ACTIVE

Sas

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Financial year 2025 · closed on 31/12/2025

Net result

-3,3 M €

-24.9% YoY

Revenue

41,2 M €

+11.0% YoY

Equity

4,3 M €

-43.9% YoY

Workforce

83,2 ETP

+5.1% YoY

What does Sas do?

Sas is a Public limited company incorporated in 1968. Its registered office is in Beerse. It employs on average 83,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0404.190.783

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Lilsedijk 36
2340 Beerse · FlandreSee on map

Contributed capital

1 844 243,22 €

Latest accounts

31/12/2025

Average workforce

83,2 ETP

Joint committees (3)

118
11817
220

Signals

Good liquidityHealthy 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		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	41,2 M €	+11.0%	37,1 M €	+2.7%	36,2 M €	-16.8%	43,5 M €	+2.1%	42,5 M €	+5.6%	40,3 M €	+11.7%	36,1 M €	-9.4%	39,8 M €	-22.8%	51,5 M €	+3.0%	50 M €	+11.2%	45 M €	+12.6%	39,9 M €	-4.0%	41,6 M €	-20.4%	52,3 M €	-12.6%	59,8 M €	+38.8%	43,1 M €	+3.7%	41,6 M €	+7.8%	38,6 M €
EBITDA	-2,4 M €	-51.1%	-1,6 M €	+54.7%	-3,5 M €	-9.2%	-3,3 M €	-546%	-503,1 k €	-133%	1,5 M €	-11.0%	1,7 M €	-25.5%	2,3 M €	-22.4%	2,9 M €	+19.7%	2,4 M €	-2.1%	2,5 M €	-21.5%	3,2 M €	+5.2%	3 M €	+3.3%	2,9 M €	+107%	1,4 M €	-24.5%	1,9 M €	-39.0%	3,1 M €	+1.5%	3 M €
Operating result	-3,1 M €	-23.0%	-2,5 M €	+38.8%	-4,2 M €	+8.2%	-4,5 M €	-214%	-1,4 M €	-559%	314,5 k €	+10.9%	283,7 k €	-56.9%	657,6 k €	-30.6%	947 k €	+33.2%	710,9 k €	-6.5%	760,1 k €	-58.0%	1,8 M €	-7.2%	2 M €	+54.5%	1,3 M €	+1036%	-134,9 k €	-144%	305,3 k €	-76.4%	1,3 M €	-3.2%	1,3 M €
Net result	-3,3 M €	-24.9%	-2,7 M €	+40.0%	-4,4 M €	+2.8%	-4,6 M €	-211%	-1,5 M €	-1005%	162,5 k €	+2.4%	158,7 k €	-62.6%	424,4 k €	-28.1%	590 k €	+30.2%	453,1 k €	-5.7%	480,5 k €	-58.7%	1,2 M €	-4.0%	1,2 M €	+25.8%	962,4 k €	+445%	-278,6 k €	-239%	199,7 k €	-75.2%	804,4 k €	-5.3%	849 k €
Balance sheet
Equity	4,3 M €	-43.9%	7,6 M €	+171%	2,8 M €	-61.4%	7,3 M €	-32.8%	10,8 M €	-14.5%	12,6 M €	+1.3%	12,5 M €	+1.0%	12,3 M €	+3.5%	11,9 M €	+5.1%	11,3 M €	+4.0%	10,9 M €	+4.5%	10,4 M €	+12.4%	9,3 M €	+14.8%	8,1 M €	+13.3%	7,1 M €	-3.9%	7,4 M €	+2.6%	7,2 M €	+12.2%	6,5 M €
Total assets	15,9 M €	-10.7%	17,9 M €	-4.5%	18,7 M €	-21.8%	23,9 M €	+5.7%	22,6 M €	-4.3%	23,6 M €	+8.2%	21,9 M €	+14.8%	19 M €	-7.1%	20,5 M €	-19.0%	25,3 M €	+28.1%	19,8 M €	+1.6%	19,5 M €	+10.2%	17,7 M €	-3.0%	18,2 M €	-18.4%	22,3 M €	+27.7%	17,5 M €	+5.7%	16,6 M €	+3.0%	16,1 M €
Cash	75,1 k €	-86.9%	571,5 k €	-35.2%	881,4 k €	-45.7%	1,6 M €	-1.2%	1,6 M €	-32.6%	2,4 M €	-20.8%	3,1 M €	+99.9%	1,5 M €	+8.1%	1,4 M €	+41.3%	1 M €	+75.6%	573,3 k €	-77.6%	2,6 M €	-7.9%	2,8 M €	+62.1%	1,7 M €	+167%	640,4 k €	-43.3%	1,1 M €	+12.6%	1 M €	-14.6%	1,2 M €
Debts	11,6 M €	+13.9%	10,2 M €	-35.6%	15,8 M €	-4.7%	16,6 M €	+41.1%	11,8 M €	+7.0%	11 M €	+17.4%	9,4 M €	+40.9%	6,7 M €	-21.7%	8,5 M €	-38.6%	13,8 M €	+61.6%	8,6 M €	-0.3%	8,6 M €	+4.5%	8,2 M €	-17.6%	10 M €	-34.0%	15,1 M €	+51.4%	10 M €	+8.6%	9,2 M €	-2.8%	9,5 M €
Other
Workforce	83,2 ETP	+5.1%	79,2 ETP	-11.5%	89,5 ETP	-7.2%	96,4 ETP	-4.1%	100,5 ETP	+7.6%	93,4 ETP	+6.5%	87,7 ETP	-8.6%	95,9 ETP	-9.3%	105,7 ETP	+5.9%	99,8 ETP	+11.9%	89,2 ETP	-1.2%	90,3 ETP	-6.3%	96,4 ETP	-10.5%	107,7 ETP	-7.6%	116,5 ETP	+15.8%	100,6 ETP	-5.5%	106,5 ETP	+7.0%	99,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 26 ended

Active mandates

Godefridus Johannes Cober

Director · since 24 mai 2024 · until 06 janvier 2030

Active

Ended mandates

D&L Legal

Director · since 02 novembre 2021 · until 27 mai 2027 · 0707.530.668

Represented by Philip Wouters

Ended

Frans Van Tilborg

Managing director · since 02 novembre 2021 · until 27 mai 2027

Ended

Karl Hermans

Director · since 02 novembre 2021 · until 27 mai 2027

Ended

Stijn Michielsen

Director · since 02 novembre 2021 · until 27 mai 2027

Ended

At this address

Other companies at this address

Company	CBE no.
COFFEE HOLDING● Active	1035.571.109

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	30/05/2025	28/06/2024	01/06/2023	27/07/2022	16/07/2021
General meeting	28/05/2026	30/05/2025	23/05/2024	25/05/2023	30/06/2022	30/06/2021
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

50 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	28/05/2026	15/06/2026	Dutch	PDF
Full model	31/12/2024	30/05/2025	30/05/2025	Dutch	PDF
Full model	31/12/2023	23/05/2024	28/06/2024	Dutch	PDF
Full modelCorrection	31/12/2022	25/05/2023	20/06/2023	Dutch	PDF
Full model	31/12/2022	25/05/2023	01/06/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	27/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	16/07/2021	Dutch	PDF
Full model	31/12/2019	08/09/2020	11/09/2020	Dutch	PDF
Full model	31/12/2018	24/07/2019	31/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	04/07/2018	Dutch	PDF
Full model	31/12/2016	29/06/2017	06/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	15/07/2016	Dutch	PDF
Full model	31/12/2014	11/06/2015	25/06/2015	Dutch	PDF
Full model	31/12/2013	05/06/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	13/06/2013	26/06/2013	Dutch	PDF
Full model	31/12/2011	14/06/2012	21/06/2012	Dutch	PDF
Full model	31/12/2010	26/05/2011	29/06/2011	Dutch	PDF
Full model	31/12/2009	03/06/2010	15/07/2010	Dutch	PDF
Full model	31/12/2008	28/05/2009	06/07/2009	Dutch	PDF
Full model	31/12/2007	29/05/2008	30/06/2008	Dutch	PDF
Full model	31/12/2006	28/06/2007	02/07/2007	Dutch	PDF
Full model	31/12/2005	29/06/2006	25/07/2006	Dutch	PDF
Full model	31/12/2004	26/05/2005	01/07/2005	Dutch	PDF
Full model	31/12/2003	17/06/2004	19/07/2004	Dutch	PDF

View all 50 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 1 active · 26 ended

Active mandates

Godefridus Johannes Cober

Director · since 24 mai 2024 · until 06 janvier 2030

Active

Ended mandates

D&L Legal

Director · since 02 novembre 2021 · until 27 mai 2027 · 0707.530.668

Represented by Philip Wouters

Ended

Frans Van Tilborg

Managing director · since 02 novembre 2021 · until 27 mai 2027

Ended

Karl Hermans

Director · since 02 novembre 2021 · until 27 mai 2027

Ended

Stijn Michielsen

Director · since 02 novembre 2021 · until 27 mai 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office12/03/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/06/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/06/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN
PDF
Restructuring25/01/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring28/11/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates03/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring25/11/2021
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 2025-3,3 M €↓
2024
Annual accounts 2024-2,7 M €↑
2023
Annual accounts 2023-4,4 M €↑
2022
Annual accounts 2022-4,6 M €↓
2021
Annual accounts 2021-1,5 M €↓
2020
Annual accounts 2020162,5 k €↑
2019
Annual accounts 2019158,7 k €↓
2018
Annual accounts 2018424,4 k €↓
2017
Annual accounts 2017590 k €↑
2016
Annual accounts 2016453,1 k €↓
2015
Annual accounts 2015480,5 k €↓
2014
Annual accounts 20141,2 M €↓
2013
Annual accounts 20131,2 M €↑
2012
Annual accounts 2012962,4 k €↑
2011
Annual accounts 2011-278,6 k €↓
2010
Annual accounts 2010199,7 k €↓
2009
Annual accounts 2009804,4 k €↓
2008
Annual accounts 2008849 k €
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

Sas

Overview

What does Sas do?

Trend over 18 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