Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 2 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
NORTH SEA_OFFSHORE RENEWABLES from Oostende, company number BE0804696756, closed financial year 2025 with a result of € -6.1 million after tax. For that financial year NORTH SEA_OFFSHORE RENEWABLES recorded a gross margin of € -6 million and equity of € -6.1 million. Compared with financial year 2024, the result moved from € -13,052 to € -6.1 million. The company made a loss. 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 June 8, 2026.
€ -6.1 million
▼ € 6.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6.1 million
▼ 46919 % more loss than in 2024
Profit after tax over the fiscal year.
€ 229,215
▲ € 175,035 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -6.2 million.
Debts at end 2025
€ 6 million
Loans from banks and other lenders, long and short.
€ 445,041
▲ € 436,287 vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -11,368 | € -5,979,531 | ▼ € 6 million |
| Profit after taxes | € -13,052 | € -6,137,117 | ▼ € 6.1 million |
| Equity | € 48,448 | € -6,088,670 | ▼ € 6.1 million |
| Total debts | € 8,753 | € 6,592,439 | ▲ € 6.6 million |
| Cash | € 54,180 | € 229,215 | ▲ € 175,035 |
| Retained profit | € -13,052 | € -6,150,170 | ▼ € 6.1 million |
| Bank debt | € 0 | € 5,991,267 | |
| Balance sheet total | € 57,201 | € 503,769 | ▲ € 446,568 |
Key figures of NORTH SEA_OFFSHORE RENEWABLES, fiscal years 2024 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_OFFSHORE RENEWABLES?
What happened at NORTH SEA_OFFSHORE RENEWABLES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Nico BUEDTS stepped down as director. NBB
- Didier Albert Philip KETERS stepped down as director. NBB
- Frederik Gilbert SNOECK stepped down as director. NBB
- Pierre-Arthur Maurice LESTRADE stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 6.1 million. Source: NBB ↗
- New establishment in Oostende. KBO
- Nico BUEDTS became a director. NBB
- Didier Albert Philip KETERS became a director. NBB
In short
From € 13,052 loss in 2024 to € 6.1 million loss in 2025.
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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
The stake of Jan De Nul, Luminus comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NORTH SEA_OFFSHORE RENEWABLESThe shares are held by Jan De Nul (50%) and Luminus (25%).
Directors
According to the 2025 annual accounts
Nico BUEDTS
Director
since 2023 · until 2029
Didier Albert Philip KETERS
Director
since 2023 · until 2029
Frederik Gilbert SNOECK
Director
since 2023 · until 2029
Pierre-Arthur Maurice LESTRADE
Director
since 2023 · until 2029
Shareholders
50%
25%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kuipweg 13
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →GENIUS DEL NOLO
€ 201,536 gross margin · 2023
BEDRIJVENCENTRUM REGIO OOSTENDE
€ -2,309 gross margin · 2025
INSEC
€ 155,844 gross margin · 2025
S. Desmet
€ 127,429 gross margin · 2025
A.A.R.S. WEST ALL ASBESTOS REMOVAL SERVICES WEST
€ 700,813 gross margin · 2025
+2 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
- 0804.696.756
- VAT number
- BE 0804.696.756
- Registered office
- Kuipweg 13, 8400 Oostende
- Names & denominations
- NORTH SEA_OFFSHORE RENEWABLES · NSOR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 August 2023
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen