SAN HOLDING
ActiveFrom the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette
Summary
SAN HOLDING has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of -€101,470. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 05-06-2025 Normal situation
- Activity
- “La gestion de participations sous n'importe quelle forme dans toutes sociétés belges et étrangères…” (deed in French)From the articles, 9 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.375.860.590 4141 Sprimont, since 05-06-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 07-07-2025
Board and ownership
Board
- NOMAGESTManaging director · permanent representative HANS Julien André Danielle Dominique
- NORIA VHDirector · since 05-06-2025 · permanent representative VALKENBERG Benoît Pierre Michel
- BP ManaConsultDirector · since 27-06-2025 · permanent representative Benjamin Pirard
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- -€952
- Loss
- €101,470
- Equity
- €1.4m
- Total assets
- €2.1m
Filed on 30-08-2026, 30 days after the deadlineat the National Bank
Score breakdownraises riskFounded in 2025Liquidity: current ratio 1.26, cash €25,192lowers riskSize: total assets €2.1mNo main activity registeredShow the evidence
Checked score
Score 2025
91
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 41% of small companies without a NACE code
Financial strength
Average
Solvency
92
equity 67.4% of total assets
Liquidity
51
short-term debt 4.4% · cash 1.2%
Profitability
13
return on assets -4.8%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2026: 2.1%
08-2026: 2.1%● unchanged vs 07-2026highest value
09-2026: 0.1%▼ -2.0 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €120,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is tight, with a current ratio of 1.26, below the usual 1.5. Short-term debt is 4.4% and cash 1.2% of total assets. 32.6% of the assets are financed with debt and provisions.
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 (no NACE code, small). It does better than 58% of them on solvency, 62% on liquidity and 5% on profitability.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 1 filingDeviation from the deadline
2025
30 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Financials
Financials · financial year 2025, full format
2025 annual accounts filed 30 days after the deadline Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00476330.
Annual accounts 2025 filed on 30-08-2026 at the NBB
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€101,470
Working capital
€23,897
Balance-sheet composition
Assets €2.1m
Fixed assets
€2.0m
Current assets
€116,661
Equity and liabilities €2.1m
Equity
€1.4m
Debt
€690,810
Debt's share of the balance-sheet total is 32.6%.
Key figures and ratios
EBITDA
-€1,382
Cash flow
-€100,555
Current ratio
1.26
Debt to equity
0.48
ROE
-7.1%
ROA
-4.8%
Interest coverage
-0.13
Debt ≤ 1 year
€92,764
Debt > 1 year
€596,102
Annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €916 |
| Other operating charges640/8 | €430 |
| Gross operating margin9900 | -€952 |
| Operating profit (loss)9901 | -€2,298 |
| Financial charges65/66B | €99,173 |
| Recurring financial charges65 | €10,642 |
| Non-recurring financial charges66B | €88,530 |
| Profit (loss) for the period before taxes9903 | -€101,470 |
| Profit (loss) for the period9904 | -€101,470 |
| Profit (loss) for the period to be appropriated9905 | -€101,470 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €2.1m | |
| Formation expenses20 | €0.008m | |
| Fixed assets21/28 | €2.0m | |
| Financial fixed assets28 | €2.0m | |
| Current assets29/58 | €0.1m | |
| Amounts receivable within one year40/41 | €0.09m | |
| Other amounts receivable41 | €0.09m | |
| Cash at bank and in hand54/58 | €0.03m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €2.1m | |
| Equity10/15 | €1.4m | |
| Contributions10/11 | €1.5m | |
| Capital10 | €1.5m | |
| Issued capital100 | €1.8m | |
| Uncalled capital101 | €0.2m | |
| Profit (loss) carried forward14 | -€0.1m | |
| Amounts payable17/49 | €0.7m | |
| Amounts payable after more than one year17 | €0.6m | |
| Financial debts170/4 | €0.6m | |
| Amounts payable within one year42/48 | €0.09m | |
| Current portion of amounts payable after more than one year42 | €0.09m | |
| Trade debts44 | €0.001m | |
| Suppliers440/4 | €0.001m | |
| Accrued charges and deferred income492/3 | €0.002m | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€101,470 |
| + Depreciation and write-downs630 | €916 |
| Operating cash flow (approximation) | -€100,555 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 30-08-2026 | 2026-00476330 | NBB |
Board & ownership
Directors
Directors
3 directors, 1 in day-to-day management, no change since 2025
Board 3
NOMAGEST
Current
Director · since 05-06-2025 · Private limited company · permanent representative: HANS Julien André Danielle Dominique · listed in the 2025 annual accounts, filed on 30-08-2026
NORIA VH
Current
Director · since 05-06-2025 · Private limited company · permanent representative: VALKENBERG Benoît Pierre Michel · listed in the 2025 annual accounts, filed on 30-08-2026
