SEASIDE WEST
ActiveThe computed 12-month bankruptcy probability of SEASIDE WEST is 1.6% (moderate). The 2024 annual accounts show equity of €35k and a net result of €5k. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 89% of 18938 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
100
/ 100
Excellent▲ +30 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▲+75
Solvency100▲+7
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.59 against 1.68 in 2023), and 23.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 →
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 · 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
76.5%
Return on assets
11.5%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
59 d late
2022
9 d late
2021
73 d late
2020
118 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5k
2023 · €-873
2019: €2k
2020: €-617
2021: €7k
2022: €16k
2023: €-873
2019 → 2024
Working capital
€17k▲ 244%
2023 · €5k
2019: €9k
2020: €8k
2021: €-9k
2022: €-861
2023: €5k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€8k-€14k▲ 82.9%€30k▲ 110%€29k▼ 2.9%€35k▲ 17.8%
Operating result€218-€8k▲ 3,749%€22k▲ 160%€401▼ 98.2%€8k▲ 1,955%
Net result€-617-€7k€16k▲ 144%€-873€5k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,955% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €45k
Fixed assets
€18k▼ 27.7%
Current assets
€28k▲ 127%
Equity and liabilities €45k
Equity
€35k▲ 17.8%
Debt
€11k▲ 47.2%
The debt ratio rises from 19.7% to 23.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€22k▲
2023 · €17k
Cash flow
€19k▲
2023 · €15k
Solvency
76.5%▼
2023 · 80.3%
Current ratio
2.59▲
2023 · 1.68
Quick ratio
2.26▲
2023 · 1.06
Debt / equity
0.31▲
2023 · 0.25
ROE
15.1%▲
2023 · -3.0%
ROA
11.5%▲
2023 · -2.4%
Interest coverage
11.91▼
2023 · 13.06
Debt
€11k▲
2023 · €7k
Debt ≤ 1 year
€11k▲
2023 · €7k
Income taxes
€1k
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€37k€45k▲
Fixed assets21/28€25k€18k▼
Tangible fixed assets22/27€22k€16k▼
Plant, machinery and equipment23€22k€16k▼
Financial fixed assets28€2k€2k=
Current assets29/58€12k€28k▲
Stocks and contracts in progress3€5k€4k▼
Stocks30/36€5k€4k▼
Amounts receivable within one year40/41€3k€21k▲
Trade receivables40-€17k
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€4k€3k▼
Deferred charges and accrued income490/1€90€164▲
Equity and liabilities
Total equity and liabilities10/49€37k€45k▲
Equity10/15€29k€35k▲
Contributions10/11€6k€6k=
Reserves13€23k€29k▲
Distributable reserves133€23k€29k▲
Amounts payable17/49€7k€11k▲
Amounts payable within one year42/48€7k€11k▲
Trade debts44€3k€10k▲
Suppliers440/4€3k€10k▲
Taxes, remuneration and social security45€4k€576▼
Taxes450/3€4k€576▼
Other amounts payable47/48-€100
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€14k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€18k€24k▲
Operating profit (loss)9901€401€8k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-873€6k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€-873€5k▲
Profit (loss) for the period to be appropriated9905€-873€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-873€5k▲
Transfer from equity791/2€873-
Transfer to equity691/2-€5k
To other reserves6921-€5k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 59 days late
2023
31-12
Financial
Weakest financial yearnet €-873 ▼105%
Net result drops to €-873, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-12
Financial
Highest result since 2019net €16k ▲144%
Operating result €22k, net result €16k, both a record.
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
07-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
23-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Middelkerke · 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.
Distellaan 748434 MiddelkerkeGround area
631 m²
Building footprint
399 m²
Volume, LiDAR
6,964 m³
2 parcels, Flanders · tallest building 32.9 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
SEASIDE WEST
since 20092.180.509.124
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35022A0001/00R069 | Flanders | 359 m² | 1 · 210 m² | 14.9 m · 2 fl. |
| 35022A0001/00B063 | Flanders | 272 m² | 1 · 189 m² | 32.9 m · 10 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 4,800 EUR awarded · 4,800 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,800 EUR | 2,800 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteMiddelkerke2.180.509.124
Similar companies · same sector, comparable size
HORECAGEST
BE 0562.957.910
Martelange · Eq €35k
BILJARTPALACE - MERODECENTER
BE 0455.537.437
Turnhout · Eq €35k
Nelke
BE 0837.753.663
Leuven · Eq €35k
LES JARDINS DE CAROLINE
BE 0432.925.252
La Roche-en-Ardenne · Eq €35k
AMADORA
BE 0689.793.130
Elsene · Eq €35k
Of 21,633 companies in sector 56112 we hold annual accounts for 9,660. 8,325 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded02-09-2009
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
10520Manufacture of food products
47210Retail sale of fruit and vegetables
47810Retail trade
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.