ACTIVE

SEA - INVEST

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Financial year 2025 · closed on 31/12/2025

Net result

7,7 M €

-17.7% YoY

Revenue

12,6 M €

+12.2% YoY

Equity

258,8 M €

+1.4% YoY

Workforce

31,3 ETP

+15.1% YoY

What does SEA - INVEST do?

SEA - INVEST is a Public limited company incorporated in 1992. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Gent. It employs on average 31,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.993.303

Incorporation

28/12/1992

Legal form

Public limited company

Registered office

Skaldenstraat 1
9042 Gent · FlandreSee on map

Contributed capital

248 268 020,00 €

Latest accounts

31/12/2025

Average workforce

31,3 ETP

Activities (NACE)

74855Other professional, scientific and technical activities· main 82100Office administrative and support activities 82110Combined office administrative service activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	12,6 M €	+12.2%	11,3 M €	-4.2%	11,7 M €	+9.7%	10,7 M €	+10.6%	9,7 M €	+6.1%	9,1 M €	-1.0%	9,2 M €	+6.1%	8,7 M €	+17.7%	7,4 M €	+7.6%	6,9 M €	+10.6%	6,2 M €	+14.5%	5,4 M €	-11.1%	6,1 M €	+15.7%	5,3 M €	+4.2%	5,1 M €	+24.9%	4,0 M €	+69.0%	2,4 M €	-31.4%	3,5 M €	-7.3%	3,8 M €
EBITDA	2,2 M €	+61.5%	1,3 M €	-50.9%	2,7 M €	-50.1%	5,5 M €	+18.9%	4,6 M €	-20.6%	5,8 M €	+62.1%	3,6 M €	-8.3%	3,9 M €	+19.5%	3,3 M €	-2.1%	3,3 M €	+57.9%	2,1 M €	+10.7%	1,9 M €	-24.6%	2,5 M €	-1.6%	2,6 M €	-72.4%	9,3 M €	+268%	2,5 M €	+40.1%	1,8 M €	-23.9%	2,4 M €	+59.8%	1,5 M €
Operating result	783,7 k €	+563%	118,3 k €	-88.0%	987,0 k €	-71.5%	3,5 M €	+34.7%	2,6 M €	-31.3%	3,7 M €	+144%	1,5 M €	-17.8%	1,9 M €	-5.7%	2,0 M €	-20.9%	2,5 M €	+95.0%	1,3 M €	+19.1%	1,1 M €	-36.3%	1,7 M €	-2.6%	1,7 M €	-79.5%	8,5 M €	+389%	1,7 M €	+70.5%	1,0 M €	-35.3%	1,6 M €	+92.1%	819,5 k €
Net result	7,7 M €	-17.7%	9,3 M €	+24.3%	7,5 M €	+3.3%	7,2 M €	+32.5%	5,5 M €	-19.9%	6,8 M €	+152%	2,7 M €	+26.4%	2,1 M €	+141%	-5,3 M €	+82.7%	-30,6 M €	-1756%	1,8 M €	+103%	-67,1 M €	-1293%	5,6 M €	+20.1%	4,7 M €	-59.9%	11,7 M €	-95.1%	236,0 M €	+3647%	6,3 M €	-41.8%	10,8 M €	-80.4%	55,1 M €
Balance sheet
Equity	258,8 M €	+1.4%	255,3 M €	+1.1%	252,5 M €	+0.2%	252,0 M €	+3.0%	244,7 M €	+0.2%	244,3 M €	+0.1%	243,9 M €	+1.1%	241,2 M €	+94681%	-255,1 k €	-105%	5,0 M €	-85.9%	35,6 M €	+5.5%	33,8 M €	-66.5%	100,9 M €	+5.9%	95,2 M €	+5.2%	90,6 M €	+14.8%	78,9 M €	-32.1%	116,1 M €	-4.7%	121,8 M €	+9.7%	111,0 M €
Total assets	435,0 M €	+11.5%	390,1 M €	+10.3%	353,7 M €	+1.0%	350,0 M €	-7.2%	377,2 M €	+0.2%	376,4 M €	+4.4%	360,5 M €	+5.8%	340,7 M €	+1063%	29,3 M €	-69.4%	95,7 M €	-24.9%	127,4 M €	+3.6%	123,0 M €	-35.7%	191,2 M €	-0.7%	192,6 M €	+15.0%	167,5 M €	-35.1%	257,9 M €	-1.3%	261,2 M €	+5.6%	247,3 M €	+20.9%	204,6 M €
Cash	135,7 M €	+155%	53,2 M €	+62.3%	32,8 M €	+5.9%	30,9 M €	-42.4%	53,8 M €	+102%	26,6 M €	-35.6%	41,3 M €	+10.7%	37,3 M €	+229709%	16,2 k €	-86.0%	115,8 k €	+3333%	3,4 k €	-85.5%	23,3 k €	-15.0%	27,4 k €	-10.6%	30,6 k €	-84.9%	202,4 k €	+14829%	1,4 k €	-100.0%	5,0 M €	+41461%	12,0 k €	-95.2%	249,7 k €
Debts	176,2 M €	+30.7%	134,8 M €	+33.2%	101,2 M €	+3.2%	98,0 M €	-26.0%	132,5 M €	+0.3%	132,1 M €	+13.3%	116,6 M €	+17.2%	99,4 M €	+237%	29,5 M €	-67.4%	90,7 M €	-1.3%	91,8 M €	+2.9%	89,2 M €	-1.2%	90,3 M €	-7.3%	97,4 M €	+26.6%	76,9 M €	-57.0%	179,0 M €	+23.4%	145,1 M €	+15.7%	125,5 M €	+34.5%	93,3 M €
Other
Workforce	31,3 ETP	+15.1%	27,2 ETP	+9.2%	24,9 ETP	+14.2%	21,8 ETP	+5.3%	20,7 ETP	-5.0%	21,8 ETP	+1.4%	21,5 ETP	+7.0%	20,1 ETP	-6.5%	21,5 ETP	0.0%	21,5 ETP	0.0%	21,5 ETP	+2.4%	21,0 ETP	-10.6%	23,5 ETP	-2.1%	24,0 ETP	+12.1%	21,4 ETP	+84.5%	11,6 ETP	+7.4%	10,8 ETP	+14.9%	9,4 ETP	-12.1%	10,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 72 ended

Active mandates

Nils Löfgren

Director · since 01 avril 2026 · until 30 avril 2026

Active

Arne Wintraecken

Director · since 03 juin 2025 · until 01 avril 2026

Active

BELPARFI

Managing director · since 03 juin 2025 · until 30 avril 2026 · 0443.180.330

Represented by Philippe Van de Vyvere

Active

Caroline De Poorter

Director · since 03 juin 2025 · until 30 avril 2026

Active

Ellen Cauberghs

Director · since 03 juin 2025 · until 30 avril 2026

Active

Frederic Staelens

Director · since 03 juin 2025 · until 30 avril 2026

Active

Kristof Claes

Director · since 03 juin 2025 · until 30 avril 2026

Active

Sonia Baesch

Director · since 03 juin 2025 · until 30 avril 2026

Active

Ended mandates

Arne Wintraecken

Director · since 04 juin 2024 · until 03 juin 2025

Ended

BELPARFI

Managing director · since 04 juin 2024 · until 03 juin 2025 · 0443.180.330

Represented by Philippe Van de Vyvere

Ended

Caroline De Poorter

Director · since 04 juin 2024 · until 03 juin 2025

Ended

Ellen Cauberghs

Director · since 04 juin 2024 · until 03 juin 2025

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/05/2026	17/06/2025	27/06/2024	03/07/2023	30/09/2022	22/04/2021
General meeting	30/04/2026	03/06/2025	04/06/2024	30/06/2023	29/09/2022	26/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

31 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/04/2026	22/05/2026	Dutch	PDF
Full model	31/12/2024	03/06/2025	17/06/2025	Dutch	PDF
Full model	31/12/2023	04/06/2024	27/06/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	03/07/2023	Dutch	PDF
Full model	31/12/2021	29/09/2022	30/09/2022	Dutch	PDF
Full model	31/12/2020	26/03/2021	22/04/2021	Dutch	PDF
Full model	31/12/2019	18/06/2020	23/06/2020	Dutch	PDF
Full model	31/12/2018	20/06/2019	03/07/2019	Dutch	PDF
Full model	31/12/2017	21/06/2018	26/06/2018	Dutch	PDF
Full model	31/12/2016	15/06/2017	30/06/2017	Dutch	PDF
m121-f-p	31/12/2016	29/06/2017	06/09/2017	English	PDF
Full model	31/12/2015	16/06/2016	28/06/2016	Dutch	PDF
m121-f-p	31/12/2015	17/06/2016	15/07/2016	English	PDF
Full model	31/12/2014	18/06/2015	24/07/2015	Dutch	PDF
m121-f-p	31/12/2014	19/06/2015	22/06/2015	English	PDF
Full model	31/12/2013	26/09/2014	26/09/2014	Dutch	PDF
m121-f-p	31/12/2013	18/12/2014	24/12/2014	Dutch	PDF
Full model	31/12/2012	20/06/2013	18/07/2013	Dutch	PDF
m121-f-p	31/12/2012	21/06/2013	01/07/2013	Dutch	PDF
Full model	31/12/2011	21/06/2012	02/07/2012	Dutch	PDF
m121-f-p	31/12/2011	15/06/2012	02/07/2012	Dutch	PDF
Full model	31/12/2010	16/06/2011	01/07/2011	Dutch	PDF
m121-f-p	31/12/2010	16/06/2011	27/09/2011	Dutch	PDF
Full model	31/12/2009	17/06/2010	05/07/2010	Dutch	PDF

View all 31 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 72 ended

Active mandates

Nils Löfgren

Director · since 01 avril 2026 · until 30 avril 2026

Active

Arne Wintraecken

Director · since 03 juin 2025 · until 01 avril 2026

Active

BELPARFI

Managing director · since 03 juin 2025 · until 30 avril 2026 · 0443.180.330

Represented by Philippe Van de Vyvere

Active

Caroline De Poorter

Director · since 03 juin 2025 · until 30 avril 2026

Active

Ellen Cauberghs

Director · since 03 juin 2025 · until 30 avril 2026

Active

Frederic Staelens

Director · since 03 juin 2025 · until 30 avril 2026

Active

Kristof Claes

Director · since 03 juin 2025 · until 30 avril 2026

Active

Sonia Baesch

Director · since 03 juin 2025 · until 30 avril 2026

Active

Ended mandates

Arne Wintraecken

Director · since 04 juin 2024 · until 03 juin 2025

Ended

BELPARFI

Managing director · since 04 juin 2024 · until 03 juin 2025 · 0443.180.330

Represented by Philippe Van de Vyvere

Ended

Caroline De Poorter

Director · since 04 juin 2024 · until 03 juin 2025

Ended

Ellen Cauberghs

Director · since 04 juin 2024 · until 03 juin 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other06/07/2026
—
PDF
Mandates06/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates30/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other14/04/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/08/2020
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20257,7 M €↓
03/06/2025
reconductionVan de Vyvere Philippe — Bestuurder
03/06/2025
reconductionBaesch Sonia — Bestuurder
03/06/2025
reconductionClaes Kristof — Bestuurder
03/06/2025
reconductionDe Poorter Caroline — Bestuurder
03/06/2025
reconductionStaelens Frederic — Gedelegeerd-Bestuurder
03/06/2025
reconductionCauberghs Ellen — Bestuurder
03/06/2025
reconductionWintraecken Arne — Bestuurder
03/06/2025
nominationKurt De Witte — commissaris
03/06/2025
nominationSara Van Heghe — commissaris
2024
Annual accounts 20249,3 M €↑
04/06/2024
reconductionVan de Vyvere Philippe — Gedelegeerd-Bestuurder
04/06/2024
reconductionBaesch Sonia — Bestuurder
04/06/2024
reconductionCauberghs Ellen — Bestuurder
04/06/2024
reconductionStaelens Frederic — Bestuurder
04/06/2024
reconductionClaes Kristof — Bestuurder
04/06/2024
nominationArne Wintraecken — bestuurder
2023
Annual accounts 20237,5 M €↑
22/12/2023
reduction_capital
2022
Annual accounts 20227,2 M €↑
05/12/2022
reconductionDELOITTE BEDRIJFSREVISOREN BV — commissaris
25/03/2022
reconductionVan de Vyvere Philippe — Gedelegeerd-Bestuurder
25/03/2022
reconductionBaesch Sonia — Bestuurder
25/03/2022
reconductionCauberghs Ellen — Bestuurder
25/03/2022
reconductionDe Poorter Caroline — Bestuurder
25/03/2022
reconductionStaelens Frederic — Bestuurder
25/03/2022
reconductionClaes Kristof — Bestuurder
2021
Annual accounts 20215,5 M €↓
2020
Annual accounts 20206,8 M €↑
2019
Annual accounts 20192,7 M €↑
2018
Annual accounts 20182,1 M €↑
2017
Annual accounts 2017-5,3 M €↑
2016
Annual accounts 2016-30,6 M €↓
2015
Annual accounts 20151,8 M €↑
2014
Annual accounts 2014-67,1 M €↓
2013
Annual accounts 20135,6 M €↑
2012
Annual accounts 20124,7 M €↓
2011
Annual accounts 201111,7 M €↓
2010
Annual accounts 2010236,0 M €↑
2009
Annual accounts 20096,3 M €↓
2008
Annual accounts 200810,8 M €↓
2007
Annual accounts 200755,1 M €
28/12/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SEA - INVEST

Overview

What does SEA - INVEST do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline