Financials
Financial year 2025
VASTGOED NOORD from Gent, company number BE0443549029, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year VASTGOED NOORD recorded a gross margin of € 5.5 million and equity of € 32.8 million. Compared with financial year 2024, the result moved from € 934,942 to € 1.3 million. Profitable, and profit is growing. 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 July 3, 2026.
€ 32.8 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▲ 44% vs 2024
Profit after tax over the fiscal year.
€ 102,815
▼ 72% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 21.8 million.
People and assets in 2025
4.2
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 213,007
▲ 7% vs 2024
€ 50,700 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.
€ 18,924
▼ 45% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8.7 million
▼ 28% vs 2024
€ 3.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 847,498
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 521,609
▼ 19% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,876,373 | € 4,491,923 | € 5,579,159 | € 5,483,531 | ▼ 2% |
| Profit after taxes | € 966,062 | € 459,612 | € 934,942 | € 1,342,019 | ▲ 44% |
| Equity | € 30,080,943 | € 30,540,555 | € 31,475,497 | € 32,817,516 | ▲ 4% |
| Total debts | € 20,760,536 | € 17,445,469 | € 14,492,962 | € 11,680,651 | ▼ 19% |
| Cash | € 240,841 | € 149,686 | € 365,111 | € 102,815 | ▼ 72% |
| Land & buildings | € 36,721,463 | € 34,009,079 | € 31,306,495 | € 28,605,242 | ▼ 9% |
| Retained profit | € 19,085,943 | € 19,545,555 | € 20,480,497 | € 21,822,516 | ▲ 7% |
| Bank debt | € 18,025,753 | € 14,922,289 | € 12,031,788 | € 8,722,862 | ▼ 28% |
| Balance sheet total | € 53,205,156 | € 50,227,835 | € 48,088,403 | € 46,496,243 | ▼ 3% |
| Employees (FTE) | 4.6 | 4.6 | 4.1 | 4.2 | ▲ 0.1 |
Key figures of VASTGOED NOORD, 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 VASTGOED NOORD?
What happened at VASTGOED NOORD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.3 million (▲ 44% vs 2024). Source: NBB ↗
- Club Sports Diffusion NV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 966,062 profit in 2022 to € 1.3 million profit in 2025.
Paid € 1.8 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.3 million profit.
On average € 1.3 million of value added per employee in 2025.
Management
The stake of HECTOR INVESTMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VASTGOED NOORDBehind VASTGOED NOORD is Club Sports Diffusion NV. The shares are held by HECTOR INVESTMENT (65.4%). It owns 62.5% of Union B itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Hans De Neef
Also active at: PLASSCHAERT, HECTOR INVESTMENT, Havenlofts Gent, MARGOTE, 't Oud Klooster, landvoogd Aelbrecht, Isabella, P&W Immo +1 more
since 2018
Shareholders
65.4%
Participations
62.5%
Establishments
Establishment units
Physical locations of this company
Dok-Noord 39
9000 Gent
Dok-Noord 7
9000 Gent
Active since 18 November 1991
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0443.549.029
- VAT number
- BE 0443.549.029
- Registered office
- Dok-Noord 39, 9000 Gent
- Names & denominations
- VASTGOED NOORD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 March 1991
- Peppol
- Active · Active since 29 Aug 2023
- Contact
- [email protected]
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Diensten verwant aan de scheppende en uitvoerende kunst
Exploitatie van schouwburgen, concertzalen en dergelijke
Gespecialiseerde beeld-, verlichtings- en geluidstechnieken