BP ManaConsult
Current
Director · since 27-06-2025 · Private limited company · permanent representative: Benjamin Pirard · listed in the 2025 annual accounts, filed on 30-08-2026
Day-to-day management 1
NOMAGEST
Current
Managing director · appointed in the act of 07-11-2025 · Private limited company · permanent representative: HANS Julien André Danielle Dominique
Permanent representatives 3
HANS Julien André Danielle Dominique
Current
Permanent representative · appointed in the act of 10-06-2025 · for NOMAGEST
VALKENBERG Benoît Pierre Michel
Current
Permanent representative · appointed in the act of 10-06-2025 · for NORIA VH
Benjamin Pirard
Current
Permanent representative · appointed in the act of 07-11-2025 · for BP ManaConsult
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 20. Représentation de la société. Sans préjudice aux pouvoirs conférés aux mandataires spéciaux et à ce qui est prévu pour la…”
deed of 10-06-2025Owners and capital
Shareholders
At incorporation
act of 10-06-2025 ↗
- DW INVEST (BE 1020.952.120) 300 shares · in cash
- BCINVEST (BE 0768.460.031) 200 shares
- ALBA INVEST (BE 1020.952.318) 40 shares
- VALKENBERG Benoît Pierre Michel 225 shares
- HANS Julien André Danielle Dominique 720 shares
- PIRARD Benjamin Jean Fernand Florentin 135 shares · €135,000 in kind
- BP MANACONSULT (BE 0746.736.385) 135 shares · €135,000 in kind
Capital transactions
Capital over time
- 10-06-2025 Incorporation · €1,755,000 · 1,755 shares
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck off
1 other company of this director went bankrupt (2024).
- NEW ISSOL bankruptcy on 28-03-2024Official Gazettemandate until 2023
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Mandate history
5 people, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| NOMAGEST |
|
| NORIA VH |
|
| BP ManaConsult |
|
| CATTIN Bruno René Raoul |
|
| Julien HANS |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Conseil d'administration, six ans”“Temps nécessaire achèvement mandat remplacé sauf décision contraire assemblée, vacance”“Présidence, peut élire parmi membres”“Lieu indiqué convocations, réunions”“Administrateur empêché ou absent peut donner mandat écrit,email ou support écrit ou assimilé à écrit selon loi à collègue pour réunion…”“Procès-verbaux, registre spécial,délégations et avis annexés”“Tous actes nécessaires ou utiles réalisation objet, ceux loi réserve à assemblée générale”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives tenu au siège social accessible à tout actionnaire avec mentions requises par le Code des…”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Toute cession ou transmission volontaire ou forcée,entre vifs ou pour cause de mort,à titre onéreux ou gratuit,en usufruit,nue-propriété ou…”
Audit, dissolution and liquidation
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Article 41, assemblée détermine pouvoirs et rémunération éventuelle”
Articles of association, deed of 10-06-2025 (in French)
Network & group
Connections & network
5 connected companiesThis company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
2026
30-08
financial year 2025 · full format · 30 days late
2025
07-11
Gazette deed
Resignations: Julien HANS (daily management delegate) and Bruno Cattin (director)Appointments: NOMAGEST (managing director) and BP ManaConsult (director) · Permanent representative: Benjamin Pirard · Correction8 points ▸
Gazette deed
Resignations: Julien HANS (daily management delegate) and Bruno Cattin (director)
Appointments: NOMAGEST (managing director) and BP ManaConsult (director) · Permanent representative: Benjamin Pirard · Correction8 points ▸
- Board meeting, 27-06-2025
- Correction, “data concerning the mandate of Julien HANS in Moniteur Belge and BCE, rectification of material error in constitutive act, article 4 of transitional provisions” (deed in French)
- Director resignation, Julien HANS (daily management delegate)
- Director appointment, NOMAGEST (managing director)
- General meeting
- Director resignation, Bruno Cattin (director)
- Director appointment, BP ManaConsult (director)
- Permanent representative, Benjamin Pirard
10-06
Gazette deed
IncorporationAppointments: NOMAGEST, CATTIN Bruno René Raoul and NORIA VH · Permanent representatives: HANS Julien André Danielle Dominique and VALKENBERG Benoît Pierre Michel · Founder31 points ▸
Gazette deed
Incorporation
Appointments: NOMAGEST, CATTIN Bruno René Raoul and NORIA VH · Permanent representatives: HANS Julien André Danielle Dominique and VALKENBERG Benoît Pierre Michel · Founder31 points ▸
- Incorporation, 04-06-2025
- Founder, DW INVEST
- Founder, BCINVEST
- Founder, ALBA INVEST
- Founder, VALKENBERG Benoît Pierre Michel
- Founder, HANS Julien André Danielle Dominique
- Founder, PIRARD Benjamin Jean Fernand Florentin
- Founder, BP MANACONSULT
- Founding capital, €1,755,000
- Capital contribution, mentioned 5 times in the deed
- Bank account, “BELFIUS BANQUE, BE48 0689 5604 1727” (deed in French)
- Other provision, “attestation dépôt numéraire”, 75000 (deed in French)
- The act holds 19 more points.
