Equity
-€367
Debts exceed assets in financial year 2025.
Sanicalor
Lifetime
6 annual accounts with figures on one time axispeak €37,869 (2020)
€12▲ €9,205
lowest -€11,468 (2024)
-€3,488▲ €7,980
peak €14,589 (2023)
-€367▼ €3,488
€16,576▲ 384%
Board1 name since 2019
1 directorVANDERSTICHELEN Anthony Henry
Documentsfilings and deeds
24-08-202624 days late
2025micro format
Gross margin from -€9,193 to €12Loss of €3,488Registered office moved from Merchtem to Nieuwpoort 05-02Equity from €3,121 to -€367Debts from €3,425 to €16,576Cash from €2,454 to €664
Key points
from the 2025 annual accountsLosses
-€14,956 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€16,576 102% of the balance sheet
Investments
€13,584 6.4 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.29 was 1.91 in 2024
Short-term debts rose from €3,425 to €16,576.
Position in the sector
-2.3%
Lower solvency than 90% of companies in specialised construction. Sector median 46.7% · 35,156 companies.
2025 accounts filed 24 days after the deadline
Checked score
48
Fair
Financially stronger than 5% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024lowest value
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 1.5%▲ +0.7 percentage points vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.8%▲ +0.3 percentage points vs 04-2025
06-2025: 1.9%▲ +0.1 percentage points vs 05-2025
07-2025: 1.8%▼ -0.1 percentage points vs 06-2025
08-2025: 2.6%▲ +0.8 percentage points vs 07-2025
09-2025: 1.1%▼ -1.5 percentage points vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.2%▲ +0.1 percentage points vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.0%▼ -0.2 percentage points vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.1%▲ +0.1 percentage points vs 03-2026
05-2026: 1.2%▲ +0.1 percentage points vs 04-2026
06-2026: 1.1%▼ -0.1 percentage points vs 05-2026
07-2026: 1.3%▲ +0.2 percentage points vs 06-2026
08-2026: 2.3%▲ +1.0 percentage point vs 07-2026
09-2026: 2.8%▲ +0.5 percentage points vs 08-2026highest value
10-2026: 2.8%● unchanged vs 09-2026highest value
11-2026: 2.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Negative equity -€367
Loss of €3,488, the second in a row (financial year 2025)
lowers risk
Size: total assets €16,209
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 8% of them on solvency, 4% on liquidity, 4% on profitability and 3% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as Sanicalor has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Sanicalor itself: 2.8% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for Sanicalor. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.29 (1.91 in 2024), below 1. Short-term debt is 102.3% and cash 4.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€367
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
24 days late
2024
19 days late
2023
27 days late
2022
29 days late
2021
31 days late
2020
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 26 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VANDERSTICHELEN Anthony 75 sharesdeed of 20-11-2019
- VAN MOER Véronique 15 sharesdeed of 20-11-2019
- VANDERSTICHELEN Maxime 10 sharesdeed of 20-11-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 9925:BE0737778535
Registered office moved from Merchtem to Nieuwpoort
New registered office: Residentie Delvaux sektie B, Albert I laan 101 B bus 0201 te 8620 Nieuwpoort · Previous registered office: De Keersmaekerlaan 35 te 1785 Merchtem · Board meeting of 07-01-2025 · Gazette deed
Incorporation
Founding capital of €1,200, 100 shares · Founders: VANDERSTICHELEN Anthony Henry, VAN MOER Véronique and VANDERSTICHELEN Maxime · Appointment: VANDERSTICHELEN Anthony Henry (director) · published on 20-11-2019 · Gazette deed
First establishment
Albert I laan 101 B, Nieuwpoort
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Sanicalor Nieuwpoort | €16,209 | €12 | -2.3% | - |
| Alert Plumbing & Heating SRL Saint-Josse-ten-Noode | €16,374 | -€2,136 | 10.5% | - |
| KARWICT Kapellen | €14,898 | -€14,054 | 6.2% | - |
| M&S AQUA PROJECT Beringen | €14,218 | -€2,298 | -19.9% | - |
| TALENTCO Wemmel | €21,319 | -€352 | 44.8% | - |
| M.M. Services Sint-Pieters-Leeuw | €21,307 | -€1,603 | -23.4% | - |
| FREDDY VISSENAEKENS Leuven | €20,481 | -€26,659 | -39.9% | - |
These companies have the same main activity as Sanicalor: plumbing work (NACE 43221). They are comparable in size and age: total assets between €14,200 and €21,300, founded between 2017 and 2021.
Official details
Source: KBO- Status
- Active since 18-11-2019Normal situation
- Activity
- Plumbing workNACE 43221and 1 other
- Establishment unit
- 2.295.802.5328620 Nieuwpoort, since 18-11-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Insights on Sanicalor
Sanicalor files the micro format. That format states no turnover. The gross margin fell from €37,869 in 2020 to €12 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Sanicalor
- What is the company number of Sanicalor?
- The company number of Sanicalor is 0737.778.535. The VAT number is the same number with BE in front: BE 0737.778.535.
- Where is Sanicalor based?
- The registered office is at Albert I laan 101B, 8620 Nieuwpoort.Company details
- What does Sanicalor do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of Sanicalor?
- Sanicalor is a private limited company (BV).
- When was Sanicalor founded?
- Sanicalor was founded on 18-11-2019.
- Is Sanicalor still active?
- Yes, Sanicalor is an active enterprise in the KBO register.
- What is the turnover of Sanicalor?
- The turnover in financial year 2025 is ≈ €98. This figure is estimated from the gross margin of €12 and 37 comparable companies (NACE 43221). It probably lies between €74 and €210. It is a rough estimate.Financials
- Is Sanicalor profitable?
- In financial year 2025, Sanicalor made a loss of €3,488.
- Where can I find the annual accounts of Sanicalor?
- Sanicalor filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Sanicalor due?
- Sanicalor must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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