SAPIN is a wholesaler in Aywaille. Public Limited, started on 15 May 1986, 1 establishment.

What is the address of SAPIN?

The registered office of SAPIN is located at Rue de Lorcé 41, 4920 Aywaille.

Is SAPIN still active?

Yes. According to the CBE (30 October 2026) SAPIN is active, legal situation “Normale toestand”, started on 15 May 1986.

Is SAPIN registered on Peppol?

Yes, SAPIN is registered on the Peppol network with ID 0208:0428979530.

What is the enterprise number of SAPIN?

The enterprise number of SAPIN is BE0428979530.

When was SAPIN founded?

SAPIN was founded on 15 May 1986.

Who are the directors of SAPIN?

According to the 2025 annual accounts, the directors of SAPIN are: FML Holding SRL, Jan Sander Van Tuijl, Sjoerd Van Den Brink, Lodewijk Peters.

Is SAPIN a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 15 May 1986; 4 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did SAPIN make in 2025?

SAPIN posted a profit after taxes of € 1,088,962 in financial year 2025.

What is the revenue of SAPIN?

In its most recent annual accounts (2025), SAPIN reported revenue of € 28,950,170.

How much does an employee at SAPIN earn?

The average wage cost per full-time employee at SAPIN was € 70,100 in 2025: staff costs of € 553,926 for 7.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does SAPIN have?

According to the 2025 annual accounts, SAPIN has 7.9 full-time equivalents (FTE).

SAPIN (Public Limited) - Aywaille - BE0428979530

Dossier SAPIN, printed on 30 October 2026 from databakkes.be/en/0428979530/sapin. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 13.4 to 7.9.

Financials

Financial year 2025

SAPIN from Aywaille, company number BE0428979530, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year SAPIN recorded revenue of € 29 million and equity of € 3.1 million. Compared with financial year 2024, the result moved from € 666,544 to € 1.1 million. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.

What it is worth Healthy

€ 3.1 million

▼ 6% vs 2024

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

Profit Growing

€ 1.1 million

▲ 63% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2.2 million

▼ 3% vs 2024

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

Where the profit goes Pays out

€ 1.3 million paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

7.9

▼ 0.9 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: € 1.4 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 553,926

▼ 55% vs 2024

€ 70,100 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

€ 774,417

▲ 5% 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

€ 2.7 million

▲ 140% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 36 days on average.

