ACTIVE

Sarens be

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-366,4 k €

-360.2% YoY

Revenue

49,7 M €

+43.5% YoY

Equity

8,7 M €

-4.4% YoY

Workforce

188,7 ETP

+8.1% YoY

What does Sarens be do?

Sarens be is a Public limited company incorporated in 1968. Its registered office is in Meise. It employs on average 188,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0404.032.219

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Autoweg 8
1861 Meise · FlandreSee on map

Contributed capital

800 000,00 €

Latest accounts

31/12/2025

Average workforce

188,7 ETP

Joint committees (3)

Signals

Good liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2008		2007		2006
Income statement
Revenue	49,7 M €	+43.5%	34,6 M €	-10.1%	38,5 M €	+22.9%	31,3 M €	+8.6%	28,9 M €	+6.8%	27 M €	-8.3%	29,5 M €	-16.1%	35,1 M €	-10.7%	39,4 M €	-5.7%	41,7 M €	+21.5%	34,3 M €	-3.4%	35,6 M €	-32.0%	52,3 M €	+12.8%	46,3 M €	-6.0%	49,3 M €	+101%	24,5 M €	-6.0%	26,1 M €	+21.5%	21,5 M €
EBITDA	10,9 M €	+8.4%	10,1 M €	+33.2%	7,5 M €	-12.4%	8,6 M €	-50.6%	17,4 M €	+152%	6,9 M €	-12.1%	7,9 M €	+5.0%	7,5 M €	+143%	3,1 M €	-50.8%	6,3 M €	-18.4%	7,7 M €	-15.7%	9,1 M €	+61.6%	5,7 M €	-51.2%	11,6 M €	+19.3%	9,7 M €	+33.2%	7,3 M €	+17.7%	6,2 M €	+41.3%	4,4 M €
Operating result	613,4 k €	-18.7%	754,8 k €	+108%	362,2 k €	-89.6%	3,5 M €	-67.9%	10,8 M €	+1244%	804,9 k €	-57.8%	1,9 M €	+290%	-1 M €	+42.5%	-1,7 M €	-275%	994 k €	+1417%	-75,5 k €	-102%	3,3 M €	+27.8%	2,6 M €	-62.4%	6,9 M €	+70.1%	4,1 M €	+121%	1,8 M €	+80.7%	1 M €	+27.3%	800,8 k €
Net result	-366,4 k €	-360%	-79,6 k €	+51.2%	-163 k €	-107%	2,3 M €	-71.4%	7,9 M €	+2080%	360,5 k €	-53.5%	774,6 k €	+187%	-894,1 k €	+31.3%	-1,3 M €	-378%	468,6 k €	+252%	-308,5 k €	-114%	2,3 M €	+43.0%	1,6 M €	-62.8%	4,3 M €	+69.0%	2,5 M €	+215%	805,2 k €	+179%	288,4 k €	-18.9%	355,6 k €
Balance sheet
Equity	8,7 M €	-4.4%	9,1 M €	-1.3%	9,2 M €	-68.6%	29,3 M €	+8.7%	27 M €	+41.3%	19,1 M €	+1.9%	18,7 M €	+4.3%	18 M €	-3.5%	18,6 M €	-6.5%	19,9 M €	+2.4%	19,4 M €	-1.6%	19,7 M €	+13.1%	17,5 M €	+10.1%	15,9 M €	+37.0%	11,6 M €	+240%	3,4 M €	+30.9%	2,6 M €	+12.5%	2,3 M €
Total assets	77,3 M €	+44.1%	53,6 M €	-11.0%	60,2 M €	-5.2%	63,5 M €	+5.0%	60,5 M €	+35.4%	44,7 M €	-35.8%	69,7 M €	+8.7%	64,1 M €	+70.5%	37,6 M €	-13.5%	43,4 M €	-0.6%	43,7 M €	-22.8%	56,6 M €	+9.8%	51,6 M €	+31.8%	39,1 M €	-3.2%	40,4 M €	+78.3%	22,6 M €	+2.5%	22,1 M €	+17.8%	18,8 M €
Cash	103,6 k €	-92.0%	1,3 M €	+747%	153,7 k €	-85.5%	1,1 M €	+6430%	16,2 k €	+18.4%	13,7 k €	-53.8%	29,7 k €	-44.4%	53,5 k €	-80.1%	268,6 k €	+0.1%	268,2 k €	-35.8%	418 k €	-1.7%	425,2 k €	+131%	184,4 k €	-44.4%	331,8 k €	+45.1%	228,7 k €	-7.3%	246,6 k €	-89.8%	2,4 M €	+291%	620,9 k €
Debts	54,6 M €	+42.8%	38,3 M €	-16.2%	45,7 M €	+43.9%	31,7 M €	+2.0%	31,1 M €	+34.2%	23,2 M €	-50.2%	46,6 M €	+10.8%	42 M €	+151%	16,7 M €	-15.3%	19,7 M €	+10.7%	17,8 M €	-35.0%	27,4 M €	+0.6%	27,3 M €	+35.4%	20,1 M €	-26.7%	27,5 M €	+44.5%	19 M €	-1.2%	19,2 M €	+17.3%	16,4 M €
Other
Workforce	188,7 ETP	+8.1%	174,5 ETP	+1.2%	172,5 ETP	-0.1%	172,6 ETP	+4.7%	164,8 ETP	-0.1%	164,9 ETP	+5.4%	156,5 ETP	+0.8%	155,2 ETP	-7.7%	168,2 ETP	+3.6%	162,4 ETP	+11.2%	146,0 ETP	-1.7%	148,6 ETP	-45.8%	274,2 ETP	-8.0%	298,1 ETP	-0.2%	298,8 ETP	+110%	142,5 ETP	-1.5%	144,6 ETP	+4.9%	137,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 17 ended

