ACTIVE

SEASHELLS

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Financial year 2025 · closed on 30/06/2025

Net result

115,3 k €

-34.1% YoY

Gross margin

335,4 k €

-16.6% YoY

Equity

1,1 M €

+10.0% YoY

Workforce

1,0 ETP

0.0% YoY

What does SEASHELLS do?

SEASHELLS is a Private limited company incorporated in 2008. Its main activity is: Wholesale of watches and jewellery. Its registered office is in Knokke-Heist. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0896.900.305

Incorporation

26/03/2008

Legal form

Private limited company

Registered office

Meidoornlaan 13
8300 Knokke-Heist · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

30/06/2025

Average workforce

1,0 ETP

Activities (NACE)

46480Wholesale of watches and jewellery· main 46480Wholesale of watches and jewellery 64200Activities of holding companies 64210Activities of holding companies 46480Wholesale of watches and jewellery 46480Wholesale of watches and jewellery+4

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	335,4 k €	-16.6%	402,1 k €	-4.5%	421,1 k €	-12.7%	482,5 k €	-3.3%	499,1 k €	+162%	190,6 k €	-52.5%	401,1 k €	+1903%	20 k €	-52.9%	42,5 k €	-8.5%	46,5 k €	-3.5%	48,1 k €	+2.8%	46,8 k €	-1.3%	47,4 k €	-45.2%	86,6 k €	+95.9%	44,2 k €	+9.1%	40,5 k €	+11.1%	36,5 k €
EBITDA	253,6 k €	-21.3%	322,2 k €	-6.9%	346,2 k €	-14.4%	404,4 k €	-12.3%	461 k €	+193%	157,5 k €	-55.8%	356,2 k €	+1769%	19,1 k €	-54.0%	41,4 k €	-8.3%	45,2 k €	-3.6%	46,9 k €	+1.7%	46,1 k €	+3.5%	44,5 k €	-48.3%	86,1 k €	+97.1%	43,7 k €	+8.9%	40,1 k €	+10.9%	36,1 k €
Operating result	233 k €	-22.5%	300,7 k €	-25.1%	401,3 k €	+22.1%	328,7 k €	-28.0%	456,6 k €	+196%	154,1 k €	-56.3%	352,5 k €	+1936%	17,3 k €	-58.2%	41,4 k €	-8.3%	45,2 k €	+2.8%	43,9 k €	+3.5%	42,5 k €	+4.7%	40,5 k €	-44.9%	73,6 k €	+85.9%	39,6 k €	-1.2%	40,1 k €	+15.3%	34,8 k €
Net result	115,3 k €	-34.1%	174,8 k €	-29.8%	249 k €	-22.3%	320,4 k €	+13.8%	281,5 k €	+250%	80,3 k €	+137%	-214,4 k €	-1610%	-12,5 k €	-227%	9,8 k €	-32.8%	14,6 k €	-70.6%	49,8 k €	+3295%	-1,6 k €	+50.9%	-3,2 k €	-111%	30,2 k €	+139%	12,6 k €	+10.0%	11,4 k €	+91.6%	6 k €
Balance sheet
Equity	1,1 M €	+10.0%	1 M €	+17.9%	878,4 k €	+10.3%	796,4 k €	-12.4%	909,4 k €	+43.0%	635,8 k €	+13.0%	562,8 k €	-1.5%	571,2 k €	-2.1%	583,7 k €	+1.7%	573,9 k €	+2.6%	559,2 k €	+9.8%	509,5 k €	-0.3%	511 k €	-0.6%	514,2 k €	+94.0%	265 k €	+5.0%	252,4 k €	+4.8%	241 k €
Total assets	1,9 M €	+4.7%	1,8 M €	+10.1%	1,6 M €	+26.5%	1,3 M €	-24.1%	1,7 M €	+32.8%	1,3 M €	-0.3%	1,3 M €	-3.2%	1,3 M €	+19.3%	1,1 M €	+2.2%	1,1 M €	-1.3%	1,1 M €	+4.6%	1,1 M €	-1.1%	1,1 M €	+6.2%	1 M €	+79.9%	563,1 k €	+14.6%	491,6 k €	-4.6%	515,5 k €
Cash	403,3 k €	+90.5%	211,6 k €	-8.6%	231,6 k €	-48.9%	453,1 k €	-22.8%	587,2 k €	+79.1%	327,9 k €	-18.3%	401,3 k €	+342%	90,9 k €	-25.2%	121,4 k €	+84.8%	65,7 k €	+23.6%	53,2 k €	-43.5%	94,1 k €	+7.4%	87,6 k €	+183%	31 k €	-56.3%	70,9 k €	+918%	7 k €	-82.4%	39,5 k €
Debts	710,4 k €	-3.0%	732,6 k €	-1.5%	743,9 k €	+53.2%	485,6 k €	-37.9%	781,4 k €	+21.9%	641,2 k €	-5.8%	680,7 k €	-6.8%	730,3 k €	+38.2%	528,6 k €	+2.3%	516,7 k €	-6.7%	553,7 k €	-0.2%	554,6 k €	-1.8%	564,7 k €	+13.2%	499 k €	+67.4%	298,1 k €	+24.6%	239,2 k €	-12.9%	274,6 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 4 ended