Taxes and wages

€ 123,032

▼ 62% 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	€ 52,111,414 Revenue 2022: € 52,111,414 First fiscal year in the series	€ 35,132,965 Revenue 2023: € 35,132,965 ▼ 33% vs 2022 (€ 52,111,414) Unfavourable step	€ 34,111,333 Revenue 2024: € 34,111,333 ▼ 3% vs 2023 (€ 35,132,965) Unfavourable step	€ 28,950,170 Revenue 2025: € 28,950,170 ▼ 15% vs 2024 (€ 34,111,333) Unfavourable step	▼ 15%
Profit after taxes	€ 344,665 Profit after taxes 2022: € 344,665 First fiscal year in the series	€ 173,493 Profit after taxes 2023: € 173,493 ▼ 50% vs 2022 (€ 344,665) Unfavourable step	€ 666,544 Profit after taxes 2024: € 666,544 ▲ 284% vs 2023 (€ 173,493) Favourable step	€ 1,088,962 Profit after taxes 2025: € 1,088,962 ▲ 63% vs 2024 (€ 666,544) Favourable step	▲ 63%
Equity	€ 6,505,858 Equity 2022: € 6,505,858 First fiscal year in the series	€ 6,679,351 Equity 2023: € 6,679,351 ▲ 3% vs 2022 (€ 6,505,858) Favourable step	€ 3,245,895 Equity 2024: € 3,245,895 ▼ 51% vs 2023 (€ 6,679,351) Unfavourable step	€ 3,064,857 Equity 2025: € 3,064,857 ▼ 6% vs 2024 (€ 3,245,895) Unfavourable step	▼ 6%
Total debts	€ 8,096,167 Total debts 2022: € 8,096,167 First fiscal year in the series	€ 7,379,166 Total debts 2023: € 7,379,166 ▼ 9% vs 2022 (€ 8,096,167) Favourable step	€ 5,871,642 Total debts 2024: € 5,871,642 ▼ 20% vs 2023 (€ 7,379,166) Favourable step	€ 6,418,578 Total debts 2025: € 6,418,578 ▲ 9% vs 2024 (€ 5,871,642) Unfavourable step	▲ 9%
Cash	€ 1,854,983 Cash 2022: € 1,854,983 First fiscal year in the series	€ 2,490,727 Cash 2023: € 2,490,727 ▲ 34% vs 2022 (€ 1,854,983) Favourable step	€ 2,267,142 Cash 2024: € 2,267,142 ▼ 9% vs 2023 (€ 2,490,727) Unfavourable step	€ 2,206,318 Cash 2025: € 2,206,318 ▼ 3% vs 2024 (€ 2,267,142) Unfavourable step	▼ 3%
Retained profit	€ 6,103,031 Retained profit 2022: € 6,103,031 First fiscal year in the series	€ 6,276,524 Retained profit 2023: € 6,276,524 ▲ 3% vs 2022 (€ 6,103,031) Favourable step	€ 2,343,068 Retained profit 2024: € 2,343,068 ▼ 63% vs 2023 (€ 6,276,524) Unfavourable step	€ 2,162,030 Retained profit 2025: € 2,162,030 ▼ 8% vs 2024 (€ 2,343,068) Unfavourable step	▼ 8%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 4,600,000 Dividend 2024: € 4,600,000 Unchanged (€ 0) Unchanged	€ 1,270,000 Dividend 2025: € 1,270,000 ▼ 72% vs 2024 (€ 4,600,000) Unchanged	▼ 72%
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 58,470 Bank debt 2023: € 58,470 Unchanged (€ 0) Unfavourable step	€ 0 Bank debt 2024: € 0 ▼ 100% vs 2023 (€ 58,470) Favourable step	€ 0 Bank debt 2025: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 15,015,603 Balance sheet total 2022: € 15,015,603 First fiscal year in the series	€ 14,629,969 Balance sheet total 2023: € 14,629,969 ▼ 3% vs 2022 (€ 15,015,603) Unchanged	€ 9,378,775 Balance sheet total 2024: € 9,378,775 ▼ 36% vs 2023 (€ 14,629,969) Unchanged	€ 9,530,319 Balance sheet total 2025: € 9,530,319 ▲ 2% vs 2024 (€ 9,378,775) Unchanged	▲ 2%
Employees (FTE)	13.9 Employees (FTE) 2022: 13.9 First fiscal year in the series	13.4 Employees (FTE) 2023: 13.4 ▼ 0.5 vs 2022 (13.9) Unchanged	8.8 Employees (FTE) 2024: 8.8 ▼ 4.6 vs 2023 (13.4) Unchanged	7.9 Employees (FTE) 2025: 7.9 ▼ 0.9 vs 2024 (8.8) Unchanged	▼ 0.9

Key figures of SAPIN, 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 SAPIN?

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

2030 FML Holding SRL stepped down as director. NBB
2030 Jan Sander Van Tuijl stepped down as director. NBB
2030 Sjoerd Van Den Brink stepped down as director. NBB
2030 Lodewijk Peters stepped down as director. NBB
Jun 22, 2026 New annual accounts for financial year 2025: profit of € 1.1 million (▲ 63% vs 2024). Source: NBB ↗
2024 FML Holding SRL became a director. NBB
2024 Jan Sander Van Tuijl became a director. NBB
2024 Sjoerd Van Den Brink became a director. NBB

In short

From € 344,665 profit in 2022 to € 1.1 million profit in 2025.

Paid € 1.1 million in corporate taxes since 2022.

Best year ever: 2025, with € 1.1 million profit.

Paid out € 5.9 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2025 annual accounts

FML Holding SRL

Managing director · represented by Fabrice Mergeai

since 2024 · until 2030

Jan Sander Van Tuijl

Director

since 2024 · until 2030

Sjoerd Van Den Brink

Director

since 2024 · until 2030

Lodewijk Peters

Director

since 2024 · until 2030

Establishments

Establishment units

Physical locations of this company

Registered office

Rue de Lorcé 41

4920 Aywaille

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

Details

Company number

0428.979.530

VAT number

BE 0428.979.530

Registered office

Rue de Lorcé 41, 4920 Aywaille

Names & denominations

SAPIN

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

15 May 1986

Peppol

Active · Active since 13 Jan 2026

Activities · NACE

Groothandel in hout

Goederenvervoer over de weg

Exploitatie van bossen

Bosexploitatie

View on CBE Public ↗ Annual accounts (NBB) ↗

SAPIN

Warning lights

Financials

What happened to SAPIN?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions