Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Shrinking team NBB
FTE fell two years in a row, from 162.2 to 145.5.
Financials
Financial year 2024
SANTENS GROEP from Gent, company number BE0419937447, closed financial year 2024 with a result of € -1.5 million after tax. For that financial year SANTENS GROEP recorded revenue of € 46.2 million and equity of € 3.5 million. Compared with financial year 2023, the result moved from € -1.8 million to € -1.5 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 28, 2025.
€ 3.5 million
▼ 30% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▲ 14 % less loss than in 2023
Profit after tax over the fiscal year.
€ 839,863
▲ 31% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.8 million.
People and assets in 2024
145.5
▼ 6.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 9.6 million
▲ 1% vs 2023
€ 66,300 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.
€ 428,544
▲ 17% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 10.8 million
▲ 102% vs 2023
€ 10,438 is repaid this year. At this pace the long-term loan is gone in ≈ 437 years.
€ 3.7 million
▲ 1% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 35 days on average.
€ 1.6 million
▲ 2% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 48,431,235 | € 49,394,800 | € 47,459,168 | € 46,156,002 | ▼ 3% |
| Profit after taxes | € 325,233 | € 125,320 | € -1,750,614 | € -1,505,040 | ▲ € 245,574 |
| Equity | € 6,582,235 | € 6,707,555 | € 4,956,940 | € 3,451,900 | ▼ 30% |
| Total debts | € 15,882,256 | € 17,081,771 | € 14,588,780 | € 16,430,388 | ▲ 13% |
| Cash | € 485,592 | € 1,014,118 | € 643,140 | € 839,863 | ▲ 31% |
| Land & buildings | € 80,122 | € 64,220 | € 59,753 | € 52,281 | ▼ 13% |
| Retained profit | € 5,955,854 | € 6,081,174 | € 4,330,560 | € 2,825,520 | ▼ 35% |
| Bank debt | € 6,620,333 | € 7,019,143 | € 5,340,000 | € 10,808,110 | ▲ 102% |
| Balance sheet total | € 22,464,490 | € 23,789,326 | € 19,604,239 | € 19,919,546 | ▲ 2% |
| Employees (FTE) | 176.2 | 162.2 | 151.7 | 145.5 | ▼ 6.2 |
Key figures of SANTENS GROEP, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to SANTENS GROEP?
What happened at SANTENS GROEP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Noël Vande Walle stepped down as director. NBB
- Santens Holding BV stepped down as director. NBB
- Gaëtane Santens stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 1.5 million. filed late Source: NBB ↗
- New establishment in Herentals. KBO
- New establishment in Merelbeke-Melle. KBO
- New establishment in Gent. KBO
- New establishment in Sint-Niklaas. KBO
In short
From € 325,233 profit in 2021 to € 1.5 million loss in 2024.
Paid € 33,884 in corporate taxes since 2021.
Best year ever: 2021, with € 325,233 profit.
Pays suppliers within 35 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Santens Holding BV (95%), Vandes BV (2.5%), Noël Vande Walle (2.5%), Gaëtane Santens and Gunter Santens.
Directors
According to the 2024 annual accounts
Director · represented by Santens GÜNTER
Also active at: SANTENS LOGISTICS, IMMO SANTENS METAALWAREN, RADETEC, SANTENS IMMO, NIEUW ARBED, Immo SDJ
· until 2026
· until 2027
Gaëtane Santens
Director
Is a shareholder · Owns 47.5% via Santens Holding BV
Also active at: GENERAL TRADE AND TRUST LIMITED, IMMO SANTENS METAALWAREN, SANTENS HOLDING, NIEUW ARBED, Immo SDJ
· until 2026
Shareholders
Santens Holding BV · holding of Gaëtane Santens
95%
2.5%
Noël Vande Walle · director
2.5%
Gaëtane Santens · director
Gunter Santens
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Nijverheidskaai 3
9040 Gent
Dirk Martensstraat 18
8200 Brugge
Active since 1 January 2015
Gentse Baan 64
9100 Sint-Niklaas
Active since 1 August 2015
Gentbruggestraat 175
9040 Gent
Active since 16 October 2015
Geelseweg(HRT) 9A
2200 Herentals
Active since 12 April 2019
Fraterstraat 115
9820 Merelbeke-Melle
Active since 12 April 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Boxing Woest vzw
SANTENS LOGISTICS same network
€ 655,034 gross margin · 2025
IMMO SANTENS METAALWAREN same network
€ 231,545 gross margin · 2025
Grand Départ
€ 249,066 gross margin · 2025
Boxing Woest Projects
€ 143,966 gross margin · 2024
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0419.937.447
- VAT number
- BE 0419.937.447
- Registered office
- Nijverheidskaai 3, 9040 Gent
- Names & denominations
- SANTENS GROEP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 December 1979
- Peppol
- Active · Active since 1 Jul 2026
- Activities · NACE
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