ACTIVE

DE SAX

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-39 k €

-206.8% YoY

Gross margin

77,4 k €

-54.0% YoY

Equity

-24,8 k €

-274.1% YoY

Workforce

0,6 ETP

What does DE SAX do?

DE SAX is a Private company with limited liability incorporated in 1992. Its main activity is: Inland freight water transport. Its registered office is in Kapellen. It employs on average 0,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.856.729

Incorporation

12/03/1992

Legal form

Private company with limited liability

Registered office

Rododendronlaan 17
2950 Kapellen · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Average workforce

0,6 ETP

Activities (NACE)

50400Inland freight water transport· main 62020Computer consultancy activities 62200Computer programming, consultancy and related activities 70200Management consultancy activities 70220Business and other management consultancy activities 45402Sale, maintenance and repair of motorcycles and related parts and accessories+4

Joint committees (2)

2000
20000

Signals

Positive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	77,4 k €	-54.0%	168,3 k €	+161%	64,4 k €	-53.0%	137 k €	+97.8%	69,3 k €	+5.2%	65,9 k €	-58.4%	158,3 k €	-12.3%	180,5 k €	+336%	41,3 k €	+903%	4,1 k €	-94.4%	73,3 k €	+9510%	-779,1 €	+73.0%	-2,9 k €	+78.6%	-13,5 k €	+37.6%	-21,6 k €	-278%	12,1 k €	-2.0%	12,4 k €	-10.2%	13,8 k €
EBITDA	43,1 k €	-68.1%	135,3 k €	+1193%	10,5 k €	-84.6%	68,1 k €	+448%	12,4 k €	-80.4%	63,5 k €	-58.6%	153,6 k €	-13.9%	178,4 k €	+343%	40,3 k €	+1103%	3,3 k €	-95.3%	71,9 k €	+5876%	-1,2 k €	+77.5%	-5,5 k €	+65.3%	-15,9 k €	+32.3%	-23,5 k €	-311%	11,1 k €	-2.7%	11,5 k €	-10.8%	12,9 k €
Operating result	-45,7 k €	-207%	42,6 k €	+161%	-69,4 k €	-728%	11,1 k €	+193%	-11,9 k €	-141%	28,9 k €	+6.8%	27,1 k €	-26.7%	37 k €	+5.8%	35 k €	+2615%	-1,4 k €	-102%	67,3 k €	+4008%	-1,7 k €	+78.5%	-8 k €	+59.0%	-19,5 k €	+37.6%	-31,3 k €	-675%	5,4 k €	+1128%	-529,8 €	+9.4%	-584,9 €
Net result	-39 k €	-207%	36,5 k €	+148%	-76 k €	-1529%	-4,7 k €	+71.1%	-16,2 k €	-876%	2,1 k €	+453%	-590,2 €	-105%	11,3 k €	-54.7%	25 k €	+1703%	-1,6 k €	-102%	67,2 k €	+521%	-16 k €	-90.2%	-8,4 k €	+59.3%	-20,6 k €	+37.4%	-32,9 k €	-1217%	2,9 k €	+243%	-2,1 k €	+57.6%	-4,9 k €
Balance sheet
Equity	-24,8 k €	-274%	14,2 k €	+164%	-22,3 k €	-141%	53,8 k €	-8.0%	58,4 k €	-1.3%	59,2 k €	+3.6%	57,1 k €	-1.0%	57,7 k €	+24.3%	46,4 k €	+116%	21,5 k €	-6.8%	23 k €	+152%	-44,2 k €	-56.6%	-28,2 k €	-42.4%	-19,8 k €	-2608%	790,2 €	-97.7%	33,7 k €	+9.6%	30,8 k €	-6.3%	32,8 k €
Total assets	2,2 M €	+6.4%	2 M €	+4.2%	2 M €	+57.2%	1,2 M €	-24.1%	1,6 M €	+112%	773 k €	+8.9%	710 k €	+38.0%	514,4 k €	+89.1%	272 k €	+23.3%	220,6 k €	+181%	78,5 k €	+14087%	553,5 €	-96.2%	14,5 k €	-33.7%	21,8 k €	-58.1%	52,1 k €	-37.7%	83,6 k €	-12.9%	96 k €	-14.0%	111,6 k €
Cash	248,7 k €	+1754%	13,4 k €	-87.7%	109,4 k €	+244%	31,8 k €	-95.8%	757,5 k €	+35.3%	559,9 k €	+40.3%	399 k €	+24.3%	321 k €	+201%	106,6 k €	-3.5%	110,4 k €		–		1,3 €		–		1,2 k €	-70.8%	4,1 k €	+234%	1,2 k €	-83.9%	7,6 k €	-38.0%	12,3 k €
Debts	2,1 M €	+9.1%	1,9 M €	+2.1%	1,9 M €	+72.3%	1,1 M €	-14.7%	1,3 M €	+206%	418,2 k €	+9.7%	381,4 k €	+23.2%	309,5 k €	+37.5%	225,2 k €	+13.1%	199,1 k €	+259%	55,5 k €	+24.1%	44,7 k €	+4.8%	42,7 k €	+2.5%	41,7 k €	-18.8%	51,3 k €	+2.9%	49,9 k €	-23.5%	65,2 k €	-17.2%	78,8 k €
Other
Workforce	0,6 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Danny Achten

