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 34 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
Royal Sanders (Belgium) from Ieper, company number BE0700799462, closed financial year 2026 with a result of € 9.8 million after tax. For that financial year Royal Sanders (Belgium) recorded revenue of € 54.6 million and equity of € 3.8 million. Compared with financial year 2025, the result moved from € 9.3 million to € 9.8 million. Profitable, and profit is growing. The buffer shrank hard: equity is 59 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 12, 2026.
€ 3.8 million
▼ 59% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9.8 million
▲ 5% vs 2025
Profit after tax over the fiscal year.
€ 2.4 million
▲ 34% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 15.1 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2026
89.4
▼ 4.6 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 6.3 million
▲ 2% vs 2025
€ 70,400 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.
€ 140,481
▼ 8% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 7.7 million
▲ 4% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 83 days on average.
€ 1.7 million
▼ 26% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 44,879,068 | € 54,552,247 | € 50,972,860 | € 54,601,315 | ▲ 7% |
| Profit after taxes | € 3,900,138 | € 10,499,163 | € 9,283,077 | € 9,769,828 | ▲ 5% |
| Equity | € 9,103,118 | € 19,602,281 | € 9,091,423 | € 3,752,564 | ▼ 59% |
| Total debts | € 12,001,651 | € 9,970,182 | € 10,683,110 | € 24,692,371 | ▲ 131% |
| Cash | € 6,585,446 | € 4,275,622 | € 1,789,516 | € 2,389,353 | ▲ 34% |
| Land & buildings | € 1,423,033 | € 1,180,472 | € 953,858 | € 727,244 | ▼ 24% |
| Retained profit | € 9,083,118 | € 19,582,281 | € 9,071,423 | € 3,732,564 | ▼ 59% |
| Dividend | € 0 | € 0 | € 19,793,935 | € 15,108,688 | ▼ 24% |
| Bank debt | € 1,601,523 | € 443,434 | € 511,103 | € 0 | ▼ 100% |
| Balance sheet total | € 21,104,769 | € 29,572,463 | € 19,774,534 | € 28,444,935 | ▲ 44% |
| Employees (FTE) | 91.4 | 98 | 94 | 89.4 | ▼ 4.6 |
Key figures of Royal Sanders (Belgium), fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
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 2026: profit of € 9.8 million (▲ 5% vs 2025). Source: NBB ↗
- Bernard Santens became a director. NBB
- Gregory Vanhoonacker became a director. NBB
- New establishment in Ieper. KBO
- Bart Hullegie became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 3.9 million profit in 2023 to € 9.8 million profit in 2026.
Paid € 12.3 million in corporate taxes since 2023.
Best year ever: 2024, with € 10.5 million profit.
Paid out € 34.9 million in dividends to the owners in total.
Management
Behind Royal Sanders (Belgium) are Bernard Santens, Gregory Vanhoonacker and Bart Hullegie. The shares are held by Crown Bidco (100%).
Directors
According to the 2026 annual accounts
Bernard Santens
Director
since 2025
Gregory Vanhoonacker
Director
since 2021
Bart Hullegie
Director
since 2018
Shareholders
Crown Bidco
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
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