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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
20 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
NORTH SEA PROPERTIES from Nieuwpoort, company number BE0439459983, closed financial year 2025 with a result of € -99,373 after tax. For that financial year NORTH SEA PROPERTIES recorded a gross margin of € -4,931 and equity of € 161,616. Compared with financial year 2024, the result moved from € -133,289 to € -99,373. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 16, 2025.
€ 161,616
▼ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -99,373
▲ 25 % less loss than in 2024
Profit after tax over the fiscal year.
€ 594
▲ 43% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -142,384.
Debts at end 2025
€ 47,022
▼ 23% vs 2024
Loans from banks and other lenders, long and short.
€ 6,678
Supplier invoices still open on the last day of the fiscal year.
€ 16,913
▲ 287% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -27,566 | € -1,026 | € -5,933 | € -4,931 | ▲ € 1,002 |
| Profit after taxes | € -90,299 | € -93,510 | € -133,289 | € -99,373 | ▲ € 33,916 |
| Equity | € 487,789 | € 394,278 | € 260,989 | € 161,616 | ▼ 38% |
| Total debts | € 3,287,754 | € 6,233,752 | € 6,367,463 | € 6,589,978 | ▲ 3% |
| Cash | € 158 | € 30 | € 416 | € 594 | ▲ 43% |
| Retained profit | € 183,789 | € 90,278 | € -43,011 | € -142,384 | ▼ € 99,373 |
| Bank debt | € 35,606 | € 55,741 | € 60,876 | € 47,022 | ▼ 23% |
| Balance sheet total | € 3,775,543 | € 6,628,030 | € 6,628,452 | € 6,751,594 | ▲ 2% |
Key figures of NORTH SEA PROPERTIES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to NORTH SEA PROPERTIES?
What happened at NORTH SEA PROPERTIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 99,373. Source: NBB ↗
- LOUIS INVEST BV became a director. NBB
- Delphine Cloet became a director. NBB
- Heline Cloet became a director. NBB
- New establishment in Nieuwpoort. KBO
- Start of the company according to the CBE. KBO
In short
From € 90,299 loss in 2022 to € 99,373 loss in 2025.
Management
Behind NORTH SEA PROPERTIES are LOUIS INVEST BV, Delphine Cloet and Heline Cloet. It owns 100% of Persiano XXI SL. and 14.3% of Sea Coast Group AC itself.
Directors
According to the 2025 annual accounts
since 2023
since 2023
since 2023
Establishments
Establishment units
Physical locations of this company
Albert I laan 98
8620 Nieuwpoort
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 20 companies are registered at this address.
All companies at this address →VEDESCA same network
€ -387 gross margin · 2025
Flanders Hospitality same network
€ 703,215 gross margin · 2025
H & D COMPANY same network
€ 25,331 gross margin · 2026
Promotion and Building Company
€ 5,924 gross margin · 2025
MONIRO same network
€ -400 gross margin · 2025
+15 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.459.983
- VAT number
- BE 0439.459.983
- Registered office
- Albert I laan 98, 8620 Nieuwpoort
- Names & denominations
- NORTH SEA PROPERTIES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 December 1989
- Peppol
- Active · Active since 7 Jan 2026
- Activities · NACE
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