ACTIVE

Sanico

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Financial year 2025 · closed on 31/12/2025

Net result

789,7 k €

-35.9% YoY

Revenue

22,3 M €

-8.3% YoY

Equity

13,3 M €

+6.3% YoY

Workforce

87,1 ETP

-7.2% YoY

What does Sanico do?

Sanico is a Public limited company incorporated in 1937. Its registered office is in Turnhout. It employs on average 87,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0404.190.288

Incorporation

21/05/1937

Legal form

Public limited company

Registered office

Veedijk 59
2300 Turnhout · FlandreSee on map

Contributed capital

322 261,58 €

Latest accounts

31/12/2025

Average workforce

87,1 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	22,3 M €	-8.3%	24,3 M €	+0.7%	24,1 M €	+11.8%	21,6 M €	-11.7%	24,4 M €	-20.3%	30,7 M €	+18.5%	25,9 M €	+5.2%	24,6 M €	+8.1%	22,8 M €	+5.0%	21,7 M €	-21.4%	27,6 M €	-16.4%	33 M €	+8.4%	30,4 M €	-0.9%	30,7 M €	+6.6%	28,8 M €	-9.5%	31,8 M €	+25.2%	25,4 M €	+3.4%	24,6 M €	-16.4%	29,4 M €	-18.4%	36 M €
EBITDA	2,1 M €	-24.0%	2,8 M €	-18.4%	3,5 M €	+4.6%	3,3 M €	-37.0%	5,2 M €	-40.2%	8,8 M €	+51.9%	5,8 M €	-9.5%	6,4 M €	+11.3%	5,7 M €	+26.5%	4,5 M €	-30.8%	6,6 M €	-17.6%	7,9 M €	+27.9%	6,2 M €	-3.9%	6,5 M €	+4.0%	6,2 M €	-28.4%	8,7 M €	+106%	4,2 M €	+16.3%	3,6 M €	-46.1%	6,7 M €	-31.7%	9,9 M €
Operating result	1,1 M €	-31.7%	1,6 M €	-18.9%	2 M €	+17.8%	1,7 M €	-52.8%	3,6 M €	-47.6%	6,8 M €	+50.7%	4,5 M €	-16.6%	5,4 M €	+13.7%	4,7 M €	+53.4%	3,1 M €	-41.6%	5,3 M €	-23.1%	6,9 M €	+31.7%	5,2 M €	-1.6%	5,3 M €	+7.9%	4,9 M €	-32.8%	7,3 M €	+158%	2,8 M €	+46.7%	1,9 M €	-58.2%	4,6 M €	-34.4%	7,1 M €
Net result	789,7 k €	-35.9%	1,2 M €	-11.2%	1,4 M €	+25.5%	1,1 M €	-56.4%	2,5 M €	-48.9%	5 M €	+62.8%	3 M €	-18.0%	3,7 M €	+20.6%	3,1 M €	+54.4%	2 M €	-40.4%	3,3 M €	-27.6%	4,6 M €	+28.5%	3,6 M €	-1.0%	3,6 M €	-11.1%	4,1 M €	-17.1%	4,9 M €	+135%	2,1 M €	+40.9%	1,5 M €	-62.7%	4 M €	-21.5%	5,1 M €
Balance sheet
Equity	13,3 M €	+6.3%	12,5 M €	+0.3%	12,5 M €	+0.3%	12,4 M €	+0.0%	12,4 M €	+0.3%	12,4 M €	+0.1%	12,4 M €	+0.4%	12,3 M €	+0.1%	12,3 M €	+0.2%	12,3 M €	+0.1%	12,3 M €	+0.1%	12,3 M €	+0.2%	12,3 M €	+0.1%	12,2 M €	+0.2%	12,2 M €	+0.3%	12,2 M €	+0.2%	12,2 M €	+0.0%	12,2 M €	+13.9%	10,7 M €	-9.5%	11,8 M €
Total assets	24,2 M €	+1.6%	23,8 M €	+3.9%	22,9 M €	+7.6%	21,3 M €	-12.9%	24,4 M €	-17.4%	29,6 M €	+2.5%	28,9 M €	+16.1%	24,9 M €	+23.2%	20,2 M €	+7.0%	18,9 M €	-7.5%	20,4 M €	-1.8%	20,8 M €	+2.5%	20,3 M €	-1.1%	20,5 M €	-13.2%	23,6 M €	-0.2%	23,6 M €	+30.9%	18,1 M €	+15.6%	15,6 M €	+9.4%	14,3 M €	-12.5%	16,3 M €
Cash	5 M €	-2.9%	5,2 M €	+261%	1,4 M €	-60.4%	3,6 M €	-62.2%	9,6 M €	-4.9%	10,1 M €	-3.4%	10,5 M €	+15.2%	9,1 M €	+27.6%	7,1 M €	+8.1%	6,6 M €	-20.3%	8,3 M €	+31.3%	6,3 M €	+181%	2,2 M €	-20.8%	2,8 M €	-38.1%	4,6 M €	+43.6%	3,2 M €	+4.5%	3 M €	-1.9%	3,1 M €	+419%	598,9 k €	+0.7%	594,7 k €
Debts	10,9 M €	-3.5%	11,3 M €	+8.2%	10,4 M €	+17.7%	8,9 M €	-26.2%	12 M €	-30.1%	17,2 M €	+4.2%	16,5 M €	+31.6%	12,5 M €	+59.4%	7,9 M €	+20.0%	6,6 M €	-18.6%	8 M €	-5.0%	8,5 M €	+6.3%	8 M €	-2.6%	8,2 M €	-27.6%	11,3 M €	-0.8%	11,4 M €	+95.1%	5,8 M €	+69.7%	3,4 M €	-3.7%	3,6 M €	-16.5%	4,3 M €
Other
Workforce	87,1 ETP	-7.2%	93,9 ETP	-2.4%	96,2 ETP	-7.0%	103,4 ETP	-11.9%	117,4 ETP	-5.5%	124,2 ETP	+4.6%	118,7 ETP	-0.7%	119,5 ETP	-2.0%	122,0 ETP	-9.4%	134,7 ETP	-14.6%	157,8 ETP	+1.7%	155,2 ETP	+1.8%	152,5 ETP	-2.1%	155,7 ETP	+3.2%	150,9 ETP	-1.5%	153,2 ETP	+6.5%	143,8 ETP	-5.0%	151,3 ETP	-7.3%	163,3 ETP	-4.5%	171,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 18 ended

