ACTIVE

NORTHSTAR

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Financial year 2024 · closed on 31/12/2024

Net result

1,2 M €

-90.8% YoY

Revenue

1,5 Md €

+7.4% YoY

Equity

25,4 M €

+4.9% YoY

Workforce

2,5 ETP

-50.0% YoY

What does NORTHSTAR do?

NORTHSTAR is a Public limited company incorporated in 1935. Its main activity is: Wholesale of solid, liquid and gaseous fuels and related products. Its registered office is in Antwerpen. It employs on average 2,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0402.405.686

Incorporation

08/08/1935

Legal form

Public limited company

Registered office

Vosseschijnstraat 140 box D
2030 Antwerpen · FlandreSee on map

Contributed capital

3 552 033,21 €

Latest accounts

31/12/2024

Average workforce

2,5 ETP

Activities (NACE)

46710Wholesale of solid, liquid and gaseous fuels and related products· main 46810Wholesale trade, except of motor vehicles and motorcycles 51510Air transport 08112Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate 08112Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate 14121Manufacture of workwear+6

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2007
Income statement
Revenue	1,5 Md €	+7.4%	1,4 Md €	-19.6%	1,8 Md €	+87.9%	939,6 M €	+67.5%	560,8 M €	-38.6%	912,9 M €	+15.7%	789 M €	+55.7%	506,8 M €	+6.0%	478,3 M €	-3.5%	495,7 M €	+95139%	520,5 k €
EBITDA	6,8 M €	-71.9%	24,1 M €	+13.6%	21,2 M €	+1288%	1,5 M €	-63.4%	4,2 M €	-62.8%	11,2 M €	+39.3%	8 M €	+211%	2,6 M €	-54.8%	5,7 M €	+53.9%	3,7 M €	+630%	509 k €
Operating result	6,7 M €	-72.2%	24 M €	+13.4%	21,2 M €	+1291%	1,5 M €	-63.4%	4,2 M €	-62.8%	11,2 M €	+39.5%	8 M €	+214%	2,6 M €	-54.3%	5,6 M €	-5.4%	5,9 M €	+1060%	509 k €
Net result	1,2 M €	-90.8%	13 M €	-2.7%	13,4 M €	+1750%	722,9 k €	+23.8%	584,1 k €	-89.8%	5,7 M €	+48.8%	3,9 M €	+404%	764,7 k €	-76.2%	3,2 M €	-19.8%	4 M €	+400%	802,9 k €
Balance sheet
Equity	25,4 M €	+4.9%	24,2 M €	-1.4%	24,5 M €	+79.6%	13,7 M €	+5.6%	12,9 M €	-12.9%	14,9 M €	+62.9%	9,1 M €	+73.2%	5,3 M €	-12.3%	6 M €	-30.5%	8,6 M €	-8.0%	9,4 M €
Total assets	48,3 M €	-27.2%	66,4 M €	+11.1%	59,8 M €	+19.2%	50,1 M €	-13.1%	57,7 M €	+33.0%	43,4 M €	+28.7%	33,7 M €	+69.2%	19,9 M €	-72.1%	71,3 M €	+28.7%	55,4 M €	+488%	9,4 M €
Cash	4,9 M €	+20.1%	4,1 M €	+99.4%	2 M €	-66.3%	6,1 M €	+229%	1,8 M €	-51.1%	3,8 M €	-59.5%	9,3 M €	+591%	1,3 M €	-88.0%	11,2 M €	-47.3%	21,3 M €	+27737%	76,4 k €
Debts	22 M €	-46.5%	41,2 M €	+21.3%	34 M €	-6.7%	36,4 M €	-18.4%	44,6 M €	+59.9%	27,9 M €	+14.3%	24,4 M €	+71.1%	14,3 M €	-78.0%	65 M €	+43.9%	45,2 M €	+175174%	25,8 k €
Other
Workforce	2,5 ETP	-50.0%	5,0 ETP	+8.7%	4,6 ETP	+24.3%	3,7 ETP	+8.8%	3,4 ETP	-2.9%	3,5 ETP	-34.0%	5,3 ETP	-15.9%	6,3 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 17 ended

