Financials
Financial year 2025
Seagull I from Brugge, company number BE0698792156, closed financial year 2025 with a result of € 303,602 after tax. For that financial year Seagull I recorded revenue of € 1.2 million and equity of € 2.2 million. Compared with financial year 2024, the result moved from € 259,895 to € 303,602. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 21, 2026.
€ 2.2 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 303,602
▲ 17% vs 2024
Profit after tax over the fiscal year.
€ 504,644
▲ 199% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 300,691 paid out
99 % of the profit went to the shareholders, mostly to ELECTRABEL NV (62 % of the shares). That is where the money ends up.
Debts at end 2025
€ 5.1 million
▼ 8% vs 2024
€ 482,507 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 196,793
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 154 days on average.
€ 103,969
▼ 28% 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 | € 2,105,943 | € 3,971,579 | € 1,377,004 | € 1,185,535 | ▼ 14% |
| Profit after taxes | € 750,789 | € 1,946,800 | € 259,895 | € 303,602 | ▲ 17% |
| Equity | € 2,109,279 | € 2,228,350 | € 2,207,206 | € 2,210,118 | |
| Total debts | € 7,351,594 | € 8,825,081 | € 6,139,893 | € 5,679,322 | ▼ 8% |
| Cash | € 280,801 | € 217,142 | € 169,028 | € 504,644 | ▲ 199% |
| Retained profit | € 109,279 | € 228,350 | € 207,206 | € 210,118 | ▲ 1% |
| Dividend | € 717,335 | € 1,827,729 | € 281,038 | € 300,691 | ▲ 7% |
| Bank debt | € 6,412,143 | € 5,982,323 | € 5,534,161 | € 5,069,443 | ▼ 8% |
| Balance sheet total | € 9,515,473 | € 11,124,831 | € 8,435,299 | € 7,994,440 | ▼ 5% |
Key figures of Seagull I, 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 Seagull I?
What happened at Seagull I in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Didier VAN OSSELAER stepped down as director. NBB
- Lionel MATTHYSEN stepped down as director. NBB
- Geert Dhooghe stepped down as director. NBB
- Katrien VERGAUWEN stepped down as director. NBB
- Nicolas VAN den ABEELE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 303,602 (▲ 17% vs 2024). Source: NBB ↗
- Geert Dhooghe became a director. NBB
- Ann NAESSENS stepped down as director. NBB
In short
From € 750,789 profit in 2022 to € 303,602 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.9 million profit.
Paid out € 3.1 million in dividends to the owners in total.
Management
The shares are held by ELECTRABEL NV (62.5%) and PORTFINECO NV (37.5%).
Directors
According to the 2025 annual accounts
Didier VAN OSSELAER
Director
since 2024 · until 2028
Lionel MATTHYSEN
Director
Also active at: LES VENTS DE L'ORNOI, STERRES, Conquest4Wind P5, LES VENTS DE PERWEZ
since 2024 · until 2028
Geert Dhooghe
Director
Also active at: ELECTRABEL GREEN PROJECTS FLANDERS, ELECTRABEL SEANERGY, WIND4Flanders Projects 1, WIND4FLANDERS PROJECTS 2, WIND4FLANDERS, WIND4FLANDERS PROJECTS 3, WIND4FLANDERS PROJECTS 4, ICO WINDPARK +3 more
since 2025 · until 2028
since 2024 · until 2028
Ann NAESSENS
Bestuurder
Also active at: ELECTRABEL GREEN PROJECTS FLANDERS, ELECTRABEL SEANERGY, WIND4Flanders Projects 1, WIND4FLANDERS PROJECTS 2, WIND4FLANDERS, WIND4FLANDERS PROJECTS 3, WIND4FLANDERS PROJECTS 4, ICO WINDPARK +3 more
since 2024 · until 2025
Nicolas VAN den ABEELE
Director
since 2024 · until 2028
Shareholders
62.5%
37.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Isabellalaan 1
8380 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Maatschappij van de Brugse Zeehaven
€ 4.7 million revenue · 2025
Zeebrugge Investeringsmaatschappij
€ -9,292 gross margin · 2025
BREYDEL
€ 51,504 gross margin · 2025
VLAAMSE HAVENLOODSEN - REGIO KUST
€ 181,754 gross margin · 2025
LIBECCIO I
€ 8.6 million revenue · 2026
+2 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
- 0698.792.156
- VAT number
- BE 0698.792.156
- Registered office
- Isabellalaan 1, 8380 Brugge
- Names & denominations
- Seagull I
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 June 2018
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Handel in elektriciteit
Productie van elektriciteit uit niet-hernieuwbare bronnen