SANDOVAL
ActiveSummary
SANDOVAL has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €224,620 and a net result of €55,462. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 79% of 482 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+6
Solvency100▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 2.0 against 1.42 in 2024; short-term debt: 16.4% and cash: 19% of total assets), and 19.1% of the assets are financed with debt.
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Signals
Four 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 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← 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
80.9%
Return on assets
20%
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
15 d early
2023
7 d early
2022
7 d early
2021
20 d early
2020
15 d early
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
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. Usually files around 24 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€224,620▲ 14.5%
2024 · €196,234
Total assets
€277,494▼ 7.1%
2024 · €298,827
Net result
€55,462▲ 17.5%
2024 · €47,208
Working capital
€45,317▲ 47.6%
2024 · €30,704
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€26,448▼ 39.7%€37,381▲ 41.3%€49,231▲ 31.7%€60,142▲ 22.2%€73,365▲ 22.0%
Net result€17,114within the sector's middle half▼ 41.5%€24,297within the sector's middle half▲ 42.0%€32,667within the sector's middle half▲ 34.4%€47,208within the sector's middle half▲ 44.5%€55,462within the sector's middle half▲ 17.5%
Equity€117,063within the sector's middle half▲ 10.9%€141,359within the sector's middle half▲ 20.8%€174,026above the sector's middle half▲ 23.1%€196,234above the sector's middle half▲ 12.8%€224,620within the sector's middle half▲ 14.5%
Total assets€174,593within the sector's middle half▼ 1.7%€274,241within the sector's middle half▲ 57.1%€268,662within the sector's middle half▼ 2.0%€298,827above the sector's middle half▲ 11.2%€277,494within the sector's middle half▼ 7.1%
Debt€57,530▼ 20.2%€132,882▲ 131%€94,636▼ 28.8%€102,593▲ 8.4%€52,874▼ 48.5%
Working capital€36,492within the sector's middle half▼ 32.9%€20,892within the sector's middle half▼ 42.7%€29,154within the sector's middle half▲ 39.5%€30,704within the sector's middle half▲ 5.3%€45,317within the sector's middle half▲ 47.6%
Solvency67.0%within the sector's middle half▲ 7.6pp51.5%within the sector's middle half▼ 15.5pp64.8%within the sector's middle half▲ 13.2pp65.7%within the sector's middle half▲ 0.9pp80.9%above the sector's middle half▲ 15.3pp
Current ratio2.32within the sector's middle half▼ 0.701.45within the sector's middle half▼ 0.871.76within the sector's middle half▲ 0.311.42within the sector's middle half▼ 0.342.00within the sector's middle half▲ 0.58
Return on assets (ROA)9.8%within the sector's middle half▼ 6.7pp8.9%within the sector's middle half▼ 0.9pp12.2%within the sector's middle half▲ 3.3pp15.8%within the sector's middle half▲ 3.6pp20.0%above the sector's middle half▲ 4.2pp
above
within
below
the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings.
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 has risen four years in a row; 2025 is 22% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €277,494
Fixed assets
€186,670 ▼ 4.1%
Current assets
€90,824 ▼ 12.7%
Equity and liabilities €277,494
Equity
€224,620 ▲ 14.5%
Debt
€52,874 ▼ 48.5%
Debt's share of the balance-sheet total falls from 34.3% to 19.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81,428▲
2024 · €70,551
Cash flow
€63,525▲
2024 · €57,617
Debt to equity
0.24▼
2024 · 0.52
ROE
24.7%▲
2024 · 24.1%
Interest coverage
77.83▲
2024 · 47.00
Debt ≤ 1 year
€45,507▼
2024 · €73,389
Debt > 1 year
€7,367▼
2024 · €29,204
Income taxes
€24,630▲
2024 · €20,078
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,940 | €9,940 | €10,247 | €10,409 | €8,063 | ▼ 22.5% |
| Other operating charges640/8 | €524 | €570 | €447 | €485 | €643 | ▲ 32.5% |
| Non-recurring operating charges66A | - | - | €119 | - | - | - |
| Gross operating margin9900 | €36,913 | €47,891 | €60,045 | €71,036 | €82,071 | ▲ 15.5% |
| Operating profit (loss)9901 | €26,448 | €37,381 | €49,231 | €60,142 | €73,365 | ▲ 22.0% |
| Financial income75/76B | €470 | €1,243 | €1,264 | €8,645 | €7,774 | ▼ 10.1% |
| Recurring financial income75 | €470 | €1,243 | €1,264 | €8,645 | €7,774 | ▼ 10.1% |
| Financial charges65/66B | €807 | €2,529 | €2,154 | €1,501 | €1,046 | ▼ 30.3% |
| Recurring financial charges65 | €807 | €2,529 | €2,154 | €1,501 | €1,046 | ▼ 30.3% |
| Profit (loss) for the period before taxes9903 | €26,111 | €36,095 | €48,341 | €67,285 | €80,092 | ▲ 19.0% |
| Income taxes67/77 | €8,997 | €11,799 | €15,675 | €20,078 | €24,630 | ▲ 22.7% |
| Profit (loss) for the period9904 | €17,114 | €24,297 | €32,667 | €47,208 | €55,462 | ▲ 17.5% |
