SANHER
ActiveSummary
SANHER has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €301k and a net result of €240k. Its solvency ranks better than 85% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78
Track record82
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Liquidity ample (current ratio 17.81 against 3.61 in 2024; short-term debt: 4.7% and cash: 77.2% of total assets), and 12.3% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
87.7%
Return on assets
69.6%
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 29-06-2026, 32 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
32 d early
2024
14 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€301k▲ 380%
2024 · €63k
2024: €63k
2025: €301k▲ +380% vs 2024
2024 → 2025
Total assets
€344k▲ 312%
2024 · €83k
2024: €83k
2025: €344k▲ +312% vs 2024
2024 → 2025
Net result
€240k▲ 291%
2024 · €61k
2024: €61k
2025: €240k▲ +291% vs 2024
2024 → 2025
Working capital
€269k▲ 401%
2024 · €54k
2024: €54k
2025: €269k▲ +401% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€63k-€301k▲ 380%
2024: €63k
2025: €301k▲ +380% vs 2024
Operating result€85k-€114k▲ 34.7%
2024: €85k
2025: €114k▲ +34.7% vs 2024
Net result€61k-€240k▲ 291%
2024: €61k
2025: €240k▲ +291% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 35% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €342k
Fixed assets
€57k ▲ 755%
Current assets
€285k ▲ 284%
Equity and liabilities €344k
Equity
€301k ▲ 380%
Debt
€42k ▲ 106%
Debt's share of the balance-sheet total falls from 24.7% to 12.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€120k▲
2024 · €86k
Cash flow
€245k▲
2024 · €62k
Current ratio
17.81▲
2024 · 3.61
Debt to equity
0.14▼
2024 · 0.33
ROE
79.4%▼
2024 · 97.4%
ROA
69.6%▼
2024 · 73.4%
Interest coverage
155.57▼
2024 · 2285.29
Debt ≤ 1 year
€16k▼
2024 · €21k
Debt > 1 year
€26k
Income taxes
€24k▲
2024 · €24k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€83k€344k▲
Formation expenses20€2k€2k▼
Fixed assets21/28€7k€57k▲
Tangible fixed assets22/27€4k€54k▲
Furniture and vehicles24€4k€54k▲
Financial fixed assets28€3k€3k=
Current assets29/58€74k€285k▲
Amounts receivable within one year40/41€26k€17k▼
Trade receivables40€26k€17k▼
Other amounts receivable41-€88
Cash at bank and in hand54/58€49k€265k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€83k€344k▲
Equity10/15€63k€301k▲
Contributions10/11€3k€3k=
Reserves13€60k€299k▲
Distributable reserves133€60k€299k▲
Profit (loss) carried forward14€9€17▲
Amounts payable17/49€21k€42k▲
Amounts payable after more than one year17-€26k
Financial debts170/4-€26k
Amounts payable within one year42/48€21k€16k▼
Current portion of amounts payable after more than one year42-€10k
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€16k€2k▼
Taxes450/3€16k€2k▼
Other amounts payable47/48€1k€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€947€6k▲
Other operating charges640/8-€2k
Gross operating margin9900€86k€122k▲
Operating profit (loss)9901€85k€114k▲
Financial income75/76B-€150k
Recurring financial income75-€150k
Financial charges65/66B€38€771▲
Recurring financial charges65€38€771▲
Profit (loss) for the period before taxes9903€85k€263k▲
Income taxes67/77€24k€24k▲
Profit (loss) for the period9904€61k€240k▲
Profit (loss) for the period to be appropriated9905€61k€240k▲
Appropriation of the result
Profit (loss) to be appropriated9906€61k€240k▲
Profit (loss) brought forward from the previous period14P-€9
Transfer to equity691/2€60k€239k▲
To other reserves6921€60k€239k▲
Profit to be distributed694/7€859€859=
Return on contributions (dividend)694€859€859=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €947 | €6k | ▲ 521% |
| Other operating charges640/8 | - | €2k | - |
| Gross operating margin9900 | €86k | €122k | ▲ 41.8% |
| Operating profit (loss)9901 | €85k | €114k | ▲ 34.7% |
| Financial income75/76B | - | €150k | - |
| Recurring financial income75 | - | €150k | - |
| Financial charges65/66B | €38 | €771 | ▲ 1,957% |
| Recurring financial charges65 | €38 | €771 | ▲ 1,957% |
| Profit (loss) for the period before taxes9903 | €85k | €263k | ▲ 211% |
| Income taxes67/77 | €24k | €24k | ▲ 1.8% |
| Profit (loss) for the period9904 | €61k | €240k | ▲ 291% |
| Profit (loss) for the period to be appropriated9905 | €61k | €240k | ▲ 291% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €83k | €344k | ▲ 312% |
| Formation expenses20 | €2k | €2k | ▼ 24.0% |
| Fixed assets21/28 | €7k | €57k | ▲ 755% |
| Tangible fixed assets22/27 | €4k | €54k | ▲ 1,377% |
| Furniture and vehicles24 | €4k | €54k | ▲ 1,377% |
| Financial fixed assets28 | €3k | €3k | = |
| Current assets29/58 | €74k | €285k | ▲ 284% |
| Amounts receivable within one year40/41 | €26k | €17k | ▼ 33.0% |
| Trade receivables40 | €26k | €17k | ▼ 33.3% |
| Other amounts receivable41 | - | €88 | - |
| Cash at bank and in hand54/58 | €49k | €265k | ▲ 444% |
| Deferred charges and accrued income490/1 | - | €3k | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €83k | €344k | ▲ 312% |
| Equity10/15 | €63k | €301k | ▲ 380% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | €60k | €299k | ▲ 396% |
| Distributable reserves133 | €60k | €299k | ▲ 396% |
| Profit (loss) carried forward14 | €9 | €17 | ▲ 92.2% |
| Amounts payable17/49 | €21k | €42k | ▲ 106% |
| Amounts payable after more than one year17 | - | €26k | - |
| Financial debts170/4 | - | €26k | - |
| Amounts payable within one year42/48 | €21k | €16k | ▼ 22.1% |
| Current portion of amounts payable after more than one year42 | - | €10k | - |
| Trade debts44 | €4k | €3k | ▼ 17.1% |
| Suppliers440/4 | €4k | €3k | ▼ 17.1% |
| Taxes, remuneration and social security45 | €16k | €2k | ▼ 87.1% |
| Taxes450/3 | €16k | €2k | ▼ 87.1% |
| Other amounts payable47/48 | €1k | €1k | ▲ 5.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €240k | ▲ 291% |
| + Depreciation and write-downs630 | €947 | €6k | ▲ 521% |
| Operating cash flow (approximation) | €62k | €245k | ▲ 295% |
| Investment in fixed assets (approximation) | - | €-56k | - |
| Change in cash | - | €217k | - |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 5current ratio 17.81
Current ratio from 3.61 to 17.81; short-term debt falls from €21k to €16k.
31-12
Financial
Equity above €200kEq €301k ▲380%
2 profitable years in a row build equity to €301k.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Waimes · 1 establishment unit since 2024
Ground area
3,499 m²
Building footprint
190 m²
Parcel 63025B0376/00R000, Wallonia. Linked by address, not a title deed.
1 establishment unit
SANHER
since 20242.355.977.174
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63025B0376/00R000 | Wallonia | 3,499 m² | 1 · 190 m² | - |
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.
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 2,312 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
Founded08-02-2024
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.