SANIDEC
Open bankruptcySummary
A bankruptcy procedure is open for SANIDEC according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (-€38,323) and a net result of -€13,145.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Leuven
- Declared bankrupt
- 5 June 2025
- Supervising judge
- Erwin De Koninck
- Official Gazette
- 12-06-2025 (pdf) ↗search the document for 2025/125090
Deadlines
- Provisional date payments stopped
- 5 June 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 27 June 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 5 July 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 15 July 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 5 June 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Dirk De MaeseneerEngels Plein 35, 3000 Leuvendirk.de.maeseneer@lovanius.be
- Sven De Maese- NeerEngels Plein 35, 3000 Leuvensven.de.maeseneer@lovanius.be
- Steven NystenEngels Plein 35, 3000 Leuvensteven.nysten@lovanius.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-06-2024, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
37 d early
2022
42 d early
2021
33 d early
2020
40 d early
2019
36 d early
← 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 38 days before 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)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the General electrical installation work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
-€38,323▼ 52.2%
2022 · -€25,178
Total assets
€121,971▼ 34.3%
2022 · €185,567
Net result
-€13,145▲ 41.9%
2022 · -€22,639
Working capital
-€69,771▲ 4.5%
2022 · -€73,075
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20192020202120222023
Operating result-€3,365€4,677-€1,913-€16,584▼ 767%-€6,407▲ 61.4%
Net result-€7,740▲ 7.4%-€1,902below the sector's middle half▲ 75.4%-€5,380below the sector's middle half▼ 183%-€22,639below the sector's middle half▼ 321%-€13,145below the sector's middle half▲ 41.9%
Equity€4,742▼ 62.0%€2,840below the sector's middle half▼ 40.1%-€2,540below the sector's middle half-€25,178below the sector's middle half▼ 891%-€38,323below the sector's middle half▼ 52.2%
Total assets€231,137▼ 10.3%€174,561within the sector's middle half▼ 24.5%€231,630within the sector's middle half▲ 32.7%€185,567within the sector's middle half▼ 19.9%€121,971within the sector's middle half▼ 34.3%
Debt€226,396▼ 7.7%€171,721▼ 24.1%€228,165▲ 32.9%€210,745▼ 7.6%€160,294▼ 23.9%
Working capital-€56,235▼ 24.5%-€59,522below the sector's middle half▼ 5.8%-€63,820below the sector's middle half▼ 7.2%-€73,075below the sector's middle half▼ 14.5%-€69,771below the sector's middle half▲ 4.5%
Solvency2.1%▼ 2.8pp1.6%below the sector's middle half▼ 0.4pp-1.1%below the sector's middle half▼ 2.7pp-13.6%below the sector's middle half▼ 12.5pp-31.4%below the sector's middle half▼ 17.9pp
Current ratio0.74▼ 0.040.65below the sector's middle half▼ 0.080.68below the sector's middle half▲ 0.020.60below the sector's middle half▼ 0.080.50below the sector's middle half▼ 0.10
Return on assets (ROA)-3.3%▼ 0.1pp-1.1%below the sector's middle half▲ 2.3pp-2.3%below the sector's middle half▼ 1.2pp-12.2%below the sector's middle half▼ 9.9pp-10.8%below the sector's middle half▲ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 stays negative: a loss of €6,407 in 2023 against €16,584 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €121,971
Fixed assets
€52,361 ▼ 31.3%
Current assets
€69,610 ▼ 36.3%
Key figures and ratios
EBITDA
€24,317▲
2022 · €13,493
Cash flow
€17,579▲
2022 · €7,438
Quick ratio
0.33▲
2022 · 0.25
Debt to equity
-4.18▲
2022 · -8.37
Interest coverage
3.16▲
2022 · 3.00
Debt ≤ 1 year
€139,381▼
2022 · €182,409
Debt > 1 year
€19,779▼
2022 · €27,717
Income taxes
€49
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €83 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,290 | €25,652 | €20,728 | €30,077 | €30,724 | ▲ 2.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €6,005 | -€6,005 | - | - |
| Other operating charges640/8 | - | - | €1,996 | €2,338 | €1,766 | ▼ 24.5% |
| Non-recurring operating charges66A | - | - | - | €6,413 | - | - |
| Gross operating margin9900 | €31,055 | €31,538 | €26,816 | €16,239 | €26,083 | ▲ 60.6% |
| Operating profit (loss)9901 | -€3,365 | €4,677 | -€1,913 | -€16,584 | -€6,407 | ▲ 61.4% |
| Financial income75/76B | - | - | €566 | €451 | €1,012 | ▲ 124% |
| Recurring financial income75 | €871 | €808 | €566 | €451 | €1,012 | ▲ 124% |
| Financial charges65/66B | - | - | €4,033 | €6,506 | €7,701 | ▲ 18.4% |
| Recurring financial charges65 | €2,545 | €5,709 | €4,033 | €4,503 | €7,701 | ▲ 71.0% |
| Non-recurring financial charges66B | - | - | - | €2,003 | - | - |
| Profit (loss) for the period before taxes9903 | -€5,039 | -€223 | -€5,380 | -€22,639 | -€13,095 | ▲ 42.2% |
| Income taxes67/77 | €2,701 | €1,679 | - | - | €49 | - |
| Profit (loss) for the period9904 | -€7,740 | -€1,902 | -€5,380 | -€22,639 | -€13,145 | ▲ 41.9% |
| Profit (loss) for the period to be appropriated9905 | -€7,740 | -€1,902 | -€5,380 | -€22,639 | -€13,145 | ▲ 41.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €231,137 | €174,561 | €231,630 | €185,567 | €121,971 | ▼ 34.3% |
| Fixed assets21/28 | €74,038 | €62,967 | €98,309 | €76,233 | €52,361 | ▼ 31.3% |
| Intangible fixed assets21 | €63,598 | €47,068 | €31,379 | €15,689 | - | - |
| Tangible fixed assets22/27 | €10,401 | €15,859 | €66,891 | €60,503 | €51,401 | ▼ 15.0% |
| Plant, machinery and equipment23 | - | - | €16,638 | €13,736 | €10,335 | ▼ 24.8% |
| Furniture and vehicles24 | - | - | €7,689 | €6,092 | €4,071 | ▼ 33.2% |
| Other tangible fixed assets26 | - | - | €42,564 | €40,675 | €36,995 | ▼ 9.0% |
| Financial fixed assets28 | €40 | €40 | €40 | €40 | €960 | ▲ 2,300% |
| Current assets29/58 | €157,099 | €111,594 | €133,321 | €109,334 | €69,610 | ▼ 36.3% |
| Stocks and contracts in progress3 | €44,216 | €47,171 | €64,160 | €62,923 | €23,029 | ▼ 63.4% |
| Stocks30/36 | - | - | €39,022 | €44,369 | €18,574 | ▼ 58.1% |
| Contracts in progress37 | - | - | €25,138 | €18,554 | €4,456 | ▼ 76.0% |
| Amounts receivable within one year40/41 | €76,708 | €48,238 | €56,824 | €34,969 | €39,683 | ▲ 13.5% |
| Trade receivables40 | - | - | €48,901 | €28,945 | €37,572 | ▲ 29.8% |
| Other amounts receivable41 | - | - | €7,922 | €6,024 | €2,112 | ▼ 64.9% |
| Cash at bank and in hand54/58 | €7,560 | €2,884 | €4,336 | €3,378 | €1,876 | ▼ 44.5% |
| Deferred charges and accrued income490/1 | - | - | €8,001 | €8,064 | €5,021 | ▼ 37.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €231,137 | €174,561 | €231,630 | €185,567 | €121,971 | ▼ 34.3% |
| Equity10/15 | €4,742 | €2,840 | -€2,540 | -€25,178 | -€38,323 | ▼ 52.2% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€15,718 | -€17,620 | -€23,000 | -€45,638 | -€58,783 | ▼ 28.8% |
| Provisions and deferred taxes16 | - | - | €6,005 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | €6,005 | - | - | - |
| Other liabilities and charges164/5 | - | - | €6,005 | - | - | - |
| Amounts payable17/49 | €226,396 | €171,721 | €228,165 | €210,745 | €160,294 | ▼ 23.9% |
| Amounts payable after more than one year17 | €13,062 | - | €30,517 | €27,717 | €19,779 | ▼ 28.6% |
| Financial debts170/4 | - | - | €30,517 | €27,717 | €19,779 | ▼ 28.6% |
| Amounts payable within one year42/48 | €213,334 | €171,116 | €197,141 | €182,409 | €139,381 | ▼ 23.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,798 | €7,938 | ▲ 1.8% |
| Financial debts43 | - | - | €32,749 | €24,775 | €49,358 | ▲ 99.2% |
| Credit institutions430/8 | - | - | €32,749 | €24,775 | €49,358 | ▲ 99.2% |
| Trade debts44 | €110,602 | €52,577 | €100,693 | €101,627 | €43,970 | ▼ 56.7% |
| Suppliers440/4 | - | - | €100,693 | €101,627 | €43,970 | ▼ 56.7% |
| Advances received on contracts in progress46 | - | - | €54,940 | €44,609 | €26,220 | ▼ 41.2% |
| Taxes, remuneration and social security45 | - | - | €8,759 | €3,600 | €2,894 | ▼ 19.6% |
| Taxes450/3 | - | - | €8,759 | €3,600 | €1,144 | ▼ 68.2% |
| Remuneration and social security454/9 | - | - | - | - | €1,750 | - |
| Other amounts payable47/48 | - | - | - | - | €9,000 | - |
| Accrued charges and deferred income492/3 | - | - | €507 | €619 | €1,134 | ▲ 83.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,740 | -€1,902 | -€5,380 | -€22,639 | -€13,145 | ▲ 41.9% |
| + Depreciation and write-downs630 | €31,290 | €25,652 | €20,728 | €30,077 | €30,724 | ▲ 2.2% |
| Operating cash flow (approximation) | €23,551 | €23,750 | €15,348 | €7,438 | €17,579 | ▲ 136% |
| Investment in fixed assets (approximation) | - | -€14,580 | -€56,071 | -€8,000 | -€6,852 | ▲ 14.4% |
| Change in cash | - | -€4,676 | €1,451 | -€957 | -€1,502 | ▼ 56.9% |
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
2025
12-06
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 05-06-2025
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€22,639
Net result drops to -€22,639, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
07-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 38 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
9 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, Boortmeerbeek · 1 establishment unit since 2008
Ground area
1,817 m²
Building footprint
846 m²
Volume, LiDAR
5,310 m³
Parcel 24014C0119/00L003, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Loobeekstraat 4, 3190 Boortmeerbeek
since 20082.183.332.022
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24014C0119/00L003 | Flanders | 1,817 m² | 1 · 845 m² | 7.1 m · 2 fl. |
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.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DIRK DE MAESENEER ENGELS PLEIN 35,
3000 LEUVEN |
05-06-2025 → present |
| Curator | SVEN DE MAESE-
NEER ENGELS PLEIN 35, 3000 LEUVEN- |
05-06-2025 → present |
| Curator | STEVEN NYSTEN ENGELS
PLEIN 35, 3000 LEUVEN |
05-06-2025 → present |
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 2,437 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
Founded04-08-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
43310Plastering work
43333Wallpapering and laying of floor and wall coverings in other materials
43422Screed work
43990Other specialised construction activities
Contact
Website
sanidec.be
E-mail
info@sanidec.be
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.