What does Wooden Ships do?

Wooden Ships is registered with the CBE as active in: Activiteiten van holdings. Public Limited, started on 11 June 2019, 1 establishment.

What is the address of Wooden Ships?

The registered office of Wooden Ships is located at Livornostraat 158, 1000 Brussel.

Is Wooden Ships still active?

Yes. According to the CBE (29 October 2026) Wooden Ships is active, legal situation “Normale toestand”, started on 11 June 2019.

Is Wooden Ships registered on Peppol?

Yes, Wooden Ships is registered on the Peppol network with ID 0208:0727938874.

What is the enterprise number of Wooden Ships?

The enterprise number of Wooden Ships is BE0727938874.

When was Wooden Ships founded?

Wooden Ships was founded on 11 June 2019.

Who are the directors of Wooden Ships?

According to the 2025 annual accounts, the directors of Wooden Ships are: Baldes NV, François Bouchat, 350 Management B.V., DVS Management Gmbh, M80 Partners NV.

Is Wooden Ships a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 11 June 2019; 5 annual accounts filed, latest fiscal year 2025; 5 directors known from the annual account.

How much profit did Wooden Ships make in 2025?

Wooden Ships recorded a loss after taxes of € 150,219 in financial year 2025.

Wooden Ships (Public Limited) - Brussel - BE0727938874

Dossier Wooden Ships, printed on 29 October 2026 from databakkes.be/en/0727938874/wooden-ships. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
Busy address KBO

11 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

Wooden Ships from Brussel, company number BE0727938874, closed financial year 2025 with a result of € -150,219 after tax. Compared with financial year 2024, the result moved from € -409,211 to € -150,219. 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 August 31, 2026.

What it is worth Healthy

€ 22.6 million

▼ 1% vs 2024

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

Loss Caution

€ -150,219

▲ 63 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 11,648

▲ 68% vs 2024

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -1.8 million.

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.

€ 8.8 million

▼ 3% vs 2024

€ 785,707 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.

Owed to suppliers

€ 558,518

▲ 64% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 111 days on average.

Taxes

€ 61,350

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
Profit after taxes	€ -291,331 Profit after taxes 2022: € -291,331 First fiscal year in the series	€ -403,473 Profit after taxes 2023: € -403,473 ▼ € 112,142 vs 2022 (€ -291,331) Unfavourable step	€ -409,211 Profit after taxes 2024: € -409,211 ▼ € 5,738 vs 2023 (€ -403,473) Unfavourable step	€ -150,219 Profit after taxes 2025: € -150,219 ▲ € 258,992 vs 2024 (€ -409,211) Favourable step	▲ € 258,992
Equity	€ 23,585,720 Equity 2022: € 23,585,720 First fiscal year in the series	€ 23,182,247 Equity 2023: € 23,182,247 ▼ 2% vs 2022 (€ 23,585,720) Unfavourable step	€ 22,773,036 Equity 2024: € 22,773,036 ▼ 2% vs 2023 (€ 23,182,247) Unfavourable step	€ 22,622,817 Equity 2025: € 22,622,817 ▼ 1% vs 2024 (€ 22,773,036) Unfavourable step	▼ 1%
Total debts	€ 9,895,223 Total debts 2022: € 9,895,223 First fiscal year in the series	€ 9,419,205 Total debts 2023: € 9,419,205 ▼ 5% vs 2022 (€ 9,895,223) Favourable step	€ 9,473,466 Total debts 2024: € 9,473,466 ▲ 1% vs 2023 (€ 9,419,205) Unfavourable step	€ 9,542,007 Total debts 2025: € 9,542,007 ▲ 1% vs 2024 (€ 9,473,466) Unfavourable step	▲ 1%
Cash	€ 93,520 Cash 2022: € 93,520 First fiscal year in the series	€ 44,527 Cash 2023: € 44,527 ▼ 52% vs 2022 (€ 93,520) Unfavourable step	€ 6,944 Cash 2024: € 6,944 ▼ 84% vs 2023 (€ 44,527) Unfavourable step	€ 11,648 Cash 2025: € 11,648 ▲ 68% vs 2024 (€ 6,944) Favourable step	▲ 68%
Retained profit	€ -873,103 Retained profit 2022: € -873,103 First fiscal year in the series	€ -1,276,576 Retained profit 2023: € -1,276,576 ▼ € 403,473 vs 2022 (€ -873,103) Unfavourable step	€ -1,685,787 Retained profit 2024: € -1,685,787 ▼ € 409,211 vs 2023 (€ -1,276,576) Unfavourable step	€ -1,836,006 Retained profit 2025: € -1,836,006 ▼ € 150,219 vs 2024 (€ -1,685,787) Unfavourable step	▼ € 150,219
Bank debt	€ 8,528,576 Bank debt 2022: € 8,528,576 First fiscal year in the series	€ 8,654,527 Bank debt 2023: € 8,654,527 ▲ 1% vs 2022 (€ 8,528,576) Unfavourable step	€ 9,070,126 Bank debt 2024: € 9,070,126 ▲ 5% vs 2023 (€ 8,654,527) Unfavourable step	€ 8,833,567 Bank debt 2025: € 8,833,567 ▼ 3% vs 2024 (€ 9,070,126) Favourable step	▼ 3%
Balance sheet total	€ 33,480,943 Balance sheet total 2022: € 33,480,943 First fiscal year in the series	€ 32,601,451 Balance sheet total 2023: € 32,601,451 ▼ 3% vs 2022 (€ 33,480,943) Unchanged	€ 32,246,502 Balance sheet total 2024: € 32,246,502 ▼ 1% vs 2023 (€ 32,601,451) Unchanged	€ 32,164,824 Balance sheet total 2025: € 32,164,824 Unchanged (€ 32,246,502) Unchanged

Key figures of Wooden Ships, 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 Wooden Ships?

What happened at Wooden Ships in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Baldes NV stepped down as director. NBB
2031 François Bouchat stepped down as director. NBB
2031 350 Management B.V. stepped down as director. NBB
2031 DVS Management Gmbh stepped down as director. NBB
2031 M80 Partners NV stepped down as director. NBB
Aug 31, 2026 New annual accounts for financial year 2025: loss of € 150,219. filed late Source: NBB ↗
2020 Baldes NV became a director. NBB
2020 François Bouchat became a director. NBB

In short

From € 291,331 loss in 2022 to € 150,219 loss in 2025.

Pays suppliers within 111 days on average.

Original PDFs at the National Bank ↗

Management

M80 Capital 60%

The stake of M80 Capital comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Wooden Ships

Spantech International 100%

The shares are held by M80 Capital (60%). It owns 100% of Spantech International itself.

Directors

According to the 2025 annual accounts

Baldes NV

Director · represented by Carl Annicq

Also active at: PIDE, LASER ENGINEERING APPLICATIONS, Theuma Group, YUMA, CORTEZ NY

since 2020 · until 2031

François Bouchat

Director

since 2020 · until 2031

350 Management B.V.

Director · represented by Sjors Van Vorstenbos

since 2020 · until 2031

DVS Management Gmbh

Managing director · represented by Derek de villenfagne de Sorinnes

since 2020 · until 2031

M80 Partners NV

Director · represented by Peter Maenhout

Also active at: LASER ENGINEERING APPLICATIONS, M80 Capital, Coxcomb Red, M80 Capital II

since 2020 · until 2031

Shareholders

M80 Capital

60%

Participations

Spantech International

100%

Establishments

Establishment units

Physical locations of this company

Registered office

Livornostraat 158

1000 Brussel

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.

All companies at this address →

BALDES same network

€ 5,796 gross margin · 2025

M80 Partners same network

€ 1.6 million gross margin · 2025

M80 Capital same network

Coxcomb Red same network

€ 10,528 gross margin · 2025

Liburna

€ 157,604 gross margin · 2025

+6 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

0727.938.874

VAT number

BE 0727.938.874

Registered office

Livornostraat 158, 1000 Brussel

Names & denominations

Wooden Ships

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

11 June 2019

Peppol

Active · Active since 23 Dec 2025

Activities · NACE

Activiteiten van holdings

Holdings

Overige financiële dienstverlening, neg

Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen

View on CBE Public ↗ Annual accounts (NBB) ↗

Wooden Ships

Warning lights

Financials

What happened to Wooden Ships?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions