ACTIVE

NORTH IMMO

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Financial year 2025 · closed on 31/12/2025

Net result

680,1 k €

+3.0% YoY

Gross margin

1,6 M €

-4.2% YoY

Equity

5,7 M €

+13.2% YoY

What does NORTH IMMO do?

NORTH IMMO is a Public limited company incorporated in 1986. Its main activity is: Production d'électricité. Its registered office is in Oostende.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.835.911

Incorporation

28/04/1986

Legal form

Public limited company

Registered office

Pottenbakkersstraat 11
8400 Oostende · FlandreSee on map

Contributed capital

261 031,88 €

Latest accounts

31/12/2025

Activities (NACE)

40110Production d'électricité· main 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 35110Production of electricity 35110Production of electricity 68201Rental and operating of own or leased real estate+1

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,6 M €	-4.2%	1,7 M €	+28.2%	1,3 M €	+15.4%	1,1 M €	-22.7%	1,5 M €	+14.1%	1,3 M €	+11.3%	1,2 M €	+30.2%	885,1 k €	+20.0%	737,8 k €	-7.5%	797,9 k €	-14.1%	928,6 k €	-18.5%	1,1 M €	+23.9%	920,1 k €	-25.6%	1,2 M €	+91.6%	645,4 k €	+37.5%	469,4 k €	+36.5%	343,8 k €	-9.7%	380,8 k €	+16.8%	326 k €	+233%	97,8 k €
EBITDA	1,4 M €	-5.4%	1,5 M €	+31.3%	1,2 M €	+20.0%	964 k €	-22.2%	1,2 M €	+20.4%	1 M €	+104%	504,6 k €	+20.3%	419,5 k €	-31.0%	607,6 k €	-3.7%	631,3 k €	+21.3%	520,4 k €	-46.2%	968,1 k €	+22.1%	793 k €	-28.0%	1,1 M €	+109%	527,8 k €	+53.8%	343,1 k €	+58.7%	216,3 k €	-37.3%	344,9 k €	+35.2%	255 k €	+288%	65,8 k €
Operating result	804,9 k €	-12.9%	924,1 k €	+59.0%	581,3 k €	+62.1%	358,6 k €	-48.6%	698,3 k €	+11.2%	628 k €	+1072%	-64,6 k €	-114%	449,6 k €	+169%	166,8 k €	+55.4%	107,3 k €	+118%	49,1 k €	-74.2%	190,5 k €	+92.1%	99,1 k €	-64.8%	281,5 k €	+406%	55,7 k €	+216%	-47,8 k €	-176%	62,9 k €	+44.0%	43,7 k €	+69.4%	25,8 k €	+291%	6,6 k €
Net result	680,1 k €	+3.0%	660,5 k €	+52.5%	433,2 k €	+3.1%	420,3 k €	-41.5%	718,7 k €	+43.5%	500,8 k €	+544%	-112,8 k €	-124%	477,9 k €	+430%	90,2 k €	+203%	29,8 k €	-97.1%	1 M €	+2236%	44,1 k €	+564%	-9,5 k €	-106%	147,2 k €	+59.0%	92,6 k €	+332%	-39,9 k €	-184%	47,4 k €	-5.7%	50,2 k €	+115%	23,3 k €	+4.7%	22,3 k €
Balance sheet
Equity	5,7 M €	+13.2%	5,1 M €	+12.2%	4,5 M €	+10.6%	4,1 M €	+11.4%	3,7 M €	+4.0%	3,5 M €	-3.4%	3,7 M €	-3.0%	3,8 M €	+10.5%	3,4 M €	+1.1%	3,4 M €	-0.4%	3,4 M €	+41.3%	2,4 M €	+0.0%	2,4 M €	-2.1%	2,4 M €	+4.5%	2,3 M €	+2.6%	2,3 M €	-3.0%	2,4 M €	+0.7%	2,3 M €	+0.6%	2,3 M €	+0.7%	2,3 M €
Total assets	12,2 M €	+12.7%	10,8 M €	+1.9%	10,6 M €	+4.2%	10,2 M €	+11.3%	9,1 M €	+20.7%	7,6 M €	+0.4%	7,5 M €	-6.6%	8,1 M €	+0.2%	8,1 M €	-1.1%	8,1 M €	+8.7%	7,5 M €	+7.1%	7 M €	-20.1%	8,8 M €	-2.4%	9 M €	+19.4%	7,5 M €	+53.3%	4,9 M €	+6.5%	4,6 M €	+3.1%	4,5 M €	+53.6%	2,9 M €	+19.4%	2,4 M €
Cash	236,8 k €	+299%	59,3 k €	-44.2%	106,3 k €	-55.0%	236,3 k €	-63.5%	647,5 k €	+4.0%	622,4 k €	+269%	168,8 k €	+49.8%	112,7 k €	-80.7%	583,9 k €	+737%	69,7 k €	-94.9%	1,4 M €	+645%	183,4 k €	-47.2%	347,3 k €	-43.1%	609,8 k €	+42.7%	427,5 k €	+187%	149,1 k €	-53.9%	323,2 k €	+524%	51,8 k €	-76.3%	218,3 k €	+125%	97,1 k €
Debts	6,3 M €	+13.3%	5,6 M €	-5.7%	5,9 M €	+0.6%	5,9 M €	+12.6%	5,2 M €	+40.4%	3,7 M €	+7.2%	3,5 M €	-8.8%	3,8 M €	-6.2%	4 M €	-2.5%	4,1 M €	+19.6%	3,5 M €	-22.3%	4,5 M €	-28.7%	6,3 M €	-3.0%	6,4 M €	+26.1%	5,1 M €	+99.3%	2,6 M €	+17.2%	2,2 M €	+6.3%	2,1 M €	+302%	511,7 k €	+651%	68,1 k €
Other
Workforce	–		–		–		–		–		0,1 ETP		–		0,3 ETP	-57.1%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	-50.0%	1,4 ETP	+27.3%	1,1 ETP	-42.1%	1,9 ETP	-5.0%	2,0 ETP	+53.8%	1,3 ETP		–		0,9 ETP	+350%	0,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 21 ended

