ACTIVE

SANIFRO

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Financial year 2025 · closed on 30/06/2025

Net result

228,1 k €

-34.7% YoY

Gross margin

1,1 M €

-16.4% YoY

Equity

546,7 k €

-1.3% YoY

Workforce

11,8 ETP

-5.6% YoY

What does SANIFRO do?

SANIFRO is a Private limited company incorporated in 2013. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Izegem. It employs on average 11,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0542.403.412

Incorporation

22/11/2013

Legal form

Private limited company

Registered office

Oekensestraat 14
8870 Izegem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Average workforce

11,8 ETP

Activities (NACE)

43221Plumbing, heat and air-conditioning installation· main 43221Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 63120Web portals 63910News agency activities+2

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015
Income statement
Gross margin	1,1 M €	-16.4%	1,3 M €	+18.5%	1,1 M €	+19.9%	907 k €	-1.5%	921 k €	+25.2%	735,4 k €	+49.2%	492,8 k €	+35.0%	365 k €	+81.0%	201,7 k €	+84.6%	109,3 k €	-39.7%	181,1 k €
EBITDA	383,5 k €	-32.8%	570,9 k €	+110%	271,6 k €	+39.5%	194,7 k €	-7.0%	209,3 k €	+24.0%	168,8 k €	+148%	68 k €	-52.6%	143,4 k €	+10.6%	129,7 k €	+40.7%	92,2 k €	-48.2%	178 k €
Operating result	333,4 k €	-32.8%	496,2 k €	+142%	204,9 k €	+35.4%	151,3 k €	+1.8%	148,7 k €	+28.0%	116,2 k €	+967%	10,9 k €	-88.2%	92,3 k €	-1.1%	93,3 k €	+51.3%	61,7 k €	-46.1%	114,4 k €
Net result	228,1 k €	-34.7%	349,1 k €	+150%	139,4 k €	+39.2%	100,2 k €	-2.2%	102,4 k €	+37.5%	74,5 k €	+3686%	2 k €	-96.1%	50,8 k €	-2.3%	52 k €	+53.1%	33,9 k €	-48.5%	65,9 k €
Balance sheet
Equity	546,7 k €	-1.3%	554 k €	-7.6%	599,7 k €	+30.3%	460,3 k €	+27.8%	360,1 k €	+21.0%	297,7 k €	+33.4%	223,2 k €	+0.9%	221,2 k €	+29.8%	170,5 k €	+43.9%	118,5 k €	+40.2%	84,5 k €
Total assets	1,3 M €	-7.8%	1,5 M €	+10.1%	1,3 M €	+13.2%	1,2 M €	+59.3%	734,8 k €	+22.0%	602,2 k €	-12.4%	687,2 k €	+21.3%	566,4 k €	+15.2%	491,5 k €	+23.9%	396,8 k €	+15.7%	343,1 k €
Cash	358,2 k €	-19.5%	445 k €	+122%	200,5 k €	+201%	66,5 k €	-44.8%	120,6 k €	+81.8%	66,3 k €	-41.0%	112,5 k €	+11.1%	101,2 k €	-34.2%	153,9 k €	+40.1%	109,8 k €	+19.2%	92,2 k €
Debts	769,6 k €	-12.0%	874,6 k €	+26.1%	693,6 k €	+2.5%	676,9 k €	+80.8%	374,3 k €	+23.1%	304,1 k €	-34.4%	463,3 k €	+34.2%	345,2 k €	+7.8%	320,1 k €	+15.5%	277,2 k €	+7.6%	257,6 k €
Other
Workforce	11,8 ETP	-5.6%	12,5 ETP	-6.0%	13,3 ETP	+9.9%	12,1 ETP	-2.4%	12,4 ETP	+9.7%	11,3 ETP	+25.6%	9,0 ETP	+181%	3,2 ETP		–		0,4 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 30/06/2025 · 2 active · 6 ended

Active mandates

Andries Froyman

Director

Active

Daphne Merlevede

Director

Active

Ended mandates

Daphne Merlevede

Administrator - manager · since 01 janvier 2020

Ended

Andries Froyman

Administrator - manager · since 22 novembre 2013

Ended

Andries Froyman

Manager · since 20 novembre 2013

Ended

Andries Froyman

Administrator - manager

Ended

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/12/2025	08/10/2024	06/12/2023	06/12/2022	03/12/2021	22/12/2020
General meeting	05/12/2025	30/09/2024	01/12/2023	02/12/2022	03/12/2021	04/12/2020
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

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	05/12/2025	08/12/2025	Dutch	PDF
Abridged model	30/06/2024	30/09/2024	08/10/2024	Dutch	PDF
Abridged model	30/06/2023	01/12/2023	06/12/2023	Dutch	PDF
Abridged model	30/06/2022	02/12/2022	06/12/2022	Dutch	PDF
Abridged model	30/06/2021	03/12/2021	03/12/2021	Dutch	PDF
Abridged model	30/06/2020	04/12/2020	22/12/2020	Dutch	PDF
Abridged model	30/06/2019	06/12/2019	11/12/2019	Dutch	PDF
Abridged model	30/06/2018	07/12/2018	19/12/2018	Dutch	PDF
Micro model	30/06/2017	01/12/2017	28/12/2017	Dutch	PDF
Abridged model	30/06/2016	02/12/2016	21/12/2016	Dutch	PDF
Abridged model	30/06/2015	04/12/2015	22/12/2015	Dutch	PDF

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 30/06/2025 · 2 active · 6 ended

Active mandates

Andries Froyman

Director

Active

Daphne Merlevede

Director

Active

Ended mandates

Daphne Merlevede

Administrator - manager · since 01 janvier 2020

Ended

Andries Froyman

Administrator - manager · since 22 novembre 2013

Ended

Andries Froyman

Manager · since 20 novembre 2013

Ended

Andries Froyman

Administrator - manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/02/2014
KAPITAAL - AANDELEN - DIVERSEN
PDF
Other04/12/2013
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025228,1 k €↓
2024
Annual accounts 2024349,1 k €↑
2023
Annual accounts 2023139,4 k €↑
2022
Annual accounts 2022100,2 k €↓
2021
Annual accounts 2021102,4 k €↑
2020
Annual accounts 202074,5 k €↑
2019
Annual accounts 20192 k €↓
2018
Annual accounts 201850,8 k €↓
2017
Annual accounts 201752 k €↑
2016
Annual accounts 201633,9 k €↓
2015
Annual accounts 201565,9 k €
22/11/2013
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

SANIFRO

Overview

What does SANIFRO do?

Trend over 11 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