Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 10.3 to 9.
Financials
Financial year 2024
SAN-E-MAT from Gembloux, company number BE0428849173, closed financial year 2024 with a result of € 344,890 after tax. For that financial year SAN-E-MAT recorded revenue of € 5.1 million and equity of € 1.5 million. Compared with financial year 2023, the result moved from € 438,975 to € 344,890. 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 October 29, 2025.
€ 1.5 million
▲ 2% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 344,890
▼ 21% vs 2023
Profit after tax over the fiscal year.
€ 351,709
▲ 26% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 315,600 paid out
92 % of the profit went to the shareholders, mostly to ARGAYON S.A. (100 % of the shares). That is where the money ends up.
People and assets in 2024
9
▼ 0.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 376,848
▲ 10% vs 2023
€ 41,900 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.
€ 29,882
▲ 31% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 150,000
▼ 40% vs 2023
Loans from banks and other lenders, long and short.
€ 145,417
▼ 57% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 50,726
▼ 9% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 4,841,987 | € 4,411,846 | € 4,387,137 | € 5,103,271 | ▲ 16% |
| Gross margin | € 1,156,541 | € 954,755 | € 934,151 | € 969,000 | ▲ 4% |
| Profit after taxes | € 550,931 | € 402,773 | € 438,975 | € 344,890 | ▼ 21% |
| Equity | € 1,351,259 | € 1,388,533 | € 1,436,008 | € 1,465,298 | ▲ 2% |
| Total debts | € 1,740,051 | € 1,724,629 | € 1,933,774 | € 1,772,381 | ▼ 8% |
| Cash | € 660,242 | € 681,807 | € 278,050 | € 351,709 | ▲ 26% |
| Land & buildings | € 1,090,429 | € 1,041,537 | € 992,644 | € 943,752 | ▼ 5% |
| Retained profit | € 1,271,259 | € 1,308,533 | € 1,356,008 | € 1,385,298 | ▲ 2% |
| Dividend | € 470,600 | € 365,500 | € 391,500 | € 315,600 | ▼ 19% |
| Bank debt | € 450,000 | € 350,000 | € 250,000 | € 150,000 | ▼ 40% |
| Balance sheet total | € 3,151,310 | € 3,173,162 | € 3,369,782 | € 3,237,679 | ▼ 4% |
| Employees (FTE) | 10.1 | 10.3 | 9.5 | 9 | ▼ 0.5 |
Key figures of SAN-E-MAT, 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 SAN-E-MAT?
What happened at SAN-E-MAT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Christian CATTELAIN stepped down as director. NBB
- Nathalie CATTELAIN stepped down as director. NBB
- ARGAYON S.A stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 344,890 (▼ 21% vs 2023). filed late Source: NBB ↗
- Christian CATTELAIN became a director. NBB
- Nathalie CATTELAIN became a director. NBB
- ARGAYON S.A became a director. NBB
- New establishment in Gembloux. KBO
In short
From € 550,931 profit in 2021 to € 344,890 profit in 2024.
Paid € 255,793 in corporate taxes since 2021.
Best year ever: 2021, with € 550,931 profit.
On average € 107,700 of value added per employee in 2024.
Management
The shares are held by ARGAYON S.A. (100%).
Directors
According to the 2024 annual accounts
Nathalie CATTELAIN
Director
Also active at: N.Y.C., SOCIETE DE DISTRIBUTION, D.G. & C°, CATTIMMO, BRICO BOIS, ARGAYON, DINA DISTRIBUTION NAMUR
since 2017 · until 2026
Managing director · represented by Yves CATTELAIN
Also active at: N.Y.C., SOCIETE DE DISTRIBUTION, D.G. & C°, CATTIMMO, BRICO BOIS, GRAHAM, DINA DISTRIBUTION NAMUR
since 2012 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée de Wavre 44A
5030 Gembloux
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.849.173
- VAT number
- BE 0428.849.173
- Registered office
- Chaussée de Wavre 44A, 5030 Gembloux
- Names & denominations
- SAN-E-MAT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 1986
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- [email protected]
- Activities · NACE
Groothandel in bouwmaterialen, algemeen assortiment
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Overige niet-gespecialiseerde detailhandel
Groothandel in ijzerwaren
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Overige niet-gespecialiseerde detailhandel in winkels (verkoop van overwegend niet-voedingsmiddelen met verkoopsoppervlakte van mind er dan 2.500 m2)
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen niet overheersen (verkoopoppervlakte < 2500 m²)