Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 8 to 7.
-
Busy address KBO
24 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Société d'Exploitation du Pioneering Spirit from Essen, company number BE0888918589, closed financial year 2025 with a result of € -90.1 million after tax. For that financial year Société d'Exploitation du Pioneering Spirit recorded revenue of € 103.2 million and equity of € 1.7 billion. Compared with financial year 2024, the result moved from € 109.8 million to € -90.1 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 June 16, 2026.
€ 1.7 billion
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -90.1 million
▼ still € 109.8 million profit in 2024
Profit after tax over the fiscal year.
€ 194,930
▲ 150% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 356 million.
People and assets in 2025
7
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▼ 34% vs 2024
€ 273,000 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.
€ 1.5 billion
▼ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 29.9 million
▲ 134% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 117 days on average.
€ 1.3 million
▼ 31% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 76,416,955 | € 104,339,111 | € 269,357,424 | € 103,217,818 | ▼ 62% |
| Profit after taxes | € -74,642,253 | € -24,531,862 | € 109,817,766 | € -90,073,286 | ▼ € 199.9 million |
| Equity | € 1,699,150,228 | € 1,674,618,366 | € 1,784,436,131 | € 1,694,362,845 | ▼ 5% |
| Total debts | € 48,741,619 | € 130,299,136 | € 64,922,975 | € 92,927,540 | ▲ 43% |
| Cash | € 13,804 | € 16,471 | € 77,879 | € 194,930 | ▲ 150% |
| Retained profit | € 360,833,228 | € 336,301,366 | € 446,119,131 | € 356,045,845 | ▼ 20% |
| Balance sheet total | € 1,785,931,143 | € 1,819,834,976 | € 1,853,030,257 | € 1,812,470,817 | ▼ 2% |
| Employees (FTE) | 8.5 | 8 | 7.4 | 7 | ▼ 0.4 |
Key figures of Société d'Exploitation du Pioneering Spirit, 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 Société d'Exploitation du Pioneering Spirit?
What happened at Société d'Exploitation du Pioneering Spirit in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Eduard Verlinden stepped down as director. NBB
- Pieter Heerema stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 90.1 million (▼ € 199.9 million vs 2024). Source: NBB ↗
- Edward Heerema stepped down as director. NBB
- Eduard Verlinden became a director. NBB
- Edward Heerema became a director. NBB
- Pieter Heerema became a director. NBB
- New establishment in Essen. KBO
In short
From € 74.6 million loss in 2022 to € 90.1 million loss in 2025.
Paid € 21.3 million in corporate taxes since 2022.
Best year ever: 2024, with € 109.8 million profit.
Pays suppliers within 117 days on average.
A new publication or filing at Société d'Exploitation du Pioneering Spirit? We notify you, reason included.
Follow Société d'Exploitation du Pioneering SpiritDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Allseas Group SA (100%).
Directors
According to the 2025 annual accounts
Eduard Verlinden
Director
Also active at: ALLSEAS MARINE SERVICES, Calamity Jane Transport Chartering, Solitaire Transport Chartering, Tog Mor Transport Chartering, Offshore Equipment Chartering, Oceanic Marine Contractors, CALAMITY JANE MARINE CONTRACTORS, Lorelay Marine Contractors +10 more
since 2025 · until 2030
Edward Heerema
Chairman of the board
Also active at: ALLSEAS MARINE SERVICES, Audacia Transport Chartering, Calamity Jane Transport Chartering, Lorelay Transport Chartering, Solitaire Transport Chartering, Tog Mor Transport Chartering, Offshore Equipment Chartering, Fortitude Marine Contractors +15 more
since 2024 · until 2026
Pieter Heerema
Managing director
Also active at: Audacia Transport Chartering, Calamity Jane Transport Chartering, Lorelay Transport Chartering, Solitaire Transport Chartering, Tog Mor Transport Chartering, Offshore Equipment Chartering, Fortitude Marine Contractors, Oceanic Marine Contractors +13 more
since 2024 · until 2030
Shareholders
Allseas Group SA
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Stationsstraat 180
2910 Essen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 24 companies are registered at this address.
All companies at this address →ALLSEAS MARINE SERVICES same network
Audacia Transport Chartering same network
Calamity Jane Transport Chartering same network
€ 82.7 million revenue · 2025
Lorelay Transport Chartering same network
€ 94.7 million revenue · 2025
Solitaire Transport Chartering same network
€ 31.5 million revenue · 2025
+19 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
- 0888.918.589
- VAT number
- BE 0888.918.589
- Registered office
- Stationsstraat 180, 2910 Essen
- Names & denominations
- Société d'Exploitation du Pioneering Spirit · SEPS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 April 2007
- Peppol
- Active · Active since 5 Dec 2025
- Activities · NACE
Goederenvervoer over zee- en kustwateren
Bouw en reparatie van schepen
Reparatie en onderhoud van civiele schepen