ACTIVE

SANITHERM (SRL)

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Financial year 2024 · closed on 31/12/2024

Net result

59,7 k €

+464.7% YoY

Gross margin

458,1 k €

+40.3% YoY

Equity

540,4 k €

+11.6% YoY

Workforce

4,8 ETP

+6.7% YoY

What does SANITHERM do?

SANITHERM is a Private limited company incorporated in 1998. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Erpe-Mere. It employs on average 4,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.348.304

Incorporation

13/10/1998

Legal form

Private limited company

Registered office

Lange Ommegangstraat 50
9420 Erpe-Mere · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2024

Average workforce

4,8 ETP

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 52462Warehousing and support activities for transportation 41001Construction of buildings+7

Joint committees (1)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	458,1 k €	+40.3%	326,5 k €	+25.2%	260,7 k €	+17.0%	222,9 k €	+36.1%	163,8 k €	+21.3%	135 k €	+9.5%	123,3 k €	+35.6%	90,9 k €	-50.5%	183,6 k €	+130%	79,7 k €	-12.1%	90,6 k €	-27.1%	124,4 k €	-25.0%	165,8 k €	-15.5%	196,3 k €	+10.2%	178,1 k €	+138%	74,7 k €	+75.8%	42,5 k €	+34.4%	31,6 k €	+20.6%	26,2 k €
EBITDA	187 k €	+72.6%	108,4 k €	+74.2%	62,2 k €	+45.0%	42,9 k €	-6.0%	45,6 k €	-22.6%	58,9 k €	+147%	23,9 k €	-19.6%	29,7 k €	-77.6%	132,6 k €	+296%	33,5 k €	+20.5%	27,8 k €	-64.3%	77,8 k €	-42.5%	135,2 k €	-27.3%	185,9 k €	+7.2%	173,4 k €	+138%	72,9 k €	+81.3%	40,2 k €	+34.1%	30 k €	+44.3%	20,8 k €
Operating result	142,3 k €	+101%	70,7 k €	+67.2%	42,3 k €	+121%	19,1 k €	-10.3%	21,3 k €	-39.3%	35,1 k €	+182%	12,4 k €	-31.6%	18,2 k €	-84.5%	117,5 k €	+948%	11,2 k €	+248%	-7,6 k €	-118%	43,1 k €	-57.1%	100,4 k €	-17.8%	122,2 k €	-21.5%	155,8 k €	+132%	67,2 k €	+119%	30,6 k €	+69.0%	18,1 k €	+13.2%	16 k €
Net result	59,7 k €	+465%	10,6 k €	+66.9%	6,3 k €	+4682%	132,5 €	-90.5%	1,4 k €	-88.1%	11,7 k €	+615%	1,6 k €	-81.8%	9 k €	-87.6%	72,7 k €	+775%	-10,8 k €	-732%	1,7 k €	-92.2%	21,9 k €	-64.8%	62,2 k €	-26.4%	84,6 k €	-18.0%	103,2 k €	+99.0%	51,8 k €	+108%	24,9 k €	+39.2%	17,9 k €	+44.7%	12,3 k €
Balance sheet
Equity	540,4 k €	+11.6%	484,2 k €	+2.2%	473,6 k €	+1.4%	467,3 k €	+0.0%	467,1 k €	+0.3%	465,7 k €	+2.6%	454 k €	+0.4%	452,4 k €	+2.0%	443,4 k €	+19.6%	370,7 k €	-2.8%	381,5 k €	+0.4%	379,8 k €	+6.1%	357,9 k €	+21.0%	295,7 k €	+40.1%	211,1 k €	+33.7%	157,9 k €	+48.9%	106,1 k €	+30.6%	81,2 k €	+28.2%	63,4 k €
Total assets	1,9 M €	+25.9%	1,5 M €	-8.4%	1,6 M €	+27.1%	1,3 M €	+4.3%	1,2 M €	+10.0%	1,1 M €	+26.2%	879 k €	+6.4%	826 k €	-2.5%	847,5 k €	+16.7%	726,3 k €	-1.2%	735 k €	-6.1%	783,1 k €	-8.1%	852 k €	+10.1%	773,8 k €	+30.0%	595,1 k €	+88.9%	315 k €	+33.4%	236,1 k €	+25.3%	188,4 k €	+47.5%	127,7 k €
Cash	84 k €	-55.0%	186,6 k €	+13.4%	164,6 k €	-35.4%	254,6 k €	+92.3%	132,4 k €	-30.6%	190,6 k €	-49.2%	375,1 k €	+8.9%	344,5 k €	-11.3%	388,2 k €	+186%	135,5 k €	-1.0%	136,9 k €	-32.6%	203,3 k €	+56.6%	129,8 k €	-17.5%	157,4 k €	-36.2%	246,5 k €	+53.8%	160,3 k €	+137%	67,6 k €	-1.9%	68,9 k €	-3.4%	71,3 k €
Debts	1,3 M €	+32.8%	997,6 k €	-12.8%	1,1 M €	+42.1%	805,4 k €	+7.0%	752,5 k €	+17.0%	643,3 k €	+51.4%	425 k €	+13.8%	373,6 k €	-7.5%	404,1 k €	+13.6%	355,6 k €	+0.6%	353,5 k €	-12.4%	403,3 k €	-18.4%	494,1 k €	+3.3%	478,1 k €	+45.2%	329,2 k €	+140%	137 k €	+5.4%	130 k €	+21.2%	107,2 k €	+66.5%	64,4 k €
Other
Workforce	4,8 ETP	+6.7%	4,5 ETP	+9.8%	4,1 ETP	-6.8%	4,4 ETP	+25.7%	3,5 ETP	+52.2%	2,3 ETP	+21.1%	1,9 ETP	+46.2%	1,3 ETP	-13.3%	1,5 ETP	+50.0%	1,0 ETP	-44.4%	1,8 ETP	+5.9%	1,7 ETP	+70.0%	1,0 ETP	+400%	0,2 ETP	+100%	0,1 ETP		–		–		–		0,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 4 ended

