ACTIVE

SANDEB

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Financial year 2025 · closed on 30/09/2025

Net result

-6,5 k €

-108.7% YoY

Gross margin

330,7 k €

-9.6% YoY

Equity

1,6 M €

-0.4% YoY

What does SANDEB do?

SANDEB is a Public limited company incorporated in 1993. Its main activity is: Activities of holding companies. Its registered office is in Oudenaarde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.292.509

Incorporation

05/06/1993

Legal form

Public limited company

Registered office

Vijflindendries 7
9700 Oudenaarde · FlandreSee on map

Contributed capital

232 740,00 €

Latest accounts

30/09/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 65231Reinsurance 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 70201Management consultancy activities+3

Signals

Solid equityPositive cashflowPositive EBITDA

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	330,7 k €	-9.6%	365,8 k €	+15.6%	316,3 k €	-0.3%	317,2 k €	+2.6%	309 k €	-9.8%	342,7 k €	+2.5%	334,4 k €	+0.3%	333,4 k €	-2.5%	342 k €	+32.3%	258,4 k €	-6.7%	276,9 k €	-2.4%	283,8 k €	+21.1%	234,3 k €	-27.4%	323 k €	+21.3%	266,3 k €	+26.0%	211,3 k €	-3.8%	219,6 k €	+1.7%	215,9 k €	+15.4%	187,1 k €	-20.3%	234,8 k €
EBITDA	241,4 k €	-32.6%	358,4 k €	+15.7%	309,7 k €	-0.7%	311,8 k €	+2.7%	303,7 k €	-10.0%	337,4 k €	+2.4%	329,6 k €	+0.3%	328,5 k €	-1.9%	335 k €	+30.9%	255,9 k €	-5.1%	269,7 k €	-2.8%	277,3 k €	+25.7%	220,5 k €	-30.8%	318,7 k €	+21.0%	263,5 k €	+34.8%	195,5 k €	-10.2%	217,7 k €	+1.7%	214,1 k €	+15.4%	185,6 k €	-20.6%	233,6 k €
Operating result	73,5 k €	-60.3%	185,3 k €	+6.1%	174,5 k €	-5.9%	185,6 k €	+0.3%	185 k €	-16.7%	222 k €	+3.5%	214,5 k €	+9.8%	195,3 k €	-13.6%	226,1 k €	+75.3%	129 k €	-26.5%	175,5 k €	-6.3%	187,2 k €	+38.4%	135,3 k €	-41.6%	231,6 k €	+81.6%	127,6 k €	+170%	47,3 k €	-69.0%	152,6 k €	-10.7%	170,9 k €	+8.1%	158,1 k €	-27.9%	219,2 k €
Net result	-6,5 k €	-109%	74,8 k €	-30.1%	107 k €	-11.8%	121,3 k €	+4.8%	115,8 k €	+0.2%	115,5 k €	+6.6%	108,4 k €	+86.9%	58 k €	-26.0%	78,4 k €	+198%	26,3 k €	-55.3%	58,8 k €	-6.5%	62,9 k €	+218%	19,8 k €	-73.6%	74,8 k €	+92.7%	38,8 k €	+295%	-19,9 k €	-123%	87,1 k €	-28.3%	121,4 k €	+6.0%	114,6 k €	-20.0%	143,2 k €
Balance sheet
Equity	1,6 M €	-0.4%	1,6 M €	+4.8%	1,5 M €	+7.4%	1,4 M €	+9.2%	1,3 M €	+9.6%	1,2 M €	+10.6%	1,1 M €	+11.0%	981,7 k €	+28.2%	766 k €	+11.4%	687,6 k €	+4.0%	661,3 k €	+9.8%	602,5 k €	+11.6%	539,7 k €	+3.8%	519,9 k €	+16.8%	445,1 k €	+9.6%	406,3 k €	-4.7%	426,2 k €	+13.6%	375,1 k €	+29.5%	289,7 k €	+39.2%	208,1 k €
Total assets	2,2 M €	-30.5%	3,1 M €	-3.4%	3,2 M €	+39.8%	2,3 M €	-3.4%	2,4 M €	-1.1%	2,4 M €	-3.2%	2,5 M €	-3.9%	2,6 M €	+4.5%	2,5 M €	-8.0%	2,7 M €	+24.8%	2,2 M €	+0.3%	2,2 M €	-2.5%	2,2 M €	-3.9%	2,3 M €	-2.8%	2,4 M €	+17.3%	2 M €	+16.1%	1,7 M €	+75.9%	994,5 k €	+35.0%	736,6 k €	-1.6%	748,6 k €
Cash	25,5 k €	-39.5%	42,2 k €	+80.0%	23,4 k €	-54.1%	51,1 k €	+20.0%	42,6 k €	-17.5%	51,6 k €	-17.8%	62,8 k €	+34.5%	46,7 k €	+776%	5,3 k €	-84.1%	33,6 k €	-16.8%	40,4 k €	+1073%	3,4 k €	-84.9%	22,8 k €	-10.6%	25,5 k €	+54.3%	16,5 k €	-23.3%	21,6 k €		–		160,3 k €		–		19,2 k €
Debts	562,3 k €	-62.8%	1,5 M €	-11.0%	1,7 M €	+93.2%	879,1 k €	-17.9%	1,1 M €	-11.0%	1,2 M €	-12.8%	1,4 M €	-13.0%	1,6 M €	-8.3%	1,7 M €	-13.4%	2 M €	+35.9%	1,5 M €	-5.2%	1,5 M €	-7.0%	1,7 M €	-5.8%	1,8 M €	-8.2%	1,9 M €	+19.4%	1,6 M €	+22.9%	1,3 M €	+115%	610,3 k €	+40.1%	435,7 k €	-17.8%	530,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 14 ended

