Sanderus
ActiveSummary
Sanderus has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.33M and a net result of €283k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 75% of 299 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+6
Solvency89▲+8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 2.57 against 1.98 in 2023; short-term debt: 24.5% and cash: 16.9% of total assets), and 35.9% 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.
−lowers risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
64.1%
Return on assets
7.8%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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
not confirmed
2024
68 d late
2023
58 d late
2022
7 d early
2021
68 d late
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€2.33M▲ 8.5%
2023 · €2.15M
2018: €2.35Mhighest value
2020: €2.15M
2021: €1.92M▼ -10.9% vs 2020lowest value
2022: €2.15M▲ +12.1% vs 2021
2023: €2.15M▲ +0.1% vs 2022
2024: €2.33M▲ +8.5% vs 2023
2018 → 2024
Total assets
€3.64M▼ 4.3%
2023 · €3.81M
2018: €3.17Mlowest value
2020: €4.28M
2021: €4.40M▲ +2.8% vs 2020highest value
2022: €4.16M▼ -5.6% vs 2021
2023: €3.81M▼ -8.4% vs 2022
2024: €3.64M▼ -4.3% vs 2023
2018 → 2024
Net result
€283k▲ 178%
2023 · €102k
2018: €409khighest value
2020: €371k
2021: €253k▼ -31.8% vs 2020
2022: €233k▼ -7.9% vs 2021
2023: €102k▼ -56.3% vs 2022lowest value
2024: €283k▲ +178% vs 2023
2018 → 2024
Working capital
€1.40M▲ 30.5%
2023 · €1.07M
2018: €1.15M
2020: €1.51Mhighest value
2021: €1.11M▼ -27.0% vs 2020
2022: €1.11M▲ +0.7% vs 2021
2023: €1.07M▼ -3.6% vs 2022lowest value
2024: €1.40M▲ +30.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2.15M-€1.92M▼ 10.9%€2.15M▲ 12.1%€2.15M▲ 0.1%€2.33M▲ 8.5%
2020: €2.15M
2021: €1.92M▼ -10.9% vs 2020lowest in 5 years
2022: €2.15M▲ +12.1% vs 2021
2023: €2.15M▲ +0.1% vs 2022
2024: €2.33M▲ +8.5% vs 2023highest in 5 years
Operating result€505k-€336k▼ 33.5%€293k▼ 12.8%€144k▼ 50.8%€356k▲ 147%
2020: €505khighest in 5 years
2021: €336k▼ -33.5% vs 2020
2022: €293k▼ -12.8% vs 2021
2023: €144k▼ -50.8% vs 2022lowest in 5 years
2024: €356k▲ +147% vs 2023
Net result€371k-€253k▼ 31.8%€233k▼ 7.9%€102k▼ 56.3%€283k▲ 178%
2020: €371khighest in 5 years
2021: €253k▼ -31.8% vs 2020
2022: €233k▼ -7.9% vs 2021
2023: €102k▼ -56.3% vs 2022lowest in 5 years
2024: €283k▲ +178% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 147% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.64M
Fixed assets
€1.35M ▼ 17.7%
Current assets
€2.29M ▲ 5.8%
Equity and liabilities €3.64M
Equity
€2.33M ▲ 8.5%
Debt
€1.31M ▼ 21.0%
Debt's share of the balance-sheet total falls from 43.5% to 35.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€749k▲
2023 · €538k
Cash flow
€675k▲
2023 · €496k
Current ratio
2.57▲
2023 · 1.98
Quick ratio
2.16▲
2023 · 1.61
Debt to equity
0.56▼
2023 · 0.77
ROE
12.1%▲
2023 · 4.7%
ROA
7.8%▲
2023 · 2.7%
Interest coverage
70.50▲
2023 · 52.65
Debt ≤ 1 year
€891k▼
2023 · €1.09M
Debt > 1 year
€417k▼
2023 · €562k
Income taxes
€99k▲
2023 · €64k
Staff costs
€2.14M▼
2023 · €2.20M
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 · 2024 against 2023 · 62 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.81M€3.64M▼
Fixed assets21/28€1.64M€1.35M▼
Intangible fixed assets21€14k€14k▲
Tangible fixed assets22/27€1.63M€1.33M▼
Land and buildings22€1.22M€1.08M▼
Plant, machinery and equipment23€135k€148k▲
Furniture and vehicles24€101k€86k▼
Leasing and similar rights25€169k€16k▼
Financial fixed assets28€37€37=
Current assets29/58€2.17M€2.29M▲
Stocks and contracts in progress3€408k€365k▼
Stocks30/36€408k€365k▼
Amounts receivable within one year40/41€796k€790k▼
Trade receivables40€780k€774k▼
Other amounts receivable41€16k€16k=
Current investments50/53€111k€513k▲
Cash at bank and in hand54/58€845k€615k▼
Deferred charges and accrued income490/1€8k€11k▲
Equity and liabilities
Total equity and liabilities10/49€3.81M€3.64M▼
Equity10/15€2.15M€2.33M▲
