Financials
Financial year 2025
51 NOORD from Gent, company number BE0691578623, closed financial year 2025 with a result of € -57,774 after tax. For that financial year 51 NOORD recorded a gross margin of € -23,713 and equity of € 175,032. Compared with financial year 2024, the result moved from € 42,223 to € -57,774. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 20, 2026.
€ 175,032
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -57,774
▼ still € 42,223 profit in 2024
Profit after tax over the fiscal year.
€ 30,229
▼ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 155,032.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 4,278
▲ 131% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 163,849
▼ 66% vs 2024
Loans from banks and other lenders, long and short.
€ 104,618
▼ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 170,899 | € 121,471 | € 113,655 | € -23,713 | ▼ € 137,368 |
| Profit after taxes | € 120,049 | € 32,376 | € 42,223 | € -57,774 | ▼ € 99,997 |
| Equity | € 233,208 | € 190,583 | € 232,806 | € 175,032 | ▼ 25% |
| Total debts | € 820,300 | € 1,161,811 | € 643,679 | € 268,467 | ▼ 58% |
| Cash | € 83,917 | € 69,439 | € 209,675 | € 30,229 | ▼ 86% |
| Land & buildings | € 814,038 | € 796,560 | € 0 | - | |
| Retained profit | € 213,208 | € 170,583 | € 212,806 | € 155,032 | ▼ 27% |
| Dividend | € 20,000 | € 75,000 | € 0 | € 0 | |
| Bank debt | € 617,505 | € 725,785 | € 476,189 | € 163,849 | ▼ 66% |
| Balance sheet total | € 1,053,507 | € 1,352,395 | € 876,485 | € 443,499 | ▼ 49% |
Key figures of 51 NOORD, 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 51 NOORD?
What happened at 51 NOORD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 57,774 (▼ € 99,997 vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 120,049 profit in 2022 to € 57,774 loss in 2025.
Paid € 32,789 in corporate taxes since 2022.
Best year ever: 2022, with € 120,049 profit.
Paid out € 95,000 in dividends to the owners in total.
Establishments
Establishment units
Physical locations of this company
Goubaulaan 12
9031 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →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
Microsoft 365
Hosting
SQUARESPACE - Squarespace, Inc., US
DNS
Cloudflare DNS
Website info
Features
Security
Network
Details
- Company number
- 0691.578.623
- VAT number
- BE 0691.578.623
- Registered office
- Goubaulaan 12, 9031 Gent
- Names & denominations
- 51 NOORD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 February 2018
- Peppol
- Active · Active since 2 Oct 2025
- Contact
- 51noord.be
- Activities · NACE
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