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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Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NORTH SEA FASHION from De Panne, company number BE0826972906, closed financial year 2025 with a result of € 255,818 after tax. For that financial year NORTH SEA FASHION recorded a gross margin of € 631,924 and equity of € 81,338. Compared with financial year 2024, the result moved from € 111,234 to € 255,818. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 22, 2025.
€ 81,338
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 255,818
▲ 130% vs 2024
Profit after tax over the fiscal year.
€ 107,466
▲ 60% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 255,000 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
8.6
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 335,301
▼ 1% vs 2024
€ 39,000 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
€ 548,700
▼ 1% vs 2024
€ 71,508 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 225,668
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 97,734
▲ 23% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 413,687 | € 457,834 | € 491,553 | € 631,924 | ▲ 29% |
| Profit after taxes | € 197,877 | € 184,064 | € 111,234 | € 255,818 | ▲ 130% |
| Equity | € 79,723 | € 80,286 | € 80,520 | € 81,338 | ▲ 1% |
| Total debts | € 901,664 | € 1,155,496 | € 1,243,501 | € 1,280,379 | ▲ 3% |
| Cash | € 107,976 | € 110,608 | € 67,019 | € 107,466 | ▲ 60% |
| Retained profit | € 61,123 | € 61,686 | € 61,920 | € 62,738 | ▲ 1% |
| Dividend | € 195,000 | € 183,500 | € 111,000 | € 255,000 | ▲ 130% |
| Bank debt | € 462,741 | € 484,043 | € 553,497 | € 548,700 | ▼ 1% |
| Balance sheet total | € 981,386 | € 1,235,782 | € 1,324,020 | € 1,361,717 | ▲ 3% |
| Employees (FTE) | 5.2 | 6.2 | 8.2 | 8.6 | ▲ 0.4 |
Key figures of NORTH SEA FASHION, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 31 August 2026.
What happened to NORTH SEA FASHION?
What happened at NORTH SEA FASHION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 255,818 (▲ 130% vs 2024). filed late Source: NBB ↗
- New establishment in De Panne. KBO
- New establishment in De Panne. KBO
- New establishment in De Panne. KBO
- New establishment in De Panne. KBO
- Start of the company according to the CBE. KBO
- New establishment in De Panne. KBO
In short
From € 197,877 profit in 2022 to € 255,818 profit in 2025.
Paid € 18,333 in corporate taxes since 2022.
Best year ever: 2025, with € 255,818 profit.
On average € 73,500 of value added per employee 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
Behind NORTH SEA FASHION are NSF Invest BV and Ann Deschuymere. Ann Deschuymere is also behind NSF Invest.
Directors
According to the 2025 annual accounts
Director · represented by Rik Vandecasteele
Establishments
Establishment units
Physical locations of this company
Duinkerkelaan 4
8660 De Panne
Zeelaan 119
8660 De Panne
Active since 24 June 2010
Zeelaan 141
8660 De Panne
Active since 1 April 2015
Zeelaan 138
8660 De Panne
Active since 1 April 2015
Zeelaan 162-164
8660 De Panne
Active since 28 March 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0826.972.906
- VAT number
- BE 0826.972.906
- Registered office
- Duinkerkelaan 4, 8660 De Panne
- Names & denominations
- NORTH SEA FASHION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 2010
- Peppol
- Active · Active since 7 Oct 2025
- Activities · NACE
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