SANDUNE
ActiveSummary
SANDUNE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €321,505 and a net result of €20,943. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 81% of 13617 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+13
Solvency92▼-8
Growth72▼-13
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.42 against 0.73 in 2024; short-term debt: 24.4% and cash: 1.7% of total assets), and 33.4% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
66.6%
Return on assets
4.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
76 d late
2022
2 d early
2021
5 d early
2020
31 d early
2019
on the day
← 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 5 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€215,271▲ 28.5%
2021 · €167,578
EBIT margin
4.3%▲ 23.3pp
2021 · -19.0%
Net result
€20,943▼ 58.4%
2024 · €50,369
Working capital
-€68,938▼ 194%
2024 · -€23,456
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage 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
Turnover€167,578€215,271▲ 28.5%
Operating result-€31,775▼ 57.1%€9,293€44,458▲ 378%€49,867▲ 12.2%€22,217▼ 55.4%
Net result-€34,702below the sector's middle half▼ 47.4%€7,027within the sector's middle half€39,948above the sector's middle half▲ 468%€50,369above the sector's middle half▲ 26.1%€20,943within the sector's middle half▼ 58.4%
EBIT margin-19.0%4.3%▲ 23.3pp
Equity€299,298above the sector's middle half▼ 10.4%€306,565above the sector's middle half▲ 2.4%€346,513above the sector's middle half▲ 13.0%€396,882above the sector's middle half▲ 14.5%€321,505above the sector's middle half▼ 19.0%
Total assets€648,932above the sector's middle half▼ 9.2%€601,707above the sector's middle half▼ 7.3%€570,527above the sector's middle half▼ 5.2%€532,281above the sector's middle half▼ 6.7%€483,041above the sector's middle half▼ 9.3%
Debt€349,634▼ 8.1%€295,142▼ 15.6%€224,014▼ 24.1%€135,399▼ 39.6%€161,536▲ 19.3%
Working capital-€145,882below the sector's middle half▲ 27.2%-€131,025below the sector's middle half▲ 10.2%-€92,261below the sector's middle half▲ 29.6%-€23,456within the sector's middle half▲ 74.6%-€68,938below the sector's middle half▼ 194%
Solvency46.1%within the sector's middle half▼ 0.6pp50.9%within the sector's middle half▲ 4.8pp60.7%above the sector's middle half▲ 9.8pp74.6%above the sector's middle half▲ 13.8pp66.6%above the sector's middle half▼ 8.0pp
Current ratio0.32below the sector's middle half▲ 0.170.31below the sector's middle half▼ 0.010.41below the sector's middle half▲ 0.100.73within the sector's middle half▲ 0.320.42below the sector's middle half▼ 0.32
Return on assets (ROA)-5.3%below the sector's middle half▼ 2.1pp1.2%within the sector's middle half▲ 6.5pp7.0%within the sector's middle half▲ 5.8pp9.5%within the sector's middle half▲ 2.5pp4.3%within the sector's middle half▼ 5.1pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
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 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €483,041
Fixed assets
€433,991 ▼ 7.3%
Current assets
€49,050 ▼ 23.3%
Equity and liabilities €483,041
Equity
€321,505 ▼ 19.0%
Debt
€161,536 ▲ 19.3%
Debt's share of the balance-sheet total rises from 25.4% to 33.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€59,144▼
2024 · €86,676
Cash flow
€57,870▼
2024 · €87,178
Quick ratio
0.19▼
2024 · 0.42
Debt to equity
0.50▲
2024 · 0.34
ROE
6.5%▼
2024 · 12.7%
Interest coverage
43.29▲
2024 · -181.17
Debt ≤ 1 year
€117,989▲
2024 · €87,426
Debt > 1 year
€34,996=
2024 · €34,996
Income taxes
€210▲
2024 · €197
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,048 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
96%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,048 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €167,578 | €215,271 | - | - | - | - |
| Non-recurring operating income76A | - | €1,492 | €1,734 | €1,468 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €99,145 | €190,690 | - | - | - | - |
| Remuneration, social security and pensions62 | €219 | €500 | - | €3,479 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €97,676 | €37,906 | €37,437 | €36,809 | €36,927 | ▲ 0.3% |
| Other operating charges640/8 | €2,313 | €2,046 | €3,249 | €3,476 | €3,507 | ▲ 0.9% |
| Gross operating margin9900 | €68,433 | €49,746 | €85,144 | €93,631 | €62,651 | ▼ 33.1% |
| Operating profit (loss)9901 | -€31,775 | €9,293 | €44,458 | €49,867 | €22,217 | ▼ 55.4% |
| Financial income75/76B | €14 | €247 | €33 | €221 | €303 | ▲ 36.8% |
| Recurring financial income75 | €14 | €247 | €33 | €221 | €303 | ▲ 36.8% |
| Financial charges65/66B | €2,825 | €2,401 | €4,423 | -€478 | €1,366 | ▲ 386% |
| Recurring financial charges65 | €2,825 | €2,401 | €4,423 | -€478 | €1,366 | ▲ 386% |
| Profit (loss) for the period before taxes9903 | -€34,585 | €7,139 | €40,069 | €50,566 | €21,153 | ▼ 58.2% |
| Income taxes67/77 | €117 | €112 | €120 | €197 | €210 | ▲ 6.4% |
| Profit (loss) for the period9904 | -€34,702 | €7,027 | €39,948 | €50,369 | €20,943 | ▼ 58.4% |
| Profit (loss) for the period to be appropriated9905 | -€34,702 | €7,027 | €39,948 | €50,369 | €20,943 | ▼ 58.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €648,932 | €601,707 | €570,527 | €532,281 | €483,041 | ▼ 9.3% |
| Fixed assets21/28 | €580,463 | €542,557 | €505,120 | €468,311 | €433,991 | ▼ 7.3% |
| Tangible fixed assets22/27 | €580,463 | €542,557 | €505,120 | €468,311 | €433,991 | ▼ 7.3% |
| Land and buildings22 | €511,928 | €478,687 | €445,445 | €412,204 | €378,962 | ▼ 8.1% |
| Plant, machinery and equipment23 | €11,245 | €10,030 | €8,608 | €7,598 | €6,650 | ▼ 12.5% |
| Furniture and vehicles24 | €57,289 | €53,840 | €51,066 | €48,510 | €48,379 | ▼ 0.3% |
| Current assets29/58 | €68,469 | €59,150 | €65,407 | €63,970 | €49,050 | ▼ 23.3% |
| Stocks and contracts in progress3 | €2,700 | €23,819 | €26,081 | €26,931 | €26,404 | ▼ 2.0% |
| Stocks30/36 | €2,700 | €7,160 | €9,422 | €10,272 | €9,745 | ▼ 5.1% |
| Contracts in progress37 | - | €16,659 | €16,659 | €16,659 | €16,659 | = |
| Amounts receivable within one year40/41 | €4,935 | €6,923 | €125 | €166 | €193 | ▲ 16.0% |
| Trade receivables40 | €4,935 | €5,961 | - | - | - | - |
| Other amounts receivable41 | - | €962 | €125 | €166 | €193 | ▲ 16.0% |
| Current investments50/53 | €50,000 | €22,000 | €34,000 | €29,051 | €14,042 | ▼ 51.7% |
| Cash at bank and in hand54/58 | €9,405 | €3,945 | €5,201 | €7,823 | €8,412 | ▲ 7.5% |
| Deferred charges and accrued income490/1 | €1,429 | €2,463 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €648,932 | €601,707 | €570,527 | €532,281 | €483,041 | ▼ 9.3% |
| Equity10/15 | €299,298 | €306,565 | €346,513 | €396,882 | €321,505 | ▼ 19.0% |
| Contributions10/11 | €294,200 | €294,200 | €294,200 | €294,200 | €294,200 | = |
| Reserves13 | €126,980 | €126,980 | €126,980 | €126,980 | €30,660 | ▼ 75.9% |
