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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Two loss years in a row NBB
Negative result in 2023 and 2024.
Financials
Financial year 2024
Noordstarfonds from Gent, company number BE0410374336, closed financial year 2024 with a result of € -824,434 after tax. For that financial year Noordstarfonds recorded revenue of € 445,626 and equity of € 17.7 million. Compared with financial year 2023, the result moved from € -367,647 to € -824,434. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2025.
€ 17.7 million
▼ 5% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -824,434
▼ 124 % more loss than in 2023
Profit after tax over the fiscal year.
€ 102,608
▼ 42% vs 2023
Cash and bank balances on the last day of the fiscal year.
People and assets in 2024
16
▲ 2.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 4% vs 2023
€ 72,400 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.
€ 10,289
▲ 88% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 331,166
Supplier invoices still open on the last day of the fiscal year.
€ 159,337
▼ 11% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 148,582 | € 263,410 | € 412,719 | € 445,626 | ▲ 8% |
| Gross margin | € 127,745 | € 183,099 | € 610,558 | € 538,828 | ▼ 12% |
| Profit after taxes | € -985,230 | € -1,037,663 | € -367,647 | € -824,434 | ▼ € 456,787 |
| Equity | € 20,132,062 | € 19,030,993 | € 18,599,940 | € 17,712,100 | ▼ 5% |
| Total debts | € 1,748,646 | € 1,875,717 | € 1,693,780 | € 666,061 | ▼ 61% |
| Cash | € 629,095 | € 628,909 | € 177,869 | € 102,608 | ▼ 42% |
| Land & buildings | € 4,023,482 | € 3,804,938 | € 3,741,034 | € 3,463,259 | ▼ 7% |
| Retained profit | € 19,269,550 | € 18,231,887 | € 17,864,239 | € 17,039,805 | ▼ 5% |
| Bank debt | € 800,000 | € 1,000,000 | € 1,000,000 | € 0 | ▼ 100% |
| Balance sheet total | € 21,880,781 | € 20,906,710 | € 20,293,719 | € 18,378,161 | ▼ 9% |
| Employees (FTE) | 14.5 | 13.9 | 13.8 | 16 | ▲ 2.2 |
Key figures of Noordstarfonds, 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 Noordstarfonds?
What happened at Noordstarfonds in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jan Briers stepped down as director. NBB
- Kathleen Vergote stepped down as director. NBB
- Delphine Hajaji stepped down as director. NBB
- Emmanuel Mus stepped down as director. NBB
- Erik Vanpoucke stepped down as director. NBB
- Kurt Melens stepped down as director. NBB
- Philippe Vander Poorten stepped down as director. NBB
- Katrien Laporte stepped down as director. NBB
In short
From € 985,230 loss in 2021 to € 824,434 loss in 2024.
Paid € 8,455 in corporate taxes since 2021.
On average € 33,700 of value added per employee in 2024.
Management
Directors
According to the 2024 annual accounts
Ann De Bisschop
Director
since 2020 · until 2025
since 2023 · until 2028
Emmanuel Mus
Director
since 2023 · until 2028
Kurt Melens
Managing director
since 2022 · until 2027
Jan Briers
Director
Also active at: vzw Pensioenen van de Volksvertegenwoordigers - asbl Pensions des Députés, Festival van Vlaanderen Gent en Historische Steden
since 2024 · until 2029
Erik Vanpoucke
Chairman of the board
since 2023 · until 2028
Stefaan D'Haeze
Director
since 2020 · until 2025
Philippe Vander Poorten
Director
since 2022 · until 2027
since 2022 · until 2027
Kathleen Vergote
Director
since 2024 · until 2029
Establishments
Establishment units
Physical locations of this company
Kouter 29
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0410.374.336
- VAT number
- BE 0410.374.336
- Registered office
- Kouter 29, 9000 Gent
- Names & denominations
- Noordstarfonds
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 1 January 1935
- Peppol
- Active · Active since 23 Jun 2025
- Activities · NACE
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