ACTIVE

SAX SANITAIR

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Financial year 2025 · Closed on 31/12/2025

Net result-9,8 M €+8,9 %over 1 year
Revenue138 M €+4,3 %over 1 year
Equity34,6 M €-22,1 %over 1 year
Workforce256,7 ETP-1,6 %over 1 year

Identity

Source · BCE/KBO

SAX SANITAIR is a Public limited company incorporated in 1990. Its main activity is: Wholesale of hardware, plumbing and heating equipment and supplies. Its registered office is in Herentals. It employs on average 256,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0440.178.179
Incorporation
30/03/1990
Legal form
Public limited company
Registered office
Atealaan(HRT) 34 box B
2200 Herentals · FlandreSee on map
Contributed capital
40 399 009,15 €
Latest accounts
31/12/2025
Average workforce
256,7 ETP
Joint committees (3)
  • 14904
  • 200
  • 218
Signals
Good liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 27 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue138 M €132,3 M €136,6 M €155,8 M €152,5 M €
EBITDA-8,3 M €-8,3 M €-8,3 M €-11 M €4,6 M €
Operating result-7,3 M €-7,9 M €-8,6 M €-8,3 M €1,1 M €
Net result-9,8 M €-10,8 M €-12 M €-10,2 M €-729,4 k €
Balance sheet
Equity34,6 M €44,5 M €20,2 M €32,2 M €39,8 M €
Total assets140 M €149,3 M €156,9 M €172,8 M €179,1 M €
Cash29,4 k €15,8 k €28,7 k €20,1 k €61,4 k €
Debts104,9 M €104,2 M €135,6 M €138,6 M €135,1 M €
Other
Workforce256,7 ETP261,0 ETP270,9 ETP301,5 ETP352,3 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 31/12/2025

5 active · 41 ended

Active mandates

Fabian Koppert

Director · since 15 avril 2026 · until 05 juin 2032

Active
Glenn Bruyninckx

Director · since 11 février 2026 · until 05 juin 2032

Active
Christoph Makelberge

Director · since 01 avril 2025 · until 11 février 2026

Active
Frans Hartong

Director · since 19 août 2022 · until 15 avril 2026

Active
Jan Masselis

Director · since 01 juin 2019 · until 01 avril 2025

Active

Ended mandates

Christoph Makelberge

Director · since 01 avril 2025 · until 07 juin 2031

Ended
Mark Tonkens

Director · since 01 juillet 2023 · until 05 novembre 2024

Ended
Mark Tonkens

Director · since 01 juillet 2023 · until 30 juin 2029

Ended
Frans Hartong

Director · since 19 août 2022 · until 03 juin 2028

Ended

Other companies at this address

Atealaan(HRT) 34 2200 Herentals
CompanyCBE no.
AASHIRWAD● Bankrupt
0782.241.157
A.G.H.● Active
0466.104.596
ARBEO● Active
1026.642.753
A&S System Integrators Belgium● Active
0732.995.940
BDP Sales & Marketing● Active
0831.780.047
BEN VARMA AGENTUREN & COMMISSIE HANDEL● Active
0786.408.494
BiMform● Active
0765.980.591
CONSTRUCTIEF TEAM● Active
0802.040.243
CORVUS SOLUTIONS● Active
0719.856.202
C.W. & Reno● Active
0453.438.970
Ddsrenovatie● Bankrupt
0769.342.236
DECHRA VETERINARY PRODUCTS● Active
0408.216.679
Direct Reclame● Active
1028.305.413
Dr. Aalt van Roest● Active
0737.920.768
Eurogate Customs● Bankrupt
1023.652.480
EVOLVE● Active
0696.914.316
FRANCKEN FOOD● Active
0831.687.601
GEENEN & PARTNERS● Active
0646.674.353
GEMONTA INDUSTRIAL● Active
0748.745.473
Geonius België● Active
0821.839.032

