in financial year 2024, according to the filed annual accounts.
- Is Norgine profitable?
- In financial year 2024, Norgine made a profit of €776,540.
- Where can I find the annual accounts of Norgine?
- Norgine filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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