Norther SA
16.6 FTENorther reported revenue of €170.8m for the 2025 financial year (annual accounts filed with the NBB on 30 Apr 2026), with 16.6 full-time equivalents.
By total assets for 2025, Norther is the largest of the 50 companies in its sector (NACE 3512) in Belgium that filed accounts for that financial year. Largest companies in the sector →
The score of Norther shows with a free account.
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- Balance sheet strength
- Liquidity
- Repayment capacity
- Profitability
- Trajectory
- Compliance and register
- Position in its sectorvs peers
- Supplier creditat 30 d
- Borrowing capacityborrowable
- Valuationcentral
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Key figures 2025
Change 2022 → 2025: Revenue +7 % Equity +1 % Total assets -17 % Headcount (avg FTE) +1 %
Accounts of the company itself (not consolidated).
The full file covers 10 financial years; a free account shows 2. →Deterministic calculation on the filed accounts, no AI. Dispute the score or report an error
Norther's annual accounts
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | €170.8m | ||||
| Net result | €46.2m | ||||
| Equity | €133.8m | ||||
| Cash | €80.2m | ||||
| EBITDA | €129.4m | ||||
| Total assets | €816.7m |
Filed annual accounts
- Year ended 31 Dec 2025filed on 30 Apr 2026
- Year ended 31 Dec 2024filed on 06 May 2025
- Year ended 31 Dec 2023filed on 27 May 2024
- Year ended 31 Dec 2022filed on 02 May 2023
- Year ended 31 Dec 2021filed on 19 May 2022
Norther's financial analysis
- Solvency16.4%sector median: 32.9%
- Current ratio
- Net margin
- ROE
- Financial debt / EBITDA
- Interest coverage
- Days sales outstanding (DSO)
Management and control of Norther
Norther's publications in the Belgian Gazette
Company number, VAT number and registered office
- Company number (CBE)
- 0896.052.742
- VAT number
- BE0896052742
- Peppol
- Registered · 0208:0896052742 · as of 10 Nov 2026
- Legal form
- SA
- Incorporated
- 27 Feb 2008
- Registered office
- 8400 Ostend
- Size
- Small · 16.6 FTE
- Latest accounts
- 2025 · filed on 30 Apr 2026
- Activity
- Production of electricity from renewable sources (NACE 35120)
Norther (SA) has been based in Ostend since 2008, active in: production of electricity from renewable sources. For 2025, it reports revenue of €170.8m, a net profit of €46.2m and equity of €133.8m. With 16.6 full-time equivalents, it is a small enterprise by headcount. Its solvency stands at 16.4%, below the median of its sector (32.9%).
Guide: Reading Belgian SME accounts: the five figures that count →
Companies similar to Norther
Companies in the same business, of comparable size and area, outside its group.
- ARE P0108 Production of electricity from renewable sources Ghent · balance sheet 499,090 €
- Energy for Them Production of electricity from non-renewable sources Kapellen · balance sheet 35,312 €
- BE-NUC Production of electricity from non-renewable sources Brussels · balance sheet €976.9m
- Luminus Seraing 2.0 Production of electricity from non-renewable sources Saint-Josse-ten-Noode · balance sheet €587.4m
- Northwester 2 Production of electricity from non-renewable sources Leuven · balance sheet €470.1m
- RESA Production of electricity from non-renewable sources Liège · balance sheet €2.25bn
- Northwind Production of electricity from renewable sources Kortrijk · balance sheet €392.5m
- Nobelwind Production of electricity from non-renewable sources Leuven · balance sheet €378.9m
Frequently asked questions about Norther
What is the revenue of Norther?
According to the 2025 annual accounts filed with the NBB, the revenue of Norther amounts to 170,798,217 €.
What is the VAT number of Norther?
In Belgium, the VAT number is the company number prefixed with BE: BE0896052742 for Norther, if the company is VAT-registered. Its company number (CBE) is 0896.052.742.
Where is the registered office of Norther?
According to the CBE register, the registered office of Norther is in 8400 Ostend.
What is the equity of Norther?
At the close of the 2025 financial year, the equity of Norther amounts to 133,774,760 €, a solvency of 16.4% of total assets.
How many people work at Norther?
16.6 full-time equivalents on average according to the 2025 social balance sheet.
Who manages Norther?
The register lists 16 active mandates at Norther. Names and roles are in the full file, with the deeds published in the Belgian Gazette.
How large is Norther within its sector?
By total assets for 2025, Norther is the largest of the 50 companies in its sector (NACE 3512) in Belgium that filed accounts for that financial year.
The full file of Norther
Directors and mandates, ownership network, Gazette deeds, ten years of accounts and ratios, Excel export, and Idonis's analysis in one question.
Open the full file →