SANDER
ActiveSummary
The computed 12-month bankruptcy probability of SANDER is 2.5% (moderate). The 2025 annual accounts show equity of €343k and a net result of €-4k. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 18400 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+18
Solvency78▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.01 against 1.81 in 2024; short-term debt: 47.3% and cash: 15.9% of total assets), and 47.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
8 d early
2024
54 d late
2023
784 d late
2022
24 d late
2021
110 d late
2020
73 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€343k▲ 3.8%
2024 · €331k
2020: €200klowest in 6 years
2021: €279k▲ +39.5% vs 2020
2022: €326k▲ +17.0% vs 2021
2023: €331k▲ +1.5% vs 2022
2024: €331k● 0.0% vs 2023
2025: €343k▲ +3.8% vs 2024highest in 6 years
2020 → 2025
Total assets
€653k▼ 8.4%
2024 · €713k
2020: €634klowest in 6 years
2021: €711k▲ +12.1% vs 2020
2022: €741k▲ +4.3% vs 2021highest in 6 years
2023: €713k▼ -3.9% vs 2022
2024: €713k● 0.0% vs 2023
2025: €653k▼ -8.4% vs 2024
2020 → 2025
Net result
€-4k
2024 · €7k
2020: €50k
2021: €79k▲ +58.4% vs 2020highest in 6 years
2022: €47k▼ -39.9% vs 2021
2023: €5k▼ -89.8% vs 2022
2024: €7k▲ +54.7% vs 2023
2025: €-4k▼ -158% vs 2024lowest in 6 years
2020 → 2025
Working capital
€313k▲ 0.9%
2024 · €311k
2020: €232klowest in 6 years
2021: €264k▲ +14.2% vs 2020
2022: €314k▲ +18.9% vs 2021highest in 6 years
2023: €311k▼ -1.2% vs 2022
2024: €311k● 0.0% vs 2023
2025: €313k▲ +0.9% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€279k-€326k▲ 17.0%€331k▲ 1.5%€331k=€343k▲ 3.8%
2021: €279klowest in 5 years
2022: €326k▲ +17.0% vs 2021
2023: €331k▲ +1.5% vs 2022
2024: €331k● 0.0% vs 2023
2025: €343k▲ +3.8% vs 2024highest in 5 years
Operating result€99k-€87k▼ 12.1%€14k▼ 83.3%€17k▲ 18.3%€16k▼ 7.3%
2021: €99khighest in 5 years
2022: €87k▼ -12.1% vs 2021
2023: €14k▼ -83.3% vs 2022lowest in 5 years
2024: €17k▲ +18.3% vs 2023
2025: €16k▼ -7.3% vs 2024
Net result€79k-€47k▼ 39.9%€5k▼ 89.8%€7k▲ 54.7%€-4k
2021: €79khighest in 5 years
2022: €47k▼ -39.9% vs 2021
2023: €5k▼ -89.8% vs 2022
2024: €7k▲ +54.7% vs 2023
2025: €-4k▼ -158% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €653k
Fixed assets
€31k ▲ 50.5%
Current assets
€622k ▼ 10.2%
Equity and liabilities €653k
Equity
€343k ▲ 3.8%
Debt
€309k ▼ 19.0%
Debt's share of the balance-sheet total falls from 53.6% to 47.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k
Cash flow
€6k
Current ratio
2.01▲
2024 · 1.81
Quick ratio
0.41▼
2024 · 0.44
Debt to equity
0.90▼
2024 · 1.15
ROE
-1.3%▼
2024 · 2.3%
ROA
-0.7%▼
2024 · 1.1%
Interest coverage
4.82
Debt ≤ 1 year
€309k▼
2024 · €382k
Debt > 1 year
€544
Income taxes
€15k▲
2024 · €5k
Staff costs
€69k▼
2024 · €72k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€713k€653k▼
Fixed assets21/28€20k€31k▲
Tangible fixed assets22/27€20k€30k▲
Land and buildings22€10k€8k▼
Plant, machinery and equipment23-€6k
Furniture and vehicles24€9k€16k▲
Financial fixed assets28€432€432=
Current assets29/58€692k€622k▼
Stocks and contracts in progress3€526k€495k▼
Stocks30/36€526k€495k▼
Amounts receivable within one year40/41€44k€20k▼
Trade receivables40€27k€8k▼
Other amounts receivable41€17k€13k▼
Cash at bank and in hand54/58€122k€104k▼
Deferred charges and accrued income490/1€618€4k▲
Equity and liabilities
Total equity and liabilities10/49€713k€653k▼
