Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LATITUDE 51 from Sint-Martens-Latem, company number BE0538730674, closed financial year 2025 with a result of € 569,937 after tax. For that financial year LATITUDE 51 recorded a gross margin of € 762,134 and equity of € 18,600. Compared with financial year 2024, the result moved from € -15,007 to € 569,937. Profitable, and profit is growing. The buffer shrank hard: equity is 92 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 5, 2025.
€ 18,600
▼ 92% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 569,937
▲ still € 15,007 loss in 2024
Profit after tax over the fiscal year.
€ 239,510
▲ 220% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 773,700 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 1,349
▲ 264% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 150,000
Loans from banks and other lenders, long and short.
€ 2,213
Supplier invoices still open on the last day of the fiscal year.
€ 11,211
▲ 149% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 15,377 | € 28,053 | € 15,435 | € 762,134 | ▲ € 746,699 |
| Profit after taxes | € -16,857 | € -5,647 | € -15,007 | € 569,937 | ▲ € 584,944 |
| Equity | € 243,017 | € 237,370 | € 222,363 | € 18,600 | ▼ 92% |
| Total debts | € 63,969 | € 17,318 | € 6,267 | € 787,124 | ▲ € 780,857 |
| Cash | € 105,210 | € 82,856 | € 74,845 | € 239,510 | ▲ 220% |
| Retained profit | € 224,417 | € 218,770 | € 203,763 | € 0 | ▼ 100% |
| Dividend | € 0 | € 0 | € 0 | € 773,700 | |
| Bank debt | € 20,682 | € 4,164 | € 0 | € 150,000 | |
| Balance sheet total | € 306,986 | € 254,688 | € 228,630 | € 805,724 | ▲ 252% |
Key figures of LATITUDE 51, 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 LATITUDE 51?
What happened at LATITUDE 51 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 569,937. Source: NBB ↗
- New establishment in Sint-Martens-Latem. KBO
- Dirk De Nutte became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 16,857 loss in 2022 to € 569,937 profit in 2025.
Paid € 202,548 in corporate taxes since 2022.
Best year ever: 2025, with € 569,937 profit.
Paid out € 773,700 in dividends to the owners in total.
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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
Behind LATITUDE 51 is Dirk De Nutte. Dirk De Nutte is also behind Belgian Maintenance Association.
Directors
According to the 2025 annual accounts
since 2013
Establishments
Establishment units
Physical locations of this company
Moeistraat 54
9830 Sint-Martens-Latem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0538.730.674
- VAT number
- BE 0538.730.674
- Registered office
- Moeistraat 54, 9830 Sint-Martens-Latem
- Names & denominations
- LATITUDE 51
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 September 2013
- Peppol
- Active · Active since 11 Sept 2025
- Activities · NACE
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