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E-SEA

Active
Public limited companyfounded 201016 yrs activeWethoudersstraat 26, 1050 Elsene, BelgiumKBO/BCE: BE 0827.368.824
Summary

E-SEA has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€60,245) and a net result of €174,328. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 8782 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Age of the figures
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 16 years 0 20 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8782 sector peers (2025).
NBB · sector comparison
Position among 8782 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
13 d late
2024
14 d late
2023
28 d late
2022
32 d late
2021
25 d late
2020
23 d late
2019
23 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 30 June 2010, E-SEA was incorporated.1 In 2026 the registered office moved to Bruxelles.2 Total assets went from EUR 3.5 million in 2018 to EUR 5,115 in 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 03-08-2026
  3. 3National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2025, abbreviated schema

Equity
-€60,245▲ 77.9%
2024 · -€272,073
Total assets
€147▼ 97.1%
2024 · €5,115
Net result
€174,328
2024 · -€4,859
Working capital
-€60,245▲ 77.9%
2024 · -€272,073
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€5,003-€304,436▼ 5,985%€1,300-€187€192,166
Net result-€80,280below the sector's middle half-€318,486below the sector's middle half▼ 297%-€3,098below the sector's middle half▲ 99.0%-€4,859below the sector's middle half▼ 56.9%€174,328above the sector's middle half
Equity€54,370within the sector's middle half▼ 98.0%-€264,116below the sector's middle half-€267,214below the sector's middle half▼ 1.2%-€272,073below the sector's middle half▼ 1.8%-€60,245below the sector's middle half▲ 77.9%
Total assets€979,318above the sector's middle half▼ 72.5%€33,677below the sector's middle half▼ 96.6%€38,972below the sector's middle half▲ 15.7%€5,115below the sector's middle half▼ 86.9%€147below the sector's middle half▼ 97.1%
Debt€924,948▲ 11.5%€297,792▼ 67.8%€306,185▲ 2.8%€277,188▼ 9.5%€60,392▼ 78.2%
Working capital-€135,219below the sector's middle half▼ 36.7%-€153,939below the sector's middle half▼ 13.8%-€167,214below the sector's middle half▼ 8.6%-€272,073below the sector's middle half▼ 62.7%-€60,245within the sector's middle half▲ 77.9%
Solvency5.6%below the sector's middle half▼ 71.1pp-784.3%below the sector's middle half▼ 789.8pp-685.7%below the sector's middle half▲ 98.6pp
Current ratio0.45below the sector's middle half▼ 0.040.18below the sector's middle half▼ 0.270.19below the sector's middle half▲ 0.010.02below the sector's middle half▼ 0.17
Return on assets (ROA)-8.2%below the sector's middle half▼ 8.4pp-945.7%below the sector's middle half▼ 937.5pp-7.9%below the sector's middle half▲ 937.8pp-95.0%below the sector's middle half▼ 87.1pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€400,000-€200,000€0€200,000Operating result 2021: -€5,003-€5,003Net result 2021: -€80,280-€80,280Operating result 2022: -€304,436-€304,436Net result 2022: -€318,486-€318,486Operating result 2023: €1,300€1,300Net result 2023: -€3,098-€3,098Operating result 2024: -€187-€187Net result 2024: -€4,859-€4,859Operating result 2025: €192,166€192,166Net result 2025: €174,328€174,32820212022202320242025-€50,000€0€50,000€100,000€150,000€200,000Operating result 2023: €1,300€1,300Net result 2023: -€3,098-€3,100Operating result 2024: -€187-€187Net result 2024: -€4,859-€4,860Operating result 2025: €192,166€192,000Net result 2025: €174,328€174,000202320242025
The operating result returns to profit in 2025: €192,166 after a loss of €187 in 2024, the highest result in the available series.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€60,392▼
2024 · €277,188
Income taxes
€14,300
Ratios withheld: a balance sheet total of €147 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
2.9% went bankrupt
4.8% stopped otherwise
92% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,632 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€5,115€147▼
Current assets29/58€5,115€147▼
Amounts receivable within one year40/41€5,115€0▼
Trade receivables40€5,000€0▼
Other amounts receivable41€115€0▼
Deferred charges and accrued income490/1-€147
Equity and liabilities
Total equity and liabilities10/49€5,115€147▼
Equity10/15-€272,073-€60,245▲
Contributions10/11€62,500€100,000▲
Capital10€62,500€100,000▲
Issued capital100€100,000€100,000=
Uncalled capital101€37,500€0▼
Reserves13€5,440€5,440=
Non-distributable reserves130/1€5,440€5,440=
Legal reserve130€5,440€5,440=
Profit (loss) carried forward14-€340,013-€165,685▲
Amounts payable17/49€277,188€60,392▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€277,188€60,392▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€32,677€16,874▼
Credit institutions430/8€32,677€16,874▼
Trade debts44€5,000€1,117▼
Suppliers440/4€5,000€1,117▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45-€21,007
