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 47 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
D-Sea from Retie, company number BE0839422360, closed financial year 2025 with a result of € 686,029 after tax. For that financial year D-Sea recorded revenue of € 1.5 million and equity of € 10.4 million. Compared with financial year 2024, the result moved from € 375,082 to € 686,029. Profitable, and profit is growing. 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 24, 2026.
€ 10.4 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 686,029
▲ 83% vs 2024
Profit after tax over the fiscal year.
€ 374,924
▲ 60% 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 € 3.5 million.
People and assets in 2025
€ 68,024
▼ 22% vs 2024
Of which on lease € 57,339.
Debts at end 2025
€ 59,089
▼ 21% vs 2024
€ 16,812 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 29,651
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 21 days on average.
€ 55,163
▼ 38% 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 | |
|---|---|---|---|---|---|
| Revenue | - | € 1,000,436 | € 1,062,371 | € 1,512,347 | ▲ 42% |
| Gross margin | € 774,478 | - | - | - | |
| Profit after taxes | € 518,174 | € 429,733 | € 375,082 | € 686,029 | ▲ 83% |
| Equity | € 8,954,272 | € 9,384,005 | € 9,759,087 | € 10,445,116 | ▲ 7% |
| Total debts | € 2,999,936 | € 2,114,270 | € 1,987,129 | € 1,480,841 | ▼ 25% |
| Cash | € 604,532 | € 92,958 | € 234,270 | € 374,924 | ▲ 60% |
| Land & buildings | € 1,876 | - | - | - | |
| Retained profit | € 2,027,386 | € 2,457,119 | € 2,832,201 | € 3,518,230 | ▲ 24% |
| Bank debt | € 0 | € 0 | € 75,167 | € 59,089 | ▼ 21% |
| Balance sheet total | € 11,954,208 | € 11,498,275 | € 11,746,216 | € 11,925,957 | ▲ 2% |
Key figures of D-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 D-Sea?
What happened at D-Sea in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Dominique Van Gansewinkel stepped down as director. NBB
- Johan Smet stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 686,029 (▲ 83% vs 2024). Source: NBB ↗
- Dominique Van Gansewinkel became a director. NBB
- Johan Smet became a director. NBB
- New establishment in Retie. KBO
- Start of the company according to the CBE. KBO
In short
From € 518,174 profit in 2022 to € 686,029 profit in 2025.
Paid € 684,195 in corporate taxes since 2022.
Best year ever: 2025, with € 686,029 profit.
Pays suppliers within 21 days on average.
Management
It owns 100% of Benvitec Holding Maatschappij NV, 75% of ASV - Alfons Smet Vastgoed and 10.1% of Group Renotec itself.
Directors
According to the 2025 annual accounts
Dominique Van Gansewinkel
Director
since 2026 · until 2032
Johan Smet
Managing director
Also active at: Alfons Smet Vastgoed, Benvitec, IFTECH, Embuild Antwerpen, BENVITEC HOLDING MAATSCHAPPIJ, Alfons Smet Residenties, BlueFil
since 2026 · until 2032
Establishments
Establishment units
Physical locations of this company
Het Kuiltje 11
2470 Retie
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0839.422.360
- VAT number
- BE 0839.422.360
- Registered office
- Het Kuiltje 11, 2470 Retie
- Names & denominations
- D-Sea
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 September 2011
- Peppol
- Active · Active since 28 Mar 2025
- Activities · NACE
Activiteiten van holdings
Holdings
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Personenvervoer over zee- en kustwateren
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