Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SANDEB from Oudenaarde, company number BE0450292509, closed financial year 2025 with a result of € -6,475 after tax. For that financial year SANDEB recorded a gross margin of € 330,679 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 74,767 to € -6,475. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 5, 2026.
€ 1.6 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,475
▼ still € 74,767 profit in 2024
Profit after tax over the fiscal year.
€ 25,539
▼ 39% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.4 million.
People and assets in 2025
€ 88,878
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 360,000
▼ 72% vs 2024
€ 120,000 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 187
▼ 94% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,410
▼ 15% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 317,207 | € 316,326 | € 365,827 | € 330,679 | ▼ 10% |
| Profit after taxes | € 121,327 | € 106,986 | € 74,767 | € -6,475 | ▼ € 81,243 |
| Equity | € 1,442,749 | € 1,549,735 | € 1,624,502 | € 1,618,027 | |
| Total debts | € 879,128 | € 1,698,259 | € 1,511,673 | € 562,323 | ▼ 63% |
| Cash | € 51,082 | € 23,438 | € 42,199 | € 25,539 | ▼ 39% |
| Land & buildings | € 2,235,238 | € 3,018,713 | € 2,954,916 | € 1,955,165 | ▼ 34% |
| Retained profit | € 1,210,009 | € 1,316,995 | € 1,391,762 | € 1,385,287 | |
| Bank debt | € 500,000 | € 1,450,000 | € 1,280,000 | € 360,000 | ▼ 72% |
| Balance sheet total | € 2,323,082 | € 3,247,994 | € 3,136,175 | € 2,180,350 | ▼ 30% |
Key figures of SANDEB, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to SANDEB?
What happened at SANDEB in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Siska Lecluyse stepped down as director. NBB
- Geert De Brabandere stepped down as director. NBB
- Evelyne Santens stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 6,475 (▼ € 81,243 vs 2024). Source: NBB ↗
- Siska Lecluyse became a director. NBB
- Geert De Brabandere became a director. NBB
- Evelyne Santens became a director. NBB
- New establishment in Oudenaarde. KBO
In short
From € 121,327 profit in 2022 to € 6,475 loss in 2025.
Paid € 111,188 in corporate taxes since 2022.
Best year ever: 2022, with € 121,327 profit.
Management
Directors
According to the 2025 annual accounts
since 2022 · until 2028
Geert De Brabandere
Managing director
since 2022 · until 2028
Evelyne Santens
Director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Vijflindendries 7
9700 Oudenaarde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0450.292.509
- VAT number
- BE 0450.292.509
- Registered office
- Vijflindendries 7, 9700 Oudenaarde
- Names & denominations
- SANDEB
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 June 1993
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van holdings
Financiële holdings
Holdings
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Markt- en opinieonderzoek
Marktonderzoekbureaus
Verhuur van woningen, exclusief sociale woningen