Seven Seas

Active

Private limited companyfounded 201313 yrs activeAmand De Vosstraat 3, 9160 Lokeren, BelgiumKBO/BCE: BE 0535.731.592

Seven Seas has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50k and a net result of €26k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 11210 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2025

62 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability76▼-3

Solvency54▲+17

Growth78=

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity ample (current ratio 1.59 against 1.11 in 2024; short-term debt: 58.8% and cash: 10.6% of total assets), but 71.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

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

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

28.8%

Return on assets

15.3%

Age of the figures

15 mo

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

18192022232425

2018 to 2025 · latest year €50k

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

1 d early

2024

1 d early

2023

1 d early

2022

on the day

2020

30 d late

2019

3 d early

2018

1 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close17-09-2026 today31-01-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€50k▲ 113%

2024 · €23k

2018: €-432k 2019: €-473k 2020: €-457k 2022: €120k 2023: €7k 2024: €23k

2018 → 2025

Total assets

€173k▼ 11.1%

2024 · €194k

2018: €362k 2019: €339k 2020: €333k 2022: €324k 2023: €228k 2024: €194k

2018 → 2025

Net result

€26k▲ 59.8%

2024 · €17k

2018: €-114k 2019: €-40k 2020: €16k 2022: €-36k 2023: €-113k 2024: €17k

2018 → 2025

Working capital

€60k▲ 289%

2024 · €15k

2018: €-496k 2019: €-559k 2020: €-581k 2022: €48k 2023: €-21k 2024: €15k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202022202320242025Trend

Equity€-457k-€120k€7k▼ 94.3%€23k▲ 242%€50k▲ 113%

Operating result€22k-€-35k€-124k▼ 253%€12k€22k▲ 92.0%

Net result€16k-€-36k€-113k▼ 217%€17k€26k▲ 59.8%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 92% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €173k

93.6%

Fixed assets €11k▼ 65.9%

Current assets €162k▼ 0.1%

Equity and liabilities €173k

28.8%

71.2%

Equity €50k▲ 113%

Debt €123k▼ 28.0%

The debt ratio falls from 88.0% to 71.2%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€44k▲

2024 · €33k

Cash flow

€48k▲

2024 · €38k

Solvency

28.8%▲

2024 · 12.0%

Current ratio

1.59▲

2024 · 1.11

Quick ratio

0.27▲

2024 · 0.16

Debt / equity

2.47▼

2024 · 7.31

ROE

53.1%▼

2024 · 70.8%

ROA

15.3%▲

2024 · 8.5%

Interest coverage

-10.81▼

2024 · 51.39

Debt

€123k▼

2024 · €171k

Debt ≤ 1 year

€101k▼

2024 · €146k

Debt > 1 year

€21k▼

2024 · €24k

Staff costs

€52k▼

2024 · €88k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€194k€173k▼

Fixed assets21/28€32k€11k▼

Tangible fixed assets22/27€32k€11k▼

Other tangible fixed assets26€32k€11k▼

Financial fixed assets28€5€5=

Current assets29/58€162k€162k▼

Stocks and contracts in progress3€139k€134k▼

Stocks30/36€139k€134k▼

Amounts receivable within one year40/41€10k€6k▼

Trade receivables40€10k€3k▼

Other amounts receivable41€49€3k▲

Current investments50/53€3k€3k=

Cash at bank and in hand54/58€10k€18k▲

Deferred charges and accrued income490/1€441€391▼

Equity and liabilities

Total equity and liabilities10/49€194k€173k▼

Equity10/15€23k€50k▲

Contributions10/11€673k€673k=

Profit (loss) carried forward14€-649k€-623k▲

Amounts payable17/49€171k€123k▼

Amounts payable after more than one year17€24k€21k▼

Financial debts170/4€24k€21k▼

Amounts payable within one year42/48€146k€101k▼

Current portion of amounts payable after more than one year42€3k€3k▲

Trade debts44€97k€61k▼

Suppliers440/4€97k€61k▼

Advances received on contracts in progress46€15k€2k▼

Taxes, remuneration and social security45€30k€33k▲

Taxes450/3€17k€21k▲

Remuneration and social security454/9€13k€11k▼

Other amounts payable47/48€2k€3k▲

Income statement Code20242025

Non-recurring operating income76A€14k-

Remuneration, social security and pensions62€88k€52k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k=

Other operating charges640/8€6k€3k▼

Gross operating margin9900€126k€99k▼

Operating profit (loss)9901€12k€22k▲

Financial income75/76B€6k€32▼

Recurring financial income75€6k€32▼

Financial charges65/66B€639€-4k▼

Recurring financial charges65€639€-4k▼

Profit (loss) for the period before taxes9903€17k€26k▲

Income taxes67/77€133-

Profit (loss) for the period9904€17k€26k▲

Profit (loss) for the period to be appropriated9905€17k€26k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-649k€-623k▲

Profit (loss) brought forward from the previous period14P€-666k€-649k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

30-01

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-06

Financial Highest result since 2018net €26k ▲59.8%

Net result €26k, the highest in the series.

30-01

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-06

Financial Back to profitnet €17k

Net result €17k after 2 loss-making years.

30-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-01

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

30-06

Financial Liquidity times 5current ratio 1.25

Current ratio from 0.26 to 1.25; short-term debt falls from €787k to €191k.

30-06

Financial Equity above €100kEq €120k

Equity rises from €-457k to €120k.

2021

30-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

2020

31-12

Financial Back to profitnet €16k

Net result €16k after 2 loss-making years.

28-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

30-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

25-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

20-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

09-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 9 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2021

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

07-01-2021 Paul Borms: Resigned as Director

01-01-2017 Kirill Bertin: Resigned as Manager

Location & real-estate footprint

Registered office, Lokeren · 1 establishment unit since 2013

establishment The establishment unit on the map

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.

Amand De Vosstraat 39160 Lokeren

Ground area

636 m²

Building footprint

612 m²