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 2025 and 2026.
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Figures corrected NBB
Corrected annual account filed for 2026.
Financials
Financial year 2026
NORTHLANDT from Lokeren, company number BE0459739517, closed financial year 2026 with a result of € -300,194 after tax. For that financial year NORTHLANDT recorded revenue of € 5.8 million and equity of € 35.2 million. Compared with financial year 2025, the result moved from € -375,746 to € -300,194. 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 22, 2026.
€ 35.2 million
▼ 29% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -300,194
▲ 20 % less loss than in 2025
Profit after tax over the fiscal year.
€ 12.5 million
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.4 million.
People and assets in 2026
18.3
▲ 0.3 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 1 million
▲ 13% vs 2025
€ 57,100 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.
€ 114,855
▲ 130% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 35,714
▼ 55% vs 2025
Loans from banks and other lenders, long and short.
€ 163,378
▼ 74% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 11 days on average.
€ 152,762
▲ 17% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | - | € 5,402,473 | € 5,606,437 | € 5,790,970 | ▲ 3% |
| Gross margin | € 1,121,067 | - | - | - | |
| Profit after taxes | € 1,038,323 | € 7,844,148 | € -375,746 | € -300,194 | ▲ € 75,552 |
| Equity | € 41,931,955 | € 49,776,103 | € 49,400,357 | € 35,184,549 | ▼ 29% |
| Total debts | € 1,425,642 | € 832,562 | € 894,731 | € 11,729,923 | ▲ € 10.8 million |
| Cash | - | - | - | € 12,493,522 | |
| Land & buildings | € 2,747,252 | € 2,664,035 | € 2,610,925 | - | |
| Retained profit | € 8,094,307 | € 15,938,455 | € 15,562,709 | € 3,442,485 | ▼ 78% |
| Dividend | € 0 | € 0 | € 0 | € 11,000,000 | |
| Bank debt | € 708,679 | € 121,429 | € 78,571 | € 35,714 | ▼ 55% |
| Balance sheet total | € 43,357,598 | € 50,608,665 | € 50,295,088 | € 46,914,473 | ▼ 7% |
| Employees (FTE) | 15.9 | 17.8 | 18 | 18.3 | ▲ 0.3 |
Key figures of NORTHLANDT, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to NORTHLANDT?
What happened at NORTHLANDT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Stefaan Vandamme stepped down as director. NBB
- Jef Colruyt stepped down as director. NBB
- Kris Castelein stepped down as director. NBB
- Stefan Goethaert stepped down as director. NBB
- Jo Willemyns stepped down as director. NBB
- Corrected annual accounts filed for financial year 2026. Source: NBB ↗
- Stefan Goethaert became a director. NBB
- Jo Willemyns became a director. NBB
In short
From € 1 million profit in 2023 to € 300,194 loss in 2026.
Paid € 13,307 in corporate taxes since 2023.
Best year ever: 2024, with € 7.8 million profit.
On average € 70,500 of value added per employee in 2023.
Management
The stake of Colruyt Food Retail comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NORTHLANDTThe shares are held by Ahara NV (100%) and Colruyt Food Retail (100%). It owns 100% of Roelandt NV and 76% of Immo Roelandt itself.
Directors
According to the 2026 annual accounts
Stefaan Vandamme
Director
since 2022 · until 2028
Jef Colruyt
Director
since 2022 · until 2028
Kris Castelein
Director
since 2022 · until 2028
Stefan Goethaert
Director
since 2022 · until 2027
Jo Willemyns
Director
since 2022 · until 2027
Shareholders
100%
100%
Participations
100%
76%
Establishments
Establishment units
Physical locations of this company
Moortelstraat 9
9160 Lokeren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0459.739.517
- VAT number
- BE 0459.739.517
- Registered office
- Moortelstraat 9, 9160 Lokeren
- Names & denominations
- NORTHLANDT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 January 1997
- Peppol
- Active · Active since 30 Oct 2023
- Activities · NACE
Opslag
Opslag in koelpakhuizen
Goederenvervoer over de weg