Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Late annual account NBB
Fiscal year 2024 was filed 215 days after the legal deadline.
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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
NORTHSTAR from Antwerpen, company number BE0402405686, closed financial year 2024 with a result of € 1.2 million after tax. For that financial year NORTHSTAR recorded revenue of € 1.5 billion and equity of € 25.4 million. Compared with financial year 2023, the result moved from € 13 million to € 1.2 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 3, 2026.
€ 25.4 million
▲ 5% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▼ 91% vs 2023
Profit after tax over the fiscal year.
€ 4.9 million
▲ 20% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 21.8 million.
People and assets in 2024
2.5
▼ 2.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 280,650
▼ 50% vs 2023
€ 112,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 82,957
▼ 57% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 3.8 million
▼ 73% vs 2023
€ 45,975 is repaid this year. At this pace the long-term loan is gone in ≈ 40 years.
€ 18.2 million
▼ 28% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 4 days on average.
€ 25,430
▼ 99% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 939,645,054 | € 1,765,481,857 | € 1,418,599,989 | € 1,523,620,603 | ▲ 7% |
| Profit after taxes | € 722,851 | € 13,374,033 | € 13,012,481 | € 1,193,396 | ▼ 91% |
| Equity | € 13,659,087 | € 24,533,120 | € 24,195,601 | € 25,388,997 | ▲ 5% |
| Total debts | € 36,470,266 | € 35,240,499 | € 42,201,958 | € 22,957,048 | ▼ 46% |
| Cash | € 6,056,112 | € 2,041,063 | € 4,070,236 | € 4,888,327 | ▲ 20% |
| Retained profit | € 10,107,053 | € 20,981,087 | € 20,643,567 | € 21,836,964 | ▲ 6% |
| Dividend | € 0 | € 2,500,000 | € 13,350,000 | € 0 | ▼ 100% |
| Bank debt | € 24,768,626 | € 18,548,724 | € 14,183,853 | € 3,845,975 | ▼ 73% |
| Balance sheet total | € 50,129,352 | € 59,773,619 | € 66,397,559 | € 48,346,045 | ▼ 27% |
| Employees (FTE) | 3.7 | 4.6 | 5 | 2.5 | ▼ 2.5 |
Key figures of NORTHSTAR, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to NORTHSTAR?
What happened at NORTHSTAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- INTERNATIONAL SHIPPING HOUSE BO stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 1.2 million (▼ 91% vs 2023). filed late Source: NBB ↗
- INTERNATIONAL SHIPPING HOUSE BO became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 722,851 profit in 2021 to € 1.2 million profit in 2024.
Paid € 10.3 million in corporate taxes since 2021.
Best year ever: 2022, with € 13.4 million profit.
Paid out € 15.9 million in dividends to the owners in total.
Management
The shares are held by VEPO INVEST NV (100%).
Directors
According to the 2024 annual accounts
INTERNATIONAL SHIPPING HOUSE BO
Director · represented by Erik VERSTRAETEN
Also active at: VEPO INVEST
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vosseschijnstraat 140 box D
2030 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →Werkhuizen Frans Stevens
€ 342,415 gross margin · 2025
Agaat
€ 615,291 gross margin · 2024
VANS BUNKERS
€ 54.9 million revenue · 2024
BEHOUDSVERENIGING BEBAKENINGSVAARTUIG DOEL
BEZEMER COATINGS
€ 417,883 gross margin · 2025
+14 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.405.686
- VAT number
- BE 0402.405.686
- Registered office
- Vosseschijnstraat 140 bus D, 2030 Antwerpen
- Names & denominations
- NORTHSTAR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 August 1935
- Peppol
- Active · Active since 24 Oct 2025
- Activities · NACE
Groothandel in vaste, vloeibare en gasvormige brandstoffen en aanverwante producten
Goederenvervoer over de weg
Groothandel in hout
Winning van kalksteen, gips, leisteen en andere steen
Winning van cementsteen