VOLUNTARY DISSOLUTION - LIQUIDATION

50°NORTH VENTURES

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Financial year 2024 · closed on 31/12/2024
Net result
1,1 M €
+369.5% YoY
Gross margin
1,4 M €
+492.3% YoY
Equity
2,9 M €
+3.9% YoY

Company — Voluntary dissolution - liquidation.

What does 50°NORTH VENTURES do?

50°NORTH VENTURES is a Public limited company incorporated in 2014. Its registered office is in Anderlecht.

Legal situation
● Voluntary dissolution - liquidation
BCE/KBO no. / VAT
BE 0507.740.263
Incorporation
24/12/2014
Legal form
Public limited company
Registered office
Allée de la Recherche 12
1070 Anderlecht · BruxellesSee on map
Contributed capital
62 500,00 €
Latest accounts
31/12/2024
Joint committees (1)
  • 200
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2024202320222021202020192018201720162015
Income statement
Gross margin1,4 M €-355,2 k €-335,7 k €31,9 k €222,9 k €191 k €266,3 k €144,7 k €-32,7 k €10,9 k €
EBITDA879,1 k €-439,7 k €-426,5 k €-162,4 k €24,5 k €-296,4 k €-15,2 k €-3,9 k €-80,7 k €10,2 k €
Operating result874,2 k €-446,7 k €-432,6 k €-173,6 k €2 k €-320,7 k €-35,6 k €-22,3 k €-82,5 k €9,4 k €
Net result1,1 M €-411,5 k €-979,2 k €154,6 k €-1,3 k €4,9 M €57,5 k €25,7 k €3,3 k €1,2 k €
Balance sheet
Equity2,9 M €2,8 M €3,2 M €5,2 M €5 M €5 M €150,2 k €92,7 k €67 k €63,7 k €
Total assets4,7 M €4 M €5,4 M €5,7 M €5,4 M €5,7 M €881,6 k €920,6 k €838,6 k €263 k €
Cash1,8 M €518 k €241,6 k €282,1 k €810,6 k €2,5 M €10,7 k €3,1 k €182,4 k €69,6 k €
Debts1,5 M €1,3 M €2,2 M €477,7 k €379,1 k €683,7 k €715,9 k €821,7 k €754,6 k €199,3 k €
Other
Workforce–1,0 ETP1,0 ETP2,0 ETP2,5 ETP3,2 ETP3,5 ETP3,0 ETP1,0 ETP–
Governance

Board of directors

Seen on filing of 31/12/2024 · 8 active · 35 ended

Active mandates

IMPACTHEO

Director · since 12 mai 2024 · until 07 mai 2025 · 0859.775.138

Represented by Pauline Fagneray

Active
BOOST VENTURES

Managing director · since 03 mai 2024 · until 03 mai 2030 · 0804.363.293

Represented by André Ostachkov

Active
BbyD

Director · since 18 septembre 2023 · until 07 mai 2027 · 0784.534.911

Represented by Grégory Miller

Active
Thomas Ryckalts

Director · since 15 décembre 2022 · until 07 mai 2027

Active
Pierre Hermant

Chairman of the board of directors · since 09 décembre 2022 · until 07 mai 2027

Active
CSZBIO

Director · since 23 septembre 2022 · until 17 mars 2025 · 0766.829.639

Represented by Cédric Szpirer

Active
Philippe Antoine

Director · since 15 juin 2021 · until 07 mai 2027

Active
SAMBRINVEST SPIN-OFF/SPIN-OUT

Director · since 15 juin 2021 · until 07 mai 2027 · 0884.341.575

Represented by Grégoire Dupuis

Active

Ended mandates

Gregory Miller

Director · since 05 décembre 2023 · until 07 mai 2027

Ended
BOOST VENTURES

Managing director · since 01 juillet 2023 · until 03 mai 2024 · 0804.363.293

Represented by André Ostachkov

Ended
MAXCARD COMPANY

Managing director · since 09 janvier 2023 · until 01 juillet 2023 · 0477.826.552

Represented by Geoffroy De Myttenaere

Ended
MAXCARD COMPANY

Managing director · since 09 janvier 2023 · until 07 mai 2027 · 0477.826.552

Represented by Geoffroy De Myttenaere

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 date22/09/202521/08/202420/10/202329/08/202230/07/202116/09/2020
General meeting27/06/202531/07/202422/06/202323/06/202215/06/202109/06/2020
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

