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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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 2.3 to 1.7.
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Busy address KBO
59 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SEALEASE from Watermaal-Bosvoorde, company number BE0882704156, closed financial year 2025 with a result of € -12.4 million after tax. For that financial year SEALEASE recorded revenue of € 5.7 million and equity of € 9.7 million. Compared with financial year 2024, the result moved from € -807,813 to € -12.4 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 22, 2026.
€ 9.7 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12.4 million
▼ 1438 % more loss than in 2024
Profit after tax over the fiscal year.
€ 325,475
▼ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -19.4 million.
People and assets in 2025
1.7
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 226,567
▼ 7% vs 2024
€ 133,300 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.
Debts at end 2025
€ 22.1 million
▲ 14% vs 2024
€ 16.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 1 million
▲ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 109 days on average.
€ 23,459
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,311,580 | € 41,653,650 | € 4,243,357 | € 5,657,812 | ▲ 33% |
| Profit after taxes | € -1,074,650 | € -2,172,205 | € -807,813 | € -12,421,785 | ▼ € 11.6 million |
| Equity | € 8,080,534 | € 5,908,329 | € 10,100,515 | € 9,678,730 | ▼ 4% |
| Total debts | € 71,120,642 | € 28,527,902 | € 24,892,636 | € 31,940,400 | ▲ 28% |
| Cash | € 1,816,044 | € 205,463 | € 405,542 | € 325,475 | ▼ 20% |
| Retained profit | € -3,977,422 | € -6,149,627 | € -6,957,441 | € -19,379,226 | ▼ € 12.4 million |
| Bank debt | € 26,523,698 | € 21,694,320 | € 19,455,386 | € 22,127,473 | ▲ 14% |
| Balance sheet total | € 79,201,175 | € 34,481,230 | € 35,008,152 | € 41,619,130 | ▲ 19% |
| Employees (FTE) | 2.3 | 2.3 | 1.9 | 1.7 | ▼ 0.2 |
Key figures of SEALEASE, 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 SEALEASE?
What happened at SEALEASE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Sabit SAGIR stepped down as director. NBB
- YILDRIM YONETIM BV S. Etr. stepped down as director. NBB
- Fatih TOKKAL stepped down as director. NBB
- Ekin ACIKGOZ stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 12.4 million. filed late Source: NBB ↗
- Sabit SAGIR became a director. NBB
- YILDRIM YONETIM BV S. Etr. became a director. NBB
- Fatih TOKKAL became a director. NBB
In short
From € 1.1 million loss in 2022 to € 12.4 million loss in 2025.
Paid € 328,855 in corporate taxes since 2022.
Pays suppliers within 109 days on average.
Management
The shares are held by Blue Mountain Asset Management BV S. Etr. (100%). It owns 100% of Largo Shipping, 100% of Sealease Adriatic doo and 100% of Sealease France SAS itself.
Directors
According to the 2025 annual accounts
since 2024 · until 2027
Managing director · represented by Nihan PINAR
since 2024 · until 2027
Fatih TOKKAL
Director
since 2023 · until 2027
Ekin ACIKGOZ
Director
since 2023 · until 2027
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 185
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 59 companies are registered at this address.
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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
- 0882.704.156
- VAT number
- BE 0882.704.156
- Registered office
- Terhulpsesteenweg 185, 1170 Watermaal-Bosvoorde
- Names & denominations
- SEALEASE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 July 2006
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
Financiële lease
Verhuur en lease van transportmiddelen voor vervoer over water
Verhuur van schepen
Groothandel in sport- en kampeerartikelen, met uitzondering van fietsen
Handelsbemiddeling in de groothandel in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen
Overige zakelijke dienstverlening, neg
Detailhandel in overige sportartikelen
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
+7