Seagull I

Active

Public limited companyfounded 2018active for 8 yearsIsabellalaan 1, 8380 Brugge, Belgium10 active companies are registered at this addressKBO/BCE: BE 0698.792.156

From the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Seagull I has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €303,602. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 49% of 351 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

Seagull IActiveChecked score 94/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 25-06-2018 Normal situation
Legal form: Public limited company
Registered office: Isabellalaan 1, 8380 Brugge
Activity: Electricity, gas, steam and air conditioning supply NACE 35150and 1 other
Establishment unit: 2.277.540.006 8380 Brugge, since 12-07-2018
Financial year end: 31 December
Peppol: Reachable since 16-12-2025

Company details

Who decides

Board

Katrien VergauwenDirector · since 20-03-2024
Didier Van OsselaerDirector · since 08-05-2024
Lionel MatthysenDirector · since 08-05-2024
Nicolas Van den AbeeleDirector · since 08-05-2024
Geert DhoogheDirector · since 17-12-2025

Auditor: BDO Bedrijfsrevisoren

Shareholders

ELECTRABEL62.49%annual accounts 2025
ENGIE SAconsolidatesannual accounts 2025
PORTFINECO37.51%annual accounts 2025

Board & ownership

How it is doing

94 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Annual accounts 2025

Turnover: €1.2m; ▼ 13.9%
Profit: €303,602; ▲ 16.8%
Equity: €2.2m; ▲ 0.1%
Total assets: €8.0m; ▼ 5.2%

2025 accounts 71 days early

Filed on 21-05-2026PDF

Financials

Why 94raises riskLiquidity: current ratio 1.61, cash €504,644lowers riskSize: turnover €1.2m, total assets €8.0mFigures for financial year 2025 (filed 27-05-2026)Legal form: public limited companyShow the evidence

Checked score

Score 2025

94 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 50% of its sector peers (NACE 35, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 53+2

equity 27.6% of total assets

Liquidity 56+5

short-term debt 13.6% · cash 6.3%

Profitability 77+5

return on assets 3.8%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (254 companies, NACE 35, small)

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025highest value 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.1%▼ -0.1 percentage points vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026lowest value

Credit of up to €110,000 on 30-day terms is acceptable

Liquidity ample (current ratio 1.61, compared with 1.64 in 2024, above the usual 1.5; short-term debt: 13.6% and cash: 6.3% of total assets), but 72.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 35, small): better than 44% on solvency, 63% on liquidity, 65% on profitability and 27% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Size: turnover €1.2m, total assets €8.0m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 1.61, cash €504,644

NBB · annual accounts

Figures for financial year 2025 (filed 27-05-2026)

NBB · annual accounts

Legal form: public limited company

KBO

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-05-2026, 71 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

71 days early

2024

64 days early

2023

78 days early

2022

67 days early

2021

76 days early

2020

59 days early

2019

50 days 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 66 days before the deadline; the sector median (NACE 35) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 May (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Positive: Always filed on timeaccounts within the deadline every year 8 years View
Positive: 7 profitable years in a rowprofit 2025: €303,602 7 years View
Board changedlatest change 23-06-2026 · 5 in office 1 joined · 1 left View

Documents

Key facts about Seagull I

What is the company number of Seagull I?: 0698.792.156. In Belgium the VAT number is the company number with BE in front: BE 0698.792.156.
Where is Seagull I based?: The registered office is at Isabellalaan 1, 8380 Brugge.Company details
What does Seagull I do?: According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35150).
What is the legal form of Seagull I?: Public limited company (NV).
When was Seagull I founded?: On 25-06-2018.
Is Seagull I still active?: Yes, Seagull I is an active enterprise in the KBO register.
What is the turnover of Seagull I?: €1.2m in financial year 2025, according to the filed annual accounts.Financials
Is Seagull I profitable?: In financial year 2025, Seagull I made a profit of €303,602.
Where can I find the annual accounts of Seagull I?: Seagull I filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of Seagull I due?: By 31-07-2027, for financial year 2026.Timeline