ACTIVE

SAS

Financial year 2025 · closed on 31/12/2025
Net result
18,9 k €
+123.0% YoY
Gross margin
115,5 k €
+6295.4% YoY
Equity
1,2 M €
+530.6% YoY
Workforce
1,0 ETP
0.0% YoY

What does SAS do?

SAS is a Private limited company incorporated in 1996. Its main activity is: Development of building projects. Its registered office is in Pajottegem. It employs on average 1,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0459.677.258
Incorporation
30/12/1996
Legal form
Private limited company
Registered office
Oplombeekstraat 6
1755 Pajottegem · FlandreSee on map
Contributed capital
1 550 000,00 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Joint committees (2)
  • 200
  • 20000
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin115,5 k €-1,9 k €14,4 k €32,7 k €155,7 k €231,2 k €486,3 k €-60,1 k €-4,9 k €-4 k €-41,3 k €-64 k €-2,2 k €-196,1 k €-4,3 k €334,1 k €-6,7 k €-10,3 k €-5,3 k €-17,5 k €
EBITDA11,4 k €-67,8 k €-38,3 k €-19 k €107,3 k €179,5 k €485,3 k €-61,1 k €-5,9 k €-5,1 k €-42,4 k €66,9 k €-3,2 k €-197,8 k €-144,8 k €290,8 k €-17,4 k €-21,1 k €-17,1 k €-28,9 k €
Operating result10,7 k €-72,7 k €-43,2 k €-23,7 k €102,7 k €145,3 k €485,3 k €-61,1 k €-5,9 k €-5,1 k €-42,4 k €66,9 k €-3,2 k €-197,8 k €-144,8 k €290,8 k €-17,4 k €-21,1 k €-17,1 k €-28,9 k €
Net result18,9 k €-82 k €-40,8 k €-24 k €93,8 k €133,9 k €477,6 k €-80,8 k €-25,7 k €-24,7 k €-61,6 k €489,6 €-67,6 k €-288,4 k €-249,6 k €238,4 k €-45,9 k €-55,4 k €-37,9 k €-77,9 k €
Balance sheet
Equity1,2 M €192 k €274 k €314,8 k €338,8 k €245,1 k €111,2 k €-366,4 k €-285,7 k €-260 k €-235,3 k €-173,7 k €-174,2 k €-106,6 k €-218,2 k €31,5 k €-206,9 k €-161 k €-105,6 k €-67,8 k €
Total assets1,2 M €831 k €328,6 k €377,3 k €15,7 M €8,7 M €1,1 M €138,6 k €1,1 M €1,1 M €1,1 M €1,5 M €1,6 M €1,8 M €2,5 M €3,1 M €2,5 M €1,5 M €1,4 M €1,3 M €
Cash1 M €8,7 k €66,2 k €360,1 k €680,2 k €124 k €329 k €101,2 k €299,8 k €237,6 k €243,2 k €77,9 k €104,8 k €172,1 k €45,7 k €753 k €74,9 k €48,6 k €53,1 k €49,6 k €
Debts9,7 k €639 k €54,5 k €62,5 k €15,4 M €8,5 M €1 M €505 k €1,4 M €1,4 M €1,3 M €1,7 M €1,6 M €1,8 M €2,6 M €3,1 M €2,7 M €1,7 M €1,5 M €1,4 M €
Other
Workforce1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP
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 31/12/2025 · 1 active · 13 ended

