What does OYSTERSHELL do?

OYSTERSHELL is a research organisation in Merelbeke-Melle. Public Limited, started on 23 August 1979, 1 establishment.

What is the address of OYSTERSHELL?

The registered office of OYSTERSHELL is located at Nijverheidsweg 10, 9820 Merelbeke-Melle.

Is OYSTERSHELL still active?

Yes. According to the CBE (29 October 2026) OYSTERSHELL is active, legal situation “Normale toestand”, started on 23 August 1979.

Is OYSTERSHELL registered on Peppol?

Yes, OYSTERSHELL is registered on the Peppol network with ID 0208:0419652979.

What is the enterprise number of OYSTERSHELL?

The enterprise number of OYSTERSHELL is BE0419652979.

When was OYSTERSHELL founded?

OYSTERSHELL was founded on 23 August 1979.

Who are the directors of OYSTERSHELL?

According to the 2025 annual accounts, the directors of OYSTERSHELL are: CEWE Consult BV, Lady Log BV, Pepperstreet Capital BV.

Is OYSTERSHELL a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 23 August 1979; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did OYSTERSHELL make in 2025?

OYSTERSHELL posted a profit after taxes of € 5,771,960 in financial year 2025.

What is the revenue of OYSTERSHELL?

In its most recent annual accounts (2025), OYSTERSHELL reported revenue of € 39,811,070.

How much does an employee at OYSTERSHELL earn?

The average wage cost per full-time employee at OYSTERSHELL was € 120,300 in 2025: staff costs of € 4.5 million for 37.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does OYSTERSHELL have?

According to the 2025 annual accounts, OYSTERSHELL has 37.6 full-time equivalents (FTE).

OYSTERSHELL (Public Limited) - Merelbeke-Melle

Dossier OYSTERSHELL, printed on 29 October 2026 from databakkes.be/en/0419652979/oystershell. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

OYSTERSHELL from Merelbeke-Melle, company number BE0419652979, closed financial year 2025 with a result of € 5.8 million after tax. For that financial year OYSTERSHELL recorded revenue of € 39.8 million and equity of € 15.1 million. Compared with financial year 2024, the result moved from € 6.5 million to € 5.8 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.

What it is worth Growing

€ 15.1 million

▲ 62% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 5.8 million

▼ 11% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 8.4 million

▼ 1% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 14.2 million.

People and assets in 2025

Full-time equivalents

37.6

▲ 2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 7.7 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 4.5 million

▲ 2% vs 2024

€ 120,300 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.

Vehicles and equipment

€ 76,190

▼ 4% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 6.6 million

▼ 24% vs 2024

€ 2.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 5.9 million

▼ 15% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 77 days on average.

