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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Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 190 days after the legal deadline.
Financials
Financial year 2024
SANITHERM from Erpe-Mere, company number BE0464348304, closed financial year 2024 with a result of € 59,720 after tax. For that financial year SANITHERM recorded a gross margin of € 458,095 and equity of € 540,382. Compared with financial year 2023, the result moved from € 10,575 to € 59,720. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on February 6, 2026.
€ 540,382
▲ 12% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 59,720
▲ € 49,145 vs 2023
Profit after tax over the fiscal year.
€ 83,966
▼ 55% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 3,500 paid out
6 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
4.8
▲ 0.3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 260,038
▲ 25% vs 2023
€ 54,200 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.
€ 30,043
▼ 25% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 966,861
▲ 35% vs 2023
€ 36,735 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 291,643
▲ 40% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 34,003
▲ 27% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 222,928 | € 260,737 | € 326,520 | € 458,095 | ▲ 40% |
| Profit after taxes | € 132 | € 6,334 | € 10,575 | € 59,720 | ▲ € 49,145 |
| Equity | € 467,251 | € 473,585 | € 484,162 | € 540,382 | ▲ 12% |
| Total debts | € 805,362 | € 1,144,097 | € 997,629 | € 1,324,688 | ▲ 33% |
| Cash | € 254,608 | € 164,603 | € 186,594 | € 83,966 | ▼ 55% |
| Land & buildings | € 240,336 | € 230,420 | € 220,504 | € 525,064 | ▲ 138% |
| Retained profit | € 461,053 | € 467,388 | € 477,962 | € 534,182 | ▲ 12% |
| Dividend | € 0 | € 0 | € 0 | € 3,500 | |
| Bank debt | € 541,092 | € 837,915 | € 717,660 | € 966,861 | ▲ 35% |
| Balance sheet total | € 1,272,613 | € 1,617,682 | € 1,481,792 | € 1,865,070 | ▲ 26% |
| Employees (FTE) | 4.4 | 4.1 | 4.5 | 4.8 | ▲ 0.3 |
Key figures of SANITHERM, 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 SANITHERM?
What happened at SANITHERM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 59,720 (▲ € 49,145 vs 2023). filed late Source: NBB ↗
- New establishment in Erpe-Mere. KBO
- Start of the company according to the CBE. KBO
In short
From € 132 profit in 2021 to € 59,720 profit in 2024.
Paid € 37,568 in corporate taxes since 2021.
Best year ever: 2024, with € 59,720 profit.
On average € 95,400 of value added per employee in 2024.
Management
Behind SANITHERM are Maxime Ganzeman and Bart De Craecker.
Directors
According to the 2024 annual accounts
Maxime Ganzeman
Director
Bart De Craecker
Director
Establishments
Establishment units
Physical locations of this company
Lange Ommegangstraat 50
9420 Erpe-Mere
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0464.348.304
- VAT number
- BE 0464.348.304
- Registered office
- Lange Ommegangstraat 50, 9420 Erpe-Mere
- Names & denominations
- SANITHERM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 October 1998
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen en glas (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte vanaf 400 m2.
Algemene bouw van residentiële gebouwen
Ontwikkeling van residentiële bouwprojecten
Sanitaire werkzaamheden