Active mandates

Mieke De Busschere

Bestuurder · since 01 avril 2015

Active

Bjorn De Busschere

Bestuurder · since 11 octobre 2005

Active

N.I.-International

Bestuurder · since 11 octobre 2005 · 0871.084.447

Represented by Marleen Provoost

Active

Willy De Busschere

Gedelegeerd bestuurder · since 01 octobre 2004

Active

Ended mandates

Mieke De Busschere

Director · since 01 avril 2015 · until 30 juin 2016

Ended

Mieke De Busschere

Director · since 01 avril 2015 · until 24 août 2016

Ended

Bjorn De Busschere

Director · since 01 octobre 2010 · until 30 juin 2016

Ended

Bjorn De Busschere

Director · since 01 octobre 2010 · until 24 août 2016

Ended

At this address

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MOTREC● Bankrupt	0879.117.433
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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/08/2026	31/08/2025	28/08/2024	24/08/2023	25/08/2022	24/08/2021
General meeting	07/08/2026	24/08/2025	27/08/2024	22/08/2023	22/08/2022	23/08/2021
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
Abridged model	31/12/2025	07/08/2026	21/08/2026	Dutch	PDF
Abridged model	31/12/2024	24/08/2025	31/08/2025	Dutch	PDF
Abridged model	31/12/2023	27/08/2024	28/08/2024	Dutch	PDF
Abridged model	31/12/2022	22/08/2023	24/08/2023	Dutch	PDF
Abridged model	31/12/2021	22/08/2022	25/08/2022	Dutch	PDF
Abridged model	31/12/2020	23/08/2021	24/08/2021	Dutch	PDF
Abridged model	31/12/2019	04/09/2020	29/09/2020	Dutch	PDF
Abridged model	31/12/2018	20/10/2019	31/10/2019	Dutch	PDF
Abridged model	31/12/2017	30/08/2018	29/09/2018	Dutch	PDF
Abridged model	31/12/2016	06/05/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	24/08/2016	24/08/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	05/05/2014	15/10/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	24/10/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	26/09/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	17/08/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	14/08/2009	Dutch	PDF
Abridged model	31/12/2007	05/05/2008	26/08/2008	Dutch	PDF
Abridged model	31/12/2006	05/05/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 4 active · 21 ended

Active mandates

Mieke De Busschere

Bestuurder · since 01 avril 2015

Active

Bjorn De Busschere

Bestuurder · since 11 octobre 2005

Active

N.I.-International

Bestuurder · since 11 octobre 2005 · 0871.084.447

Represented by Marleen Provoost

Active

Willy De Busschere

Gedelegeerd bestuurder · since 01 octobre 2004

Active

Ended mandates

Mieke De Busschere

Director · since 01 avril 2015 · until 30 juin 2016

Ended

Mieke De Busschere

Director · since 01 avril 2015 · until 24 août 2016

Ended

Bjorn De Busschere

Director · since 01 octobre 2010 · until 30 juin 2016

Ended

Bjorn De Busschere

Director · since 01 octobre 2010 · until 24 août 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/01/2014
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/03/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/02/2005
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

2025
Annual accounts 2025680,1 k €↑
2024
Annual accounts 2024660,5 k €↑
2023
Annual accounts 2023433,2 k €↑
2022
Annual accounts 2022420,3 k €↓
2021
Annual accounts 2021718,7 k €↑
2020
Annual accounts 2020500,8 k €↑
2019
Annual accounts 2019-112,8 k €↓
2018
Annual accounts 2018477,9 k €↑
2017
Annual accounts 201790,2 k €↑
2016
Annual accounts 201629,8 k €↓
2015
Annual accounts 20151 M €↑
2014
Annual accounts 201444,1 k €↑
2013
Annual accounts 2013-9,5 k €↓
2012
Annual accounts 2012147,2 k €↑
2011
Annual accounts 201192,6 k €↑
2010
Annual accounts 2010-39,9 k €↓
2009
Annual accounts 200947,4 k €↓
2008
Annual accounts 200850,2 k €↑
2007
Annual accounts 200723,3 k €↑
2006
Annual accounts 200622,3 k €
28/04/1986
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

NORTH IMMO

Overview

What does NORTH IMMO do?

Trend over 20 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