ACTIVE

POWER@SEA

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Financial year 2025 · closed on 31/12/2025

Net result

4,2 M €

-72.9% YoY

Equity

22,2 M €

-1.0% YoY

What does POWER@SEA do?

POWER@SEA is a Public limited company incorporated in 1999. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Beveren-Kruibeke-Zwijndrecht.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0468.783.479

Incorporation

24/12/1999

Legal form

Public limited company

Registered office

Scheldedijk 30
2070 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map

Contributed capital

20 158 719,28 €

Latest accounts

31/12/2025

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	–		–		–		–		–		–		908,8 €	-99.2%	116,1 k €	-41.6%	198,6 k €	+5.5%	188,2 k €	-47.3%	356,8 k €	+9.9%	324,7 k €	-39.4%	535,4 k €	+0.6%	532,1 k €	-27.6%	734,7 k €		–		–
EBITDA	-20,4 k €	+14.1%	-23,7 k €	-20.2%	-19,7 k €	-3.4%	-19,1 k €	-7.1%	-17,8 k €	-20.0%	-14,8 k €	+94.1%	-250,5 k €	+28.2%	-349,1 k €	-2.7%	-339,8 k €	+13.8%	-394,1 k €	+5.1%	-415,3 k €	+2.2%	-424,4 k €	+18.2%	-518,8 k €	-10.0%	-471,6 k €	-239%	-138,9 k €	+76.6%	-594,5 k €	-1.2%	-587,4 k €
Operating result	-20,4 k €	+14.1%	-23,7 k €	-20.2%	-19,7 k €	-3.4%	-19,1 k €	-7.1%	-17,8 k €	-20.0%	-14,8 k €	+94.1%	-250,5 k €	+28.2%	-349,1 k €	-2.7%	-339,8 k €	+13.8%	-394,1 k €	+5.1%	-415,3 k €	+2.2%	-424,4 k €	+18.2%	-518,8 k €	-10.0%	-471,6 k €	-239%	-138,9 k €	+76.6%	-594,5 k €	-1.2%	-587,4 k €
Net result	4,2 M €	-72.9%	15,4 M €	+52.3%	10,1 M €	+122%	4,6 M €	+11.2%	4,1 M €	-47.1%	7,7 M €	+234%	2,3 M €	+741%	-361,7 k €	-71.0%	-211,5 k €	+46.9%	-398 k €	-7.9%	-368,8 k €	+17.1%	-445,1 k €	+14.2%	-519 k €	-11.2%	-466,6 k €	-235%	-139,2 k €	+76.8%	-600,4 k €	+6.3%	-640,8 k €
Balance sheet
Equity	22,2 M €	-1.0%	22,4 M €	+4.2%	21,5 M €	+2.4%	21 M €	+1.2%	20,7 M €	+1.0%	20,6 M €	+3.2%	19,9 M €	+13.2%	17,6 M €	+3.3%	17 M €	+11.7%	15,2 M €	+122%	6,9 M €	+52.4%	4,5 M €	+5.5%	4,3 M €	-87.5%	34,1 M €	+5.8%	32,2 M €	+2.4%	31,4 M €	+316%	7,6 M €
Total assets	25,2 M €	-26.8%	34,4 M €	+60.0%	21,5 M €	-5.0%	22,7 M €	+1.8%	22,3 M €	+0.5%	22,2 M €	+2.3%	21,7 M €	-0.6%	21,8 M €	+27.2%	17,1 M €	+11.6%	15,3 M €	+120%	7 M €	+48.8%	4,7 M €	-2.6%	4,8 M €	-92.4%	63,2 M €	+9.1%	57,9 M €	+5.5%	54,9 M €	+450%	10 M €
Cash	2,9 M €	-46.8%	5,5 M €	+263%	1,5 M €	-45.6%	2,8 M €	-9.3%	3,1 M €	+25.9%	2,4 M €	-8.3%	2,7 M €	+1352%	183,8 k €	-63.9%	508,6 k €	-3.6%	527,7 k €	+42.5%	370,3 k €	+24.1%	298,5 k €	-70.5%	1 M €	+76.8%	571,6 k €	+1.2%	564,7 k €	+89.6%	297,8 k €	+5.9%	281,3 k €
Debts	3 M €	-75.0%	12 M €	+96200%	12,5 k €	-99.2%	1,7 M €	+9.1%	1,5 M €	-5.5%	1,6 M €	-8.0%	1,7 M €	-58.3%	4,2 M €	+4255%	96,2 k €	-6.3%	102,7 k €	+7.3%	95,7 k €	-45.2%	174,7 k €	-67.3%	533,4 k €	-98.2%	29,1 M €	+13.3%	25,7 M €	+11.6%	23 M €	+849%	2,4 M €
Other
Workforce	–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	-23.1%	1,3 ETP	-27.8%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	+20.0%	1,5 ETP	+50.0%	1,0 ETP	-16.7%	1,2 ETP	-40.0%	2,0 ETP	+11.1%	1,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 49 ended

Active mandates

Bert Devriendt

Director · since 14 mai 2025 · until 14 mai 2031

Active

SPARAXIS

Director · since 14 mai 2025 · until 14 mai 2031 · 0452.116.307

Represented by Anne VEREECKE

Active

Kristof Van Loon

Director · since 08 mai 2024 · until 08 mai 2030

Active

Marcel Dormann

Director · since 08 mai 2024 · until 08 mai 2030

Active

Ended mandates

Bert Devriendt

Director · since 26 août 2022 · until 08 avril 2025

Ended

Bert Devriendt

Director · since 26 août 2022 · until 14 mai 2025

Ended

SAMANDA

Director · since 28 avril 2022 · until 08 avril 2025 · 0480.028.848

Represented by ARNAUD GREGOIRE

Ended

SPARAXIS

Director · since 28 avril 2022 · until 14 mai 2025 · 0452.116.307

Represented by Anne VEREECKE

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	21/05/2026	23/05/2025	10/06/2024	30/05/2023	17/05/2022	29/06/2021
General meeting	13/05/2026	14/05/2025	08/05/2024	02/05/2023	13/05/2022	22/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	13/05/2026	21/05/2026	Dutch	PDF
Full model	31/12/2024	14/05/2025	23/05/2025	Dutch	PDF
Full model	31/12/2023	08/05/2024	10/06/2024	Dutch	PDF
Full model	31/12/2022	02/05/2023	30/05/2023	Dutch	PDF
Full model	31/12/2021	13/05/2022	17/05/2022	Dutch	PDF
Full model	31/12/2020	22/06/2021	29/06/2021	Dutch	PDF
Full model	31/12/2019	25/09/2020	02/10/2020	Dutch	PDF
Full model	31/12/2018	10/04/2019	16/05/2019	Dutch	PDF
Full model	31/12/2017	11/04/2018	04/05/2018	Dutch	PDF
Full model	31/12/2016	12/04/2017	10/05/2017	Dutch	PDF
Full model	31/12/2015	13/04/2016	28/04/2016	Dutch	PDF
Full model	31/12/2014	08/04/2015	15/04/2015	Dutch	PDF
Full model	31/12/2013	09/04/2014	19/05/2014	Dutch	PDF
Full model	31/12/2012	10/04/2013	17/04/2013	Dutch	PDF
Full model	31/12/2011	11/04/2012	07/05/2012	Dutch	PDF
Full model	31/12/2010	13/04/2011	05/05/2011	Dutch	PDF
Full model	31/12/2009	14/04/2010	29/04/2010	Dutch	PDF
Full model	31/12/2008	06/04/2009	29/04/2009	Dutch	PDF
Full model	31/12/2007	09/04/2008	09/05/2008	Dutch	PDF
Full model	31/12/2006	11/04/2007	04/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 4 active · 49 ended

Active mandates

Bert Devriendt

Director · since 14 mai 2025 · until 14 mai 2031

Active

SPARAXIS

Director · since 14 mai 2025 · until 14 mai 2031 · 0452.116.307

Represented by Anne VEREECKE

Active

Kristof Van Loon

Director · since 08 mai 2024 · until 08 mai 2030

Active

Marcel Dormann

Director · since 08 mai 2024 · until 08 mai 2030

Active

Ended mandates

Bert Devriendt

Director · since 26 août 2022 · until 08 avril 2025

Ended

Bert Devriendt

Director · since 26 août 2022 · until 14 mai 2025

Ended

SAMANDA

Director · since 28 avril 2022 · until 08 avril 2025 · 0480.028.848

Represented by ARNAUD GREGOIRE

Ended

SPARAXIS

Director · since 28 avril 2022 · until 14 mai 2025 · 0452.116.307

Represented by Anne VEREECKE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other22/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING
PDF
Mandates27/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/04/2022
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 20254,2 M €↓
14/05/2025
reconductionSparaxis SA — bestuurder
14/05/2025
reconductionBert Devriendt — bestuurder
14/05/2025
reconductionEY Bedrijfsrevisoren BV — commissaris
2024
Annual accounts 202415,4 M €↑
05/12/2024
nominationSparaxis SA — bestuurder
08/05/2024
reconductionKristof Van Loon — bestuurder
08/05/2024
reconductionMarcel Dormann — bestuurder
2023
Annual accounts 202310,1 M €↑
31/05/2023
nominationAnne Vereecke — vaste vertegenwoordiger van SAMANDA SA
2022
Annual accounts 20224,6 M €↑
26/08/2022
nominationBert Devriendt — bestuurder
18/08/2022
nominationErnst & Young Bedrijfsrevisoren BV — commissaris
28/04/2022
nominationSAMANDA SA — bestuurder
07/04/2022
nominationMartin D'Uva — bestuurder
2021
Annual accounts 20214,1 M €↓
2020
Annual accounts 20207,7 M €↑
2019
Annual accounts 20192,3 M €↑
2018
Annual accounts 2018-361,7 k €↓
2017
Annual accounts 2017-211,5 k €↑
2016
Annual accounts 2016-398 k €↓
2015
Annual accounts 2015-368,8 k €↑
2014
Annual accounts 2014-445,1 k €↑
2013
Annual accounts 2013-519 k €↓
2012
Annual accounts 2012-466,6 k €↓
2011
Annual accounts 2011-139,2 k €↑
2010
Annual accounts 2010-600,4 k €↑
2009
Annual accounts 2009-640,8 k €
24/12/1999
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

POWER@SEA

Overview

What does POWER@SEA do?

Trend over 17 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