seaside
ActiveThe computed 12-month bankruptcy probability of seaside is 2.1% (moderate). The 2024 annual accounts show negative equity (€-798) and a net result of €-9k. Equity is shrinking by ~35.4% per year across the filed fiscal years. Its solvency ranks better than 17% of 2935 sector peers (fiscal year 2024). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability4▼-76
Solvency24▼-13
Growth23▼-18
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.58 against 1.78 in 2023; short-term debt: 26.2% and cash: 13.9% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-1.4%
Return on assets
-14.9%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-798
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-02-2026, 187 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
187 d late
2023
552 d late
2022
828 d late
2021
1128 d late
2020
1466 d late
2019
229 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€97k▼ 14.8%
2023 · €114k
2018: €167k
2020: €72k
2021: €99k
2022: €118k
2023: €114k
2018 → 2024
EBIT margin
-17.4%▼ 17.3pp
2023 · 0.0%
2018: -5.6%
2020: -34.6%
2021: -13.4%
2022: -13.3%
2023: 0.0%
2018 → 2024
Net result
€-9k
2023 · €7k
2018: €-7k
2019: €-6k
2020: €-6k
2021: €-2k
2022: €-12k
2023: €7k
2018 → 2024
Working capital
€9k▲ 12.2%
2023 · €8k
2018: €11k
2019: €12k
2020: €10k
2021: €-6k
2022: €42
2023: €8k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€72k-€99k▲ 38.0%€118k▲ 18.9%€114k▼ 4.0%€97k▼ 14.8%
Equity€15k-€13k▼ 13.1%€1k▼ 90.9%€8k▲ 585%€-798
Operating result€-25k-€-13k▲ 46.7%€-16k▼ 18.1%€-6▲ 100.0%€-17k▼ 282,053%
Net result€-6k-€-2k▲ 70.0%€-12k▼ 501%€7k€-9k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2024 against €6 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59k
Fixed assets
€34k▼ 29.7%
Current assets
€24k▲ 34.1%
Key figures and ratios
EBITDA
€-2k▼
2023 · €16k
Cash flow
€6k▼
2023 · €23k
Solvency
-1.4%▼
2023 · 11.8%
Current ratio
1.58▼
2023 · 1.78
Quick ratio
1.45▼
2023 · 1.56
ROA
-14.9%▼
2023 · 10.1%
Interest coverage
-3.32▼
2023 · 33.72
Debt
€59k▲
2023 · €59k
Debt ≤ 1 year
€15k▲
2023 · €10k
Debt > 1 year
€44k▼
2023 · €49k
Equity ratios withheld: equity of €-798 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€67k€59k▼
Fixed assets21/28€49k€34k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€42k€28k▼
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€32k€21k▼
Financial fixed assets28€6k€6k=
Current assets29/58€18k€24k▲
Stocks and contracts in progress3€2k€2k▼
Stocks30/36€2k€2k▼
Amounts receivable within one year40/41€7k€14k▲
Other amounts receivable41€7k€14k▲
Cash at bank and in hand54/58€9k€8k▼
Equity and liabilities
Total equity and liabilities10/49€67k€59k▼
Equity10/15€8k€-798▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-13k€-21k▼
Amounts payable17/49€59k€59k▲
Amounts payable after more than one year17€49k€44k▼
Financial debts170/4€49k€44k▼
Amounts payable within one year42/48€10k€15k▲
Trade debts44€7k€7k▼
Suppliers440/4€7k€7k▼
Taxes, remuneration and social security45€3k€8k▲
Taxes450/3€3k€8k▲
Income statement
Code20232024
Turnover70€114k€97k▼
Goods, raw materials, services and sundry goods60/61€93k€97k▲
Remuneration, social security and pensions62€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€14k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€20k€-330▼
Operating profit (loss)9901€-6€-17k▼
Financial income75/76B€7k€9k▲
Recurring financial income75€7k€9k▲
Financial charges65/66B€470€692▲
Recurring financial charges65€470€692▲
Profit (loss) for the period before taxes9903€7k€-9k▼
Profit (loss) for the period9904€7k€-9k▼
Profit (loss) for the period to be appropriated9905€7k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-21k▼
Profit (loss) brought forward from the previous period14P€-19k€-13k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 187 days late
03-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 552 days late
2025
05-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 828 days late
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1128 days late
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1466 days late
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after 5 loss-making years.
2022
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
2021
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 229 days late
2019
20-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 112 days late
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 134 days late
2017
22-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 114 days late
09-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 221 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oostkamp · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stationsstraat 38020 OostkampGround area
155 m²
Building footprint
179 m²
Volume, LiDAR
952 m³
Parcel 31022I0311/00M000, Flanders · tallest building 11.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Orscamp
since 20092.181.920.572
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31022I0311/00M000 | Flanders | 155 m² | 1 · 179 m² | 11.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostkamp2.181.920.572
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 6,361 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-06-1998
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.