SAPIN
0428.979.530 · rovalta.com · 09/11/2026
ACTIVE
SAPIN
Financial year 2025 · Closed on 31/12/2025
Net result1,1 M €+63,4 %over 1 year
Revenue29 M €-15,1 %over 1 year
Equity3,1 M €-5,6 %over 1 year
Workforce7,9 ETP-10,2 %over 1 year
Overview
Identity
Source · BCE/KBOSAPIN is a Public limited company incorporated in 1986. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Aywaille. It employs on average 7,9 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0428.979.530
- Incorporation
- 15/05/1986
- Legal form
- Public limited company
- Registered office
- Rue de Lorcé 41
4920 Aywaille · WallonieSee on map - Contributed capital
- 902 826,98 €
- Latest accounts
- 31/12/2025
- Average workforce
- 7,9 ETP
Activities (NACE)
Joint committees (4)
- 125
- 12503
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Financials
Source · NBB, 22 filingsTrend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 29 M € | -15.1% | 34,1 M € | -2.9% | 35,1 M € | -32.6% | 52,1 M € | +66.8% | 31,2 M € |
| EBITDA | 1,5 M € | +68.8% | 900,4 k € | +92.6% | 467,5 k € | -3.5% | 484,3 k € | +763% | 56,1 k € |
| Operating result | 1,5 M € | +73.2% | 892,8 k € | +195% | 302,9 k € | -37.3% | 483,3 k € | +61.3% | 299,7 k € |
| Net result | 1,1 M € | +63.4% | 666,5 k € | +284% | 173,5 k € | -49.7% | 344,7 k € | +38.5% | 248,9 k € |
| Balance sheet | |||||||||
| Equity | 3,1 M € | -5.6% | 3,2 M € | -51.4% | 6,7 M € | +2.7% | 6,5 M € | +5.6% | 6,2 M € |
| Total assets | 9,5 M € | +1.6% | 9,4 M € | -35.9% | 14,6 M € | -2.6% | 15 M € | +26.8% | 11,8 M € |
| Cash | 2,2 M € | -2.7% | 2,3 M € | -9.0% | 2,5 M € | +34.3% | 1,9 M € | -38.6% | 3 M € |
| Debts | 6,4 M € | +9.3% | 5,9 M € | -20.4% | 7,4 M € | -8.8% | 8,1 M € | +47.4% | 5,5 M € |
| Other | |||||||||
| Workforce | 7,9 ETP | -10.2% | 8,8 ETP | -34.3% | 13,4 ETP | -3.6% | 13,9 ETP | 0.0% | 13,9 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20254 active · 18 ended
Active mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
| Managing director18/10/2024 → 20/06/2030 | |||
Jan Sander Van Tuijl | Director01/06/2022 → 20/06/2030 | ||
Lodewijk Peters | Director23/08/2024 → 20/06/2030 | ||
Sjoerd Van Den Brink | Director23/08/2024 → 20/06/2030 |
Ended mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Victor Kamm | Director28/06/2022 → 2023 accounts | ||
Stephen Blyth | Director01/06/2022 → 2023 accounts | ||
Fabrice Mergeai | Managing director01/04/2022 → 2023 accounts | ||
Eric Johannes RAEDTS | Director28/06/2016 → 2021 accounts |
Financials
Full financial information
Source · NBB| 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 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 15 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 22/06/2026 | 26/06/2025 | 05/02/2024 | 13/03/2023 | 09/03/2022 | 17/02/2021 |
| General meeting | 19/06/2026 | 20/06/2025 | 01/02/2024 | 01/02/2023 | 01/02/2022 | 01/02/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 22 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 19/06/2026 | 22/06/2026 | French | |
| Full model | 31/12/2024 | 20/06/2025 | 26/06/2025 | French | |
| Full model | 30/09/2023 | 01/02/2024 | 05/02/2024 | French | |
| Full model | 30/09/2022 | 01/02/2023 | 13/03/2023 | French | |
| Full model | 30/09/2021 | 01/02/2022 | 09/03/2022 | French | |
| Full model | 30/09/2020 | 01/02/2021 | 17/02/2021 | French | |
| Full model | 30/09/2019 | 03/02/2020 | 24/02/2020 | French | |
| Full model | 30/09/2018 | 01/02/2019 | 07/03/2019 | French | |
| Full model | 30/09/2017 | 01/02/2018 | 26/03/2018 | French | |
| Full model | 30/09/2016 | 01/02/2017 | 17/02/2017 | French | |
| Full model | 31/12/2015 | 27/05/2016 | 15/06/2016 | French | |
