Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 33 % 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
SEA COAST HORSES from Nieuwpoort, company number BE0521905926, closed financial year 2025 with a result of € -37,771 after tax. For that financial year SEA COAST HORSES recorded a gross margin of € 409,777 and equity of € -1.5 million. Compared with financial year 2024, the result moved from € 247,109 to € -37,771. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 20, 2026.
€ -1.5 million
▼ € 37,771 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -37,771
▼ still € 247,109 profit in 2024
Profit after tax over the fiscal year.
€ 15,370
▲ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.1 million.
People and assets in 2025
4
Average over the fiscal year, from the social balance sheet.
€ 253,434
▲ 7% vs 2024
€ 63,400 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.
€ 123,921
▼ 46% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 55,813
▼ 25% vs 2024
Loans from banks and other lenders, long and short.
€ 70,657
▼ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,543
▼ 50% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 166,305 | € -27,519 | € 707,379 | € 409,777 | ▼ 42% |
| Profit after taxes | € -266,732 | € -565,913 | € 247,109 | € -37,771 | ▼ € 284,880 |
| Equity | € -1,094,081 | € -1,659,994 | € -1,412,885 | € -1,450,656 | ▼ € 37,771 |
| Total debts | € 3,422,921 | € 3,845,999 | € 3,094,038 | € 3,097,346 | |
| Cash | € 2,242 | € 4,966 | € 10,269 | € 15,370 | ▲ 50% |
| Retained profit | € -1,744,081 | € -2,309,994 | € -2,062,885 | € -2,100,656 | ▼ € 37,771 |
| Bank debt | € 55,243 | € 64,392 | € 74,082 | € 55,813 | ▼ 25% |
| Balance sheet total | € 2,328,840 | € 2,186,005 | € 1,681,153 | € 1,646,689 | ▼ 2% |
| Employees (FTE) | 4.3 | 5.9 | 4 | 4 |
Key figures of SEA COAST HORSES, 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 June 2027.
What happened to SEA COAST HORSES?
What happened at SEA COAST HORSES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 37,771 (▼ € 284,880 vs 2024). Source: NBB ↗
- New establishment in Hamme (Vl.). KBO
- Start of the company according to the CBE. KBO
- New establishment in Nieuwpoort. KBO
- SEA COAST GROUP AC BV became a director. NBB
In short
From € 266,732 loss in 2022 to € 37,771 loss in 2025.
Best year ever: 2024, with € 247,109 profit.
On average € 102,400 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Promotion Belgium comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SEA COAST HORSESBehind SEA COAST HORSES is SEA COAST GROUP AC BV. The shares are held by Promotion Belgium (99%).
Directors
According to the 2025 annual accounts
Administrator-manager · represented by Adelin Cloet
Also active at: VEDESCA, Flanders Hospitality, Promotion and Building Company, MONIRO, NORTH BUILDINGS, SEA COAST BEL, SEA COAST CONSTRUCTION, Dunehotel +4 more
since 2013
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Albert I laan 98
8620 Nieuwpoort
Overdijk 5
9220 Hamme (Vl.)
Active since 15 August 2017
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
NORTH SEA PROPERTIES
€ -4,931 gross margin · 2025
Flanders Hospitality same network
€ 703,215 gross margin · 2025
H & D COMPANY
€ 25,331 gross margin · 2026
Promotion and Building Company same network
€ 5,924 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
- 0521.905.926
- VAT number
- BE 0521.905.926
- Registered office
- Albert I laan 98, 8620 Nieuwpoort
- Names & denominations
- SEA COAST HORSES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 March 2013
- Peppol
- Active · Active since 7 Jan 2026
- Activities · NACE
Overige sportactiviteiten, neg
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