Mu.ZEE - Kunstmuseum aan Zee,
0825.383.589 · rovalta.com · 27/09/2026
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
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Ann Brusseel | Mandate | 0 | |
Bart Plasschaert | Mandate | 0 | |
Cathy Coudyser | Mandate | 00 | |
Dirk De Clippeleir | Mandate | 000 | |
Guillaume Polspoel | Mandate | ||
Ineke Steevens | Mandate | ||
Inge Cornillie | Mandate | ||
Lieven Van den Abeele | Mandate | 000 | |
Lisa Lust | Mandate | ||
Luc Tayart de Borms | Mandate | 00 | |
Margot Neyskens | Mandate | 00 | |
Simon Van Damme | Mandate | 00 | |
Thomas Lansens | Mandate | ||
Tom Lamont | Mandate |
Ended mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Dirk De Clippeleir | Director | since 21/09/2021 | 000 |
Inge Cornillie | Director | since 21/09/2021 | |
Iris Paschalidis | Director | since 21/09/2021 | 000 |
Lieven Van den Abeele | Director | since 21/09/2021 | 000 |
Financials
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
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Ann Brusseel | Mandate | 0 | |
Bart Plasschaert | Mandate | 0 | |
Cathy Coudyser | Mandate | 00 | |
Dirk De Clippeleir | Mandate | 000 | |
Guillaume Polspoel | Mandate | ||
Ineke Steevens | Mandate | ||
Inge Cornillie | Mandate | ||
Lieven Van den Abeele | Mandate | 000 | |
Lisa Lust | Mandate | ||
Luc Tayart de Borms | Mandate | 00 | |
Margot Neyskens | Mandate | 00 | |
Simon Van Damme | Mandate | 00 | |
Thomas Lansens | Mandate | ||
Tom Lamont | Mandate |
Ended mandates
| Director | Function | Mandate | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Dirk De Clippeleir | Director | since 21/09/2021 | 000 |
Inge Cornillie | Director | since 21/09/2021 | |
Iris Paschalidis | Director | since 21/09/2021 | 000 |
Lieven Van den Abeele | Director | since 21/09/2021 | 000 |
Ownership 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 €↓
- 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
Company names
Source · NBB annual accounts, CBE| Name | Period | Source |
|---|---|---|
| Mu.ZEE - Kunstmuseum aan Zee,Current | accounts 2023 → 2025 · CBE, tracked since 27/09/2026 | Accounts 2025 · 2026-00061321 |
| Mu.ZEE - Kunstmuseum aan Zee, Collecties van de Vlaamse Gemeenschap en de stad Oostende | accounts 2022 | Accounts 2022 · 2023-00047646 |
| Mu.ZEE | accounts 2021 | Accounts 2021 · 2022-20023285 |
Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.