Public limited company · founded 1992 · 34 yrs activeIndustrielaan(Heu) 4, 8501 Kortrijk, BelgiumKBO/BCE: BE 0448.146.433
Summary
SAEY has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €62.8m and a net result of €7.9m. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 90% of 6133 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2024
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability71▲+56
Solvency100=
Growth68▲+12
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.4%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 5.94 against 4.81 in 2023; short-term debt: 16% and cash: 0.8% of total assets), and 16.2% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 64 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
○
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
SAEY was incorporated on 16 July 1992.1The board currently has 7 members; CD-X has served longest, since 2016.2Revenue grew from EUR 90 million in 2018 to EUR 118 million in 2024 and headcount from 69.5 to 83.8 full-time equivalents.3
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
Net result€3.6mabove the sector's middle half▲ 118%€16.0mabove the sector's middle half▲ 343%€9.6mabove the sector's middle half▼ 40.1%-€2.0mbelow the sector's middle half€7.9mabove the sector's middle half
Equity€51.4mabove the sector's middle half▲ 7.3%€47.3mabove the sector's middle half▼ 8.0%€56.8mabove the sector's middle half▲ 20.2%€54.9mabove the sector's middle half▼ 3.5%€62.8mabove the sector's middle half▲ 14.4%
Total assets€63.9mabove the sector's middle half▲ 13.2%€69.9mabove the sector's middle half▲ 9.5%€72.1mabove the sector's middle half▲ 3.1%€68.7mabove the sector's middle half▼ 4.7%€74.9mabove the sector's middle half▲ 9.0%
Working capital€47.0mabove the sector's middle half▲ 9.6%€43.7mabove the sector's middle half▼ 7.0%€53.9mabove the sector's middle half▲ 23.5%€52.4mabove the sector's middle half▼ 2.8%€59.3mabove the sector's middle half▲ 13.2%
Solvency80.5%above the sector's middle half▼ 4.4pp67.6%above the sector's middle half▼ 12.8pp78.8%above the sector's middle half▲ 11.2pp79.8%above the sector's middle half▲ 1.0pp83.8%above the sector's middle half▲ 4.0pp
Current ratio4.82above the sector's middle half▼ 1.292.95above the sector's middle half▼ 1.874.57above the sector's middle half▲ 1.624.81above the sector's middle half▲ 0.245.94above the sector's middle half▲ 1.14
Return on assets (ROA)5.7%within the sector's middle half▲ 2.7pp22.9%above the sector's middle half▲ 17.2pp13.3%above the sector's middle half▼ 9.6pp-2.9%below the sector's middle half▼ 16.2pp10.6%above the sector's middle half▲ 13.4pp
Staff (FTE)74.6above the sector's middle half▼ 2.6%77.5above the sector's middle half▲ 3.9%74.6above the sector's middle half▼ 3.7%81.8above the sector's middle half▲ 9.7%83.8above the sector's middle half▲ 2.4%
abovewithinbelowthe middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €8.0m after a loss of €3.0m in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €74.9m
95.3%
Fixed assets€3.6m ▲ 40.5%
Current assets€71.3m ▲ 7.8%
Equity and liabilities €74.9m
83.8%
16.2%
Equity€62.8m ▲ 14.4%
Provisions€0 ▼ 100%
Debt€12.1m ▼ 12.6%
Debt's share of the balance-sheet total falls from 20.2% to 16.2%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€8.5m▲
2023 · -€2.2m
Cash flow
€8.4m▲
2023 · -€1.2m
Quick ratio
4.08▲
2023 · 2.75
Debt to equity
0.19▼
2023 · 0.25
ROE
12.6%▲
2023 · -3.6%
Interest coverage
2998322.00▲
2023 · -718.11
Debt ≤ 1 year
€12.0m▼
2023 · €13.8m
Income taxes
€1.6m▲
2023 · -€4,099
Staff costs
€6.3m▼
2023 · €6.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 1,577 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.
Medium-sized
20 years or older
solvency 30% or more
a profit of 5% of the balance sheet or more
0.1%went bankrupt
3.1%stopped otherwise
97%still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
The companies in ten equal groups, from lowest to highest expected share.
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.4%
3
0.5%
0.5%
4
0.6%
0.7%
5
0.8%
0.9%
6
1.2%
1.3%
7
1.5%
1.7%
8
1.7%
1.7%
9
2.7%
2.8%
10
5.3%
5.7%
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,577 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
Filed annual accountsAs filed with the NBB · 2024 against 2023 · 84 lines
Balance sheetCode20232024
Assets
Total assets20/58€68.7m€74.9m▲
Fixed assets21/28€2.5m€3.6m▲
Intangible fixed assets21€133,765€135,499▲
Tangible fixed assets22/27€2.4m€3.3m▲
Land and buildings22€1.9m€2.1m▲
Plant, machinery and equipment23€312,138€986,584▲
Furniture and vehicles24€173,687€270,099▲
Financial fixed assets28€2,391€73,871▲
Other financial fixed assets284/8€2,391€73,871▲
Amounts receivable and cash guarantees285/8€2,391€73,871▲
Current assets29/58€66.2m€71.3m▲
Stocks and contracts in progress3€28.3m€22.4m▼
Stocks30/36€28.3m€22.4m▼
Raw materials and consumables30/31-€22.4m
Goods purchased for resale34€28.3m-
Amounts receivable within one year40/41€35.8m€48.3m▲
Trade receivables40€21.3m€16.5m▼
Other amounts receivable41€14.5m€31.8m▲
Current investments50/53€575,009€0▼
Other investments51/53€575,009€0▼
Cash at bank and in hand54/58€1.4m€562,193▼
Deferred charges and accrued income490/1€99,785€46,521▼
Equity and liabilities
Total equity and liabilities10/49€68.7m€74.9m▲
Equity10/15€54.9m€62.8m▲
Contributions10/11€2.0m€2.0m=
Capital10€2.0m€2.0m=
Issued capital100€2.0m€2.0m=
Reserves13€9.0m€9.0m=
Non-distributable reserves130/1€736,849€736,849=
Legal reserve130€736,849€736,849=
Tax-exempt reserves132€3.5m€2.1m▼
Distributable reserves133€4.7m€6.1m▲
Profit (loss) carried forward14€43.9m€51.8m▲
Investment grants15€5,473€0▼
Provisions and deferred taxes16€8,083€0▼
Deferred taxes168€8,083€0▼
Amounts payable17/49€13.8m€12.1m▼
Amounts payable within one year42/48€13.8m€12.0m▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€12.4m€9.3m▼
Suppliers440/4€12.4m€9.3m▼
Taxes, remuneration and social security45€1.4m€2.7m▲
Taxes450/3€525,671€1.9m▲
Remuneration and social security454/9€877,838€731,132▼
Other amounts payable47/48€5,000€0▼
Accrued charges and deferred income492/3€76,245€100,202▲
Income statementCode20232024
Operating income70/76A€139.0m€119.5m▼
Turnover70€137.5m€117.7m▼
Other operating income74€1.5m€1.6m▲
Non-recurring operating income76A-€228,348
Operating charges60/66A€142.0m€111.5m▼
Goods for resale, raw materials and consumables60€120.1m€93.2m▼
Purchases600/8€121.8m€87.2m▼
Change in stocks: decrease (increase)609-€1.7m€5.9m▲
Services and other goods61€14.2m€11.2m▼
Remuneration, social security and pensions62€6.7m€6.3m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€796,823€526,482▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€46,891€146,592▲
Other operating charges640/8€170,700€182,023▲
Non-recurring operating charges66A-€75,719
Operating profit (loss)9901-€3.0m€8.0m▲
Financial income75/76B€1.7m€2.0m▲
Recurring financial income75€1.7m€2.0m▲
Income from current assets751€367,358€1.1m▲
Other financial income752/9€1.3m€967,798▼
Financial charges65/66B€617,579€516,503▼
Recurring financial charges65€617,579€516,503▼
Debt charges650€3,113€3▼
Other financial charges652/9€614,466€516,500▼
Profit (loss) for the period before taxes9903-€2.0m€9.5m▲
Transfer from deferred taxes780€9,375€8,083▼
Income taxes67/77-€4,099€1.6m▲
Taxes670/3€3€1.6m▲
Tax adjustments and reversals of tax provisions77€4,102-
Profit (loss) for the period9904-€2.0m€7.9m▲
Transfer from tax-exempt reserves789€668,925€1.4m▲
Transfer to tax-exempt reserves689-€3,876
Profit (loss) for the period to be appropriated9905-€1.3m€9.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906€44.5m€53.2m▲
Profit (loss) brought forward from the previous period14P€45.8m€43.9m▼
Transfer to equity691/2€640,800€1.4m▲
To other reserves6921€640,800€1.4m▲
Social balance
Average headcount (FTE)908781.883.8▲
The notes to these accounts (59 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2020
2021
2022
2023
2024
Change
Operating income70/76A
-
€147.7m
€187.3m
€139.0m
€119.5m
▼ 14.0%
Turnover70
€85.5m
€146.4m
€185.7m
€137.5m
€117.7m
▼ 14.4%
Other operating income74
-
€1.3m
€1.6m
€1.5m
€1.6m
▲ 11.4%
Non-recurring operating income76A
-
-
-
-
€228,348
-
Operating charges60/66A
-
€127.7m
€176.0m
€142.0m
€111.5m
▼ 21.5%
Goods for resale, raw materials and consumables60
-
€109.7m
€154.2m
€120.1m
€93.2m
▼ 22.4%
Purchases600/8
-
€126.0m
€151.6m
€121.8m
€87.2m
▼ 28.4%
Change in stocks: decrease (increase)609
-
-€16.3m
€2.6m
-€1.7m
€5.9m
▲ 458%
Services and other goods61
-
€11.7m
€15.5m
€14.2m
€11.2m
▼ 21.3%
Remuneration, social security and pensions62
-
€5.1m
€5.0m
€6.7m
€6.3m
▼ 6.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€1.3m
€1.1m
€1.0m
€796,823
€526,482
▼ 33.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
€66,190
€176,809
€46,891
€146,592
▲ 213%
Other operating charges640/8
-
€147,015
€150,349
€170,700
€182,023
▲ 6.6%
Non-recurring operating charges66A
-
-
-
-
€75,719
-
Operating profit (loss)9901
€3.9m
€20.0m
€11.4m
-€3.0m
€8.0m
▲ 364%
Financial income75/76B
-
€1.8m
€1.8m
€1.7m
€2.0m
▲ 20.6%
Recurring financial income75
€1.1m
€1.8m
€1.8m
€1.7m
€2.0m
▲ 20.6%
Income from current assets751
-
€310,130
€32,638
€367,358
€1.1m
▲ 187%
Other financial income752/9
-
€1.5m
€1.7m
€1.3m
€967,798
▼ 26.1%
Financial charges65/66B
-
€849,768
€924,050
€617,579
€516,503
▼ 16.4%
Recurring financial charges65
€479,947
€849,768
€924,050
€617,579
€516,503
▼ 16.4%
Debt charges650
€19,137
€18,593
€27,090
€3,113
€3
▼ 99.9%
Other financial charges652/9
-
€831,175
€896,961
€614,466
€516,500
▼ 15.9%
Profit (loss) for the period before taxes9903
€4.5m
€20.9m
€12.2m
-€2.0m
€9.5m
▲ 583%
Transfer from deferred taxes780
-
€9,375
€22,410
€9,375
€8,083
▼ 13.8%
Income taxes67/77
€918,524
€4.9m
€2.6m
-€4,099
€1.6m
▲ 39,484%
Taxes670/3
-
€4.9m
€2.6m
€3
€1.6m
▲ 49,981,764%
Tax adjustments and reversals of tax provisions77
-
-
-
€4,102
-
-
Profit (loss) for the period9904
€3.6m
€16.0m
€9.6m
-€2.0m
€7.9m
▲ 504%
Transfer from tax-exempt reserves789
-
€28,125
€793,215
€668,925
€1.4m
▲ 114%
Transfer to tax-exempt reserves689
-
-
€2.0m
-
€3,876
-
Profit (loss) for the period to be appropriated9905
€2.9m
€16.0m
€8.4m
-€1.3m
€9.3m
▲ 824%
Line
2020
2021
2022
2023
2024
Change
Assets
Total assets20/58
€63.9m
€69.9m
€72.1m
€68.7m
€74.9m
▲ 9.0%
Fixed assets21/28
€4.7m
€3.8m
€3.1m
€2.5m
€3.6m
▲ 40.5%
Intangible fixed assets21
€196,784
€137,754
€103,750
€133,765
€135,499
▲ 1.3%
Tangible fixed assets22/27
€4.5m
€3.7m
€3.0m
€2.4m
€3.3m
▲ 39.7%
Land and buildings22
-
€2.4m
€2.1m
€1.9m
€2.1m
▲ 9.4%
Plant, machinery and equipment23
-
€1.1m
€665,705
€312,138
€986,584
▲ 216%
Furniture and vehicles24
-
€199,357
€165,084
€173,687
€270,099
▲ 55.5%
Financial fixed assets28
€2,391
€2,391
€2,391
€2,391
€73,871
▲ 2,990%
Other financial fixed assets284/8
-
€2,391
€2,391
€2,391
€73,871
▲ 2,990%
Amounts receivable and cash guarantees285/8
-
€2,391
€2,391
€2,391
€73,871
▲ 2,990%
Current assets29/58
€59.2m
€66.1m
€69.0m
€66.2m
€71.3m
▲ 7.8%
Stocks and contracts in progress3
€12.9m
€33.3m
€26.7m
€28.3m
€22.4m
▼ 20.9%
Stocks30/36
-
€33.3m
€26.7m
€28.3m
€22.4m
▼ 20.9%
Raw materials and consumables30/31
-
-
-
-
€22.4m
-
Goods purchased for resale34
-
€29.2m
€26.7m
€28.3m
-
-
Advance payments36
-
€4.1m
-
-
-
-
Amounts receivable within one year40/41
€21.3m
€27.3m
€25.8m
€35.8m
€48.3m
▲ 35.0%
Trade receivables40
-
€27.2m
€25.7m
€21.3m
€16.5m
▼ 22.2%
Other amounts receivable41
-
€85,687
€35,700
€14.5m
€31.8m
▲ 119%
Current investments50/53
€6.0m
€1.6m
€1.6m
€575,009
€0
▼ 100%
Other investments51/53
-
€1.6m
€1.6m
€575,009
€0
▼ 100%
Cash at bank and in hand54/58
€9.9m
€3.8m
€15.0m
€1.4m
€562,193
▼ 60.0%
Deferred charges and accrued income490/1
-
€38,919
€20,411
€99,785
€46,521
▼ 53.4%
Equity and liabilities
Total equity and liabilities10/49
€63.9m
€69.9m
€72.1m
€68.7m
€74.9m
▲ 9.0%
Equity10/15
€51.4m
€47.3m
€56.8m
€54.9m
€62.8m
▲ 14.4%
Contributions10/11
€2.0m
€2.0m
€2.0m
€2.0m
€2.0m
=
Capital10
-
€2.0m
€2.0m
€2.0m
€2.0m
=
Issued capital100
-
€2.0m
€2.0m
€2.0m
€2.0m
=
Reserves13
€7.1m
€7.0m
€9.0m
€9.0m
€9.0m
=
Non-distributable reserves130/1
-
€2.7m
€736,849
€736,849
€736,849
=
Legal reserve130
-
€736,849
€736,849
€736,849
€736,849
=
Other1319
-
€2.0m
-
-
-
-
Tax-exempt reserves132
-
€3.0m
€4.2m
€3.5m
€2.1m
▼ 40.4%
Distributable reserves133
-
€1.3m
€4.1m
€4.7m
€6.1m
▲ 30.4%
Profit (loss) carried forward14
€42.2m
€38.2m
€45.8m
€43.9m
€51.8m
▲ 18.0%
Investment grants15
-
€79,115
€32,517
€5,473
€0
▼ 100%
Provisions and deferred taxes16
€49,243
€39,868
€17,458
€8,083
€0
▼ 100%
Deferred taxes168
-
€39,868
€17,458
€8,083
€0
▼ 100%
Amounts payable17/49
€12.4m
€22.6m
€15.2m
€13.8m
€12.1m
▼ 12.6%
Amounts payable within one year42/48
€12.3m
€22.4m
€15.1m
€13.8m
€12.0m
▼ 12.8%
Financial debts43
-
-
€667,778
€0
-
-
Credit institutions430/8
-
-
€667,778
€0
-
-
Trade debts44
€10.8m
€20.1m
€11.7m
€12.4m
€9.3m
▼ 24.5%
Suppliers440/4
-
€20.1m
€11.7m
€12.4m
€9.3m
▼ 24.5%
Taxes, remuneration and social security45
-
€2.2m
€2.2m
€1.4m
€2.7m
▲ 90.0%
Taxes450/3
-
€1.6m
€1.6m
€525,671
€1.9m
▲ 268%
Remuneration and social security454/9
-
€607,289
€617,834
€877,838
€731,132
▼ 16.7%
Other amounts payable47/48
-
€102,670
€565,518
€5,000
€0
▼ 100%
Accrued charges and deferred income492/3
-
€181,109
€127,245
€76,245
€100,202
▲ 31.4%
Line
2020
2021
2022
2023
2024
Change
Profit (loss) for the period9904
€3.6m
€16.0m
€9.6m
-€2.0m
€7.9m
▲ 504%
+ Depreciation and write-downs630
€1.3m
€1.1m
€1.0m
€796,823
€526,482
▼ 33.9%
Operating cash flow (approximation)
€4.9m
€17.1m
€10.6m
-€1.2m
€8.4m
▲ 826%
Investment in fixed assets (approximation)
-
-€271,638
-€236,718
-€260,261
-€1.5m
▼ 495%
Change in cash
-
-€6.2m
€11.2m
-€13.6m
-€844,346
▲ 93.8%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
State Gazette actResignations: FGC INVEST BV, CD-X BV and AcidBase BV
Permanent representatives: Jean Vanderstuyft, Carl Dewulf and Pol-Henry Bonte · Appointment: Franciscus Peters (director) · Mandate compensation13 facts ▸
General meeting, 05/07/2023
Director resignation, FGC INVEST BV (director)
Permanent representative, Jean Vanderstuyft
Director resignation, CD-X BV (director)
Permanent representative, Carl Dewulf
Director resignation, AcidBase BV (director)
Permanent representative, Pol-Henry Bonte
Director appointment, Franciscus Peters (director)
Mandate compensation, Franciscus Peters
Board meeting, 05/07/2023
Director appointment, Franciscus Peters (day-to-day manager)
Mandate compensation, Franciscus Peters
+1 further facts in this act
31-07
State Gazette actStatutes amendment
Capital · Governance restriction4 facts ▸
General meeting, 05-07-2023
Statutes amendment
Capital, €2.000.000
Governance restriction, Het bestuursorgaan moet de voorafgaande goedkeuring van de algemene vergadering van de (ultieme) aandeelhouder MCB International B.V. verkrijgen voor bestuursbe…
07-06
State Gazette actReappointments: FGC Invest, CD-X and AcidBase
Permanent representatives: Jean Vanderstuyft, Carl Dewulf and 2 others · Appointment: VGD Bedrijfsrevisoren BV (statutory auditor)9 facts ▸
5 profitable years in a row build equity to €56.8m.
08-11
State Gazette actReappointments: FGC Invest, CD-X and AcidBase
Permanent representatives: Jean Vanderstuyft, Carl Dewulf and 2 others · Power of attorney15 facts ▸
General meeting, 28-04-2022
Director reappointment, FGC Invest (director)
Permanent representative, Jean Vanderstuyft
Director reappointment, CD-X (director)
Permanent representative, Carl Dewulf
Director reappointment, AcidBase (director)
Permanent representative, Pol-Henry Bonte
Board meeting
Power of attorney, Jan Vandamme
Power of attorney, Rieno Destoop
Power of attorney, Jan Vandamme
Power of attorney, Rieno Destoop
+3 further facts in this act
25-05
NBB filingAnnual accounts filed
fiscal year 2021 · full schema
2021
31-12
FinancialHighest result since 2018net €16.0m ▲343%
Operating result €20.0m, net result €16.0m, both a record.
11-06
State Gazette actReappointments: FGC Invest, CD-X and AcidBase
Permanent representatives: Jean Vanderstuyft, Carl Dewulf and Pol-Henry Bonte7 facts ▸
General meeting, 29-04-2021
Director reappointment, FGC Invest (director)
Permanent representative, Jean Vanderstuyft
Director reappointment, CD-X (director)
Permanent representative, Carl Dewulf
Director reappointment, AcidBase (director)
Permanent representative, Pol-Henry Bonte
10-05
NBB filingAnnual accounts filed
fiscal year 2020 · full schema
2020
31-12
FinancialEquity above €50mEq €51.4m ▲7.3%
3 profitable years in a row build equity to €51.4m.
02-06
State Gazette actReappointments: FGC Invest, CD-X and AcidBase
Permanent representatives: Jean Vanderstuyft, Carl Dewulf and 2 others · Appointment: VGD Bedrijfsrevisoren (statutory auditor) · Power of attorney13 facts ▸
State Gazette actReappointments: BVBA FGC Invest, BVBA CD-X and BVBA AcidBase
Permanent representatives: Jean Vanderstuyft, Carl Dewulf and Pol-Henry Bonte · Power of attorney14 facts ▸
General meeting, 25-04-2019
Director reappointment, BVBA FGC Invest (director)
Permanent representative, Jean Vanderstuyft
Director reappointment, BVBA CD-X (director)
Permanent representative, Carl Dewulf
Director reappointment, BVBA AcidBase (director)
Permanent representative, Pol-Henry Bonte
Power of attorney, Jurgen Vandenbroeke
Power of attorney, Dirk Decaluwé
Power of attorney, Jan Vandamme
Power of attorney, Willy d'Heedene
Power of attorney, Ferdinand Lecoutere
+2 further facts in this act
06-05
NBB filingAnnual accounts filed
fiscal year 2018 · full schema
2018
21-06
State Gazette actReappointments: BVBA Sattua, BVBA FGC Invest and BVBA CD-X
Permanent representatives: Bernard Saey, Jean Vanderstuyft and 2 others · Appointments: BVBA AcidBase (director) and BVBA Sattua (managing director) · Resignation: BVBA FGC Invest (managing director)12 facts ▸
General meeting, 26-04-2018
Director reappointment, BVBA Sattua (director)
Permanent representative, Bernard Saey
Director reappointment, BVBA FGC Invest (director)
Permanent representative, Jean Vanderstuyft
Director reappointment, BVBA CD-X (director)
Permanent representative, Carl Dewulf
Director appointment, BVBA AcidBase (director)
Permanent representative, Pol-Henry Bonte
Director appointment, BVBA Sattua (managing director)
Director resignation, BVBA FGC Invest (managing director)
Director appointment, BVBA Sattua (chair of the board)
07-05
NBB filingAnnual accounts filed
fiscal year 2017 · full schema
2017
24-11
State Gazette actAppointments: BVBA Sattua (managing director) and BVBA FGC Invest (managing director)
Permanent representatives: Bernard Saey and Jean Vanderstuyft6 facts ▸
Board meeting, 16-10-2017
Director appointment, BVBA Sattua (managing director)
Permanent representative, Bernard Saey
Director appointment, BVBA FGC Invest (managing director)
Permanent representative, Jean Vanderstuyft
Director appointment, BVBA Sattua (chair of the board)
31-10
State Gazette actAppointment: FGC INVEST (director)
Permanent representative: Jean Vanderstuyft · Capital decrease · Capital7 facts ▸
General meeting, 11-10-2017
Capital decrease, €5.368.485,92
Capital, €2.000.000
Director appointment, FGC INVEST (director)
Permanent representative, Jean Vanderstuyft
Share category abolition, categorieën van aandelen A, B en C
Representation, De vennootschap wordt vertegenwoordigd door de voorzitter van de raad van bestuur voor alle akten in en buiten rechte; binnen de grenzen van het dagelijks bestu…
08-06
State Gazette actReappointments: Intrasales (director) and CD-X (director)
Permanent representatives: FGC Invest, Carl Dewulf and 2 others · Appointment: VGD Bedrijfsrevisoren (statutory auditor)8 facts ▸
Mandate term, eindigt onmiddellijk na de jaarvergadering van het jaar tweeduizend en vier
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
28 of 28 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
7 directors, 1 in day-to-day management, no change since 2025
Board 7
CD
CD-X
Director · since 28-04-2016 · Legal entity · perm. rep.: Carl Dewulf
Statutory auditor · since 27-04-2017 · perm. rep.: Jurgen Lelie
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Registered office, Kortrijk · 2 establishment units since 1992
All 2 establishment units on the mapLoading the map
seatestablishmentAll 2 establishment units on the map
Ground area
5.9 ha
Building footprint
4.5 ha
Volume, LiDAR
435,057 m³
2 parcels, Flanders · tallest building 39.8 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Industrielaan(Heu) 4, 8501 Kortrijk
Manufacture of machinery and equipment not elsewhere classified
since 19922.102.865.671
Noordlaan 25, 8520 Kuurne
Manufacture of machinery and equipment not elsewhere classified
since 19922.102.865.770
2 parcels
Flanders2(100%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
34023A0428/00D000
Flanders
3.6 ha
1 · 2.7 ha
39.8 m · 3 fl.
34016B0667/00T000
Flanders
2.3 ha
1 · 1.9 ha
16.4 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met de handel, in het groot en in het klein, de commissiehandel, de consignatie, de verwerking, de fabricatie…
Full purpose
Alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met de handel, in het groot en in het klein, de commissiehandel, de consignatie, de verwerking, de fabricatie van alle metalen of vervangingsmaterialen... de handel in het groot en in het klein... van alle ijzerwaren... het oordeelkundig beheer van eigen roerende en onroerende goederen...
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
4 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 505 companies in sector 46841 we hold annual accounts for 365. 35 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.