Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
DE SAX from Kapellen, company number BE0446856729, closed financial year 2025 with a result of € -38,979 after tax. For that financial year DE SAX recorded a gross margin of € 77,369 and equity of € -24,761. Compared with financial year 2024, the result moved from € 36,489 to € -38,979. 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 June 24, 2026.
€ -24,761
▼ € 38,979 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -38,979
▼ still € 36,489 profit in 2024
Profit after tax over the fiscal year.
€ 248,656
▲ € 235,243 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -43,353.
People and assets in 2025
0.6
Average over the fiscal year, from the social balance sheet.
€ 24,969
▲ 4% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 10,634
▼ 50% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 455,140
▼ 8% vs 2024
€ 37,750 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 863,247
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,815
▲ 260% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 137,041 | € 64,393 | € 168,269 | € 77,369 | ▼ 54% |
| Profit after taxes | € -4,669 | € -76,040 | € 36,489 | € -38,979 | ▼ € 75,468 |
| Equity | € 53,769 | € -22,271 | € 14,218 | € -24,761 | ▼ € 38,979 |
| Total debts | € 1,191,293 | € 1,979,291 | € 2,024,426 | € 2,193,589 | ▲ 8% |
| Cash | € 31,794 | € 109,419 | € 13,413 | € 248,656 | ▲ € 235,243 |
| Land & buildings | € 849,814 | € 1,655,912 | € 1,639,214 | € 1,591,939 | ▼ 3% |
| Retained profit | € 35,177 | € -40,863 | € -4,374 | € -43,353 | ▼ € 38,979 |
| Bank debt | € 565,351 | € 529,113 | € 492,378 | € 455,140 | ▼ 8% |
| Balance sheet total | € 1,245,062 | € 1,957,020 | € 2,038,644 | € 2,168,828 | ▲ 6% |
| Employees (FTE) | - | - | - | 0.6 |
Key figures of DE SAX, 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 DE SAX?
What happened at DE SAX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 38,979 (▼ € 75,468 vs 2024). Source: NBB ↗
- New establishment in Kapellen. KBO
- Danny Achten became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 4,669 loss in 2022 to € 38,979 loss in 2025.
Paid € 1,352 in corporate taxes since 2022.
Best year ever: 2024, with € 36,489 profit.
Management
Behind DE SAX is Danny Achten. It owns 100% of BHG Antwerpen I itself.
Directors
According to the 2025 annual accounts
Danny Achten
Director
Also active at: OPTIC 2042, Moore Corporate Finance, MUL PROPERTIES, BHG Antwerpen I, Handelsbeurs Antwerpen Events, Antwerp Spring Festival, HANDELSBEURS ANTWERPEN
since 2013
Establishments
Establishment units
Physical locations of this company
Rododendronlaan 17
2950 Kapellen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0446.856.729
- VAT number
- BE 0446.856.729
- Registered office
- Rododendronlaan 17, 2950 Kapellen
- Names & denominations
- DE SAX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 March 1992
- Peppol
- Active · Active since 7 Nov 2025
- Activities · NACE
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