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Revaluation surpluses12€297k€238k▼
Reserves13€1.73M€1.97M▲
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132-€705k
Distributable reserves133€1.72M€1.25M▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.66M€1.31M▼
Amounts payable after more than one year17€562k€417k▼
Financial debts170/4€562k€417k▼
Amounts payable within one year42/48€1.09M€891k▼
Current portion of amounts payable after more than one year42€237k€145k▼
Trade debts44€446k€276k▼
Suppliers440/4€446k€276k▼
Taxes, remuneration and social security45€309k€367k▲
Taxes450/3€33k€80k▲
Remuneration and social security454/9€276k€287k▲
Other amounts payable47/48€102k€103k▲
Income statement
Code20232024
Remuneration, social security and pensions62€2.20M€2.14M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€394k€393k▼
Other operating charges640/8€21k€21k▲
Non-recurring operating charges66A-€5k
Gross operating margin9900€2.76M€2.92M▲
Operating profit (loss)9901€144k€356k▲
Financial income75/76B€32k€36k▲
Recurring financial income75€32k€36k▲
Financial charges65/66B€10k€11k▲
Recurring financial charges65€10k€11k▲
Profit (loss) for the period before taxes9903€166k€382k▲
Income taxes67/77€64k€99k▲
Profit (loss) for the period9904€102k€283k▲
Profit (loss) for the period to be appropriated9905€102k€283k▲
Appropriation of the result
Profit (loss) to be appropriated9906€102k€283k▲
Transfer to equity691/2€2k€183k▲
To the legal reserve6920€2k€0▼
To other reserves6921€0€183k▲
Profit to be distributed694/7€100k€100k=
Return on contributions (dividend)694€100k€100k=
Social balance
Average headcount (FTE)908730.429.1▼
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2.05M | €2.12M | €2.20M | €2.14M | ▼ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €292k | €334k | €379k | €394k | €393k | ▼ 0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €19k | €19k | €21k | €21k | ▲ 0.2% |
| Non-recurring operating charges66A | - | €91k | €0 | - | €5k | - |
| Gross operating margin9900 | €2.86M | €2.83M | €2.81M | €2.76M | €2.92M | ▲ 5.6% |
| Operating profit (loss)9901 | €505k | €336k | €293k | €144k | €356k | ▲ 147% |
| Financial income75/76B | - | €33k | €35k | €32k | €36k | ▲ 13.1% |
| Recurring financial income75 | €37k | €33k | €35k | €32k | €36k | ▲ 13.1% |
| Financial charges65/66B | - | €15k | €14k | €10k | €11k | ▲ 3.9% |
| Recurring financial charges65 | €19k | €15k | €14k | €10k | €11k | ▲ 3.9% |
| Profit (loss) for the period before taxes9903 | €523k | €353k | €314k | €166k | €382k | ▲ 130% |
| Income taxes67/77 | €152k | €100k | €81k | €64k | €99k | ▲ 54.0% |
| Profit (loss) for the period9904 | €371k | €253k | €233k | €102k | €283k | ▲ 178% |
| Transfer from tax-exempt reserves789 | - | €94k | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €371k | €346k | €233k | €102k | €283k | ▲ 178% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.28M | €4.40M | €4.16M | €3.81M | €3.64M | ▼ 4.3% |
| Fixed assets21/28 | €1.85M | €1.86M | €1.83M | €1.64M | €1.35M | ▼ 17.7% |
| Intangible fixed assets21 | - | - | €7k | €14k | €14k | ▲ 1.3% |
| Tangible fixed assets22/27 | €1.85M | €1.86M | €1.83M | €1.63M | €1.33M | ▼ 17.9% |
| Land and buildings22 | - | €1.19M | €1.30M | €1.22M | €1.08M | ▼ 11.2% |
| Plant, machinery and equipment23 | - | €181k | €177k | €135k | €148k | ▲ 9.8% |
| Furniture and vehicles24 | - | €19k | €29k | €101k | €86k | ▼ 14.0% |
| Leasing and similar rights25 | - | €475k | €322k | €169k | €16k | ▼ 90.4% |
| Financial fixed assets28 | €37 | €37 | €37 | €37 | €37 | = |
| Current assets29/58 | €2.44M | €2.54M | €2.32M | €2.17M | €2.29M | ▲ 5.8% |
| Stocks and contracts in progress3 | €334k | €343k | €454k | €408k | €365k | ▼ 10.6% |
| Stocks30/36 | - | €343k | €454k | €408k | €365k | ▼ 10.6% |
| Contracts in progress37 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €762k | €799k | €839k | €796k | €790k | ▼ 0.8% |