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged modelCorrection31/12/202427/06/202522/09/2025FrenchPDF
Abridged model31/12/202427/06/202508/09/2025FrenchPDF
Abridged model31/12/202331/07/202421/08/2024FrenchPDF
Abridged model31/12/202222/06/202320/10/2023FrenchPDF
Abridged model31/12/202123/06/202229/08/2022FrenchPDF
Abridged model31/12/202015/06/202130/07/2021FrenchPDF
Abridged model31/12/201909/06/202016/09/2020FrenchPDF
Abridged model31/12/201805/07/201908/07/2019FrenchPDF
Abridged model31/12/201712/06/201817/08/2018FrenchPDF
Abridged modelCorrection31/12/201610/07/201711/09/2017FrenchPDF
Abridged model31/12/201610/07/201729/08/2017FrenchPDF
Abridged model31/12/201514/07/201618/07/2016FrenchPDF
Estimate

Indicative valuation

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 · 8 active · 35 ended

Active mandates

IMPACTHEO

Director · since 12 mai 2024 · until 07 mai 2025 · 0859.775.138

Represented by Pauline Fagneray

Active
BOOST VENTURES

Managing director · since 03 mai 2024 · until 03 mai 2030 · 0804.363.293

Represented by André Ostachkov

Active
BbyD

Director · since 18 septembre 2023 · until 07 mai 2027 · 0784.534.911

Represented by Grégory Miller

Active
Thomas Ryckalts

Director · since 15 décembre 2022 · until 07 mai 2027

Active
Pierre Hermant

Chairman of the board of directors · since 09 décembre 2022 · until 07 mai 2027

Active
CSZBIO

Director · since 23 septembre 2022 · until 17 mars 2025 · 0766.829.639

Represented by Cédric Szpirer

Active
Philippe Antoine

Director · since 15 juin 2021 · until 07 mai 2027

Active
SAMBRINVEST SPIN-OFF/SPIN-OUT

Director · since 15 juin 2021 · until 07 mai 2027 · 0884.341.575

Represented by Grégoire Dupuis

Active

Ended mandates

Gregory Miller

Director · since 05 décembre 2023 · until 07 mai 2027

Ended
BOOST VENTURES

Managing director · since 01 juillet 2023 · until 03 mai 2024 · 0804.363.293

Represented by André Ostachkov

Ended
MAXCARD COMPANY

Managing director · since 09 janvier 2023 · until 01 juillet 2023 · 0477.826.552

Represented by Geoffroy De Myttenaere

Ended
MAXCARD COMPANY

Managing director · since 09 janvier 2023 · until 07 mai 2027 · 0477.826.552

Represented by Geoffroy De Myttenaere

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/04/2026
    RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/12/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/01/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/04/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/07/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/06/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DENOMINATION
    PDF
  • Mandates02/08/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/03/2021
    DEMISSIONS, NOMINATIONS
    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 20241,1 M €↑
  2. 2023
    Annual accounts 2023-411,5 k €↑
  3. 2022
    Annual accounts 2022-979,2 k €↓
  4. 2022
    Name change50°NORTH VENTURES
  5. 2021
    Annual accounts 2021154,6 k €↑
  6. 2021
    Name changeEEBIC VENTURES
  7. 2020
    Annual accounts 2020-1,3 k €↓
  8. 2019
    Annual accounts 20194,9 M €↑
  9. 2018
    Annual accounts 201857,5 k €↑
  10. 2017
    Annual accounts 201725,7 k €↑
  11. 2016
    Annual accounts 20163,3 k €↑
  12. 2015
    Annual accounts 20151,2 k €
  13. 24/12/2014
    IncorporationPublic limited company