ACTIVE

SAPIM

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Financial year 2025 · closed on 31/12/2025

Net result

1,4 M €

-65.5% YoY

Revenue

31,8 M €

+7.6% YoY

Equity

29,6 M €

-10.8% YoY

Workforce

83,0 ETP

+17.4% YoY

What does SAPIM do?

SAPIM is a Public limited company incorporated in 1994. Its main activity is: Manufacture of other fabricated metal products n.e.c.. Its registered office is in Antwerpen. It employs on average 83,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.272.891

Incorporation

31/03/1994

Legal form

Public limited company

Registered office

Mechanicalaan 6-8
2610 Antwerpen · FlandreSee on map

Contributed capital

10 922 133,00 €

Latest accounts

31/12/2025

Average workforce

83,0 ETP

Activities (NACE)

25999Manufacture of other fabricated metal products n.e.c.· main 25999Manufacture of other fabricated metal products n.e.c.29320Manufacture of other parts and accessories for motor vehicles 29320Manufacture of other parts and accessories for motor vehicles 34300Fabrication de parties et accessoires pour les véhicules à moteur et pour leurs moteurs

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	31,8 M €	+7.6%	29,6 M €	-4.1%	30,8 M €	-35.0%	47,4 M €	+14.4%	41,5 M €	+57.9%	26,3 M €	+11.1%	23,6 M €	+15.6%	20,4 M €	+1.7%	20,1 M €	+8.1%	18,6 M €	-1.0%	18,8 M €	+14.7%	16,4 M €	+14.4%	14,3 M €	-32.1%	21,1 M €	+48.9%	14,1 M €	+27.2%	11,1 M €	+7.9%	10,3 M €	-1.2%	10,4 M €	+37.3%	7,6 M €
EBITDA	5,9 M €	+23.9%	4,8 M €	+32.9%	3,6 M €	-62.1%	9,5 M €	-4.3%	9,9 M €	+128%	4,3 M €	+37.2%	3,2 M €	+20.1%	2,6 M €	-18.7%	3,2 M €	+24.6%	2,6 M €	+44.1%	1,8 M €	-22.0%	2,3 M €	+80.0%	1,3 M €	-27.1%	1,8 M €	+7.9%	1,6 M €	-16.2%	2 M €	+132%	840,5 k €	-44.4%	1,5 M €	+29.6%	1,2 M €
Operating result	3,3 M €	+55.3%	2,1 M €	+137%	900,9 k €	-88.2%	7,6 M €	-11.6%	8,6 M €	+152%	3,4 M €	+61.1%	2,1 M €	+30.8%	1,6 M €	-13.5%	1,9 M €	+28.6%	1,5 M €	+42.2%	1 M €	-41.1%	1,7 M €	+128%	764,8 k €	-26.6%	1 M €	+3.0%	1 M €	-29.2%	1,4 M €	+236%	424,8 k €	-60.0%	1,1 M €	+54.5%	686,7 k €
