ACTIVE

EXSAN

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Financial year 2025 · closed on 31/03/2025

Net result

49,5 k €

+452.8% YoY

Revenue

19,9 M €

Equity

953,4 k €

+5.5% YoY

Workforce

12,0 ETP

-13.7% YoY

What does EXSAN do?

EXSAN is a Public limited company incorporated in 2004. Its registered office is in Brecht. It employs on average 12,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.987.780

Incorporation

30/08/2004

Legal form

Public limited company

Registered office

Zagerijstraat 17
2960 Brecht · FlandreSee on map

Contributed capital

62 500,00 €

Latest accounts

31/03/2025

Average workforce

12,0 ETP

Joint committees (1)

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		2009		2008		2007		2006
Income statement
Revenue	19,9 M €		–		–		29,2 M €	+18.6%	24,6 M €	+15.0%	21,4 M €	+9.3%	19,6 M €	+10.2%	17,8 M €		–		17 M €	+12.4%	15,2 M €		–		12,3 M €	-18.2%	15,1 M €	+34.3%	11,2 M €	+63.6%	6,9 M €	-29.2%	9,7 M €	+81.3%	5,4 M €	+88.1%	2,8 M €
EBITDA	265,2 k €	+60.1%	165,6 k €	+162%	-268,7 k €	-1284%	-19,4 k €	-104%	452 k €	+147%	183,1 k €	-36.8%	289,8 k €	-40.1%	483,7 k €	+363%	104,5 k €	-67.6%	322,1 k €	+28.0%	251,7 k €	-8.0%	273,4 k €	+46.3%	186,9 k €	+57.0%	119 k €	+38.0%	86,2 k €	-16.1%	102,8 k €	+37.2%	75 k €	+8.1%	69,3 k €	+5.6%	65,7 k €
Operating result	212,8 k €	+28.5%	165,6 k €	-7.2%	178,5 k €	+64.1%	108,8 k €	-64.0%	302,2 k €	+3.7%	291,3 k €	+0.8%	288,9 k €	-0.7%	291 k €	+426%	55,3 k €	-78.1%	252,6 k €	+12.9%	223,8 k €	+14.3%	195,8 k €	+55.6%	125,8 k €	+8.3%	116,2 k €	+40.5%	82,7 k €	-19.3%	102,5 k €	+39.9%	73,3 k €	+8.7%	67,4 k €	+5.3%	64 k €
Net result	49,5 k €	+453%	9 k €	-75.6%	36,6 k €	+9.4%	33,5 k €	-82.7%	193,3 k €	+21.5%	159 k €	-13.7%	184,2 k €	+52.2%	121,1 k €	+1601%	7,1 k €	+60.2%	4,4 k €	-96.6%	129,3 k €	+18.0%	109,5 k €	+9.7%	99,8 k €	+62.3%	61,5 k €	+54.0%	39,9 k €	-31.2%	58 k €	+42.1%	40,8 k €	+26.9%	32,2 k €	-12.9%	37 k €
Balance sheet
Equity	953,4 k €	+5.5%	903,9 k €	+1.0%	894,9 k €	+4.3%	858,3 k €	+4.1%	824,8 k €	+0.7%	819 k €	+24.1%	660 k €	+38.7%	475,7 k €	+34.1%	354,7 k €	+2.0%	347,5 k €	+1.3%	343,1 k €	+60.4%	213,8 k €	-47.1%	404,3 k €	+32.8%	304,5 k €	+25.3%	243 k €	+19.7%	203,1 k €	+40.0%	145,1 k €	+39.2%	104,2 k €	+44.7%	72,1 k €
Total assets	2,8 M €	-9.8%	3,1 M €	-12.3%	3,5 M €	-36.0%	5,5 M €	+4.5%	5,3 M €	+48.3%	3,6 M €	+20.2%	3 M €	+5.4%	2,8 M €	+5.0%	2,7 M €	-1.3%	2,7 M €	+15.8%	2,3 M €	-30.6%	3,4 M €	+21.2%	2,8 M €	+6.1%	2,6 M €	+30.8%	2 M €	+55.2%	1,3 M €	-15.1%	1,5 M €	+12.7%	1,4 M €	+162%	515,5 k €
Cash	119,7 k €	-6.8%	128,3 k €	+66.3%	77,2 k €	+79.3%	43 k €	-60.3%	108,3 k €	-45.0%	196,8 k €	+62.6%	121,1 k €	-44.9%	219,5 k €	+14.3%	192,1 k €	+36.5%	140,7 k €	-60.0%	351,8 k €	+388%	72 k €	+203%	23,8 k €	-93.7%	379,4 k €	+1342%	26,3 k €	-83.8%	162,5 k €	+3099%	5,1 k €	-95.7%	118,3 k €	+904%	11,8 k €
Debts	1,8 M €	-16.1%	2,2 M €	-16.8%	2,6 M €	-43.4%	4,7 M €	+7.0%	4,4 M €	+71.3%	2,5 M €	+26.7%	2 M €	-1.6%	2 M €	+11.9%	1,8 M €	-15.8%	2,2 M €	+8.3%	2 M €	-36.8%	3,2 M €	+32.8%	2,4 M €	+2.6%	2,3 M €	+31.5%	1,8 M €	+61.8%	1,1 M €	-20.9%	1,4 M €	+10.5%	1,2 M €	+182%	443,4 k €
Other
Workforce	12,0 ETP	-13.7%	13,9 ETP	+2.2%	13,6 ETP	-25.7%	18,3 ETP	+29.8%	14,1 ETP	+1.4%	13,9 ETP	-4.1%	14,5 ETP	-4.0%	15,1 ETP	-1.3%	15,3 ETP	+1.3%	15,1 ETP	+55.7%	9,7 ETP	+19.8%	8,1 ETP	-2.4%	8,3 ETP	+62.7%	5,1 ETP	+34.2%	3,8 ETP	+8.6%	3,5 ETP	-27.1%	4,8 ETP	+11.6%	4,3 ETP	+13.2%	3,8 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 31/03/2025 · 2 active · 19 ended

Active mandates

Alexandra VAN DEN BERG

Managing director · since 26 août 2024 · until 05 septembre 2030

Active

Wilfried WELLENS

Director · since 26 août 2024 · until 05 septembre 2030

Active

Ended mandates

Alexandra VAN DEN BERG

Managing director · since 01 septembre 2022 · until 01 septembre 2028

Ended

Frank PAUWELS

Managing director · since 01 septembre 2022 · until 07 juin 2023

Ended

Frank PAUWELS

Managing director · since 01 septembre 2022 · until 01 septembre 2028

Ended

Sanne VAN ASCH

Director · since 01 septembre 2022 · until 07 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
EXSAN AIR● Active	0455.078.072
IMMO-EVY● Active	0478.341.741
IMMOJULY● Active	0471.443.754
IMMOSANY● Active	0460.905.891
SANY GROUP● Active	0644.547.578
SANY LOGISTICS● Active	0461.895.984
SANYRENT● Active	0460.317.260
SANYTRANS● Active	0442.961.386

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	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/10/2025	23/10/2024	28/09/2023	28/09/2022	13/10/2021	30/10/2020
General meeting	04/09/2025	05/09/2024	07/09/2023	01/09/2022	02/09/2021	03/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	04/09/2025	31/10/2025	Dutch	PDF
Abridged model	31/03/2024	05/09/2024	23/10/2024	Dutch	PDF
Abridged model	31/03/2023	07/09/2023	28/09/2023	Dutch	PDF
Abridged model	31/03/2022	01/09/2022	28/09/2022	Dutch	PDF
Abridged model	31/03/2021	02/09/2021	13/10/2021	Dutch	PDF
Abridged model	31/03/2020	03/09/2020	30/10/2020	Dutch	PDF
Abridged model	31/03/2019	05/09/2019	29/10/2019	Dutch	PDF
Abridged model	31/03/2018	06/09/2018	09/10/2018	Dutch	PDF
Abridged model	31/03/2017	07/09/2017	25/09/2017	Dutch	PDF
Abridged model	31/03/2016	01/09/2016	23/09/2016	Dutch	PDF
Abridged model	31/03/2015	03/09/2015	22/09/2015	Dutch	PDF
Abridged model	31/03/2014	04/09/2014	29/09/2014	Dutch	PDF
Abridged model	31/03/2013	05/09/2013	11/10/2013	Dutch	PDF
Abridged model	31/03/2012	06/09/2012	07/09/2012	Dutch	PDF
Abridged model	31/03/2011	08/09/2011	28/09/2011	Dutch	PDF
Abridged model	31/12/2009	03/06/2010	24/08/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	21/08/2009	Dutch	PDF
Abridged model	31/12/2007	05/06/2008	29/07/2008	Dutch	PDF
Abridged model	31/12/2006	07/06/2007	07/08/2007	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 31/03/2025 · 2 active · 19 ended

Active mandates

Alexandra VAN DEN BERG

Managing director · since 26 août 2024 · until 05 septembre 2030

Active

Wilfried WELLENS

Director · since 26 août 2024 · until 05 septembre 2030

Active

Ended mandates

Alexandra VAN DEN BERG

Managing director · since 01 septembre 2022 · until 01 septembre 2028

Ended

Frank PAUWELS

Managing director · since 01 septembre 2022 · until 07 juin 2023

Ended

Frank PAUWELS

Managing director · since 01 septembre 2022 · until 01 septembre 2028

Ended

Sanne VAN ASCH

Director · since 01 septembre 2022 · until 07 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/04/2015
ONTSLAGEN - BENOEMINGEN
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 202549,5 k €↑
2024
Annual accounts 20249 k €↓
2023
Annual accounts 202336,6 k €↑
2022
Annual accounts 202233,5 k €↓
2021
Annual accounts 2021193,3 k €↑
2020
Annual accounts 2020159 k €↓
2019
Annual accounts 2019184,2 k €↑
2018
Annual accounts 2018121,1 k €↑
2017
Annual accounts 20177,1 k €↑
2016
Annual accounts 20164,4 k €↓
2015
Annual accounts 2015129,3 k €↑
2014
Annual accounts 2014109,5 k €↑
2013
Annual accounts 201399,8 k €↑
2012
Annual accounts 201261,5 k €↑
2011
Annual accounts 201139,9 k €↓
2009
Annual accounts 200958 k €↑
2008
Annual accounts 200840,8 k €↑
2007
Annual accounts 200732,2 k €↓
2006
Annual accounts 200637 k €
30/08/2004
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

EXSAN

Overview

What does EXSAN 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