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 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SAEP. C from Tournai, company number BE0760446544, closed financial year 2025 with a result of € -241,630 after tax. For that financial year SAEP. C recorded a gross margin of € -58,717 and equity of € -1.2 million. Compared with financial year 2024, the result moved from € -264,465 to € -241,630. 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 16, 2026.
€ -1.2 million
▼ € 241,630 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -241,630
▲ 9 % less loss than in 2024
Profit after tax over the fiscal year.
€ 516,626
▲ € 462,053 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.2 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 138,771
▲ 5% vs 2024
€ 138,800 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.
€ 4,611
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 67,562
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 22,429
▼ 38% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -38,520 | € -63,457 | € -76,654 | € -58,717 | ▲ € 17,937 |
| Profit after taxes | € -252,792 | € -291,308 | € -264,465 | € -241,630 | ▲ € 22,834 |
| Equity | € -393,631 | € -684,939 | € -949,404 | € -1,191,034 | ▼ € 241,630 |
| Total debts | € 2,829,023 | € 4,167,712 | € 5,470,480 | € 6,597,320 | ▲ 21% |
| Cash | € 11,646 | € 94,386 | € 54,572 | € 516,626 | ▲ € 462,053 |
| Land & buildings | € 1,695,249 | € 1,652,628 | € 1,610,007 | € 1,567,386 | ▼ 3% |
| Retained profit | € -418,631 | € -709,939 | € -974,404 | € -1,216,034 | ▼ € 241,630 |
| Balance sheet total | € 2,435,392 | € 3,482,772 | € 4,521,076 | € 5,406,286 | ▲ 20% |
| Employees (FTE) | - | - | - | 1 |
Key figures of SAEP. C, 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 SAEP. C?
What happened at SAEP. C in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 241,630. Source: NBB ↗
- New establishment in Tournai. KBO
- Start of the company according to the CBE. KBO
- Stéphanie Mulliez became a director. NBB
- Jean-Luc Mulliez became a director. NBB
- Moïse Douei Djodé became a director. NBB
In short
From € 252,792 loss in 2022 to € 241,630 loss in 2025.
Paid € 2,453 in corporate taxes since 2022.
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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 SAEP. C are Stéphanie Mulliez, Jean-Luc Mulliez and Moïse Douei Djodé. It owns 100% of Kon-Tiki itself.
Directors
According to the 2025 annual accounts
Stéphanie Mulliez
Managing director
since 2020
since 2020
Moïse Douei Djodé
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Rue du Progrès(FRY) 4 box B
7503 Tournai
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →Association Forestiere et Cynegetique du Viroin
WALL SERVICES
€ 253,890 gross margin · 2025
JACADI BELGIUM
€ 2.4 million revenue · 2025
DOCTEUR MICHEL DELBAR
€ 10,323 gross margin · 2025
BASTIN ET ASSOCIES
€ 122,832 gross margin · 2025
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0760.446.544
- VAT number
- BE 0760.446.544
- Registered office
- Rue du Progrès(FRY) 4 bus B, 7503 Tournai
- Names & denominations
- SAEP. C
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2020
- Peppol
- Active · Active since 10 Dec 2025
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