What does SPIRAX - SARCO do?

SPIRAX - SARCO is a wholesaler in Gent. Public Limited, started on 24 July 1952, 1 establishment.

What is the address of SPIRAX - SARCO?

The registered office of SPIRAX - SARCO is located at Industriepark-Zwijnaarde 5, 9052 Gent.

Is SPIRAX - SARCO still active?

Yes. According to the CBE (30 October 2026) SPIRAX - SARCO is active, legal situation “Normale toestand”, started on 24 July 1952.

Is SPIRAX - SARCO registered on Peppol?

Yes, SPIRAX - SARCO is registered on the Peppol network with ID 0208:0400104610.

What is the enterprise number of SPIRAX - SARCO?

The enterprise number of SPIRAX - SARCO is BE0400104610.

When was SPIRAX - SARCO founded?

SPIRAX - SARCO was founded on 24 July 1952.

Who are the directors of SPIRAX - SARCO?

According to the 2025 annual accounts, the directors of SPIRAX - SARCO are: Mai Mollekaer, Daniel Keating, Jamal Saouti.

Is SPIRAX - SARCO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 24 July 1952; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did SPIRAX - SARCO make in 2025?

SPIRAX - SARCO posted a profit after taxes of € 2,518,423 in financial year 2025.

What is the revenue of SPIRAX - SARCO?

In its most recent annual accounts (2025), SPIRAX - SARCO reported revenue of € 18,857,287.

How much does an employee at SPIRAX - SARCO earn?

The average wage cost per full-time employee at SPIRAX - SARCO was € 93,900 in 2025: staff costs of € 4.5 million for 48.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does SPIRAX - SARCO have?

According to the 2025 annual accounts, SPIRAX - SARCO has 48.3 full-time equivalents (FTE).

SPIRAX - SARCO (Public Limited) - Gent - BE0400104610

Dossier SPIRAX - SARCO, printed on 30 October 2026 from databakkes.be/en/0400104610/spirax-sarco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

SPIRAX - SARCO from Gent, company number BE0400104610, closed financial year 2025 with a result of € 2.5 million after tax. For that financial year SPIRAX - SARCO recorded revenue of € 18.9 million and equity of € 4.8 million. Compared with financial year 2024, the result moved from € 3 million to € 2.5 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.

What it is worth Growing

€ 4.8 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 2.5 million

▼ 15% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.2 million

▲ 43% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 2.5 million paid out

99 % of the profit went to the shareholders, mostly to Spirax Sarco Netherlands Cooperatieve WA (99 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

48.3

▼ 0.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 3 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 4.5 million

▼ 7% vs 2024

€ 93,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 40,120

▼ 15% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 1.5 million

▲ 30% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 44 days on average.

