Financials
Financial year 2025
NORTH SEA BOATING from Blankenberge, company number BE0418305669, closed financial year 2025 with a result of € 107,767 after tax. For that financial year NORTH SEA BOATING recorded a gross margin of € 447,672 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 181,236 to € 107,767. The company is profitable. 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 July 28, 2026.
€ 1.2 million
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 107,767
▼ 41% vs 2024
Profit after tax over the fiscal year.
€ 363,898
▼ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 375,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
3.3
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 241,790
▲ 2% vs 2024
€ 73,300 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.
€ 28,812
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 23,590
▼ 43% vs 2024
€ 14,566 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 126,799
▲ 189% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 41,628
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 635,537 | € 247,437 | € 562,524 | € 447,672 | ▼ 20% |
| Profit after taxes | € 281,675 | € 25,695 | € 181,236 | € 107,767 | ▼ 41% |
| Equity | € 1,244,794 | € 1,270,489 | € 1,451,725 | € 1,184,492 | ▼ 18% |
| Total debts | € 686,353 | € 532,960 | € 422,049 | € 736,786 | ▲ 75% |
| Cash | € 391,093 | € 173,497 | € 457,461 | € 363,898 | ▼ 20% |
| Land & buildings | € 49,172 | € 33,219 | € 17,265 | € 1,311 | ▼ 92% |
| Retained profit | € 1,226,194 | € 1,251,889 | € 1,433,125 | € 1,165,892 | ▼ 19% |
| Dividend | € 0 | € 0 | € 0 | € 375,000 | |
| Bank debt | € 77,145 | € 59,522 | € 41,671 | € 23,590 | ▼ 43% |
| Balance sheet total | € 1,931,147 | € 1,803,449 | € 1,873,774 | € 1,921,278 | ▲ 3% |
| Employees (FTE) | 2.5 | 2.3 | 3.2 | 3.3 | ▲ 0.1 |
Key figures of NORTH SEA BOATING, 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 NORTH SEA BOATING?
What happened at NORTH SEA BOATING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 107,767 (▼ 41% vs 2024). Source: NBB ↗
- New establishment in Blankenberge. KBO
- Start of the company according to the CBE. KBO
In short
From € 281,675 profit in 2022 to € 107,767 profit in 2025.
Paid € 204,525 in corporate taxes since 2022.
Best year ever: 2022, with € 281,675 profit.
On average € 135,700 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Boatservice Blankenberge comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NORTH SEA BOATINGBehind NORTH SEA BOATING is Boatservice Blankenberge BV. The shares are held by Boatservice Blankenberge (100%).
Directors
According to the 2025 annual accounts
Director · represented by Steven Degroote
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Wenduinse Steenweg 12
8370 Blankenberge
Wenduinse Steenweg 8-12
8370 Blankenberge
Active since 24 March 1993
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Details
- Company number
- 0418.305.669
- VAT number
- BE 0418.305.669
- Registered office
- Wenduinse Steenweg 12, 8370 Blankenberge
- Names & denominations
- NORTH SEA BOATING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 April 1978
- Peppol
- Active · Active since 10 Dec 2025
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