SEASITE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €325k and a net result of €54k. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 43% of 5498 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-04-2026, 113 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
113 d early
2024
30 d early
2023
113 d early
2022
87 d late
2021
9 d late
2020
65 d early
2019
124 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€325k▼ 13.4%
2024 · €375k
2018: €401k
2019: €433k
2020: €415k
2021: €408k
2022: €396k
2023: €362k
2024: €375k
2018 → 2025
Net result
€54k▲ 300%
2024 · €13k
2018: €34k
2019: €32k
2020: €-18k
2021: €-7k
2022: €-12k
2023: €-34k
2024: €13k
2018 → 2025
Total assets
€742k▲ 2.6%
2024 · €723k
2018: €698k
2019: €753k
2020: €744k
2021: €721k
2022: €692k
2023: €701k
2024: €723k
2018 → 2025
Solvency
43.8%▼ 8.1pp
2024 · 51.9%
2018: 57.4%
2019: 57.6%
2020: 55.9%
2021: 56.6%
2022: 57.1%
2023: 51.6%
2024: 51.9%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€408k-€396k▼ 3.1%€362k▼ 8.6%€375k▲ 3.7%€325k▼ 13.4%
Operating result€-2k-€-10k▼ 466%€-32k▼ 225%€16k€67k▲ 322%
Net result€-7k-€-12k▼ 69.6%€-34k▼ 173%€13k€54k▲ 300%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 322% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €742k
Fixed assets
€640k=
Current assets
€102k▲ 22.7%
Equity and liabilities €742k
Equity
€325k▼ 13.4%
Debt
€417k▲ 19.9%
The debt ratio rises from 48.1% to 56.2%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
43.8%▼
2024 · 51.9%
ROE
16.6%▲
2024 · 3.6%
ROA
7.3%▲
2024 · 1.9%
Debt
€417k▲
2024 · €348k
Debt ≤ 1 year
€407k▲
2024 · €338k
Debt > 1 year
€10k=
2024 · €10k
Income taxes
€11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€723k€742k▲
Fixed assets21/28€640k€640k=
Tangible fixed assets22/27-€0
Plant, machinery and equipment23-€0
Furniture and vehicles24-€0
Financial fixed assets28€640k€640k=
Current assets29/58€83k€102k▲
Amounts receivable within one year40/41€78k€101k▲
Trade receivables40€50k-
Other amounts receivable41€28k€101k▲
Cash at bank and in hand54/58-€33
Deferred charges and accrued income490/1€5k€735▼
Equity and liabilities
Total equity and liabilities10/49€723k€742k▲
Equity10/15€375k€325k▼
Contributions10/11€60k€60k=
Reserves13€110k€60k▼
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€104k€54k▼
Profit (loss) carried forward14€205k€205k=
Amounts payable17/49€348k€417k▲
Amounts payable after more than one year17€10k€10k=
Financial debts170/4€10k€10k=
Amounts payable within one year42/48€338k€407k▲
Current portion of amounts payable after more than one year42€10k€10k=
Financial debts43€25k€13k▼
Credit institutions430/8€25k€13k▼
Trade debts44€9k€6k▼
Suppliers440/4€9k€6k▼
Taxes, remuneration and social security45€11k€32k▲
Taxes450/3€10k€31k▲
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€283k€346k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30-
Other operating charges640/8€3k€528▼
Gross operating margin9900€19k€67k▲
Operating profit (loss)9901€16k€67k▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€13k€65k▲
Income taxes67/77-€11k
Profit (loss) for the period9904€13k€54k▲
Profit (loss) for the period to be appropriated9905€13k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€205k€259k▲
Profit (loss) brought forward from the previous period14P€192k€205k▲
Transfer from equity791/2-€104k
Transfer to equity691/2-€54k
To other reserves6921-€54k
Profit to be distributed694/7-€104k
Return on contributions (dividend)694-€104k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €54k ▲300%
Operating result €67k, net result €54k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after 4 loss-making years.
09-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 87 days late
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 9 days late
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 124 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tegelrie 298301 Knokke-HeistGround area
598 m²
Building footprint
130 m²
Parcel 31024A0090/00G002, Flanders. Linked by address, not a title deed.
1 establishment unit
Seasite
since 20112.197.618.043
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31024A0090/00G002 | Flanders | 598 m² | 1 · 129 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 390 EUR awarded · 390 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 390 EUR |
| 2024 | 1 | 390 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 13,760 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-04-2011
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.