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 2024 and 2025.
Financials
Financial year 2025
NOORDZEE INVESTMENTS from Oostende, company number BE0899497628, closed financial year 2025 with a result of € -27,850 after tax. For that financial year NOORDZEE INVESTMENTS recorded a gross margin of € -10,288 and equity of € -152,856. Compared with financial year 2024, the result moved from € -236,290 to € -27,850. 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 25, 2026.
€ -152,856
▼ € 27,850 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -27,850
▲ 88 % less loss than in 2024
Profit after tax over the fiscal year.
€ 152,303
▲ € 120,597 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -412,856.
Debts at end 2025
€ 4.5 million
Loans from banks and other lenders, long and short.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -360,341 | € -374,236 | € 37,893 | € -10,288 | ▼ € 48,181 |
| Profit after taxes | € -459,789 | € 2,170,666 | € -236,290 | € -27,850 | ▲ € 208,440 |
| Equity | € -2,059,383 | € 111,283 | € -125,007 | € -152,856 | ▼ € 27,850 |
| Total debts | € 15,464,164 | € 14,263,536 | € 5,374,522 | € 4,450,000 | ▼ 17% |
| Cash | € 41,568 | € 21,180 | € 31,706 | € 152,303 | ▲ € 120,597 |
| Land & buildings | € 9,670 | € 5,440 | € 1,210 | - | |
| Retained profit | € -2,319,383 | € -148,717 | € -385,007 | € -412,856 | ▼ € 27,850 |
| Bank debt | € 15,390,000 | € 13,295,000 | € 4,450,000 | € 4,450,000 | |
| Balance sheet total | € 13,404,781 | € 14,374,819 | € 5,249,515 | € 4,297,144 | ▼ 18% |
Key figures of NOORDZEE INVESTMENTS, 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 NOORDZEE INVESTMENTS?
What happened at NOORDZEE INVESTMENTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 27,850. Source: NBB ↗
- William Vanmoerkerke became a director. NBB
- Edith De Ketelaere became a director. NBB
- Olivia Vanmoerkerke became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 459,789 loss in 2022 to € 27,850 loss in 2025.
Paid € 223,191 in corporate taxes since 2022.
Best year ever: 2023, with € 2.2 million profit.
Management
The stake of 2IM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NOORDZEE INVESTMENTSBehind NOORDZEE INVESTMENTS are William Vanmoerkerke, Edith De Ketelaere, Olivia Vanmoerkerke and Francies Vanderhoydonck. The shares are held by 2IM (61.5%).
Directors
According to the 2025 annual accounts
William Vanmoerkerke
bestuurder
Also active at: RESTOTEL, HOTEL BEL EUR, HORIZON RETAIL INVESTERINGEN MVV, 2IM, HORIZON RETAIL INVESTERINGEN WP
since 2016
Edith De Ketelaere
bestuurder
Also active at: RESTOTEL, HOTEL BEL EUR, HORIZON RETAIL INVESTERINGEN MVV, 2IM, HORIZON RETAIL INVESTERINGEN WP
since 2016
Olivia Vanmoerkerke
bestuurder
Also active at: RESTOTEL, HOTEL BEL EUR, KEIGNAERT INVEST, HORIZON RETAIL INVESTERINGEN MVV, AMPLA HOUSE PROPERTIES, AVENUE PROJECTS, HIEVAM, 2IM +1 more
since 2016
Francies Vanderhoydonck
bestuurder
Shareholders
61.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oud Vliegveld 12
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →HOTEL BEL EUR same network
€ 300,180 gross margin · 2025
KEIGNAERT INVEST same network
€ 59,911 gross margin · 2025
HORIZON RETAIL INVESTERINGEN MVV same network
€ -3,539 gross margin · 2025
QRF MANAGEMENT
€ 368,811 gross margin · 2023
De Noordzee
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0899.497.628
- VAT number
- BE 0899.497.628
- Registered office
- Oud Vliegveld 12, 8400 Oostende
- Names & denominations
- NOORDZEE INVESTMENTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 July 2008
- Peppol
- Active · Active since 23 Dec 2025