Active mandates

Evelyne Santens

Director · since 28 mars 2022 · until 27 mars 2028

Active

Geert De Brabandere

Managing director · since 28 mars 2022 · until 27 mars 2028

Active

Siska Lecluyse

Director · since 28 mars 2022 · until 27 mars 2028

Active

Ended mandates

Evelyne Santens

Director · since 18 décembre 2016 · until 28 mars 2022

Ended

Geert De Brabandere

Managing director · since 18 décembre 2016 · until 28 mars 2022

Ended

Siska Lecluyse

Director · since 18 décembre 2016 · until 28 mars 2022

Ended

Evelyne Santens

Director · since 28 mars 2011 · until 27 mars 2017

Ended

At this address

Other companies at this address

Company	CBE no.
CASOVEF● Active	0437.327.171
GDB● Active	0434.932.657
GDB NEXT GEN● Active	0795.915.781

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/04/2026	23/03/2025	16/03/2024	10/03/2023	13/03/2022	13/03/2021
General meeting	29/03/2026	23/03/2025	16/03/2024	03/03/2023	25/02/2022	13/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	29/03/2026	05/04/2026	Dutch	PDF
Abridged model	30/09/2024	23/03/2025	23/03/2025	Dutch	PDF
Abridged model	30/09/2023	16/03/2024	16/03/2024	Dutch	PDF
Abridged model	30/09/2022	03/03/2023	10/03/2023	Dutch	PDF
Abridged model	30/09/2021	25/02/2022	13/03/2022	Dutch	PDF
Abridged model	30/09/2020	13/03/2021	13/03/2021	Dutch	PDF
Abridged model	30/09/2019	08/02/2020	08/02/2020	Dutch	PDF
Abridged model	30/09/2018	15/02/2019	17/02/2019	Dutch	PDF
Abridged model	30/09/2017	20/10/2017	21/10/2017	Dutch	PDF
Abridged model	30/09/2016	18/12/2016	21/12/2016	Dutch	PDF
Abridged model	30/09/2015	28/11/2015	05/12/2015	Dutch	PDF
Abridged model	30/09/2014	01/12/2014	04/12/2014	Dutch	PDF
Abridged model	30/09/2013	12/03/2014	13/03/2014	Dutch	PDF
Abridged model	30/09/2012	25/03/2013	15/04/2013	Dutch	PDF
Abridged model	30/09/2011	26/03/2012	31/05/2012	Dutch	PDF
Abridged model	30/09/2010	28/03/2011	17/05/2011	Dutch	PDF
Abridged model	30/09/2009	29/03/2010	30/03/2010	Dutch	PDF
Abridged model	30/09/2008	23/03/2009	25/05/2009	Dutch	PDF
Abridged model	30/09/2007	31/03/2008	29/04/2008	Dutch	PDF
Abridged model	30/09/2006	27/03/2007	21/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/09/2025 · 3 active · 14 ended

Active mandates

Evelyne Santens

Director · since 28 mars 2022 · until 27 mars 2028

Active

Geert De Brabandere

Managing director · since 28 mars 2022 · until 27 mars 2028

Active

Siska Lecluyse

Director · since 28 mars 2022 · until 27 mars 2028

Active

Ended mandates

Evelyne Santens

Director · since 18 décembre 2016 · until 28 mars 2022

Ended

Geert De Brabandere

Managing director · since 18 décembre 2016 · until 28 mars 2022

Ended

Siska Lecluyse

Director · since 18 décembre 2016 · until 28 mars 2022

Ended

Evelyne Santens

Director · since 28 mars 2011 · until 27 mars 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/04/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ALGEMENE VERGADERING
PDF
Capital / shares06/04/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/01/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/01/2012
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/06/2011
ONTSLAGEN - BENOEMINGEN
PDF
Other18/10/2005
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/09/2005
ONTSLAGEN - BENOEMINGEN
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 2025-6,5 k €↓
2024
Annual accounts 202474,8 k €↓
2023
Annual accounts 2023107 k €↓
2022
Annual accounts 2022121,3 k €↑
2021
Annual accounts 2021115,8 k €↑
2020
Annual accounts 2020115,5 k €↑
2019
Annual accounts 2019108,4 k €↑
2018
Annual accounts 201858 k €↓
2017
Annual accounts 201778,4 k €↑
2016
Annual accounts 201626,3 k €↓
2015
Annual accounts 201558,8 k €↓
2014
Annual accounts 201462,9 k €↑
2013
Annual accounts 201319,8 k €↓
2012
Annual accounts 201274,8 k €↑
2011
Annual accounts 201138,8 k €↑
2010
Annual accounts 2010-19,9 k €↓
2009
Annual accounts 200987,1 k €↓
2008
Annual accounts 2008121,4 k €↑
2007
Annual accounts 2007114,6 k €↓
2006
Annual accounts 2006143,2 k €
05/06/1993
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

SANDEB

Overview

What does SANDEB 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