Active mandates

Benoit DE BEIR

Director

Active

Joëlle PHILIPS

Director

Active

Ended mandates

Joëlle PHILIPS

Director · since 20 juin 2022

Ended

Benoit De Beir

Manager · since 01 avril 2008

Ended

Benoit DE BEIR

Mandate

Ended

Benoit DE BEIR

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/12/2025	02/12/2024	20/11/2023	23/01/2023	06/10/2021	29/10/2020
General meeting	30/11/2025	30/11/2024	09/11/2023	31/12/2022	30/09/2021	30/09/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	30/11/2025	08/12/2025	Dutch	PDF
Abridged model	30/06/2024	30/11/2024	02/12/2024	Dutch	PDF
Abridged model	30/06/2023	09/11/2023	20/11/2023	Dutch	PDF
Abridged model	30/06/2022	31/12/2022	23/01/2023	Dutch	PDF
Abridged model	30/06/2021	30/09/2021	06/10/2021	Dutch	PDF
Micro model	30/06/2020	30/09/2020	29/10/2020	Dutch	PDF
Micro model	30/06/2019	30/12/2019	30/01/2020	Dutch	PDF
Micro model	31/03/2018	29/09/2018	12/10/2018	Dutch	PDF
Micro model	31/03/2017	30/09/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	30/09/2016	26/10/2016	Dutch	PDF
Abridged model	31/03/2015	26/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/03/2014	27/09/2014	01/10/2014	Dutch	PDF
Abridged model	31/03/2013	28/09/2013	24/10/2013	Dutch	PDF
Abridged model	31/03/2012	29/09/2012	30/10/2012	Dutch	PDF
Abridged model	31/03/2011	24/09/2011	07/11/2011	Dutch	PDF
Abridged model	31/03/2010	25/09/2010	22/10/2010	Dutch	PDF
Abridged model	31/03/2009	26/09/2009	27/10/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 4 ended

Active mandates

Benoit DE BEIR

Director

Active

Joëlle PHILIPS

Director

Active

Ended mandates

Joëlle PHILIPS

Director · since 20 juin 2022

Ended

Benoit De Beir

Manager · since 01 avril 2008

Ended

Benoit DE BEIR

Mandate

Ended

Benoit DE BEIR

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office26/01/2021
MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
PDF
Capital / shares16/05/2018
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares28/03/2012
ALGEMENE VERGADERING - DOEL - KAPITAAL - AANDELEN
PDF
Other11/04/2008
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

2025
Annual accounts 2025115,3 k €↓
2024
Annual accounts 2024174,8 k €↓
2023
Annual accounts 2023249 k €↓
2022
Annual accounts 2022320,4 k €↑
2021
Annual accounts 2021281,5 k €↑
2020
Annual accounts 202080,3 k €↑
2019
Annual accounts 2019-214,4 k €↓
2018
Annual accounts 2018-12,5 k €↓
2017
Annual accounts 20179,8 k €↓
2016
Annual accounts 201614,6 k €↓
2015
Annual accounts 201549,8 k €↑
2014
Annual accounts 2014-1,6 k €↑
2013
Annual accounts 2013-3,2 k €↓
2012
Annual accounts 201230,2 k €↑
2011
Annual accounts 201112,6 k €↑
2010
Annual accounts 201011,4 k €↑
2009
Annual accounts 20096 k €
26/03/2008
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SEASHELLS

Overview

What does SEASHELLS do?

Trend over 17 financial years

Indicative valuation

Board of directors

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