Active · per the CBE, 1 October 2026

Wooden Ships

BE0727938874

Rechtspersoon Public limited company 1 establishment

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

Livornostraat 158, 1000 Brussel

Active for

7 year, 3 months

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

€ 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.

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Key figures per fiscal year Download key figures (CSV)
2022202320242025Change 2024 → 2025
Profit after taxes € -291,331 € -403,473 € -409,211 € -150,219 ▲ € 258,992
Equity € 23,585,720 € 23,182,247 € 22,773,036 € 22,622,817 ▼ 1%
Total debts € 9,895,223 € 9,419,205 € 9,473,466 € 9,542,007 ▲ 1%
Cash € 93,520 € 44,527 € 6,944 € 11,648 ▲ 68%
Retained profit € -873,103 € -1,276,576 € -1,685,787 € -1,836,006 ▼ € 150,219
Bank debt € 8,528,576 € 8,654,527 € 9,070,126 € 8,833,567 ▼ 3%
Balance sheet total € 33,480,943 € 32,601,451 € 32,246,502 € 32,164,824

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:

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

A new publication or filing at Wooden Ships? We notify you, reason included.

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My folder 3 companies
  • De Lijn 8 June 2026 New annual account 2025

    filed on 8 June 2026

    What was left

    € 20 k ▼ 91%

    Money in the bank

    € 178 k ▼ 98%

    Open the dossier →

  • NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
  • bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Real filings 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.

See the full network in the app

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) ↗

Frequently asked questions

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 (1 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.