Net result	1,4 M €	-65.5%	4,1 M €	+29.6%	3,2 M €	-66.8%	9,6 M €	+50.1%	6,4 M €	+163%	2,4 M €	+72.0%	1,4 M €	+41.5%	997,4 k €	-14.0%	1,2 M €	+20.3%	963,9 k €	-18.5%	1,2 M €	-3.4%	1,2 M €	+96.9%	621,5 k €	-63.0%	1,7 M €	+55.5%	1,1 M €	-20.1%	1,4 M €	+2220%	58,2 k €	-89.3%	542,8 k €	+45.9%	372 k €
Balance sheet
Equity	29,6 M €	-10.8%	33,2 M €	-4.6%	34,8 M €	-4.4%	36,3 M €	+27.3%	28,6 M €	+28.7%	22,2 M €	+1.8%	21,8 M €	+3.1%	21,1 M €	+5.0%	20,1 M €	+6.1%	19 M €	+134%	8,1 M €	+17.1%	6,9 M €	+21.4%	5,7 M €	+12.2%	5,1 M €	+25.4%	4,1 M €	+20.5%	3,4 M €	+45.4%	2,3 M €	-16.0%	2,8 M €	+11.9%	2,5 M €
Total assets	65,1 M €	-3.0%	67,1 M €	-7.7%	72,7 M €	-1.8%	74 M €	+31.2%	56,4 M €	+28.1%	44 M €	+0.7%	43,7 M €	+1.4%	43,1 M €	-6.3%	46 M €	-5.3%	48,6 M €	+147%	19,7 M €	+8.6%	18,1 M €	+16.7%	15,5 M €	+9.1%	14,2 M €	+47.2%	9,7 M €	-0.5%	9,7 M €	-0.4%	9,7 M €	+2.7%	9,5 M €	+5.0%	9 M €
Cash	503,8 k €	-13.4%	581,9 k €	-76.4%	2,5 M €	+26.6%	1,9 M €	+69.1%	1,1 M €	+6.5%	1,1 M €	-31.2%	1,6 M €	+151%	625 k €	+37.7%	454 k €	-72.8%	1,7 M €	+39.4%	1,2 M €	+63.9%	730,7 k €	-3.2%	755,1 k €	+31.0%	576,6 k €	+54.2%	373,9 k €	-59.3%	919,2 k €	+521%	148 k €	+1.4%	145,9 k €	-57.6%	343,9 k €
Debts	35,2 M €	+6.0%	33,2 M €	-10.1%	37 M €	+0.8%	36,7 M €	+35.3%	27,1 M €	+26.6%	21,4 M €	-0.4%	21,5 M €	-0.7%	21,6 M €	-15.1%	25,5 M €	-12.6%	29,2 M €	+158%	11,3 M €	+3.7%	10,9 M €	+12.8%	9,7 M €	+7.2%	9 M €	+64.3%	5,5 M €	-10.2%	6,1 M €	-13.0%	7 M €	+8.9%	6,5 M €	+0.9%	6,4 M €
Other
Workforce	83,0 ETP	+17.4%	70,7 ETP	-6.5%	75,6 ETP	-21.6%	96,4 ETP	+27.2%	75,8 ETP	+47.2%	51,5 ETP	+48.8%	34,6 ETP	-10.6%	38,7 ETP	-20.0%	48,4 ETP	+7.8%	44,9 ETP	+8.7%	41,3 ETP	+5.9%	39,0 ETP	+1.8%	38,3 ETP	+2.1%	37,5 ETP	+4.5%	35,9 ETP	+1.7%	35,3 ETP	-9.9%	39,2 ETP	+3.2%	38,0 ETP	+9.5%	34,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 39 ended

