Financials
Financial year 2025
North Sea from Koksijde, company number BE0749825341, closed financial year 2025 with a result of € 16,399 after tax. For that financial year North Sea recorded a gross margin of € 117,996 and equity of € 43,376. Compared with financial year 2024, the result moved from € 20,807 to € 16,399. The company is profitable. 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 July 31, 2026.
€ 43,376
▲ 61% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16,399
▼ 21% vs 2024
Profit after tax over the fiscal year.
€ 8,332
▲ € 7,751 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 € 37,376.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 86,153
▼ 15% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 7,608
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 44,890
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 26,596
▲ 77% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -34,216 | € 139,756 | € 142,836 | € 117,996 | ▼ 17% |
| Profit after taxes | € -52,855 | € 54,479 | € 20,807 | € 16,399 | ▼ 21% |
| Equity | € -46,809 | € 7,670 | € 26,977 | € 43,376 | ▲ 61% |
| Total debts | € 92,748 | € 120,545 | € 73,778 | € 74,936 | ▲ 2% |
| Cash | € 4,478 | € 8,916 | € 581 | € 8,332 | ▲ € 7,751 |
| Land & buildings | - | € 2,615 | € 9,022 | € 17,974 | ▲ 99% |
| Retained profit | € -52,809 | € 1,670 | € 20,977 | € 37,376 | ▲ 78% |
| Dividend | € 0 | € 0 | € 1,500 | € 0 | ▼ 100% |
| Balance sheet total | € 45,939 | € 128,214 | € 100,755 | € 118,312 | ▲ 17% |
Key figures of North 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 31 July 2027.
What happened to North Sea?
What happened at North 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 € 16,399 (▼ 21% vs 2024). Source: NBB ↗
- New establishment in Nieuwpoort. KBO
- New establishment in Nieuwpoort. KBO
- Mustafa Loy-Akgundogdu became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 52,855 loss in 2022 to € 16,399 profit in 2025.
Paid € 8,946 in corporate taxes since 2022.
Best year ever: 2023, with € 54,479 profit.
Paid out € 1,500 in dividends to the owners in total.
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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
Management
Behind North Sea is Mustafa Loy-Akgundogdu. Mustafa Loy-Akgundogdu is also behind LA SICILIA.
Directors
According to the 2025 annual accounts
since 2020
Establishments
Establishment units
Physical locations of this company
Koninklijke Baan(Kok) 130
8670 Koksijde
Albert I laan 255
8620 Nieuwpoort
Active since 7 July 2020
Kaai 6
8620 Nieuwpoort
Active since 1 September 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0749.825.341
- VAT number
- BE 0749.825.341
- Registered office
- Koninklijke Baan(Kok) 130, 8670 Koksijde
- Names & denominations
- North Sea
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 July 2020
- Peppol
- Active · Active since 19 Nov 2025
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening