SAPI is a wholesaler in Aalter. Private Limited, started on 10 August 2011, 1 establishment.

What is the address of SAPI?

The registered office of SAPI is located at Groendreef 66, 9880 Aalter.

Is SAPI still active?

Yes. According to the CBE (30 October 2026) SAPI is active, legal situation “Normale toestand”, started on 10 August 2011.

Is SAPI registered on Peppol?

Yes, SAPI is registered on the Peppol network with ID 0208:0838527683.

What is the enterprise number of SAPI?

The enterprise number of SAPI is BE0838527683.

When was SAPI founded?

SAPI was founded on 10 August 2011.

Who are the directors of SAPI?

According to the 2025 annual accounts, the directors of SAPI are: Saskia Mortier BV, Pieter Mortier BV.

Is SAPI a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 10 August 2011; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did SAPI make in 2025?

SAPI posted a profit after taxes of € 498 in financial year 2025.

What is the revenue of SAPI?

As a small company, SAPI is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 471,839.

How much does an employee at SAPI earn?

The average wage cost per full-time employee at SAPI was € 68,100 in 2025: staff costs of € 340,313 for 5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does SAPI have?

According to the 2025 annual accounts, SAPI has 5 full-time equivalents (FTE).

SAPI (Private Limited) - Aalter - BE0838527683

Dossier SAPI, printed on 30 October 2026 from databakkes.be/en/0838527683/sapi. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 2 % of short-term debt in 2025; threshold 65 %.
Shrinking team NBB

FTE fell two years in a row, from 6.2 to 5.

Financials

Financial year 2025

SAPI from Aalter, company number BE0838527683, closed financial year 2025 with a result of € 498 after tax. For that financial year SAPI recorded a gross margin of € 471,839 and equity of € 2.2 million. Compared with financial year 2024, the result moved from € 1,798 to € 498. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.

What it is worth Growing

€ 2.2 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 498

▼ 72% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 50,685

▼ 30% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 2.2 million.

People and assets in 2025

Full-time equivalents

▼ 0.4 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 340,313

▲ 4% vs 2024

€ 68,100 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.

Debts at end 2025

Bank debt ≈ 5 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 5.5 million

€ 1 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 148,891

▼ 51% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 51,682

▲ 20% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 570,598 Gross margin 2022: € 570,598 First fiscal year in the series	€ 586,583 Gross margin 2023: € 586,583 ▲ 3% vs 2022 (€ 570,598) Favourable step	€ 530,724 Gross margin 2024: € 530,724 ▼ 10% vs 2023 (€ 586,583) Unfavourable step	€ 471,839 Gross margin 2025: € 471,839 ▼ 11% vs 2024 (€ 530,724) Unfavourable step	▼ 11%
Profit after taxes	€ 43 Profit after taxes 2022: € 43 First fiscal year in the series	€ 114 Profit after taxes 2023: € 114 ▲ 163% vs 2022 (€ 43) Favourable step	€ 1,798 Profit after taxes 2024: € 1,798 ▲ € 1,684 vs 2023 (€ 114) Favourable step	€ 498 Profit after taxes 2025: € 498 ▼ 72% vs 2024 (€ 1,798) Unfavourable step	▼ 72%
Equity	€ 2,170,700 Equity 2022: € 2,170,700 First fiscal year in the series	€ 2,170,814 Equity 2023: € 2,170,814 Unchanged (€ 2,170,700) Favourable step	€ 2,172,611 Equity 2024: € 2,172,611 Unchanged (€ 2,170,814) Favourable step	€ 2,173,110 Equity 2025: € 2,173,110 Unchanged (€ 2,172,611) Favourable step
Total debts	€ 8,332,978 Total debts 2022: € 8,332,978 First fiscal year in the series	€ 8,254,569 Total debts 2023: € 8,254,569 ▼ 1% vs 2022 (€ 8,332,978) Favourable step	€ 8,139,364 Total debts 2024: € 8,139,364 ▼ 1% vs 2023 (€ 8,254,569) Favourable step	€ 8,088,125 Total debts 2025: € 8,088,125 ▼ 1% vs 2024 (€ 8,139,364) Favourable step	▼ 1%
Cash	€ 296,703 Cash 2022: € 296,703 First fiscal year in the series	€ 109,268 Cash 2023: € 109,268 ▼ 63% vs 2022 (€ 296,703) Unfavourable step	€ 72,268 Cash 2024: € 72,268 ▼ 34% vs 2023 (€ 109,268) Unfavourable step	€ 50,685 Cash 2025: € 50,685 ▼ 30% vs 2024 (€ 72,268) Unfavourable step	▼ 30%
Retained profit	€ 2,152,100 Retained profit 2022: € 2,152,100 First fiscal year in the series	€ 2,152,214 Retained profit 2023: € 2,152,214 Unchanged (€ 2,152,100) Favourable step	€ 2,154,011 Retained profit 2024: € 2,154,011 Unchanged (€ 2,152,214) Favourable step	€ 2,154,510 Retained profit 2025: € 2,154,510 Unchanged (€ 2,154,011) Favourable step
Bank debt	€ 5,840,000 Bank debt 2022: € 5,840,000 First fiscal year in the series	€ 5,520,000 Bank debt 2023: € 5,520,000 ▼ 5% vs 2022 (€ 5,840,000) Favourable step	€ 5,520,000 Bank debt 2024: € 5,520,000 Unchanged (€ 5,520,000) Unchanged	€ 5,520,000 Bank debt 2025: € 5,520,000 Unchanged (€ 5,520,000) Unchanged
Balance sheet total	€ 10,503,678 Balance sheet total 2022: € 10,503,678 First fiscal year in the series	€ 10,425,382 Balance sheet total 2023: € 10,425,382 ▼ 1% vs 2022 (€ 10,503,678) Unchanged	€ 10,311,975 Balance sheet total 2024: € 10,311,975 ▼ 1% vs 2023 (€ 10,425,382) Unchanged	€ 10,261,235 Balance sheet total 2025: € 10,261,235 Unchanged (€ 10,311,975) Unchanged
Employees (FTE)	6.8 Employees (FTE) 2022: 6.8 First fiscal year in the series	6.2 Employees (FTE) 2023: 6.2 ▼ 0.6 vs 2022 (6.8) Unchanged	5.4 Employees (FTE) 2024: 5.4 ▼ 0.8 vs 2023 (6.2) Unchanged	5 Employees (FTE) 2025: 5 ▼ 0.4 vs 2024 (5.4) Unchanged	▼ 0.4

Key figures of SAPI, 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 SAPI?

What happened at SAPI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 17, 2026 New annual accounts for financial year 2025: profit of € 498 (▼ 72% vs 2024). Source: NBB ↗
2023 Saskia Mortier BV became a director. NBB
2023 Pieter Mortier BV became a director. NBB
Sep 16, 2011 New establishment in Aalter. KBO
Aug 10, 2011 Start of the company according to the CBE. KBO

In short

From € 43 profit in 2022 to € 498 profit in 2025.

Paid € 2,961 in corporate taxes since 2022.

Best year ever: 2024, with € 1,798 profit.

On average € 94,400 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Saskia Mortier BV

Pieter Mortier BV

SAPI

Verlichting Mortier 99.5%

PSM Lighting 80%

Behind SAPI are Saskia Mortier BV and Pieter Mortier BV. It owns 99.5% of Verlichting Mortier and 80% of PSM Lighting itself.

Directors

According to the 2025 annual accounts

Saskia Mortier BV

Director · represented by Saskia Mortier

Also active at: VERLICHTING MORTIER

since 2023

Pieter Mortier BV

Director · represented by Pieter Mortier

Also active at: PSM Lighting

since 2023

Establishments

Establishment units

Physical locations of this company

Registered office

Groendreef 66

9880 Aalter

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

GERIMO

€ 82,708 gross margin · 2025

Burgerlijke Maatschap MORTIER

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0838.527.683

VAT number

BE 0838.527.683

Registered office

Groendreef 66, 9880 Aalter

Names & denominations

SAPI

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

10 August 2011

Peppol

Active · Active since 17 Jun 2025

Activities · NACE

Groothandel in verlichtingsapparatuur

Handel in eigen onroerend goed

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Beheer van financiële markten

Ontwikkeling van residentiële bouwprojecten

Vervaardiging van verlichtingsapparaten

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

View on CBE Public ↗ Annual accounts (NBB) ↗

SAPI

Warning lights

Financials

What happened to SAPI?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions