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 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Sea Design from Kortrijk, company number BE0764570925, closed financial year 2025 with a result of € -6,230 after tax. For that financial year Sea Design recorded a gross margin of € 23,571 and equity of € 12,689. Compared with financial year 2024, the result moved from € -7,302 to € -6,230. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 12,689
▼ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,230
▲ 15 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,422
▼ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -47,311.
Debts at end 2025
€ 199,493
▼ 8% vs 2024
€ 17,804 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 13,630
▲ 248% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 976
▲ 8% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 7,538 | € 23,125 | € 20,213 | € 23,571 | ▲ 17% |
| Profit after taxes | € -28,967 | € -4,812 | € -7,302 | € -6,230 | ▲ € 1,072 |
| Equity | € 31,033 | € 26,222 | € 18,920 | € 12,689 | ▼ 33% |
| Total debts | € 469,425 | € 458,490 | € 443,210 | € 438,437 | ▼ 1% |
| Cash | € 118 | € 1,738 | € 2,299 | € 1,422 | ▼ 38% |
| Land & buildings | € 489,951 | € 472,530 | € 452,291 | € 443,181 | ▼ 2% |
| Retained profit | € -28,967 | € -33,778 | € -41,080 | € -47,311 | ▼ € 6,230 |
| Bank debt | € 251,777 | € 234,535 | € 217,108 | € 199,493 | ▼ 8% |
| Balance sheet total | € 500,458 | € 484,712 | € 462,129 | € 451,126 | ▼ 2% |
Key figures of Sea Design, 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 Sea Design?
What happened at Sea Design in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 6,230. Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Kortrijk. KBO
- Sofie Vandecandelaere became a director. NBB
- Alexis Goovaerts became a director. NBB
In short
From € 28,967 loss in 2022 to € 6,230 loss in 2025.
Management
Behind Sea Design are Sofie Vandecandelaere and Alexis Goovaerts.
Directors
According to the 2025 annual accounts
Sofie Vandecandelaere
Bestuurder
since 2021
Alexis Goovaerts
Bestuurder
since 2021
Establishments
Establishment units
Physical locations of this company
Meiweg(Kor) 28
8500 Kortrijk
Kortrijksestraat(Heu) 257
8501 Kortrijk
Active since 3 March 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- VANDECANDELAERE Sofie Roos Hilde(oprichter) 33.3%
- GOOVAERTS Emmanuelle Marie Béatrice Pauline Joseph Ghislain(oprichter) 33.3%
- GOOVAERTS Alexis Francis Charles Marie Joseph Ghislain(oprichter) 33.3%
Details
- Company number
- 0764.570.925
- VAT number
- BE 0764.570.925
- Registered office
- Meiweg(Kor) 28, 8500 Kortrijk
- Names & denominations
- Sea Design
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 March 2021
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
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