Financials
- Fiscal year
- 2024
- Total assets
- €58,491
- Profit
- €268
- Solvency
- 75.1%
Total assets▼ 31.5%
Net result
20202024
SANICREA
ActiveSummary
The computed 12-month bankruptcy probability of SANICREA is 15.0% (high). The 2024 annual accounts show equity of €43,923 and a net result of €268. Equity is growing by ~32.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 36364 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Plumbing work
NACE 43221
1 site
Size
€58,491total assets 2024
- Equity
- €43,923
- Profit
- €268
Turnover not published (abridged schema)
Structure
Accounts 64 d overdue0 of 4 deeds read
Why 30- 2 changes of registered office in 24 months- Figures for FY 2024 (filed 23-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 48 days late; 3 of the last 3 late- Founded in 2020Show the evidence
Checked score
Score 2024
30
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 49% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
100+24
equity 75.1% of total assets
Liquidity
43+11
short-term debt 24.9% · cash 1.6%
Profitability
69-26
return on assets 0.5%
Bankruptcy probability, 12 months
15.0%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.2%
12-2024: 3.2%▼ -0.2% vs 11-2024
01-2025: 3.1%▼ -1.5% vs 12-2024
02-2025: 3.1%▼ -1.0% vs 01-2025
03-2025: 3.1%▼ -0.5% vs 02-2025lowest value
04-2025: 3.1%▲ +1.6% vs 03-2025
05-2025: 3.2%▲ +1.6% vs 04-2025
06-2025: 3.2%▼ -0.5% vs 05-2025
07-2025: 3.2%▲ +0.3% vs 06-2025
08-2025: 6.2%▲ +93.8% vs 07-2025
09-2025: 11.8%▲ +90.8% vs 08-2025
10-2025: 8.8%▼ -25.3% vs 09-2025
11-2025: 8.8%● 0.0% vs 10-2025
12-2025: 8.8%● 0.0% vs 11-2025
01-2026: 8.7%▼ -0.8% vs 12-2025
02-2026: 8.7%▼ -0.6% vs 01-2026
03-2026: 8.7%▲ +0.3% vs 02-2026
04-2026: 9.0%▲ +2.8% vs 03-2026
05-2026: 8.0%▼ -11.1% vs 04-2026
06-2026: 7.9%▼ -0.3% vs 05-2026
07-2026: 8.2%▲ +3.1% vs 06-2026
08-2026: 9.6%▲ +17.6% vs 07-2026
09-2026: 10.6%▲ +10.0% vs 08-2026
10-2026: 15.0%▲ +41.7% vs 09-2026highest value
- 2 changes of registered office in 24 months raises the probability
- Figures for FY 2024 (filed 23-09-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 48 days late; 3 of the last 3 late raises the probability
- Founded in 2020 raises the probability for this profile
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.95 against 2.05 in 2023; short-term debt: 24.9% and cash: 1.6% of total assets), and 24.9% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 90%, liquidity 32%, profitability 36%, growth against the median 36%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2025, 48 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
48 d late
2023
82 d late
2022
165 d late
2021
530 d late
2020
144 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 194 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet €268 ▼98.5%
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 7
- Since
- 2021
- 17-09-2025Annual accounts filed
- 31-12-2024Weakest financial year
- 21-10-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Plumbing workNACE 43221
- Founded
- 20-02-2020
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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