Equity
€611,590 ▼ 62.8%
Rederij Noordster paid out €1.1m in dividends. That is 3,225% of the 2025 profit.
Rederij Noordster
Lifetime
19 annual accounts with figures on one time axis, 43 filings since 1983peak €1.8m (2018)
€961,063▲ 5.1%
lowest -€86,204 (2009)
€33,390▼ 30.9%
peak €2.0m (2020)
€611,590▼ 62.8%
€1.3m▲ 354%
peak 9.9 FTE (2022)
8.4 FTE▼ 9.7%
Board5 names since 2018
4 directorsDEGRENDELE Dirk and 3 others
Documentsfilings and deeds
21-05-202671 days before the deadline
2025abbreviated format
Result from €48,302 to €33,390Staff from 9.3 FTE to 8.4 FTEDividend €1.1mEquity from €1.6m to €611,590Debts from €290,012 to €1.3mCash from €230,979 to €27,794
Key points
from the 2025 annual accountsTurnover
≈ €2.3m estimated
The abbreviated format states no turnover.
Debts
€1.3m ▲ 354%
Debts rose by €1.0m in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€290,343 1.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 16.5% higher than in 2024.
Liquidity
0.28 was 1.58 in 2024
Short-term debts rose from €288,149 to €1.3m.
Filings
43 annual accounts since 1983
The 2024 accounts came 10 days late. The other nine of the last ten were filed on time.
Checked score
68
Healthy
Financially stronger than 30% of micro companies in fishing and aquaculture (NACE 03)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 97 companies (NACE 03, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.2%▼ -0.2 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.7%▲ +0.5 percentage points vs 05-2026highest value
07-2026: 0.7%● unchanged vs 06-2026highest value
08-2026: 0.7%● unchanged vs 07-2026highest value
09-2026: 0.7%● unchanged vs 08-2026highest value
10-2026: 0.7%● unchanged vs 09-2026highest value
11-2026: 0.7%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Fishing and aquaculture (NACE 03)
Liquidity: current ratio 0.28, cash €27,794, halved
Profit of €33,390 (financial year 2025)
lowers risk
Founded in 1983
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 03, micro). It does better than 43% of them on solvency, 10% on liquidity, 63% on profitability and 7% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
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).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as Rederij Noordster has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Rederij Noordster itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for Rederij Noordster. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.28 (1.58 in 2024), below 1. Short-term debt is 66.3% and cash 1.4% of total assets. 68.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 days early
2024
10 days late
2023
76 days early
2022
102 days early
2021
31 days early
2020
93 days early
2019
9 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 53 days before the deadline. In the sector (NACE 03), the median for financial year 2024 was 10 days after the deadline, and 55% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 May (4 of the last 5 accounts filed within 40 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0423749250
Changes of role: DEGRENDELE Dirk Hans Jan (director) and VANTORRE Keetje Christa (director)
Director discharge: VANTORRE Keetje Christa · General meeting of 18-07-2023 · Gazette deed
Environmental permit granted
Bouwen of herbouwen · Oostende
Resignation: Neyts Rudy (director)
Director discharge: Neyts Rudy · General meeting of 01-04-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Rederij Noordster De Haan | €1.9m | €1.0m | 31.5% | 8.4 |
| REDERIJ SOETKIN Knokke-Heist | €1.6m | €0.8m | 83.3% | 8.5 |
| REDERIJ MARBI De Haan | €3.2m | €1.2m | 62.3% | 8.5 |
| REDERIJ STEPHANIE Knokke-Heist | €2.5m | €1.2m | 74.9% | 7.4 |
| Beheer Shamrock Ostend | €1.4m | €1.1m | 62.4% | 8.5 |
| DE FLAMINGO Blankenberge | €1.5m | €0.9m | 67.9% | 10.8 |
| REDERIJ MARCO Knokke-Heist | €1.8m | €0.8m | 57.7% | 11 |
These companies have the same main activity as Rederij Noordster: fishing and aquaculture (NACE 03110). They are comparable in size and age: total assets between €1.4m and €3.2m, founded between 1980 and 1990.
Official details
Source: KBO- Status
- Active since 17-02-1983Normal situation
- Activity
- Fishing and aquacultureNACE 03110
- Joint committee
- 143Sea fishing · annual accounts 2025
- Establishment unit
- 2.021.919.2708380 Bruges, since 09-03-1983
- Financial year end
- 31 December
- Peppol
- Reachable since 13-08-2025
Annual accounts 2025
- €1.9m▼ 0.1%
- Filing
- Filed on 21-05-2026, 71 days before the end of the filing period
Insights on Rederij Noordster
Rederij Noordster files the abbreviated format. That format states no turnover. The gross margin rose from -€168 in 2006 to €961,063 in 2025.
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 Rederij Noordster
- What is the company number of Rederij Noordster?
- The company number of Rederij Noordster is 0423.749.250. The VAT number is the same number with BE in front: BE 0423.749.250.
- Where is Rederij Noordster based?
- The registered office is at Leon Beirensstraat 11, 8420 De Haan.Company details
- What does Rederij Noordster do?
- According to the KBO register, the main activity is fishing and aquaculture (NACE 03110).
- What is the legal form of Rederij Noordster?
- Rederij Noordster is a private limited company (BV).
- When was Rederij Noordster founded?
- Rederij Noordster was founded on 17-02-1983.
- Is Rederij Noordster still active?
- Yes, Rederij Noordster is an active enterprise in the KBO register.
- How many employees does Rederij Noordster have?
- Rederij Noordster had an average of 8.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Rederij Noordster fall under?
- In its 2025 annual accounts, Rederij Noordster states joint committee 143 (Sea fishing).
- What is the turnover of Rederij Noordster?
- The turnover in financial year 2025 is ≈ €2.3m. This figure is estimated from the gross margin of €961,063 and 2,275 comparable companies of the same size. It probably lies between €1.4m and €3.8m. It is a rough estimate.
- Is Rederij Noordster profitable?
- In financial year 2025, Rederij Noordster made a profit of €33,390.
- Where can I find the annual accounts of Rederij Noordster?
- Rederij Noordster filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Rederij Noordster due?
- Rederij Noordster must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.