(S)anders
Active(S)anders has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-13k) and a net result of €-7k. Equity is shrinking by ~154.3% per year across the filed fiscal years. Its solvency ranks better than 11% of 1966 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
20
/ 100
Critical▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency38▲+2
Growth32=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69 against 0.64 in 2024), and equity is negative.
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-36.1%
Return on assets
-21.4%
Age of the figures
8 mo
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
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€13k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
2 d early
2024
5 d late
2023
6 d early
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-13k▼ 145%
2024 · €-5k
2023: €3k
2024: €-5k
2023 → 2025
Total assets
€35k▲ 63.7%
2024 · €21k
2023: €21k
2024: €21k
2023 → 2025
Net result
€-7k▲ 44.6%
2024 · €-13k
2023: €3k
2024: €-13k
2023 → 2025
Working capital
€-15k▼ 54.8%
2024 · €-10k
2023: €-2k
2024: €-10k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€3k-€-5k€-13k▼ 145%
Operating result€4k-€-13k€-7k▲ 46.8%
Net result€3k-€-13k€-7k▲ 44.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €13k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35k
Fixed assets
€2k▼ 49.7%
Current assets
€32k▲ 93.3%
Key figures and ratios
EBITDA
€-5k▲
2024 · €-10k
Cash flow
€-5k▲
2024 · €-11k
Solvency
-36.1%▼
2024 · -24.2%
Current ratio
0.69▲
2024 · 0.64
Quick ratio
0.69▲
2024 · 0.64
Debt / equity
-3.77▲
2024 · -5.14
ROE
59.2%▼
2024 · 261.5%
ROA
-21.4%▲
2024 · -63.2%
Interest coverage
-6.91▲
2024 · -16.46
Debt
€47k▲
2024 · €26k
Debt ≤ 1 year
€47k▲
2024 · €26k
Income taxes
€0▼
2024 · €0
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€21k€35k▲
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€4k€2k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€776€201▼
Current assets29/58€17k€32k▲
Amounts receivable within one year40/41€4k€26k▲
Trade receivables40€3k€23k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€6k€27▼
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€21k€35k▲
Equity10/15€-5k€-13k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-13k€-21k▼
Amounts payable17/49€26k€47k▲
Amounts payable within one year42/48€26k€47k▲
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€1k€5k▲
Suppliers440/4€1k€5k▲
Taxes, remuneration and social security45€1k€1k=
Taxes450/3€1k€1k=
Other amounts payable47/48€24k€38k▲
Accrued charges and deferred income492/3-€32
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€-9k€-4k▲
Operating profit (loss)9901€-13k€-7k▲
Financial income75/76B€1€56▲
Recurring financial income75€1€56▲
Financial charges65/66B€604€669▲
Recurring financial charges65€604€669▲
Profit (loss) for the period before taxes9903€-13k€-7k▲
Income taxes67/77€0€0▼
Profit (loss) for the period9904€-13k€-7k▲
Profit (loss) for the period to be appropriated9905€-13k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-21k▼
Profit (loss) brought forward from the previous period14P€0€-13k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (8 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Weakest financial yearnet €-13k ▼568%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
VANDEZANDE Sander
CurrentDirector · since 08-04-2024
08-04-2024
VANDEZANDE Sander: Appointed as Director
08-04-2024
VANDEZANDE Sander Erik Leopold: Resigned as Manager
Location & real-estate footprint
Registered office, Lummen · 1 establishment unit since 2011
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.
Jantenstraat 233560 LummenGround area
1,602 m²
Building footprint
178 m²
Volume, LiDAR
814 m³
Parcel 71037A1527/00L000, Flanders · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ASVDZ
since 20112.201.771.821
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037A1527/00L000 | Flanders | 1,602 m² | 1 · 178 m² | 7.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
COMM4YOU
BE 0788.643.553
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GIGS Entertainment
BE 0674.767.632
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GO ON
BE 0470.176.618
Sint-Martens-Latem · Eq €3k
AUTEURSBUREAU ALMO
BE 0425.496.141
Antwerpen · Eq €4k
MDM-concepts
BE 0798.964.452
Brecht · Eq €4k
Of 3,379 companies in sector 90393 we hold annual accounts for 930. 246 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-08-2011
Fiscal year end31-12
Activities, NACEBEL
90393Specialised image, lighting and sound technical services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 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.