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SEPTENTRIO

Active
Public limited companyfounded 200026 yrs activeInterleuvenlaan 15, 3001 Leuven, BelgiumKBO/BCE: BE 0470.094.266
Summary

SEPTENTRIO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €62.62M and a net result of €15.68M. Equity is growing by ~33.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2024
99 / 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability96▼-3
Solvency100=
Growth80▲+2
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 5.23 against 4.5 in 2023; short-term debt: 14.7% and cash: 48.6% of total assets), and 17% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
lowers riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 26 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
83%
Return on assets
20.8%
Age of the figures
21 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 10-07-2026, 21 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
21 d early
2024
44 d early
2023
79 d early
2022
55 d early
2021
59 d early
2020
44 d early
2019
53 d early
← before the deadline after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, full schema, statutory accounts

Turnover
€54.32M▲ 20.9%
2023 · €44.95M
2018: €23.41M 2019: €30.88M 2020: €27.26M 2021: €28.53M 2022: €38.24M 2023: €44.95M
2018 → 2024
EBIT margin
28.5%▼ 2.4pp
2023 · 30.9%
2018: 8.4% 2019: 17.5% 2020: 8.2% 2021: 13.0% 2022: 22.0% 2023: 30.9%
2018 → 2024
Net result
€15.68M▲ 11.1%
2023 · €14.12M
2018: €2.67M 2019: €6.08M 2020: €3.01M 2021: €4.20M 2022: €8.77M 2023: €14.12M
2018 → 2024
Working capital
€46.85M▲ 41.8%
2023 · €33.05M
2018: €3.89M 2019: €8.63M 2020: €11.47M 2021: €16.20M 2022: €22.86M 2023: €33.05M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€27.26M-€28.53M▲ 4.6%€38.24M▲ 34.0%€44.95M▲ 17.6%€54.32M▲ 20.9%
Equity€19.75M-€24.05M▲ 21.8%€32.81M▲ 36.5%€46.94M▲ 43.0%€62.62M▲ 33.4%
Operating result€2.24M-€3.70M▲ 65.6%€8.42M▲ 127%€13.89M▲ 65.0%€15.51M▲ 11.7%
Net result€3.01M-€4.20M▲ 39.3%€8.77M▲ 109%€14.12M▲ 61.1%€15.68M▲ 11.1%
Result per fiscal year
Operating resultNet result
€0€5.00M€10.00M€15.00MOperating result 2020: €2.24M€2.24MNet result 2020: €3.01M€3.01MOperating result 2021: €3.70M€3.70MNet result 2021: €4.20M€4.20MOperating result 2022: €8.42M€8.42MNet result 2022: €8.77M€8.77MOperating result 2023: €13.89M€13.89MNet result 2023: €14.12M€14.12MOperating result 2024: €15.51M€15.51MNet result 2024: €15.68M€15.68M20202021202220232024€0€5M€10M€15MOperating result 2022: €8.42M€8.4MNet result 2022: €8.77M€8.8MOperating result 2023: €13.89M€14MNet result 2023: €14.12M€14MOperating result 2024: €15.51M€16MNet result 2024: €15.68M€16M202220232024
The operating result has risen four years in a row; 2024 is 12% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €75.41M
Fixed assets €17.48M ▲ 12.5%
Current assets €57.93M ▲ 36.3%
Equity and liabilities €75.41M
Equity €62.62M ▲ 33.4%
Provisions €105k ▼ 0.4%
Debt €12.69M ▲ 15.3%
Debt's share of the balance-sheet total falls from 19.0% to 16.8%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€23.87M
2023 · €20.04M
Cash flow
€24.05M
2023 · €20.28M
Current ratio
5.23
2023 · 4.50
Quick ratio
4.28
2023 · 3.49
Debt to equity
0.20
2023 · 0.23
ROE
25.0%
2023 · 30.1%
ROA
20.8%
2023 · 24.3%
Interest coverage
29.86
2023 · 17793.00
Debt ≤ 1 year
€11.08M
2023 · €9.45M
Income taxes
€1.80M
2023 · €144k
Staff costs
€14.48M
2023 · €12.63M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 86 lines
Balance sheet Code20232024
Assets
Total assets20/58€58.04M€75.41M
Fixed assets21/28€15.54M€17.48M
Intangible fixed assets21€11.81M€14.03M
Tangible fixed assets22/27€1.66M€1.36M
Plant, machinery and equipment23€322k€341k
Furniture and vehicles24€223k€182k
Other tangible fixed assets26€1.12M€840k
Financial fixed assets28€2.07M€2.09M
Affiliated companies280/1€2.07M€2.09M
Participating interests280€573k€573k=
Amounts receivable281€1.49M€1.52M
Current assets29/58€42.50M€57.93M
Amounts receivable after more than one year29€757k€419k
Other amounts receivable291€757k€419k
Stocks and contracts in progress3€9.53M€10.48M
Stocks30/36€9.53M€10.48M
Raw materials and consumables30/31€5.41M€5.05M
Work in progress32€2.98M€3.82M
Finished goods33€776k€1.34M
Goods purchased for resale34€366k€274k
Amounts receivable within one year40/41€11.86M€8.33M
Trade receivables40€10.61M€7.46M
Other amounts receivable41€1.24M€866k
Cash at bank and in hand54/58€18.78M€36.66M
Deferred charges and accrued income490/1€1.57M€2.04M
Equity and liabilities
Total equity and liabilities10/49€58.04M€75.41M
Equity10/15€46.94M€62.62M
Contributions10/11€7.30M€7.30M=
Capital10€6.88M€6.88M=
Issued capital100€6.88M€6.88M=
Outside capital11€423k€423k=
Share premium1100/10€423k€423k=
Reserves13€692k€692k=
Non-distributable reserves130/1€688k€688k=
Legal reserve130€688k€688k=
Tax-exempt reserves132€5k€5k=
Profit (loss) carried forward14€38.94M€54.63M
Provisions and deferred taxes16€105k€105k
Provisions for liabilities and charges160/5€105k€105k
Other liabilities and charges164/5€105k€105k
Amounts payable17/49€11.00M€12.69M
Amounts payable within one year42/48€9.45M€11.08M
Trade debts44€5.05M€5.43M
Suppliers440/4€5.05M€5.43M
Advances received on contracts in progress46€1.74M€1.94M
Taxes, remuneration and social security45€2.66M€3.72M
Taxes450/3€295k€590k
Remuneration and social security454/9€2.36M€3.13M
Accrued charges and deferred income492/3€1.55M€1.60M
Income statement Code20232024
Operating income70/76A€57.15M€67.41M
Turnover70€44.95M€54.32M
Change in stocks of work in progress, finished goods and contracts in progress71€1.34M€1.40M
Own construction capitalised72€8.82M€9.86M
Other operating income74€1.87M€1.84M
Non-recurring operating income76A€180k-
Operating charges60/66A€43.26M€51.91M
Goods for resale, raw materials and consumables60€13.37M€15.60M
Purchases600/8€13.74M€15.61M
Change in stocks: decrease (increase)609€-371k€-17k
Services and other goods61€10.40M€12.88M
Remuneration, social security and pensions62€12.63M€14.48M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6.16M€8.37M
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€428k€460k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-117k€-428
Other operating charges640/8€398k€125k
Non-recurring operating charges66A€0€2k
Operating profit (loss)9901€13.89M€15.51M
Financial income75/76B€1.01M€2.78M
Recurring financial income75€1.01M€2.09M
Income from financial fixed assets750€351k€346k
Income from current assets751€189k€620k
Other financial income752/9€474k€1.13M
Non-recurring financial income76B-€684k
Financial charges65/66B€637k€800k
Recurring financial charges65€637k€800k
Debt charges650€1k-
Other financial charges652/9€636k€800k
Profit (loss) for the period before taxes9903€14.27M€17.48M
Income taxes67/77€144k€1.80M
Taxes670/3€275k€1.80M
Tax adjustments and reversals of tax provisions77€131k-
Profit (loss) for the period9904€14.12M€15.68M
Profit (loss) for the period to be appropriated9905€14.12M€15.68M
Appropriation of the result
Profit (loss) to be appropriated9906€38.94M€54.63M
Profit (loss) brought forward from the previous period14P€24.82M€38.94M
Social balance
Average headcount (FTE)9087110.5114.9

