Equity
-€3.0m
Debts exceed assets in financial year 2025.
NORTH BUILDINGS
Lifetime
16 annual accounts with figures on one time axis, 19 filings since 2003peak €36.5m (2009)
-not published
lowest -€1.5m (2024)
-€349,232▲ €1.2m
peak €2.0m (2007)
-€3.0m▼ €349,232
€11.5m▲ 0.1%
Board2 names since 2020
2 directorsMYLECKE and 1 other
Owners2 names in the annual accounts
50%SEA COAST GROUP AC and 1 other
Documentsfilings and deeds
03-02-202625 days before the deadline
2025abbreviated format
Gross margin from €796,886 to -€92,900Loss of €349,232Equity from -€2.6m to -€3.0mCash from €336 to €143
Key points
from the 2025 annual accountsLosses
-€4.5m in seven years
Every financial year from 2019 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€11.5m 133% of the balance sheet
Financial debts 1%Suppliers 0%Other 99%
Filings
19 annual accounts since 2003
The 2021 accounts came 30 days late. The other nine of the last ten were filed on time.
At the same address
18 companies
Position in the sector
-€349,232
Lower net result than 95% of companies in real estate. Sector median €9,988 · 11,280 companies.
Turnover not published (abbreviated format)
Checked score
53
Fair
Financially stronger than 10% of small companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,997 companies (NACE 68, small).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.9%▲ +0.1 percentage points vs 01-2025
03-2025: 1.4%▲ +0.5 percentage points vs 02-2025
04-2025: 1.4%● unchanged vs 03-2025
05-2025: 1.4%● unchanged vs 04-2025
06-2025: 1.4%● unchanged vs 05-2025
07-2025: 1.4%● unchanged vs 06-2025
08-2025: 1.4%● unchanged vs 07-2025
09-2025: 1.4%● unchanged vs 08-2025
10-2025: 1.4%● unchanged vs 09-2025
11-2025: 1.4%● unchanged vs 10-2025
12-2025: 1.4%● unchanged vs 11-2025
01-2026: 1.5%▲ +0.1 percentage points vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026highest value
03-2026: 0.7%▼ -0.8 percentage points vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.7%● unchanged vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Liquidity: current ratio 0.10, cash €143, halved
Negative equity -€3.0m
lowers risk
Size: total assets €8.7m
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 1% of them on solvency, 1% on liquidity, 20% on profitability and 20% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-07-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.1 (0.13 in 2024), below 1. Short-term debt is 132.5% and cash 0% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€3.0m
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 03-02-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 days early
2024
7 days early
2023
on the day
2022
12 days early
2021
30 days late
2020
46 days early
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-07-2026 is due by 28-02-2027. Nothing is late today. The company usually files around 21 February (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
31-07-2026 year end07-11-2026 today28-02-2027 deadline
Board and ownership
M
MYLECKE
Director, DANNEELS Hendrik, since 10-12-2020
- SEA COAST GROUP AC 50%score 67equity €16.3m (2025) · 2025 annual accounts of SEA COAST GROUP AC
- DANRO 49.84%score 86equity €854,572 (2025) · 30-06-2025 annual accounts of DANRO
Shares in 2 companies, VEDESCA and BUNGOBEL
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0478049949
Company renamed from SEA COAST INVEST to NORTH BUILDINGS
Resignations: Sea Coast Group AC (director) and Mylecke (director) · Reappointments: Sea Coast Group AC (director) and Mylecke (director) · Permanent representatives: CLOET Adelin and DANNEELS Hendrik · Gazette deed
First establishment
SEA COAST INVEST - S.C.I., Albert I laan 98, Nieuwpoort
Incorporation
published on 03-08-2002 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NORTH BUILDINGS Nieuwpoort | €8.7m | -€92,900 | -34.0% | - |
| Immo Cordeel-Aertssen Stabroek | €7.7m | -€231,279 | 53.9% | - |
| ECO-SERVICE DC Ypres | €11.0m | -€34,916 | 94.9% | 0 |
| LITOPE Ostend | €6.2m | -€10,568 | 93.7% | 0 |
| ALIMTRA Knokke-Heist | €8.1m | -€205,814 | 14.8% | 0.5 |
| HOOGLATEM Waregem | €13.3m | -€16,417 | 40.5% | - |
| VIERWINDEN Ghent | €9.7m | -€24,244 | 46.9% | - |
These companies have the same main activity as NORTH BUILDINGS: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €6.2m and €13m, founded between 1997 and 2007.
Official details
Source: KBO- Status
- Active since 22-07-2002Normal situation
- Registered office
- 20 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- Buying and selling of own real estateNACE 68110and 1 other
- Establishment unit
- 2.114.400.2588620 Nieuwpoort, since 11-09-2002
- Financial year end
- 31 July
- Peppol
- Reachable since 07-01-2026
Annual accounts to 31-07-2025
- €8.7m▼ 3.8%
- Filing
- Filed on 03-02-2026, 25 days before the end of the filing period
Insights on NORTH BUILDINGS
NORTH BUILDINGS has existed since 2002. Turnover fell from €36.5m in 2009 to €14.5m in 2010. The previous financial year ran 23 months, this one 12.
Solvency fell in 2025 from -28.9% to -34.0% because of the loss.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NORTH BUILDINGS
- What is the company number of NORTH BUILDINGS?
- The company number of NORTH BUILDINGS is 0478.049.949. The VAT number is the same number with BE in front: BE 0478.049.949.
- Where is NORTH BUILDINGS based?
- The registered office is at Albert I laan 98, 8620 Nieuwpoort.Company details
- What does NORTH BUILDINGS do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of NORTH BUILDINGS?
- NORTH BUILDINGS is a public limited company (NV).
- When was NORTH BUILDINGS founded?
- NORTH BUILDINGS was founded on 22-07-2002.
- Is NORTH BUILDINGS still active?
- Yes, NORTH BUILDINGS is an active enterprise in the KBO register.
- What is the turnover of NORTH BUILDINGS?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is NORTH BUILDINGS profitable?
- In financial year 2025, NORTH BUILDINGS made a loss of €349,232.
- Where can I find the annual accounts of NORTH BUILDINGS?
- NORTH BUILDINGS filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NORTH BUILDINGS due?
- NORTH BUILDINGS must file the annual accounts for financial year 2026 by 28-02-2027.Timeline
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