ACTIVE

SANDEC

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Financial year 2025 · closed on 30/11/2025

Net result

-3,5 k €

+37.0% YoY

Gross margin

-2,2 k €

+48.7% YoY

Equity

730,5 k €

-0.5% YoY

What does SANDEC do?

SANDEC is a Public limited company incorporated in 1990. Its registered office is in Sint-Martens-Latem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.939.234

Incorporation

29/05/1990

Legal form

Public limited company

Registered office

Golflaan 42 box 1
9830 Sint-Martens-Latem · FlandreSee on map

Contributed capital

1 000 000,00 €

Latest accounts

30/11/2025

Signals

Solid equity

View the BCE/KBO Public Search record →

Health score

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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
Gross margin	-2,2 k €	+48.7%	-4,3 k €	+38.2%	-6,9 k €	-121%	33,1 k €	-56.6%	76,3 k €	-7.3%	82,4 k €	+21747%	377 €	+114%	-2,7 k €	-88.0%	-1,4 k €	-117%	8,5 k €	+632%	-1,6 k €	+54.0%	-3,5 k €	-104%	80,3 k €	+128%	35,2 k €	+306%	-17,1 k €	+5.4%	-18 k €	+0.9%	-18,2 k €	+58.3%	-43,7 k €	-156%	-17,1 k €	-134%	50,3 k €
EBITDA	-3,4 k €	+37.3%	-5,5 k €	+32.3%	-8,1 k €	-125%	32,2 k €	-57.3%	75,2 k €	-8.1%	81,9 k €	+71307%	-115 €	+96.4%	-3,2 k €	-13.4%	-2,8 k €	-140%	7 k €	+193%	-7,6 k €	-116%	-3,5 k €	-104%	79,3 k €	+130%	34,5 k €	+293%	-17,9 k €	+5.4%	-18,9 k €	+1.7%	-19,2 k €	+56.8%	-44,5 k €	-146%	-18,1 k €	-137%	49,3 k €
Operating result	-3,4 k €	+37.3%	-5,5 k €	+32.3%	-8,1 k €	-125%	32,2 k €	-57.3%	75,2 k €	-8.1%	81,9 k €	+71307%	-115 €	+96.6%	-3,4 k €	-12.4%	-3 k €	-145%	6,8 k €	+188%	-7,8 k €	-109%	-3,7 k €	-105%	79,1 k €	+131%	34,3 k €	+289%	-18,1 k €	+5.3%	-19,1 k €	+1.6%	-19,4 k €	+56.7%	-44,9 k €	-142%	-18,6 k €	-138%	48,3 k €
Net result	-3,5 k €	+37.0%	-5,5 k €	+31.8%	-8,1 k €	-125%	31,9 k €	-56.9%	74 k €	-0.6%	74,4 k €	+6014%	-1,3 k €	+91.5%	-14,8 k €	-4.8%	-14,1 k €	-117%	82,2 k €	+432%	-24,7 k €	-39.4%	-17,7 k €	-126%	67 k €	+187%	23,4 k €	+183%	-28 k €	+26.7%	-38,3 k €	-4.3%	-36,7 k €	-366%	-7,9 k €	+74.1%	-30,4 k €	+96.8%	-964,2 k €
Balance sheet
Equity	730,5 k €	-0.5%	734 k €	-0.7%	739,5 k €	-1.1%	747,6 k €	+4.5%	715,7 k €	+11.5%	641,7 k €	+13.1%	567,3 k €	+177%	-736,6 k €	-2.0%	-721,8 k €	-2.0%	-707,7 k €	+10.4%	-789,8 k €	-3.2%	-765,1 k €	-2.4%	-747,4 k €	+8.2%	-814,4 k €	+2.8%	-837,7 k €	-3.5%	-809,7 k €	-5.0%	-771,4 k €	-5.0%	-734,8 k €	-1.1%	-726,9 k €	-4.4%	-696,4 k €
Total assets	1,6 M €	-0.0%	1,6 M €	-0.2%	1,6 M €	-23.4%	2,1 M €	-38.3%	3,4 M €	+11.7%	3,1 M €	+59.7%	1,9 M €	+519%	309,9 k €	-0.1%	310,1 k €	-0.5%	311,6 k €	-0.1%	312 k €	+0.4%	310,8 k €	-7.4%	335,6 k €	+2.3%	327,9 k €	+5.7%	310,3 k €	-0.5%	311,7 k €	-0.1%	312,1 k €	+0.3%	311,2 k €	-2.7%	319,8 k €	-0.1%	320,1 k €
Cash	145,5 €	-45.7%	267,8 €	-90.4%	2,8 k €	+33.2%	2,1 k €	-97.7%	90 k €	-53.7%	194,4 k €	+68.4%	115,4 k €		–		–		–		–		–		15,6 k €	+102%	7,7 k €		–		187,4 €	-5.1%	197,4 €	-4.8%	207,4 €	-9.8%	230 €		–
Debts	884,6 k €	+0.4%	881,3 k €	+0.3%	878,3 k €	-35.6%	1,4 M €	-49.6%	2,7 M €	+11.7%	2,4 M €	+79.3%	1,4 M €	+30.2%	1 M €	+1.4%	1 M €	+1.2%	1 M €	-7.2%	1,1 M €	+2.4%	1,1 M €	-0.7%	1,1 M €	-5.3%	1,1 M €	-0.6%	1,1 M €	+3.0%	1,1 M €	+3.3%	1,1 M €	+3.3%	1 M €	+4.8%	986,9 k €	+3.1%	957,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 5 active · 23 ended

