Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Sainz BidCo is 0.3% (very low). The 2024 annual accounts show equity of €206.21M and a net result of €9.67M. Its solvency ranks better than 72% of 972 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Filing behaviour
From the deposit records, complete market-wide| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2024 | 31-07-2025 | 16-06-2025 | 45 d early | 2025-00149803 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsAdministrative Flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Annual accounts & ratios
Source: NBB · 2024| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 66.5% | 39.7% | |
| Net result | €9.67M | €32k | |
| Equity | €206.21M | €152k | |
| Total assets | €310.09M | €748k |
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €2.29M |
| EBITDA | - |
| Net profit | €9.67M |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €4k |
| Dividends | - |
| Total assets | €310.09M |
| Equity | €206.21M |
| Debt | €103.87M |
| of which ≤ 1y | €11.81M |
| of which > 1y | €90.00M |
| Working capital | €-2.29M |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.81 |
| Quick ratio | 0.81 |
| Working capital ratio | -0.7% |
| Solvency | 66.5% |
| Debt / equity | 0.50 |
| Long-term debt ratio | 0.44 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | 421.2% |
| ROA | 3.1% |
| ROE | 4.7% |
| EBITDA margin | - |
| Days sales outstanding | 162d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €310.09M |
| Fixed assets | 21/28 | €300.56M |
| Financial fixed assets | 28 | €300.56M |
| Current assets | 29/58 | €9.53M |
| Amounts receivable within one year | 40/41 | €8.25M |
| Cash & bank | 54/58 | €1.28M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €310.09M |
| Equity | 10/15 | €206.21M |
| Contributions / capital | 10/11 | €196.55M |
| Accumulated profits (losses) | 14 | €9.67M |
| Amounts payable | 17/49 | €103.87M |
| Amounts payable after one year | 17 | €90.00M |
| Amounts payable within one year | 42/48 | €11.81M |
| Trade debts payable within one year | 44 | €685k |
| Income statement | ||
| Turnover | 70 | €2.29M |
| Operating result | 9901 | €-6.89M |
| Financial income | 75 | €23.66M |
| Financial charges | 65 | €7.11M |
| Result before taxes | 9903 | €9.67M |
| Income taxes | 67/77 | €4k |
| Net result for the period | 9904 | €9.67M |
| Result to be appropriated | 9905 | €9.67M |
Health barometer
FY 2024 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Directors
Directors & mandates
3 directors-
AstraLogix BVLegal entityDirector· perm. rep.: Wim De BruyneState Gazette act 25143825 (12-11-2025)Current16-10-2025 → present
-
BFTC SASLegal entityDirector· perm. rep.: Yves BonnefontState Gazette act 25143825 (12-11-2025)Current16-10-2025 → present
Former directors (1)
-
Former- → 16-10-2025
Insolvency mandates
Legal Structure
| NACE primary | Activiteiten van hoofdkantoren(70100) |
| Legal form | Private limited company(610) |
| Incorporation | 30-11-2023 |
| Status | Active |
| Postal code | 9052 |
Structure & network
Connections & network
4 connected companiesOwnership & control
1 partyEach band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082B0143/00G000 | Flanders | 7,117 m² | 1 · 2,054 m² | 10.2 m · 1 fl. |
Publications
Lifecycle & Insolvency Signals
Belgisch Staatsblad · acts
7 acts29-07-2026 Act object · Notarial deed · Incorporation · Founder
- Act object: OPRICHTING · LTIP GovCo
- Publication: 29/07/2026 · LTIP GovCo
- Filing: 27-07-2026 · LTIP GovCo
- Notarial deed: 24-07-2026 · LTIP GovCo
- Incorporation: 24-07-2026 · LTIP GovCo
- Founder · Sainz BidCo
- Purpose: De stichting wordt opgericht ter verwezenlijking van het volgende belangeloos doel: (i) het bevorderen van een stabiel houderschap van effecten van de vennootschap(pen) waarvan de aandelen, winstbewijzen, converteerbare obligaties, inschrijvingsrechten of enige andere effecten worden gecertificeerd onder de voorwaarden zoals bepaald in de Administratievoorwaarden (zoals hierna gedefinieerd), zijnde van (a) Sainz TopCo, een besloten vennootschap naar Belgisch recht, met zetel te Technologiepark-Zwijnaarde 84, 9052 Gent en ingeschreven in de Kruispuntbank van Ondernemingen onder nummer 1002.714.536 en/of van (b) enige met Sainz TopCo BV verbonden vennootschappen (in de zin van artikel 1:20 WVV) en/of enige van haar rechtsopvolgers onder algemene titel van rechtsopvolging (hierna de "Vennootschap”); en (ii) het beheer en de bescherming van de vermogensrechten verbonden aan dergelijke aandelen, winstbewijzen, converteerbare obligaties, inschrijvingsrechten of enige andere effecten ten behoeve van de certificaathouders van de stichting. · LTIP GovCo
- Officer appointment: role: enige bestuurder, term: onbepaalde duur, start_date: 2026-07-24 · Sainz BidCo
- Permanent representative · DE BRUYNE Wim François Georges
- Mandate compensation: onbezoldigd · Sainz BidCo
- First fiscal year: end: 31-12-2027, start: 24-07-2026 · LTIP GovCo
12-11-2025 2 directors appointed, 1 resigning
- Wim De Bruyne, Bestuurder
- Yves Bonnefont, Bestuurder
- Didier Seillier, Bestuurder
19-02-2024 Capital increase of €96,278,658
19-02-2024 Registered office moved from Brussel to Gent
- Louizalaan 489, 1050 Brussel → Technologiepark-Zwijnaarde 84, 9052 Gent
19-02-2024 Capital increase of €100,259,926
14-12-2023 Transaction in capital or shares
04-12-2023 Incorporation of a new SRL
Analysis
Snowflake analysis
financial profile on 5 axesStrong profile, led by solvency.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
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Credit advice
verdict per customer and amountSimilar
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Company registry (CBE)
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