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 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NORTH DEVELOPMENT from Knokke-Heist, company number BE0788739761, closed financial year 2025 with a result of € -42,167 after tax. For that financial year NORTH DEVELOPMENT recorded a gross margin of € -2,117 and equity of € -67,656. Compared with financial year 2024, the result moved from € -21,833 to € -42,167. 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 June 18, 2026.
€ -67,656
▼ € 42,167 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -42,167
▼ 93 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,211
▲ € 942 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -70,656.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 1.1 million
Loans from banks and other lenders, long and short.
€ 5,151
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -4,361 | € 1,401 | € -2,117 | ▼ € 3,517 |
| Profit after taxes | € -6,656 | € -21,833 | € -42,167 | ▼ € 20,334 |
| Equity | € -3,656 | € -25,489 | € -67,656 | ▼ € 42,167 |
| Total debts | € 355,087 | € 1,276,574 | € 1,451,859 | ▲ 14% |
| Cash | € 76,981 | € 269 | € 1,211 | ▲ € 942 |
| Retained profit | € -6,656 | € -28,489 | € -70,656 | ▼ € 42,167 |
| Bank debt | € 125,000 | € 1,100,000 | € 1,100,000 | |
| Balance sheet total | € 351,431 | € 1,251,085 | € 1,384,203 | ▲ 11% |
Key figures of NORTH DEVELOPMENT, fiscal years 2023 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 NORTH DEVELOPMENT?
What happened at NORTH DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 42,167. Source: NBB ↗
- New establishment in Knokke-Heist. KBO
- Scarab Properties BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 6,656 loss in 2023 to € 42,167 loss in 2025.
A new publication or filing at NORTH DEVELOPMENT? We notify you, reason included.
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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 NORTH DEVELOPMENT is Scarab Properties BV. The shares are held by Scarab Properties.
Directors
According to the 2025 annual accounts
Director · represented by Anthony Van Baeten
since 2022
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Deenspad 6
8300 Knokke-Heist
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0788.739.761
- VAT number
- BE 0788.739.761
- Registered office
- Deenspad 6, 8300 Knokke-Heist
- Names & denominations
- NORTH DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 July 2022
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Schatten en evalueren van onroerend goed voor een vast bedrag of op contractbasis
Ontwikkeling van niet-residentiële bouwprojecten
Overige zakelijke dienstverlening, neg
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis