ACTIVE

Safinco

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Financial year 2025 · closed on 31/12/2025

Net result

35,5 M €

-8.1% YoY

Equity

399 M €

+6.0% YoY

Workforce

1,0 ETP

0.0% YoY

What does Safinco do?

Safinco is a Public limited company incorporated in 1999. Its main activity is: Activities of holding companies. Its registered office is in Gent. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.306.813

Incorporation

22/06/1999

Legal form

Public limited company

Registered office

Ottergemsesteenweg-Zuid 816
9000 Gent · FlandreSee on map

Contributed capital

286 501 000,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflow

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008
Income statement
EBITDA	-441,9 k €	-23.2%	-358,7 k €	-311%	170,1 k €	+535%	26,8 k €	+113%	-200,3 k €	-150%	404,4 k €	+268%	-240,5 k €	-12.3%	-214,3 k €	+3.9%	-223 k €	+70.7%	-760 k €	-109%	-364,5 k €	-159%	-140,6 k €	+13.8%	-163 k €	+23.0%	-211,6 k €	-5.6%	-200,3 k €	+6.8%	-214,8 k €	+16.1%	-256,1 k €
Operating result	-441,9 k €	-23.2%	-358,7 k €	-311%	170,1 k €	+535%	26,8 k €	+113%	-200,3 k €	-150%	404,4 k €	+268%	-240,5 k €	-12.3%	-214,3 k €	+3.9%	-223 k €	+70.7%	-760 k €	-109%	-364,5 k €	-159%	-140,6 k €	+13.8%	-163 k €	+23.0%	-211,6 k €	-5.6%	-200,3 k €	+6.8%	-214,8 k €	+16.1%	-256,1 k €
Net result	35,5 M €	-8.1%	38,6 M €	+1.2%	38,1 M €	+73.6%	22 M €	+1.0%	21,8 M €	+28.5%	16,9 M €	-11.6%	19,2 M €	+3.8%	18,5 M €	+29.9%	14,2 M €	+151%	5,7 M €	-22.6%	7,3 M €	-2.8%	7,5 M €	+2.0%	7,4 M €	-56.1%	16,8 M €	-2.8%	17,3 M €	+2.5%	16,9 M €	+213%	-15 M €
Balance sheet
Equity	399 M €	+6.0%	376,5 M €	+3.5%	363,9 M €	+3.6%	351,4 M €	+1.5%	346,3 M €	+2.3%	338,4 M €	+0.3%	337,3 M €	+1.6%	332,1 M €	+1.4%	327,7 M €	+0.8%	325,1 M €	-1.8%	331 M €	-0.2%	331,7 M €	-0.1%	331,9 M €	-0.1%	332,3 M €	+2.8%	323,3 M €	+3.0%	313,7 M €	+0.3%	312,8 M €
Total assets	412,2 M €	+2.4%	402,7 M €	+3.3%	389,7 M €	+0.8%	386,7 M €	+0.5%	384,6 M €	-0.0%	384,7 M €	+0.7%	381,9 M €	-0.2%	382,8 M €	-1.4%	388,1 M €	-2.5%	397,9 M €	+13.4%	350,9 M €	+0.0%	350,9 M €	-0.0%	350,9 M €	-0.0%	350,9 M €	+0.0%	350,9 M €	-0.0%	350,9 M €	-0.0%	350,9 M €
Cash	51,3 k €	-86.8%	387,3 k €	-47.4%	736,2 k €	+53.6%	479,2 k €	+15.7%	414,2 k €	-19.6%	514,9 k €	+86.0%	276,9 k €	-35.0%	425,7 k €	-65.2%	1,2 M €	+21.6%	1 M €		–		–		–		1,1 €	-98.0%	53,9 €		–		97,8 €
Debts	13,1 M €	-49.7%	26,1 M €	+1.3%	25,8 M €	-26.1%	34,9 M €	-7.9%	37,9 M €	-17.3%	45,8 M €	+3.8%	44,2 M €	-11.8%	50 M €	-16.1%	59,7 M €	-17.1%	71,9 M €	+261%	19,9 M €	+3.5%	19,2 M €	+1.3%	19 M €	+2.1%	18,6 M €	-32.8%	27,6 M €	-25.6%	37,2 M €	-2.4%	38,1 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP	+100%	0,4 ETP	-60.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-33.3%	1,5 ETP	-21.1%	1,9 ETP	-5.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 20 ended

Active mandates

AREMA

Managing director · since 09 mai 2023 · until 12 mai 2026 · 0473.943.978

Represented by François Casier

Active

Billiet Marine

Director · since 09 mai 2023 · until 12 mai 2026

Active

Jean Vandemoortele

Director · since 09 mai 2023 · until 12 mai 2026

Active

Ended mandates

AREMA

Managing director · since 09 mai 2023 · until 12 mai 2026 · 0473.943.978

Represented by François Casier

Ended

Ann Deruyttere

Director · since 12 mai 2020 · until 09 mai 2023

Ended

AREMA

Managing director · since 12 mai 2020 · until 09 mai 2023 · 0473.943.978

Represented by François Casier

Ended

AREMA

Managing director · since 12 mai 2020 · until 09 mai 2023 · 0473.943.978

Represented by François Casier

Ended

At this address

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VANDEMOORTELE BTW-EENHEID● Active	0828.710.986
Vandemoortele Europe● Active	0721.494.116
Vandemoortele Groep● Active	1013.652.275
VANDEMOORTELE LIPIDS● Active	0414.062.415

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	27/05/2026	26/05/2025	07/06/2024	22/05/2023	18/05/2022	27/05/2021
General meeting	12/05/2026	13/05/2025	17/05/2024	09/05/2023	10/05/2022	11/05/2021
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

42 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	12/05/2026	27/05/2026	Dutch	PDF
Consolidated accounts	31/12/2025	12/05/2026	28/05/2026	Dutch	PDF
Full model	31/12/2024	13/05/2025	26/05/2025	Dutch	PDF
Consolidated accounts	31/12/2024	13/05/2025	26/05/2025	Dutch	PDF
Full model	31/12/2023	17/05/2024	07/06/2024	Dutch	PDF
Consolidated accounts	31/12/2023	17/05/2024	11/06/2024	Dutch	PDF
Full model	31/12/2022	09/05/2023	22/05/2023	Dutch	PDF
Consolidated accounts	31/12/2022	09/05/2023	30/05/2023	Dutch	PDF
Full model	31/12/2021	10/05/2022	18/05/2022	Dutch	PDF
Consolidated accounts	31/12/2021	10/05/2022	18/05/2022	Dutch	PDF
Full model	31/12/2020	11/05/2021	27/05/2021	Dutch	PDF
Consolidated accounts	31/12/2020	11/05/2021	27/05/2021	Dutch	PDF
Full model	31/12/2019	12/05/2020	02/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	12/05/2020	03/06/2020	Dutch	PDF
Full model	31/12/2018	14/05/2019	13/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	14/05/2019	28/05/2019	Dutch	PDF
Full model	31/12/2017	08/05/2018	24/05/2018	Dutch	PDF
Consolidated accounts	31/12/2017	08/05/2018	28/05/2018	Dutch	PDF
Full model	31/12/2016	09/05/2017	31/05/2017	Dutch	PDF
Consolidated accounts	31/12/2016	09/05/2017	02/06/2017	Dutch	PDF
Full model	31/12/2015	10/05/2016	17/05/2016	Dutch	PDF
Consolidated accounts	31/12/2015	10/05/2016	07/06/2016	Dutch	PDF
Full model	31/12/2014	12/05/2015	24/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	12/05/2015	11/06/2015	Dutch	PDF

View all 42 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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 · 20 ended

Active mandates

AREMA

Managing director · since 09 mai 2023 · until 12 mai 2026 · 0473.943.978

Represented by François Casier

Active

Billiet Marine

Director · since 09 mai 2023 · until 12 mai 2026

Active

Jean Vandemoortele

Director · since 09 mai 2023 · until 12 mai 2026

Active

Ended mandates

AREMA

Managing director · since 09 mai 2023 · until 12 mai 2026 · 0473.943.978

Represented by François Casier

Ended

Ann Deruyttere

Director · since 12 mai 2020 · until 09 mai 2023

Ended

AREMA

Managing director · since 12 mai 2020 · until 09 mai 2023 · 0473.943.978

Represented by François Casier

Ended

AREMA

Managing director · since 12 mai 2020 · until 09 mai 2023 · 0473.943.978

Represented by François Casier

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/09/2026
Herbenoeming van bestuurders, commissaris, voorzitter en gedelegeerd
PDF
Mandates07/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other03/02/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Registered office20/05/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates24/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other07/06/2016
DIVERSEN
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 202535,5 M €↓
2024
Annual accounts 202438,6 M €↑
2023
Annual accounts 202338,1 M €↑
09/05/2023
reconductionFrançois Casier — bestuurder
09/05/2023
reconductionJean Vandemoortele — bestuurder
09/05/2023
nominationMarine Billiet — bestuurder
09/05/2023
reconductionTom Windelen — commissaris
2022
Annual accounts 202222 M €↑
2021
Annual accounts 202121,8 M €↑
2020
Annual accounts 202016,9 M €↓
2019
Annual accounts 201919,2 M €↑
2018
Annual accounts 201818,5 M €↑
2017
Annual accounts 201714,2 M €↑
2016
Annual accounts 20165,7 M €↓
2015
Annual accounts 20157,3 M €↓
2014
Annual accounts 20147,5 M €↑
2013
Annual accounts 20137,4 M €↓
2012
Annual accounts 201216,8 M €↓
2011
Annual accounts 201117,3 M €↑
2010
Annual accounts 201016,9 M €↑
2008
Annual accounts 2008-15 M €
22/06/1999
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

Safinco

Overview

What does Safinco do?

Trend over 17 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