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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Noorthof from Middelkerke, company number BE0452530239, closed financial year 2025 with a result of € -223,014 after tax. For that financial year Noorthof recorded a gross margin of € -24,116 and equity of € -5.8 million. Compared with financial year 2024, the result moved from € -248,755 to € -223,014. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ -5.8 million
▼ € 223,014 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -223,014
▲ 10 % less loss than in 2024
Profit after tax over the fiscal year.
€ 14,464
▼ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.9 million.
People and assets in 2025
€ 13,230
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 122,729
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 400,000
Loans from banks and other lenders, long and short.
€ 33,240
▲ 138% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,466
▲ 220% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 98,509 | € 59,067 | € -83,914 | € -24,116 | ▲ € 59,798 |
| Profit after taxes | € -63,786 | € -112,484 | € -248,755 | € -223,014 | ▲ € 25,741 |
| Equity | € -5,238,475 | € -5,350,959 | € -5,599,714 | € -5,822,728 | ▼ € 223,014 |
| Total debts | € 9,589,305 | € 9,218,591 | € 9,613,304 | € 9,950,813 | ▲ 4% |
| Cash | € 353,244 | € 293,436 | € 19,136 | € 14,464 | ▼ 24% |
| Land & buildings | € 3,216,409 | € 3,102,647 | € 2,987,747 | € 2,872,848 | ▼ 4% |
| Retained profit | € -5,310,891 | € -5,423,375 | € -5,672,130 | € -5,895,144 | ▼ € 223,014 |
| Bank debt | € 400,000 | € 400,000 | € 400,000 | € 400,000 | |
| Balance sheet total | € 4,350,830 | € 3,867,632 | € 4,013,590 | € 4,128,085 | ▲ 3% |
Key figures of Noorthof, 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 Noorthof?
What happened at Noorthof in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 223,014. filed late Source: NBB ↗
- New establishment in Middelkerke. KBO
- Start of the company according to the CBE. KBO
In short
From € 63,786 loss in 2022 to € 223,014 loss in 2025.
Paid € 1,358 in corporate taxes since 2022.
Management
Behind Noorthof is Koen Terryn.
Directors
According to the 2025 annual accounts
Koen Terryn
Director
Establishments
Establishment units
Physical locations of this company
Vaartdijk-Noord 58
8433 Middelkerke
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0452.530.239
- VAT number
- BE 0452.530.239
- Registered office
- Vaartdijk-Noord 58, 8433 Middelkerke
- Names & denominations
- Noorthof
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 April 1994
- Peppol
- Active · Active since 18 Nov 2025
- Contact
- qualitystud.be [email protected]
- Activities · NACE
Fokken en houden van paarden en andere paardachtigen
Schapen-, geiten-, paarden-, ezel-, muildieren- of muilezelhouderij
Ondersteunende activiteiten in verband met de veeteelt
Groothandel in levend vee
Groothandel in levende dieren, muv levend vee
Overige sportactiviteiten, neg
Groothandel in delen en toebehoren van motorvoertuigen
Verhuur en lease van landbouwmachines en -werktuigen
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