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NORLAND

Active
Public limited companyfounded 1993active for 33 yearsRue Reppe 20, 5300 Andenne, BelgiumKBO/BCE: BE 0449.333.395
Summary

NORLAND has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.6m and a net result of -€129,563. Equity is growing by about 3% per year across the filed financial years. Its solvency ranks better than 67% of 317 sector peers (NACE 20, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisFollow ReportCompare
NORLANDActiveChecked score 82/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of chemicals and chemical products
NACE 20150
5th largest company by equity in Andenne, Manufacturing sector1 site
Size
€9.0mturnover 2025
Staff
12.8 FTE
Equity
€3.6m
Loss
-€129,563
Financial health
82 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Parent
PEATINVEST · 100%
Auditor: RSM INTERAUDIT2025 accounts 31 days early3 of 21 deeds summarised
Why 82raises risk1 change of registered office in 24 monthsLiquidity: current ratio 1.90, cash €45,244, halvedLoss of €129,563, the second in a row (financial year 2025)lowers riskFounded in 1993Show the evidence

Checked score

Score 2025
82 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 44% of its sector peers (NACE 20, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 90-10
equity 64.6% of total assets
Liquidity 35-13
short-term debt 35.4% · cash 0.8%
Profitability 56+43
return on assets -2.3%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (147 companies, NACE 20, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.2%▲ +0.1 percentage points vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.5%● unchanged vs 08-2026highest value 10-2026: 0.5%● unchanged vs 09-2026highest value
Credit of up to €290,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.9, compared with 2.69 in 2024, above the usual 1.5; short-term debt: 35.4% and cash: 0.8% of total assets), and 35.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 20, small): better than 69% on solvency, 27% on liquidity, 29% on profitability and 50% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Founded in 1993
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 1.90, cash €45,244, halved
NBB · annual accounts
raises risk · Loss of €129,563, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1919202122232425
2019 to 2025 · latest year -€129,563
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 days early
2024
21 days early
2023
8 days early
2022
31 days early
2021
13 days early
2020
10 days late
2019
41 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 8 days before the deadline; the sector median (NACE 20) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Grant Thornton Bedrijfsrevisoren (statutory auditor)Appointment: RSM INTERAUDIT (statutory auditor)…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Resignation: PEATINVEST NV (director)Permanent representative: Philippe Gysen ·…

Key points

  • Positive: Result rose in 2025from -€374,167 to -€129,563 ▲ 65.4% View
  • Caution: Among the weakest 20% on net resultsector median €461,868 · 318 companies -€129,563 View
  • Board changedlatest change 22-01-2026 · 3 in office 3 joined · 1 left View
  • Controlled by PEATINVESTultimately: STRACO PE 100% View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€129,563 View
  • Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View

By topic

Financials

Financial year
2025
Turnover
€9.0m
Loss
-€129,563
Solvency
64.6%
Turnover▲ 5.9%
Net result
20192025
Go to Financials

Board & ownership

Board
3 members
Parent
PEATINVEST · 100%
Auditor
RSM INTERAUDIT
  • Alan BerginDirector
  • GATTSUDirector
  • Mark PortmanDirector
Go to Board & ownership

Timeline

Events
38
Since
1994
Next accounts
by 31-07-2027
  1. 10-07-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 23-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of chemicals and chemical productsNACE 20150
Founded
28-01-1993
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
19
Financial year
From 1 October to 30 September
Annual meeting
Third Friday of February at 13:00
Go to Articles of association

Key facts about NORLAND

What is the company number of NORLAND?
0449.333.395. In Belgium the VAT number is the company number with BE in front: BE 0449.333.395.
Where is NORLAND based?
The registered office is at Rue Reppe 20, 5300 Andenne.Company details
What does NORLAND do?
According to the KBO register, the main activity is manufacture of chemicals and chemical products (NACE 20150).
What is the legal form of NORLAND?
Public limited company (NV).
When was NORLAND founded?
On 28-01-1993.
Is NORLAND still active?
Yes, NORLAND is an active enterprise in the KBO register.
How many employees does NORLAND have?
On average 12.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of NORLAND?
€9.0m in financial year 2025, according to the filed annual accounts.
Is NORLAND profitable?
In financial year 2025, NORLAND made a loss of €129,563.
Where can I find the annual accounts of NORLAND?
NORLAND filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of NORLAND due?
By 31-07-2027, for financial year 2026.Timeline

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?STRACO PE · 19 companies

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