Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
SEA & SKI from Kortrijk, company number BE0425531476, closed financial year 2026 with a result of € -10,811 after tax. For that financial year SEA & SKI recorded a gross margin of € 164,125 and equity of € 184,820. Compared with financial year 2025, the result moved from € -34,332 to € -10,811. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 30, 2026.
€ 184,820
▼ 36% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,811
▲ 69 % less loss than in 2025
Profit after tax over the fiscal year.
€ 5,743
▼ 44% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 144,820.
People and assets in 2026
€ 125,108
▲ 3% vs 2025
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,624
▼ 29% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 312,388
▲ 3% vs 2025
Loans from banks and other lenders, long and short.
€ 72,229
▼ 37% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 30,822
▲ 3% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 142,022 | € 156,745 | € 130,953 | € 164,125 | ▲ 25% |
| Profit after taxes | € -778 | € 328 | € -34,332 | € -10,811 | ▲ € 23,521 |
| Equity | € 324,403 | € 324,731 | € 290,399 | € 184,820 | ▼ 36% |
| Total debts | € 298,529 | € 373,963 | € 466,548 | € 439,825 | ▼ 6% |
| Cash | € 47,341 | € 26,365 | € 10,305 | € 5,743 | ▼ 44% |
| Retained profit | € 284,403 | € 284,731 | € 250,399 | € 144,820 | ▼ 42% |
| Dividend | € 49,500 | € 0 | € 0 | € 94,768 | |
| Bank debt | € 157,154 | € 267,195 | € 303,091 | € 312,388 | ▲ 3% |
| Balance sheet total | € 622,932 | € 698,693 | € 756,947 | € 624,645 | ▼ 17% |
| Employees (FTE) | 2.1 | 2.1 | - | - |
Key figures of SEA & SKI, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to SEA & SKI?
What happened at SEA & SKI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 10,811. Source: NBB ↗
- Philip Seynaeve became a director. NBB
- New establishment in Kortrijk. KBO
- New establishment in Kortrijk. KBO
- New establishment in Kortrijk. KBO
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 778 loss in 2023 to € 10,811 loss in 2026.
Paid € 5,244 in corporate taxes since 2023.
Best year ever: 2024, with € 328 profit.
On average € 74,600 of value added per employee in 2024.
Management
Behind SEA & SKI is Philip Seynaeve.
Directors
According to the 2026 annual accounts
Philip Seynaeve
Director
since 2005
Establishments
Establishment units
Physical locations of this company
Veemarkt(Kor) 4
8500 Kortrijk
Veemarkt(Kor) 2
8500 Kortrijk
Active since 1 April 1984
Veemarkt(Kor) 25
8500 Kortrijk
Active since 14 November 1991
Veemarkt(Kor) 6
8500 Kortrijk
Active since 14 November 1991
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0425.531.476
- VAT number
- BE 0425.531.476
- Registered office
- Veemarkt(Kor) 4, 8500 Kortrijk
- Names & denominations
- SEA & SKI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 March 1984
- Peppol
- Active · Active since 21 Oct 2025
- Activities · NACE
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