Taxes and wages

€ 1 million

▼ 29% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 17,906,548 Revenue 2022: € 17,906,548 First fiscal year in the series	€ 18,417,085 Revenue 2023: € 18,417,085 ▲ 3% vs 2022 (€ 17,906,548) Favourable step	€ 20,665,669 Revenue 2024: € 20,665,669 ▲ 12% vs 2023 (€ 18,417,085) Favourable step	€ 18,857,287 Revenue 2025: € 18,857,287 ▼ 9% vs 2024 (€ 20,665,669) Unfavourable step	▼ 9%
Profit after taxes	€ 2,606,310 Profit after taxes 2022: € 2,606,310 First fiscal year in the series	€ 2,360,986 Profit after taxes 2023: € 2,360,986 ▼ 9% vs 2022 (€ 2,606,310) Unfavourable step	€ 2,963,868 Profit after taxes 2024: € 2,963,868 ▲ 26% vs 2023 (€ 2,360,986) Favourable step	€ 2,518,423 Profit after taxes 2025: € 2,518,423 ▼ 15% vs 2024 (€ 2,963,868) Unfavourable step	▼ 15%
Equity	€ 3,982,083 Equity 2022: € 3,982,083 First fiscal year in the series	€ 4,343,040 Equity 2023: € 4,343,040 ▲ 9% vs 2022 (€ 3,982,083) Favourable step	€ 4,806,908 Equity 2024: € 4,806,908 ▲ 11% vs 2023 (€ 4,343,040) Favourable step	€ 4,825,332 Equity 2025: € 4,825,332 Unchanged (€ 4,806,908) Favourable step
Total debts	€ 7,170,231 Total debts 2022: € 7,170,231 First fiscal year in the series	€ 4,823,764 Total debts 2023: € 4,823,764 ▼ 33% vs 2022 (€ 7,170,231) Favourable step	€ 5,194,039 Total debts 2024: € 5,194,039 ▲ 8% vs 2023 (€ 4,823,764) Unfavourable step	€ 5,131,205 Total debts 2025: € 5,131,205 ▼ 1% vs 2024 (€ 5,194,039) Favourable step	▼ 1%
Cash	€ 2,328,189 Cash 2022: € 2,328,189 First fiscal year in the series	€ 1,447,989 Cash 2023: € 1,447,989 ▼ 38% vs 2022 (€ 2,328,189) Unfavourable step	€ 843,290 Cash 2024: € 843,290 ▼ 42% vs 2023 (€ 1,447,989) Unfavourable step	€ 1,202,900 Cash 2025: € 1,202,900 ▲ 43% vs 2024 (€ 843,290) Favourable step	▲ 43%
Land & buildings	€ 2,877,887 Land & buildings 2022: € 2,877,887 First fiscal year in the series	€ 2,775,232 Land & buildings 2023: € 2,775,232 ▼ 4% vs 2022 (€ 2,877,887) Unchanged	€ 2,693,508 Land & buildings 2024: € 2,693,508 ▼ 3% vs 2023 (€ 2,775,232) Unchanged	€ 2,823,047 Land & buildings 2025: € 2,823,047 ▲ 5% vs 2024 (€ 2,693,508) Unchanged	▲ 5%
Retained profit	€ 3,077,517 Retained profit 2022: € 3,077,517 First fiscal year in the series	€ 3,438,504 Retained profit 2023: € 3,438,504 ▲ 12% vs 2022 (€ 3,077,517) Favourable step	€ 3,902,372 Retained profit 2024: € 3,902,372 ▲ 13% vs 2023 (€ 3,438,504) Favourable step	€ 3,920,795 Retained profit 2025: € 3,920,795 Unchanged (€ 3,902,372) Favourable step
Dividend	€ 2,000,000 Dividend 2022: € 2,000,000 First fiscal year in the series	€ 2,000,000 Dividend 2023: € 2,000,000 Unchanged (€ 2,000,000) Unchanged	€ 2,500,000 Dividend 2024: € 2,500,000 ▲ 25% vs 2023 (€ 2,000,000) Unchanged	€ 2,500,000 Dividend 2025: € 2,500,000 Unchanged (€ 2,500,000) Unchanged
Bank debt	€ 2,158,298 Bank debt 2022: € 2,158,298 First fiscal year in the series	€ 561,128 Bank debt 2023: € 561,128 ▼ 74% vs 2022 (€ 2,158,298) Favourable step	€ 36,669 Bank debt 2024: € 36,669 ▼ 93% vs 2023 (€ 561,128) Favourable step	€ 0 Bank debt 2025: € 0 ▼ 100% vs 2024 (€ 36,669) Favourable step	▼ 100%
Balance sheet total	€ 11,152,327 Balance sheet total 2022: € 11,152,327 First fiscal year in the series	€ 9,166,804 Balance sheet total 2023: € 9,166,804 ▼ 18% vs 2022 (€ 11,152,327) Unchanged	€ 10,000,947 Balance sheet total 2024: € 10,000,947 ▲ 9% vs 2023 (€ 9,166,804) Unchanged	€ 9,956,537 Balance sheet total 2025: € 9,956,537 Unchanged (€ 10,000,947) Unchanged
Employees (FTE)	46.4 Employees (FTE) 2022: 46.4 First fiscal year in the series	45.9 Employees (FTE) 2023: 45.9 ▼ 0.5 vs 2022 (46.4) Unchanged	48.5 Employees (FTE) 2024: 48.5 ▲ 2.6 vs 2023 (45.9) Unchanged	48.3 Employees (FTE) 2025: 48.3 ▼ 0.2 vs 2024 (48.5) Unchanged	▼ 0.2

Key figures of SPIRAX - SARCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to SPIRAX - SARCO?

What happened at SPIRAX - SARCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 8, 2026 New annual accounts for financial year 2025: profit of € 2.5 million (▼ 15% vs 2024). Source: NBB ↗
2026 Mai Mollekaer stepped down as director. NBB
2026 Daniel Keating stepped down as director. NBB
2026 Jamal Saouti stepped down as director. NBB
2025 Mai Mollekaer became a director. NBB
2025 Daniel Keating became a director. NBB
2025 Jamal Saouti became a director. NBB
Sep 1, 1952 New establishment in Gent. KBO

In short

From € 2.6 million profit in 2022 to € 2.5 million profit in 2025.

Paid € 3.7 million in corporate taxes since 2022.

Best year ever: 2024, with € 3 million profit.

Paid out € 9 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Spirax Sarco Netherlands Cooperatieve WA 98.9%

Spirax Sarco SA 1.1%

SPIRAX - SARCO

The shares are held by Spirax Sarco Netherlands Cooperatieve WA (98.9%) and Spirax Sarco SA (1.1%).

Directors

According to the 2025 annual accounts

Mai Mollekaer

Director

since 2025 · until 2026

Daniel Keating

Director

since 2025 · until 2026

Jamal Saouti

Managing director

since 2025 · until 2026

Shareholders

Spirax Sarco Netherlands Cooperatieve WA

98.9%

Spirax Sarco SA

1.1%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Industriepark-Zwijnaarde 5

9052 Gent

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

WATSON - MARLOW

€ 3.5 million gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0400.104.610

VAT number

BE 0400.104.610

Registered office

Industriepark-Zwijnaarde 5, 9052 Gent

Names & denominations

SPIRAX - SARCO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

24 July 1952

Peppol

Active · Active since 20 Nov 2020

Activities · NACE

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View on CBE Public ↗ Annual accounts (NBB) ↗

SPIRAX - SARCO

Financials

What happened to SPIRAX - SARCO?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions