SANDENA
ActiveSANDENA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €165k and a net result of €26k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 41% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+21
Solvency70▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.02 in 2024; short-term debt: 37.6% and cash: 0% of total assets), and 54.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.1%
Return on assets
7.2%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
13 d early
2023
30 d late
2022
31 d late
2021
2 d early
2020
31 d late
2019
18 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€165k▲ 18.3%
2024 · €140k
2018: €93k
2019: €115k
2020: €102k
2021: €129k
2022: €136k
2023: €132k
2024: €140k
2018 → 2025
Total assets
€366k▼ 2.2%
2024 · €374k
2018: €466k
2019: €456k
2020: €441k
2021: €427k
2022: €417k
2023: €403k
2024: €374k
2018 → 2025
Net result
€26k▲ 238%
2024 · €8k
2018: €22k
2019: €22k
2020: €-13k
2021: €27k
2022: €7k
2023: €15k
2024: €8k
2018 → 2025
Working capital
€-130k▲ 5.5%
2024 · €-138k
2018: €-84k
2019: €-85k
2020: €-100k
2021: €-100k
2022: €-105k
2023: €-128k
2024: €-138k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€129k-€136k▲ 5.7%€132k▼ 3.2%€140k▲ 6.0%€165k▲ 18.3%
Operating result€49k-€22k▼ 55.6%€31k▲ 43.3%€19k▼ 38.3%€44k▲ 127%
Net result€27k-€7k▼ 72.3%€15k▲ 106%€8k▼ 48.0%€26k▲ 238%
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 recovers in 2025; 2025 is 127% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €366k
Fixed assets
€358k▼ 3.4%
Current assets
€8k▲ 133%
Equity and liabilities €366k
Equity
€165k▲ 18.3%
Debt
€201k▼ 14.4%
The debt ratio falls from 62.7% to 54.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k▲
2024 · €32k
Cash flow
€39k▲
2024 · €20k
Solvency
45.1%▲
2024 · 37.3%
Current ratio
0.06▲
2024 · 0.02
Quick ratio
0.06▲
2024 · 0.02
Debt / equity
1.22▼
2024 · 1.68
ROE
16.0%▲
2024 · 5.6%
ROA
7.2%▲
2024 · 2.1%
Interest coverage
8.73▲
2024 · 4.27
Debt
€201k▼
2024 · €235k
Debt ≤ 1 year
€138k▼
2024 · €141k
Debt > 1 year
€63k▼
2024 · €94k
Income taxes
€11k▲
2024 · €4k
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€374k€366k▼
Fixed assets21/28€371k€358k▼
Tangible fixed assets22/27€371k€358k▼
Land and buildings22€371k€358k▼
Plant, machinery and equipment23€423€212▼
Current assets29/58€3k€8k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€2k€7k▲
Trade receivables40€880€643▼
Other amounts receivable41€1k€6k▲
Cash at bank and in hand54/58€460€116▼
Deferred charges and accrued income490/1€648€680▲
Equity and liabilities
Total equity and liabilities10/49€374k€366k▼
Equity10/15€140k€165k▲
Contributions10/11€29k€29k=
Revaluation surpluses12€16k€16k=
Reserves13€95k€120k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€95k€120k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€235k€201k▼
Amounts payable after more than one year17€94k€63k▼
Financial debts170/4€94k€63k▼
Amounts payable within one year42/48€141k€138k▼
Current portion of amounts payable after more than one year42€32k€31k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€2k€912▼
Suppliers440/4€2k€912▼
Taxes, remuneration and social security45€17k€21k▲
Taxes450/3€17k€21k▲
Other amounts payable47/48€90k€85k▼
Accrued charges and deferred income492/3€0€133▲
Income statement
Code20242025
Non-recurring operating income76A€390€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€4k€3k▼
Gross operating margin9900€36k€60k▲
Operating profit (loss)9901€19k€44k▲
Financial income75/76B€50€290▲
Recurring financial income75€50€290▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€12k€38k▲
Income taxes67/77€4k€11k▲
Profit (loss) for the period9904€8k€26k▲
Profit (loss) for the period to be appropriated9905€8k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€26k▲
Transfer from equity791/2€0€982▲
Transfer to equity691/2€8k€26k▲
To other reserves6921€8k€26k▲
Profit to be distributed694/7€0€982▲
Return on contributions (dividend)694€0€982▲
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Equity above €150kEq €165k ▲18.3%
5 profitable years in a row build equity to €165k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-13k ▼159%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €100kEq €115k ▲23.3%
2 profitable years in a row build equity to €115k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kortrijk · 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.
Abdis Agnesstraat(Mar) 258510 KortrijkGround area
1,173 m²
Building footprint
203 m²
Parcel 34026A0598/00X003, Flanders. Linked by address, not a title deed.
1 establishment unit
SANDENA
since 20112.199.200.232
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0598/00X003 | Flanders | 1,173 m² | 1 · 203 m² | - |
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.
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 40,726 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-04-2011
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.