SAN
ActiveSummary
The computed 12-month bankruptcy probability of SAN is 1.9% (moderate). The 2024 annual accounts show negative equity (-€6,965) and a net result of €0. Equity is shrinking by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 36386 sector peers (fiscal year 2024). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability38▲+38
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2024Age of the figures
Age of the figures
24 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 36386 sector peers (2024).
NBB · sector comparisonPosition among 36386 sector peers
Solvency
better than 5%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 151 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 29-09-2025, 152 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
152 d late
2023
2 d early
2022
3 d early
2021
on the day
2020
on the day
2019
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€0
Total assets
€12=
2023 · €12
Net result
€0
2023 · -€933
Working capital
-€6,965=
2023 · -€6,965
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
favourable
unfavourable
Line20202021202220232024
Turnover€0
Operating result-€1,148▲ 10.2%-€1,295▼ 12.9%-€603▲ 53.4%-€886▼ 46.9%€0
Net result-€1,225below the sector's middle half▲ 12.9%-€1,336below the sector's middle half▼ 9.1%-€634below the sector's middle half▲ 52.6%-€933below the sector's middle half▼ 47.3%€0below the sector's middle half
Equity-€4,063below the sector's middle half▼ 43.1%-€5,399below the sector's middle half▼ 32.9%-€6,032below the sector's middle half▼ 11.7%-€6,965below the sector's middle half▼ 15.5%-€6,965below the sector's middle half=
Total assets€5,007below the sector's middle half▼ 0.8%€4,790below the sector's middle half▼ 4.3%€1below the sector's middle half▼ 100.0%€12below the sector's middle half▲ 1,388%€12below the sector's middle half=
Debt€9,070▲ 15.0%€10,189▲ 12.3%€6,033▼ 40.8%€6,978▲ 15.7%€6,978=
Working capital-€4,063below the sector's middle half▼ 40.2%-€5,399below the sector's middle half▼ 32.9%-€6,032below the sector's middle half▼ 11.7%-€6,965below the sector's middle half▼ 15.5%-€6,965below the sector's middle half=
Solvency-81.1%below the sector's middle half▼ 24.9pp
Current ratio0.55below the sector's middle half▼ 0.08
Return on assets (ROA)-24.5%below the sector's middle half▲ 3.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is zero in 2024, compared with -€886 in 2023.
Key figures and ratios
Debt ≤ 1 year
€6,978=
2023 · €6,978
Ratios withheld: a balance sheet total of €12 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.1%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% 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%.
| 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 1,448 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €0 | - |
| Remuneration, social security and pensions62 | - | - | - | €62 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60 | - | - | - | - | - |
| Other operating charges640/8 | - | €423 | €62 | - | €0 | - |
| Gross operating margin9900 | -€990 | -€873 | -€541 | -€824 | - | - |
| Operating profit (loss)9901 | -€1,148 | -€1,295 | -€603 | -€886 | €0 | ▲ 100% |
| Financial charges65/66B | - | €41 | €31 | €47 | €0 | ▼ 100% |
| Recurring financial charges65 | €77 | €41 | €31 | €47 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€1,225 | -€1,336 | -€634 | -€933 | €0 | ▲ 100% |
| Profit (loss) for the period9904 | -€1,225 | -€1,336 | -€634 | -€933 | €0 | ▲ 100% |
| Profit (loss) for the period to be appropriated9905 | -€1,225 | -€1,336 | -€634 | -€933 | €0 | ▲ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5,007 | €4,790 | €1 | €12 | €12 | = |
| Current assets29/58 | €5,007 | €4,790 | €1 | €12 | €12 | = |
| Stocks and contracts in progress3 | €1,250 | €1,250 | - | - | - | - |
| Stocks30/36 | - | €1,250 | - | - | - | - |
| Amounts receivable within one year40/41 | €2,903 | €2,286 | - | - | - | - |
| Trade receivables40 | - | €2,286 | - | - | - | - |
| Cash at bank and in hand54/58 | €4 | €405 | €1 | €12 | €12 | = |
| Deferred charges and accrued income490/1 | - | €850 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5,007 | €4,790 | €1 | €12 | €12 | = |
| Equity10/15 | -€4,063 | -€5,399 | -€6,032 | -€6,965 | -€6,965 | = |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €16,308 | €16,308 | €16,308 | €16,308 | €16,308 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | €14,448 | €14,448 | €14,448 | €14,448 | = |
| Profit (loss) carried forward14 | -€32,770 | -€34,106 | -€34,740 | -€35,673 | -€35,673 | = |
| Amounts payable17/49 | €9,070 | €10,189 | €6,033 | €6,978 | €6,978 | = |
| Amounts payable within one year42/48 | €9,070 | €10,189 | €6,033 | €6,978 | €6,978 | = |
| Trade debts44 | €601 | €772 | €250 | €557 | €557 | = |
| Suppliers440/4 | - | €772 | €250 | €557 | €557 | = |
| Other amounts payable47/48 | - | €9,417 | €5,783 | €6,421 | €6,421 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,225 | -€1,336 | -€634 | -€933 | €0 | ▲ 100% |
| + Depreciation and write-downs630 | €60 | - | - | - | - | - |
| Operating cash flow (approximation) | -€1,164 | -€1,336 | -€634 | -€933 | €0 | ▲ 100% |
| Change in cash | - | €401 | -€404 | €12 | €0 | ▼ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 152 days late
2024
28-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
29-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
NBB filing
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 1999
Ground area
1,877 m²
Building footprint
248 m²
Volume, LiDAR
1,371 m³
Parcel 71305F0565/00F004, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Priesterhaagstraat 38, 3600 Genk
since 19992.090.120.069
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71305F0565/00F004 | Flanders | 1,877 m² | 1 · 248 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-12-1998
Fiscal year end30-09
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
47820Retail sale of motor vehicle parts and accessories
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464781537
Registered
01-06-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.