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
SAN HOLDING was incorporated on 5 June 2025 as a public limited company by DW INVEST, BCINVEST, two other companies and three natural persons, with a starting capital of €1.8m.12 The board currently has 3 members, 2 of whom have served since 2025.3 The company has filed annual accounts once, for financial year 2025.3
Company details
Register details
Identity
KBO recordName
SAN HOLDING in French
Enterprise number
1024.031.077
Legal form
Public limited company
Status
Active, normale toestand
Founded
05-06-2025
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 10-06-2025 (in French)Name clauseThe company operates under this name according to its articles.
SAN HOLDING
deed of 10-06-2025 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région wallonne, établir ou supprimer sièges administratifs ou d'exploitation, agences, ateliers, dépôts et succursales tant en Belgique…”
deed of 10-06-2025 (in French)Registered office and establishments
Registered office
Rue du Pérréon(LVG) 66, 4141 Sprimont, Belgium
Establishments
1 establishment unit since 2025
Activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 10-06-2025 (in French)
“La gestion de participations sous n'importe quelle forme dans toutes sociétés belges et étrangères, tant en vue de les valoriser qu'en…”
9 activities
- La gestion de participations sous n'importe quelle forme dans toutes sociétés belges et étrangères, tant en vue de les valoriser qu'en exercice pur et simple de mandats d'administration
- La prestation de tous services administratifs, informatiques, financiers, de gestion et de management au sens le plus large
- L'exploitation de toutes licences, de tous brevets et marques
- Toutes opérations d'agents d'affaires, de commissionnaire en marchandises ou prestataire de services
- L'étude, la création, l'acquisition, le vente, le mise en valeur, l'exploitation, la direction, la gérance, la régie, l'organisation, le financement, le contrôle de toutes affaires ou entreprises industrielles, commerciales, financières, mobilières ou immobilières
- L'acquisition, par la voie d'achat ou autrement, de toutes valeurs mobilières, toutes créances, toutes parts d'associés, toutes participations dans toutes entreprises industrielles, commerciales ou financières, l'accomplissement pour elle-même de tous actes de gestion de portefeuille ou de capitaux, la commandite de toutes entreprises, la constitution par voie d'apport ou autrement de toutes sociétés ou syndicat, bref, toutes opérations propres aux sociétés à portefeuille
- La gestion de biens immobiliers pour son compte propre sous toutes ses formes. En conséquence, la société pourra acheter, vendre, mettre en valeur, donner en location ou prendre en location, gérer, administrer, entretenir, améliorer, construire et reconstruire, tout Immeuble ou partie d'immeuble
- Effectuer des placements mobiliers pour son compte propre à court, moyen ou long terme
- L'achat, le vente, la représentation, l'importation, l'exportation, le courtage de tous produits manufacturés ou non, marchandises et matières premières
Invoicing and payment
VAT number
BE 1024.031.077
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
1 establishment unit
SAN HOLDING
since 2025unit number 2.375.860.590
Buildings and parcels at the address
Ground area
1,063 m²
Parcel 62067F0517/00F000, Wallonia.
1 parcel
Wallonia
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62067F0517/00F000 | Wallonia | 1,063 m² | - | - |