ACTIVE

No Se

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Financial year 2025 · closed on 31/12/2025
Net result
107 k €
-57.7% YoY
Gross margin
-10,5 k €
-157.5% YoY
Equity
6 M €
+1.8% YoY

What does No Se do?

No Se is a Private limited company incorporated in 2011. Its registered office is in Antwerpen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0839.319.620
Incorporation
09/09/2011
Legal form
Private limited company
Registered office
Noorderlaan 139
2030 Antwerpen · FlandreSee on map
Contributed capital
18 550,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin-10,5 k €18,2 k €-8,9 k €3,4 M €1,8 M €1,2 M €168,7 k €180,3 k €235,5 k €183,7 k €173,9 k €130,9 k €66,3 k €439,4 k €
EBITDA-11 k €12,9 k €-10 k €3,4 M €1,8 M €1,2 M €165,7 k €179,7 k €235 k €182,7 k €173,3 k €129,9 k €66,1 k €438,8 k €
Operating result-11 k €12,9 k €-10 k €3,4 M €1,8 M €1,2 M €165,7 k €179,7 k €176,8 k €182,7 k €173,3 k €129,9 k €66,1 k €437,7 k €
Net result107 k €252,9 k €164,1 k €2,7 M €1,3 M €870 k €143,8 k €157,5 k €124,1 k €140,6 k €128 k €94,6 k €56,3 k €298,7 k €
Balance sheet
Equity6 M €5,8 M €5,6 M €5,4 M €2,8 M €1,5 M €678,2 k €579,4 k €466,8 k €367,7 k €252,1 k €149,1 k €79,6 k €292,3 k €
Total assets6,1 M €6 M €5,8 M €5,7 M €3,1 M €1,8 M €725,5 k €657,4 k €547,7 k €481 k €351,5 k €220,3 k €116,3 k €373 k €
Cash976,2 k €818,4 k €3,7 M €1,7 M €1,8 M €312,1 k €423,1 k €415,8 k €306,5 k €212 k €232,9 k €177,2 k €93,8 k €352,9 k €
Debts98,3 k €115,4 k €130,3 k €230,3 k €354,9 k €305,6 k €47,1 k €76,8 k €80,9 k €110,9 k €97 k €63 k €36,5 k €80,5 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Martinus Hendrikus Huigen

Mandate

Active

Ended mandates

Martinus Hendrikus Huigen

Manager · since 09 septembre 2011

Ended
Martinus Hendrikus Huigen

Manager

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelMicro 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 date29/06/202612/08/202529/07/202431/08/202320/07/202229/07/2021
General meeting23/06/202617/06/202518/06/202420/06/202321/06/202229/06/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202523/06/202629/06/2026DutchPDF
Abridged model31/12/202417/06/202512/08/2025DutchPDF
Abridged model31/12/202318/06/202429/07/2024DutchPDF
Abridged model31/12/202220/06/202331/08/2023DutchPDF
Abridged model31/12/202121/06/202220/07/2022DutchPDF
Micro model31/12/202029/06/202129/07/2021DutchPDF
Micro model31/12/201923/06/202022/07/2020DutchPDF
Micro model31/12/201818/06/201923/07/2019DutchPDF
Micro model31/12/201719/06/201819/07/2018DutchPDF
Abridged model31/12/201620/06/201721/08/2017DutchPDF
Abridged model31/12/201530/06/201602/08/2016DutchPDF
Abridged model31/12/201430/06/201515/07/2015DutchPDF
Abridged model31/12/201317/06/201425/07/2014DutchPDF
Abridged model31/12/201218/06/201305/07/2013DutchPDF
Estimate

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.

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 · 1 active · 2 ended

Active mandates

Martinus Hendrikus Huigen

Mandate

Active

Ended mandates

Martinus Hendrikus Huigen

Manager · since 09 septembre 2011

Ended
Martinus Hendrikus Huigen

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other13/09/2022
    BENAMING
    PDF
  • Mandates17/06/2021
    WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other10/06/2014
    DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other27/09/2011
    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 2025107 k €↓
  2. 2024
    Annual accounts 2024252,9 k €↑
  3. 2023
    Annual accounts 2023164,1 k €↓
  4. 2022
    Annual accounts 20222,7 M €↑
  5. 2022
    Name changeNo Se
  6. 2021
    Annual accounts 20211,3 M €↑
  7. 2021
    Name changeH-K MARITIME & LOGISTICS
  8. 2020
    Annual accounts 2020870 k €↑
  9. 2019
    Annual accounts 2019143,8 k €↓
  10. 2018
    Annual accounts 2018157,5 k €↑
  11. 2017
    Annual accounts 2017124,1 k €↓
  12. 2016
    Annual accounts 2016140,6 k €↑
  13. 2015
    Annual accounts 2015128 k €↑
  14. 2014
    Annual accounts 201494,6 k €↑
  15. 2013
    Annual accounts 201356,3 k €↓
  16. 2012
    Annual accounts 2012298,7 k €
  17. 09/09/2011
    IncorporationPrivate limited company