Active mandates

Bart De Craecker

Director

Active

MAXIME GANZEMAN

Director

Active

Ended mandates

BART DE CRAECKER

Manager

Ended

JEAN GANZEMAN

Manager

Ended

KEN GANZEMAN

Manager

Ended

MAXIME GANZEMAN

Manager

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/02/2026	30/09/2024	18/09/2023	07/10/2022	17/12/2021	16/11/2020
General meeting	04/02/2026	05/06/2024	07/06/2023	01/06/2022	02/06/2021	03/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	04/02/2026	06/02/2026	Dutch	PDF
Abridged model	31/12/2023	05/06/2024	30/09/2024	Dutch	PDF
Abridged model	31/12/2022	07/06/2023	18/09/2023	Dutch	PDF
Abridged model	31/12/2021	01/06/2022	07/10/2022	Dutch	PDF
Abridged model	31/12/2020	02/06/2021	17/12/2021	Dutch	PDF
Abridged model	31/12/2019	03/06/2020	16/11/2020	Dutch	PDF
Abridged model	31/12/2018	05/06/2019	10/10/2019	Dutch	PDF
Abridged model	31/12/2017	06/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	07/06/2017	27/09/2017	Dutch	PDF
Abridged model	31/12/2015	01/06/2016	09/09/2016	Dutch	PDF
Abridged model	31/12/2014	03/06/2015	06/10/2015	Dutch	PDF
Abridged model	31/12/2013	04/07/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	05/07/2013	16/09/2013	Dutch	PDF
Abridged model	31/12/2011	06/07/2012	31/07/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	02/07/2010	23/07/2010	Dutch	PDF
Abridged model	31/12/2008	10/06/2009	10/07/2009	Dutch	PDF
Abridged model	31/12/2007	04/07/2008	24/07/2008	Dutch	PDF
Abridged model	31/12/2006	06/06/2007	09/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2024 · 2 active · 4 ended

Active mandates

Bart De Craecker

Director

Active

MAXIME GANZEMAN

Director

Active

Ended mandates

BART DE CRAECKER

Manager

Ended

JEAN GANZEMAN

Manager

Ended

KEN GANZEMAN

Manager

Ended

MAXIME GANZEMAN

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/07/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/03/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/02/2006
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

2024
Annual accounts 202459,7 k €↑
2023
Annual accounts 202310,6 k €↑
2022
Annual accounts 20226,3 k €↑
2021
Annual accounts 2021132,5 €↓
2020
Annual accounts 20201,4 k €↓
2019
Annual accounts 201911,7 k €↑
2018
Annual accounts 20181,6 k €↓
2017
Annual accounts 20179 k €↓
2016
Annual accounts 201672,7 k €↑
2015
Annual accounts 2015-10,8 k €↓
2014
Annual accounts 20141,7 k €↓
2013
Annual accounts 201321,9 k €↓
2012
Annual accounts 201262,2 k €↓
2011
Annual accounts 201184,6 k €↓
2010
Annual accounts 2010103,2 k €↑
2009
Annual accounts 200951,8 k €↑
2008
Annual accounts 200824,9 k €↑
2007
Annual accounts 200717,9 k €↑
2006
Annual accounts 200612,3 k €
13/10/1998
IncorporationPrivate 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

SANITHERM (SRL)

Overview

What does SANITHERM do?

Trend over 19 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