ACTIVE

NORTH SEA PAINTS WEST-VLAANDEREN

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Financial year 2025 · Closed on 31/12/2025

Net result153,8 k €+365,0 %over 1 year

Gross margin1,6 M €+67,9 %over 1 year

Equity2,7 M €+6,0 %over 1 year

Workforce10,0 ETP-20,6 %over 1 year

Identity

Source · BCE/KBO

NORTH SEA PAINTS WEST-VLAANDEREN is a Private limited company incorporated in 2009. Its main activity is: Manufacture of paints, varnishes and similar coatings, printing ink and mastics. Its registered office is in Oostende. It employs on average 10,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0812.240.089
Incorporation: 12/06/2009
Legal form: Private limited company
Registered office: Heerweg 10
8400 Oostende · FlandreSee on map
Contributed capital: 6 200,00 €
Latest accounts: 31/12/2025
Average workforce: 10,0 ETP

Activities (NACE)

20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics· main 20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics 46751Wholesale of chemical products 46851Wholesale trade, except of motor vehicles and motorcycles 46130Agents involved in the sale of timber and building materials 46130Agents involved in the sale of timber and building materials+4

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 16 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,6 M €	+67.9%	929 k €	-30.2%	1,3 M €	-19.0%	1,6 M €	-3.0%	1,7 M €
EBITDA	693,5 k €	+2087%	31,7 k €	-94.0%	529,5 k €	-38.2%	857,1 k €	-17.0%	1 M €
Operating result	219,2 k €	+420%	-68,6 k €	-118%	390,3 k €	-44.5%	702,8 k €	-21.4%	893,7 k €
Net result	153,8 k €	+365%	33,1 k €	-88.2%	280,6 k €	-49.7%	557,8 k €	-7.0%	600 k €
Balance sheet
Equity	2,7 M €	+6.0%	2,6 M €	+1.3%	2,5 M €	+12.4%	2,3 M €	+32.7%	1,7 M €
Total assets	5,6 M €	-6.9%	6 M €	+7.3%	5,6 M €	+13.1%	5 M €	+7.2%	4,6 M €
Cash	341,4 k €	+80.1%	189,5 k €	-65.3%	545,4 k €	-7.8%	591,5 k €	-27.5%	816,1 k €
Debts	2,9 M €	-16.5%	3,4 M €	+12.3%	3,1 M €	+13.7%	2,7 M €	-7.7%	2,9 M €
Other
Workforce	10,0 ETP	-20.6%	12,6 ETP	+14.5%	11,0 ETP	0.0%	11,0 ETP	+17.0%	9,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 6 ended

Active mandates

PROVENTUS MANAGEMENT & CONSULTANCY

Director · 0474.855.481

Represented by Raphaël Theuwissen

Active

Ended mandates

Coatings and profesionnel Equipment

Manager · 0890.338.947

Represented by Raphaël Theuwissen

Ended

Coatings and Professional Equipment

Manager · 0890.338.947

Represented by Raphaël Theuwissen

Ended

Coatings and Professionel Equipment

Manager · 0890.338.947

Represented by Raphaël Theuwissen

Ended

PROVENTUS MANAGEMENT & CONSULTANCY

Manager · 0474.855.481

Represented by Raphaël Theuwissen

Ended

Other companies at this address

Heerweg 10 8400 Oostende

Company	CBE no.
Advanced European Coatings● Active	0739.729.225
BTW-EENHEID NSP BELGIË● Active	0642.802.667
CAPE COATING LIMBURG● Active	0812.242.465
NORTH SEA PAINTS● Active	0440.519.065

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged 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	27/07/2026	18/08/2025	15/07/2024	11/08/2023	28/07/2022	27/07/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021
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, 16 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	09/06/2026	27/07/2026	Dutch	PDF
Abridged model	31/12/2024	10/06/2025	18/08/2025	Dutch	PDF
Abridged model	31/12/2023	11/06/2024	15/07/2024	Dutch	PDF
Abridged model	31/12/2022	13/06/2023	11/08/2023	Dutch	PDF
Abridged model	31/12/2021	14/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	08/06/2021	27/07/2021	Dutch	PDF
Abridged model	31/12/2019	09/06/2020	28/07/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	23/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	10/08/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	21/08/2014	Dutch	PDF
Abridged model	31/12/2012	11/06/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	13/08/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	28/10/2011	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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

1 active · 6 ended

Active mandates

PROVENTUS MANAGEMENT & CONSULTANCY

Director · 0474.855.481

Represented by Raphaël Theuwissen

Active

Ended mandates

Coatings and profesionnel Equipment

Manager · 0890.338.947

Represented by Raphaël Theuwissen

Ended

Coatings and Professional Equipment

Manager · 0890.338.947

Represented by Raphaël Theuwissen

Ended

Coatings and Professionel Equipment

Manager · 0890.338.947

Represented by Raphaël Theuwissen

Ended

PROVENTUS MANAGEMENT & CONSULTANCY

Manager · 0474.855.481

Represented by Raphaël Theuwissen

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates10/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/10/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/05/2015
ONTSLAGEN - BENOEMINGEN
PDF
Other22/06/2009
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

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

See the Business plan

Timeline

2025
Annual accounts 2025153,8 k €↑
2024
Annual accounts 202433,1 k €↓
2023
Annual accounts 2023280,6 k €↓
2022
Annual accounts 2022557,8 k €↓
2021
Annual accounts 2021600 k €↑
2020
Annual accounts 2020398,7 k €↑
2019
Annual accounts 2019379 k €↓
2018
Annual accounts 2018484,9 k €↓
2017
Annual accounts 2017625,5 k €↑
2016
Annual accounts 2016371,3 k €↓
2015
Annual accounts 2015447,2 k €↓
2014
Annual accounts 2014482,7 k €↓
2013
Annual accounts 2013697 k €↑
2012
Annual accounts 2012485,7 k €↓
2011
Annual accounts 2011583,4 k €↑
2010
Annual accounts 2010393,1 k €
12/06/2009
IncorporationPrivate limited company

NORTH SEA PAINTS WEST-VLAANDEREN

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