SANEEDE
ActiveSANEEDE has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €277k. Equity is shrinking by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 25% of 3668 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▼-6
Solvency30▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.83 in 2024; short-term debt: 59.6% and cash: 16.4% of total assets), and 94.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 56
higher
← 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
5.4%
Return on assets
20.1%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
2 d early
2023
9 d early
2022
on the day
2021
31 d late
2020
33 d late
2019
153 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€74k▼ 23.9%
2024 · €97k
2019: €71k
2019: €74k
2020: €295k
2021: €133k
2022: €164k
2023: €92k
2024: €97k
2019 → 2025
Total assets
€1.38M▼ 8.5%
2024 · €1.50M
2019: €772k
2019: €1.09M
2020: €1.17M
2021: €1.52M
2022: €1.14M
2023: €2.19M
2024: €1.50M
2019 → 2025
Net result
€277k▼ 28.1%
2024 · €385k
2019: €108k
2019: €89k
2020: €202k
2021: €379k
2022: €232k
2023: €368k
2024: €385k
2019 → 2025
Working capital
€-151k▼ 5.3%
2024 · €-143k
2019: €-133k
2019: €50k
2020: €191k
2021: €-17k
2022: €18k
2023: €-185k
2024: €-143k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€133k-€164k▲ 23.9%€92k▼ 44.0%€97k▲ 5.3%€74k▼ 23.9%
Operating result€486k-€269k▼ 44.6%€436k▲ 61.9%€523k▲ 19.9%€417k▼ 20.2%
Net result€379k-€232k▼ 38.9%€368k▲ 58.6%€385k▲ 4.7%€277k▼ 28.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.38M
Fixed assets
€707k▼ 10.0%
Current assets
€669k▼ 6.9%
Equity and liabilities €1.38M
Equity
€74k▼ 23.9%
Debt
€1.30M▼ 7.5%
The debt ratio rises from 93.6% to 94.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€621k▼
2024 · €697k
Cash flow
€480k▼
2024 · €559k
Solvency
5.4%▼
2024 · 6.4%
Current ratio
0.82▼
2024 · 0.83
Quick ratio
0.78▼
2024 · 0.80
Debt / equity
17.68▲
2024 · 14.53
ROE
375.9%▼
2024 · 397.6%
ROA
20.1%▼
2024 · 25.6%
Interest coverage
16.01▼
2024 · 21.67
Debt
€1.30M▼
2024 · €1.41M
Debt ≤ 1 year
€820k▼
2024 · €861k
Debt > 1 year
€482k▼
2024 · €544k
Income taxes
€102k▼
2024 · €109k
Staff costs
€1.64M▲
2024 · €1.55M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.50M€1.38M▼
Fixed assets21/28€786k€707k▼
Tangible fixed assets22/27€785k€706k▼
Plant, machinery and equipment23€177k€124k▼
Furniture and vehicles24€4k€68k▲
Other tangible fixed assets26€605k€515k▼
Financial fixed assets28€600€600=
Current assets29/58€718k€669k▼
Stocks and contracts in progress3€26k€30k▲
Stocks30/36€26k€30k▲
Amounts receivable within one year40/41€106k€381k▲
Trade receivables40€105k€123k▲
Other amounts receivable41€1k€258k▲
Cash at bank and in hand54/58€566k€225k▼
Deferred charges and accrued income490/1€20k€32k▲
Equity and liabilities
Total equity and liabilities10/49€1.50M€1.38M▼
Equity10/15€97k€74k▼
Contributions10/11€47k€47k=
Reserves13€49k€26k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€49k€26k▼
Profit (loss) carried forward14€806€806=
Amounts payable17/49€1.41M€1.30M▼
Amounts payable after more than one year17€544k€482k▼
Financial debts170/4€544k€482k▼
Amounts payable within one year42/48€861k€820k▼
Current portion of amounts payable after more than one year42€130k€171k▲
Financial debts43-€12k
Credit institutions430/8-€12k
Trade debts44€444k€431k▼
Suppliers440/4€444k€431k▼
Taxes, remuneration and social security45€207k€206k▼
Taxes450/3€11k€25k▲
Remuneration and social security454/9€196k€180k▼
Other amounts payable47/48€80k€0▼
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.55M€1.64M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€174k€204k▲
Other operating charges640/8€9k€11k▲
Gross operating margin9900€2.26M€2.27M▲
Operating profit (loss)9901€523k€417k▼
Financial income75/76B€3k€302▼
Recurring financial income75€3k€302▼
Financial charges65/66B€32k€39k▲
Recurring financial charges65€32k€39k▲
Profit (loss) for the period before taxes9903€494k€379k▼
Income taxes67/77€109k€102k▼
Profit (loss) for the period9904€385k€277k▼
Profit (loss) for the period to be appropriated9905€385k€277k▼
Appropriation of the result
Profit (loss) to be appropriated9906€386k€278k▼
Profit (loss) brought forward from the previous period14P€748€806▲
Transfer from equity791/2€0€45k▲
Transfer to equity691/2€5k€22k▲
To other reserves6921€5k€22k▲
Profit to be distributed694/7€380k€300k▼
Return on contributions (dividend)694€300k€300k=
Directors or managers695€80k€0▼
Social balance
Average headcount (FTE)908732.634.2▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €385k ▲4.7%
Operating result €523k, net result €385k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €164k ▲23.9%
5 profitable years in a row build equity to €164k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
02-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 33 days late
2020
31-12
Financial
Equity above €200kEq €295k ▲297%
3 profitable years in a row build equity to €295k.
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 153 days late
2019
31-12
Financial
Weakest financial yearnet €89k ▼17.4%
Net result drops to €89k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
18-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 352 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wetteren · 2 establishment units since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brusselsesteenweg 2609230 WetterenGround area
1.5 ha
Building footprint
2,849 m²
Volume, LiDAR
2,026 m³
2 parcels, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
MC DONALD'S
since 19962.076.847.204
MC DONALD'S
since 20262.392.042.665
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001B0083/00P007 | Flanders | 1.3 ha | 1 · 2,420 m² | 2.2 m |
| 42025G1035/00D003 | Flanders | 2,722 m² | 1 · 429 m² | 5.8 m · 1 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 1,332 EUR awarded · 1,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2022 | 1 | 332 EUR | 0 EUR |
Schemes
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteWetteren2.076.847.204
Dual-learning approval
2 live approvals · 4 endedMedewerker fastfood (vwo)
Medewerker fastfood duaal (so)
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,128 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-05-1996
Fiscal year end31-12
Activities, NACEBEL
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.