Financials
Financial year 2025
True North Asset Management from Sint-Martens-Latem, company number BE0457827330, closed financial year 2025 with a result of € 388,940 after tax. For that financial year True North Asset Management recorded a gross margin of € 746,714 and equity of € 2 million. Compared with financial year 2024, the result moved from € 357,229 to € 388,940. 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 April 27, 2026.
€ 2 million
▲ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 388,940
▲ 9% vs 2024
Profit after tax over the fiscal year.
€ 296,927
▲ 113% 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 € 1.7 million.
People and assets in 2025
€ 15,993
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▼ 31% vs 2024
€ 145,262 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 18,976
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 47,590
▼ 37% 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 | € 422,281 | € 633,331 | € 695,896 | € 746,714 | ▲ 7% |
| Profit after taxes | € 200,277 | € 273,643 | € 357,229 | € 388,940 | ▲ 9% |
| Equity | € 938,662 | € 1,217,660 | € 1,574,890 | € 1,963,829 | ▲ 25% |
| Total debts | € 1,497,900 | € 1,927,697 | € 2,049,512 | € 1,432,179 | ▼ 30% |
| Cash | € 85,448 | € 65,452 | € 139,593 | € 296,927 | ▲ 113% |
| Land & buildings | € 1,747,489 | € 2,365,961 | € 2,311,059 | € 1,621,485 | ▼ 30% |
| Retained profit | € 638,662 | € 917,660 | € 1,274,890 | € 1,663,829 | ▲ 31% |
| Dividend | € 800 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,245,827 | € 1,657,614 | € 1,884,128 | € 1,309,353 | ▼ 31% |
| Balance sheet total | € 2,488,376 | € 3,190,304 | € 3,667,835 | € 3,418,457 | ▼ 7% |
Key figures of True North Asset Management, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to True North Asset Management?
What happened at True North Asset Management in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bernard Hendrikx stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 388,940 (▲ 9% vs 2024). Source: NBB ↗
- Bernard Hendrikx became a director. NBB
- New establishment in Sint-Martens-Latem. KBO
- Start of the company according to the CBE. KBO
In short
From € 200,277 profit in 2022 to € 388,940 profit in 2025.
Paid € 647,137 in corporate taxes since 2022.
Best year ever: 2025, with € 388,940 profit.
Paid out € 800 in dividends to the owners in total.
Management
It owns 33.3% of Apropo, 33.3% of Integra Capital Partners, 26.7% of Integra Partners and 0.3% of Integra Fund Privak itself.
Directors
According to the 2025 annual accounts
Bernard Hendrikx
Director
Also active at: INTEGRA CAPITAL PARTNERS, ZEPA, Integra Partners, Nestor Holding, SACK INVEST, Nestor Europe
since 2007 · until 9999
Establishments
Establishment units
Physical locations of this company
Dorpsstraat 8
9831 Sint-Martens-Latem
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
Self-hosted
Hosting
INFOPACT-AS The Netherlands, NL
DNS
Cloudflare DNS
Website info
Features
Security
Details
- Company number
- 0457.827.330
- VAT number
- BE 0457.827.330
- Registered office
- Dorpsstraat 8, 9831 Sint-Martens-Latem
- Names & denominations
- True North Asset Management
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 April 1996
- Peppol
- Active · Active since 30 Oct 2023
- Contact
- ultreia.be
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige gespecialiseerde groothandel in voedingswaren
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Activiteiten van holdings
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Overige rechtskundige dienstverlening
Groothandel in andere voedingsmiddelen, neg
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