Financials
Financial year 2025
Royal Sanders (Belgium) from Ieper, company number BE0700799462, closed financial year 2025 with a result of € 9.3 million after tax. For that financial year Royal Sanders (Belgium) recorded revenue of € 51 million and equity of € 9.1 million. Compared with financial year 2024, the result moved from € 10.5 million to € 9.3 million. The company is profitable. The buffer shrank hard: equity is 54 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 1, 2025.
€ 9.1 million
▼ 54% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9.3 million
▼ 12% vs 2024
Profit after tax over the fiscal year.
€ 1.8 million
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 19.8 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
94
▼ 4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.2 million
▼ 2% vs 2024
€ 65,900 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.
€ 153,409
▼ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 511,103
▲ 15% vs 2024
Loans from banks and other lenders, long and short.
€ 7.4 million
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 85 days on average.
€ 2.2 million
▲ 36% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 35,659,356 | € 44,879,068 | € 54,552,247 | € 50,972,860 | ▼ 7% |
| Profit after taxes | € 1,788,830 | € 3,900,138 | € 10,499,163 | € 9,283,077 | ▼ 12% |
| Equity | € 5,202,981 | € 9,103,118 | € 19,602,281 | € 9,091,423 | ▼ 54% |
| Total debts | € 11,436,548 | € 12,001,651 | € 9,970,182 | € 10,683,110 | ▲ 7% |
| Cash | € 2,823,345 | € 6,585,446 | € 4,275,622 | € 1,789,516 | ▼ 58% |
| Land & buildings | € 1,649,647 | € 1,423,033 | € 1,180,472 | € 953,858 | ▼ 19% |
| Retained profit | € 5,182,981 | € 9,083,118 | € 19,582,281 | € 9,071,423 | ▼ 54% |
| Dividend | € 0 | € 0 | € 0 | € 19,793,935 | |
| Bank debt | € 2,209,452 | € 1,601,523 | € 443,434 | € 511,103 | ▲ 15% |
| Balance sheet total | € 16,639,528 | € 21,104,769 | € 29,572,463 | € 19,774,534 | ▼ 33% |
| Employees (FTE) | 97.6 | 91.4 | 98 | 94 | ▼ 4 |
Key figures of Royal Sanders (Belgium), 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 October 2026.
What happened to Royal Sanders (Belgium)?
What happened at Royal Sanders (Belgium) in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9.3 million (▼ 12% vs 2024). Source: NBB ↗
- Gregory Vanhoonacker became a director. NBB
- New establishment in Ieper. KBO
- Bart Otger Hullegie became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 1.8 million profit in 2022 to € 9.3 million profit in 2025.
Paid € 9.2 million in corporate taxes since 2022.
Best year ever: 2024, with € 10.5 million profit.
Paid out € 19.8 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Royal Sanders (Belgium) are Bart Otger Hullegie and Gregory Vanhoonacker. The shares are held by Crown Bidco B.V. (100%).
Directors
According to the 2025 annual accounts
Bart Otger Hullegie
Director
since 2018
since 2021
Shareholders
Crown Bidco B.V.
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Paddevijverstraat 47
8900 Ieper
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0700.799.462
- VAT number
- BE 0700.799.462
- Registered office
- Paddevijverstraat 47, 8900 Ieper
- Names & denominations
- Royal Sanders (Belgium)
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 August 2018
- Peppol
- Active · Active since 16 Dec 2025
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