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.
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Shrinking team NBB
FTE fell two years in a row, from 6.2 to 5.2.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
GLOBAL SEA MINERAL RESOURCES from Oostende, company number BE0845548901, closed financial year 2025 with a result of € -4.3 million after tax. For that financial year GLOBAL SEA MINERAL RESOURCES recorded a gross margin of € -768,985 and equity of € 126.8 million. Compared with financial year 2024, the result moved from € -3.3 million to € -4.3 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 21, 2026.
€ 126.8 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.3 million
▼ 32 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.8 million
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -10.5 million.
People and assets in 2025
5.2
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▼ 8% vs 2024
€ 256,900 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
None
No bank loans on the last day of the fiscal year.
€ 2.4 million
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 277,787
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -619,808 | € -515,295 | € -1,795,329 | € -768,985 | ▲ € 1 million |
| Profit after taxes | € -2,436,775 | € -2,910,172 | € -3,277,183 | € -4,325,499 | ▼ € 1 million |
| Equity | € 8,251,064 | € 133,896,392 | € 131,152,922 | € 126,827,423 | ▼ 3% |
| Total debts | € 22,874,087 | € 3,202,868 | € 2,639,840 | € 2,715,131 | ▲ 3% |
| Cash | - | € 610,066 | € 2,916,452 | € 1,838,708 | ▼ 37% |
| Retained profit | € -11,454,936 | € -2,907,231 | € -6,184,414 | € -10,509,913 | ▼ € 4.3 million |
| Balance sheet total | € 31,161,758 | € 137,209,346 | € 133,922,267 | € 129,656,084 | ▼ 3% |
| Employees (FTE) | 3.2 | 6.2 | 5.7 | 5.2 | ▼ 0.5 |
Key figures of GLOBAL SEA MINERAL RESOURCES, 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 GLOBAL SEA MINERAL RESOURCES?
What happened at GLOBAL SEA MINERAL RESOURCES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Sofie Verlinden stepped down as director. NBB
- Hugo Bouvy stepped down as director. NBB
- David Keddington stepped down as director. NBB
- Luc Vandenbulcke stepped down as director. NBB
- Stijn Gaytant stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4.3 million. filed late Source: NBB ↗
- Stijn Gaytant became a director. NBB
- Sofie Verlinden became a director. NBB
In short
From € 2.4 million loss in 2022 to € 4.3 million loss in 2025.
Paid € 146,952 in corporate taxes since 2022.
Management
The shares are held by DEME Concessions NV (84.2%) and Transocean Drilling U.K. Ltd (15.8%). It owns 100% of DEEPTECH NV and 99.9% of GSR - CI LTD itself.
Directors
According to the 2025 annual accounts
Sofie Verlinden
Director
since 2023 · until 2029
since 2023 · until 2029
David Keddington
Director
since 2023 · until 2029
since 2023 · until 2029
since 2024 · until 2029
Shareholders
84.2%
Transocean Drilling U.K. Ltd
15.8%
Participations
100%
GSR - CI LTD
99.9%
Establishments
Establishment units
Physical locations of this company
Slijkensesteenweg 2
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
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€ -320,894 gross margin · 2025
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€ -56,577 gross margin · 2025
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0845.548.901
- VAT number
- BE 0845.548.901
- Registered office
- Slijkensesteenweg 2, 8400 Oostende
- Names & denominations
- GLOBAL SEA MINERAL RESOURCES · GSR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 April 2012
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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