ACTIVE

SANITARY GROUP

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Financial year 2025 · Closed on 30/09/2025

Net result42,8 M €+370,3 %over 1 year
Revenue41,3 M €+5,7 %over 1 year
Equity10 M €-32,5 %over 1 year
Workforce69,9 ETP+14,8 %over 1 year

Identity

Source · BCE/KBO

SANITARY GROUP is a Public limited company incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Gent. It employs on average 69,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0829.170.054
Incorporation
07/09/2010
Legal form
Public limited company
Registered office
Foreestelaan 80
9000 Gent · FlandreSee on map
Contributed capital
7 019 283,58 €
Latest accounts
30/09/2025
Average workforce
69,9 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 17 filings

Trend over 11 financial years

20252024202320222017
Income statement
Revenue41,3 M €39,1 M €34,9 M €32,2 M €2,1 M €
EBITDA10,6 M €10,9 M €7,8 M €4 M €257,3 k €
Operating result7,8 M €7,9 M €5,4 M €2,2 M €148,1 k €
Net result42,8 M €9,1 M €3,6 M €29,7 M €-104,1 k €
Balance sheet
Equity10 M €14,7 M €12,6 M €9 M €30,3 M €
Total assets109,3 M €118,4 M €115,5 M €114,4 M €55,4 M €
Cash1,9 M €1,1 M €3,5 M €3,8 M €30,9 k €
Debts99,2 M €103,5 M €101,5 M €104,1 M €25 M €
Other
Workforce69,9 ETP60,9 ETP67,0 ETP67,8 ETP14,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 21 ended

Active mandates

Blue Holdco

Managing director · since 13 décembre 2024 · 1011.763.052

Represented by Veerle Hoebrechs

Active
DMTS

Managing director · since 13 décembre 2024 · 1014.003.950

Represented by Peter Demets

Active

Ended mandates

EXSPECA

Director · since 26 septembre 2024 · until 26 septembre 2030 · 0860.131.266

Represented by Peter Demets

Ended
HUBRIS

Director · since 26 septembre 2024 · until 26 septembre 2030 · 0463.368.307

Represented by Veerle Hoebrechs

Ended
FORSITE

Director · since 21 décembre 2022 · until 11 février 2028 · 0540.742.039

Represented by Mario VAN GASSE

Ended
JORIS VAN TROOS

Director · since 21 décembre 2022 · until 11 février 2028

Ended

Other companies at this address

Foreestelaan 80 9000 Gent
CompanyCBE no.
Blue Holdco● Active
1011.763.052
LEGIO SALES BELGIUM● Active
0479.231.765
Safuco● Active
0665.901.139
Vereniging van mede-eigenaars forum gebouw A4 - NERO (met buitenparkeerplaatsen) te Gent, Foreestelaan 80● Active
0757.519.421
X²O ANTWERPEN & LIMBURG● Active
0733.853.401
X²O BRABANT● Active
0733.853.597
X²O Poolco● Active
1030.388.240
X²O WALLONIE● Active
0867.099.727
X²O WEST- EN OOST-VLAANDEREN● Active
0627.861.895

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/01/202613/01/202515/01/202413/01/202311/01/202208/02/2021
General meeting22/01/202613/12/202419/12/202321/12/202216/12/202128/01/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 17 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/202522/01/202627/01/2026DutchPDF
Full model30/09/202413/12/202413/01/2025DutchPDF
Consolidated accounts30/09/202413/12/202413/01/2025DutchPDF
Full model30/09/202319/12/202315/01/2024DutchPDF
Full model30/09/202221/12/202213/01/2023DutchPDF
Full model30/09/202116/12/202111/01/2022DutchPDF
Full model30/09/202028/01/202108/02/2021DutchPDF
Full model30/09/201914/02/202003/03/2020DutchPDF
Full model30/09/201801/03/201920/03/2019DutchPDF
Full model30/09/201709/02/201809/03/2018DutchPDF
Full model30/09/201610/02/201706/03/2017DutchPDF
Full model30/09/201512/02/201609/03/2016DutchPDF
Full model30/09/201413/02/201509/03/2015DutchPDF
Full modelCorrection30/09/201314/02/201412/06/2014DutchPDF
Full model30/09/201314/02/201407/03/2014DutchPDF
Full model30/09/201207/03/201321/03/2013DutchPDF
Full model30/09/201124/01/201226/01/2012DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 21 ended

Active mandates

Blue Holdco

Managing director · since 13 décembre 2024 · 1011.763.052

Represented by Veerle Hoebrechs

Active
DMTS

Managing director · since 13 décembre 2024 · 1014.003.950

Represented by Peter Demets

Active

Ended mandates

EXSPECA

Director · since 26 septembre 2024 · until 26 septembre 2030 · 0860.131.266

Represented by Peter Demets

Ended
HUBRIS

Director · since 26 septembre 2024 · until 26 septembre 2030 · 0463.368.307

Represented by Veerle Hoebrechs

Ended
FORSITE

Director · since 21 décembre 2022 · until 11 février 2028 · 0540.742.039

Represented by Mario VAN GASSE

Ended
JORIS VAN TROOS

Director · since 21 décembre 2022 · until 11 février 2028

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates08/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other17/10/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates21/05/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring24/02/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates22/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/11/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/06/2021
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202542,8 M €↑
  2. 13/12/2024
    nominationDMTS BV — bestuurder
  3. 13/12/2024
    nominationBlue Holdco BV — bestuurder
  4. 13/12/2024
    nominationEY Bedrijfsrevisoren BV — commissaris
  5. 2024
    Annual accounts 20249,1 M €↑
  6. 26/09/2024
    nominationHubris BV — bestuurder
  7. 26/09/2024
    nominationExspeca BV — bestuurder
  8. 19/12/2023
    nominationMario Van Gasse BV — bestuurder
  9. 2023
    Annual accounts 20233,6 M €↓
  10. 21/12/2022
    reconductionSAFUCO NV — bestuurder
  11. 21/12/2022
    reconductionFORSITE BV — bestuurder
  12. 21/12/2022
    reconductionMichiel Deturck — bestuurder
  13. 21/12/2022
    reconductionJoris Van Troos — bestuurder
  14. 2022
    Annual accounts 202229,7 M €↑
  15. 16/12/2021
    nominationErnst & Young Bedrijfsrevisoren BV — commissaris
  16. 2017
    Annual accounts 2017-104,1 k €↓
  17. 2016
    Annual accounts 2016165 k €↑
  18. 2015
    Annual accounts 201532,1 k €↓
  19. 2014
    Annual accounts 20145,1 M €↓
  20. 2013
    Annual accounts 20135,3 M €↑
  21. 2012
    Annual accounts 201297,5 k €↑
  22. 2011
    Annual accounts 2011-351,8 k €
  23. 07/09/2010
    IncorporationPublic limited company