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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
NORTH SEA WAVE from Oostende, company number BE0713488646, closed financial year 2025 with a result of € -4,898 after tax. Compared with financial year 2024, the result moved from € -7,088 to € -4,898. The company made a loss. 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 July 6, 2026.
€ 273,682
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,898
▲ 31 % less loss than in 2024
Profit after tax over the fiscal year.
€ 273,802
▼ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -88,818.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,518
▼ 66% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € -16,532 | € -17,394 | € -7,088 | € -4,898 | ▲ € 2,190 |
| Equity | € 303,062 | € 285,668 | € 278,580 | € 273,682 | ▼ 2% |
| Total debts | € 15,572 | € 10,000 | € 4,404 | € 1,518 | ▼ 66% |
| Cash | € 318,168 | € 294,692 | € 282,434 | € 273,802 | ▼ 3% |
| Retained profit | € -59,438 | € -76,832 | € -83,920 | € -88,818 | ▼ € 4,898 |
| Balance sheet total | € 318,633 | € 295,668 | € 282,984 | € 275,200 | ▼ 3% |
Key figures of NORTH SEA WAVE, 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 NORTH SEA WAVE?
What happened at NORTH SEA WAVE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Daan Van Hoyweghen stepped down as director. NBB
- PE BV stepped down as director. NBB
- Power@Sea nv stepped down as director. NBB
- NUHMA cv stepped down as director. NBB
- Sparaxis SA stepped down as director. NBB
- Socofe nv stepped down as director. NBB
- Rik Van de Walle stepped down as director. NBB
- Realfi bv stepped down as director. NBB
In short
From € 16,532 loss in 2022 to € 4,898 loss in 2025.
Pays suppliers within 141 days on average.
Management
The shares are held by Otary BIS (70%), OW Belgium Netherlands (17.5%) and Bayamo Wind (12.5%).
Directors
According to the 2025 annual accounts
since 2024 · until 2030
Director · represented by Peter Goderis
Also active at: SeaMade, OTARY BIS, Otary RS, RENTEL, NORTHER
since 2024 · until 2030
Director · represented by Kristof Van Loon
Owns 4.3% via Otary BIS
since 2024 · until 2030
Director · represented by Ludo Kelchtermans
Also active at: A.I.T. EUROPE, CIPAL, WIND EN WATER ENERGIE PRODUCENT, 3E, C-POWER HOLDCO, SeaMade, BIONERGA LOGISTICS, NUHMERIS +21 more
since 2024 · until 2030
Director · represented by Anne Vereecke
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +224 more
since 2024 · until 2030
Director · represented by Marcel Dormann
Owns 4.3% via Otary BIS
Also active at: WE Environnement, C - Power, SeaMade, GREEN4POWER, OTARY BIS, ESTOR-LUX, PERPETUM INFRA 4BE, Estor-Lux II +7 more
since 2024 · until 2030
Rik Van de Walle
Director
Also active at: VLAAMSE ECOLOGIE - ENERGIE - EN MILIEUONDERNEMING, ASPIRAVI OFFSHORE, WIND AAN DE STROOM 2014, GROENE ENERGIE HAVEN ANTWERPEN, WIND AAN DE STROOM 2013, SeaMade, LOMMEL WIN(D)T, A&P WIND SERVICES +13 more
since 2024 · until 2030
Director · represented by Miguel de Schaetzen
Also active at: ENECO WIND BELGIUM, LES VENTS DE L'ORNOI, SeaMade, LIBECCIO I, Boreas Wind Offshore, PAMPERO WIND, EnDev-R, BAYAMO WIND +14 more
since 2024 · until 2030
since 2024 · until 2030
Bert Devriendt
Director
Also active at: BLUEPOWER, SeaMade, DEME CONCESSIONS WIND, OTARY BIS, DEME HYPORT Energy, DEME BLUE ENERGY, Otary RS, RENTEL
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Buskruitstraat 3
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0713.488.646
- VAT number
- BE 0713.488.646
- Registered office
- Buskruitstraat 3, 8400 Oostende
- Names & denominations
- NORTH SEA WAVE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 November 2018
- Peppol
- Active · Active since 2 Feb 2026
- Activities · NACE
Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg
Overige gespecialiseerde wetenschappelijke en technische activiteiten