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TRUE NORTH VALUE

Active
Private limited companyfounded 2023active for 3 yearsJutestraat 13, 9900 Eeklo, BelgiumKBO/BCE: BE 0800.033.531
Summary

TRUE NORTH VALUE has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €45,546 and a net result of €40,546. Its solvency ranks better than 29% of 37,592 sector peers (NACE 70, financial year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Risk analysisFollow ReportCompare
TRUE NORTH VALUEActiveChecked score 67/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200
1 site
Size
€416,219turnover 2024
Equity
€45,546
Profit
€40,546
Financial health
67 Healthy Checked score 2024
Bankruptcy probabilitywithin 12 months
0.9%
Structure
2024 accounts filed 12 days late1 of 2 deeds summarised
Why 67raises riskFigures for financial year 2024 (filed 14-08-2025)Founded in 2023lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 1.11, cash €29,954Show the evidence

Checked score

Score 2024
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 46% of its sector peers (NACE 70, micro)
Every signal that counts is listed under Signals.
Financial strength
Strong
Solvency 57
equity 32.0% of total assets
Liquidity 41
short-term debt 65.7% · cash 21.1%
Profitability 100
return on assets 28.5%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,443 companies, NACE 70, micro)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.6%▲ +0.1 percentage points vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.1%▼ -0.5 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.2%▲ +0.1 percentage points vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.1 percentage points vs 07-2026 09-2026: 0.5%▲ +0.2 percentage points vs 08-2026 10-2026: 0.9%▲ +0.4 percentage points vs 09-2026highest value
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.11, below the usual 1.5; short-term debt: 65.7% and cash: 21.1% of total assets), and 68% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 70, micro): better than 32% on solvency, 21% on liquidity and 84% on profitability.

The bankruptcy probability was computed on 26-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Figures for financial year 2024 (filed 14-08-2025)
NBB · annual accounts
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 1.11, cash €29,954
NBB · annual accounts
raises risk · 2024 accounts filed 12 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2024
12 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 12 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Appointment: Elisa Maenhout (director)Gazette deed

Key points

  • One director decidessole director in office 1 View
  • Turnover 2024first financial year filed €416,219 View
  • Active since 2023founded 28-03-2023 3 years View

By topic

Financials

Financial year
2024
Turnover
€416,219
Profit
€40,546
Solvency
32.0%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Business and other management consultancyNACE 70200
Founded
28-03-2023
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about TRUE NORTH VALUE

What is the company number of TRUE NORTH VALUE?
0800.033.531. In Belgium the VAT number is the company number with BE in front: BE 0800.033.531.
Where is TRUE NORTH VALUE based?
The registered office is at Jutestraat 13, 9900 Eeklo.Company details
What does TRUE NORTH VALUE do?
According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of TRUE NORTH VALUE?
Private limited company (BV).
When was TRUE NORTH VALUE founded?
On 28-03-2023.
Is TRUE NORTH VALUE still active?
Yes, TRUE NORTH VALUE is an active enterprise in the KBO register.
What is the turnover of TRUE NORTH VALUE?
€416,219 in financial year 2024, according to the filed annual accounts.Financials
Is TRUE NORTH VALUE profitable?
In financial year 2024, TRUE NORTH VALUE made a profit of €40,546.
Where can I find the annual accounts of TRUE NORTH VALUE?
TRUE NORTH VALUE filed 1 annual account with the National Bank of Belgium, for financial year 2024.

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