The notes to these accounts (86 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
30-10
State Gazette act Appointments: EY Bedrijfsrevisoren BV, PwC Bedrijfsrevisoren BV and Vincent Slembrouck BV
Permanent representatives: Eef Naessens and Vincent Slembrouck6 facts ▸
  • General meeting, 22-10-2025
  • Auditor appointment, EY Bedrijfsrevisoren BV
  • Permanent representative, Eef Naessens
  • Auditor appointment, PwC Bedrijfsrevisoren BV (statutory auditor)
  • Auditor appointment, Vincent Slembrouck BV (statutory auditor)
  • Permanent representative, Vincent Slembrouck
19-06
NBB filing Annual accounts filed
fiscal year 2024 · consolidated
17-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
15-05
State Gazette act Resignations: Antoon De Proft, ALMASER BV and 5 others
Permanent representatives: Carl Van Hool, Yvan Jansen and Antoon De Proft · Appointment: Gordon Dale (sole director) · Mandate compensation16 facts ▸
  • General meeting, 24/04/2025
  • Director resignation, Antoon De Proft (director)
  • Director resignation, ALMASER BV (director)
  • Permanent representative, Carl Van Hool
  • Director resignation, YJC BV (director)
  • Permanent representative, Yvan Jansen
  • Director resignation, Peter Grognard (director)
  • Director resignation, André Oosterlinck (director)
  • Director resignation, Philippe Thibaut (director)
  • Director resignation, ADP Vision BV (day-to-day manager)
  • Permanent representative, Antoon De Proft
  • Director appointment, Gordon Dale (sole director)
  • +4 further facts in this act
24-03
State Gazette act Capital & shares · Statutes amendment
Capital increase · Share issue · Capital5 facts ▸
  • Capital increase, €471.322,3
  • Share issue, Ingevolge de uitoefening van 2.414.500 inschrijvingsrechten uitgegeven op 22 december 2022 en van 700.000 inschrijvingsrechten uitgegeven op 29 april 2024
  • Capital, €7.347.892,26
  • Statutes amendment, 7.1
  • Bank account, 10/03/2025
2024
31-12
Financial Highest result since 2018net €15.68M ▲11.1%
Operating result €15.51M, net result €15.68M, both a record.
31-12
Financial Equity above €50MEq €62.62M ▲33.4%
7 profitable years in a row build equity to €62.62M.
13-09
State Gazette act Resignations: Paul Verdurme, Willy Vanden Poel and Almaser BV
Appointment: EY Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Eef Naessens and Carl Van Hool8 facts ▸
  • General meeting, 15/05/2023
  • General meeting, 29/04/2024
  • Director resignation, Paul Verdurme
  • Director resignation, Willy Vanden Poel
  • Director resignation, Almaser BV
  • Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Eef Naessens
  • Permanent representative, Carl Van Hool
04-07
State Gazette act Miscellaneous
Share issue1 fact ▸
  • Share issue, 700.000, definitief uitgegeven
16-05
State Gazette act Miscellaneous
Share issue · Exercise price · Preemption waiver4 facts ▸
  • General meeting, 29/04/2024
  • Share issue, Inschrijvingsrechten 2024, 700.000
  • Exercise price, 1.55 EUR
  • Preemption waiver, ja
13-05
NBB filing Annual accounts filed
fiscal year 2023 · full schema
Show earlier events
22-04
State Gazette act Miscellaneous
Share issue1 fact ▸
  • Share issue, Inschrijvingsrechten 2022
04-03
State Gazette act Appointments: THIBAUT, Philippe Auguste Maurice René (director) and GROGNARD, Peter Armand Germaine (director)
Statutes amendment · Capital5 facts ▸
  • General meeting, 28-02-2024
  • Statutes amendment
  • Capital, €6.876.569,96
  • Director appointment, THIBAUT, Philippe Auguste Maurice René (director)
  • Director appointment, GROGNARD, Peter Armand Germaine (director)
06-02
State Gazette act Appointments: YJC BV, Lupio BV and Almaser BV
Permanent representatives: Yvan Jansen, Bart Luyten and Carl Van Hool7 facts ▸
  • General meeting, 22/12/2023
  • Director appointment, YJC BV (independent director)
  • Permanent representative, Yvan Jansen
  • Director appointment, Lupio BV (director)
  • Permanent representative, Bart Luyten
  • Director appointment, Almaser BV (director)
  • Permanent representative, Carl Van Hool
2023
06-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
24-01
State Gazette act Capital & shares
Statutes amendment · Capital · Share issue4 facts ▸
  • Statutes amendment
  • Capital, €6.876.569,96
  • Share issue, Inschrijvingsrechten 2022, 2500000
  • Statutes amendment
2022
31-12
Financial Equity above €25MEq €32.81M ▲36.5%
5 profitable years in a row build equity to €32.81M.
31-08
State Gazette act Capital & shares
Judicial annulment1 fact ▸
  • Judicial annulment, beslissing van de raad van bestuur van NV SEPTENTRIO van 18 augustus 2017 om de A-aandelen en warranten van NV FIDIMEC niet aan dhr. Peter GROGNARD toe te kenne…
08-08
State Gazette act Reappointments: Antoon De Proft (director) and André Oosterlinck (director)
Mandate term5 facts ▸
  • General meeting, 17/05/2021
  • Director reappointment, Antoon De Proft (director)
  • Director reappointment, André Oosterlinck (director)
  • Mandate term, tot de algemene vergadering der vennoten te houden in 2027
  • Mandate term, tot de algemene vergadering der vennoten te houden in 2027
02-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
27-05
State Gazette act Appointment: ERNST & YOUNG BEDRIJFSREVISOREN (statutory auditor)
Permanent representative: Naessens Eef3 facts ▸
  • General meeting, 17/05/2021
  • Auditor appointment, ERNST & YOUNG BEDRIJFSREVISOREN (statutory auditor)
  • Permanent representative, Naessens Eef (partner)
2021
17-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
06-05
State Gazette act Capital & shares
Capital increase · Bank account2 facts ▸
  • Capital increase, €104.540
  • Bank account, 29/04/2021
16-03
State Gazette act Reappointment: ADP Vision BVBA (verantwoordelijke voor het dagelijks bestuur)
Permanent representative: Antoon De Proft3 facts ▸
  • Board meeting, 15/02/2021
  • Director reappointment, ADP Vision BVBA (verantwoordelijke voor het dagelijks bestuur)
  • Permanent representative, Antoon De Proft
2020
11-08
State Gazette act Resignation: R.D.V. Securities (director)
2 facts ▸
  • Board meeting, 23/04/2020
  • Director resignation, R.D.V. Securities (director)
11-08
State Gazette act Appointment: ERNST & YOUNG BEDRIJFSREVISOREN (statutory auditor)
Permanent representative: Naessens Eef3 facts ▸
  • General meeting, 22/05/2018
  • Auditor appointment, ERNST & YOUNG BEDRIJFSREVISOREN
  • Permanent representative, Naessens Eef (permanent representative / exercising the mandate)
08-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
05-05
State Gazette act Capital & shares
Capital increase · Bank account2 facts ▸
  • Capital increase, €3.680
  • Bank account, 23-04-2020
2019
24-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
18-04
State Gazette act Capital & shares
Capital increase · Bank account · Share issue4 facts ▸
  • Capital increase, €14.400
  • Bank account, 05-04-2019
  • Share issue, 1185000, opschortende voorwaarden vervuld
  • General meeting, 27-12-2018
02-01
State Gazette act Statutes amendment
Share issue4 facts ▸
  • Statutes amendment
  • Share issue, warranten, 2.500.000
  • Statutes amendment
  • Statutes amendment
2018
21-12
State Gazette act Capital & shares
Capital increase · Bank account2 facts ▸
  • Capital increase, €19.890
  • Bank account, ING Bank, 49.140,00
01-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 1 day late
26-01
State Gazette act Capital & shares · Statutes amendment · Miscellaneous
Capital increase · Share issue · Capital8 facts ▸
  • Capital increase, €8.585
  • Share issue, Klasse A, 12500
  • Share issue, Klasse A, 3000
  • Share issue, Klasse A, 20000
  • Share issue, Klasse A, 2500
