Financials
Financial year 2025
Revenue
€ 170.8 million
▼ 4% vs 2024
Profit
Healthy€ 46.2 million
▼ 13% vs 2024
Debts
Normal€ 657.8 million
▼ 8% vs 2024
NORTHER from Oostende, company number BE0896052742, closed financial year 2025 with a result of € 46.2 million after tax. For that financial year NORTHER recorded revenue of € 170.8 million and equity of € 133.8 million. Compared with financial year 2024, the result moved from € 53.3 million to € 46.2 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
What happened at NORTHER?
What happened at NORTHER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 46.2 million (▼ 13% vs 2024). Source: NBB ↗
- Andries TEERLYNCK stepped down as director. NBB
- BOREAS WIND OFFSHORE NV stepped down as director. NBB
- Vanessa VANLEENE stepped down as director. NBB
- Ellen DEPREZ stepped down as director. NBB
- ELICIO NV stepped down as director. NBB
- ENECO WIND BELGIUM NV stepped down as director. NBB
- REALFI BV stepped down as director. NBB
In short
From € 45.9 million profit in 2021 to € 46.2 million profit in 2025.
Paid € 81 million in corporate taxes since 2021.
Best year ever: 2023, with € 103.1 million profit.
Paid out € 289.6 million in dividends to the owners in total.
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History
Every financial year, as far back as the National Bank goes.
Buffer
How long does the company survive without income?
Credit limit
Indicative credit limit, computed from the real figures.
Alerts
News about who you follow, reason included.
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Management
The shares are held by BOREAS WIND OFFSHORE NV (50%) and ELNU NV (50%).
Directors
According to the 2025 annual accounts
Andries TEERLYNCK
Director
since 2025 · until 2026
Director · represented by Stijn Delauré
since 2022 · until 2026
Vanessa VANLEENE
Director
Also active at: ELICIO PLUS, Elicio Plateau de Bassenge, Elicio Wind For Water +10 more
since 2024 · until 2026
Director · represented by Peter GODERIS
Also active at: SeaMade, OTARY BIS, NORTH SEA WAVE +2 more
since 2021 · until 2025
since 2025 · until 2026
Director · represented by Peter GODERIS
Owns 50% via ELNU NV
Also active at: ELICIO PLUS, Elicio Plateau de Bassenge, Elicio Wind For Water +10 more
since 2020 · until 2026
Alain JANSSENS
Director
since 2020 · until 2025
Director · represented by Patrick DAOUST
Owns 50% via BOREAS WIND OFFSHORE NV
Also active at: LES VENTS DE L'ORNOI, Boreas Wind Offshore, PAMPERO WIND +17 more
since 2021 · until 2026
Director · represented by Miguel de Schaetzen
Also active at: ENECO WIND BELGIUM, LES VENTS DE L'ORNOI, SeaMade +19 more
since 2011 · until 2026
since 2021 · until 2026
Shareholders
BOREAS WIND OFFSHORE NV · holding of ENECO WIND BELGIUM NV
50%
ELNU NV · holding of ELICIO NV
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Esplanadestraat 14
8400 Oostende
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0896.052.742
- VAT number
- BE 0896.052.742
- Registered office
- Esplanadestraat 14, 8400 Oostende
- Names & denominations
- NORTHER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 February 2008
- Peppol
- Active · Active since 6 Jul 2026
- Activities · NACE
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