What does SEA-HORSE do?

SEA-HORSE is a farm in Sint-Martens-Latem. Private Limited, started on 31 January 1986, 1 establishment.

What is the address of SEA-HORSE?

The registered office of SEA-HORSE is located at Voldershof 17, 9831 Sint-Martens-Latem.

Is SEA-HORSE still active?

Yes. According to the CBE (29 October 2026) SEA-HORSE is active, legal situation “Normale toestand”, started on 31 January 1986.

Is SEA-HORSE registered on Peppol?

Yes, SEA-HORSE is registered on the Peppol network with ID 0208:0428334380.

What is the enterprise number of SEA-HORSE?

The enterprise number of SEA-HORSE is BE0428334380.

When was SEA-HORSE founded?

SEA-HORSE was founded on 31 January 1986.

Who are the directors of SEA-HORSE?

According to the 2025 annual accounts, the directors of SEA-HORSE are: Wilfried Reynaert.

Is SEA-HORSE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 31 January 1986; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did SEA-HORSE make in 2025?

SEA-HORSE recorded a loss after taxes of € 308,660 in financial year 2025.

What is the revenue of SEA-HORSE?

As a small company, SEA-HORSE is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -138,400.

How much does an employee at SEA-HORSE earn?

The average wage cost per full-time employee at SEA-HORSE was € 35,700 in 2024: staff costs of € 107,095 for 3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

SEA-HORSE (Private Limited) - Sint-Martens-Latem

Dossier SEA-HORSE, printed on 29 October 2026 from databakkes.be/en/0428334380/sea-horse. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

SEA-HORSE from Sint-Martens-Latem, company number BE0428334380, closed financial year 2025 with a result of € -308,660 after tax. For that financial year SEA-HORSE recorded a gross margin of € -138,400 and equity of € 2.3 million. Compared with financial year 2024, the result moved from € -1.1 million to € -308,660. 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 September 30, 2026.

What it is worth Healthy

€ 2.3 million

▼ 12% vs 2024

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

Loss Caution

€ -308,660

▲ 72 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 13,933

▼ 65% vs 2024

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -2 million.

People and assets in 2025

Wage cost

€ 125,752

▲ 17% vs 2024

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

€ 3,502

▼ 17% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 36,522

▲ € 29,305 vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 10,200

▲ 23% 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
Gross margin	€ 126,308 Gross margin 2022: € 126,308 First fiscal year in the series	€ -71,586 Gross margin 2023: € -71,586 ▼ € 197,894 vs 2022 (€ 126,308) Unfavourable step	€ -966,857 Gross margin 2024: € -966,857 ▼ € 895,271 vs 2023 (€ -71,586) Unfavourable step	€ -138,400 Gross margin 2025: € -138,400 ▲ € 828,457 vs 2024 (€ -966,857) Favourable step	▲ € 828,457
Profit after taxes	€ -1,558,779 Profit after taxes 2022: € -1,558,779 First fiscal year in the series	€ -182,164 Profit after taxes 2023: € -182,164 ▲ € 1.4 million vs 2022 (€ -1,558,779) Favourable step	€ -1,113,661 Profit after taxes 2024: € -1,113,661 ▼ € 931,497 vs 2023 (€ -182,164) Unfavourable step	€ -308,660 Profit after taxes 2025: € -308,660 ▲ € 805,001 vs 2024 (€ -1,113,661) Favourable step	▲ € 805,001
Equity	€ 2,869,879 Equity 2022: € 2,869,879 First fiscal year in the series	€ 3,712,394 Equity 2023: € 3,712,394 ▲ 29% vs 2022 (€ 2,869,879) Favourable step	€ 2,598,733 Equity 2024: € 2,598,733 ▼ 30% vs 2023 (€ 3,712,394) Unfavourable step	€ 2,290,073 Equity 2025: € 2,290,073 ▼ 12% vs 2024 (€ 2,598,733) Unfavourable step	▼ 12%
Total debts	€ 1,046,571 Total debts 2022: € 1,046,571 First fiscal year in the series	€ 688,169 Total debts 2023: € 688,169 ▼ 34% vs 2022 (€ 1,046,571) Favourable step	€ 1,338,663 Total debts 2024: € 1,338,663 ▲ 95% vs 2023 (€ 688,169) Unfavourable step	€ 1,430,104 Total debts 2025: € 1,430,104 ▲ 7% vs 2024 (€ 1,338,663) Unfavourable step	▲ 7%
Cash	€ 130,967 Cash 2022: € 130,967 First fiscal year in the series	€ 53,462 Cash 2023: € 53,462 ▼ 59% vs 2022 (€ 130,967) Unfavourable step	€ 39,347 Cash 2024: € 39,347 ▼ 26% vs 2023 (€ 53,462) Unfavourable step	€ 13,933 Cash 2025: € 13,933 ▼ 65% vs 2024 (€ 39,347) Unfavourable step	▼ 65%
Land & buildings	€ 2,039,849 Land & buildings 2022: € 2,039,849 First fiscal year in the series	€ 2,024,673 Land & buildings 2023: € 2,024,673 ▼ 1% vs 2022 (€ 2,039,849) Unchanged	€ 2,006,437 Land & buildings 2024: € 2,006,437 ▼ 1% vs 2023 (€ 2,024,673) Unchanged	€ 2,065,239 Land & buildings 2025: € 2,065,239 ▲ 3% vs 2024 (€ 2,006,437) Unchanged	▲ 3%
Retained profit	€ -364,840 Retained profit 2022: € -364,840 First fiscal year in the series	€ -547,004 Retained profit 2023: € -547,004 ▼ € 182,164 vs 2022 (€ -364,840) Unfavourable step	€ -1,660,666 Retained profit 2024: € -1,660,666 ▼ € 1.1 million vs 2023 (€ -547,004) Unfavourable step	€ -1,969,326 Retained profit 2025: € -1,969,326 ▼ € 308,660 vs 2024 (€ -1,660,666) Unfavourable step	▼ € 308,660
Balance sheet total	€ 3,916,451 Balance sheet total 2022: € 3,916,451 First fiscal year in the series	€ 4,400,563 Balance sheet total 2023: € 4,400,563 ▲ 12% vs 2022 (€ 3,916,451) Unchanged	€ 3,937,396 Balance sheet total 2024: € 3,937,396 ▼ 11% vs 2023 (€ 4,400,563) Unchanged	€ 3,720,177 Balance sheet total 2025: € 3,720,177 ▼ 6% vs 2024 (€ 3,937,396) Unchanged	▼ 6%
Employees (FTE)	2 Employees (FTE) 2022: 2 First fiscal year in the series	2.2 Employees (FTE) 2023: 2.2 ▲ 0.2 vs 2022 (2) Unchanged	3 Employees (FTE) 2024: 3 ▲ 0.8 vs 2023 (2.2) Unchanged	-

Key figures of SEA-HORSE, 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 SEA-HORSE?

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

Sep 30, 2026 New annual accounts for financial year 2025: loss of € 308,660. filed late Source: NBB ↗
2023 Wilfried Reynaert became a director. NBB
Feb 6, 1986 New establishment in Sint-Martens-Latem. KBO
Jan 31, 1986 Start of the company according to the CBE. KBO

In short

From € 1.6 million loss in 2022 to € 308,660 loss in 2025.

Paid € 5,542 in corporate taxes since 2022.

On average € 63,200 of value added per employee in 2022.

Original PDFs at the National Bank ↗

Management

Wilfried Reynaert

SEA-HORSE

Primrose Medinvest 38.8%

Primrose laboratories 33%

Behind SEA-HORSE is Wilfried Reynaert. It owns 38.8% of Primrose Medinvest and 33% of Primrose laboratories itself.

Directors

According to the 2025 annual accounts

Wilfried Reynaert

Director

Also active at: Lalemant, COMPAGNIE BELGE DE MANUTENTION, DFDS Belgium, Charterra, WR Management & Consulting

since 2023

Establishments

Establishment units

Physical locations of this company

Registered office

Voldershof 17

9831 Sint-Martens-Latem

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

Details

Company number

0428.334.380

VAT number

BE 0428.334.380

Registered office

Voldershof 17, 9831 Sint-Martens-Latem

Names & denominations

SEA-HORSE

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

31 January 1986

Peppol

Active · Active since 19 Sept 2025

Activities · NACE

Fokken en houden van paarden en andere paardachtigen

Schapen-, geiten-, paarden-, ezel-, muildieren- of muilezelhouderij

View on CBE Public ↗ Annual accounts (NBB) ↗

SEA-HORSE

Warning lights

Financials

What happened to SEA-HORSE?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions