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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
IMMOBILIERE NORTH SEA PROPERTIES from Ieper, company number BE0432888432, closed financial year 2025 with a result of € -995,368 after tax. For that financial year IMMOBILIERE NORTH SEA PROPERTIES recorded a gross margin of € -130,320 and equity of € 3.1 million. Compared with financial year 2024, the result moved from € -494,484 to € -995,368. 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 October 15, 2026.
€ 3.1 million
▼ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -995,368
▼ 101 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,625
▼ 57% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.7 million.
Debts at end 2025
€ 1.3 million
Loans from banks and other lenders, long and short.
€ 464,100
▲ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1.5 million
▲ € 1.1 million vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,275,852 | € -261,255 | € -465,348 | € -130,320 | ▲ € 335,028 |
| Profit after taxes | € 1,143,584 | € -319,842 | € -494,484 | € -995,368 | ▼ € 500,884 |
| Equity | € 4,925,364 | € 4,605,521 | € 4,111,037 | € 3,115,669 | ▼ 24% |
| Total debts | € 960,165 | € 1,879,206 | € 2,086,125 | € 3,291,158 | ▲ 58% |
| Cash | € 348 | € 941 | € 3,806 | € 1,625 | ▼ 57% |
| Land & buildings | € 3,700,000 | € 3,606,470 | € 3,512,939 | € 2,750,000 | ▼ 22% |
| Retained profit | € 4,528,734 | € 4,208,892 | € 3,714,408 | € 2,719,039 | ▼ 27% |
| Bank debt | € 0 | € 1,325,000 | € 1,325,000 | € 1,330,757 | |
| Balance sheet total | € 5,885,529 | € 6,484,728 | € 6,197,162 | € 6,406,827 | ▲ 3% |
Key figures of IMMOBILIERE NORTH SEA PROPERTIES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to IMMOBILIERE NORTH SEA PROPERTIES?
What happened at IMMOBILIERE NORTH SEA PROPERTIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Paul Gheysens stepped down as director. NBB
- Passionata BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 995,368. filed late Source: NBB ↗
- Ghemic BV became a director. NBB
- Paul Gheysens became a director. NBB
- Passionata BV became a director. NBB
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million profit in 2022 to € 995,368 loss in 2025.
Paid € 595,447 in corporate taxes since 2022.
Best year ever: 2022, with € 1.1 million profit.
Management
The stake of DEUS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMOBILIERE NORTH SEA PROPERTIESBehind IMMOBILIERE NORTH SEA PROPERTIES is Ghemic BV. The shares are held by DEUS (100%).
Directors
According to the 2025 annual accounts
Director · represented by Michael Gheysens
Also active at: R.H.R. - INDUSTRIES, GARAGE S.O.S., GHELAMCO INVEST, SOGIMES, THE WHITE HOUSE ZOUTE, STEELCON, BELGIAN TRADING COMPANY, IMMOBILIERE COGIMES +44 more
since 2025
Paul Gheysens
Chairman of the board
Also active at: DOCK-SITE, R.H.R. - INDUSTRIES, GHELAMCO, GHELAMCO INVEST, SOGIMES, YPFINANCE, THE WHITE HOUSE ZOUTE, PRODIP +74 more
since 2023 · until 2029
Managing director · represented by Ria Vandoorne
Also active at: PRODIP, ELZENWALLE, ZOUTEWIND, ZEEWALLE, PROJECT BOUDEWIJNLAAN, ZOUTEKREKEN, PHORMIO, DEUS +2 more
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zwaanhofweg 10
8900 Ieper
Zoutelaan 282
8300 Knokke-Heist
Active since 18 June 1998
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
All companies at this address →R.H.R. - INDUSTRIES same network
€ 233,316 gross margin · 2025
GARAGE S.O.S. same network
€ -8,977 gross margin · 2025
GHELAMCO same network
€ 549,961 revenue · 2024
GHELAMCO INVEST same network
€ 38.6 million revenue · 2025
SOGIMES same network
€ 4.7 million gross margin · 2025
+74 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
- 0432.888.432
- VAT number
- BE 0432.888.432
- Registered office
- Zwaanhofweg 10, 8900 Ieper
- Names & denominations
- IMMOBILIERE NORTH SEA PROPERTIES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 1987
- Peppol
- Not registered