What does ZEEWALLE do?

ZEEWALLE is a construction company in Ieper. Public Limited, started on 8 September 2003, 1 establishment.

What is the address of ZEEWALLE?

The registered office of ZEEWALLE is located at Kemmelseweg 72, 8902 Ieper.

Is ZEEWALLE still active?

Yes. According to the CBE (29 October 2026) ZEEWALLE is active, legal situation “Normale toestand”, started on 8 September 2003.

Is ZEEWALLE registered on Peppol?

Yes, ZEEWALLE is registered on the Peppol network with ID 0208:0860389406.

What is the enterprise number of ZEEWALLE?

The enterprise number of ZEEWALLE is BE0860389406.

When was ZEEWALLE founded?

ZEEWALLE was founded on 8 September 2003.

Who are the directors of ZEEWALLE?

According to the 2025 annual accounts, the directors of ZEEWALLE are: Paul Gheysens, Passionata BV.

Is ZEEWALLE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 8 September 2003; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did ZEEWALLE make in 2025?

ZEEWALLE recorded a loss after taxes of € 9,123,667 in financial year 2025.

What is the revenue of ZEEWALLE?

As a small company, ZEEWALLE is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 8,277,487.

ZEEWALLE (Public Limited) - Ieper - BE0860389406

Dossier ZEEWALLE, printed on 29 October 2026 from databakkes.be/en/0860389406/zeewalle. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 47 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

ZEEWALLE from Ieper, company number BE0860389406, closed financial year 2025 with a result of € -9.1 million after tax. For that financial year ZEEWALLE recorded a gross margin of € 8.3 million and equity of € -2.1 million. Compared with financial year 2024, the result moved from € -325,568 to € -9.1 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 October 15, 2026.

What it is worth Caution

€ -2.1 million

▼ € 9.1 million vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -9.1 million

▼ 2702 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2,380

▼ 84% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -11.1 million.

People and assets in 2025

Vehicles and equipment

€ 22,756

▼ 19% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 45,041

▼ 31% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 142,850

▼ 31% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 74,455 Gross margin 2022: € 74,455 First fiscal year in the series	€ 30,433 Gross margin 2023: € 30,433 ▼ 59% vs 2022 (€ 74,455) Unfavourable step	€ 72,967 Gross margin 2024: € 72,967 ▲ 140% vs 2023 (€ 30,433) Favourable step	€ 8,277,487 Gross margin 2025: € 8,277,487 ▲ € 8.2 million vs 2024 (€ 72,967) Favourable step	▲ € 8.2 million
Profit after taxes	€ -69,991 Profit after taxes 2022: € -69,991 First fiscal year in the series	€ -140,231 Profit after taxes 2023: € -140,231 ▼ € 70,240 vs 2022 (€ -69,991) Unfavourable step	€ -325,568 Profit after taxes 2024: € -325,568 ▼ € 185,337 vs 2023 (€ -140,231) Unfavourable step	€ -9,123,667 Profit after taxes 2025: € -9,123,667 ▼ € 8.8 million vs 2024 (€ -325,568) Unfavourable step	▼ € 8.8 million
Equity	€ 7,440,202 Equity 2022: € 7,440,202 First fiscal year in the series	€ 7,299,971 Equity 2023: € 7,299,971 ▼ 2% vs 2022 (€ 7,440,202) Unfavourable step	€ 6,974,403 Equity 2024: € 6,974,403 ▼ 4% vs 2023 (€ 7,299,971) Unfavourable step	€ -2,149,264 Equity 2025: € -2,149,264 ▼ € 9.1 million vs 2024 (€ 6,974,403) Unfavourable step	▼ € 9.1 million
Total debts	€ 74,618 Total debts 2022: € 74,618 First fiscal year in the series	€ 7,093,530 Total debts 2023: € 7,093,530 ▲ € 7 million vs 2022 (€ 74,618) Unfavourable step	€ 7,291,276 Total debts 2024: € 7,291,276 ▲ 3% vs 2023 (€ 7,093,530) Unfavourable step	€ 188,016 Total debts 2025: € 188,016 ▼ 97% vs 2024 (€ 7,291,276) Favourable step	▼ 97%
Cash	€ 979 Cash 2022: € 979 First fiscal year in the series	€ 5,802 Cash 2023: € 5,802 ▲ € 4,823 vs 2022 (€ 979) Favourable step	€ 15,275 Cash 2024: € 15,275 ▲ 163% vs 2023 (€ 5,802) Favourable step	€ 2,380 Cash 2025: € 2,380 ▼ 84% vs 2024 (€ 15,275) Unfavourable step	▼ 84%
Land & buildings	€ 5,322,646 Land & buildings 2022: € 5,322,646 First fiscal year in the series	€ 5,221,140 Land & buildings 2023: € 5,221,140 ▼ 2% vs 2022 (€ 5,322,646) Unchanged	€ 5,095,680 Land & buildings 2024: € 5,095,680 ▼ 2% vs 2023 (€ 5,221,140) Unchanged	-
Retained profit	€ -1,559,798 Retained profit 2022: € -1,559,798 First fiscal year in the series	€ -1,700,029 Retained profit 2023: € -1,700,029 ▼ € 140,231 vs 2022 (€ -1,559,798) Unfavourable step	€ -2,025,597 Retained profit 2024: € -2,025,597 ▼ € 325,568 vs 2023 (€ -1,700,029) Unfavourable step	€ -11,149,264 Retained profit 2025: € -11,149,264 ▼ € 9.1 million vs 2024 (€ -2,025,597) Unfavourable step	▼ € 9.1 million
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 7,000,000 Bank debt 2023: € 7,000,000 Unchanged (€ 0) Unfavourable step	€ 7,000,000 Bank debt 2024: € 7,000,000 Unchanged (€ 7,000,000) Unchanged	€ 0 Bank debt 2025: € 0 ▼ 100% vs 2024 (€ 7,000,000) Favourable step	▼ 100%
Balance sheet total	€ 7,514,820 Balance sheet total 2022: € 7,514,820 First fiscal year in the series	€ 14,393,501 Balance sheet total 2023: € 14,393,501 ▲ 92% vs 2022 (€ 7,514,820) Unchanged	€ 14,265,679 Balance sheet total 2024: € 14,265,679 ▼ 1% vs 2023 (€ 14,393,501) Unchanged	€ 150,216 Balance sheet total 2025: € 150,216 ▼ 99% vs 2024 (€ 14,265,679) Unchanged	▼ 99%

Key figures of ZEEWALLE, 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 ZEEWALLE?

What happened at ZEEWALLE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Paul Gheysens stepped down as director. NBB
2029 Passionata BV stepped down as director. NBB
Oct 15, 2026 New annual accounts for financial year 2025: loss of € 9.1 million. filed late Source: NBB ↗
2023 Paul Gheysens became a director. NBB
2023 Passionata BV became a director. NBB
Sep 8, 2003 New establishment in Ieper. KBO
Sep 8, 2003 Start of the company according to the CBE. KBO

In short

From € 69,991 loss in 2022 to € 9.1 million loss in 2025.

Paid € 222,762 in corporate taxes since 2022.

Original PDFs at the National Bank ↗

Management

DEUS 99.9%

The stake of DEUS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

ZEEWALLE

The shares are held by DEUS (99.9%).

Directors

According to the 2025 annual accounts

Paul Gheysens

Managing director

Also active at: DOCK-SITE, R.H.R. - INDUSTRIES, GHELAMCO, GHELAMCO INVEST, SOGIMES, IMMOBILIERE NORTH SEA PROPERTIES, YPFINANCE, THE WHITE HOUSE ZOUTE +74 more

since 2023 · until 2029

Passionata BV

Managing director · represented by Ria Vandoorne

Also active at: IMMOBILIERE NORTH SEA PROPERTIES, PRODIP, ELZENWALLE, ZOUTEWIND, PROJECT BOUDEWIJNLAAN, ZOUTEKREKEN, PHORMIO, DEUS +2 more

since 2023 · until 2029

Shareholders

DEUS

99.9%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Kemmelseweg 72

8902 Ieper

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.

All companies at this address →

ELZENWALLE same network

€ 3 million gross margin · 2025

MEDICAL INTELLIGENCE HUB same network

GHLOBAL

€ 251,952 gross margin · 2025

ZOUTEWIND same network

€ 3.5 million gross margin · 2025

PASSIONATA same network

€ 102,355 gross margin · 2025

+1 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

0860.389.406

VAT number

BE 0860.389.406

Registered office

Kemmelseweg 72, 8902 Ieper

Names & denominations

ZEEWALLE

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

8 September 2003

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Algemene bouw van residentiële gebouwen

Bouwen van individuele huizen

Bemiddeling in verband met exploitatie van en handel in onroerend goed

Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed

Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis

View on CBE Public ↗ Annual accounts (NBB) ↗

ZEEWALLE

Warning lights

Financials

What happened to ZEEWALLE?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions