ACTIVE

S.A.R.E.M.

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Financial year 2025 · closed on 31/03/2025

Net result

-88,6 k €

+36.3% YoY

Revenue

14 M €

-4.3% YoY

Equity

776 k €

-10.2% YoY

Workforce

23,8 ETP

-3.6% YoY

What does S.A.R.E.M. do?

S.A.R.E.M. is a Public limited company incorporated in 1959. Its registered office is in Hasselt. It employs on average 23,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0401.345.121

Incorporation

01/01/1959

Legal form

Public limited company

Registered office

Gebrandestraat 60B
3511 Hasselt · FlandreSee on map

Contributed capital

200 000,00 €

Latest accounts

31/03/2025

Average workforce

23,8 ETP

Joint committees (3)

14901
200
218

Signals

Positive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	14 M €	-4.3%	14,6 M €	-8.8%	16 M €	+10.9%	14,4 M €	+9.5%	13,2 M €	+3.4%	12,7 M €	+2.5%	12,4 M €	-2.4%	12,7 M €	+2.3%	12,4 M €	-5.6%	13,2 M €	+0.1%	13,2 M €	-3.5%	13,7 M €	-8.5%	14,9 M €	+2.3%	14,6 M €	-3.2%	15,1 M €	-13.6%	17,5 M €	-7.1%	18,8 M €	+4.0%	18,1 M €
EBITDA	194,6 k €	+36.7%	142,3 k €	-64.8%	404,7 k €	+110%	192,7 k €	-31.6%	281,9 k €	+31.9%	213,7 k €	+8.9%	196,1 k €	+65.3%	118,6 k €	-50.9%	241,7 k €	-13.1%	278 k €	-3.8%	289,1 k €	+154%	113,9 k €	-66.4%	338,8 k €	+26.1%	268,7 k €	+152%	-516,6 k €	-271%	302,3 k €	-41.6%	517,5 k €	+32.3%	391,2 k €
Operating result	94,8 k €	+116%	44 k €	-77.9%	199,4 k €	+100%	99,5 k €	+54.3%	64,5 k €	-56.0%	146,6 k €	+5.5%	138,9 k €	+460%	24,8 k €	-81.2%	132,1 k €	-35.2%	203,7 k €	-11.7%	230,6 k €	+126%	102 k €	-55.4%	228,7 k €	+44.7%	158 k €	+190%	-174,7 k €	-161%	287,5 k €	-32.3%	424,4 k €	+11.0%	382,3 k €
Net result	-88,6 k €	+36.3%	-139,2 k €	-326%	61,6 k €	+172%	22,6 k €	-4.8%	23,8 k €	-29.2%	33,6 k €	+488%	-8,6 k €	+92.7%	-118,5 k €	-303%	-29,4 k €	-201%	29,2 k €	-23.3%	38,1 k €	+122%	-172,8 k €	-690%	29,3 k €	+128%	-104,4 k €	+70.5%	-354,2 k €	-776%	52,4 k €	-66.8%	157,7 k €	+4.2%	151,3 k €
Balance sheet
Equity	776 k €	-10.2%	864,6 k €	-13.9%	1 M €	+6.5%	942,1 k €	+2.5%	919,5 k €	+2.0%	901,1 k €	+3.9%	867,5 k €	-1.0%	876,1 k €	-11.9%	994,6 k €	-2.9%	1 M €	+2.9%	994,8 k €	+4.0%	956,7 k €	-15.3%	1,1 M €	+2.7%	1,1 M €	-8.7%	1,2 M €	-22.7%	1,6 M €	+3.5%	1,5 M €	+92.1%	784 k €
Total assets	7,2 M €	-2.5%	7,4 M €	-11.6%	8,3 M €	-7.2%	9 M €	+15.3%	7,8 M €	-0.1%	7,8 M €	-1.6%	7,9 M €	+1.1%	7,8 M €	-3.1%	8,1 M €	+3.0%	7,9 M €	+0.7%	7,8 M €	+7.6%	7,3 M €	-7.3%	7,8 M €	+4.6%	7,5 M €	+3.7%	7,2 M €	-0.1%	7,2 M €	-5.4%	7,6 M €	+16.0%	6,6 M €
Cash	125,6 k €	-38.8%	205,1 k €	-63.1%	555,7 k €	-16.3%	663,8 k €	+92.5%	344,8 k €	+111%	163,5 k €	-53.1%	348,6 k €	+32.6%	262,9 k €	-22.2%	337,9 k €	-10.8%	378,9 k €	+17.9%	321,5 k €	+202%	106,6 k €	-74.1%	412,2 k €	+11.3%	370,4 k €	+144%	151,9 k €	-20.0%	189,8 k €	-22.3%	244,1 k €	+24.4%	196,3 k €
Debts	6,4 M €	-1.1%	6,5 M €	-11.4%	7,3 M €	-9.2%	8 M €	+17.2%	6,8 M €	+0.2%	6,8 M €	-2.5%	7 M €	+1.3%	6,9 M €	-1.9%	7 M €	+3.9%	6,8 M €	+0.2%	6,8 M €	+8.0%	6,3 M €	-6.0%	6,7 M €	+5.3%	6,3 M €	+8.4%	5,8 M €	+6.1%	5,5 M €	-7.9%	6 M €	+6.0%	5,6 M €
Other
Workforce	23,8 ETP	-3.6%	24,7 ETP	-3.5%	25,6 ETP	-2.7%	26,3 ETP	+0.4%	26,2 ETP	+1.9%	25,7 ETP	-5.2%	27,1 ETP	+0.4%	27,0 ETP	-5.9%	28,7 ETP	-8.6%	31,4 ETP	-6.8%	33,7 ETP	+2.4%	32,9 ETP	-6.3%	35,1 ETP	-3.0%	36,2 ETP	-9.0%	39,8 ETP	-0.5%	40,0 ETP	+0.5%	39,8 ETP	-2.9%	41,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 3 active · 33 ended

Active mandates

Ingrid Salaets

Director · since 01 septembre 2021 · until 01 septembre 2027

Active

Irena Salaets

Director · since 01 septembre 2021 · until 01 septembre 2027

Active

Luk Salaets

Director · since 01 septembre 2021 · until 01 septembre 2027

Active

Ended mandates

Ingrid Salaets

Director · since 01 septembre 2021 · until 04 septembre 2024

Ended

Irena Salaets

Director · since 01 septembre 2021 · until 04 septembre 2024

Ended

Luk Salaets

Managing director · since 01 septembre 2021 · until 04 septembre 2024

Ended

Ingrid Salaets

Director · since 01 janvier 2018 · until 01 septembre 2021

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/09/2025	04/10/2024	12/09/2023	27/09/2022	17/09/2021	21/09/2020
General meeting	03/09/2025	04/09/2024	06/09/2023	07/09/2022	01/09/2021	02/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2025	03/09/2025	12/09/2025	Dutch	PDF
Full model	31/03/2024	04/09/2024	04/10/2024	Dutch	PDF
Full model	31/03/2023	06/09/2023	12/09/2023	Dutch	PDF
Full model	31/03/2022	07/09/2022	27/09/2022	Dutch	PDF
Full model	31/03/2021	01/09/2021	17/09/2021	Dutch	PDF
Full model	31/03/2020	02/09/2020	21/09/2020	Dutch	PDF
Full model	31/03/2019	04/09/2019	10/09/2019	Dutch	PDF
Full model	31/03/2018	05/09/2018	18/09/2018	Dutch	PDF
Full model	31/03/2017	06/09/2017	12/09/2017	Dutch	PDF
Full model	31/03/2016	07/09/2016	23/09/2016	Dutch	PDF
Full model	31/03/2015	02/09/2015	03/09/2015	Dutch	PDF
Full model	31/03/2014	03/09/2014	08/01/2015	Dutch	PDF
Full model	31/03/2013	04/08/2013	01/10/2013	Dutch	PDF
Full model	31/03/2012	05/09/2012	26/09/2012	Dutch	PDF
Full model	31/03/2011	07/09/2011	27/09/2011	Dutch	PDF
Full model	31/03/2010	01/09/2010	14/09/2010	Dutch	PDF
Full model	31/03/2009	02/09/2009	14/09/2009	Dutch	PDF
Full model	31/03/2008	03/09/2008	16/09/2008	Dutch	PDF
Full model	31/03/2007	05/09/2007	25/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/03/2025 · 3 active · 33 ended

Active mandates

Ingrid Salaets

Director · since 01 septembre 2021 · until 01 septembre 2027

Active

Irena Salaets

Director · since 01 septembre 2021 · until 01 septembre 2027

Active

Luk Salaets

Director · since 01 septembre 2021 · until 01 septembre 2027

Active

Ended mandates

Ingrid Salaets

Director · since 01 septembre 2021 · until 04 septembre 2024

Ended

Irena Salaets

Director · since 01 septembre 2021 · until 04 septembre 2024

Ended

Luk Salaets

Managing director · since 01 septembre 2021 · until 04 septembre 2024

Ended

Ingrid Salaets

Director · since 01 janvier 2018 · until 01 septembre 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2015
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025-88,6 k €↑
2024
Annual accounts 2024-139,2 k €↓
2023
Annual accounts 202361,6 k €↑
2022
Annual accounts 202222,6 k €↓
2021
Annual accounts 202123,8 k €↓
2019
Annual accounts 201933,6 k €↑
2018
Annual accounts 2018-8,6 k €↑
2017
Annual accounts 2017-118,5 k €↓
2016
Annual accounts 2016-29,4 k €↓
2015
Annual accounts 201529,2 k €↓
2014
Annual accounts 201438,1 k €↑
2013
Annual accounts 2013-172,8 k €↓
2012
Annual accounts 201229,3 k €↑
2011
Annual accounts 2011-104,4 k €↑
2010
Annual accounts 2010-354,2 k €↓
2009
Annual accounts 200952,4 k €↓
2008
Annual accounts 2008157,7 k €↑
2007
Annual accounts 2007151,3 k €
01/01/1959
IncorporationPublic 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

S.A.R.E.M.

Overview

What does S.A.R.E.M. do?

Trend over 18 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