ACTIVE

SAC O2

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Financial year 2025 · closed on 31/12/2025

Net result

496,2 k €

-38.8% YoY

Gross margin

1,4 M €

-22.4% YoY

Equity

1,7 M €

+0.6% YoY

Workforce

10,0 ETP

-2.9% YoY

What does SAC O2 do?

SAC O2 is a Public limited company incorporated in 1993. Its main activity is: Manufacture of paper and paperboard. Its registered office is in Deinze. It employs on average 10,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.694.455

Incorporation

14/12/1993

Legal form

Public limited company

Registered office

Veldeken 29
9850 Deinze · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

10,0 ETP

Activities (NACE)

17120Manufacture of paper and paperboard· main 17120Manufacture of paper and paperboard 21121Manufacture of basic pharmaceutical products 22220Manufacture of plastic packing goods 22220Manufacture of plastic packing goods 25220Manufacture of tanks, reservoirs and containers of metal

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ 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	1,4 M €	-22.4%	1,8 M €	+51.0%	1,2 M €	-1.3%	1,2 M €	-4.8%	1,3 M €	+93.8%	646,2 k €	-15.2%	762,2 k €	+27.7%	597 k €	+22.6%	486,8 k €	+15.9%	419,9 k €	-24.5%	556 k €	+72.4%	322,4 k €	+16.7%	276,2 k €	-8.9%	303,1 k €	+61.5%	187,7 k €	+916%	-23 k €	-110%	222,8 k €	-17.9%	271,3 k €
EBITDA	776,6 k €	-33.3%	1,2 M €	+85.5%	627,6 k €	-18.0%	765,2 k €	+1.1%	756,6 k €	+156%	295,1 k €	-11.3%	332,8 k €	+29.8%	256,5 k €	+93.5%	132,6 k €	+16.7%	113,6 k €	-59.7%	282,1 k €	+132%	121,8 k €	+12.6%	108,2 k €	-45.2%	197,3 k €	+121%	89,3 k €	+182%	31,7 k €	-48.0%	60,9 k €	-43.6%	108 k €
Operating result	628,4 k €	-40.0%	1 M €	+103%	516,2 k €	-23.6%	675,7 k €	+0.2%	674,4 k €	+247%	194,5 k €	-21.6%	248,2 k €	+19.6%	207,5 k €	+217%	65,5 k €	+19.6%	54,7 k €	-76.4%	232 k €	+203%	76,6 k €	+8.9%	70,4 k €	-57.1%	163,9 k €	+268%	44,5 k €	+412%	-14,3 k €	-134%	42,1 k €	-48.8%	82,2 k €
Net result	496,2 k €	-38.8%	811,4 k €	+99.6%	406,6 k €	-21.7%	519,4 k €	-6.9%	557,6 k €	+270%	150,7 k €	-5.3%	159,1 k €	+6.1%	150 k €	+146%	60,9 k €	+22.3%	49,8 k €	-73.4%	187 k €	+275%	49,8 k €	+17.0%	42,6 k €	-70.9%	146,5 k €	+566%	22 k €	+146%	-47,4 k €	-294%	24,5 k €	-57.6%	57,7 k €
Balance sheet
Equity	1,7 M €	+0.6%	1,7 M €	+11.1%	1,6 M €	-9.4%	1,7 M €	+20.0%	1,4 M €	+46.0%	981 k €	+18.1%	830,3 k €	+23.7%	671,2 k €	+28.8%	521,1 k €	+5.0%	496,3 k €	+2.9%	482,5 k €	+45.5%	331,5 k €	+17.7%	281,7 k €	+17.8%	239,1 k €	+15.2%	207,6 k €	+11.9%	185,6 k €	-20.3%	233 k €	+11.7%	208,5 k €
Total assets	2,5 M €	-8.3%	2,8 M €	+5.0%	2,6 M €	+2.7%	2,6 M €	+17.1%	2,2 M €	+39.6%	1,6 M €	+33.2%	1,2 M €	+14.9%	1 M €	+18.5%	862,3 k €	+3.2%	835,3 k €	-1.1%	844,3 k €	+36.7%	617,7 k €	+6.7%	579,2 k €	-22.6%	748,5 k €	+9.3%	684,9 k €	-4.8%	719,8 k €	+0.2%	718,7 k €	+55.8%	461,4 k €
Cash	401,7 k €	+3.6%	387,9 k €	-4.5%	406,4 k €	-15.1%	478,6 k €	-5.1%	504,2 k €	+201%	167,7 k €	+57.1%	106,7 k €	+171%	39,3 k €	-46.1%	73 k €	-45.6%	134,3 k €	+89.5%	70,9 k €	-13.0%	81,4 k €	-13.6%	94,2 k €	+57.0%	60 k €	-1.1%	60,6 k €	+5.5%	57,5 k €	+1.3%	56,7 k €	-78.5%	263,6 k €
Debts	784,7 k €	-23.5%	1 M €	+3.0%	995,4 k €	+19.0%	836,7 k €	+14.7%	729,6 k €	+35.9%	536,7 k €	+96.6%	273 k €	-20.1%	341,8 k €	+0.2%	341,1 k €	+0.6%	339 k €	-6.3%	361,9 k €	+26.4%	286,2 k €	-3.8%	297,5 k €	-40.2%	497,9 k €	+7.6%	462,6 k €	-12.2%	527 k €	+97.0%	267,4 k €	+372%	56,7 k €
Other
Workforce	10,0 ETP	-2.9%	10,3 ETP	+12.0%	9,2 ETP	+19.5%	7,7 ETP	-3.7%	8,0 ETP	+40.4%	5,7 ETP	+1.8%	5,6 ETP	+7.7%	5,2 ETP	+4.0%	5,0 ETP	+13.6%	4,4 ETP	+25.7%	3,5 ETP	-22.2%	4,5 ETP	+25.0%	3,6 ETP	+16.1%	3,1 ETP	+34.8%	2,3 ETP	-34.3%	3,5 ETP	0.0%	3,5 ETP	0.0%	3,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 33 ended

Active mandates

AGRO INVEST

Director · since 06 juin 2025 · until 06 juin 2031 · 0464.211.217

Represented by Kasper Moreaux

Active

Ciphers

Persoon belast met dagelijks bestuur · 0842.816.370

Represented by Roel Van de Heyning

Active

Fungizmo

Persoon belast met dagelijks bestuur · 0759.833.860

Represented by Kasper Moreaux

Active

Ended mandates

Ciphers

Persoon belast met dagelijks bestuur · since 02 février 2023 · 0842.816.370

Represented by Roel Van de Heyning

Ended

Ciphers

Director · since 02 février 2023 · 0842.816.370

Represented by Roel Van de Heyning

Ended

Fungizmo

Persoon belast met dagelijks bestuur · since 02 février 2023 · 0759.833.860

Represented by Kasper Moreaux

Ended

Fungizmo

Persoon belast met dagelijks bestuur · since 02 février 2023 · 0759.833.860

Represented by Kasper Moreaux

Ended

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	01/01/2025	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	23/06/2026	12/06/2025	18/06/2024	27/06/2023	19/07/2022	15/06/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	30/06/2022	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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	23/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	12/06/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	18/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	19/07/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	15/06/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	01/07/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	04/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	13/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	25/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	23/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	16/06/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	04/07/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	18/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	08/07/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	07/07/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	17/07/2008	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	15/06/2007	Dutch	PDF

Estimate

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.

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 · 3 active · 33 ended

Active mandates

AGRO INVEST

Director · since 06 juin 2025 · until 06 juin 2031 · 0464.211.217

Represented by Kasper Moreaux

Active

Ciphers

Persoon belast met dagelijks bestuur · 0842.816.370

Represented by Roel Van de Heyning

Active

Fungizmo

Persoon belast met dagelijks bestuur · 0759.833.860

Represented by Kasper Moreaux

Active

Ended mandates

Ciphers

Persoon belast met dagelijks bestuur · since 02 février 2023 · 0842.816.370

Represented by Roel Van de Heyning

Ended

Ciphers

Director · since 02 février 2023 · 0842.816.370

Represented by Roel Van de Heyning

Ended

Fungizmo

Persoon belast met dagelijks bestuur · since 02 février 2023 · 0759.833.860

Represented by Kasper Moreaux

Ended

Fungizmo

Persoon belast met dagelijks bestuur · since 02 février 2023 · 0759.833.860

Represented by Kasper Moreaux

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/03/2021
KAPITAAL - AANDELEN
PDF
Other31/01/2020
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/06/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/11/2012
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 2025496,2 k €↓
2024
Annual accounts 2024811,4 k €↑
2023
Annual accounts 2023406,6 k €↓
2022
Annual accounts 2022519,4 k €↓
2021
Annual accounts 2021557,6 k €↑
2018
Annual accounts 2018150,7 k €↓
2017
Annual accounts 2017159,1 k €↑
2016
Annual accounts 2016150 k €↑
2015
Annual accounts 201560,9 k €↑
2014
Annual accounts 201449,8 k €↓
2013
Annual accounts 2013187 k €↑
2012
Annual accounts 201249,8 k €↑
2011
Annual accounts 201142,6 k €↓
2010
Annual accounts 2010146,5 k €↑
2009
Annual accounts 200922 k €↑
2008
Annual accounts 2008-47,4 k €↓
2007
Annual accounts 200724,5 k €↓
2006
Annual accounts 200657,7 k €
14/12/1993
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

SAC O2

Overview

What does SAC O2 do?

Trend over 18 financial years

Indicative valuation

Board of directors

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