  • Share issue, Klasse A, 12500
  • Capital, €6.734.059,96
  • Statutes amendment
2017
19-06
State Gazette act Appointments: Paul Verdurme, Willy Vanden Poel and Almaser
5 facts ▸
  • General meeting, 15/05/2017
  • Director appointment, Paul Verdurme (director)
  • Director appointment, Paul Verdurme (chair of the board)
  • Director appointment, Willy Vanden Poel (director)
  • Director appointment, Almaser (director)
20-01
State Gazette act Capital & shares
Capital increase · Share issue · Bank account6 facts ▸
  • Capital increase, €17.000
  • Share issue, warrants exercised, Klasse A
  • Bank account, 22/12/2016
  • Capital premium booking, 13 000,00, onbeschikbaar
  • Statutory amendment, ja
  • Board meeting, 20/12/2016
2016
08-08
State Gazette act Resignation: Erwin Vandendriessche (director)
Appointment: RVD Securitles NV (gecoöpteerde onafhankelijke bestuurder) · Permanent representative: Erwin Vandendriessche4 facts ▸
  • General meeting, 17/05/2016
  • Director resignation, Erwin Vandendriessche (director)
  • Director appointment, RVD Securitles NV (gecoöpteerde onafhankelijke bestuurder)
  • Permanent representative, Erwin Vandendriessche
06-01
State Gazette act Capital & shares · Statutes amendment
Capital increase · Capital · Statutes amendment3 facts ▸
  • Capital increase, €638.550
  • Capital, €6.708.474,96
  • Statutes amendment
2015
07-12
State Gazette act Capital & shares
Capital increase1 fact ▸
  • Capital increase
02-12
State Gazette act Resignation: VZW Imec (director)
Appointment: Erwin Vandendriessche (director) · Registered-office move4 facts ▸
  • Board meeting, 16 juli 2015
  • Director resignation, VZW Imec (director)
  • Director appointment, Erwin Vandendriessche (director)
  • Registered-office move, Interleuvenlaan 151, 3001 Heverlee
08-07
State Gazette act Capital & shares · Statutes amendment
Capital increase · Statutes amendment2 facts ▸
  • Capital increase, €638.550
  • Statutes amendment
12-06
State Gazette act Appointments: Antoon de Proft, André Oosterlinck and KPMG Bedrijfsrevisoren
Approval · Director discharge · Share issue11 facts ▸
  • General meeting, 18/05/2015
  • Approval, jaarrekening over het boekjaar afgesloten op eenendertig december tweeduizend veertien
  • Director discharge, SEPTENTRIO
  • Director discharge, SEPTENTRIO
  • Director appointment, Antoon de Proft (director)
  • Director appointment, André Oosterlinck (independent director)
  • Auditor appointment, KPMG Bedrijfsrevisoren (statutory auditor)
  • Share issue, Globaal Warrantenplan 2015, warrants
  • Capital increase
  • Statutes amendment
  • Power of attorney, SEPTENTRIO
2014
30-12
State Gazette act Resignation: Peter Grognard (director)
2 facts ▸
  • Board meeting, 16/12/2014
  • Director resignation, Peter Grognard (director)
07-11
State Gazette act Capital & shares
Capital increase · Capital · Power of attorney4 facts ▸
  • General meeting, 24/09/2014
  • Capital increase
  • Capital, €5.431.374,96
  • Power of attorney, CRESCO ADVOCATEN
09-10
State Gazette act Capital & shares · Statutes amendment
Capital increase · Statutes amendment · Power of attorney4 facts ▸
  • General meeting, 24/09/2014
  • Capital increase
  • Statutes amendment
  • Power of attorney, twee gezamenlijk handelende bestuurders
13-06
State Gazette act Resignation: Peter Grognard (managing director)
Appointment: ADP Vision BVBA (managing director) · Permanent representative: Antoon De Proft4 facts ▸
  • Board meeting, 20/01/2014
  • Director resignation, Peter Grognard (managing director)
  • Director appointment, ADP Vision BVBA (managing director)
  • Permanent representative, Antoon De Proft
2013
11-01
State Gazette act Reappointments: Peter Grognard, Paul Verdurme and 3 others
Permanent representatives: André Vinck, Isabelle Van Hool and Raf Cox · Appointment: KPMG bedrijfsrevisoren cvba (commissaris revisor)11 facts ▸
