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 2024 and 2025.
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Busy address KBO
51 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
n-Side from Ottignies-Louvain-la-Neuve, company number BE0472607061, closed financial year 2025 with a result of € -1.6 million after tax. For that financial year n-Side recorded revenue of € 29.7 million and equity of € 7.3 million. Compared with financial year 2024, the result moved from € -2.1 million to € -1.6 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 27, 2026.
€ 7.3 million
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.6 million
▲ 26 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1.4 million
▼ 71% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -535,823.
People and assets in 2025
161.1
▼ 7.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 20.2 million
▼ 1% vs 2024
€ 125,100 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.
€ 783,838
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.8 million
▼ 30% vs 2024
€ 2.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.4 million
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 48 days on average.
€ 4.2 million
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 18,232,283 | € 23,718,660 | € 26,099,946 | € 29,734,940 | ▲ 14% |
| Profit after taxes | € -2,402,603 | € 979,133 | € -2,095,488 | € -1,551,059 | ▲ € 544,428 |
| Equity | € 7,206,218 | € 8,204,338 | € 8,813,879 | € 7,262,820 | ▼ 18% |
| Total debts | € 11,218,595 | € 15,891,236 | € 19,512,679 | € 17,005,105 | ▼ 13% |
| Cash | € 2,068,289 | € 4,726,568 | € 4,914,371 | € 1,415,406 | ▼ 71% |
| Retained profit | € 2,131,591 | € 3,110,724 | € 1,015,236 | € -535,823 | ▼ € 1.6 million |
| Bank debt | € 5,702,682 | € 8,336,888 | € 11,184,152 | € 7,821,755 | ▼ 30% |
| Balance sheet total | € 18,424,813 | € 24,095,573 | € 28,326,558 | € 24,267,924 | ▼ 14% |
| Employees (FTE) | 178.4 | 172.3 | 168.8 | 161.1 | ▼ 7.7 |
Key figures of n-Side, 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 n-Side?
What happened at n-Side in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.6 million. Source: NBB ↗
- SA Sopartec stepped down as director. NBB
- SRL Olivier Chapelle stepped down as director. NBB
- Charles André BROUWERS stepped down as director. NBB
- Yves CRAMA stepped down as director. NBB
- SA InvestBW stepped down as director. NBB
- Axel MILLER stepped down as director. NBB
- SA Sopartec became a director. NBB
In short
From € 2.4 million loss in 2022 to € 1.6 million loss in 2025.
Paid € 136,126 in corporate taxes since 2022.
Best year ever: 2023, with € 979,133 profit.
Pays suppliers within 48 days on average.
A new publication or filing at n-Side? 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 SOPARTEC, B2START comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
n-SideThe shares are held by SOPARTEC (2.5%) and B2START (1.6%). It owns 100% of N-SIDE LLC and 100% of N-SIDE K.K. itself.
Directors
According to the 2025 annual accounts
Director · represented by Xavier Bastin
Also active at: NOVADIP BIOSCIENCES, TESSARES, AXINESIS, Sunrise, ViroVet, The Akkermansia Company, VOCSens, Vives Inter-University Fund +7 more
since 2025 · until 2026
Director · represented by Olivier Chapelle
Also active at: SCHREDER, D'Ieteren Group, RECTICEL, CALYOS
since 2025 · until 2026
Charles André BROUWERS
Director
since 2025 · until 2026
since 2023 · until 2025
Arbia SMITI
Director
since 2023 · until 2025
since 2025 · until 2025
Yves CRAMA
Director
since 2025 · until 2026
Gatien GILLON
Director
since 2023 · until 2025
Director · represented by Xavier Bocquet, Pierre Rion
Also active at: SOCIETE D'ASSAINISSEMENT ET DE RENOVATION DES SITES INDUSTRIELS DU BRABANT WALLON, SYBERMAT, SCALE UP, TCO Service, Made in BW, Whitestone Group, CROSSFACTORY, REGENERATIVE BEER ALLIANCE +23 more
since 2025 · until 2026
since 2023 · until 2025
SARL PELSIA
Director · represented by Arbia SMITI
since 2025 · until 2025
Director · represented by Charles Kumps
since 2023 · until 2025
since 2024 · until 2025
since 2023 · until 2025
Participations
N-SIDE LLC
100%
N-SIDE K.K.
100%
Establishments
Establishment units
Physical locations of this company
Courbevoie 13
1348 Ottignies-Louvain-la-Neuve
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 51 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0472.607.061
- VAT number
- BE 0472.607.061
- Registered office
- Courbevoie 13, 1348 Ottignies-Louvain-la-Neuve
- Names & denominations
- n-Side
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 August 2000
- Peppol
- Active · Active since 21 Mar 2026
- Activities · NACE
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