Active mandates

INTERNATIONAL SHIPPING HOUSE BO

Director · since 22 mars 2022 · until 22 mars 2028

Represented by Erik VERSTRAETEN

Active

Ended mandates

International Shipping House SA

Director · since 30 juin 2023 · until 28 février 2029

Represented by Erik Verstraeten

Ended

International Shipping House sa

Director · since 19 juin 2019 · until 21 juin 2023

Represented by Erik Verstraeten

Ended

International Shipping House SA

Director · since 19 juin 2019 · until 21 juin 2023

Represented by Erik Verstraeten

Ended

International Shipping House SA

Director · since 19 juin 2019 · until 30 juin 2023

Represented by Erik Verstraeten

Ended

At this address

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TURBO PROPERTIES● Active	0500.641.645
TURBO WORLD SERVICES● Active	0553.683.621
VANS BUNKERS● Active	0437.247.987
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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/03/2026	18/10/2024	10/07/2023	20/07/2022	01/07/2021	07/07/2020
General meeting	03/03/2026	18/10/2024	07/07/2023	30/06/2022	30/06/2021	30/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	03/03/2026	03/03/2026	Dutch	PDF
Full model	31/12/2023	18/10/2024	18/10/2024	Dutch	PDF
Full model	31/12/2022	07/07/2023	10/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	20/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	01/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	07/07/2020	Dutch	PDF
Full model	31/12/2018	19/06/2019	24/06/2019	Dutch	PDF
Full model	31/12/2017	20/06/2018	11/07/2018	Dutch	PDF
Full model	31/12/2016	24/03/2017	12/05/2017	French	PDF
Full model	31/12/2015	17/06/2016	15/07/2016	French	PDF
Full model	31/12/2014	17/06/2015	10/07/2015	French	PDF
Full modelCorrection	31/12/2013	16/06/2014	22/09/2014	French	PDF
Full model	31/12/2013	16/06/2014	07/07/2014	French	PDF
Full model	31/12/2012	27/03/2013	04/07/2013	French	PDF
Full model	31/12/2011	28/03/2012	28/06/2012	French	PDF
Full model	31/12/2010	23/03/2011	04/07/2011	French	PDF
Full model	31/12/2009	07/04/2010	23/06/2010	French	PDF
Full model	31/12/2008	15/04/2009	25/06/2009	French	PDF
Full model	31/12/2007	26/03/2008	24/06/2008	French	PDF
Full model	31/12/2006	28/03/2007	13/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 17 ended

Active mandates

INTERNATIONAL SHIPPING HOUSE BO

Director · since 22 mars 2022 · until 22 mars 2028

Represented by Erik VERSTRAETEN

Active

Ended mandates

International Shipping House SA

Director · since 30 juin 2023 · until 28 février 2029

Represented by Erik Verstraeten

Ended

International Shipping House sa

Director · since 19 juin 2019 · until 21 juin 2023

Represented by Erik Verstraeten

Ended

International Shipping House SA

Director · since 19 juin 2019 · until 21 juin 2023

Represented by Erik Verstraeten

Ended

International Shipping House SA

Director · since 19 juin 2019 · until 30 juin 2023

Represented by Erik Verstraeten

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office14/02/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates19/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other06/04/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2018
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 20241,2 M €↓
30/06/2024
reconductionDeloitte Bedrijfsrevisoren cvba — revisor
2023
Annual accounts 202313 M €↓
07/07/2023
reconductionInternational Shipping House SA — bestuurder
2022
Annual accounts 202213,4 M €↑
2021
Annual accounts 2021722,9 k €↑
2020
Annual accounts 2020584,1 k €↓
2019
Annual accounts 20195,7 M €↑
2018
Annual accounts 20183,9 M €↑
2017
Annual accounts 2017764,7 k €↓
2016
Annual accounts 20163,2 M €↓
2015
Annual accounts 20154 M €↑
2007
Annual accounts 2007802,9 k €
08/08/1935
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

NORTHSTAR

Overview

What does NORTHSTAR do?

Trend over 11 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline