ACTIVE

North Flow

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Financial year 2025 · closed on 31/12/2025
Net result
4,2 k €
+105.6% YoY
Gross margin
57,9 k €
+49.0% YoY
Equity
4,5 k €
+1741.8% YoY

What does North Flow do?

North Flow is a Private limited company incorporated in 1986. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Antwerpen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0429.979.323
Incorporation
01/12/1986
Legal form
Private limited company
Registered office
Infirmerieplein 7 box 401
2018 Antwerpen · FlandreSee on map
Contributed capital
3 613,88 €
Latest accounts
31/12/2025
Activities (NACE)
47730Dispensing chemist in specialised stores· main47730Dispensing chemist in specialised stores52310Warehousing and support activities for transportation64200Activities of holding companies64210Activities of holding companies70200Management consultancy activities+1
Joint committees (1)
  • 313
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021201420132012201120102009200820072006
Income statement
Gross margin57,9 k €38,9 k €240,4 k €232,8 k €217,8 k €69,7 k €26,8 k €26,8 k €88,9 k €12,6 k €11,1 k €30,6 k €77,2 k €66,1 k €
EBITDA57,2 k €36,1 k €236,8 k €213 k €183,2 k €66 k €22,5 k €22 k €84 k €7,4 k €5,9 k €25,1 k €72,9 k €59,3 k €
Operating result36,7 k €11,2 k €196,1 k €174,9 k €148 k €56,2 k €14,3 k €14,4 k €74,3 k €-2 k €-2,6 k €18,7 k €66,1 k €52,6 k €
Net result4,2 k €-74,9 k €85,4 k €125,6 k €34,3 k €39,2 k €41,4 k €40,3 k €71,5 k €12,9 k €12,1 k €30,7 k €50,9 k €39,7 k €
Balance sheet
Equity4,5 k €241,9 €257,9 k €172,5 k €72,2 k €669,3 k €630 k €648 k €607,7 k €536,2 k €523,2 k €511,1 k €480,4 k €429,6 k €
Total assets303,6 k €335,5 k €792,2 k €794,9 k €713,2 k €767,6 k €763,3 k €747,1 k €803,1 k €655,6 k €642,8 k €729,1 k €750,8 k €701,4 k €
Cash34,7 k €11,6 k €30,2 k €16 k €26,9 k €36,4 k €80 k €49,4 k €119,6 k €54,7 k €2,1 k €76,5 k €65,5 k €88,3 k €
Debts295 k €324,1 k €523,9 k €609,8 k €635,1 k €93,7 k €125,9 k €90,5 k €192,2 k €96,3 k €96,6 k €195,1 k €245,3 k €247,3 k €
Other
Workforce–––1,0 ETP1,1 ETP–––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

Maxime Vanderstichele Dierick

Bestuurder · since 03 décembre 2014

Active

Ended mandates

Maxime Vanderstichele Dierick

Director · since 03 décembre 2014

Ended
MAXIME VANDERSTICHELE DIERICK

Manager · since 24 novembre 2014

Ended
Maxime VANDERSTICHELE

Manager · since 15 octobre 2014

Ended
Alexia Vanderstichele

Manager · since 13 novembre 2013

Ended
At this address

Other companies at this address

CompanyCBE no.
0404● Active
0544.881.761
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/07/202627/08/202517/07/202404/08/202311/08/202228/07/2021
General meeting05/06/202606/06/202507/06/202402/06/202303/06/202204/06/2021
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 model31/12/202505/06/202630/07/2026DutchPDF
Abridged model31/12/202406/06/202527/08/2025DutchPDF
Abridged model31/12/202307/06/202417/07/2024DutchPDF
Abridged model31/12/202202/06/202304/08/2023DutchPDF
Abridged model31/12/202103/06/202211/08/2022DutchPDF
Abridged model31/12/202004/06/202128/07/2021DutchPDF
Abridged model31/12/201905/06/202003/08/2020DutchPDF
Abridged model31/12/201807/06/201904/07/2019DutchPDF
Micro model31/12/201701/06/201829/06/2018DutchPDF
Abridged model31/12/201602/06/201729/06/2017DutchPDF
Abridged model31/12/201503/06/201623/08/2016DutchPDF
Abridged model31/12/201428/05/201526/06/2015DutchPDF
Abridged model31/12/201322/05/201423/06/2014DutchPDF
Abridged model31/12/201229/08/201330/08/2013DutchPDF
Abridged model31/12/201130/11/201226/12/2012DutchPDF
Abridged model31/12/201026/05/201127/06/2011DutchPDF
Abridged model31/12/200927/05/201022/06/2010DutchPDF
Abridged model31/12/200830/06/200929/07/2009DutchPDF
Abridged model31/12/200723/05/200823/10/2008DutchPDF
Abridged model31/12/200630/06/200728/12/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 1 active · 7 ended

Active mandates

Maxime Vanderstichele Dierick

Bestuurder · since 03 décembre 2014

Active

Ended mandates

Maxime Vanderstichele Dierick

Director · since 03 décembre 2014

Ended
MAXIME VANDERSTICHELE DIERICK

Manager · since 24 novembre 2014

Ended
Maxime VANDERSTICHELE

Manager · since 15 octobre 2014

Ended
Alexia Vanderstichele

Manager · since 13 novembre 2013

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares25/04/2024
    BENAMING - DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Restructuring22/02/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring12/06/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring25/11/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring14/11/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Registered office24/07/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares24/01/2018
    KAPITAAL - AANDELEN
    PDF
  • Mandates03/12/2014
    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. 2025
    Annual accounts 20254,2 k €↑
  2. 2024
    Annual accounts 2024-74,9 k €↓
  3. 2023
    Annual accounts 202385,4 k €↓
  4. 2023
    Name changeNorth Flow
  5. 2022
    Annual accounts 2022125,6 k €↑
  6. 2021
    Annual accounts 202134,3 k €↓
  7. 2021
    Name changeBergendries
  8. 2014
    Annual accounts 201439,2 k €↓
  9. 2013
    Annual accounts 201341,4 k €↑
  10. 2012
    Annual accounts 201240,3 k €↓
  11. 2011
    Annual accounts 201171,5 k €↑
  12. 2010
    Annual accounts 201012,9 k €↑
  13. 2009
    Annual accounts 200912,1 k €↓
  14. 2008
    Annual accounts 200830,7 k €↓
  15. 2007
    Annual accounts 200750,9 k €↑
  16. 2006
    Annual accounts 200639,7 k €
  17. 01/12/1986
    IncorporationPrivate limited company