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SAGEVAS

Active
Public limited companyfounded 2011active for 15 yearsLouizalaan 209A, 1050 Elsene, Belgium274 active companies are registered at this addressKBO/BCE: BE 0832.457.166
Summary

SAGEVAS has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18.2m and a net result of -€1.2m. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 65% of 57 sector peers (NACE 92, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow ReportCompare
SAGEVASActiveChecked score 86/100
Risk analysis ReportCompare

Directors

Directors
3 directors, no change since 2026

Board 3

Arnaud Delmarcelle
Director · since 01-12-2023
Current
OPEN2MARKET
Director · since 31-12-2025 · Private limited company · permanent representative: Timothy Mastelinck
Current
OPEN2MARKET SRL
Director · since 29-12-2025 · Legal entity · from a recent deed
Current
3 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
SOCIETE D'IMPRIMERIE COMMUNE
Director · since 24-12-2010 · Legal entity · permanent representative: Denis PIERRARD
Not recently confirmed
BF CAPITAL MALTA LIMITED
Director · since 13-07-2018 · Legal entity · permanent representative: Jacques D. ELALOUF
Not recently confirmed
IPM Press Print
Director · Legal entity · permanent representative: Denis Pierrard
Not recently confirmed

Permanent representatives 1

Timothy Mastelinck
Permanent representative · since 31-12-2025 · for OPEN2MARKET
Current
2 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
Jacques D. ELALOUF
Permanent representative · since 13-07-2018 · for BF CAPITAL MALTA LIMITED
Not recently confirmed
Denis Pierrard
Permanent representative · for IPM Press Print
Not recently confirmed

Statutory auditor 1

RSM INTERAUDIT
Statutory auditor · since 14-06-2013 · permanent representative: Marie Delacroix
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

16 people since 2010, 7 in office
Show
  • Board
  • Day-to-day management
  • Permanent representative
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Arnaud Delmarcelle
  • Director, from 01-12-2023 to date
OPEN2MARKET SRLfrom an act
  • Director, from 29-12-2025 to date
OPEN2MARKET
  • Director, from 31-12-2025 to date
RSM INTERAUDIT
  • Statutory auditor, from 14-06-2013 to date
SOCIETE D'IMPRIMERIE COMMUNE
  • Director, from 24-12-2010 not ended, last confirmed 13-01-2011
IPM Press Print
  • Director, from before 16-08-2016 not ended, last confirmed 16-08-2016
BF CAPITAL MALTA LIMITED
  • Director, from 13-07-2018 not ended, last confirmed 21-08-2018
FINADEL
  • Director, from 01-12-2023 to 15-12-2025
  • Board, until 08-04-2026
Alexis Murphy
  • Director, from 03-04-2017 to 29-12-2025
  • Managing director, from 03-04-2017 to 29-12-2025
Peter Thurston
  • Director, from 05-07-2023 to 01-12-2023
Pontus Lindwall
  • Director, from 05-07-2023 to 01-12-2023
Axemedia
  • Director, from 24-12-2010 to 05-07-2023
IPM Group
  • Chair, from 24-12-2010 ended, last mentioned 13-01-2011
  • Director, from 24-12-2010 to 05-07-2023
  • Managing director, from 24-12-2010 to 05-07-2023
IPM Petite Ile
  • Director, from before 30-01-2023 to 05-07-2023
MAJA
  • Director, from 24-12-2010 to 05-07-2023
Cédric van Kan
  • Permanent representative, until 04-06-2012
See the board, name and registered office on a given date →

Owners and capital

Owners

Chain of control

  1. Betsson ABSE ultimately, LEI
  2. SAGEVAS

Highest known parent: Betsson AB (Sweden). The sources do not say who stands above it.

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

According to the 2025 annual accounts of SAGEVAS and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Shareholders according to the deeds
Stated in the act act of 29-12-2025 ↗
  • Betsson Perch Investments AB all shares
Stated in the act act of 15-12-2025 ↗
  • Betsson Perch Investments AB all shares
After the capital increase act of 31-12-2014 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 13-07-2023 Capital stated in the deed · €2,161,500 · 2,165,000 shares
  2. 21-08-2018 Capital stated in the deed · €2,161,500 · 2,161,500 shares
  3. 31-12-2014 Capital increase of €1,500,000 · to €2,161,500 · 1,500,000 new shares
  4. 07-01-2014 Capital increase of €600,000 · to €661,500 · 600,000 new shares
  5. 13-01-2011 Incorporation · €61,500 · 61,500 shares

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