Financials
Financial year 2025
Split The Sea from Zwevegem, company number BE0722773922, closed financial year 2025 with a result of € 18,136 after tax. For that financial year Split The Sea recorded a gross margin of € 35,814 and equity of € 76,728. Compared with financial year 2024, the result moved from € 10,838 to € 18,136. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 76,728
▲ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,136
▲ 67% vs 2024
Profit after tax over the fiscal year.
€ 9,159
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 75,728.
People and assets in 2025
€ 1,251
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 12,310
▲ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5,404
▼ 52% vs 2024
Loans from banks and other lenders, long and short.
€ 13,916
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,288
▲ 22% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 38,234 | € 26,325 | € 35,814 | ▲ 36% |
| Profit after taxes | € 18,178 | € 10,838 | € 18,136 | ▲ 67% |
| Equity | € 47,754 | € 58,593 | € 76,728 | ▲ 31% |
| Total debts | € 57,530 | € 32,238 | € 27,608 | ▼ 14% |
| Cash | € 6,417 | € 24,409 | € 9,159 | ▼ 62% |
| Retained profit | € 46,754 | € 57,593 | € 75,728 | ▲ 31% |
| Dividend | € 9,430 | € 0 | € 0 | |
| Bank debt | € 16,977 | € 11,228 | € 5,404 | ▼ 52% |
| Balance sheet total | € 105,284 | € 90,831 | € 104,336 | ▲ 15% |
Key figures of Split The Sea, fiscal years 2023 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 Split The Sea?
What happened at Split The Sea in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,136 (▲ 67% vs 2024). Source: NBB ↗
- New establishment in Kortrijk. KBO
- New establishment in Zwevegem. KBO
- Thomas Malfait became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 18,178 profit in 2023 to € 18,136 profit in 2025.
Paid € 22,560 in corporate taxes since 2023.
Best year ever: 2023, with € 18,178 profit.
Paid out € 9,430 in dividends to the owners in total.
Management
Behind Split The Sea are Thomas Malfait and Véronique Dewettinck.
Directors
According to the 2025 annual accounts
Thomas Malfait
Director
since 2019
Véronique Dewettinck
Director
Establishments
Establishment units
Physical locations of this company
Keiberg(H) 101
8551 Zwevegem
Nelson Mandelaplein(Kor) 2
8500 Kortrijk
Active since 20 June 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0722.773.922
- VAT number
- BE 0722.773.922
- Registered office
- Keiberg(H) 101, 8551 Zwevegem
- Names & denominations
- Split The Sea
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 March 2019
- Peppol
- Active · Active since 9 Sept 2024
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