Financials
Financial year 2025
SQUATINA from Oostende, company number BE0418015857, closed financial year 2025 with a result of € -399,044 after tax. For that financial year SQUATINA recorded revenue of € 17.3 million and equity of € 30.9 million. Compared with financial year 2024, the result moved from € 61,312 to € -399,044. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 4, 2026.
€ 30.9 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -399,044
▼ still € 61,312 profit in 2024
Profit after tax over the fiscal year.
€ 1.3 million
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
201.1
▼ 8.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 14.7 million
€ 73,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 644,785
▼ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 752,004
▲ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 44 days on average.
€ 2.6 million
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,057,922 | € 15,328,505 | € 16,463,067 | € 17,323,807 | ▲ 5% |
| Profit after taxes | € -593,079 | € 22,773 | € 61,312 | € -399,044 | ▼ € 460,356 |
| Equity | € 15,646,577 | € 15,669,350 | € 31,314,414 | € 30,915,370 | ▼ 1% |
| Total debts | € 2,808,802 | € 3,599,100 | € 3,461,809 | € 3,429,501 | ▼ 1% |
| Cash | € 1,713,389 | € 1,621,291 | € 1,568,054 | € 1,344,712 | ▼ 14% |
| Land & buildings | - | - | € 14,695,356 | € 14,122,074 | ▼ 4% |
| Retained profit | € 1,712,125 | € 1,734,898 | € 2,095,143 | € 1,696,099 | ▼ 19% |
| Balance sheet total | € 20,509,025 | € 20,510,908 | € 35,381,686 | € 34,344,871 | ▼ 3% |
| Employees (FTE) | 185.9 | 198.2 | 209.7 | 201.1 | ▼ 8.6 |
Key figures of SQUATINA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SQUATINA?
What happened at SQUATINA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 399,044 (▼ € 460,356 vs 2024). Source: NBB ↗
- Benny VANDER CRUYSSEN stepped down as director. NBB
- Sarah DEGRYSE became a director. NBB
- Bart De Bock stepped down as director. NBB
- Mario De Prince stepped down as director. NBB
- Ann VERSCHINGEL became a director. NBB
- Daisy RYCKX became a director. NBB
- An CASTELEYN became a director. NBB
In short
From € 593,079 loss in 2022 to € 399,044 loss in 2025.
Paid € 605,172 in corporate taxes since 2022.
Best year ever: 2024, with € 61,312 profit.
Pays suppliers within 44 days on average.
Management
Behind SQUATINA are Dirk LALEMAN, Beatrijs UYTTENHOVE, Ann VERSCHINGEL, Daisy RYCKX, Geert DESCAMPS and Pieter BILLIET. Daisy RYCKX is also behind Participo CM West-Vlaanderen.
Directors
According to the 2025 annual accounts
Dirk LALEMAN
Director
since 2013
Beatrijs UYTTENHOVE
Director
since 2021
Ann VERSCHINGEL
Director
since 2024
since 2024
since 2018
since 2021
An CASTELEYN
Director
Also active at: Haven Oostende, Sociaal Ondernemen en Sociale Beweging CM-regio West-Vlaanderen, BEWESOL, Volkszorg Oostende-Veurne-Diksmuide, Het Wit-Gele Kruis van West-Vlaanderen, WSM, Participo CM West-Vlaanderen, Samana, vereniging zonder winstoogmerk +3 more
since 2024
Fernand JONCKHEERE
Director
since 2013
Bertrand PEIRSEGAELE
Director
Also active at: Participo West-Vlaanderen, ADL CLUSTER OOSTENDE, Algemeen Ziekenhuis Oostende
since 2013
Freddy VERCOUTER
Director
since 1999
Bertrand LEJEUNE
Director
since 2004
Geert VANSTEENKISTE
Director
since 2011
Lisette PITTELJON
Director
since 2018
since 2025
Bart De Bock
Director
since 2021 · until 2025
Benny VANDER CRUYSSEN
Director
since 2024 · until 2026
since 2022 · until 2025
Establishments
Establishment units
Physical locations of this company
Nachtegalenlaan 38
8400 Oostende
Duinenweg 390
8430 Middelkerke
Active since 20 March 2006
Cirkelstraat 2-6
8400 Oostende
Active since 1 January 2016
Vlamingdam 34
8000 Brugge
Active since 1 January 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
Website info
Features
Security
Details
- Company number
- 0418.015.857
- VAT number
- BE 0418.015.857
- Registered office
- Nachtegalenlaan 38, 8400 Oostende
- Names & denominations
- SQUATINA
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 29 December 1977
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- squatina.be
- Activities · NACE
Rust- en verzorgingstehuizen (RVT)