  • General meeting, 16/05/2011
  • Director reappointment, Peter Grognard (managing director)
  • Director reappointment, Paul Verdurme (chair of the board)
  • Director reappointment, Willy Vanden Poel (director)
  • Director reappointment, Imec (director)
  • Permanent representative, André Vinck
  • Director reappointment, Almaser (director)
  • Permanent representative, Isabelle Van Hool
  • General meeting, 21/05/2012
  • Auditor appointment, KPMG bedrijfsrevisoren cvba (commissaris revisor)
  • Permanent representative, Raf Cox
2009
28-09
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 09/09/2009
  • Registered-office move, Interteuvenlaan 15 G. 3001 Leuven
26-01
State Gazette act Reappointments: Peter Grognard, Stefaan Nicolay and 3 others
Permanent representatives: André Vinck and Bruno Denys8 facts ▸
  • General meeting, 18/05/2005
  • Director reappointment, Peter Grognard (managing director)
  • Director reappointment, Stefaan Nicolay (chair of the board)
  • Director reappointment, Willy Vanden Poel (director)
  • Director reappointment, Fidimec (director)
  • Permanent representative, André Vinck
  • Director reappointment, Almaser (director)
  • Permanent representative, Bruno Denys
02-01
State Gazette act Statutes amendment · Resignations & appointments
Statutes amendment · Share issue · Capital increase10 facts ▸
  • General meeting, 15/12/2008
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Share issue, 750000, naakte warrants
  • Capital increase
  • Statutes amendment
  • Waiver preemption rights, Opheffing voorkeurrecht bestaande aandeelhouders ten gunste van personeel en CEO voor uitgifte warrants/kapitaalverhoging
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
11 directors, no change since 2025
Dale, Gordon
Sole director · since 13-03-2025
Current
THIBAUT, Philippe Auguste Maurice René
Director · since 28-02-2024
Current
ALMASER
Director · since 22-12-2023 · Private limited company · perm. rep.: Carl Van Hool
Current
LUPIO
Director · since 22-12-2023 · Private limited company · perm. rep.: Bart Luyten
Current
Yvan Jansen Consulting
Independent director · since 22-12-2023 · Private limited company · perm. rep.: Yvan Jansen
Current
ADP Vision BVBA
Verantwoordelijke voor het dagelijks bestuur · since 20-01-2014 · Legal entity · perm. rep.: Antoon De Proft
Current
5 other directors
Almaser
Director · since 18-05-2005 · Legal entity · perm. rep.: Bruno Denys
Not recently confirmed
RVD Securitles NV
Gecoöpteerde onafhankelijke bestuurder · since 17-05-2016 · Legal entity · perm. rep.: Erwin Vandendriessche
Not recently confirmed
imec
Director · since 16-05-2011 · Legal entity · perm. rep.: André Vinck
Not recently confirmed
Fidimec
Director · since 18-05-2005 · Legal entity · perm. rep.: André Vinck
Not recently confirmed
Stefaan Nicolay
Chair of the board · since 18-05-2005
Not recently confirmed
13-03-2025 Dale, Gordon: Appointed as Sole director
13-03-2025 ADP Vision BV: Resigned as Day-to-day manager
13-03-2025 ALMASER BV: Resigned as Director
13-03-2025 André OOSTERLINCK: Resigned as Director
13-03-2025 Antoon DE PROFT: Resigned as Director
Full history in the Timeline (43 changes) →
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2016
establishment approximate The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Interleuvenlaan 153001 Leuven
Ground area
2.1 ha
Building footprint
1,688 m²
Volume, LiDAR
23,763 m³
Parcel 24514C0073/00E000, Flanders · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Septentrio
Interleuvenlaan 15 I, 3001 LeuvenManufacture of electrical equipment
since 20162.250.294.387
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24514C0073/00E000 Flanders 2.1 ha 1 · 1,688 m² 17.3 m · 5 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Statutory auditor

