Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NoordZeeBau from Oudergem, company number BE0738674893, closed financial year 2025 with a result of € -71,644 after tax. For that financial year NoordZeeBau recorded a gross margin of € 4,793 and equity of € -378,554. Compared with financial year 2024, the result moved from € -76,081 to € -71,644. 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 July 31, 2026.
€ -378,554
▼ € 71,644 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -71,644
▲ 6 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,506
▲ € 2,675 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -528,554.
People and assets in 2025
€ 14,774
▼ 10% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.4 million
▼ 6% vs 2024
€ 89,375 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 2,675
▲ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,939 | € -10,417 | € 1,574 | € 4,793 | ▲ 204% |
| Profit after taxes | € -84,364 | € -90,001 | € -76,081 | € -71,644 | ▲ € 4,436 |
| Equity | € -140,829 | € -230,830 | € -306,910 | € -378,554 | ▼ € 71,644 |
| Total debts | € 2,088,111 | € 2,114,361 | € 2,138,957 | € 2,160,548 | ▲ 1% |
| Cash | € 1,018 | € 1,204 | € 832 | € 3,506 | ▲ € 2,675 |
| Land & buildings | € 1,916,713 | € 1,865,682 | € 1,814,652 | € 1,763,622 | ▼ 3% |
| Retained profit | € -290,829 | € -380,830 | € -456,910 | € -528,554 | ▼ € 71,644 |
| Bank debt | € 1,635,903 | € 1,550,015 | € 1,462,980 | € 1,374,783 | ▼ 6% |
| Balance sheet total | € 1,947,282 | € 1,883,531 | € 1,832,047 | € 1,781,993 | ▼ 3% |
Key figures of NoordZeeBau, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to NoordZeeBau?
What happened at NoordZeeBau in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 71,644. Source: NBB ↗
- New establishment in Oudergem. KBO
- Start of the company according to the CBE. KBO
In short
From € 84,364 loss in 2022 to € 71,644 loss in 2025.
Management
Behind NoordZeeBau is Grégoire BAUCHAU. Grégoire BAUCHAU is also behind Baugema, GBS IMMO, RBJD, La Boite à Bijoux and FiveCO.
Directors
According to the 2025 annual accounts
Grégoire BAUCHAU
Director
Also active at: Baugema, GBS IMMO, RBJD, La Boite à Bijoux, FiveCO, TABLE MOUNTAIN
Establishments
Establishment units
Physical locations of this company
Victor Tahonlaan 2A
1160 Oudergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Details
- Company number
- 0738.674.893
- VAT number
- BE 0738.674.893
- Registered office
- Victor Tahonlaan 2A, 1160 Oudergem
- Names & denominations
- NoordZeeBau
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 December 2019
- Peppol
- Active · Active since 10 Feb 2026