Director · since 28 février 2013

Active

Ended mandates

Danny Achten

Manager · since 28 février 2013

Ended

Ilse Christiaens

Manager · since 01 avril 2009

Ended

BART DE COCK

Manager · since 12 mars 1992

Ended

ILSE CHRISTIAENS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
WOODCOCK● Active	1019.567.493

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Micro 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	24/06/2026	23/06/2025	04/07/2024	14/06/2023	24/06/2022	09/06/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	03/06/2022	04/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	24/06/2026	Dutch	PDF
Micro model	31/12/2024	13/06/2025	23/06/2025	Dutch	PDF
Micro model	31/12/2023	14/06/2024	04/07/2024	Dutch	PDF
Micro model	31/12/2022	09/06/2023	14/06/2023	Dutch	PDF
Micro model	31/12/2021	03/06/2022	24/06/2022	Dutch	PDF
Micro model	31/12/2020	04/06/2021	09/06/2021	Dutch	PDF
Micro model	31/12/2019	05/06/2020	11/06/2020	Dutch	PDF
Micro model	31/12/2018	07/06/2019	19/07/2019	Dutch	PDF
Micro model	31/12/2017	01/06/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	09/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	09/06/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	18/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/02/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	04/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	08/06/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	10/06/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	12/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 4 ended

Active mandates

Danny Achten

Director · since 28 février 2013

Active

Ended mandates

Danny Achten

Manager · since 28 février 2013

Ended

Ilse Christiaens

Manager · since 01 avril 2009

Ended

BART DE COCK

Manager · since 12 mars 1992

Ended

ILSE CHRISTIAENS

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring01/04/2026
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring30/10/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Other06/08/2013
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office21/03/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/03/2013
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/01/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other06/08/2009
BENAMING - DOEL - 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 2025-39 k €↓
2024
Annual accounts 202436,5 k €↑
2023
Annual accounts 2023-76 k €↓
2022
Annual accounts 2022-4,7 k €↑
2021
Annual accounts 2021-16,2 k €↓
2018
Annual accounts 20182,1 k €↑
2017
Annual accounts 2017-590,2 €↓
2016
Annual accounts 201611,3 k €↓
2015
Annual accounts 201525 k €↑
2014
Annual accounts 2014-1,6 k €↓
2013
Annual accounts 201367,2 k €↑
2012
Annual accounts 2012-16 k €↓
2011
Annual accounts 2011-8,4 k €↑
2010
Annual accounts 2010-20,6 k €↑
2009
Annual accounts 2009-32,9 k €↓
2009
Name changeDe Sax
2008
Annual accounts 20082,9 k €↑
2007
Annual accounts 2007-2,1 k €↑
2006
Annual accounts 2006-4,9 k €
2006
Name changeFIETSEN DE COCK
12/03/1992
IncorporationPrivate company with limited liability

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

DE SAX

Overview

What does DE SAX 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