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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Shrinking team NBB
FTE fell two years in a row, from 12.1 to 8.5.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Zeezotje from Oostende, company number BE0446540488, closed financial year 2025 with a result of € 154,832 after tax. For that financial year Zeezotje recorded a gross margin of € 494,768 and equity of € 291,491. Compared with financial year 2024, the result moved from € 113,298 to € 154,832. 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 March 31, 2026.
€ 291,491
▲ 113% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 154,832
▲ 37% vs 2024
Profit after tax over the fiscal year.
€ 49
▼ € 180,297 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 € 285,285.
People and assets in 2025
8.5
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 234,681
▼ 56% vs 2024
€ 27,600 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.
€ 10,165
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 181,078
▼ 19% vs 2024
€ 23,517 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 9,295
▼ 89% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,580
▼ 73% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 719,290 | € 807,232 | € 763,093 | € 494,768 | ▼ 35% |
| Profit after taxes | € 24,025 | € 50,190 | € 113,298 | € 154,832 | ▲ 37% |
| Equity | € 148,171 | € 23,361 | € 136,659 | € 291,491 | ▲ 113% |
| Total debts | € 487,660 | € 621,588 | € 374,195 | € 209,415 | ▼ 44% |
| Cash | € 157,149 | € 132,196 | € 180,346 | € 49 | ▼ € 180,297 |
| Land & buildings | € 260,752 | € 246,800 | € 236,508 | € 220,269 | ▼ 7% |
| Retained profit | € 141,964 | € 17,154 | € 130,453 | € 285,285 | ▲ 119% |
| Dividend | € 0 | € 175,000 | € 0 | € 0 | |
| Bank debt | € 268,841 | € 244,964 | € 223,073 | € 181,078 | ▼ 19% |
| Balance sheet total | € 635,831 | € 644,949 | € 510,855 | € 500,906 | ▼ 2% |
| Employees (FTE) | 15.6 | 12.1 | 9.7 | 8.5 | ▼ 1.2 |
Key figures of Zeezotje, 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 April 2027.
What happened to Zeezotje?
What happened at Zeezotje in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 154,832 (▲ 37% vs 2024). Source: NBB ↗
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 24,025 profit in 2022 to € 154,832 profit in 2025.
Paid € 183,595 in corporate taxes since 2022.
Best year ever: 2025, with € 154,832 profit.
On average € 58,200 of value added per employee in 2025.
Management
Behind Zeezotje are Nancy Vanbavinckhove and Enrico Ricciolini.
Directors
According to the 2025 annual accounts
Nancy Vanbavinckhove
Director
Enrico Ricciolini
Director
Establishments
Establishment units
Physical locations of this company
Zilverlaan 50 box 23
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0446.540.488
- VAT number
- BE 0446.540.488
- Registered office
- Zilverlaan 50 bus 23, 8400 Oostende
- Names & denominations
- Zeezotje
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 January 1992
- Peppol
- Not registered