| Non-distributable reserves130/1 | €30,660 | €30,660 | €30,660 | €30,660 | €30,660 | = |
| Reserves not available under the articles1311 | €30,660 | €30,660 | - | - | - | - |
| Other1319 | - | - | €30,660 | €30,660 | €30,660 | = |
| Distributable reserves133 | €96,320 | €96,320 | €96,320 | €96,320 | - | - |
| Profit (loss) carried forward14 | -€121,882 | -€114,616 | -€74,667 | -€24,298 | -€3,355 | ▲ 86.2% |
| Amounts payable17/49 | €349,634 | €295,142 | €224,014 | €135,399 | €161,536 | ▲ 19.3% |
| Amounts payable after more than one year17 | €125,077 | €93,689 | €61,931 | €34,996 | €34,996 | = |
| Financial debts170/4 | €125,077 | €93,689 | €61,931 | €34,996 | €34,996 | = |
| Amounts payable within one year42/48 | €214,351 | €190,175 | €157,668 | €87,426 | €117,989 | ▲ 35.0% |
| Current portion of amounts payable after more than one year42 | €31,020 | €31,631 | €33,867 | €27,451 | - | - |
| Financial debts43 | - | €7,048 | - | - | - | - |
| Credit institutions430/8 | - | €7,048 | - | - | - | - |
| Trade debts44 | €3,402 | €0 | €13,757 | €9,324 | €7,492 | ▼ 19.6% |
| Suppliers440/4 | €3,402 | €0 | €13,757 | €9,324 | €7,492 | ▼ 19.6% |
| Advances received on contracts in progress46 | - | - | €12,038 | €11,010 | €11,010 | = |
| Taxes, remuneration and social security45 | €1,957 | €2,781 | €3,780 | €4,680 | €8,866 | ▲ 89.4% |
| Taxes450/3 | €1,957 | €2,781 | €3,780 | €4,680 | €8,866 | ▲ 89.4% |
| Other amounts payable47/48 | €177,973 | €148,716 | €94,225 | €34,961 | €90,621 | ▲ 159% |
| Accrued charges and deferred income492/3 | €10,205 | €11,278 | €4,415 | €12,977 | €8,552 | ▼ 34.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,702 | €7,027 | €39,948 | €50,369 | €20,943 | ▼ 58.4% |
| + Depreciation and write-downs630 | €97,676 | €37,906 | €37,437 | €36,809 | €36,927 | ▲ 0.3% |
| Operating cash flow (approximation) | €62,974 | €44,934 | €77,385 | €87,178 | €57,870 | ▼ 33.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€2,607 | - |
| Change in cash | - | -€5,459 | €1,256 | €2,622 | €589 | ▼ 77.5% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €50,369 ▲26.1%
Operating result €49,867, net result €50,369, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 76 days late
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €7,027
Net result €7,027 after 4 loss-making years.
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Oostkamp · 1 establishment unit since 2007
Ground area
1,039 m²
Building footprint
172 m²
Volume, LiDAR
1 m³
Parcel 31025C0016/00H000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Morris Coffee and Crafts
since 20072.160.232.560
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31025C0016/00H000 | Flanders | 1,039 m² | 1 · 172 m² | 0.1 m |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostkamp2.160.232.560
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 7,494 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 (pre-2019)
Founded28-12-2006
Fiscal year end30-09
Activities, NACEBEL 2025
56111Full-service restaurants
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
46150Agents in the wholesale of furniture, household goods and hardware
47279Other retail sale of food
55204Guest rooms (bed and breakfast)
64210Activities of holding companies
85520Cultural education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0885984043
Registered
29-07-2024
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.