Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Seagull Decor from Antwerpen, company number BE0421640093, closed financial year 2025 with a result of € 111,299 after tax. For that financial year Seagull Decor recorded a gross margin of € 1.5 million and equity of € 16.4 million. Compared with financial year 2024, the result moved from € 56,273 to € 111,299. Profitable, and profit is growing. 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 June 30, 2026.
€ 16.4 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 111,299
▲ 98% vs 2024
Profit after tax over the fiscal year.
€ 352,635
▼ 30% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 16 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 6.3 million
▼ 6% vs 2024
Of which on lease € 6.3 million.
Debts at end 2025
€ 1.9 million
▼ 18% vs 2024
€ 411,772 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1 million
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,270,499 | € 1,215,441 | € 1,781,151 | € 1,522,825 | ▼ 15% |
| Profit after taxes | € 58,601 | € 169,659 | € 56,273 | € 111,299 | ▲ 98% |
| Equity | € 16,065,248 | € 16,231,907 | € 16,290,699 | € 16,404,516 | ▲ 1% |
| Total debts | € 4,100,698 | € 3,670,019 | € 3,885,948 | € 4,778,099 | ▲ 23% |
| Cash | € 1,252,215 | € 194,829 | € 504,482 | € 352,635 | ▼ 30% |
| Land & buildings | € 4,744,827 | € 4,641,203 | € 4,470,771 | € 4,355,655 | ▼ 3% |
| Retained profit | € 15,693,408 | € 15,860,067 | € 15,918,858 | € 16,032,676 | ▲ 1% |
| Dividend | € 3,000 | € 3,000 | € 0 | € 0 | |
| Bank debt | € 3,186,406 | € 2,760,952 | € 2,340,951 | € 1,919,199 | ▼ 18% |
| Balance sheet total | € 20,605,462 | € 20,318,472 | € 20,569,428 | € 21,578,786 | ▲ 5% |
Key figures of Seagull Decor, 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 Seagull Decor?
What happened at Seagull Decor in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Industrie Hotelière et immobilière NV stepped down as director. NBB
- Joachim Debucquoy stepped down as director. NBB
- Gromabel NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 111,299 (▲ 98% vs 2024). Source: NBB ↗
- Industrie Hotelière et immobilière NV became a director. NBB
- Joachim Debucquoy became a director. NBB
- Gromabel NV became a director. NBB
- New establishment in Elsene. KBO
In short
From € 58,601 profit in 2022 to € 111,299 profit in 2025.
Paid € 180,892 in corporate taxes since 2022.
Best year ever: 2023, with € 169,659 profit.
Paid out € 6,000 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
Industrie Hotelière et immobilière NV
Managing director · represented by Jonathan Debucquoy
Also active at: Recreatiepark Klein Strand, GRONDMAATSCHAPPIJ VAN BELGIE, SBR-I, Capital Real Estate, Land Lease Company, BELGISCHE RENOVATIEMAATSCHAPPIJ
since 2023 · until 2029
Joachim Debucquoy
Managing director
Also active at: Industrie hotelière et immobilière, EXPLOITATIEMAATSCHAPPIJ MO, Kortrijkse Vinologische Club, GRONDMAATSCHAPPIJ VAN BELGIE, ZEEZICHT, COASTAL SALES COMPANY, ARCHIMEDES OOSTENDE, Secured By Bricks +22 more
since 2023 · until 2029
Managing director · represented by Jochen Debucquoy
Also active at: Industrie hotelière et immobilière, JOYCE INVEST, ZEEZICHT, ARCHIMEDES OOSTENDE, OSTEND DEVELOPMENT COMPANY, BLANKENBERGE DEVELOPMENT COMPANY, Las Brisas, European Lease and Finance Company
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Kernenergiestraat 19 box R2
2610 Antwerpen
Louizalaan 65
1050 Elsene
Active since 15 January 1992
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0421.640.093
- VAT number
- BE 0421.640.093
- Registered office
- Kernenergiestraat 19 bus R2, 2610 Antwerpen
- Names & denominations
- Seagull Decor
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 May 1981
- Peppol
- Active · Active since 27 Mar 2026