2 auditors
BV PwC BedrijfsrevisorenCurrent
Statutory auditor
30-10-2025 → present
Vincent Slembrouck BVCurrent
Statutory auditor · represented by Vincent Slembrouck
30-10-2025 → present
Show 4 earlier auditors
Ernst & Young Bedrijfsrevisoren
Statutory auditor · represented by Naessens Eef
succeeded by EY Bedrijfsrevisoren BV in 2024
11-08-2020 → 13-09-2024
EY Bedrijfsrevisoren BV
Auditor · represented by Eef Naessens
succeeded by BV PwC Bedrijfsrevisoren in 2025
13-09-2024 → 30-10-2025
KPMG Bedrijfsrevisoren
Statutory auditor
succeeded by Ernst & Young Bedrijfsrevisoren in 2020
12-06-2015 → 11-08-2020
KPMG Bedrijfsrevisoren CVBA
Commissaris revisor · represented by Raf Cox
succeeded by KPMG Bedrijfsrevisoren in 2015
11-01-2013 → 12-06-2015

Articles of association

Purpose
Het ontwerp, de ontwikkeling en de commercialisering van satellietnavigatieapparatuur en –technologie. De vennootschap mag alle roerende en onroerende goederen, materialen en…
Full purpose

Het ontwerp, de ontwikkeling en de commercialisering van satellietnavigatieapparatuur en –technologie. De vennootschap mag alle roerende en onroerende goederen, materialen en benodigdheden verwerven, huren of verhuren, vervaardigen, overdragen of ruilen, en in het algemeen, alle commerciële, industriële of financiële handelingen verrichten welke rechtstreeks of onrechtstreeks in verband staan met haar voorwerp, met inbegrip van de onderaanneming in het algemeen, en de uitbating van intellectuele rechten en industriële of commerciële eigendommen die er betrekking op hebben. De vennootschap mag het bestuur en de vereffening waarnemen in alle verbonden vennootschappen, met dewelke een band van deelneming bestaat en mag alle leningen aan deze laatsten toestaan of borgstelling verstrekken voor deze vennootschappen. Zij mag bij wijze van inbreng in speciën of natura, van fusie, deelneming, financiële tussenkomst of op een andere wijze, een aandeel nemen in alle bestaande of op te richten vennootschappen of bedrijven, in België of in het buitenland, waarvan het voorwerp identiek, gelijkaardig of verwant is met het hare, of van aard is de uitoefening van haar voorwerp te bevorderen. De vennootschap mag ook alle academische taken waarnemen, lesgeven en advies- of management opdrachten vervullen voor zover deze opdrachten het voorwerp van de vennootschap rechtstreeks of onrechtstreeks of hiertoe kunnen bijdragen.

Structure & network

Connections & network

14 connected companies

Capital and shareholders

Capital over the years
  1. 15-05-2025 Capital stated in the act · 7,347,931.56 EUR
  2. 24-03-2025 Capital increase of 471,322.30 EUR · to 7,347,892.26 EUR · 2,869,000 new shares
  3. 04-03-2024 Capital stated in the act · 6,876,569.96 EUR
  4. 24-01-2023 Capital stated in the act · 6,876,569.96 EUR · 40,410,604 shares
  5. 06-05-2021 Capital increase of 104,540 EUR · to 6,878,669.96 EUR · 634,000 new shares
  6. 05-05-2020 Capital increase of 3,680 EUR · to 6,772,029.96 EUR · 23,000 new shares · in cash
  7. 18-04-2019 Capital increase of 14,400 EUR · to 6,768,349.96 EUR · 90 new shares
  8. 21-12-2018 Capital increase of 19,890 EUR · to 6,753,949.96 EUR · 117,000 new shares · in cash
Show 5 older capital entries
  1. 26-01-2018 Capital increase of 8,585 EUR · to 6,734,059.96 EUR · 50,500 new shares
  2. 20-01-2017 Capital increase of 17,000 EUR · to 6,725,474.96 EUR · 100,000 new shares · in cash
  3. 06-01-2016 Capital increase of 638,550 EUR · to 6,708,474.96 EUR · in cash
  4. 08-07-2015 Capital increase of 638,550 EUR · to 6,069,924.96 EUR
  5. 07-11-2014 Capital increase · 5,000,000 new shares

Public money · subsidies and aid

Flemish government

2022 to 2025 · 23 entries · 330,831 EUR awarded · 331,225 EUR paid
Year Entries awardedpaid
2025 8 -5,497 EUR88,837 EUR
2024 4 24,917 EUR42,756 EUR
2023 5 41,984 EUR109,177 EUR
2022 6 269,427 EUR90,455 EUR
Schemes
Innovatiemandaat
4 entries · 160,132 EUR · 160,132 EUR paid · Fonds voor Innoveren en Ondernemen
Onderzoeksproject
5 entries · 56,574 EUR · 56,574 EUR paid · Fonds voor Innoveren en Ondernemen
Subsidies voor internationaal ondernemen
4 entries · 44,872 EUR · 44,871 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen
Vlaams opleidingsverlof (VOV)
4 entries · 38,964 EUR · 38,964 EUR paid · Departement Werk en Sociale Economie
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
4 entries · 21,963 EUR · 22,358 EUR paid · Fonds voor Innoveren en Ondernemen
Show 1 more
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
2 entries · 8,326 EUR · 8,326 EUR paid · Departement Werk en Sociale Economie

European research

11 projects · 3 as coordinator · 2,049,938 EUR EU contribution
Programmes
Seventh Framework Programme
9 entries · 1,813,151 EUR
Horizon 2020
2 entries · 236,787 EUR
Projects
Small Aircraft Future Avionics Architecture
Seventh Framework Programme · participant · 01-04-2008 to 31-07-2012 · 483,220 EUR · SAFAR
Design of Advanced Antenna and Multi-Sensor Hybrid Receiver for Machine Control in Harsh Environment
Seventh Framework Programme · coordinator · 01-12-2011 to 28-02-2014 · 425,221 EUR · ADVANSYS
Concept for Ionospheric-Scintillation Mitigation for Professional GNSS in Latin America
Seventh Framework Programme · coordinator · 15-02-2010 to 14-02-2012 · 189,132 EUR · CIGALA
Study of Innovative GNSS Multiconstellation Algorithms
Seventh Framework Programme · participant · 01-11-2009 to 31-10-2013 · 185,504 EUR · SIGMA
Handheld device with innovative compact antenna for professional GNSS applications
Seventh Framework Programme · coordinator · 04-01-2012 to 03-10-2013 · 169,689 EUR · Handheld
Show 6 more projects
LIVESAILING FOR PROFESSIONALS
Seventh Framework Programme · participant · 01-01-2010 to 31-12-2011 · 153,948 EUR · LS4P
Rolling Out OSNMA for the secure synchronization of Telecom networks.
Horizon 2020 · participant · 01-11-2020 to 31-07-2022 · 124,687 EUR · ROOT
Building European Links toward South East Asia in the field of GNSS
Horizon 2020 · participant · 01-06-2015 to 31-05-2018 · 112,100 EUR · BELS
Integrated Interferometry and GNSS for Precision Survey
Seventh Framework Programme · participant · 01-01-2010 to 30-11-2011 · 77,336 EUR · I2GPS
Galileo Localization for Railway Operation Innovation
Seventh Framework Programme · participant · 01-01-2012 to 30-06-2014 · 76,226 EUR · GaLoROI
Application of an unmanned surface vessel with ultrasonic, environmentally friendly system to (map and) control blue-green algae (Cyanobacteria)
Seventh Framework Programme · participant · 01-01-2014 to 30-06-2016 · 52,875 EUR · DRONIC

Recognitions · licences · registrations

Legal Entity Identifier

549300ZBYWG5KKHA3C74
live in the LEI register

Similar companies · same sector, comparable size

Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 188 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded25-01-2000
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.