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 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 5.4 to 4.6.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SEACORIN from Waregem, company number BE0561712350, closed financial year 2025 with a result of € 30,458 after tax. For that financial year SEACORIN recorded revenue of € 23 million and equity of € -1 million. Compared with financial year 2024, the result moved from € -1.3 million to € 30,458. Profitable, and profit is growing. 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 July 23, 2026.
€ -1 million
▲ € 30,458 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30,458
▲ still € 1.3 million loss in 2024
Profit after tax over the fiscal year.
€ 228,945
▼ 63% 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 € -4.4 million.
People and assets in 2025
4.6
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 323,747
▼ 23% vs 2024
€ 70,400 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.
€ 38,418
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6.7 million
▲ 4% vs 2024
€ 1 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 10.5 million
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 169 days on average.
€ 27,447
▲ 19% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 35,569,358 | € 24,032,187 | € 20,655,342 | € 22,959,499 | ▲ 11% |
| Profit after taxes | € 42,251 | € -1,484,325 | € -1,291,412 | € 30,458 | ▲ € 1.3 million |
| Equity | € 810,247 | € -674,078 | € -1,065,490 | € -1,035,032 | ▲ € 30,458 |
| Total debts | € 19,407,806 | € 14,890,717 | € 14,682,624 | € 17,386,118 | ▲ 18% |
| Cash | € 151,318 | € 147,611 | € 611,081 | € 228,945 | ▼ 63% |
| Retained profit | € -1,689,753 | € -3,174,078 | € -4,465,490 | € -4,435,032 | ▲ € 30,458 |
| Bank debt | € 7,430,305 | € 6,978,883 | € 6,380,217 | € 6,650,424 | ▲ 4% |
| Balance sheet total | € 20,218,053 | € 14,216,639 | € 13,617,134 | € 16,351,086 | ▲ 20% |
| Employees (FTE) | 3.9 | 5.4 | 4.8 | 4.6 | ▼ 0.2 |
Key figures of SEACORIN, 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 SEACORIN?
What happened at SEACORIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Thomas Dewaele stepped down as director. NBB
- MDM NV stepped down as director. NBB
- Philippe Bossuyt stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 30,458. Source: NBB ↗
- Olivier Mocar stepped down as director. NBB
- Philippe Bossuyt became a director. NBB
- Wim David stepped down as director. NBB
- Thomas Dewaele became a director. NBB
In short
From € 42,251 profit in 2022 to € 30,458 profit in 2025.
Paid € 4,172 in corporate taxes since 2022.
Best year ever: 2022, with € 42,251 profit.
Pays suppliers within 169 days on average.
Management
The stake of MDM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SEACORINThe shares are held by MDM (95.6%).
Directors
According to the 2025 annual accounts
Thomas Dewaele
Managing director, Director
Also active at: MDM, HOUSE PROPERTIES, GROEPINVEST, THOMASOL, TMCM BUILDINGS, Solux Invest
since 2023 · until 2029
Director · represented by Thomas Dewaele
Also active at: CTF 2000, LOMAT INTERNATIONAL, STORM GROUP, FLAMAWAY GROUP, BUCA INVEST, FLAMAWAY IMMO, GROEPINVEST, SJEVAL BLAN +3 more
since 2023 · until 2029
Olivier Mocar
Managing director
since 2023 · until 2026
since 2026 · until 2029
since 2023 · until 2026
Shareholders
95.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Henri Lebbestraat 188
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →FREDO
€ 9 million revenue · 2025
ASTUCE
€ 886,345 revenue · 2025
Belgium Luxury Trading
€ 864,608 revenue · 2025
CARTOUCHES
€ 837,622 revenue · 2025
DL Spirits
€ 144,868 revenue · 2025
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
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Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
DSTNY-BACKBONE International Backbone, BE
Domain
Domain
seacorin.com
Registered
2014-03-31
Registrar
Nomeo BV
Expires
2027-03-31
Website info
Features
Security
Details
- Company number
- 0561.712.350
- VAT number
- BE 0561.712.350
- Registered office
- Henri Lebbestraat 188, 8790 Waregem
- Names & denominations
- SEACORIN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 September 2014
- Peppol
- Active · Active since 5 Aug 2026
- Activities · NACE
Groothandel in vis en schaal- en weekdieren
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Niet-gespecialiseerde groothandel in niet-diepgevroren voedingsmiddelen, dranken en genotmiddelen