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Complete company report
Generated 26-07-2026
Active BE 0770.975.004Private limited companyOpen bankruptcy

SANDOR PROJECT

Processiestraat 49 ·1070 Anderlecht, Belgium· 5 yrs active
Sector: Construction of buildings (41001)
Conclusion Checked

A bankruptcy procedure is open for SANDOR PROJECT according to publications in the Belgian State Gazette. The 2025 annual accounts show equity of €38k and a net result of €17k.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €38k
Net result €17k
Better than sector 57%
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health23Profitability100Solvency91Growth52Stability0
53 / 100

Mixed profile: strong on profitability, weaker on stability.

Health 23
Profitability 100
Solvency 91
Growth 52
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High risk
Components
· Open bankruptcy (+50)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
23 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 09-10-2025 with the NBB · fiscal year 2025 · micro
€0€10k€20k€30kOperating result 2023: €24k€24kNet result 2023: €19k€19kOperating result 2024: €27k€27kNet result 2024: €21k€21kOperating result 2025: €22k€22kNet result 2025: €17k€17k202320242025
Operating resultNet result
Sector comparison
Fiscal year 2025 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 48.2% 42.2%
better than 57% of 1074 sector peers
Net result €17k €11k
better than 61% of 1075 sector peers
Equity €38k €35k
better than 52% of 1076 sector peers
Gross operating margin €25k €30k
better than 45% of 1074 sector peers
Total assets €79k €95k
better than 41% of 1074 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€24k
-19.9% far above sector median
Net profit
€17k
-17.9% far above sector median
Cash flow
€19k
-21.2% far above sector median
Total assets
€79k
-0.2% -54% vs sector
Equity
€38k
-15.3% -60% vs sector
Working capital
€37k
-13.3% -56% vs sector
Income taxes
€5k
-14.0% far above sector median
Dividends
€24k
- 23-25
Debt
€41k
+19.6% -25% vs sector
Debt ≤ 1y
€41k
+19.6% -25% vs sector
Current ratio
1.92
-15.4% -12% vs sector
Quick ratio
1.92
-15.4% -12% vs sector
Solvency
48.2%
-15.1% -10% vs sector
Debt / equity
1.07
+41.2% -19% vs sector
ROE
45.3%
-3.0% far above sector median
ROA
21.8%
-17.7% far above sector median
Interest coverage
56.88
+9.8% far above sector median
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€24k
Net profit€17k
Cash flow€19k
Staff costs-
Income taxes€5k
Dividends€24k
Total assets€79k
Equity€38k
Debt€41k
of which ≤ 1y€41k
of which > 1y-
Working capital€37k
Employees (FTE)-
Ratios (computed)
2025
Current ratio1.92
Quick ratio1.92
Working capital ratio47.5%
Solvency48.2%
Debt / equity1.07
Long-term debt ratio-
Interest coverage56.88
Gross margin-
Net margin-
ROA21.8%
ROE45.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€79k
Fixed assets 21/28€611
Tangible fixed assets 22/27€206
Financial fixed assets 28€405
Current assets 29/58€78k
Amounts receivable within one year 40/41€68k
Cash & bank 54/58€9k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€79k
Equity 10/15€38k
Contributions / capital 10/11€5k
Accumulated profits (losses) 14€33k
Amounts payable 17/49€41k
Amounts payable within one year 42/48€41k
Trade debts payable within one year 44€18k
Income statement
Gross operating margin 9900€25k
Operating result 9901€22k
Financial income 75€16
Financial charges 65€418
Result before taxes 9903€22k
Income taxes 67/77€5k
Net result for the period 9904€17k
Result to be appropriated 9905€17k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator HUGUES DE SCHAETZEN VAN BRIENEN
AVENUE LOUISE 349, 1050 IXELLES
 24-11-2025 → present Belgian State Gazette
Legal Structure
NACE primary Construction of buildings(41001)
Legal form Private limited company(610)
Incorporation09-07-2021
StatusActive
Postal code1070
First BS signal 01-12-2025
Latest BS signal 01-12-2025
Company structure, linked entities1 linked entities
SANDOR PROJECTBE 0770.975.004HUGUES DE SCHAETZEN V…Receiver
Mandates
Establishment units 1 location
SANDOR PROJECT
Reparatie en onderhoud van verwarmingsinstallaties
since 20212.322.078.941
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21001A0660/00W002 Brussels 270 m² 1 · 104 m² 17.3 m · 5 fl.
21463C0387/00K003 Brussels 170 m² 1 · 92 m² 14.7 m · 4 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
01-12-2025
Bankruptcy Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL SANDOR PROJECT RUE DE LA PROCESSION 49, 1070 ANDERLECHT · event 24-11-2025
09-10-2025
NBB filing Annual accounts filed
fiscal year 2025 · micro
15-07-2025
State Gazette act Director changes
2024
01-10-2024
NBB filing Annual accounts filed
fiscal year 2024 · micro
2023
30-10-2023
NBB filing Annual accounts filed
fiscal year 2023 · micro
03-01-2023
State Gazette act Director changes
Lifecycle & Insolvency Signals 1 events
01-12-2025
Bankruptcy Opening
Date: 24-11-2025 · Tribunal de l’entreprise francophone de Bruxelles · SRL SANDOR PROJECT RUE DE LA PROCESSION 49, 1070 ANDERLECHT · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-12-01 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 1 year ago
2025
15-07-2025 1 director appointed, 1 resigning Director changes
  • TANCAU lonut, Bestuurder
  • TANCAU Emil, Bestuurder
Technical details 
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      "evidence_quote": "Monsieur TANCAU Emil, d\u00E9missionne ce jour de la qualit d\u0027administrateur de l\u0027entreprise.",
      "decharge_status": null,
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  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2025-07-15",
    "filing_date": null,
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2025-06-03",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0770.975.004",
    "name_full": "SANDIR PROJE\u0421\u0422",
    "legal_form": "SRL",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": null,
    "org_kbo": null,
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  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
2023
03-01-2023 1 director appointed, 1 resigning Director changes
  • TANCAU Emil, Bestuurder
  • TANCAU Ionut, Bestuurder
Technical details 
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      "role": "bestuurder",
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      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
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      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Monsieur TANCAU Emil, est nomm\u00E9 au poste d\u0027administrateur de l\u0027entreprise, qui accepte.",
      "decharge_status": null,
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      "rep_rotation_new_rep": null,
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    },
    {
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      "decharge_status": "granted",
      "mandate_duration": null,
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      "rep_rotation_old_rep": null,
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    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Prus",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2023-01-03",
    "filing_date": "2022-12-26",
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  },
  "decisions": [
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      "date": "2022-11-01",
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    }
  ],
  "is_correction": false,
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    "legal_form": "SRL"
  },
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  },
  "co_filed_documents": [],
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}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Loodgieterswerk43221Sanitaire werkzaamheden43221Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299Dakwerkzaamheden43410Dakwerkzaamheden43910
Primary activity highlighted.
Names & trade names
Legal nameFR SANDOR PROJECT
Registered office
Processiestraat 49
1070 Anderlecht, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative