Financials
Financial year 2025
NORTH EAST WEST SOUTH from Gent, company number BE0454017408, closed financial year 2025 with a result of € 3,375 after tax. For that financial year NORTH EAST WEST SOUTH recorded a gross margin of € 1.3 million and equity of € 192,550. Compared with financial year 2024, the result moved from € 12,778 to € 3,375. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 18, 2026.
€ 192,550
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,375
▼ 74% vs 2024
Profit after tax over the fiscal year.
€ 1.1 million
▼ 12% 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 € -57,450.
People and assets in 2025
16.2
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 3% vs 2024
€ 71,300 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.
€ 2,568
▼ 67% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 165,715
▼ 25% vs 2024
€ 51,631 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 738,760
▲ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 127,462
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,076,102 | € 1,106,472 | € 1,099,449 | € 1,320,648 | ▲ 20% |
| Profit after taxes | € 22,016 | € 14,760 | € 12,778 | € 3,375 | ▼ 74% |
| Equity | € 161,636 | € 176,397 | € 189,174 | € 192,550 | ▲ 2% |
| Total debts | € 3,313,715 | € 3,092,458 | € 2,404,804 | € 2,114,421 | ▼ 12% |
| Cash | € 2,040,321 | € 1,740,085 | € 1,277,055 | € 1,121,932 | ▼ 12% |
| Retained profit | € -88,364 | € -73,603 | € -60,826 | € -57,450 | ▲ € 3,375 |
| Bank debt | € 90,585 | € 269,036 | € 219,505 | € 165,715 | ▼ 25% |
| Balance sheet total | € 3,475,352 | € 3,268,854 | € 2,593,979 | € 2,306,971 | ▼ 11% |
| Employees (FTE) | 17.3 | 17 | 16.7 | 16.2 | ▼ 0.5 |
Key figures of NORTH EAST WEST SOUTH, 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 NORTH EAST WEST SOUTH?
What happened at NORTH EAST WEST SOUTH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,375 (▼ 74% vs 2024). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,016 profit in 2022 to € 3,375 profit in 2025.
Paid € 31,956 in corporate taxes since 2022.
Best year ever: 2022, with € 22,016 profit.
On average € 81,500 of value added per employee in 2025.
Management
Behind NORTH EAST WEST SOUTH are General Music Management Bv, Vaja Music Management Bv and We See Well Bv.
Directors
According to the 2025 annual accounts
Managing director · represented by Geert De Blaere
Director · represented by Jan Vanneste
Director · represented by Stefaan Vandenberghe
Establishments
Establishment units
Physical locations of this company
Dendermondsesteenweg 140A box 1
9000 Gent
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
- 0454.017.408
- VAT number
- BE 0454.017.408
- Registered office
- Dendermondsesteenweg 140A bus 1, 9000 Gent
- Names & denominations
- NORTH EAST WEST SOUTH · N.E.W.S.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 December 1994
- Peppol
- Active · Active since 29 Sept 2025
- Activities · NACE
Groothandel in andere consumentenartikelen, neg
Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur
Groothandel in opgenomen beeld- en geluidsdragers
Uitgeverijen van muziekopnamen