Losses
-€6.3m in nine years
Every financial year from 2017 to 2025 closed with a loss. 2021 was the heaviest.
SANGLIER DES ARDENNES BY BRU
Lifetime
20 annual accounts with figures on one time axis, 38 filings since 1988peak €1.0m (2023)
-not published
lowest -€1.5m (2021)
-€468,863▲ €106,711
peak €21.0m (2018)
€15.1m▼ 3.0%
€31.3munchanged
peak 15.4 FTE (2025)
15.4 FTE▲ 11.6%
Board11 names since 2017
2 directorsNaxival SRL and 1 other
Owners5 names in the annual accounts
77.35%SDA Group and 1 other
Documentsfilings and deeds
13-08-202613 days late
2025financial year
Loss of €468,863Staff from 13.8 FTE to 15.4 FTE3 directors appointed, 2 resignations 08-09Cash from €152,259 to €274,983
Key points
from the 2025 annual accountsInvestments
€266,629 0.3 × depreciation
Green is investment, beige is depreciation.
Staff
4 employees on 31-12-2025
In 2025, 830 short contracts started and 829 ended, on average 33 hours worked per contract. Staff averaged 15 full-time equivalents. On top of that, 1 agency workers worked there on average.
Payment terms
38 days to suppliers
SANGLIER DES ARDENNES BY BRU pays its suppliers 17 days later than in 2024. Customers pay 12 days later.
Filings
38 annual accounts since 1988
Nine of the last ten came late. The 2016 accounts came latest: 30 days after the end of the period.
Position in the sector
-€468,863
Lower net result than 88% of companies in accommodation. Sector median €10,455 · 518 companies.
Checked score
87
Excellent
Financially stronger than 46% of small companies in accommodation (NACE 55)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 579 companies (NACE 55, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.6%▲ +0.3 percentage points vs 07-2025highest value
09-2025: 0.2%▼ -0.4 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026lowest value
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.4 percentage points vs 07-2026
09-2026: 0.2%▼ -0.4 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.42, cash €274,983
Loss of €468,863, the second in a row (financial year 2025)
lowers risk
Founded in 1987
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, small). It does better than 55% of them on solvency, 56% on liquidity, 43% on profitability and 31% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €300,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.42 (0.34 in 2024), below 1. Short-term debt is 3.3% and cash 0.6% of total assets. 67.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€468,863
raises risk · 2025 accounts filed 13 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
13 days late
2024
4 days late
2023
8 days late
2022
18 days late
2021
30 days late
2020
19 days late
2019
21 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days after the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
NS
Naxival SRL
Director, Bernard Van Beek, since 25-06-2025
- SDA Group 77.35%equity €52.0m (2025) · 2025 annual accounts of SDA Group
- SDA HOLDING 23%equity €19.0m (2025) · 2025 annual accounts of SDA HOLDING
- BRU CONSULT 0.8%score 90equity €269,498 (2025) · 2022 annual accounts of BRU CONSULT
Shares in 6 companies, including Immo Sanglier des Ardennes and LE SANGLIER DES ARDENNES
Board & ownershipRecent changes
3 directors appointed, 2 resignations
Resignations: BVJS BV and Aubisque BV · Appointments: Bluebold RRL, Naxival SRL and SDA Holding SA · General meeting of 30-05-2025 · Gazette deed
1 director appointed, 1 resignation
Resignation: Idea4Business BV · Permanent representatives: Wolf Vandekerckhove and Ben Jansen · Appointment: BVJS BV · General meeting of 25-06-2024 · Gazette deed
Amendment of the articles
General meeting of 13-11-2023 · Gazette deed
New director
Bluebold BV appointed, Crescemus BV resigned · Permanent representatives: Pieter Bourgeois and Benoit Bronckart · General meeting of 14-09-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SANGLIER DES ARDENNES BY BRU Durbuy | €3.0m | -4.3% | 32.5% | 15.4 |
| EuroParcs de Hoge Kempen Zutendaal | €13.5m | 21.0% | 6.5% | 7.2 |
| A&C HOLDING De Haan | - | - | 96.1% | 7.3 |
| SEAPROMOTION Bredene | - | - | 74.8% | 12.4 |
| MARVA PARKEN Middelkerke | - | - | 81.2% | 16.5 |
| KOMPAS CAMPING Nieuwpoort | - | - | 22.9% | 24.6 |
| Camping Blauwe Meer Lommel | - | - | 41.4% | 21.1 |
Grey: the largest companies of the sector (accommodation (NACE 55)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SANGLIER DES ARDENNES BY BRU: accommodation (NACE 55300). They are comparable in size and age: total assets between €13m and €43m, founded between 1971 and 2007.
Official details
Source: KBO- Status
- Active since 31-12-1987Normal situation
- Registered office
- 15 active companies are registered at this addressSource: KBO register, as of 11 November 2026.
- Activity
- AccommodationNACE 55300
- Establishment unit
- 2.032.374.8806940 Durbuy, since 15-01-1988
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €46.4m▼ 1.0%
- Employeeson 31-12-2025
- 4▲ 33.3%
- Filing
- Filed on 13-08-2026
Companies linked to SANGLIER DES ARDENNES BY BRU
Parent and group
Subsidiaries and holdings
- THERIVER100%
- VAGATO100%
- VOLCANO100%
- Immobilière de la Ferme Au Chêne90%
Insights on SANGLIER DES ARDENNES BY BRU
SANGLIER DES ARDENNES BY BRU has existed since 1987. In 2019 the gross margin rose from €163,793 to €379,195 and staff from 2.2 to 4.4 full-time equivalents.
SDA Group holds 77.35% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SANGLIER DES ARDENNES BY BRU
- What is the company number of SANGLIER DES ARDENNES BY BRU?
- The company number of SANGLIER DES ARDENNES BY BRU is 0432.925.153. The VAT number is the same number with BE in front: BE 0432.925.153.
- Where is SANGLIER DES ARDENNES BY BRU based?
- The registered office is at Rue Rome 1, 6940 Durbuy.Company details
- What does SANGLIER DES ARDENNES BY BRU do?
- According to the KBO register, the main activity is accommodation (NACE 55300).
- What is the legal form of SANGLIER DES ARDENNES BY BRU?
- SANGLIER DES ARDENNES BY BRU is a public limited company (NV).
- When was SANGLIER DES ARDENNES BY BRU founded?
- SANGLIER DES ARDENNES BY BRU was founded on 31-12-1987.
- Is SANGLIER DES ARDENNES BY BRU still active?
- Yes, SANGLIER DES ARDENNES BY BRU is an active enterprise in the KBO register.
- How many employees does SANGLIER DES ARDENNES BY BRU have?
- SANGLIER DES ARDENNES BY BRU had an average of 15.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of SANGLIER DES ARDENNES BY BRU?
- The turnover of SANGLIER DES ARDENNES BY BRU was €3.0m in financial year 2025, according to the filed annual accounts.
- Is SANGLIER DES ARDENNES BY BRU profitable?
- In financial year 2025, SANGLIER DES ARDENNES BY BRU made a loss of €468,863.
- Where can I find the annual accounts of SANGLIER DES ARDENNES BY BRU?
- SANGLIER DES ARDENNES BY BRU filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SANGLIER DES ARDENNES BY BRU due?
- SANGLIER DES ARDENNES BY BRU must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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