Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
SEPTENTRIO from Leuven, company number BE0470094266, closed financial year 2024 with a result of € 15.7 million after tax. For that financial year SEPTENTRIO recorded revenue of € 54.3 million and equity of € 62.6 million. Compared with financial year 2023, the result moved from € 14.1 million to € 15.7 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 June 17, 2025.
€ 62.6 million
▲ 33% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 15.7 million
▲ 11% vs 2023
Profit after tax over the fiscal year.
€ 36.7 million
▲ 95% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 55.3 million.
People and assets in 2024
114.9
▲ 4.4 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 14.5 million
▲ 15% vs 2023
€ 126,000 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.
€ 181,609
▼ 19% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 5.4 million
▲ 7% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 70 days on average.
€ 3.7 million
▲ 40% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 28,527,122 | € 38,236,360 | € 44,946,945 | € 54,320,562 | ▲ 21% |
| Profit after taxes | € 4,197,111 | € 8,767,381 | € 14,121,344 | € 15,683,929 | ▲ 11% |
| Equity | € 24,046,946 | € 32,814,327 | € 46,935,671 | € 62,619,600 | ▲ 33% |
| Total debts | € 7,751,147 | € 9,279,334 | € 11,003,433 | € 12,688,525 | ▲ 15% |
| Cash | € 7,259,074 | € 8,848,113 | € 18,783,031 | € 36,663,587 | ▲ 95% |
| Retained profit | € 16,747,031 | € 25,514,412 | € 39,635,756 | € 55,319,685 | ▲ 40% |
| Bank debt | € 25,602 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 31,905,792 | € 42,316,258 | € 58,044,332 | € 75,412,925 | ▲ 30% |
| Employees (FTE) | 97.3 | 103.1 | 110.5 | 114.9 | ▲ 4.4 |
Key figures of SEPTENTRIO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to SEPTENTRIO?
What happened at SEPTENTRIO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philippe Thibaut stepped down as director. NBB
- Peter Grognard stepped down as director. NBB
- YJC BV stepped down as director. NBB
- Lupio bv stepped down as director. NBB
- Almaser stepped down as director. NBB
- André Oosterlinck stepped down as director. NBB
- Antoon De Proft stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 15.7 million (▲ 11% vs 2023). Source: NBB ↗
In short
From € 4.2 million profit in 2021 to € 15.7 million profit in 2024.
Paid € 1.9 million in corporate taxes since 2021.
Best year ever: 2024, with € 15.7 million profit.
Pays suppliers within 70 days on average.
A new publication or filing at SEPTENTRIO? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of FIDIMEC, BAYFIELD comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SEPTENTRIOThe shares are held by FIDIMEC (11%) and BAYFIELD (10.7%). It owns 100% of Chen Yun Satellite Navigation Technology (Shanghai) Co Ltd, 100% of Septentrio Nederland B.V., 100% of Septentrio K.K., 100% of Septentrio Finland Oy, 100% of Septentrio Korea Ltd and 100% of Septentrio Inc itself.
Directors
According to the 2024 annual accounts
since 2023 · until 2029
Philippe Thibaut
Director
since 2024 · until 2030
André Oosterlinck
Director
since 2021 · until 2027
Director · represented by Bart Luyten
since 2023 · until 2029
Peter Grognard
Director
Also active at: Peter Grognard, Magics Technologies, ADMINISTRATIEKANTOOR SEPTENTRIO, Arcsec
since 2024 · until 2030
Antoon De Proft
Director
since 2021 · until 2027
since 2023 · until 2029
Participations
Chen Yun Satellite Navigation Technology (Shanghai) Co Ltd
100%
Septentrio Nederland B.V.
100%
Septentrio K.K.
100%
Septentrio Finland Oy
100%
Septentrio Korea Ltd
100%
Septentrio Inc
100%
Establishments
Establishment units
Physical locations of this company
Interleuvenlaan 15 box I
3001 Leuven
Interleuvenlaan 15 I
3001 Leuven
Active since 1 January 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →VELOPA
€ 738,161 gross margin · 2025
VME "Greenhill Campus" te 3001 Haasrode, Interleuvenlaan 15.
HATCH GROUP
€ 1.2 million gross margin · 2025
J&M REMARKETING
€ -1,595 gross margin · 2025
MAXCEL
€ 108,026 gross margin · 2025
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0470.094.266
- VAT number
- BE 0470.094.266
- Registered office
- Interleuvenlaan 15 bus I, 3001 Leuven
- Names & denominations
- SEPTENTRIO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 January 2000
- Peppol
- Active · Active since 26 Feb 2026
- Activities · NACE
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