ACTIVE

North Sails

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Financial year 2024 · closed on 31/12/2024
Net result
239,6 k €
+11.8% YoY
Gross margin
1 M €
-4.3% YoY
Equity
-1 M €
+19.3% YoY
Workforce
7,2 ETP
-1.4% YoY

What does North Sails do?

North Sails is a Public limited company incorporated in 1973. Its registered office is in Aartselaar. It employs on average 7,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0412.977.795
Incorporation
15/02/1973
Legal form
Public limited company
Registered office
Antwerpsesteenweg 124 box 63
2630 Aartselaar · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2024
Average workforce
7,2 ETP
Joint committees (2)
  • 109
  • 215
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin1 M €1,1 M €591,5 k €654,9 k €264,6 k €399,4 k €445,8 k €-12,5 k €519,2 k €566,6 k €653 k €474,9 k €665,5 k €612,3 k €740,6 k €811,2 k €1,6 M €1,5 M €1,4 M €
EBITDA315 k €262,8 k €105,2 k €17,3 k €-399,4 k €-239 k €-197,5 k €-470,7 k €87,9 k €54,8 k €48,7 k €-144,9 k €20,6 k €-75,5 k €113,3 k €-67,8 k €476,1 k €419,6 k €350,6 k €
Operating result278,7 k €256,7 k €57,5 k €-8,6 k €-412,9 k €-251,2 k €-223,7 k €-508 k €83,5 k €52,8 k €59,4 k €-105,3 k €-46,4 k €-109,2 k €12,8 k €-267,7 k €430,4 k €379,7 k €303,6 k €
Net result239,6 k €214,4 k €-23,8 k €-47,8 k €-402 k €-295,4 k €-288,3 k €-549,3 k €62,5 k €49,6 k €48,6 k €-115,2 k €-54,8 k €-111,6 k €-16,9 k €-266,9 k €275,9 k €245,9 k €197,7 k €
Balance sheet
Equity-1 M €-1,2 M €-1,5 M €-1,4 M €-1,4 M €-982,3 k €-686,9 k €-398,6 k €150,7 k €88,2 k €38,6 k €-10 k €105,2 k €158 k €269,6 k €286,5 k €657,9 k €529,5 k €423,8 k €
Total assets1,1 M €1,5 M €713,2 k €450 k €250,1 k €535,3 k €507,9 k €665,3 k €758,2 k €704,2 k €387,2 k €520,7 k €552,8 k €879,3 k €597 k €735,8 k €1,6 M €1,4 M €1,4 M €
Cash6,7 k €222,9 k €204,8 k €140,6 k €53,7 k €96,1 k €25,9 k €88,9 k €173,4 k €229 k €229,1 k €66,6 k €166,4 k €153,9 k €166,5 k €20,8 k €289 k €201,7 k €199,5 k €
Debts1 M €1,3 M €1,7 M €1,7 M €1,4 M €1,4 M €965,3 k €1 M €595,6 k €616 k €348,6 k €530,6 k €447,5 k €721,4 k €323,4 k €436,5 k €781,7 k €605,9 k €738,7 k €
Other
Workforce7,2 ETP7,3 ETP7,2 ETP7,1 ETP6,4 ETP6,4 ETP8,4 ETP2,6 ETP5,2 ETP5,3 ETP4,1 ETP6,5 ETP7,7 ETP8,3 ETP9,6 ETP12,3 ETP15,3 ETP15,7 ETP18,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 17 ended

Active mandates

Thomas KNIGHT

Director · since 01 novembre 2022 · until 30 juin 2028

Active
John WELCH

Managing director · since 01 janvier 2022 · until 30 juin 2028

Active
Nicholas BOL

Director · since 01 janvier 2022 · until 30 juin 2028

Active

Ended mandates

Charya DE SILVA

Director · since 31 décembre 2020 · until 30 juin 2026

Ended
Trevor Jenkins

Director · since 24 juin 2020 · until 24 juin 2026

Ended
John Welch

Managing director · since 01 août 2017 · until 28 juin 2023

Ended
Theodorus Luijks

Managing director · since 01 novembre 2014 · until 01 août 2017

Ended
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Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/09/202525/08/202427/09/202317/08/202219/08/202131/08/2020
General meeting25/06/202526/06/202430/06/202329/06/202230/06/202129/08/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202425/06/202515/09/2025DutchPDF
Abridged model31/12/202326/06/202425/08/2024DutchPDF
Abridged modelCorrection31/12/202230/06/202327/09/2023DutchPDF
Abridged model31/12/202230/06/202327/07/2023DutchPDF
Abridged model31/12/202129/06/202217/08/2022DutchPDF
Abridged model31/12/202030/06/202119/08/2021DutchPDF
Abridged model31/12/201929/08/202031/08/2020DutchPDF
Abridged model31/12/201829/08/201929/08/2019DutchPDF
Abridged model31/12/201715/05/201829/08/2018DutchPDF
Abridged model31/12/201628/06/201731/08/2017DutchPDF
Abridged model31/12/201529/06/201629/08/2016DutchPDF
Abridged model31/12/201424/06/201524/08/2015DutchPDF
Abridged model30/09/201302/04/201430/04/2014DutchPDF
Abridged model30/09/201229/03/201303/05/2013DutchPDF
Abridged model30/09/201130/03/201230/04/2012DutchPDF
Abridged model30/09/201023/02/201110/05/2011DutchPDF
Abridged model30/09/200924/02/201010/05/2010DutchPDF
Abridged model30/09/200830/03/200930/04/2009DutchPDF
Abridged model30/09/200731/03/200830/05/2008DutchPDF
Abridged model30/09/200630/03/200727/04/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 3 active · 17 ended

Active mandates

Thomas KNIGHT

Director · since 01 novembre 2022 · until 30 juin 2028

Active
John WELCH

Managing director · since 01 janvier 2022 · until 30 juin 2028

Active
Nicholas BOL

Director · since 01 janvier 2022 · until 30 juin 2028

Active

Ended mandates

Charya DE SILVA

Director · since 31 décembre 2020 · until 30 juin 2026

Ended
Trevor Jenkins

Director · since 24 juin 2020 · until 24 juin 2026

Ended
John Welch

Managing director · since 01 août 2017 · until 28 juin 2023

Ended
Theodorus Luijks

Managing director · since 01 novembre 2014 · until 01 août 2017

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office21/02/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates24/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office03/06/2022
    MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates03/05/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/02/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/09/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/12/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/10/2014
    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

Timeline

  1. 2024
    Annual accounts 2024239,6 k €↑
  2. 2023
    Annual accounts 2023214,4 k €↑
  3. 2022
    Annual accounts 2022-23,8 k €↑
  4. 2021
    Annual accounts 2021-47,8 k €↑
  5. 2020
    Annual accounts 2020-402 k €↓
  6. 2019
    Annual accounts 2019-295,4 k €↓
  7. 2018
    Annual accounts 2018-288,3 k €↑
  8. 2017
    Annual accounts 2017-549,3 k €↓
  9. 2016
    Annual accounts 201662,5 k €↑
  10. 2015
    Annual accounts 201549,6 k €↑
  11. 2014
    Annual accounts 201448,6 k €↑
  12. 2013
    Annual accounts 2013-115,2 k €↓
  13. 2012
    Annual accounts 2012-54,8 k €↑
  14. 2011
    Annual accounts 2011-111,6 k €↓
  15. 2010
    Annual accounts 2010-16,9 k €↑
  16. 2009
    Annual accounts 2009-266,9 k €↓
  17. 2008
    Annual accounts 2008275,9 k €↑
  18. 2007
    Annual accounts 2007245,9 k €↑
  19. 2006
    Annual accounts 2006197,7 k €
  20. 15/02/1973
    IncorporationPublic limited company