ACTIVE

SEASTAR CAPITAL

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Financial year 2025 · Closed on 31/12/2025

Net result1,6 M €-91,1 %over 1 year

Revenue1,2 M €+102,9 %over 1 year

Equity108,8 M €-0,2 %over 1 year

Workforce8,4 ETP+100,0 %over 1 year

Identity

Source · BCE/KBO

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· main 64210Activities of holding companies

Joint committees (2)

200
20000

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 9 filings

Trend over 6 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	1,2 M €	+103%	599 k €		–		–		–
EBITDA	-754,1 k €	-105%	-367,9 k €	-68.6%	-218,1 k €	-299%	-54,6 k €	-87.7%	-29,1 k €
Operating result	-3,6 M €	-789%	-403,3 k €	-51.1%	-266,9 k €	-102%	-132,3 k €	-23.9%	-106,8 k €
Net result	1,6 M €	-91.1%	17,9 M €	+392%	3,6 M €	-48.4%	7,1 M €	+4.3%	6,8 M €
Balance sheet
Equity	108,8 M €	-0.2%	109 M €	+16.1%	93,9 M €	+4.0%	90,2 M €	+7.6%	83,9 M €
Total assets	109,1 M €	-0.3%	109,5 M €	+6.0%	103,3 M €	+12.7%	91,6 M €	+7.8%	85 M €
Cash	351,8 k €	-96.5%	10,1 M €	+313%	2,4 M €	-24.5%	3,2 M €	+47.8%	2,2 M €
Debts	266,3 k €	-42.6%	463,6 k €	-95.1%	9,4 M €	+572%	1,4 M €	+22.2%	1,1 M €
Other
Workforce	8,4 ETP	+100%	4,2 ETP	+31.3%	3,2 ETP	+14.3%	2,8 ETP		–

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CHRISTOO1027.712.723Represented by Virginie Van Cauwenberge	Directorsince 01/10/2025
SECAFIN1027.712.525Represented by Michael Van Cauwenberge	Directorsince 01/10/2025
Michael Van Cauwenberge	Director01/04/2023 → 01/10/2025
Virginie Van Cauwenberge	Director01/04/2023 → 01/10/2025
Joost Van Cauwenberge	Directorsince 12/12/2017Manager11/12/2017 → 2018 accountsended

Other companies at this address

Oostlaan 4 8560 Wevelgem

Company	CBE 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
LIGNUM INVESTCO● Active	1043.258.754
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

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Abridged model	Abridged model	Abridged model	Abridged 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	21/08/2026	06/07/2026	29/08/2024	23/10/2023	30/08/2022	16/07/2021
General meeting	30/06/2026	02/06/2025	28/06/2024	05/06/2023	16/06/2022	07/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 9 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	21/08/2026	Dutch	PDF
Full model	31/12/2024	02/06/2025	06/07/2026	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	29/08/2024	Dutch	PDF
Abridged modelCorrection	31/12/2022	05/06/2023	23/10/2023	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	14/06/2023	Dutch	PDF
Abridged model	31/12/2021	16/06/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	16/07/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	17/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	21/08/2019	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CHRISTOO1027.712.723Represented by Virginie Van Cauwenberge	Directorsince 01/10/2025
SECAFIN1027.712.525Represented by Michael Van Cauwenberge	Directorsince 01/10/2025
Michael Van Cauwenberge	Director01/04/2023 → 01/10/2025
Virginie Van Cauwenberge	Director01/04/2023 → 01/10/2025
Joost Van Cauwenberge	Directorsince 12/12/2017Manager11/12/2017 → 2018 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings6 filings

Mandates

SECAFIN

CHRISTOO

Michael Van Cauwenberge

Virginie Van Cauwenberge

Joost Van Cauwenberge

2017201820192020202120222023202420252026

SEASTAR CAPITAL

Oostlaan 4, 8560 Wevelgem

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Oostlaan 4, 8560 WevelgemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00419195

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
SEASTAR CAPITALCurrent	accounts 2018 → 2025	Accounts 2025 · 2026-00419195

Events

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

SEASTAR CAPITAL

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events