Taxes450/3-€21,007
Other amounts payable47/48€239,510€21,394▼
Income statement Code20242025
Non-recurring operating income76A€2,213€60,617▲
Other operating charges640/8€525€387▼
Gross operating margin9900€338€192,553▲
Operating profit (loss)9901-€187€192,166▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€4,672€3,538▼
Recurring financial charges65€4,672€3,538▼
Profit (loss) for the period before taxes9903-€4,859€188,628▲
Income taxes67/77-€14,300
Profit (loss) for the period9904-€4,859€174,328▲
Profit (loss) for the period to be appropriated9905-€4,859€174,328▲
Appropriation of the result
Profit (loss) to be appropriated9906-€340,013-€165,685▲
Profit (loss) brought forward from the previous period14P-€335,154-€340,013▼
Line20212022202320242025Change
Non-recurring operating income76A---€2,213€60,617▲ 2,639%
Other operating charges640/8€868€868€960€525€387▼ 26.2%
Non-recurring operating charges66A-€318,871----
Gross operating margin9900-€4,135€15,303€2,260€338€192,553▲ 56,867%
Operating profit (loss)9901-€5,003-€304,436€1,300-€187€192,166▲ 102,972%
Financial income75/76B€3,608-€500€0--
Recurring financial income75€3,608-€500€0--
Financial charges65/66B€78,885€14,050€4,898€4,672€3,538▼ 24.3%
Recurring financial charges65€78,885€14,050€4,898€4,672€3,538▼ 24.3%
Profit (loss) for the period before taxes9903-€80,280-€318,486-€3,098-€4,859€188,628▲ 3,982%
Income taxes67/77----€14,300-
Profit (loss) for the period9904-€80,280-€318,486-€3,098-€4,859€174,328▲ 3,688%
Profit (loss) for the period to be appropriated9905-€80,280-€318,486-€3,098-€4,859€174,328▲ 3,688%
Line20212022202320242025Change
Assets
Total assets20/58€979,318€33,677€38,972€5,115€147▼ 97.1%
Fixed assets21/28€870,701-----
Financial fixed assets28€870,701-----
Current assets29/58€108,618€33,677€38,972€5,115€147▼ 97.1%
Amounts receivable after more than one year29€33,880-----
Other amounts receivable291€33,880-----
Amounts receivable within one year40/41€50,677€33,346€38,972€5,115€0▼ 100%
Trade receivables40€44,929€27,439€32,439€5,000€0▼ 100%
Other amounts receivable41€5,749€5,907€6,533€115€0▼ 100%
Cash at bank and in hand54/58-€331----
Deferred charges and accrued income490/1€24,060---€147-
Equity and liabilities
Total equity and liabilities10/49€979,318€33,677€38,972€5,115€147▼ 97.1%
Equity10/15€54,370-€264,116-€267,214-€272,073-€60,245▲ 77.9%
Contributions10/11€62,500€62,500€62,500€62,500€100,000▲ 60.0%
Capital10€62,500€62,500€62,500€62,500€100,000▲ 60.0%
Issued capital100€100,000€100,000€100,000€100,000€100,000=
Uncalled capital101€37,500€37,500€37,500€37,500€0▼ 100%
Reserves13€5,440€5,440€5,440€5,440€5,440=
Non-distributable reserves130/1€5,440€5,440€5,440€5,440€5,440=
Legal reserve130€5,440€5,440€5,440€5,440€5,440=
Profit (loss) carried forward14-€13,570-€332,056-€335,154-€340,013-€165,685▲ 51.3%
Amounts payable17/49€924,948€297,792€306,185€277,188€60,392▼ 78.2%
Amounts payable after more than one year17€675,815€105,298€100,000€0--
Financial debts170/4€675,815€105,298€100,000€0--
Amounts payable within one year42/48€243,837€187,616€206,185€277,188€60,392▼ 78.2%
Current portion of amounts payable after more than one year42€20,360€20,868€5,298€0--
Financial debts43€56,651€68,680€21,645€32,677€16,874▼ 48.4%
Credit institutions430/8€56,651€68,680€21,645€32,677€16,874▼ 48.4%
Trade debts44€14,225€1,577€868€5,000€1,117▼ 77.7%
Suppliers440/4€14,225€1,577€868€5,000€1,117▼ 77.7%
Advances received on contracts in progress46€33,734€33,734€33,734€0--
Taxes, remuneration and social security45€1,239---€21,007-
Taxes450/3€1,239---€21,007-
Other amounts payable47/48€117,627€62,757€144,640€239,510€21,394▼ 91.1%
Accrued charges and deferred income492/3€5,296€4,879----
Line20212022202320242025Change
Profit (loss) for the period9904-€80,280-€318,486-€3,098-€4,859€174,328▲ 3,688%
Operating cash flow (approximation)-€80,280-€318,486-€3,098-€4,859€174,328▲ 3,688%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
13-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
03-08
State Gazette act Registered office
Registered-office move2 facts ▸
  • General meeting, 10-07-2026
  • Registered-office move, 26 Rue du Magistrat, boite C.02, 1050 Bruxelles
2025
31-12
Financial Back to profitnet €174,328
Net result €174,328 after 4 loss-making years.
14-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
28-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
01-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial Weakest financial yearnet -€318,486
Net result drops to -€318,486, the lowest in the series; recovery starts the following year.
25-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
23-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial Back to profitnet €8,463
Net result €8,463 after 2 loss-making years.
08-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
02-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 2 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts

Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 1 of 10 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2010
seat establishment The establishment unit on the map
Ground area
7,256 m²
Building footprint
2,357 m²
Volume, LiDAR
56,715 m³
2 parcels, Brussels · tallest building 33.6 m, ±10 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Terhulpsesteenweg 120, 1000 Brussel
Financial service activities, except insurance and pension funding
since 20102.189.673.941
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21822R0523/00K002 Brussels 5,039 m² 1 · 1,939 m² 33.6 m · 10 fl.
21447B0185/00P005 Brussels 2,217 m² 1 · 418 m² 11.2 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

Owners 0

The accounts to 31-12-2021 list no shareholders, and no other source names one.

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

Stated earlier (1)

An older source named these holdings; newer accounts no longer list them.

According to the 2021 annual accounts of E-SEA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,601 companies in this sector we hold annual accounts for 52,629. See the whole sector

Company details

Identification
Legal formPublic limited company
Founded30-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47639Retail sale of other sporting goods
64210Activities of holding companies
73300Public relations and communication consultancy
77340Rental and leasing activities
82990Other business support services
Contact
E-mail philippe.wirtz@skynet.beBrussel
Phone +32 476 520 463Brussel
E-invoicing
Reachable via Peppol
Peppol ID 0208:0827368824
Registered 20-11-2020

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.