ACTIVE

Northbound

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
17,5 k €
+862.1% YoY
Gross margin
20,4 k €
+1444.0% YoY
Equity
10 k €
+234.6% YoY

What does Northbound do?

Northbound is a Private limited company incorporated in 2012. Its main activity is: Architectural activities. Its registered office is in Vorselaar.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0508.645.432
Incorporation
19/12/2012
Legal form
Private limited company
Registered office
Van Rotselaarlaan 31
2290 Vorselaar · FlandreSee on map
Contributed capital
10 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
71112Architectural activities· main71112Architectural activities
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201820172016201520142013
Income statement
Gross margin20,4 k €-1,5 k €2,5 k €359,9 €-6,3 k €-28,6 k €7,4 k €-10,8 k €21,7 k €33,2 k €5,8 k €-4,7 k €
EBITDA19,7 k €-2,1 k €1,5 k €-89,6 €-7 k €-29,1 k €6,9 k €-11,3 k €21,1 k €32,6 k €5,2 k €-5,3 k €
Operating result18,3 k €-2,1 k €-380,6 €-4,1 k €-9,9 k €-31 k €6,5 k €-12,5 k €19,9 k €31,1 k €4,3 k €-6,2 k €
Net result17,5 k €-2,3 k €-277,3 €-4,2 k €-10 k €-31 k €3,8 k €-13,1 k €14,5 k €22,9 k €3,9 k €-6,5 k €
Balance sheet
Equity10 k €-7,5 k €-5,2 k €-4,9 k €-683,3 €9,3 k €35,5 k €31,7 k €44,8 k €30,3 k €7,4 k €3,5 k €
Total assets29,7 k €247,7 €23,3 k €25,9 k €25,5 k €24,8 k €68,9 k €60 k €74,6 k €86,9 k €62,1 k €48,9 k €
Cash5,1 k €–2,3 k €10,7 k €9 k €12 k €20,2 k €12,1 k €15,1 k €26,9 k €16,1 k €21,6 k €
Debts19,7 k €7,7 k €28,5 k €30,8 k €26,2 k €14,4 k €32,4 k €28,2 k €29,8 k €56,5 k €54,7 k €44,5 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 11 ended

Active mandates

Daan Mark Vetters

Director · since 24 décembre 2024

Active

Ended mandates

InStyle Management

Director · since 01 décembre 2022 · 0466.297.905

Represented by Kristoffel Clerckx

Ended
InStyle Stories

Director · since 16 juin 2021 · 0451.939.529

Represented by Birgit Engelen

Ended
InStyle Stories

Director · since 16 juin 2021 · 0451.939.529

Represented by Birgit Engelen

Ended
Wendy Geeraerts

Director · since 16 juin 2021

Ended
At this address

Other companies at this address

CompanyCBE no.
DOUBLE TAKE● Active
0480.226.610
MONTANA PROJECTS● Active
0864.813.495
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelAbridged modelAbridged modelAbridged modelMicro 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 date24/08/202602/07/202505/07/202405/07/202318/07/202215/07/2021
General meeting24/06/202625/06/202526/06/202428/06/202322/06/202223/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202524/06/202624/08/2026DutchPDF
Micro model31/12/202425/06/202502/07/2025DutchPDF
Abridged model31/12/202326/06/202405/07/2024DutchPDF
Abridged model31/12/202228/06/202305/07/2023DutchPDF
Abridged model31/12/202122/06/202218/07/2022DutchPDF
Micro model31/12/202023/06/202115/07/2021DutchPDF
Micro model31/12/201924/06/202026/06/2020DutchPDF
Micro model31/12/201826/06/201901/07/2019DutchPDF
Micro model31/12/201727/06/201829/06/2018DutchPDF
Micro model31/12/201628/06/201730/06/2017DutchPDF
Abridged model31/12/201522/06/201628/06/2016DutchPDF
Abridged model31/12/201424/06/201501/07/2015DutchPDF
Abridged model31/12/201328/05/201430/06/2014DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 11 ended

Active mandates

Daan Mark Vetters

Director · since 24 décembre 2024

Active

Ended mandates

InStyle Management

Director · since 01 décembre 2022 · 0466.297.905

Represented by Kristoffel Clerckx

Ended
InStyle Stories

Director · since 16 juin 2021 · 0451.939.529

Represented by Birgit Engelen

Ended
InStyle Stories

Director · since 16 juin 2021 · 0451.939.529

Represented by Birgit Engelen

Ended
Wendy Geeraerts

Director · since 16 juin 2021

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Other12/11/2025
    DIVERSEN
    PDF
  • Mandates24/12/2024
    BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office28/11/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates02/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/06/2021
    WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/01/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office12/12/2013
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other04/01/2013
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202517,5 k €↑
  2. 2024
    Annual accounts 2024-2,3 k €↓
  3. 2024
    Name changeNorthbound
  4. 2023
    Annual accounts 2023-277,3 €↑
  5. 2022
    Annual accounts 2022-4,2 k €↑
  6. 2022
    Name changeInStyle Studio (ex 'Studio B6')
  7. 2021
    Annual accounts 2021-10 k €↑
  8. 2020
    Annual accounts 2020-31 k €↓
  9. 2020
    Name changeInStyle Studio
  10. 2018
    Annual accounts 20183,8 k €↑
  11. 2017
    Annual accounts 2017-13,1 k €↓
  12. 2016
    Annual accounts 201614,5 k €↓
  13. 2015
    Annual accounts 201522,9 k €↑
  14. 2014
    Annual accounts 20143,9 k €↑
  15. 2013
    Annual accounts 2013-6,5 k €
  16. 2013
    Name changeStudio B6
  17. 19/12/2012
    IncorporationPrivate limited company