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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
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Late annual account NBB
Fiscal year 2025 was filed 326 days after the legal deadline.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
37 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Harvest Energy Marine from Vorst, company number BE0670487754, closed financial year 2025 with a result of € -3.5 million after tax. For that financial year Harvest Energy Marine recorded revenue of € 41.5 million and equity of € -6.4 million. Compared with financial year 2024, the result moved from € -7.2 million to € -3.5 million. 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 August 20, 2026.
€ -6.4 million
▼ € 3.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.5 million
▲ 52 % less loss than in 2024
Profit after tax over the fiscal year.
€ 661,854
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -10.6 million.
People and assets in 2025
4.3
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 879,599
▼ 5% vs 2024
€ 204,600 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.
Debts at end 2025
€ 7.4 million
▼ 54% vs 2024
Loans from banks and other lenders, long and short.
€ 145,746
▼ 95% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1 days on average.
€ 8.2 million
▼ 2% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 128,783,913 | € 199,822,292 | € 199,645,273 | € 41,471,407 | ▼ 79% |
| Profit after taxes | € -687,546 | € 639,059 | € -7,217,968 | € -3,471,149 | ▲ € 3.7 million |
| Equity | € -309,990 | € 329,069 | € -2,888,899 | € -6,360,048 | ▼ € 3.5 million |
| Total debts | € 14,797,526 | € 16,205,542 | € 27,276,556 | € 15,777,191 | ▼ 42% |
| Cash | € 1,928,229 | € 1,167,615 | € 1,577,730 | € 661,854 | ▼ 58% |
| Retained profit | € -559,990 | € 79,069 | € -7,138,899 | € -10,610,048 | ▼ € 3.5 million |
| Bank debt | € 2,618,624 | € 5,637,804 | € 16,226,916 | € 7,408,809 | ▼ 54% |
| Balance sheet total | € 14,487,536 | € 16,534,611 | € 24,387,657 | € 9,417,143 | ▼ 61% |
| Employees (FTE) | 4.8 | 5 | 6 | 4.3 | ▼ 1.7 |
Key figures of Harvest Energy Marine, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 28 September 2026.
What happened to Harvest Energy Marine?
What happened at Harvest Energy Marine in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3.5 million. filed late Source: NBB ↗
- Nicholas John PIKE became a director. NBB
- Winston Sanjeev Kumar Soosaipillai stepped down as director. NBB
- Winston Sanjeev Kumar Soosaipillai became a director. NBB
- New establishment in Brasschaat. KBO
- Start of the company according to the CBE. KBO
In short
From € 687,546 loss in 2022 to € 3.5 million loss in 2025.
Paid € 2.9 million in corporate taxes since 2022.
Best year ever: 2023, with € 639,059 profit.
Pays suppliers within 1 days on average.
A new publication or filing at Harvest Energy Marine? We notify you, reason included.
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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
Behind Harvest Energy Marine is Nicholas John PIKE. It owns 100% of PRAX BUNKER NETHERLANDS itself.
Directors
According to the 2025 annual accounts
Nicholas John PIKE
Director
Also active at: Prax Belgium Holdings, Prax Terminals Belgium, PRAX SHIPPING I, Prax Shipping II
since 2025
Winston Sanjeev Kumar Soosaipillai
Director
since 2019 · until 2025
Establishments
Establishment units
Physical locations of this company
Van Volxemlaan 302-304 box 4
1190 Vorst
Ruiterijschool 6
2930 Brasschaat
Active since 27 January 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 37 companies are registered at this address.
All companies at this address →KAOLA
€ -12,612 gross margin · 2025
SCHUITEN COPYRIGHT
€ 290,265 gross margin · 2025
WILDEWOUD
€ -5,970 gross margin · 2024
Libra - Tax & Accountancy - Brussels
€ 543,473 gross margin · 2025
Simon Nagel Fine Art
€ -31,487 gross margin · 2025
+32 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
- 0670.487.754
- VAT number
- BE 0670.487.754
- Registered office
- Van Volxemlaan 302-304 bus 4, 1190 Vorst
- Names & denominations
- Harvest Energy Marine
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 January 2017
- Peppol
- Active · Active since 10 Apr 2026
- Activities · NACE
Groothandel in vaste, vloeibare en gasvormige brandstoffen en aanverwante producten
Overige vrachtbehandeling, exclusief in zeehavens
Logistieke diensten
Overige vervoerondersteunende activiteiten