Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Sast from Antwerpen, company number BE0404273927, closed financial year 2025 with a result of € -25,509 after tax. For that financial year Sast recorded a gross margin of € 72,382 and equity of € -29,363. Compared with financial year 2024, the result moved from € 165,616 to € -25,509. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 10, 2026.
€ -29,363
▼ € 25,509 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -25,509
▼ still € 165,616 profit in 2024
Profit after tax over the fiscal year.
€ 64,824
▲ € 60,773 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -159,834.
Debts at end 2025
€ 997,505
▼ 1% vs 2024
€ 63,103 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 4,407
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 94,811 | € 137,288 | € 290,973 | € 72,382 | ▼ 75% |
| Profit after taxes | € -71,927 | € -4,620 | € 165,616 | € -25,509 | ▼ € 191,125 |
| Equity | € -164,850 | € -169,470 | € -3,854 | € -29,363 | ▼ € 25,509 |
| Total debts | € 2,178,029 | € 2,463,983 | € 1,449,903 | € 1,426,333 | ▼ 2% |
| Cash | € 30,995 | € 7,295 | € 4,051 | € 64,824 | ▲ € 60,773 |
| Land & buildings | € 1,858,510 | € 2,281,747 | € 1,382,296 | € 1,331,463 | ▼ 4% |
| Retained profit | € -295,321 | € -299,941 | € -134,325 | € -159,834 | ▼ € 25,509 |
| Bank debt | € 1,170,784 | € 1,452,010 | € 1,008,134 | € 997,505 | ▼ 1% |
| Balance sheet total | € 2,013,179 | € 2,294,513 | € 1,446,049 | € 1,396,970 | ▼ 3% |
Key figures of Sast, 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 Sast?
What happened at Sast in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Valentine Gretchman stepped down as director. NBB
- Serguei Grtetchman stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 25,509 (▼ € 191,125 vs 2024). Source: NBB ↗
- Valentine Gretchman became a director. NBB
- Serguei Grtetchman became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Antwerpen. KBO
In short
From € 71,927 loss in 2022 to € 25,509 loss in 2025.
Best year ever: 2024, with € 165,616 profit.
Management
Directors
According to the 2025 annual accounts
Valentine Gretchman
Director
since 2020 · until 2028
Serguei Grtetchman
Director
since 2020 · until 2028
Establishments
Establishment units
Physical locations of this company
Kardinaal Mercierlei 94
2600 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0404.273.927
- VAT number
- BE 0404.273.927
- Registered office
- Kardinaal Mercierlei 94, 2600 Antwerpen
- Names & denominations
- Sast
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1937
- Peppol
- Active · Active since 3 Dec 2024