ACTIVE

SAND

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Financial year 2025 · closed on 30/09/2025

Net result

289,6 k €

+150.8% YoY

Gross margin

728 k €

+81.4% YoY

Equity

2,2 M €

+15.4% YoY

Workforce

1,8 ETP

0.0% YoY

What does SAND do?

SAND is a Public limited company incorporated in 2002. Its main activity is: Development of building projects. Its registered office is in Beerse. It employs on average 1,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.763.116

Incorporation

25/01/2002

Legal form

Public limited company

Registered office

Bisschopslaan 93 box 2
2340 Beerse · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Average workforce

1,8 ETP

Activities (NACE)

41101Development of building projects· main 68100Buying and selling of own real estate 68110Buying and selling of own real estate 68121Buying and selling of own real estate 70120Activities of head offices

Joint committees (4)

Signals

ProfitableSolid equityLow 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

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	728 k €	+81.4%	401,3 k €	+36.4%	294,2 k €	-38.3%	477,1 k €	-12.0%	542,3 k €	-17.7%	658,7 k €	-23.6%	862,7 k €	+112%	407,5 k €	+209%	131,7 k €	-56.7%	304 k €	-10.9%	341,3 k €	+167%	-510,3 k €	-206%	481,2 k €	-45.8%	888,5 k €	+34.6%	660,2 k €	+131%	285,7 k €	-4.8%	300,2 k €	-26.1%	406,4 k €	-29.3%	574,7 k €
EBITDA	569,6 k €	+130%	247,2 k €	+162%	94,2 k €	-68.2%	296 k €	-19.8%	368,9 k €	-32.0%	542,6 k €	-23.1%	705,5 k €	+145%	288,4 k €	+1470%	18,4 k €	-89.3%	172,2 k €	+8.9%	158,2 k €	+122%	-731,5 k €	-374%	266,6 k €	-63.8%	735,8 k €	+39.5%	527,4 k €	+228%	160,9 k €	+15.3%	139,5 k €	-48.7%	271,9 k €	-43.6%	482,4 k €
Operating result	489,8 k €	+134%	209,2 k €	+201%	69,5 k €	-74.4%	271,6 k €	-23.1%	353,1 k €	-33.2%	528,4 k €	-23.6%	691,6 k €	+152%	273,9 k €	+41340%	661 €	-99.6%	149,5 k €	+10.3%	135,6 k €	+118%	-754 k €	-467%	205,3 k €	-70.6%	698,2 k €	+44.3%	483,8 k €	+377%	101,4 k €	+45.2%	69,9 k €	-66.4%	207,8 k €	-49.1%	408,5 k €
Net result	289,6 k €	+151%	115,5 k €	+179%	41,4 k €	-79.6%	202,8 k €	-3.8%	210,8 k €	-36.4%	331,5 k €	-41.0%	561,8 k €	+202%	186,3 k €	+315%	-86,7 k €	-294%	44,7 k €	+2987%	1,4 k €	+100%	-592,6 k €	-1815%	34,6 k €	-90.5%	362,5 k €	+46.6%	247,2 k €	+876%	25,3 k €	+26.0%	20,1 k €	-72.6%	73,4 k €	-48.0%	141,2 k €
Balance sheet
Equity	2,2 M €	+15.4%	1,9 M €	+6.6%	1,8 M €	+2.4%	1,7 M €	+13.4%	1,5 M €	+16.1%	1,3 M €	+34.0%	975,7 k €	+136%	413,9 k €	+81.8%	227,6 k €	-27.6%	314,3 k €	+16.6%	269,6 k €	+0.5%	268,2 k €	-68.8%	860,8 k €	+4.2%	826,2 k €	+78.2%	463,8 k €	-29.4%	656,6 k €	+4.0%	631,2 k €	+3.3%	611,1 k €	+13.6%	537,8 k €
Total assets	5,7 M €	-8.4%	6,2 M €	+50.2%	4,1 M €	-1.9%	4,2 M €	-26.8%	5,7 M €	+22.7%	4,7 M €	+18.4%	3,9 M €	+80.2%	2,2 M €	-9.2%	2,4 M €	-24.0%	3,2 M €	-14.3%	3,7 M €	+1.1%	3,7 M €	-26.9%	5 M €	+51.3%	3,3 M €	+40.7%	2,3 M €	+7.5%	2,2 M €	+17.4%	1,9 M €	-7.5%	2 M €	-1.2%	2 M €
Cash	46,1 k €	+49.8%	30,8 k €	-75.2%	124 k €	-63.4%	339,2 k €	-35.7%	527,6 k €	+658%	69,6 k €	-77.4%	308,4 k €	+2208%	13,4 k €	+1994%	638 €	-99.5%	127,9 k €	+6.9%	119,7 k €	+3646%	3,2 k €	-81.8%	17,6 k €	-65.9%	51,6 k €	+74.8%	29,5 k €	-60.7%	75,1 k €	-19.0%	92,7 k €	+3634%	2,5 k €	-97.5%	100 k €
Debts	3,4 M €	-19.5%	4,2 M €	+83.7%	2,3 M €	-5.4%	2,4 M €	-41.5%	4,2 M €	+25.4%	3,3 M €	+13.5%	2,9 M €	+68.3%	1,7 M €	-19.1%	2,2 M €	-24.2%	2,8 M €	-16.9%	3,4 M €	+1.2%	3,4 M €	-17.9%	4,1 M €	+67.2%	2,5 M €	+30.9%	1,9 M €	+23.4%	1,5 M €	+24.3%	1,2 M €	-11.4%	1,4 M €	+33.0%	1 M €
Other
Workforce	1,8 ETP	0.0%	1,8 ETP	-33.3%	2,7 ETP	-3.6%	2,8 ETP	+3.7%	2,7 ETP	+50.0%	1,8 ETP	-25.0%	2,4 ETP	+33.3%	1,8 ETP	+12.5%	1,6 ETP	-15.8%	1,9 ETP	-24.0%	2,5 ETP	-28.6%	3,5 ETP	-5.4%	3,7 ETP	+27.6%	2,9 ETP	+61.1%	1,8 ETP	0.0%	1,8 ETP	-21.7%	2,3 ETP	-11.5%	2,6 ETP	+52.9%	1,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 7 ended