Active mandates

Frédéric DECLERCQ

Director · since 08 mai 2021

Active

Olivia DECLERCQ

Director · since 08 mai 2021

Active

Barbara DECLERCQ

Director

Active

Brigitte Santens

Director

Active

Yves DECLERCQ

Managing director

Active

Ended mandates

Frédéric Declercq

Director · since 08 mai 2021 · until 08 mai 2027

Ended

Olivia Declercq

Director · since 08 mai 2021 · until 08 mai 2027

Ended

Barbara Declercq

Director · since 09 mai 2015 · until 08 mai 2027

Ended

Barbara DECLERCQ

Director · since 09 mai 2015 · until 08 mai 2021

Ended

At this address

Other companies at this address

Company	CBE no.
Floxamat● Active	0456.819.916
VERENIGING VAN MEDE-EIGENAARS RESIDENTIE GREEN CORNER, GOLFLAAN 42 TE SINT-MARTENS-LATEM.● Active	0735.370.361
Y. DECLERCQ & Co● Active	0425.948.972

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/06/2026	20/03/2025	09/07/2024	11/07/2023	13/07/2022	30/06/2021
General meeting	23/06/2026	12/03/2025	11/05/2024	13/05/2023	14/05/2022	08/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/11/2025	23/06/2026	29/06/2026	Dutch	PDF
Abridged model	30/11/2024	12/03/2025	20/03/2025	Dutch	PDF
Abridged model	30/11/2023	11/05/2024	09/07/2024	Dutch	PDF
Abridged model	30/11/2022	13/05/2023	11/07/2023	Dutch	PDF
Abridged model	30/11/2021	14/05/2022	13/07/2022	Dutch	PDF
Abridged model	30/11/2020	08/05/2021	30/06/2021	Dutch	PDF
Abridged model	30/11/2019	18/07/2020	30/09/2020	Dutch	PDF
Micro model	30/11/2018	11/05/2019	05/07/2019	Dutch	PDF
Micro model	30/11/2017	12/05/2018	18/02/2019	Dutch	PDF
Abridged model	30/11/2016	13/05/2017	27/04/2018	Dutch	PDF
Abridged model	30/11/2015	14/05/2016	23/05/2017	Dutch	PDF
Abridged model	30/11/2014	09/05/2015	31/08/2015	Dutch	PDF
Abridged model	30/11/2013	10/05/2014	30/09/2014	Dutch	PDF
Abridged model	30/11/2012	11/05/2013	29/11/2013	Dutch	PDF
Abridged model	30/11/2011	12/05/2012	30/11/2012	Dutch	PDF
Abridged model	30/11/2010	14/05/2011	29/07/2011	Dutch	PDF
Abridged model	30/11/2009	08/05/2010	30/11/2010	Dutch	PDF
Abridged model	30/11/2008	09/05/2009	30/11/2009	Dutch	PDF
Abridged model	30/11/2007	10/05/2008	30/09/2008	Dutch	PDF
Abridged model	30/11/2006	12/05/2007	21/08/2008	Dutch	PDF
Abridged model	30/11/2005	09/12/2006	29/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/11/2025 · 5 active · 23 ended

Active mandates

Frédéric DECLERCQ

Director · since 08 mai 2021

Active

Olivia DECLERCQ

Director · since 08 mai 2021

Active

Barbara DECLERCQ

Director

Active

Brigitte Santens

Director

Active

Yves DECLERCQ

Managing director

Active

Ended mandates

Frédéric Declercq

Director · since 08 mai 2021 · until 08 mai 2027

Ended

Olivia Declercq

Director · since 08 mai 2021 · until 08 mai 2027

Ended

Barbara Declercq

Director · since 09 mai 2015 · until 08 mai 2027

Ended

Barbara DECLERCQ

Director · since 09 mai 2015 · until 08 mai 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other08/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office11/10/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates23/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/01/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/01/2004
BOEKJAAR - ONTSLAGEN - BENOEMINGEN
PDF
Registered office01/07/2003
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares13/01/2003
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025-3,5 k €↑
2024
Annual accounts 2024-5,5 k €↑
2023
Annual accounts 2023-8,1 k €↓
2022
Annual accounts 202231,9 k €↓
2021
Annual accounts 202174 k €↓
2020
Annual accounts 202074,4 k €↑
2019
Annual accounts 2019-1,3 k €↑
2018
Annual accounts 2018-14,8 k €↓
2017
Annual accounts 2017-14,1 k €↓
2016
Annual accounts 201682,2 k €↑
2015
Annual accounts 2015-24,7 k €↓
2014
Annual accounts 2014-17,7 k €↓
2013
Annual accounts 201367 k €↑
2012
Annual accounts 201223,4 k €↑
2011
Annual accounts 2011-28 k €↑
2010
Annual accounts 2010-38,3 k €↓
2009
Annual accounts 2009-36,7 k €↓
2008
Annual accounts 2008-7,9 k €↑
2007
Annual accounts 2007-30,4 k €↑
2006
Annual accounts 2006-964,2 k €
29/05/1990
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

SANDEC

Overview

What does SANDEC 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