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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2024; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
NORTHERN LIGHT from Brussel, company number BE0664776137, closed financial year 2024 with a result of € -165,327 after tax. For that financial year NORTHERN LIGHT recorded a gross margin of € 210,997 and equity of € -301,948. Compared with financial year 2023, the result moved from € -85,214 to € -165,327. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 26, 2025.
€ -301,948
▼ € 165,327 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -165,327
▼ 94 % more loss than in 2023
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -308,148.
People and assets in 2024
€ 152,304
▼ 34% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 163,977
▲ 133% vs 2023
€ 51,416 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 36,871
▼ 59% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 15,237
▲ 67% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 22,430 | € 2,098 | € 17,628 | € 210,997 | ▲ € 193,369 |
| Profit after taxes | € 4,450 | € -75,152 | € -85,214 | € -165,327 | ▼ € 80,113 |
| Equity | € 24,543 | € -51,408 | € -136,622 | € -301,948 | ▼ € 165,327 |
| Total debts | € 2,432 | € 779,266 | € 1,173,015 | € 1,149,687 | ▼ 2% |
| Cash | € 138 | € 17,905 | € 4,538 | € 0 | ▼ 100% |
| Land & buildings | - | € 45,312 | € 0 | - | |
| Retained profit | € 18,343 | € -57,608 | € -142,822 | € -308,148 | ▼ € 165,327 |
| Dividend | € 0 | € 800 | € 0 | € 0 | |
| Bank debt | € 0 | € 83,197 | € 70,389 | € 163,977 | ▲ 133% |
| Balance sheet total | € 26,976 | € 727,857 | € 1,036,393 | € 847,738 | ▼ 18% |
Key figures of NORTHERN LIGHT, 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 NORTHERN LIGHT?
What happened at NORTHERN LIGHT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 165,327. Source: NBB ↗
- Timothy Vandamme stepped down as director. NBB
- Jonas Hollevoet became a director. NBB
- New establishment in Elsene. KBO
- Timothy Vandamme became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 4,450 profit in 2021 to € 165,327 loss in 2024.
Paid € 1,122 in corporate taxes since 2021.
Best year ever: 2021, with € 4,450 profit.
Paid out € 800 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 NORTHERN LIGHT is Jonas Hollevoet.
Directors
According to the 2024 annual accounts
Jonas Hollevoet
Director
since 2023
Timothy Vandamme
Director
since 2021 · until 2024
Establishments
Establishment units
Physical locations of this company
Louizalaan 523
1050 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
one.com Mail
Hosting
ONECOM, DK
Website info
Features
Security
Network
Details
- Company number
- 0664.776.137
- VAT number
- BE 0664.776.137
- Registered office
- Louizalaan 523, 1050 Brussel
- Names & denominations
- NORTHERN LIGHT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 October 2016
- Peppol
- Not registered
- Contact
- vaho.be