Active mandates

Alcopa Capital Development

Director · since 28 juin 2022 · until 28 juin 2028 · 0447.763.183

Represented by Damien HEYMANS

Active

CRESPI

Managing director · since 28 juin 2019 · until 16 juin 2031 · 0825.503.058

Represented by Amaury DE CORDES

Active

Ended mandates

Cresinfi

Director · since 28 juin 2019 · until 30 juin 2025 · 0841.386.413

Represented by Guy DE CORDES

Ended

Cresinfi

Director · since 28 juin 2019 · until 28 juin 2022 · 0841.386.413

Represented by Guy DE CORDES

Ended

Cresinfi

Director · since 28 juin 2019 · until 30 juin 2025 · 0841.386.413

Represented by Guy DE CORDES

Ended

CRESPI

Managing director · since 28 juin 2019 · until 22 mai 2025 · 0825.503.058

Represented by Amaury DE CORDES

Ended

At this address

Other companies at this address

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CYCLING PARTS IMMO● Active	0537.263.204
Cycling Parts Testing● Active	0634.615.471
International Cycling Parts Services● Active	0458.590.561
Mechanica Holding● Active	0786.997.622
Sacrya● Active	0753.856.185

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	30/06/2026	01/07/2025	18/07/2024	02/04/2024	13/06/2022	08/07/2021
General meeting	30/06/2026	25/06/2025	28/06/2024	27/03/2024	27/05/2022	10/06/2021
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
Full model	31/12/2025	30/06/2026	30/06/2026	Dutch	PDF
Full model	31/12/2024	25/06/2025	01/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	18/07/2024	Dutch	PDF
Full model	31/12/2022	27/03/2024	02/04/2024	Dutch	PDF
Full model	31/12/2021	27/05/2022	13/06/2022	Dutch	PDF
Full model	31/12/2020	10/06/2021	08/07/2021	Dutch	PDF
Full model	31/12/2019	22/06/2020	17/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	30/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	24/08/2018	Dutch	PDF
Full model	31/12/2016	25/05/2017	18/07/2017	Dutch	PDF
Full model	31/12/2015	26/05/2016	01/07/2016	Dutch	PDF
Full model	31/12/2014	28/05/2015	03/07/2015	Dutch	PDF
Full modelCorrection	31/12/2013	22/05/2014	12/10/2014	Dutch	PDF
Full model	31/12/2013	22/05/2014	01/07/2014	Dutch	PDF
Full model	31/12/2012	23/05/2013	03/07/2013	Dutch	PDF
Full model	30/06/2011	24/11/2011	05/12/2011	Dutch	PDF
Full model	30/06/2010	25/11/2010	25/03/2011	Dutch	PDF
Full model	30/06/2009	26/11/2009	18/12/2009	Dutch	PDF
Full model	30/06/2008	27/11/2008	30/01/2009	Dutch	PDF
Full model	30/06/2007	22/11/2007	31/01/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 2 active · 39 ended

Active mandates

Alcopa Capital Development

Director · since 28 juin 2022 · until 28 juin 2028 · 0447.763.183

Represented by Damien HEYMANS

Active

CRESPI

Managing director · since 28 juin 2019 · until 16 juin 2031 · 0825.503.058

Represented by Amaury DE CORDES

Active

Ended mandates

Cresinfi

Director · since 28 juin 2019 · until 30 juin 2025 · 0841.386.413

Represented by Guy DE CORDES

Ended

Cresinfi

Director · since 28 juin 2019 · until 28 juin 2022 · 0841.386.413

Represented by Guy DE CORDES

Ended

Cresinfi

Director · since 28 juin 2019 · until 30 juin 2025 · 0841.386.413

Represented by Guy DE CORDES

Ended

CRESPI

Managing director · since 28 juin 2019 · until 22 mai 2025 · 0825.503.058

Represented by Amaury DE CORDES

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Other12/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates07/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/04/2021
KAPITAAL - AANDELEN
PDF
Mandates03/03/2020
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 20251,4 M €↓
25/06/2025
nominationDeloitte Bedrijfsrevisoren BV — commissaris
25/06/2025
nominationKurt Dehoorne — vertegenwoordiger van de commissaris
25/06/2025
reconductionCrespi SRL — bestuurder/gedelegeerd-bestuurder
2024
Annual accounts 20244,1 M €↑
2023
Annual accounts 20233,2 M €↓
2022
Annual accounts 20229,6 M €↑
23/09/2022
nominationAmaury de Cordes — bijzonder gevolmachtigde
28/06/2022
nominationALCOPA COORDINATION CENTER — bestuurder
28/06/2022
augmentation_capital
27/05/2022
reconductionVCLJ Bedrijfsrevisoren — commissaris
2021
Annual accounts 20216,4 M €↑
2020
Annual accounts 20202,4 M €↑
2019
Annual accounts 20191,4 M €↑
2018
Annual accounts 2018997,4 k €↓
2017
Annual accounts 20171,2 M €↑
2016
Annual accounts 2016963,9 k €↓
2015
Annual accounts 20151,2 M €↓
2014
Annual accounts 20141,2 M €↑
2013
Annual accounts 2013621,5 k €↓
2012
Annual accounts 20121,7 M €↑
2011
Annual accounts 20111,1 M €↓
2010
Annual accounts 20101,4 M €↑
2009
Annual accounts 200958,2 k €↓
2008
Annual accounts 2008542,8 k €↑
2007
Annual accounts 2007372 k €
31/03/1994
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

SAPIM

Overview

What does SAPIM do?

Trend over 19 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