| Trade receivables40 | - | €799k | €830k | €780k | €774k | ▼ 0.8% |
| Other amounts receivable41 | - | - | €9k | €16k | €16k | = |
| Current investments50/53 | €250k | €210k | €110k | €111k | €513k | ▲ 362% |
| Cash at bank and in hand54/58 | €1.07M | €1.16M | €902k | €845k | €615k | ▼ 27.2% |
| Deferred charges and accrued income490/1 | - | €23k | €17k | €8k | €11k | ▲ 32.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.28M | €4.40M | €4.16M | €3.81M | €3.64M | ▼ 4.3% |
| Equity10/15 | €2.15M | €1.92M | €2.15M | €2.15M | €2.33M | ▲ 8.5% |
| Contributions10/11 | €124k | €124k | €124k | €124k | €124k | = |
| Capital10 | - | €124k | €124k | €124k | €124k | = |
| Issued capital100 | - | €124k | €124k | €124k | €124k | = |
| Revaluation surpluses12 | - | €413k | €355k | €297k | €238k | ▼ 19.7% |
| Reserves13 | €1.55M | €1.38M | €1.67M | €1.73M | €1.97M | ▲ 13.9% |
| Non-distributable reserves130/1 | - | €12k | €12k | €12k | €12k | = |
| Legal reserve130 | - | €12k | €12k | €12k | €12k | = |
| Tax-exempt reserves132 | - | €0 | - | - | €705k | - |
| Distributable reserves133 | - | €1.37M | €1.66M | €1.72M | €1.25M | ▼ 27.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Investment grants15 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €2.13M | €2.49M | €2.01M | €1.66M | €1.31M | ▼ 21.0% |
| Amounts payable after more than one year17 | €1.21M | €1.05M | €799k | €562k | €417k | ▼ 25.8% |
| Financial debts170/4 | - | €1.05M | €799k | €562k | €417k | ▼ 25.8% |
| Amounts payable within one year42/48 | €924k | €1.43M | €1.21M | €1.09M | €891k | ▼ 18.5% |
| Current portion of amounts payable after more than one year42 | - | €263k | €255k | €237k | €145k | ▼ 38.7% |
| Trade debts44 | €172k | €274k | €429k | €446k | €276k | ▼ 38.0% |
| Suppliers440/4 | - | €274k | €429k | €446k | €276k | ▼ 38.0% |
| Taxes, remuneration and social security45 | - | €447k | €388k | €309k | €367k | ▲ 18.7% |
| Taxes450/3 | - | €172k | €160k | €33k | €80k | ▲ 140% |
| Remuneration and social security454/9 | - | €275k | €229k | €276k | €287k | ▲ 4.0% |
| Other amounts payable47/48 | - | €450k | €136k | €102k | €103k | ▲ 0.5% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €371k | €253k | €233k | €102k | €283k | ▲ 178% |
| + Depreciation and write-downs630 | €292k | €334k | €379k | €394k | €393k | ▼ 0.4% |
| Operating cash flow (approximation) | €662k | €587k | €612k | €496k | €675k | ▲ 36.2% |
| Investment in fixed assets (approximation) | - | €-353k | €-349k | €-199k | €-102k | ▲ 48.5% |
| Change in cash | - | €95k | €-262k | €-57k | €-230k | ▼ 303% |
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
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 68 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet €102k ▼56.3%
Net result drops to €102k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €2.15M ▲12.1%
4 profitable years in a row build equity to €2.15M.
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 68 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
23-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Oudenaarde · 1 establishment unit since 1959
Ground area
5,700 m²
Building footprint
121 m²
Volume, LiDAR
1,093 m³
Parcel 45507C1593/00P002, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DRUKKERIJ SANDERUS NV
since 19592.002.890.939
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45507C1593/00P002 | Flanders | 5,700 m² | 1 · 121 m² | 12.6 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 39,198 EUR awarded · 39,671 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 340 EUR | 340 EUR |
| 2024 | 2 | -19,083 EUR | 30,167 EUR |
| 2023 | 1 | 737 EUR | 1,210 EUR |
| 2022 | 3 | 57,204 EUR | 7,954 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,599 companies in sector 18120 we hold annual accounts for 807. 310 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
Scores and ratios are computed by Checked and are not a credit decision.