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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Figures corrected NBB
Corrected annual account filed for 2022.
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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
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SEASTAR CAPITAL from Wevelgem, company number BE0685867204, closed financial year 2025 with a result of € 1.6 million after tax. For that financial year SEASTAR CAPITAL recorded revenue of € 1.2 million and equity of € 108.8 million. Compared with financial year 2024, the result moved from € 17.9 million to € 1.6 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 21, 2026.
€ 108.8 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▼ 91% vs 2024
Profit after tax over the fiscal year.
€ 351,832
▼ 97% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.8 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
8.4
▲ 4.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 958,457
▲ 117% vs 2024
€ 114,100 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.
€ 156,243
▲ 46% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 33,553
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 12 days on average.
€ 192,759
▼ 54% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 599,046 | € 1,215,699 | ▲ 103% |
| Gross margin | € 209,399 | € 123,416 | - | - | |
| Profit after taxes | € 7,068,513 | € 3,646,907 | € 17,949,583 | € 1,598,686 | ▼ 91% |
| Equity | € 90,240,772 | € 93,887,679 | € 108,998,874 | € 108,816,418 | |
| Total debts | € 1,396,607 | € 9,379,194 | € 464,193 | € 266,312 | ▼ 43% |
| Cash | € 3,232,893 | € 2,441,159 | € 10,091,214 | € 351,832 | ▼ 97% |
| Retained profit | € 19,990,772 | € 23,637,679 | € 38,748,874 | € 38,566,418 | |
| Dividend | € 715,000 | € 0 | € 2,838,388 | € 1,781,142 | ▼ 37% |
| Balance sheet total | € 91,637,379 | € 103,266,873 | € 109,463,067 | € 109,082,730 | |
| Employees (FTE) | 2.8 | 3.2 | 4.2 | 8.4 | ▲ 4.2 |
Key figures of SEASTAR CAPITAL, 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 SEASTAR CAPITAL?
What happened at SEASTAR CAPITAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.6 million (▼ 91% vs 2024). filed late Source: NBB ↗
- SECAFIN BV became a director. NBB
- Christoo BV became a director. NBB
- Michael Van Cauwenberge stepped down as director. NBB
- Virginie Van Cauwenberge stepped down as director. NBB
- Michael Van Cauwenberge became a director. NBB
- Virginie Van Cauwenberge became a director. NBB
- New establishment in Wevelgem. KBO
In short
From € 7.1 million profit in 2022 to € 1.6 million profit in 2025.
Paid € 1.8 million in corporate taxes since 2022.
Best year ever: 2024, with € 17.9 million profit.
On average € 38,600 of value added per employee in 2023.
A new publication or filing at SEASTAR CAPITAL? 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 SEASTAR CAPITAL are Joost Van Cauwenberge, SECAFIN BV and Christoo BV. It owns 100% of International Wood Holding, 100% of Stratinvest, 90% of Seastar Shipping, 90% of CV Ventures, 83.3% of Desing Ventures and 40.5% of Lesage Industries itself.
Directors
According to the 2025 annual accounts
Joost Van Cauwenberge
Director
Also active at: FINIPAN, HEBIC, VANCA-BELGIUM, WITON, JACRIMAR, PARTNERS@VENTURE, Lamitrans, BELINVEST +29 more
Director · represented by Michael Van Cauwenberge
since 2025
Director · represented by Virginie Van Cauwenberge
since 2025
Michael Van Cauwenberge
Director
Also active at: FINIPAN, HEBIC, VANCA-BELGIUM, Lamitrans, GHEKIERE INDUSTRIES, STRATINVEST, Ghekiere Immo, DESIGN VENTURES +7 more
since 2023 · until 2025
since 2023 · until 2025
Establishments
Establishment units
Physical locations of this company
Oostlaan 4
8560 Wevelgem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →Placabois
€ 1.3 million gross margin · 2025
FINIPAN same network
€ 980,793 gross margin · 2025
HEBIC same network
€ 2.5 million gross margin · 2025
VANCA-BELGIUM same network
€ 17.5 million revenue · 2025
Lamitrans same network
€ 852,299 gross margin · 2025
+10 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
- 0685.867.204
- VAT number
- BE 0685.867.204
- Registered office
- Oostlaan 4, 8560 Wevelgem
- Names & denominations
- SEASTAR CAPITAL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 December 2017
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van holdings
Holdings