ACTIVE

SEASTAR CAPITAL

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Financial year 2025 · closed on 31/12/2025
Net result
1,6 M €
-91.1% YoY
Revenue
1,2 M €
+102.9% YoY
Equity
108,8 M €
-0.2% YoY
Workforce
8,4 ETP
+100.0% YoY

What does SEASTAR CAPITAL do?

SEASTAR CAPITAL is a Private company with limited liability incorporated in 2017. Its main activity is: Activities of holding companies. Its registered office is in Wevelgem. It employs on average 8,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0685.867.204
Incorporation
12/12/2017
Legal form
Private company with limited liability
Registered office
Oostlaan 4
8560 Wevelgem · FlandreSee on map
Contributed capital
70 250 000,00 €
Latest accounts
31/12/2025
Average workforce
8,4 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies
Joint committees (2)
  • 200
  • 20000
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212018
Income statement
Revenue1,2 M €599 k €––––
EBITDA-754,1 k €-367,9 k €-218,1 k €-54,6 k €-29,1 k €-3,4 k €
Operating result-3,6 M €-403,3 k €-266,9 k €-132,3 k €-106,8 k €-70,2 k €
Net result1,6 M €17,9 M €3,6 M €7,1 M €6,8 M €3,1 M €
Balance sheet
Equity108,8 M €109 M €93,9 M €90,2 M €83,9 M €73,1 M €
Total assets109,1 M €109,5 M €103,3 M €91,6 M €85 M €73,7 M €
Cash351,8 k €10,1 M €2,4 M €3,2 M €2,2 M €2,2 M €
Debts266,3 k €463,6 k €9,4 M €1,4 M €1,1 M €576,2 k €
Other
Workforce8,4 ETP4,2 ETP3,2 ETP2,8 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 6 ended

Active mandates

CHRISTOO

Director · since 01 octobre 2025 · 1027.712.723

Represented by Virginie Van Cauwenberge

Active
SECAFIN

Director · since 01 octobre 2025 · 1027.712.525

Represented by Michael Van Cauwenberge

Active
Michael Van Cauwenberge

Director · since 01 avril 2023 · until 01 octobre 2025

Active
Virginie Van Cauwenberge

Director · since 01 avril 2023 · until 01 octobre 2025

Active
Joost Van Cauwenberge

Director

Active

Ended mandates

Michael Van Cauwenberge

Director · since 01 avril 2023

Ended
Virginie Van Cauwenberge

Director · since 01 avril 2023

Ended
Joost Van Cauwenberge

Director · since 12 décembre 2017

Ended
Joost Van Cauwenberge

Manager · since 11 décembre 2017

Ended
At this address

Other companies at this address

CompanyCBE no.
CHRISTOO● Active
1027.712.723
CV VENTURES● Active
1012.981.886
DESIGN VENTURES● Active
0698.854.415
FINIPAN● Active
0435.178.226
Forma Belgium● Active
0712.687.209
HEBIC● Active
0437.193.549
INTERNATIONAL WOOD HOLDING● Active
0847.051.213
INTERNATIONAL WOOD PRODUCTS● Active
0863.817.959
JOLI● Active
0768.919.790
Lamitrans● Active
0462.129.081
Placabois● Active
0405.435.353
SECAFIN● Active
1027.712.525
STRATINVEST● Active
0469.007.470
TRILAM● Active
0727.836.728
VANCA-BELGIUM● Active
0442.917.143
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date21/08/202606/07/202629/08/202423/10/202330/08/202216/07/2021
General meeting30/06/202602/06/202528/06/202405/06/202316/06/202207/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202621/08/2026DutchPDF
Full model31/12/202402/06/202506/07/2026DutchPDF
Abridged model31/12/202328/06/202429/08/2024DutchPDF
Abridged modelCorrection31/12/202205/06/202323/10/2023DutchPDF
Abridged model31/12/202205/06/202314/06/2023DutchPDF
Abridged model31/12/202116/06/202230/08/2022DutchPDF
Abridged model31/12/202007/06/202116/07/2021DutchPDF
Abridged model31/12/201902/06/202017/07/2020DutchPDF
Abridged model31/12/201828/06/201921/08/2019DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 5 active · 6 ended

Active mandates

CHRISTOO

Director · since 01 octobre 2025 · 1027.712.723

Represented by Virginie Van Cauwenberge

Active
SECAFIN

Director · since 01 octobre 2025 · 1027.712.525

Represented by Michael Van Cauwenberge

Active
Michael Van Cauwenberge

Director · since 01 avril 2023 · until 01 octobre 2025

Active
Virginie Van Cauwenberge

Director · since 01 avril 2023 · until 01 octobre 2025

Active
Joost Van Cauwenberge

Director

Active

Ended mandates

Michael Van Cauwenberge

Director · since 01 avril 2023

Ended
Virginie Van Cauwenberge

Director · since 01 avril 2023

Ended
Joost Van Cauwenberge

Director · since 12 décembre 2017

Ended
Joost Van Cauwenberge

Manager · since 11 décembre 2017

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates30/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring29/08/2025
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring26/05/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates09/05/2023
    ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
    PDF
  • Other14/12/2017
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 20251,6 M €↓
  2. 01/10/2025
    nominationSECAFIN — bestuurder
  3. 01/10/2025
    nominationCHRISTOO — bestuurder
  4. 01/07/2025
    nominationJoost VAN CAUWENBERGE — statutair bestuurder
  5. 2024
    Annual accounts 202417,9 M €↑
  6. 2023
    Annual accounts 20233,6 M €↓
  7. 01/04/2023
    nominationMichael VAN CAUWENBERGE — bijkomende niet-statutaire bestuurder
  8. 01/04/2023
    nominationVirginie VAN CAUWENBERGE — bijkomende niet-statutaire bestuurder
  9. 2022
    Annual accounts 20227,1 M €↑
  10. 2021
    Annual accounts 20216,8 M €↑
  11. 2018
    Annual accounts 20183,1 M €
  12. 12/12/2017
    IncorporationPrivate company with limited liability