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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
BASKET@SEA from Oostende, company number BE0749623423, closed financial year 2025 with a result of € 9,876 after tax. For that financial year BASKET@SEA recorded a gross margin of € 2.5 million and equity of € -782,807. Compared with financial year 2024, the result moved from € -188,256 to € 9,876. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 28, 2026.
€ -782,807
▲ € 9,876 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,876
▲ still € 188,256 loss in 2024
Profit after tax over the fiscal year.
€ 303,913
▼ 18% 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 € -1.9 million.
People and assets in 2025
36.8
▲ 4.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.5 million
▲ 5% vs 2024
€ 66,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 751,147
▼ 14% vs 2024
€ 124,244 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 631,670
▲ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 132,573
▲ 54% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,912,643 | € 1,763,529 | € 2,322,307 | € 2,542,469 | ▲ 9% |
| Profit after taxes | € -211,774 | € -380,519 | € -188,256 | € 9,876 | ▲ € 198,132 |
| Equity | € -636,458 | € -1,004,477 | € -792,683 | € -782,807 | ▲ € 9,876 |
| Total debts | € 1,946,154 | € 1,981,494 | € 1,710,496 | € 1,987,641 | ▲ 16% |
| Cash | € 487,893 | € 270,980 | € 370,988 | € 303,913 | ▼ 18% |
| Retained profit | € -1,374,158 | € -1,754,677 | € -1,942,933 | € -1,933,057 | ▲ € 9,876 |
| Bank debt | € 1,090,000 | € 904,413 | € 870,128 | € 751,147 | ▼ 14% |
| Balance sheet total | € 1,309,696 | € 977,017 | € 983,057 | € 1,248,606 | ▲ 27% |
| Employees (FTE) | 26.7 | 31.3 | 32.1 | 36.8 | ▲ 4.7 |
Key figures of BASKET@SEA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to BASKET@SEA?
What happened at BASKET@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 € 9,876. Source: NBB ↗
- Julie Stuyven stepped down as director. NBB
- Monia Ben Tahar stepped down as director. NBB
- Martijn Pauwels became a director. NBB
- Julie Stuyven became a director. NBB
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 211,774 loss in 2022 to € 9,876 profit in 2025.
Paid € 25,406 in corporate taxes since 2022.
Best year ever: 2025, with € 9,876 profit.
On average € 69,100 of value added per employee in 2025.
Management
The stake of CREASULT, DOos comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BASKET@SEABehind BASKET@SEA are Francis Volckaert, Eric Van Hal, Johan Verborgh and Martijn Pauwels. The shares are held by CREASULT (16.7%) and DOos. It owns 100% of Dome@Sea itself.
Directors
According to the 2025 annual accounts
Francis Volckaert
Director
Also active at: VOLCKAERT en VOLCKAERT Advocatenkantoor, DLPA Advocaten, ROFRAMA, FRAVOL
Johan Verborgh
Director
Also active at: arQ | Architectuurstudio, arQ | ArchitectenStudio, ADELANTE, CREASULT, BeNeLeague Basketball, CASA DUE, LA BRUGEOISE, DÔME@SEA
since 2021
Monia Ben Tahar
Director
· until 2025
Julie Stuyven
Director
Also active at: UNIBEL TECH, LDL Rent, LAUNDRY RENTAL SOLUTIONS, LDL IMMO, LDL GROUP HOLDING, ADL Holding, LDL Coin
since 2021 · until 2025
Participations
100%
Establishments
Establishment units
Physical locations of this company
Northlaan 13
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0749.623.423
- VAT number
- BE 0749.623.423
- Registered office
- Northlaan 13, 8400 Oostende
- Names & denominations
- BASKET@SEA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 2020
- Peppol
- Active · Active since 18 Jul 2025
- Activities · NACE
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Detailhandel in souvenirs en religieuze artikelen
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