Taxes and wages

€ 794,287

▲ 9% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 31,514,180 Revenue 2022: € 31,514,180 First fiscal year in the series	€ 38,043,445 Revenue 2023: € 38,043,445 ▲ 21% vs 2022 (€ 31,514,180) Favourable step	€ 39,384,638 Revenue 2024: € 39,384,638 ▲ 4% vs 2023 (€ 38,043,445) Favourable step	€ 39,811,070 Revenue 2025: € 39,811,070 ▲ 1% vs 2024 (€ 39,384,638) Favourable step	▲ 1%
Profit after taxes	€ 5,846,517 Profit after taxes 2022: € 5,846,517 First fiscal year in the series	€ 5,312,932 Profit after taxes 2023: € 5,312,932 ▼ 9% vs 2022 (€ 5,846,517) Unfavourable step	€ 6,501,263 Profit after taxes 2024: € 6,501,263 ▲ 22% vs 2023 (€ 5,312,932) Favourable step	€ 5,771,960 Profit after taxes 2025: € 5,771,960 ▼ 11% vs 2024 (€ 6,501,263) Unfavourable step	▼ 11%
Equity	€ 6,469,187 Equity 2022: € 6,469,187 First fiscal year in the series	€ 2,782,119 Equity 2023: € 2,782,119 ▼ 57% vs 2022 (€ 6,469,187) Unfavourable step	€ 9,283,382 Equity 2024: € 9,283,382 ▲ 234% vs 2023 (€ 2,782,119) Favourable step	€ 15,055,342 Equity 2025: € 15,055,342 ▲ 62% vs 2024 (€ 9,283,382) Favourable step	▲ 62%
Total debts	€ 15,981,784 Total debts 2022: € 15,981,784 First fiscal year in the series	€ 27,203,568 Total debts 2023: € 27,203,568 ▲ 70% vs 2022 (€ 15,981,784) Unfavourable step	€ 22,049,723 Total debts 2024: € 22,049,723 ▼ 19% vs 2023 (€ 27,203,568) Favourable step	€ 17,684,279 Total debts 2025: € 17,684,279 ▼ 20% vs 2024 (€ 22,049,723) Favourable step	▼ 20%
Cash	€ 3,093,252 Cash 2022: € 3,093,252 First fiscal year in the series	€ 3,201,583 Cash 2023: € 3,201,583 ▲ 4% vs 2022 (€ 3,093,252) Favourable step	€ 8,458,890 Cash 2024: € 8,458,890 ▲ 164% vs 2023 (€ 3,201,583) Favourable step	€ 8,378,009 Cash 2025: € 8,378,009 ▼ 1% vs 2024 (€ 8,458,890) Unfavourable step	▼ 1%
Land & buildings	€ 2,784,852 Land & buildings 2022: € 2,784,852 First fiscal year in the series	€ 2,704,512 Land & buildings 2023: € 2,704,512 ▼ 3% vs 2022 (€ 2,784,852) Unchanged	€ 2,624,172 Land & buildings 2024: € 2,624,172 ▼ 3% vs 2023 (€ 2,704,512) Unchanged	€ 2,543,833 Land & buildings 2025: € 2,543,833 ▼ 3% vs 2024 (€ 2,624,172) Unchanged	▼ 3%
Retained profit	€ 5,606,641 Retained profit 2022: € 5,606,641 First fiscal year in the series	€ 1,919,573 Retained profit 2023: € 1,919,573 ▼ 66% vs 2022 (€ 5,606,641) Unfavourable step	€ 8,420,836 Retained profit 2024: € 8,420,836 ▲ € 6.5 million vs 2023 (€ 1,919,573) Favourable step	€ 14,192,796 Retained profit 2025: € 14,192,796 ▲ 69% vs 2024 (€ 8,420,836) Favourable step	▲ 69%
Dividend	€ 5,500,000 Dividend 2022: € 5,500,000 First fiscal year in the series	€ 9,000,000 Dividend 2023: € 9,000,000 ▲ 64% vs 2022 (€ 5,500,000) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 9,000,000) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 6,523,201 Bank debt 2022: € 6,523,201 First fiscal year in the series	€ 8,739,574 Bank debt 2023: € 8,739,574 ▲ 34% vs 2022 (€ 6,523,201) Unfavourable step	€ 8,578,210 Bank debt 2024: € 8,578,210 ▼ 2% vs 2023 (€ 8,739,574) Favourable step	€ 6,555,620 Bank debt 2025: € 6,555,620 ▼ 24% vs 2024 (€ 8,578,210) Favourable step	▼ 24%
Balance sheet total	€ 22,450,971 Balance sheet total 2022: € 22,450,971 First fiscal year in the series	€ 29,985,687 Balance sheet total 2023: € 29,985,687 ▲ 34% vs 2022 (€ 22,450,971) Unchanged	€ 31,333,105 Balance sheet total 2024: € 31,333,105 ▲ 4% vs 2023 (€ 29,985,687) Unchanged	€ 32,739,622 Balance sheet total 2025: € 32,739,622 ▲ 4% vs 2024 (€ 31,333,105) Unchanged	▲ 4%
Employees (FTE)	33 Employees (FTE) 2022: 33 First fiscal year in the series	32.7 Employees (FTE) 2023: 32.7 ▼ 0.3 vs 2022 (33) Unchanged	35.6 Employees (FTE) 2024: 35.6 ▲ 2.9 vs 2023 (32.7) Unchanged	37.6 Employees (FTE) 2025: 37.6 ▲ 2 vs 2024 (35.6) Unchanged	▲ 2

Key figures of OYSTERSHELL, 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 OYSTERSHELL?

What happened at OYSTERSHELL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Pepperstreet Capital BV stepped down as director. NBB
2027 CEWE Consult BV stepped down as director. NBB
2027 Lady Log BV stepped down as director. NBB
Jul 9, 2026 New annual accounts for financial year 2025: profit of € 5.8 million (▼ 11% vs 2024). Source: NBB ↗
2023 Lady Log BV became a director. NBB
2022 CEWE Consult BV became a director. NBB
2017 Pepperstreet Capital BV became a director. NBB
Aug 23, 1979 New establishment in Merelbeke-Melle. KBO

In short

From € 5.8 million profit in 2022 to € 5.8 million profit in 2025.

Paid € 922,779 in corporate taxes since 2022.

Best year ever: 2024, with € 6.5 million profit.

Paid out € 14.5 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Innovation HoldCo I NV 100%

Tatra Acquisition BV 0%

OYSTERSHELL

The shares are held by Innovation HoldCo I NV (100%) and Tatra Acquisition BV (0%).

Directors

According to the 2025 annual accounts

CEWE Consult BV

Director · represented by Wim Cosyns

since 2022 · until 2027

Lady Log BV

Director · represented by Soetkin Borryn

since 2023 · until 2027

Pepperstreet Capital BV

Director · represented by Bart Rossel

Also active at: Innovation HoldCo I, Plinius Labs

since 2017 · until 2029

Shareholders

Innovation HoldCo I NV

100%

Tatra Acquisition BV

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Nijverheidsweg 10

9820 Merelbeke-Melle

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 →

Innovation HoldCo I same network

€ 1.6 million revenue · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0419.652.979

VAT number

BE 0419.652.979

Registered office

Nijverheidsweg 10, 9820 Merelbeke-Melle

Names & denominations

OYSTERSHELL

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

23 August 1979

Peppol

Active · Active since 2 Dec 2025

Activities · NACE

Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied

View on CBE Public ↗ Annual accounts (NBB) ↗

OYSTERSHELL

Financials

What happened to OYSTERSHELL?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions