ACTIVE

SanoRice Belgium

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Financial year 2023 · Closed on 31/12/2023

Net result956 k €-13,2 %over 1 year

Revenue68,5 M €+10,1 %over 1 year

Equity19,3 M €+5,2 %over 1 year

Workforce259,0 ETP+0,9 %over 1 year

Identity

Source · BCE/KBO

SanoRice Belgium is a Public limited company incorporated in 1985. Its main activity is: Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes. Its registered office is in Zottegem. It employs on average 259,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0426.994.097
Incorporation: 05/04/1985
Legal form: Public limited company
Registered office: Ballingsweg 10
9620 Zottegem · FlandreSee on map
Contributed capital: 8 830 834,00 €
Latest accounts: 31/12/2023
Average workforce: 259,0 ETP

Activities (NACE)

10720Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes· main 10720Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes 10890Manufacture of other food products n.e.c.10890Manufacture of other food products n.e.c.15890Manufacture of leather and related products 46389Wholesale of other food, including fish, crustaceans and molluscs+2

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 15 financial years

	2023		2022		2021		2020		2019
Income statement
Revenue	68,5 M €	+10.1%	62,2 M €	+13.6%	54,8 M €	+7.8%	50,8 M €	+9.4%	46,5 M €
EBITDA	5,5 M €	-5.1%	5,8 M €	-0.3%	5,8 M €	+18.7%	4,9 M €	+37.3%	3,6 M €
Operating result	2,2 M €	+6.0%	2,1 M €	-7.5%	2,3 M €	+25.8%	1,8 M €	+6.9%	1,7 M €
Net result	956 k €	-13.2%	1,1 M €	-11.4%	1,2 M €	+62.0%	767,5 k €	-23.8%	1 M €
Balance sheet
Equity	19,3 M €	+5.2%	18,3 M €	+6.4%	17,2 M €	+7.8%	16 M €	+5.0%	15,2 M €
Total assets	48,9 M €	+0.9%	48,5 M €	+7.5%	45,1 M €	+2.6%	44 M €	+27.1%	34,6 M €
Cash	4,6 M €	+352%	1 M €	+268%	276,8 k €	-63.5%	759 k €	+63.6%	464 k €
Debts	29,6 M €	-1.6%	30,1 M €	+8.0%	27,9 M €	-0.3%	27,9 M €	+44.4%	19,4 M €
Other
Workforce	259,0 ETP	+0.9%	256,8 ETP	+1.5%	253,0 ETP	+9.7%	230,7 ETP	+13.3%	203,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2023

4 active · 29 ended

Active mandates

Annelies WEYMEELS

Director · since 24 novembre 2021 · until 02 juin 2025

Active

Arend VAN DOORN

Director · since 03 juin 2019 · until 02 juin 2025

Active

Gert HENDRIKSEN

Director · since 03 juin 2019 · until 27 juin 2024

Active

SanoRice Holding BV

Director · since 03 juin 2019 · until 02 juin 2025

Represented by Robert Vreeman

Active

Ended mandates

Gert HENDRIKSEN

Director · since 03 juin 2019 · until 02 juin 2025

Ended

Rudi DE PRAETERE

Director · since 03 juin 2019 · until 21 janvier 2022

Ended

Rudi DE PRAETERE

Director · since 03 juin 2019 · until 02 juin 2025

Ended

Theodorus VAN VOORTHUIJSEN

Director · since 03 juin 2019 · until 07 décembre 2022

Ended

Full financial information

Source · NBB

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/06/2025	27/06/2024	19/07/2023	23/06/2022	29/06/2021	16/07/2020
General meeting	25/06/2025	27/06/2024	22/06/2023	06/06/2022	07/06/2021	01/06/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	25/06/2025	25/06/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	27/06/2024	Dutch	PDF
Full model	31/12/2022	22/06/2023	19/07/2023	Dutch	PDF
Full model	31/12/2021	06/06/2022	23/06/2022	Dutch	PDF
Full model	31/12/2020	07/06/2021	29/06/2021	Dutch	PDF
Full model	31/12/2019	01/06/2020	16/07/2020	Dutch	PDF
Full model	31/12/2018	03/06/2019	17/06/2019	Dutch	PDF
Full model	31/12/2017	04/06/2018	19/06/2018	Dutch	PDF
Full model	31/12/2016	05/06/2017	26/06/2017	Dutch	PDF
Full model	31/12/2015	06/06/2016	22/06/2016	Dutch	PDF
Full model	31/12/2014	01/06/2015	23/06/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	23/06/2014	Dutch	PDF
Full model	31/12/2012	03/06/2013	27/06/2013	Dutch	PDF
Full model	31/12/2011	04/06/2012	26/06/2012	Dutch	PDF
Full modelCorrection	31/12/2010	06/06/2011	27/03/2012	Dutch	PDF
Full model	31/12/2010	06/06/2011	20/07/2011	Dutch	PDF
Full model	31/12/2009	07/06/2010	26/07/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	29/07/2009	Dutch	PDF
Full model	31/12/2007	23/06/2008	17/07/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	26/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2023

4 active · 29 ended

Active mandates

Annelies WEYMEELS

Director · since 24 novembre 2021 · until 02 juin 2025

Active

Arend VAN DOORN

Director · since 03 juin 2019 · until 02 juin 2025

Active

Gert HENDRIKSEN

Director · since 03 juin 2019 · until 27 juin 2024

Active

SanoRice Holding BV

Director · since 03 juin 2019 · until 02 juin 2025

Represented by Robert Vreeman

Active

Ended mandates

Gert HENDRIKSEN

Director · since 03 juin 2019 · until 02 juin 2025

Ended

Rudi DE PRAETERE

Director · since 03 juin 2019 · until 21 janvier 2022

Ended

Rudi DE PRAETERE

Director · since 03 juin 2019 · until 02 juin 2025

Ended

Theodorus VAN VOORTHUIJSEN

Director · since 03 juin 2019 · until 07 décembre 2022

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates18/09/2026
Benoeming commissaris
PDF
Mandates19/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other25/09/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Mandates13/02/2023
ONTSLAGEN - BENOEMINGEN
PDF

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A company's peers, by sector and size, are included in the Business plan.

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Timeline

2023
Annual accounts 2023956 k €↓
2022
Annual accounts 20221,1 M €↓
2021
Annual accounts 20211,2 M €↑
2020
Annual accounts 2020767,5 k €↓
2019
Annual accounts 20191 M €↑
2018
Annual accounts 2018944 k €↑
2017
Annual accounts 2017709,8 k €↑
2016
Annual accounts 2016662,9 k €↑
2015
Annual accounts 2015541,5 k €↑
2014
Annual accounts 2014397,3 k €↑
2013
Annual accounts 2013147,3 k €↓
2010
Annual accounts 2010915 k €↑
2009
Annual accounts 2009-433 k €↓
2008
Annual accounts 2008937,2 k €↑
2008
Name changeSanoRice Belgium
2007
Annual accounts 2007624,8 k €
2007
Name changeHERTO
05/04/1985
IncorporationPublic limited company

SanoRice Belgium

Overview

Identity

Financials

Valuation

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

Timeline