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/06/202626/06/202515/07/202428/06/202322/09/202228/06/2021
General meeting19/06/202620/06/202521/06/202403/06/202304/06/202226/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 27 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202519/06/202622/06/2026DutchPDF
Full model31/12/202420/06/202526/06/2025DutchPDF
Consolidated accounts31/12/202428/03/202527/06/2025DutchPDF
Full model31/12/202321/06/202415/07/2024DutchPDF
Consolidated accounts31/12/202303/04/202417/07/2024DutchPDF
Full model31/12/202203/06/202328/06/2023DutchPDF
Consolidated accounts31/12/202205/04/202327/06/2023DutchPDF
Full modelCorrection31/12/202104/06/202222/09/2022DutchPDF
Full model31/12/202104/06/202216/06/2022DutchPDF
Consolidated accounts31/12/202125/04/202228/06/2022DutchPDF
Full model31/12/202005/06/202123/06/2021DutchPDF
Consolidated accounts31/12/202026/04/202128/06/2021DutchPDF
Full model31/12/201926/06/202007/07/2020DutchPDF
Full model31/12/201828/06/201916/07/2019DutchPDF
Full model31/12/201702/06/201808/06/2018DutchPDF
Full model31/12/201603/06/201723/06/2017DutchPDF
Full model31/12/201504/06/201607/06/2016DutchPDF
Full model31/12/201406/06/201512/06/2015DutchPDF
Full model31/12/201325/06/201410/07/2014DutchPDF
Full model31/12/201201/06/201312/06/2013DutchPDF
Full model31/12/201102/06/201214/06/2012DutchPDF
Full model31/12/201004/06/201114/06/2011DutchPDF
Full model31/12/200905/06/201005/07/2010DutchPDF
Consolidated accounts31/12/200905/06/201005/07/2010DutchPDF

View all 27 filings

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 31/12/2025

5 active · 41 ended

Active mandates

Fabian Koppert

Director · since 15 avril 2026 · until 05 juin 2032

Active
Glenn Bruyninckx

Director · since 11 février 2026 · until 05 juin 2032

Active
Christoph Makelberge

Director · since 01 avril 2025 · until 11 février 2026

Active
Frans Hartong

Director · since 19 août 2022 · until 15 avril 2026

Active
Jan Masselis

Director · since 01 juin 2019 · until 01 avril 2025

Active

Ended mandates

Christoph Makelberge

Director · since 01 avril 2025 · until 07 juin 2031

Ended
Mark Tonkens

Director · since 01 juillet 2023 · until 05 novembre 2024

Ended
Mark Tonkens

Director · since 01 juillet 2023 · until 30 juin 2029

Ended
Frans Hartong

Director · since 19 août 2022 · until 03 juin 2028

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates05/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office07/05/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates07/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares22/01/2025
    KAPITAAL - AANDELEN
    PDF
  • Mandates08/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 15/04/2026
    nominationFabian Koppert — bestuurder
  2. 11/02/2026
    nominationGlenn Bruyninckx — bestuurder
  3. 2025
    Annual accounts 2025-9,8 M €↑
  4. 01/04/2025
    nominationChristoph Makelberge — bestuurder
  5. 31/12/2024
    augmentation_capitalBME Group Holding
  6. 2024
    Annual accounts 2024-10,8 M €↑
  7. 18/12/2024
    nominationErnst & Young Bedrijfsrevisoren BV — commissaris
  8. 2023
    Annual accounts 2023-12 M €↓
  9. 01/07/2023
    nominationMark Tonkens — bestuurder
  10. 2022
    Annual accounts 2022-10,2 M €↓
  11. 19/08/2022
    nominationFrans Hartong — bestuurder
  12. 2021
    Annual accounts 2021-729,4 k €↓
  13. 05/06/2021
    reconductionChristophe Beckers — commissaris
  14. 2019
    Annual accounts 20196,7 M €↑
  15. 01/06/2019
    reconductionJan Masselis — bestuurder
  16. 2018
    Annual accounts 20185,3 M €↓
  17. 2017
    Annual accounts 20178,5 M €↑
  18. 2016
    Annual accounts 20168,2 M €↑
  19. 2015
    Annual accounts 20157,7 M €↓
  20. 2014
    Annual accounts 20148,8 M €↑
  21. 2013
    Annual accounts 20137,3 M €↑
  22. 2012
    Annual accounts 20126,5 M €↓
  23. 2011
    Annual accounts 20117 M €↑
  24. 2010
    Annual accounts 20106,1 M €↑
  25. 2009
    Annual accounts 20094,8 M €↑
  26. 2008
    Annual accounts 20084,3 M €↑
  27. 2007
    Annual accounts 20073,2 M €↑
  28. 2006
    Annual accounts 20062,4 M €
  29. 30/03/1990
    IncorporationPublic limited company