Active mandates

Annick VERMEIREN

bestuurder

Active

Dirk SCHOENMAEKERS

Managing director

Active

Ended mandates

Dirk ROYENS

Managing director · since 23 juillet 2003

Ended

Dirk SCHOENMAEKERS

Managing director · since 23 juillet 2003

Ended

Annick VERMEIREN

Director

Ended

Dirk ROYENS

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
DE POTTER EN CO● Active	0474.473.322
DOMESTIC MAKELAARS● Active	0872.520.938
HUMAN SKILLS● Active	0787.498.260
INVESTERINGS- EN PROJECTONTWIKKELINGSMAAT-SCHAPPIJ● Active	0457.181.982
Schilder- en renovatiewerken A&R● Bankrupt	1014.484.990

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/04/2026	07/04/2025	21/03/2024	14/04/2023	14/04/2022	02/04/2021
General meeting	16/03/2026	15/03/2025	15/03/2024	17/03/2023	18/03/2022	19/03/2021
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	30/09/2025	16/03/2026	08/04/2026	Dutch	PDF
Abridged model	30/09/2024	15/03/2025	07/04/2025	Dutch	PDF
Abridged model	30/09/2023	15/03/2024	21/03/2024	Dutch	PDF
Abridged model	30/09/2022	17/03/2023	14/04/2023	Dutch	PDF
Abridged model	30/09/2021	18/03/2022	14/04/2022	Dutch	PDF
Abridged model	30/09/2020	19/03/2021	02/04/2021	Dutch	PDF
Abridged model	30/09/2019	20/03/2020	25/03/2020	Dutch	PDF
Abridged model	30/09/2018	15/03/2019	27/03/2019	Dutch	PDF
Abridged model	30/09/2017	16/03/2018	28/03/2018	Dutch	PDF
Abridged model	30/09/2016	17/03/2017	23/03/2017	Dutch	PDF
Abridged model	30/09/2015	18/03/2016	25/03/2016	Dutch	PDF
Abridged model	30/09/2014	20/03/2015	25/03/2015	Dutch	PDF
Abridged model	30/09/2013	21/03/2014	24/03/2014	Dutch	PDF
Abridged model	30/09/2012	15/03/2013	22/03/2013	Dutch	PDF
Abridged model	30/09/2011	16/03/2012	23/03/2012	Dutch	PDF
Abridged model	30/09/2010	18/03/2011	22/03/2011	Dutch	PDF
Abridged model	30/09/2009	19/03/2010	25/03/2010	Dutch	PDF
Abridged model	30/09/2008	20/03/2009	25/03/2009	Dutch	PDF
Abridged model	30/09/2007	21/03/2008	26/03/2008	Dutch	PDF
Abridged model	30/09/2006	16/03/2007	29/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 2 active · 7 ended

Active mandates

Annick VERMEIREN

bestuurder

Active

Dirk SCHOENMAEKERS

Managing director

Active

Ended mandates

Dirk ROYENS

Managing director · since 23 juillet 2003

Ended

Dirk SCHOENMAEKERS

Managing director · since 23 juillet 2003

Ended

Annick VERMEIREN

Director

Ended

Dirk ROYENS

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other17/10/2025
BENAMING
PDF
Registered office05/02/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates01/02/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/04/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/03/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
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 2025289,6 k €↑
2025
Name changeSAND
2024
Annual accounts 2024115,5 k €↑
2023
Annual accounts 202341,4 k €↓
2022
Annual accounts 2022202,8 k €↓
2021
Annual accounts 2021210,8 k €↓
2021
Name changeDOMESTIC
2020
Annual accounts 2020331,5 k €↓
2019
Annual accounts 2019561,8 k €↑
2018
Annual accounts 2018186,3 k €↑
2017
Annual accounts 2017-86,7 k €↓
2016
Annual accounts 201644,7 k €↑
2015
Annual accounts 20151,4 k €↑
2014
Annual accounts 2014-592,6 k €↓
2013
Annual accounts 201334,6 k €↓
2012
Annual accounts 2012362,5 k €↑
2011
Annual accounts 2011247,2 k €↑
2010
Annual accounts 201025,3 k €↑
2009
Annual accounts 200920,1 k €↓
2008
Annual accounts 200873,4 k €↓
2007
Annual accounts 2007141,2 k €
25/01/2002
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

SAND

Overview

What does SAND 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