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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Figures corrected NBB
Corrected annual account filed for 2024.
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Busy address KBO
61 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2024
50°NORTH VENTURES from Anderlecht, company number BE0507740263, closed financial year 2024 with a result of € 1.1 million after tax. For that financial year 50°NORTH VENTURES recorded a gross margin of € 1.4 million and equity of € 2.9 million. Compared with financial year 2023, the result moved from € -411,528 to € 1.1 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 September 22, 2025.
€ 2.9 million
▲ 4% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▲ still € 411,528 loss in 2023
Profit after tax over the fiscal year.
€ 1.8 million
▲ 245% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 1 million paid out
90 % of the profit went to the shareholders, mostly to EEBIC SA (80 % of the shares). That is where the money ends up.
People and assets in 2024
€ 26
▼ 89% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 226,089
▲ 275% vs 2023
Loans from banks and other lenders, long and short.
€ 105,466
▲ 28% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 95,708
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 31,873 | € -335,699 | € -355,178 | € 1,393,403 | ▲ € 1.7 million |
| Profit after taxes | € 154,614 | € -979,227 | € -411,528 | € 1,109,186 | ▲ € 1.5 million |
| Equity | € 5,166,229 | € 3,187,002 | € 2,775,474 | € 2,884,660 | ▲ 4% |
| Total debts | € 487,223 | € 2,178,392 | € 1,260,119 | € 1,800,850 | ▲ 43% |
| Cash | € 282,109 | € 241,620 | € 518,041 | € 1,785,420 | ▲ 245% |
| Retained profit | € 5,103,729 | € 3,124,502 | € 2,712,974 | € 2,822,160 | ▲ 4% |
| Dividend | € 0 | € 1,000,000 | € 0 | € 1,000,000 | |
| Bank debt | € 17,300 | € 554,845 | € 60,229 | € 226,089 | ▲ 275% |
| Balance sheet total | € 5,653,452 | € 5,365,394 | € 4,035,594 | € 4,685,509 | ▲ 16% |
| Employees (FTE) | 2 | 1 | 1 | - |
Key figures of 50°NORTH VENTURES, 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 50°NORTH VENTURES?
What happened at 50°NORTH VENTURES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
50°NORTH VENTURES is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- BOOST VENTURES stepped down as director. NBB
- Philippe Antoine stepped down as director. NBB
- Thomas Ryckalts stepped down as director. NBB
- BbyD stepped down as director. NBB
- Pierre Hermant stepped down as director. NBB
- Sambrinvest - Spin-Off/Spin-Out stepped down as director. NBB
- Corrected annual accounts filed for financial year 2024. filed late Source: NBB ↗
- IMPACTHEO SA stepped down as director. NBB
In short
From € 154,614 profit in 2021 to € 1.1 million profit in 2024.
Paid € 109,527 in corporate taxes since 2021.
Best year ever: 2024, with € 1.1 million profit.
On average € 15,900 of value added per employee in 2021.
Management
The stake of IMPACTHEO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
50°NORTH VENTURESThe shares are held by EEBIC SA (80%) and IMPACTHEO (15%). It owns 46% of EEBIC VENTURE NORD AMERICA, 27.6% of Be Angels and 26.9% of E-HEALTH VENTURE itself.
Directors
According to the 2024 annual accounts
since 2021 · until 2027
since 2024 · until 2030
Thomas Ryckalts
Director
since 2022 · until 2027
Director · represented by Grégory Miller
since 2023 · until 2027
since 2022 · until 2027
Director · represented by Cédric Szpirer
since 2022 · until 2025
Sambrinvest - Spin-Off/Spin-Out
Director · represented by Grégoire Dupuis
Also active at: BE ANGELS, Brussels South Charleroi BioPark Dev, THEODORUS III, EMAsphere, AQUILON PHARMACEUTICALS, APIQUIET, BigCaptain, WE INVEST REAL ESTATE +25 more
since 2021 · until 2027
Director · represented by Pauline Fagneray
Also active at: Centre d'accompagnement de projets innovants, Brussels South Charleroi BioPark Dev, THEODORUS III, Pré Seed Fund, THEODORUS IV, E-HEALTH VENTURE, Advanced Engineering Accelerator, Boost Engineering Pre-Seed Fund
since 2024 · until 2025
Participations
Establishments
Establishment units
Physical locations of this company
Researchdreef 12
1070 Anderlecht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 61 companies are registered at this address.
All companies at this address →Vereniging van Frabrikanten en Invoerders van wetenschappelijke Medische en Controleapparaten
€ 678,657 revenue · 2025
CYRILLUS BENELUX
€ 1.9 million revenue · 2025
BATICOOL
€ 336,834 gross margin · 2024
EEBIC same network
€ 669,567 gross margin · 2025
TRIANGLE SOLUTIONS RH
€ 30.1 million revenue · 2025
+56 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
- 0507.740.263
- VAT number
- BE 0507.740.263
- Registered office
- Researchdreef 12, 1070 Anderlecht
- Names & denominations
- 50°NORTH VENTURES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 24 December 2014
- Peppol
- Not registered