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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
58 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SAX SANITAIR from Herentals, company number BE0440178179, closed financial year 2025 with a result of € -9.8 million after tax. For that financial year SAX SANITAIR recorded revenue of € 138 million and equity of € 34.6 million. Compared with financial year 2024, the result moved from € -10.8 million to € -9.8 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 June 22, 2026.
€ 34.6 million
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9.8 million
▲ 9 % less loss than in 2024
Profit after tax over the fiscal year.
€ 29,443
▲ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.8 million.
People and assets in 2025
256.7
▼ 4.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 21.8 million
▲ 1% vs 2024
€ 84,800 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.
€ 551,299
▼ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 95.3 million
Loans from banks and other lenders, long and short.
€ 5.1 million
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 15 days on average.
€ 4.5 million
▲ 42% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 155,815,067 | € 136,580,448 | € 132,320,915 | € 137,984,180 | ▲ 4% |
| Profit after taxes | € -10,228,455 | € -11,978,018 | € -10,809,427 | € -9,846,770 | ▲ € 962,658 |
| Equity | € 32,166,121 | € 20,188,103 | € 44,462,796 | € 34,616,026 | ▼ 22% |
| Total debts | € 140,290,334 | € 136,213,507 | € 104,578,374 | € 105,212,966 | ▲ 1% |
| Cash | € 20,110 | € 28,731 | € 15,838 | € 29,443 | ▲ 86% |
| Land & buildings | € 605,281 | € 562,287 | € 519,293 | € 475,602 | ▼ 8% |
| Retained profit | € 26,848,084 | € 14,870,067 | € 4,060,639 | € -5,786,130 | ▼ € 9.8 million |
| Bank debt | € 123,990,073 | € 126,682,613 | € 94,810,800 | € 95,272,119 | |
| Balance sheet total | € 172,826,672 | € 156,856,328 | € 149,337,265 | € 139,963,928 | ▼ 6% |
| Employees (FTE) | 301.5 | 270.9 | 261 | 256.7 | ▼ 4.3 |
Key figures of SAX SANITAIR, 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 SAX SANITAIR?
What happened at SAX SANITAIR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Glenn Bruyninckx stepped down as director. NBB
- Fabian Koppert stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 9.8 million. Source: NBB ↗
- Frans Hartong stepped down as director. NBB
- Fabian Koppert became a director. NBB
- Glenn Bruyninckx became a director. NBB
- Christoph Makelberge stepped down as director. NBB
- Jan Masselis stepped down as director. NBB
In short
From € 10.2 million loss in 2022 to € 9.8 million loss in 2025.
Paid € 300,950 in corporate taxes since 2022.
Pays suppliers within 15 days on average.
Management
The shares are held by BME Group Holding (100%). It owns 100% of Schrauwen Sanitair & Verwarming NV, 100% of Lambrechts NV, 100% of Induscabel Sanitaire & Techniques SA, 100% of Jeca BV and 84.4% of BMB Bouwmaterialen BV itself.
Directors
According to the 2025 annual accounts
since 2022 · until 2026
since 2019 · until 2025
since 2026 · until 2032
since 2025 · until 2026
since 2026 · until 2032
Shareholders
BME Group Holding
100%
Participations
Establishments
Establishment units
Physical locations of this company
Atealaan(HRT) 34 box B
2200 Herentals
Autostradeweg 3
9090 Merelbeke-Melle
Active since 18 April 1990
Archimedesstraat 5
8400 Oostende
Active since 1 January 1993
President Kennedylaan 13 box A
8870 Izegem
Active since 1 January 1993
Dehemlaan 6
8900 Ieper
Active since 1 January 1993
Torhoutse Steenweg 369
8200 Brugge
Active since 1 January 2007
Nachtegaalstraat 8 box 1A
9320 Aalst
Active since 18 September 2008
Hooiemeersstraat(S.B.V.) 7
8710 Wielsbeke
Active since 1 August 2010
Ronseweg 23
9700 Oudenaarde
Active since 1 February 2011
Meensesteenweg(Bis) 183
8501 Kortrijk
Active since 1 February 2011
Poldergotestraat 2A
9240 Zele
Active since 14 November 2011
Oefenpleinstraat 9
9050 Gent
Active since 1 September 2012
Antwerpsesteenweg 943
9041 Gent
Active since 1 September 2012
Albert I laan 25
8630 Veurne
Active since 29 October 2018
Twaalfapostelenstraat 18
9051 Gent
Active since 16 December 2021
Zeelaan 7
9900 Eeklo
Active since 1 August 2022
Ten Beukeboom(App) 18
9400 Ninove
Active since 4 November 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 58 companies are registered at this address.
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+53 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
- 0440.178.179
- VAT number
- BE 0440.178.179
- Registered office
- Atealaan(HRT) 34 bus B, 2200 Herentals
- Names & denominations
- SAX SANITAIR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 1990
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in installatiemateriaal voor loodgieterswerk en verwarming
Groothandel in loodgietersmateriaal en verwarmingsinstallaties