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 23 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
NORTH SEA FASHION from De Panne, company number BE0826972906, closed financial year 2026 with a result of € 158,848 after tax. For that financial year NORTH SEA FASHION recorded a gross margin of € 534,996 and equity of € 84,185. Compared with financial year 2025, the result moved from € 255,818 to € 158,848. The company is profitable. 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 29, 2026.
€ 84,185
▲ 4% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 158,848
▼ 38% vs 2025
Profit after tax over the fiscal year.
€ 94,753
▼ 12% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 156,000 paid out
98 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2026
7.5
▼ 1.1 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 302,442
▼ 10% vs 2025
€ 40,300 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.
€ 5,803
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 658,278
▲ 20% vs 2025
€ 85,591 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 290,643
▲ 29% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 91,585
▼ 6% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 457,834 | € 491,553 | € 631,924 | € 534,996 | ▼ 15% |
| Profit after taxes | € 184,064 | € 111,234 | € 255,818 | € 158,848 | ▼ 38% |
| Equity | € 80,286 | € 80,520 | € 81,338 | € 84,185 | ▲ 4% |
| Total debts | € 1,155,496 | € 1,243,501 | € 1,280,379 | € 1,368,739 | ▲ 7% |
| Cash | € 110,608 | € 67,019 | € 107,466 | € 94,753 | ▼ 12% |
| Retained profit | € 61,686 | € 61,920 | € 62,738 | € 65,585 | ▲ 5% |
| Dividend | € 183,500 | € 111,000 | € 255,000 | € 156,000 | ▼ 39% |
| Bank debt | € 484,043 | € 553,497 | € 548,700 | € 658,278 | ▲ 20% |
| Balance sheet total | € 1,235,782 | € 1,324,020 | € 1,361,717 | € 1,452,924 | ▲ 7% |
| Employees (FTE) | 6.2 | 8.2 | 8.6 | 7.5 | ▼ 1.1 |
Key figures of NORTH SEA FASHION, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
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 2026: profit of € 158,848 (▼ 38% vs 2025). 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 € 184,064 profit in 2023 to € 158,848 profit in 2026.
Paid € 12,752 in corporate taxes since 2023.
Best year ever: 2025, with € 255,818 profit.
On average € 71,300 of value added per employee in 2026.
Management
Behind NORTH SEA FASHION are NSF Invest BV and Ann Dina Deschuymere.
Directors
According to the 2026 annual accounts
Director · represented by Rik Vandecasteele
Ann Dina Deschuymere
Director
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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