DE SAEDELEIR
ActiveDE SAEDELEIR has been active since 1948 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.03M and a net result of €99k. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 68% of 227 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
61
/ 100
Healthy▼ -20 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-12
Solvency71▼-6
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity short (current ratio 0.88 against 1.41 in 2024), and 48.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.9%
Return on assets
5%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
31 d late
2023
30 d late
2022
12 d early
2021
5 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€99k▼ 10.5%
2024 · €111k
2018: €3k
2019: €39k
2020: €19k
2021: €12k
2022: €174k
2023: €238k
2024: €111k
2018 → 2025
Working capital
€-64k
2024 · €219k
2018: €86k
2019: €143k
2020: €127k
2021: €281k
2022: €118k
2023: €277k
2024: €219k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€406k-€579k▲ 42.8%€817k▲ 41.0%€928k▲ 13.6%€1.03M▲ 10.7%
Operating result€15k-€196k▲ 1,222%€350k▲ 78.7%€167k▼ 52.3%€152k▼ 9.0%
Net result€12k-€174k▲ 1,379%€238k▲ 36.8%€111k▼ 53.3%€99k▼ 10.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.98M
Fixed assets
€1.50M▲ 16.3%
Current assets
€478k▼ 36.1%
Equity and liabilities €1.98M
Equity
€1.03M▲ 10.7%
Debt
€952k▼ 14.3%
The debt ratio falls from 54.5% to 48.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€352k▲
2024 · €326k
Cash flow
€299k▲
2024 · €270k
Solvency
51.9%▲
2024 · 45.5%
Current ratio
0.88▼
2024 · 1.41
Quick ratio
0.88▼
2024 · 1.41
Debt / equity
0.93▼
2024 · 1.20
ROE
9.7%▼
2024 · 12.0%
ROA
5.0%▼
2024 · 5.4%
Interest coverage
18.80▲
2024 · 14.47
Debt
€952k▼
2024 · €1.11M
Debt ≤ 1 year
€542k▲
2024 · €529k
Debt > 1 year
€409k▼
2024 · €582k
Income taxes
€34k▼
2024 · €34k
Staff costs
€514k▲
2024 · €499k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.04M€1.98M▼
Fixed assets21/28€1.29M€1.50M▲
Intangible fixed assets21€427€28k▲
Tangible fixed assets22/27€1.29M€1.46M▲
Land and buildings22€36k€34k▼
Plant, machinery and equipment23€843k€953k▲
Furniture and vehicles24€411k€475k▲
Financial fixed assets28-€10k
Current assets29/58€749k€478k▼
Amounts receivable within one year40/41€556k€275k▼
Trade receivables40€546k€261k▼
Other amounts receivable41€10k€14k▲
Cash at bank and in hand54/58€192k€186k▼
Deferred charges and accrued income490/1-€18k
Equity and liabilities
Total equity and liabilities10/49€2.04M€1.98M▼
Equity10/15€928k€1.03M▲
Contributions10/11€300k€300k=
Capital10€300k€300k=
Issued capital100€300k€300k=
Reserves13€628k€727k▲
Non-distributable reserves130/1€30k€30k=
Legal reserve130€30k€30k=
Distributable reserves133€598k€697k▲
Amounts payable17/49€1.11M€952k▼
Amounts payable after more than one year17€582k€409k▼
Financial debts170/4€582k€409k▼
Amounts payable within one year42/48€529k€542k▲
Current portion of amounts payable after more than one year42-€173k
Financial debts43€172k-
Credit institutions430/8€172k-
Trade debts44€207k€165k▼
Suppliers440/4€207k€165k▼
Taxes, remuneration and social security45€138k€178k▲
Taxes450/3€89k€124k▲
Remuneration and social security454/9€49k€54k▲
Other amounts payable47/48€12k€27k▲
Income statement
Code20242025
Remuneration, social security and pensions62€499k€514k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€160k€200k▲
Other operating charges640/8€27k€20k▼
Gross operating margin9900€852k€886k▲
Operating profit (loss)9901€167k€152k▼
Financial income75/76B€744€43▼
Recurring financial income75€744€43▼
Financial charges65/66B€23k€19k▼
Recurring financial charges65€23k€19k▼
Profit (loss) for the period before taxes9903€145k€133k▼
Income taxes67/77€34k€34k▼
Profit (loss) for the period9904€111k€99k▼
Profit (loss) for the period to be appropriated9905€111k€99k▼
Appropriation of the result
Profit (loss) to be appropriated9906€111k€99k▼
Transfer to equity691/2€111k€99k▼
To other reserves6921€111k€99k▼
Social balance
Average headcount (FTE)90878.07.8▼
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 30 days late
2025
31-12
Financial
Equity above €1MEq €1.03M ▲10.7%
8 profitable years in a row build equity to €1.03M.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €238k ▲36.8%
Operating result €350k, net result €238k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €579k ▲42.8%
5 profitable years in a row build equity to €579k.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 4.61
Current ratio from 1.97 to 4.61; short-term debt falls from €130k to €78k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 42 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-06-2021
Joke De Saedeleir: Resigned as Director
01-01-2018
Nik De Saedeleir: Resigned as Director
01-01-2015
Jan De Saedeleir: Resigned as Director
01-01-2015
Paul De Saedeleir: Resigned as Director
Location & real-estate footprint
Registered office, Dendermonde · 1 establishment unit since 1948
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Winningstraat (STG) +259200 DendermondeGround area
7,374 m²
Building footprint
522 m²
Volume, LiDAR
1,792 m³
2 parcels, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Hoogveld 65, 9200 Dendermonde
since 19482.004.149.662
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021A0922/00C000 | Flanders | 7,007 m² | 1 · 412 m² | 3.5 m · 1 fl. |
| 42021A0428/00B004 | Flanders | 368 m² | 1 · 110 m² | 10.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 11,357 EUR awarded · 10,492 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,064 EUR | 144 EUR |
| 2024 | 1 | 686 EUR | 741 EUR |
| 2023 | 2 | 9,221 EUR | 9,221 EUR |
| 2022 | 1 | 386 EUR | 386 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
WESTCOMPOST
BE 0454.071.648
Ieper · Eq €1.02M
RCMD
BE 0478.498.525
Wielsbeke · Eq €1.04M
VS Rubber Recycling nv
BE 0452.933.778
Dilsen-Stokkem · Eq €1.02M
Iterbeke X
BE 0837.436.236
Evergem · Eq €1.05M
TYRE BUSINESS BELGIUM
BE 0479.058.947
Pelt · Eq €1.00M
Of 974 companies in sector 38210 we hold annual accounts for 582. 411 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1948
Fiscal year end31-12
Activities, NACEBEL
37200
38210Materials recovery from waste
38323Waste collection, recovery and disposal activities
38329Waste collection, recovery and disposal activities
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.