Mu.ZEE - Kunstmuseum aan Zee,
0825.383.589 · rovalta.com · 26/09/2026
ACTIVE
Mu.ZEE - Kunstmuseum aan Zee,
Financial year 2025 · Closed on 31/12/2025
Net result915,7 €-99,9 %over 1 year
Gross margin3,9 M €-14,9 %over 1 year
Equity11 M €+2,4 %over 1 year
Workforce30,2 ETP-9,3 %over 1 year
Overview
Identity
Source · BCE/KBOMu.ZEE - Kunstmuseum aan Zee, is a Non-profit organization incorporated in 2010. Its main activity is: Museums activities. Its registered office is in Oostende. It employs on average 30,2 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0825.383.589
- Incorporation
- 29/03/2010
- Legal form
- Non-profit organization
- Registered office
- Romestraat 11
8400 Oostende · FlandreSee on map - Latest accounts
- 31/12/2025
- Average workforce
- 30,2 ETP
Activities (NACE)
Joint committees (2)
- 329
- 32901
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Financials
Source · NBB, 16 filingsTrend over 16 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 3,9 M € | -14.9% | 4,6 M € | +33.3% | 3,5 M € | +102% | 1,7 M € | -12.0% | 2 M € |
| EBITDA | 227 k € | -78.0% | 1 M € | -6.9% | 1,1 M € | +397% | -372,6 k € | -272% | 217,1 k € |
| Operating result | -15,4 k € | -102% | 779,2 k € | -17.4% | 943,8 k € | +267% | -563,8 k € | -1068% | 58,2 k € |
| Net result | 915,7 € | -99.9% | 805,8 k € | -15.9% | 958,2 k € | +270% | -565 k € | -1101% | 56,5 k € |
| Balance sheet | |||||||||
| Equity | 11 M € | +2.4% | 10,7 M € | +44.0% | 7,4 M € | +21.6% | 6,1 M € | -3.7% | 6,3 M € |
| Total assets | 12,8 M € | +6.5% | 12 M € | +34.5% | 8,9 M € | +22.5% | 7,3 M € | +4.3% | 7 M € |
| Cash | 2,6 M € | +32.5% | 1,9 M € | +638% | 262,5 k € | +109% | 125,4 k € | -63.5% | 343,9 k € |
| Debts | 710,4 k € | -9.3% | 783,6 k € | -30.6% | 1,1 M € | +3.7% | 1,1 M € | +74.6% | 623,6 k € |
| Other | |||||||||
| Workforce | 30,2 ETP | -9.3% | 33,3 ETP | +6.1% | 31,4 ETP | +4.7% | 30,0 ETP | +4.5% | 28,7 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/202514 active · 111 ended
Active mandates
Ann Brusseel
ActiveBart Plasschaert
ActiveCathy Coudyser
ActiveDirk De Clippeleir
ActiveGuillaume Polspoel
ActiveIneke Steevens
ActiveInge Cornillie
ActiveLieven Van den Abeele
ActiveLisa Lust
ActiveLuc Tayart de Borms
ActiveMargot Neyskens
ActiveSimon Van Damme
ActiveThomas Lansens
ActiveTom Lamont
ActiveEnded mandates
Dirk De Clippeleir
EndedInge Cornillie
EndedIris Paschalidis
EndedLieven Van den Abeele
EndedFinancials
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 | 25/03/2026 | 24/03/2025 | 27/03/2024 | 29/03/2023 | 09/05/2022 | 31/03/2021 |
| General meeting | 24/03/2026 | 20/03/2025 | 26/03/2024 | 28/03/2023 | 03/05/2022 | 22/03/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 16 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 24/03/2026 | 25/03/2026 | Dutch | |
| Abridged model | 31/12/2024 | 20/03/2025 | 24/03/2025 | Dutch | |
| Abridged model | 31/12/2023 | 26/03/2024 | 27/03/2024 | Dutch | |
| Abridged model | 31/12/2022 | 28/03/2023 | 29/03/2023 | Dutch | |
| Abridged model | 31/12/2021 | 03/05/2022 | 09/05/2022 | Dutch | |
| Abridged model | 31/12/2020 | 22/03/2021 | 31/03/2021 | Dutch | |
| Abridged model | 31/12/2019 | 20/04/2020 | 05/05/2020 | Dutch | |
| Abridged model | 31/12/2018 | 25/03/2019 | 29/03/2019 | Dutch | |
| Abridged model | 31/12/2017 | 19/03/2018 | 03/04/2018 | Dutch | |
| Abridged model | 31/12/2016 | 20/03/2017 | 15/01/2018 | Dutch | |
| Abridged model | 31/12/2015 | 22/03/2016 | 20/04/2016 | Dutch | |
| Abridged model | 31/12/2014 | 23/03/2015 | 17/04/2015 | Dutch | |
| Abridged model | 31/12/2013 | 24/03/2014 | 10/04/2014 | Dutch | |
| Abridged model | 31/12/2012 | 25/03/2013 | 24/04/2013 | Dutch | |
| Abridged model | 31/12/2011 | 26/03/2012 | 04/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 09/05/2011 | 08/06/2011 | Dutch |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 5 M€ and 10 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/202514 active · 111 ended
Active mandates
Ann Brusseel
ActiveBart Plasschaert
ActiveCathy Coudyser
ActiveDirk De Clippeleir
ActiveGuillaume Polspoel
ActiveIneke Steevens
ActiveInge Cornillie
ActiveLieven Van den Abeele
ActiveLisa Lust
ActiveLuc Tayart de Borms
ActiveMargot Neyskens
ActiveSimon Van Damme
ActiveThomas Lansens
ActiveTom Lamont
ActiveEnded mandates
Dirk De Clippeleir
EndedInge Cornillie
EndedIris Paschalidis
EndedLieven Van den Abeele
EndedOwnership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates01/06/2026ONTSLAGEN - BENOEMINGEN
- Mandates13/03/2026ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Capital / shares03/01/2025KAPITAAL - AANDELEN
- Mandates25/10/2024ONTSLAGEN - BENOEMINGEN
- Restructuring13/06/2024RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates14/12/2023ONTSLAGEN - BENOEMINGEN
- Mandates27/06/2023ONTSLAGEN - BENOEMINGEN
- Mandates19/12/2022ONTSLAGEN - BENOEMINGEN
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025915,7 €↓
- 2024Annual accounts 2024805,8 k €↓
- 2023Annual accounts 2023958,2 k €↑
- 2023Name changeMu.ZEE - Kunstmuseum aan Zee,
- 2022Annual accounts 2022-565 k €↓
- 2022Name changeMu.ZEE - Kunstmuseum aan Zee, Collecties van de Vlaamse Gemeenschap en de stad Oostende
- 2021Annual accounts 202156,5 k €↓
- 2021Name changeMu.ZEE
- 2020Annual accounts 2020579,8 k €↑
- 2019Annual accounts 2019343,8 k €↑
- 2018Annual accounts 2018307,9 k €↑
- 2017Annual accounts 201783 k €↑
- 2016Annual accounts 2016-221,3 k €↓
- 2015Annual accounts 2015450,9 k €↑
- 2014Annual accounts 2014110,2 k €↑
- 2013Annual accounts 2013-322,7 k €↓
- 2012Annual accounts 2012-75,9 k €↓
- 2011Annual accounts 2011242,3 k €↓
- 2010Annual accounts 2010555,9 k €
- 29/03/2010IncorporationNon-profit organization