ACTIVE

D-Sea

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Financial year 2025 · Closed on 31/12/2025

Net result686 k €+82,9 %over 1 year
Revenue1,5 M €+42,4 %over 1 year
Equity10,4 M €+7,0 %over 1 year

Identity

Source · BCE/KBO

D-Sea is a Public limited company incorporated in 2011. Its main activity is: Activities of holding companies. Its registered office is in Retie.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0839.422.360
Incorporation
14/09/2011
Legal form
Public limited company
Registered office
Het Kuiltje 11
2470 Retie · FlandreSee on map
Contributed capital
6 926 886,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 14 filings

Trend over 13 financial years

20252024202320222021
Income statement
Revenue1,5 M €1,1 M €1 M €––
EBITDA1 M €659,3 k €701,9 k €767,8 k €670,6 k €
Operating result1 M €642,7 k €696,8 k €763,3 k €665,8 k €
Net result686 k €375,1 k €429,7 k €518,2 k €445,3 k €
Balance sheet
Equity10,4 M €9,8 M €9,4 M €9 M €8,4 M €
Total assets11,9 M €11,7 M €11,5 M €12 M €11,6 M €
Cash374,9 k €234,3 k €93 k €604,5 k €234,5 k €
Debts1,4 M €1,8 M €2 M €3 M €3,1 M €
Other
Workforce–––0,0 ETP–

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Dominique Van Gansewinkel
Director30/09/2011 → 25/06/2032
Johan Smet
Managing director30/09/2011 → 25/06/2032

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelAbridged modelAbridged modelAbridged 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 date24/07/202623/07/202524/09/202421/08/202308/07/202226/08/2021
General meeting26/06/202627/06/202528/06/202430/06/202324/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/06/202624/07/2026DutchPDF
Full model31/12/202427/06/202523/07/2025DutchPDF
Full model31/12/202328/06/202424/09/2024DutchPDF
Abridged model31/12/202230/06/202321/08/2023DutchPDF
Abridged model31/12/202124/06/202208/07/2022DutchPDF
Abridged model31/12/202025/06/202126/08/2021DutchPDF
Micro model31/12/201926/06/202028/08/2020DutchPDF
Abridged model31/12/201828/06/201928/08/2019DutchPDF
Abridged model31/12/201729/06/201809/08/2018DutchPDF
Abridged model31/12/201630/06/201725/08/2017DutchPDF
Full model31/12/201524/06/201601/08/2016DutchPDF
Full model31/12/201426/06/201527/08/2015DutchPDF
Abridged model31/12/201327/06/201428/08/2014DutchPDF
Abridged model31/12/201228/06/201329/08/2013DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Dominique Van Gansewinkel
Director30/09/2011 → 25/06/2032
Johan Smet
Managing director30/09/2011 → 25/06/2032

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates04/09/2026
    Benoeming gedelegeerd bestuurder
    PDF
  • Mandates04/06/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/10/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares24/09/2013
    KAPITAAL - AANDELEN
    PDF
  • Mandates01/03/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/09/2011
    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
Filings13 filings
Mandates
Dominique Van Gansewinkel
Johan Smet
2011201220132014201520162017201820192020202120222023202420252026202720282029203020312032
D-SeaD-Sea Entrepreneurs
Het Kuiltje 11, 2470 Retie
Director
Managing director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Het Kuiltje 11, 2470 RetieCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00339139

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
D-SeaCurrent
accounts 2025
Accounts 2025 · 2026-00339139
D-Sea Entrepreneurs
accounts 2012 → 2024
Accounts 2024 · 2025-00307524

Events

  1. 2025
    Annual accounts 2025686 k €↑
  2. 2025
    Name changeD-Sea
  3. 2024
    Annual accounts 2024375,1 k €↓
  4. 2023
    Annual accounts 2023429,7 k €↓
  5. 2022
    Annual accounts 2022518,2 k €↑
  6. 2021
    Annual accounts 2021445,3 k €↑
  7. 2019
    Annual accounts 2019192,8 k €↑
  8. 2018
    Annual accounts 2018111 k €↑
  9. 2017
    Annual accounts 201738,7 k €↓
  10. 2016
    Annual accounts 201653,2 k €↓
  11. 2015
    Annual accounts 201564 k €↓
  12. 2014
    Annual accounts 2014278,5 k €↑
  13. 2013
    Annual accounts 2013-13 k €↑
  14. 2012
    Annual accounts 2012-18 k €
  15. 14/09/2011
    IncorporationPublic limited company