| Full model | 31/12/2014 | 29/05/2015 | 25/06/2015 | French | |
| Full model | 31/12/2013 | 30/05/2014 | 02/06/2014 | French | |
| Full model | 31/12/2012 | 31/05/2013 | 19/06/2013 | French | |
| Full modelCorrection | 31/12/2011 | 24/08/2012 | 28/08/2012 | French | |
| Full model | 31/12/2011 | 31/05/2012 | 12/06/2012 | French | |
| Full model | 31/12/2010 | 31/05/2011 | 30/06/2011 | French | |
| Full model | 31/12/2009 | 31/05/2010 | 21/06/2010 | French | |
| Full model | 31/12/2008 | 29/05/2009 | 29/06/2009 | French | |
| Full modelCorrection | 31/12/2007 | 30/05/2008 | 23/07/2008 | French | |
| Full model | 31/12/2007 | 30/05/2008 | 30/06/2008 | French | |
| Full model | 31/12/2006 | 31/05/2007 | 16/08/2007 | French |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 5 M€ and 10 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20254 active · 18 ended
Active mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
| Managing director18/10/2024 → 20/06/2030 | |||
Jan Sander Van Tuijl | Director01/06/2022 → 20/06/2030 | ||
Lodewijk Peters | Director23/08/2024 → 20/06/2030 | ||
Sjoerd Van Den Brink | Director23/08/2024 → 20/06/2030 |
Ended mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Victor Kamm | Director28/06/2022 → 2023 accounts | ||
Stephen Blyth | Director01/06/2022 → 2023 accounts | ||
Fabrice Mergeai | Managing director01/04/2022 → 2023 accounts | ||
Eric Johannes RAEDTS | Director28/06/2016 → 2021 accounts |
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates23/01/2025DEMISSIONS, NOMINATIONS
- Mandates05/09/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
- Mandates19/04/2023DEMISSIONS, NOMINATIONS
- Mandates21/09/2022DEMISSIONS, NOMINATIONS
- Mandates29/07/2022DEMISSIONS, NOMINATIONS
- Mandates11/04/2022SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
- Mandates21/12/2020DEMISSIONS, NOMINATIONS
- Mandates19/12/2017DEMISSIONS, NOMINATIONS
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
Source · CBE, NBB annual accountsYear
Identity
Incorporation
Name
Registered office
Annual accounts
Filings20 filings
Mandates
FML Holding
Lodewijk Peters
Jan Sander Van Tuijl
Sjoerd Van Den Brink
Victor Kamm
Stephen Blyth
Fabrice Mergeai
WIEK PETERS
Eric RAEDTS
Eric Johannes RAEDTS
Raar ODELIEN
Roar ODELIEN
198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030
SAPIN
Rue de Lorcé 41, 4920 Aywaille
Managing director
Director
Director
Director
Director
Director
Managing director
Managing director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday
Registered offices
Source · NBB annual accounts, CBE| Registered address | Period | Source |
|---|---|---|
| Rue de Lorcé 41, 4920 AywailleCurrent | accounts 2022 → 2025 | Accounts 2025 · 2026-00196073 |
Company names
Source · NBB annual accounts, CBE| Name | Period | Source |
|---|---|---|
| SAPINCurrent | accounts 2006 → 2025 | Accounts 2025 · 2026-00196073 |
Events
- 2025Annual accounts 20251,1 M €↑
- 2024Annual accounts 2024666,5 k €↑
- 2023Annual accounts 2023173,5 k €↓
- 2022Annual accounts 2022344,7 k €↑
- 2021Annual accounts 2021248,9 k €↑
- 2020Annual accounts 2020245,5 k €↓
- 2019Annual accounts 2019290,9 k €↓
- 2018Annual accounts 2018687,8 k €↑
- 2017Annual accounts 2017509,9 k €↑
- 2016Annual accounts 2016251,7 k €↑
- 2015Annual accounts 2015-764,5 k €↓
- 2014Annual accounts 2014499,1 k €↓
- 2013Annual accounts 20132,3 M €↑
- 2012Annual accounts 2012634,2 k €↑
- 2011Annual accounts 2011362,9 k €↓
- 2010Annual accounts 2010599,9 k €↑
- 2009Annual accounts 2009539,5 k €↓
- 2008Annual accounts 2008891,4 k €↑
- 2007Annual accounts 2007818,7 k €↑
- 2006Annual accounts 2006665,2 k €
- 15/05/1986IncorporationPublic limited company