| Profit (loss) for the period to be appropriated9905 | €17,114 | €24,297 | €32,667 | €47,208 | €55,462 | ▲ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €174,593 | €274,241 | €268,662 | €298,827 | €277,494 | ▼ 7.1% |
| Fixed assets21/28 | €110,371 | €206,431 | €200,999 | €194,733 | €186,670 | ▼ 4.1% |
| Tangible fixed assets22/27 | €35,021 | €25,081 | €19,649 | €13,383 | €5,320 | ▼ 60.2% |
| Plant, machinery and equipment23 | - | - | - | €2,476 | €1,966 | ▼ 20.6% |
| Furniture and vehicles24 | €35,021 | €25,081 | €19,649 | €10,908 | €3,354 | ▼ 69.2% |
| Financial fixed assets28 | €75,350 | €181,350 | €181,350 | €181,350 | €181,350 | = |
| Current assets29/58 | €64,222 | €67,810 | €67,664 | €104,093 | €90,824 | ▼ 12.7% |
| Amounts receivable after more than one year29 | €18,000 | €18,000 | €18,000 | €18,000 | €18,000 | = |
| Other amounts receivable291 | €18,000 | €18,000 | €18,000 | €18,000 | €18,000 | = |
| Amounts receivable within one year40/41 | €24,729 | €30,874 | €36,255 | €25,563 | €20,081 | ▼ 21.4% |
| Trade receivables40 | €10,615 | €13,585 | €11,029 | €8,559 | - | - |
| Other amounts receivable41 | €14,114 | €17,288 | €25,226 | €17,004 | €20,081 | ▲ 18.1% |
| Cash at bank and in hand54/58 | €21,493 | €18,937 | €13,408 | €55,448 | €52,743 | ▼ 4.9% |
| Deferred charges and accrued income490/1 | - | - | - | €5,083 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €174,593 | €274,241 | €268,662 | €298,827 | €277,494 | ▼ 7.1% |
| Equity10/15 | €117,063 | €141,359 | €174,026 | €196,234 | €224,620 | ▲ 14.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €98,463 | €122,759 | €155,426 | €177,634 | €206,020 | ▲ 16.0% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | €96,603 | €122,759 | €155,426 | €177,634 | €206,020 | ▲ 16.0% |
| Amounts payable17/49 | €57,530 | €132,882 | €94,636 | €102,593 | €52,874 | ▼ 48.5% |
| Amounts payable after more than one year17 | €29,800 | €85,964 | €56,127 | €29,204 | €7,367 | ▼ 74.8% |
| Financial debts170/4 | €29,800 | €85,964 | €56,127 | €29,204 | €7,367 | ▼ 74.8% |
| Amounts payable within one year42/48 | €27,730 | €46,918 | €38,510 | €73,389 | €45,507 | ▼ 38.0% |
| Current portion of amounts payable after more than one year42 | €15,352 | €36,248 | €29,837 | €26,923 | €21,838 | ▼ 18.9% |
| Trade debts44 | €1,726 | €1,825 | €814 | €6,050 | €1,494 | ▼ 75.3% |
| Suppliers440/4 | €1,726 | €1,825 | €814 | €6,050 | €1,494 | ▼ 75.3% |
| Taxes, remuneration and social security45 | €10,653 | €8,845 | €2,824 | €5,576 | €11,682 | ▲ 110% |
| Taxes450/3 | €10,653 | €8,845 | €2,824 | €5,576 | €11,682 | ▲ 110% |
| Other amounts payable47/48 | - | - | €5,034 | €34,841 | €10,493 | ▼ 69.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,114 | €24,297 | €32,667 | €47,208 | €55,462 | ▲ 17.5% |
| + Depreciation and write-downs630 | €9,940 | €9,940 | €10,247 | €10,409 | €8,063 | ▼ 22.5% |
| Operating cash flow (approximation) | €27,054 | €34,237 | €42,914 | €57,617 | €63,525 | ▲ 10.3% |
| Investment in fixed assets (approximation) | - | -€106,000 | -€4,815 | -€4,144 | €0 | ▲ 100% |
| Change in cash | - | -€2,556 | -€5,529 | €42,039 | -€2,705 | ▼ 106% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €55,462 ▲17.5%
Operating result €73,365, net result €55,462, both a record.
31-12
Financial
Equity above €200,000Eq €224,620 ▲14.5%
8 profitable years in a row build equity to €224,620.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €174,026 ▲23.1%
6 profitable years in a row build equity to €174,026.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €105,514 ▲38.4%
3 profitable years in a row build equity to €105,514.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-12
Financial
Weakest financial yearnet €11,238 ▼45.4%
Net result drops to €11,238, the lowest in the series; recovery starts the following year.
Show earlier events
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Beringen · 1 establishment unit since 2014
Ground area
2,877 m²
Building footprint
548 m²
Volume, LiDAR
2,874 m³
Parcel 71004B0860/00A000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Sandoval
since 20142.235.825.155
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71004B0860/00A000 | Flanders | 2,877 m² | 1 · 548 m² | 6.3 m · 2 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.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
36%
-
25%
-
2%
According to the 2025 annual accounts of SANDOVAL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 3,149 companies in sector 63920 we hold annual accounts for 1,525. 1,163 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
Founded01-10-2014
Fiscal year end31-12
Activities, NACEBEL 2025
63920Other information service activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0563672245
Also
9925:BE0563672245
Registered
03-11-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.