Equity10/15€331k€343k▲
Contributions10/11€150k€150k=
Reserves13€30k€30k=
Distributable reserves133€30k€30k=
Profit (loss) carried forward14€151k€163k▲
Amounts payable17/49€382k€309k▼
Amounts payable after more than one year17-€544
Financial debts170/4-€544
Amounts payable within one year42/48€382k€309k▼
Current portion of amounts payable after more than one year42-€3k
Trade debts44€42k€21k▼
Suppliers440/4€42k€21k▼
Taxes, remuneration and social security45€44k€34k▼
Taxes450/3€32k€30k▼
Remuneration and social security454/9€13k€4k▼
Other amounts payable47/48€296k€251k▼
Income statement
Code20242025
Remuneration, social security and pensions62€72k€69k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€10k
Other operating charges640/8€2k€5k▲
Gross operating margin9900€91k€101k▲
Operating profit (loss)9901€17k€16k▼
Financial income75/76B€487€174▼
Recurring financial income75€487€174▼
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€13k€11k▼
Income taxes67/77€5k€15k▲
Profit (loss) for the period9904€7k€-4k▼
Profit (loss) for the period to be appropriated9905€7k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€151k€163k▲
Profit (loss) brought forward from the previous period14P€143k€168k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €57k | €53k | €72k | €72k | €69k | ▼ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €3k | - | €10k | - |
| Other operating charges640/8 | €2k | €3k | €2k | €2k | €5k | ▲ 149% |
| Gross operating margin9900 | €160k | €145k | €91k | €91k | €101k | ▲ 11.0% |
| Operating profit (loss)9901 | €99k | €87k | €14k | €17k | €16k | ▼ 7.3% |
| Financial income75/76B | €2k | - | €487 | €487 | €174 | ▼ 64.4% |
| Recurring financial income75 | €2k | - | €487 | €487 | €174 | ▼ 64.4% |
| Financial charges65/66B | €8k | €8k | €5k | €5k | €5k | ▲ 9.8% |
| Recurring financial charges65 | €8k | €8k | €5k | €5k | €5k | ▲ 9.8% |
| Profit (loss) for the period before taxes9903 | €93k | €78k | €10k | €13k | €11k | ▼ 16.2% |
| Income taxes67/77 | €15k | €31k | €5k | €5k | €15k | ▲ 190% |
| Profit (loss) for the period9904 | €79k | €47k | €5k | €7k | €-4k | ▼ 158% |
| Profit (loss) for the period to be appropriated9905 | €79k | €47k | €5k | €7k | €-4k | ▼ 158% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €711k | €741k | €713k | €713k | €653k | ▼ 8.4% |
| Fixed assets21/28 | €14k | €12k | €20k | €20k | €31k | ▲ 50.5% |
| Tangible fixed assets22/27 | €14k | €11k | €20k | €20k | €30k | ▲ 51.6% |
| Land and buildings22 | €6k | €5k | €10k | €10k | €8k | ▼ 23.6% |
| Plant, machinery and equipment23 | - | - | - | - | €6k | - |
| Furniture and vehicles24 | €8k | €6k | €9k | €9k | €16k | ▲ 67.5% |
| Financial fixed assets28 | €432 | €432 | €432 | €432 | €432 | = |
| Current assets29/58 | €696k | €730k | €692k | €692k | €622k | ▼ 10.2% |
| Stocks and contracts in progress3 | €521k | €526k | €526k | €526k | €495k | ▼ 6.0% |
| Stocks30/36 | €521k | €526k | €526k | €526k | €495k | ▼ 6.0% |
| Amounts receivable within one year40/41 | €39k | €33k | €44k | €44k | €20k | ▼ 54.2% |
| Trade receivables40 | €15k | €17k | €27k | €27k | €8k | ▼ 72.3% |
| Other amounts receivable41 | €24k | €16k | €17k | €17k | €13k | ▼ 24.5% |
| Cash at bank and in hand54/58 | €137k | €170k | €122k | €122k | €104k | ▼ 14.9% |
| Deferred charges and accrued income490/1 | - | - | €618 | €618 | €4k | ▲ 505% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €711k | €741k | €713k | €713k | €653k | ▼ 8.4% |
| Equity10/15 | €279k | €326k | €331k | €331k | €343k | ▲ 3.8% |
| Contributions10/11 | €150k | €150k | €150k | €150k | €150k | = |
| Reserves13 | €30k | €30k | €30k | €30k | €30k | = |
| Distributable reserves133 | €30k | €30k | €30k | €30k | €30k | = |
| Profit (loss) carried forward14 | €99k | €146k | €151k | €151k | €163k | ▲ 8.2% |
| Amounts payable17/49 | €432k | €415k | €382k | €382k | €309k | ▼ 19.0% |
| Amounts payable after more than one year17 | - | - | - | - | €544 | - |
| Financial debts170/4 | - | - | - | - | €544 | - |
| Amounts payable within one year42/48 | €432k | €415k | €382k | €382k | €309k | ▼ 19.1% |
| Current portion of amounts payable after more than one year42 | €8k | €8k | - | - | €3k | - |
| Trade debts44 | €73k | €67k | €42k | €42k | €21k | ▼ 49.5% |
| Suppliers440/4 | €73k | €67k | €42k | €42k | €21k | ▼ 49.5% |
| Taxes, remuneration and social security45 | €46k | €44k | €44k | €44k | €34k | ▼ 24.4% |
| Taxes450/3 | €33k | €33k | €32k | €32k | €30k | ▼ 6.5% |
| Remuneration and social security454/9 | €12k | €11k | €13k | €13k | €4k | ▼ 69.5% |
| Other amounts payable47/48 | €304k | €296k | €296k | €296k | €251k | ▼ 15.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79k | €47k | €5k | €7k | €-4k | ▼ 158% |
| + Depreciation and write-downs630 | €2k | €2k | €3k | - | €10k | - |
| Operating cash flow (approximation) | €81k | €50k | €7k | €7k | €6k | ▼ 19.9% |
| Investment in fixed assets (approximation) | - | €0 | €-11k | €0 | €-21k | - |
| Change in cash | - | €34k | €-49k | €0 | €-18k | - |
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
Next filing, fiscal year 2026, expected by
2026
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 784 days late
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 110 days late
2021
31-12
Financial
Highest result since 2020net €79k ▲58.4%
Operating result €99k, net result €79k, both a record.
31-12
Financial
Equity above €200kEq €279k ▲39.5%
2 profitable years in a row build equity to €279k.
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 73 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Frameries · 2 establishment units since 2020
Ground area
1,488 m²
Building footprint
821 m²
Volume, LiDAR
5,998 m³
2 parcels, Wallonia · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Sander
since 20202.300.073.403
SANDER
since 20202.306.147.185
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53070B0313/00M000 | Wallonia | 837 m² | 1 · 160 m² | 13.2 m · 4 fl. |
| 53045A0147/00W000 | Wallonia | 651 m² | 1 · 661 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
MJJK
BE 0894.378.404
Gent · Eq €341k
DISTRINAM
BE 0886.698.774
Namur · Eq €339k
HOELA HOEP
BE 0458.125.852
Hoogstraten · Eq €348k
B.T.G.
BE 0431.916.848
Roeselare · Eq €355k
GiGuCo
BE 0808.957.135
Aalst · Eq €365k
Of 506 companies in sector 47713 we hold annual accounts for 197. 126 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47713Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47714Retail trade
47715Retail trade
47750Retail sale of cosmetics and toilet articles
47784Retail sale of souvenirs and religious articles
Contact
E-mail
natalemario76@gmail.com
Phone
+32478631877
Phone
0475668644Frameries
Scores and ratios are computed by Checked and are not a credit decision.