Equity
€2.5m ▲ 6.6%
Sanderus has made a profit in every financial year since 2006.
Sanderus
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €2.9m (2025)
€2.9m▲ 0.3%
peak €620,964 (2019)
€339,854▲ 20.2%
peak €3.5m (2017)
€2.5m▲ 6.6%
€1.3m▲ 0.7%
peak 33.9 FTE (2007)
29.1 FTEunchanged
Board5 names since 2019
1 directorLode Van den Abeele
Owners2 names in the annual accounts
Documentsfilings and deeds
29-10-202690 days late
2025financial year
Dividend €185,000Cash from €614,797 to €971,222
Key points
from the 2025 annual accountsTurnover
≈ €5.0m estimated
The accounts state no turnover.
Investments
€948,851 3.7 × depreciation
Green is investment, beige is depreciation.
Staff
31 employees on 31-12-2025
In 2025, 1 person joined and 1 left.
Filings
49 annual accounts 90 days
Latest accounts filed late: after the legal deadline.
Position in the sector
€2.9m
Higher gross margin than 95% of companies in printing. Sector median €364,561 · 143 companies.
Checked score
98
Excellent
Financially stronger than 81% of small companies in printing (NACE 18)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 136 companies (NACE 18, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.3%▲ +0.1 percentage points vs 09-2025highest value
11-2025: 0.1%▼ -0.2 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 90 days late; 3 of the last 3 accounts late
lowers risk
Founded in 1968
Liquidity: current ratio 2.60, cash €971,222
Equity €2.5m (65.4% of total assets)
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 (NACE 18, small). It does better than 81% of them on solvency, 90% on liquidity, 81% on profitability and 72% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as Sanderus has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of Sanderus itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for Sanderus. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €240,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.6 (2.57 in 2024), above the usual 1.5. Short-term debt is 26.3% and cash 25.5% of total assets. 34.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €2.5m
raises risk · 2025 accounts filed 90 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-10-2026, 90 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 · 10 filingsDeviation from the deadline
2025
90 days late
2024
68 days late
2023
58 days late
2022
7 days early
2021
68 days late
2020
30 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 57 days after the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Lode Van den Abeele 62.91%equity €2.7m (2025) · 2025 annual accounts of Lode Van den Abeele
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0400245952
Environmental permit granted
Nieuwbouw of aanleggen, Slopen van niet vrijstaande gebouwen of constructies · Oudenaarde
1 director resigning
Change of role: LODE VAN DEN ABEELE, from managing director to sole director · Resignation: VANDENABEELE Machteld (managing director) · Permanent representative: VANDENABEELE Lode · Gazette deed
Merger: Sanderus takes over Vandenabeele Management
Issue of 246 shares · Cancellation of 214 shares · Change of role: VANDENABEELE Machteld, from director to managing director · General meeting of 07-08-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Sanderus Oudenaarde | €3.8m | €2.9m | 65.4% | 29.1 |
| Drukkerij Albert Beeckmans-Coulon & Cie Ninove | €3.0m | €2.4m | 51.6% | 23.3 |
| DRUKSERVICE IMPRESSA Herentals | €4.1m | €2.8m | 47.7% | 31.7 |
| ICR GROUP IMPRIMERIES Tournai | €3.2m | €2.1m | -3.3% | 29.5 |
| DRUKKERIJ BREDERO Merelbeke-Melle | €3.3m | €5.3m | 60.9% | 43.2 |
| CONTI LABEL PAUWELS Eeklo | €4.8m | €2.6m | 38.5% | 23.3 |
| VERSTRAETE GRAPHICS Diksmuide | €5.0m | €2.2m | 24.5% | 19 |
These companies have the same main activity as Sanderus: other printing (NACE 18120). They are comparable in size and age: total assets between €3m and €5m, founded between 1971 and 1986.
Official details
Source: KBO- Status
- ActiveNormal situation
- Activity
- Other printingNACE 18120
- Joint committees
- 200Auxiliary committee for white-collar workers
- 130Printing, graphic arts and newspapers · annual accounts 2025
- Establishment unit
- 2.002.890.9399700 Oudenaarde, since 01-09-1959
- Financial year end
- 31 December
- Peppol
- Reachable since 22-09-2025
Insights on Sanderus
Sanderus has existed since 1968. The gross margin grew from €2.3m in 2006 to €2.9m in 2025.
Lode Van den Abeele holds 62.91% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Sanderus
- What is the company number of Sanderus?
- The company number of Sanderus is 0400.245.952. The VAT number is the same number with BE in front: BE 0400.245.952.
- Where is Sanderus based?
- The registered office is at Ronseweg 65, 9700 Oudenaarde.Company details
- What does Sanderus do?
- According to the KBO register, the main activity is other printing (NACE 18120).
- What is the legal form of Sanderus?
- Sanderus is a public limited company (NV).
- When was Sanderus founded?
- Sanderus was founded on 01-01-1968.
- Is Sanderus still active?
- Yes, Sanderus is an active enterprise in the KBO register.
- How many employees does Sanderus have?
- Sanderus had an average of 29.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Sanderus fall under?
- In its 2025 annual accounts, Sanderus states joint committees 200 (Auxiliary committee for white-collar workers) and 130 (Printing, graphic arts and newspapers).
- What is the turnover of Sanderus?
- The turnover in financial year 2025 is ≈ €5.0m. This figure is estimated from the gross margin of €2.9m and 1,585 comparable companies of the same size. It probably lies between €3.4m and €8.3m. It is a rough estimate.
- Is Sanderus profitable?
- In financial year 2025, Sanderus made a profit of €339,854.
- Where can I find the annual accounts of Sanderus?
- Sanderus filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Sanderus due?
- Sanderus must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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