ACTIVE

SEASTAR SHIPPING

Financial year 2025 · Closed on 31/12/2025

Net result
184,1 k €
-77,3 %over 1 year
Gross margin
-122 k €
+38,3 %over 1 year
Equity
6,9 M €
+18,7 %over 1 year
Workforce
0,0 ETP

Identity

Source · BCE/KBO

SEASTAR SHIPPING is a Private limited company incorporated in 2023. Its registered office is in Sint-Martens-Latem.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 1003.535.274
Incorporation
18/12/2023
Legal form
Private limited company
Registered office
Kortrijksesteenweg 48 box 5
9830 Sint-Martens-Latem · FlandreSee on map
Contributed capital
3 787 276,26 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 2 filings

Trend over 2 financial years

20252024
Income statement
Gross margin-122 k €-197,6 k €
EBITDA-156,3 k €-207,3 k €
Operating result-156,3 k €-207,3 k €
Net result184,1 k €811 k €
Balance sheet
Equity6,9 M €5,8 M €
Total assets6,9 M €5,8 M €
Cash272,8 k €191,7 k €
Debts37,4 k €36,7 k €
Other
Workforce0,0 ETP0,0 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

3 active · 2 ended

Active mandates

Michael Van Cauwenberge

Director · since 13 juin 2025

Active
Lunasol Polaris

Director · since 15 décembre 2023 · 0779.322.348

Represented by Luc Synaeghel

Active
SEASTAR CAPITAL

Director · since 15 décembre 2023 · 0685.867.204

Represented by Joost Van Cauwenberge

Active

Ended mandates

Lunasol Polaris

Director · since 15 décembre 2023 · 0779.322.348

Represented by Luc SYNAEGHEL

Ended
SEASTAR CAPITAL

Director · since 15 décembre 2023 · 0685.867.204

Represented by Joost Van Cauwenberge

Ended

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Full financial information

Source · NBB
20252024
Type of accountAbridged modelAbridged model
Start of the financial year01/01/202515/12/2023
Closing of the financial year31/12/202531/12/2024
Length of the financial year12 months13 months
Filing date03/07/202610/07/2025
General meeting03/06/202613/06/2025
Currency of the financial yearEUREUR
NBB quality labelSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 2 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202503/06/202603/07/2026DutchPDF
Abridged model31/12/202413/06/202510/07/2025DutchPDF

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

3 active · 2 ended

Active mandates

Michael Van Cauwenberge

Director · since 13 juin 2025

Active
Lunasol Polaris

Director · since 15 décembre 2023 · 0779.322.348

Represented by Luc Synaeghel

Active
SEASTAR CAPITAL

Director · since 15 décembre 2023 · 0685.867.204

Represented by Joost Van Cauwenberge

Active

Ended mandates

Lunasol Polaris

Director · since 15 décembre 2023 · 0779.322.348

Represented by Luc SYNAEGHEL

Ended
SEASTAR CAPITAL

Director · since 15 décembre 2023 · 0685.867.204

Represented by Joost Van Cauwenberge

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates28/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares12/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - KAPITAAL - AANDELEN
    PDF
  • Other29/12/2023
    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

  1. 2025
    Annual accounts 2025184,1 k €↓
  2. 2024
    Annual accounts 2024811 k €
  3. 18/12/2023
    IncorporationPrivate limited company