Active mandates

Andrew Winter

Director · since 31 octobre 2024 · until 31 octobre 2030

Active

ACIMM

Managing director · since 25 janvier 2024 · until 24 janvier 2030 · 0537.781.559

Represented by Bart Minnen

Active

Wim Sarens

Director · since 27 mai 2022 · until 26 mai 2028

Active

Ended mandates

Ronald Rozema

Director · since 25 janvier 2024 · until 31 octobre 2024

Ended

Ronald Rozema

Director · since 25 janvier 2024 · until 24 janvier 2030

Ended

Olivier Rosenveig

Director · since 27 mai 2022 · until 25 janvier 2024

Ended

Olivier Rosenveig

Director · since 27 mai 2022 · until 26 mai 2028

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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/06/2026	16/06/2026	12/06/2024	12/06/2023	01/06/2023	28/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/05/2026	15/06/2026	Dutch	PDF
Full modelCorrection	31/12/2024	30/05/2025	16/06/2026	Dutch	PDF
Full model	31/12/2024	30/05/2025	13/06/2025	Dutch	PDF
Full model	31/12/2023	31/05/2024	12/06/2024	Dutch	PDF
Full model	31/12/2022	26/05/2023	12/06/2023	Dutch	PDF
Full modelCorrection	31/12/2021	27/05/2022	01/06/2023	Dutch	PDF
Full model	31/12/2021	27/05/2022	22/06/2022	Dutch	PDF
Full model	31/12/2020	28/05/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	29/05/2020	18/06/2020	Dutch	PDF
Full model	31/12/2018	31/05/2019	06/06/2019	Dutch	PDF
Full model	31/12/2017	15/06/2018	05/07/2018	Dutch	PDF
Full model	31/12/2016	26/05/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	27/05/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	29/05/2015	29/06/2015	Dutch	PDF
Full model	31/12/2013	30/05/2014	20/06/2014	Dutch	PDF
Full model	31/12/2012	31/05/2013	25/06/2013	Dutch	PDF
Full model	31/12/2011	25/05/2012	25/06/2012	Dutch	PDF
Full model	31/12/2010	27/05/2011	27/06/2011	Dutch	PDF
Full model	31/12/2009	28/05/2010	29/06/2010	Dutch	PDF
Full model	31/12/2008	29/05/2009	24/06/2009	Dutch	PDF
Full model	31/12/2007	30/05/2008	27/06/2008	Dutch	PDF
Full model	31/12/2006	25/05/2007	20/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 31/12/2025 · 3 active · 17 ended

Active mandates

Andrew Winter

Director · since 31 octobre 2024 · until 31 octobre 2030

Active

ACIMM

Managing director · since 25 janvier 2024 · until 24 janvier 2030 · 0537.781.559

Represented by Bart Minnen

Active

Wim Sarens

Director · since 27 mai 2022 · until 26 mai 2028

Active

Ended mandates

Ronald Rozema

Director · since 25 janvier 2024 · until 31 octobre 2024

Ended

Ronald Rozema

Director · since 25 janvier 2024 · until 24 janvier 2030

Ended

Olivier Rosenveig

Director · since 27 mai 2022 · until 25 janvier 2024

Ended

Olivier Rosenveig

Director · since 27 mai 2022 · until 26 mai 2028

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other20/11/2020
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 2025-366,4 k €↓
30/05/2025
reconductionKPMG Bedrijfsrevisoren BV — commissaris
30/05/2025
nominationSteven Veyt — vaste vertegenwoordiger
2024
Annual accounts 2024-79,6 k €↑
31/10/2024
nominationAndrew Winter — bestuurder
25/01/2024
nominationRonald Rozema — bestuurder
25/01/2024
nominationBart Minnen — bestuurder / gedelegeerd bestuurder
2023
Annual accounts 2023-163 k €↓
23/10/2023
nominationBart Minnen — volmacht voor alle daden met betrekking tot het aangaan en beëindigen van arbeidsovereenkomsten
2022
Annual accounts 20222,3 M €↓
27/05/2022
nominationWim Sarens — bestuurder
27/05/2022
nominationOlivier Rosenveig — bestuurder
27/05/2022
nominationSteven Crispeels — bestuurder
27/05/2022
nominationSteven Crispeels — gedelegeerd bestuurder
27/05/2022
nominationSteven Veyt — vaste vertegenwoordiger (commissaris)
28/04/2022
nominationMarc De Boom — gevolmachtigde
2021
Annual accounts 20217,9 M €↑
2020
Annual accounts 2020360,5 k €↓
2019
Annual accounts 2019774,6 k €↑
2018
Annual accounts 2018-894,1 k €↑
2017
Annual accounts 2017-1,3 M €↓
2016
Annual accounts 2016468,6 k €↑
2015
Annual accounts 2015-308,5 k €↓
2014
Annual accounts 20142,3 M €↑
2013
Annual accounts 20131,6 M €↓
2012
Annual accounts 20124,3 M €↑
2011
Annual accounts 20112,5 M €↑
2011
Name changeSarens BE
2008
Annual accounts 2008805,2 k €↑
2007
Annual accounts 2007288,4 k €↓
2006
Annual accounts 2006355,6 k €
2006
Name changeSARENS TELE
01/01/1968
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

Sarens be

Overview

What does Sarens be 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