Active mandates

SAFFELBERG DIRECTOR & MANAGEMENT SERVICES

Director · since 17 septembre 2025 · 0898.306.310

Represented by Jos Sluys

Active

Ended mandates

CPL Vastgoed

Manager · since 02 mai 2012 · 0846.147.331

Represented by Chris Van de Ven

Ended
CPL Vastgoed

Manager · since 02 mai 2012 · 0846.147.331

Represented by Chris Van de Ven

Ended
BELGISCHE GRONDEN RESERVE

Manager · since 14 juin 2011 · until 14 juin 2017 · 0439.974.875

Represented by Patrick Borms

Ended
Bruno Marechal

Manager · since 14 juin 2011 · until 13 juin 2017

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date18/06/202625/07/202506/08/202403/07/202307/07/202209/07/2021
General meeting09/06/202610/06/202511/06/202413/06/202314/06/202208/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202509/06/202618/06/2026DutchPDF
Abridged model31/12/202410/06/202525/07/2025DutchPDF
Abridged model31/12/202311/06/202406/08/2024DutchPDF
Abridged model31/12/202213/06/202303/07/2023DutchPDF
Abridged model31/12/202114/06/202207/07/2022DutchPDF
Abridged model31/12/202008/06/202109/07/2021DutchPDF
Abridged model31/12/201909/06/202009/07/2020DutchPDF
Abridged model31/12/201811/06/201902/07/2019DutchPDF
Abridged model31/12/201712/06/201803/07/2018DutchPDF
Abridged model31/12/201613/06/201705/07/2017DutchPDF
Abridged model31/12/201514/06/201608/07/2016DutchPDF
Abridged model31/12/201409/06/201512/08/2015DutchPDF
Abridged model31/12/201310/06/201401/07/2014DutchPDF
Abridged model31/12/201211/06/201303/07/2013DutchPDF
Abridged model31/12/201112/06/201205/07/2012DutchPDF
Abridged model31/12/201014/06/201105/07/2011DutchPDF
Abridged model31/12/200908/06/201023/06/2010DutchPDF
Abridged model31/12/200809/06/200924/06/2009DutchPDF
Abridged model31/12/200710/06/200804/07/2008DutchPDF
Abridged model31/12/200612/06/200702/07/2007DutchPDF
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 31/12/2025 · 1 active · 13 ended

Active mandates

SAFFELBERG DIRECTOR & MANAGEMENT SERVICES

Director · since 17 septembre 2025 · 0898.306.310

Represented by Jos Sluys

Active

Ended mandates

CPL Vastgoed

Manager · since 02 mai 2012 · 0846.147.331

Represented by Chris Van de Ven

Ended
CPL Vastgoed

Manager · since 02 mai 2012 · 0846.147.331

Represented by Chris Van de Ven

Ended
BELGISCHE GRONDEN RESERVE

Manager · since 14 juin 2011 · until 14 juin 2017 · 0439.974.875

Represented by Patrick Borms

Ended
Bruno Marechal

Manager · since 14 juin 2011 · until 13 juin 2017

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates01/10/2025
    WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/05/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other08/01/2013
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates23/10/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/07/2009
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares15/06/2006
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates24/03/2006
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/11/2003
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL
    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

Timeline

  1. 2025
    Annual accounts 202518,9 k €
  2. 2024
    Annual accounts 2024-82 k €
  3. 2023
    Annual accounts 2023-40,8 k €
  4. 2022
    Annual accounts 2022-24 k €
  5. 2021
    Annual accounts 202193,8 k €
  6. 2020
    Annual accounts 2020133,9 k €
  7. 2019
    Annual accounts 2019477,6 k €
  8. 2018
    Annual accounts 2018-80,8 k €
  9. 2017
    Annual accounts 2017-25,7 k €
  10. 2016
    Annual accounts 2016-24,7 k €
  11. 2015
    Annual accounts 2015-61,6 k €
  12. 2014
    Annual accounts 2014489,6 €
  13. 2013
    Annual accounts 2013-67,6 k €
  14. 2012
    Annual accounts 2012-288,4 k €
  15. 2011
    Annual accounts 2011-249,6 k €
  16. 2010
    Annual accounts 2010238,4 k €
  17. 2009
    Annual accounts 2009-45,9 k €
  18. 2008
    Annual accounts 2008-55,4 k €
  19. 2007
    Annual accounts 2007-37,9 k €
  20. 2006
    Annual accounts 2006-77,9 k €
  21. 30/12/1996
    IncorporationPrivate limited company