Active mandates

Joanna Carpentier

Director · since 24 février 2020 · until 13 avril 2026

Active

Marcel Alexander Fleerackers

Managing director · since 24 février 2020 · until 13 avril 2026

Active

Marcel Fleerackers

Chairman of the board of directors · since 24 février 2020 · until 13 avril 2026

Active

Ended mandates

Marcel Alexander Fleerackers

Managing director · since 13 avril 2015 · until 12 avril 2021

Ended

Marcel Fleerackers

Chairman of the board of directors · since 13 avril 2015 · until 12 avril 2021

Ended

SYNVESTPRO

Director · since 13 avril 2015 · until 12 avril 2021 · 0431.672.566

Represented by Marcel Fleerackers

Ended

SYNVESTPRO

Director · since 13 avril 2015 · until 12 avril 2021 · 0431.672.566

Represented by Marcel Fleerackers

Ended

At this address

Other companies at this address

Company	CBE no.
HEFRA● Active	0469.612.632
SCUDERIA● Active	0849.682.584

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	29/04/2026	16/07/2025	18/06/2024	09/05/2023	28/04/2022	10/05/2021
General meeting	13/04/2026	30/05/2025	08/04/2024	11/04/2023	11/04/2022	12/04/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	13/04/2026	29/04/2026	Dutch	PDF
Full model	31/12/2024	30/05/2025	16/07/2025	Dutch	PDF
Full model	31/12/2023	08/04/2024	18/06/2024	Dutch	PDF
Full model	31/12/2022	11/04/2023	09/05/2023	Dutch	PDF
Full model	31/12/2021	11/04/2022	28/04/2022	Dutch	PDF
Full model	31/12/2020	12/04/2021	10/05/2021	Dutch	PDF
Full model	31/12/2019	25/09/2020	21/10/2020	Dutch	PDF
Full model	31/12/2018	08/04/2019	17/04/2019	Dutch	PDF
Full model	31/12/2017	09/04/2018	11/04/2018	Dutch	PDF
Full model	31/12/2016	10/04/2017	08/05/2017	Dutch	PDF
Full model	31/12/2015	11/04/2016	20/04/2016	Dutch	PDF
Full model	31/12/2014	13/04/2015	10/06/2015	Dutch	PDF
Full model	31/12/2013	14/04/2014	31/08/2014	Dutch	PDF
Full model	31/12/2012	22/05/2013	24/08/2013	Dutch	PDF
Full model	31/12/2011	10/04/2012	07/08/2012	Dutch	PDF
Full model	31/12/2010	23/06/2011	31/08/2011	Dutch	PDF
Full model	31/12/2009	18/06/2010	26/08/2010	Dutch	PDF
Full model	31/12/2008	14/04/2009	18/05/2009	Dutch	PDF
Full model	31/12/2007	14/04/2008	14/05/2008	Dutch	PDF
Full model	31/12/2006	10/04/2007	09/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 18 ended

Active mandates

Joanna Carpentier

Director · since 24 février 2020 · until 13 avril 2026

Active

Marcel Alexander Fleerackers

Managing director · since 24 février 2020 · until 13 avril 2026

Active

Marcel Fleerackers

Chairman of the board of directors · since 24 février 2020 · until 13 avril 2026

Active

Ended mandates

Marcel Alexander Fleerackers

Managing director · since 13 avril 2015 · until 12 avril 2021

Ended

Marcel Fleerackers

Chairman of the board of directors · since 13 avril 2015 · until 12 avril 2021

Ended

SYNVESTPRO

Director · since 13 avril 2015 · until 12 avril 2021 · 0431.672.566

Represented by Marcel Fleerackers

Ended

SYNVESTPRO

Director · since 13 avril 2015 · until 12 avril 2021 · 0431.672.566

Represented by Marcel Fleerackers

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other05/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2014
ONTSLAGEN - BENOEMINGEN
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 2025789,7 k €↓
2024
Annual accounts 20241,2 M €↓
2023
Annual accounts 20231,4 M €↑
2022
Annual accounts 20221,1 M €↓
2021
Annual accounts 20212,5 M €↓
2020
Annual accounts 20205 M €↑
2019
Annual accounts 20193 M €↓
2018
Annual accounts 20183,7 M €↑
2017
Annual accounts 20173,1 M €↑
2016
Annual accounts 20162 M €↓
2015
Annual accounts 20153,3 M €↓
2014
Annual accounts 20144,6 M €↑
2013
Annual accounts 20133,6 M €↓
2012
Annual accounts 20123,6 M €↓
2011
Annual accounts 20114,1 M €↓
2010
Annual accounts 20104,9 M €↑
2009
Annual accounts 20092,1 M €↑
2008
Annual accounts 20081,5 M €↓
2007
Annual accounts 20074 M €↓
2006
Annual accounts 20065,1 M €
21/05/1937
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

Sanico

Overview

What does Sanico do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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