ACTIVE

SAPI 26

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-21,7 k €

+26.1% YoY

Revenue

53,5 k €

+3.9% YoY

Equity

-344,3 k €

-6.7% YoY

What does SAPI 26 do?

SAPI 26 is a Private limited company incorporated in 2013. Its main activity is: Buying and selling of own real estate. Its registered office is in Mons.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0541.520.316

Incorporation

29/10/2013

Legal form

Private limited company

Registered office

Rue des Fusillés 11
7020 Mons · WallonieSee on map

Contributed capital

82 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate

Contacts

2 public details availableLog in to view

Signals

Positive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014
Income statement
Revenue	53,5 k €	+3.9%	51,5 k €	+24.1%	41,5 k €	+27.7%	32,5 k €	-57.6%	76,7 k €		–		24 k €		–		–		–
EBITDA	48,2 k €	+62.2%	29,7 k €	+20.3%	24,7 k €	+78.9%	13,8 k €	-8.5%	15,1 k €	+122%	-68,1 k €	-2003%	-3,2 k €	-116%	20,8 k €	-0.0%	20,8 k €	+63.3%	12,7 k €
Operating result	-21,2 k €	+26.7%	-28,9 k €	+13.2%	-33,3 k €	+11.2%	-37,5 k €	-43.8%	-26,1 k €	+82.4%	-148,3 k €	-134%	-63,3 k €	-464%	17,4 k €	-0.1%	17,4 k €	+436%	-5,2 k €
Net result	-21,7 k €	+26.1%	-29,4 k €	+17.1%	-35,4 k €	+8.5%	-38,7 k €	-38.6%	-27,9 k €	+81.5%	-150,9 k €	-128%	-66,3 k €	-751%	10,2 k €	-25.8%	13,7 k €	+248%	-9,3 k €
Balance sheet
Equity	-344,3 k €	-6.7%	-322,6 k €	-10.0%	-293,3 k €	-13.7%	-257,8 k €	-17.7%	-219,1 k €	-66.0%	-132 k €	-797%	18,9 k €	-77.8%	85,2 k €	+13.6%	75 k €	+14.1%	65,7 k €
Total assets	2,9 M €	+105%	1,4 M €	-1.8%	1,4 M €	-4.1%	1,5 M €	+2.3%	1,5 M €	-5.3%	1,5 M €	+33.8%	1,1 M €	+372%	242,8 k €	+0.1%	242,7 k €	+0.1%	242,5 k €
Cash	40,3 k €	-15.3%	47,6 k €	+238%	14,1 k €	+104%	6,9 k €	-85.7%	48,3 k €	-41.0%	81,9 k €	+3440%	2,3 k €	-94.4%	41,3 k €	+9.3%	37,8 k €	+10.3%	34,2 k €
Debts	3,2 M €	+87.0%	1,7 M €	+0.1%	1,7 M €	-1.4%	1,7 M €	+4.3%	1,7 M €	+0.3%	1,7 M €	+48.4%	1,1 M €	+612%	157,6 k €	-6.0%	167,6 k €	-5.2%	176,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

CAP SUD-EST

Director · 0546.555.804

Represented by BULTOT Vincent

Active

Ended mandates

CAP SUD-EST

Manager · since 01 janvier 2015 · 0546.555.804

Represented by Vincent Bultot

Ended

CAP SUD-EST

Director · since 01 janvier 2015 · 0546.555.804

Represented by Vincent BULTOT

Ended

CAP SUD-EST

Director · since 01 janvier 2015 · 0546.555.804

Represented by BULTOT Vincent

Ended

CAP SUD-EST

Manager · since 01 janvier 2015 · 0546.555.804

Represented by BULTOT Vincent

Ended

At this address

Other companies at this address

Company	CBE no.
ACTARRUS● Active	1032.166.310
CAP SUD-EST● Active	0546.555.804
DUNAN● Active	0890.581.744
IMMO NIMY● Active	1038.733.507
MAIGRET● Active	0890.581.843
M.D.M.● Active	0455.192.987
SAINTE-HELENE● Active	0660.598.704
UNITE BULTOT● Active	0671.698.769

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	16/07/2026	29/07/2025	26/07/2024	08/08/2023	14/07/2022	08/03/2022
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	22/06/2022	30/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	16/07/2026	French	PDF
Full model	31/12/2024	06/06/2025	29/07/2025	French	PDF
Full model	31/12/2023	07/06/2024	26/07/2024	French	PDF
Full model	31/12/2022	02/06/2023	08/08/2023	French	PDF
Full model	31/12/2021	22/06/2022	14/07/2022	French	PDF
Full modelCorrection	31/12/2020	30/06/2021	08/03/2022	French	PDF
Full model	31/12/2020	30/06/2021	23/08/2021	French	PDF
Full model	31/12/2019	26/06/2020	30/10/2020	French	PDF
Micro model	31/12/2018	07/06/2019	26/08/2019	French	PDF
Micro model	31/12/2017	01/06/2018	30/08/2018	French	PDF
Micro model	31/12/2016	02/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	26/08/2015	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2025 · 1 active · 5 ended

Active mandates

CAP SUD-EST

Director · 0546.555.804

Represented by BULTOT Vincent

Active

Ended mandates

CAP SUD-EST

Manager · since 01 janvier 2015 · 0546.555.804

Represented by Vincent Bultot

Ended

CAP SUD-EST

Director · since 01 janvier 2015 · 0546.555.804

Represented by Vincent BULTOT

Ended

CAP SUD-EST

Director · since 01 janvier 2015 · 0546.555.804

Represented by BULTOT Vincent

Ended

CAP SUD-EST

Manager · since 01 janvier 2015 · 0546.555.804

Represented by BULTOT Vincent

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office14/06/2019
SIEGE SOCIAL
PDF
Mandates26/02/2015
DEMISSIONS, NOMINATIONS
PDF
Other31/10/2013
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-21,7 k €↑
2024
Annual accounts 2024-29,4 k €↑
2023
Annual accounts 2023-35,4 k €↑
2022
Annual accounts 2022-38,7 k €↓
2021
Annual accounts 2021-27,9 k €↑
2018
Annual accounts 2018-150,9 k €↓
2017
Annual accounts 2017-66,3 k €↓
2016
Annual accounts 201610,2 k €↓
2015
Annual accounts 201513,7 k €↑
2014
Annual accounts 2014-9,3 k €
29/10/2013
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

SAPI 26

Overview

What does SAPI 26 do?

Trend over 10 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