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SeaMade

Active
Public limited companyfounded 2013active for 12 yearsBuskruitstraat 3, 8400 Oostende, BelgiumKBO/BCE: BE 0543.401.324
Summary

SeaMade has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118.5m and a net result of €41.7m. Equity is growing by about 7.4% per year across the filed financial years. Its solvency ranks better than 28% of 349 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
SeaMadeActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Electricity, gas, steam and air conditioning supply
NACE 35150
Largest company by total assets in Ostend, Energy sector1 site
Size
€171.5mturnover 2025
Equity
€118.5m
Profit
€41.7m
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
OTARY BIS · 70%
Board
11 members
Auditor: DELOITTE Bedrijfsrevisoren BV2025 accounts 25 days early8 of 41 deeds summarised
Why 95raises riskEquity €118.5m (11.9% of total assets)Liquidity: current ratio 1.90, cash €42.7mlowers riskSize: turnover €171.5m, total assets €995.6mFounded in 2013Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 58% of its sector peers (NACE 35, large)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 37+1
equity 11.9% of total assets
Liquidity 55-1
short-term debt 7.6% · cash 4.3%
Profitability 81=
return on assets 4.2%
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 0.2% (54 companies, NACE 35, large)
Last 24 months 11-2024: 0.1%highest value 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €11,250,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.9, compared with 1.3 in 2024, above the usual 1.5; short-term debt: 7.6% and cash: 4.3% of total assets), but 88.1% 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, large): better than 37% on solvency, 78% on liquidity, 78% on profitability and 38% on growth.

The bankruptcy probability was computed on 24-10-2026 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
lowers risk · Size: turnover €171.5m, total assets €995.6m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €118.5m (11.9% of total assets)
NBB · annual accounts
lowers risk · Founded in 2013
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 1.90, cash €42.7m
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 days early
2024
43 days early
2023
48 days early
2022
69 days early
2021
31 days early
2020
65 days early
2019
36 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 45 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)
neutral · 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 18 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)Gazette deed
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: Largest company by total assets in Ostend, Energy sectorin the Checked rankings No. 1 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by OTARY BISknown shareholders 100% 70% View
  • Positive: 6 profitable years in a rowprofit 2025: €41.7m 6 years View

By topic

Financials

Financial year
2025
Turnover
€171.5m
Profit
€41.7m
Solvency
11.9%
Turnover▼ 7.7%
Net result
20202025
Go to Financials

Board & ownership

Board
11 members
Parent
OTARY BIS · 70%
Known shareholders
100%
Auditor
DELOITTE Bedrijfsrevisoren BV
  • Bert DevriendtDirector
  • SPARAXISDirector
  • Craig WindramDirector
  • Daan Van HoyweghenDirector
  • Koen JanssenDirector

and 6 other directors

Go to Board & ownership

Timeline

Events
24
Since
2015
Next accounts
by 31-07-2027
  1. 04-06-2025Appointments: Daan Van Hoyweghen (bestuurder soort b)…
  2. 22-10-2024Resignations: Grzegorz Gorski (director) and Daniel Finch…
  3. 13-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Electricity, gas, steam and air conditioning supplyNACE 35150
Founded
16-12-2013
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
9
Annual meeting
Third Friday of May at 11:00
Purpose
“Alle handelingen die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk betrekking…” (deed in Dutch)
Go to Articles of association

Key facts about SeaMade

What is the company number of SeaMade?
0543.401.324. In Belgium the VAT number is the company number with BE in front: BE 0543.401.324.
Where is SeaMade based?
The registered office is at Buskruitstraat 3, 8400 Oostende.Company details
What does SeaMade 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 SeaMade?
Public limited company (NV).
When was SeaMade founded?
On 16-12-2013.
Is SeaMade still active?
Yes, SeaMade is an active enterprise in the KBO register.
What is the turnover of SeaMade?
€171.5m in financial year 2025, according to the filed annual accounts.Financials
Is SeaMade profitable?
In financial year 2025, SeaMade made a profit of €41.7m.
Where can I find the annual accounts of SeaMade?
SeaMade filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SeaMade due?
By 31-07-2027, for financial year 2026.Timeline

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