What does Seagull I do?

Seagull I is an energy company in Brugge. Public Limited, started on 25 June 2018, 1 establishment.

What is the address of Seagull I?

The registered office of Seagull I is located at Isabellalaan 1, 8380 Brugge.

Is Seagull I still active?

Yes. According to the CBE (29 October 2026) Seagull I is active, legal situation “Normale toestand”, started on 25 June 2018.

Is Seagull I registered on Peppol?

Yes, Seagull I is registered on the Peppol network with ID 0208:0698792156.

What is the enterprise number of Seagull I?

The enterprise number of Seagull I is BE0698792156.

When was Seagull I founded?

Seagull I was founded on 25 June 2018.

Who are the directors of Seagull I?

According to the 2025 annual accounts, the directors of Seagull I are: Didier VAN OSSELAER, Lionel MATTHYSEN, Geert Dhooghe , Katrien VERGAUWEN, Ann NAESSENS, Nicolas VAN den ABEELE.

Is Seagull I a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 25 June 2018; 5 annual accounts filed, latest fiscal year 2025; 6 directors known from the annual account.

How much profit did Seagull I make in 2025?

Seagull I posted a profit after taxes of € 303,602 in financial year 2025.

What is the revenue of Seagull I?

In its most recent annual accounts (2025), Seagull I reported revenue of € 1,185,535.

Seagull I (Public Limited) - Brugge - BE0698792156

Dossier Seagull I, printed on 29 October 2026 from databakkes.be/en/0698792156/seagull-i. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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.

What it is worth Growing

€ 2.2 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 303,602

▲ 17% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 504,644

▲ 199% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 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

Bank debt ≈ 11 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 5.1 million

▼ 8% vs 2024

€ 482,507 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.

Owed to suppliers

€ 196,793

▲ 18% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 154 days on average.

Taxes

€ 103,969

▼ 28% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 2,105,943 Revenue 2022: € 2,105,943 First fiscal year in the series	€ 3,971,579 Revenue 2023: € 3,971,579 ▲ 89% vs 2022 (€ 2,105,943) Favourable step	€ 1,377,004 Revenue 2024: € 1,377,004 ▼ 65% vs 2023 (€ 3,971,579) Unfavourable step	€ 1,185,535 Revenue 2025: € 1,185,535 ▼ 14% vs 2024 (€ 1,377,004) Unfavourable step	▼ 14%
Profit after taxes	€ 750,789 Profit after taxes 2022: € 750,789 First fiscal year in the series	€ 1,946,800 Profit after taxes 2023: € 1,946,800 ▲ 159% vs 2022 (€ 750,789) Favourable step	€ 259,895 Profit after taxes 2024: € 259,895 ▼ 87% vs 2023 (€ 1,946,800) Unfavourable step	€ 303,602 Profit after taxes 2025: € 303,602 ▲ 17% vs 2024 (€ 259,895) Favourable step	▲ 17%
Equity	€ 2,109,279 Equity 2022: € 2,109,279 First fiscal year in the series	€ 2,228,350 Equity 2023: € 2,228,350 ▲ 6% vs 2022 (€ 2,109,279) Favourable step	€ 2,207,206 Equity 2024: € 2,207,206 ▼ 1% vs 2023 (€ 2,228,350) Unfavourable step	€ 2,210,118 Equity 2025: € 2,210,118 Unchanged (€ 2,207,206) Favourable step
Total debts	€ 7,351,594 Total debts 2022: € 7,351,594 First fiscal year in the series	€ 8,825,081 Total debts 2023: € 8,825,081 ▲ 20% vs 2022 (€ 7,351,594) Unfavourable step	€ 6,139,893 Total debts 2024: € 6,139,893 ▼ 30% vs 2023 (€ 8,825,081) Favourable step	€ 5,679,322 Total debts 2025: € 5,679,322 ▼ 8% vs 2024 (€ 6,139,893) Favourable step	▼ 8%
Cash	€ 280,801 Cash 2022: € 280,801 First fiscal year in the series	€ 217,142 Cash 2023: € 217,142 ▼ 23% vs 2022 (€ 280,801) Unfavourable step	€ 169,028 Cash 2024: € 169,028 ▼ 22% vs 2023 (€ 217,142) Unfavourable step	€ 504,644 Cash 2025: € 504,644 ▲ 199% vs 2024 (€ 169,028) Favourable step	▲ 199%
Retained profit	€ 109,279 Retained profit 2022: € 109,279 First fiscal year in the series	€ 228,350 Retained profit 2023: € 228,350 ▲ 109% vs 2022 (€ 109,279) Favourable step	€ 207,206 Retained profit 2024: € 207,206 ▼ 9% vs 2023 (€ 228,350) Unfavourable step	€ 210,118 Retained profit 2025: € 210,118 ▲ 1% vs 2024 (€ 207,206) Favourable step	▲ 1%
Dividend	€ 717,335 Dividend 2022: € 717,335 First fiscal year in the series	€ 1,827,729 Dividend 2023: € 1,827,729 ▲ 155% vs 2022 (€ 717,335) Unchanged	€ 281,038 Dividend 2024: € 281,038 ▼ 85% vs 2023 (€ 1,827,729) Unchanged	€ 300,691 Dividend 2025: € 300,691 ▲ 7% vs 2024 (€ 281,038) Unchanged	▲ 7%
Bank debt	€ 6,412,143 Bank debt 2022: € 6,412,143 First fiscal year in the series	€ 5,982,323 Bank debt 2023: € 5,982,323 ▼ 7% vs 2022 (€ 6,412,143) Favourable step	€ 5,534,161 Bank debt 2024: € 5,534,161 ▼ 7% vs 2023 (€ 5,982,323) Favourable step	€ 5,069,443 Bank debt 2025: € 5,069,443 ▼ 8% vs 2024 (€ 5,534,161) Favourable step	▼ 8%
Balance sheet total	€ 9,515,473 Balance sheet total 2022: € 9,515,473 First fiscal year in the series	€ 11,124,831 Balance sheet total 2023: € 11,124,831 ▲ 17% vs 2022 (€ 9,515,473) Unchanged	€ 8,435,299 Balance sheet total 2024: € 8,435,299 ▼ 24% vs 2023 (€ 11,124,831) Unchanged	€ 7,994,440 Balance sheet total 2025: € 7,994,440 ▼ 5% vs 2024 (€ 8,435,299) Unchanged	▼ 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:

2028 Didier VAN OSSELAER stepped down as director. NBB
2028 Lionel MATTHYSEN stepped down as director. NBB
2028 Geert Dhooghe stepped down as director. NBB
2028 Katrien VERGAUWEN stepped down as director. NBB
2028 Nicolas VAN den ABEELE stepped down as director. NBB
May 21, 2026 New annual accounts for financial year 2025: profit of € 303,602 (▲ 17% vs 2024). Source: NBB ↗
2025 Geert Dhooghe became a director. NBB
2025 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.

Original PDFs at the National Bank ↗

Management

ELECTRABEL NV 62.5%

PORTFINECO NV 37.5%

Seagull I

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

Katrien VERGAUWEN

Director

Also active at: ICO WINDPARK

since 2024 · until 2028

Ann NAESSENS

Bestuurder

since 2024 · until 2025

Nicolas VAN den ABEELE

Director

since 2024 · until 2028

Shareholders

ELECTRABEL NV

62.5%

PORTFINECO NV

37.5%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

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

View on CBE Public ↗ Annual accounts (NBB) ↗

Seagull I

Financials

What happened to Seagull I?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions