Financials
Financial year 2025
SeaMade from Oostende, company number BE0543401324, closed financial year 2025 with a result of € 41.7 million after tax. For that financial year SeaMade recorded revenue of € 171.5 million and equity of € 118.5 million. Compared with financial year 2024, the result moved from € 49.4 million to € 41.7 million. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 118.5 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 41.7 million
▼ 15% vs 2024
Profit after tax over the fiscal year.
€ 42.7 million
▼ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 39.9 million paid out
96 % of the profit went to the shareholders, mostly to Otary BIS (70 % of the shares). That is where the money ends up.
Debts at end 2025
€ 842.7 million
▼ 5% vs 2024
€ 64.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 10.2 million
▼ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 100 days on average.
€ 1.2 million
▲ 128% 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 | |
|---|---|---|---|---|---|
| Revenue | € 140,683,284 | € 332,503,078 | € 185,885,370 | € 171,490,774 | ▼ 8% |
| Profit after taxes | € 15,803,382 | € 127,987,746 | € 49,363,080 | € 41,748,224 | ▼ 15% |
| Equity | € 92,478,716 | € 162,566,462 | € 116,629,542 | € 118,451,766 | ▲ 2% |
| Total debts | € 1,061,817,946 | € 1,057,544,809 | € 917,019,312 | € 856,087,908 | ▼ 7% |
| Cash | € 42,033,112 | € 31,424,172 | € 47,519,840 | € 42,653,511 | ▼ 10% |
| Retained profit | € 15,954,715 | € 86,042,461 | € 40,105,541 | € 41,927,765 | ▲ 5% |
| Dividend | € 9,000,000 | € 57,900,000 | € 95,300,000 | € 39,926,000 | ▼ 58% |
| Bank debt | € 1,012,634,841 | € 951,485,533 | € 885,228,305 | € 842,709,583 | ▼ 5% |
| Balance sheet total | € 1,162,986,272 | € 1,232,982,261 | € 1,050,662,803 | € 995,616,231 | ▼ 5% |
Key figures of SeaMade, 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 SeaMade?
What happened at SeaMade in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Daan Van Hoyweghen stepped down as director. NBB
- PE BV stepped down as director. NBB
- Power@Sea NV stepped down as director. NBB
- NUHMA cv stepped down as director. NBB
- Sparaxis SA stepped down as director. NBB
- Socofe nv stepped down as director. NBB
- Rik Van de Walle stepped down as director. NBB
- Realfi stepped down as director. NBB
In short
From € 15.8 million profit in 2022 to € 41.7 million profit in 2025.
Paid € 48.6 million in corporate taxes since 2022.
Best year ever: 2023, with € 128 million profit.
Paid out € 202.1 million in dividends to the owners in total.
Management
The shares are held by Otary BIS (70%), OW Belgium Netherlands NV (17.5%) and Bayamo Wind (12.5%).
Directors
According to the 2025 annual accounts
since 2024 · until 2030
Director · represented by Peter Goderis
Also active at: OTARY BIS, NORTH SEA WAVE, Otary RS, RENTEL, NORTHER
since 2024 · until 2030
Director · represented by Kristof Van Loon
Owns 4.3% via Otary BIS
Also active at: OTARY BIS, NORTH SEA WAVE, Otary RS, RENTEL
since 2024 · until 2030
Director · represented by Ludo Kelchtermans
Also active at: A.I.T. EUROPE, CIPAL, WIND EN WATER ENERGIE PRODUCENT, 3E, C-POWER HOLDCO, BIONERGA LOGISTICS, NUHMERIS, BIOSTOOM BELGIË +21 more
since 2024 · until 2030
Director · represented by Anne Vereecke
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +224 more
since 2024 · until 2030
Director · represented by Marcel Dormann
Owns 4.3% via Otary BIS
Also active at: WE Environnement, C - Power, GREEN4POWER, OTARY BIS, NORTH SEA WAVE, ESTOR-LUX, PERPETUM INFRA 4BE, Estor-Lux II +7 more
since 2024 · until 2030
Rik Van de Walle
Director
Also active at: VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING, ASPIRAVI OFFSHORE, WIND AAN DE STROOM 2014, GROENE ENERGIE HAVEN ANTWERPEN, WIND AAN DE STROOM 2013, LOMMEL WIN(D)T, A&P WIND SERVICES, VLAAMSE ECOLOGIE-ENERGIE -EN MILIEUONDERNEMING 2 +13 more
since 2024 · until 2030
Director · represented by Miguel De Schaetzen
Also active at: ENECO WIND BELGIUM, LES VENTS DE L'ORNOI, LIBECCIO I, Boreas Wind Offshore, PAMPERO WIND, EnDev-R, BAYAMO WIND, NORTH SEA WAVE +14 more
since 2024 · until 2030
since 2024 · until 2030
since 2024 · until 2030
Bert Devriendt
Director
Also active at: BLUEPOWER, DEME CONCESSIONS WIND, OTARY BIS, NORTH SEA WAVE, DEME HYPORT Energy, DEME BLUE ENERGY, Otary RS, RENTEL
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Buskruitstraat 3
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0543.401.324
- VAT number
- BE 0543.401.324
- Registered office
- Buskruitstraat 3, 8400 Oostende
- Names & denominations
- SeaMade
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 2013
- Peppol
- Active · Active since 5 Feb 2026
- Activities · NACE
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