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SANIDI

Open bankruptcy
Private limited company (pre-2019)founded 2013Jennekensstraat 60, 3200 Aarschot, BelgiumKBO/BCE: BE 0508.980.279

A bankruptcy procedure is open for SANIDI according to publications in the Belgian State Gazette; curator: JOHAN MOMMAERTS.

Summary

The 2022 annual accounts show equity of €241k and a net result of €88k.

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
23 May 2024
Supervising judge
Erwin De Koninck
Official Gazette
29-05-2024 (pdf) ↗search the document for 2024/121768

Curator

  • Johan MommaertsSt. Maartenstraat 53, 3000 Leuvenjohan.mommaerts@ethosadvocaten.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

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. Full guide for creditors

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 30-05-2023, 30 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 · 9 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
30 d late
2021
25 d late
2020
31 d late
2019
29 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 4 January 2013, SANIDI was incorporated.1 Total assets went from EUR 85,631 in 2018 to EUR 265,032 in 2022 and headcount from 0.8 to 0.8 full-time equivalents.2 The company was declared bankrupt on 23 May 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2022
  3. 3Belgian State Gazette, 29-05-2024

Financials · fiscal year 2022, micro schema

Turnover
€349k
EBIT margin
21.1%
Net result
€88k▼ 4.8%
2021 · €92k
Working capital
€242k▲ 53.0%
2021 · €158k
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20182019202020212022
Turnover€349k
Operating result€10k-€22k▲ 112%€-3k€74k€76k▲ 2.9%
Net result€-18k-€18k€-8k€92k€88k▼ 4.8%
EBIT margin21.1%
Equity€68k-€69k▲ 2.9%€61k▼ 11.8%€154k▲ 151%€241k▲ 57.2%
Total assets€86k-€80k▼ 7.0%€73k▼ 8.5%€185k▲ 154%€265k▲ 43.1%
Debt€18k-€10k▼ 44.0%€12k▲ 14.6%€32k▲ 173%€24k▼ 25.6%
Working capital€59k-€63k▲ 7.1%€57k▼ 9.5%€158k▲ 178%€242k▲ 53.0%
Staff (FTE)0.8-0.8=0.8=0.9▲ 12.5%0.8▼ 11.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-50k€0€50k€100kOperating result 2018: €10k€10kNet result 2018: €-18k€-18kOperating result 2019: €22k€22kNet result 2019: €18k€18kOperating result 2020: €-3k€-3kNet result 2020: €-8k€-8kOperating result 2021: €74k€74kNet result 2021: €92k€92kOperating result 2022: €76k€76kNet result 2022: €88k€88k20182019202020212022€-50k€0€50k€100kOperating result 2020: €-3k€-2.8kNet result 2020: €-8k€-8.2kOperating result 2021: €74k€74kNet result 2021: €92k€92kOperating result 2022: €76k€76kNet result 2022: €88k€88k202020212022
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 3% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €265k
Fixed assets €427 ▼ 86.1%
Current assets €265k ▲ 45.2%
Equity and liabilities €265k
Equity €241k ▲ 57.2%
Debt €24k ▼ 25.6%
Debt's share of the balance-sheet total falls from 17.1% to 8.9%. Equity is higher and debt is lower.
Key figures and ratios
2022 value · change against 2021
EBITDA
€79k▼
2021 · €84k
Cash flow
€91k▼
2021 · €102k
Current ratio
11.51▲
2021 · 7.50
Debt to equity
0.10▼
2021 · 0.21
ROE
36.4%▼
2021 · 60.1%
ROA
33.2%▼
2021 · 49.8%
Interest coverage
270.19▲
2021 · 185.43
Debt ≤ 1 year
€23k▼
2021 · €24k
Debt > 1 year
€577▼
2021 · €7k
Staff costs
€43k▼
2021 · €71k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 52 lines
Balance sheet Code20212022
Assets
Total assets20/58€185k€265k▲
Fixed assets21/28€3k€427▼
Tangible fixed assets22/27€3k€427▼
Furniture and vehicles24€3k€427▼
Current assets29/58€182k€265k▲
Stocks and contracts in progress3€0-
Contracts in progress37€0-
Amounts receivable within one year40/41€169k€264k▲
Trade receivables40€22k€14k▼
Other amounts receivable41€147k€250k▲
Cash at bank and in hand54/58€13k€391▼
Equity and liabilities
Total equity and liabilities10/49€185k€265k▲
Equity10/15€154k€241k▲
Contributions10/11€9k€9k=
Reserves13€53k€145k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€51k€143k▲
Profit (loss) carried forward14€92k€88k▼
Amounts payable17/49€32k€24k▼
Amounts payable after more than one year17€7k€577▼
Financial debts170/4€7k€577▼
Amounts payable within one year42/48€24k€23k▼
Current portion of amounts payable after more than one year42€7k€7k▲
Financial debts43-€7k
Credit institutions430/8-€7k
Trade debts44€18k€9k▼
Suppliers440/4€18k€9k▼
Taxes, remuneration and social security45€0€0=
Taxes450/3€0€0=
Remuneration and social security454/9€0€0=
Other amounts payable47/48-€0
Income statement Code20212022
Turnover70€349k-
Goods, raw materials, services and sundry goods60/61€195k-
Remuneration, social security and pensions62€71k€43k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€3k▼
Other operating charges640/8€811€100▼
Gross operating margin9900€155k€122k▼
Operating profit (loss)9901€74k€76k▲
Financial income75/76B€7k€12k▲
Recurring financial income75€7k€12k▲
Financial charges65/66B€450€291▼
Recurring financial charges65€450€291▼
Profit (loss) for the period before taxes9903€81k€88k▲
Income taxes67/77€-12k-
Profit (loss) for the period9904€92k€88k▼
Profit (loss) for the period to be appropriated9905€92k€88k▼
Appropriation of the result
Profit (loss) to be appropriated9906€84k€180k▲
Profit (loss) brought forward from the previous period14P€-8k€92k▲
Transfer from equity791/2€8k-
Transfer to equity691/2-€92k
To other reserves6921-€92k

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022Change
Turnover70---€349k--
Goods, raw materials, services and sundry goods60/61---€195k--
Remuneration, social security and pensions62---€71k€43k▼ 39.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k€2k€10k€3k▼ 73.0%
Other operating charges640/8---€811€100▼ 87.7%
Gross operating margin9900€54k€69k€31k€155k€122k▼ 21.8%
Operating profit (loss)9901€10k€22k€-3k€74k€76k▲ 2.9%
Financial income75/76B---€7k€12k▲ 68.8%
Recurring financial income75€1k-€286€7k€12k▲ 68.8%
Financial charges65/66B---€450€291▼ 35.5%
Recurring financial charges65€109€190€378€450€291▼ 35.5%
Profit (loss) for the period before taxes9903€12k€22k€-3k€81k€88k▲ 9.1%
Income taxes67/77€30k€4k€5k€-12k--
Profit (loss) for the period9904€-18k€18k€-8k€92k€88k▼ 4.8%
Profit (loss) for the period to be appropriated9905€-18k€18k€-8k€92k€88k▼ 4.8%
Line20182019202020212022Change
Assets
Total assets20/58€86k€80k€73k€185k€265k▲ 43.1%
Fixed assets21/28€9k€7k€4k€3k€427▼ 86.1%
Tangible fixed assets22/27€9k€7k€4k€3k€427▼ 86.1%
Furniture and vehicles24---€3k€427▼ 86.1%
Current assets29/58€77k€73k€68k€182k€265k▲ 45.2%
Stocks and contracts in progress3€13k€4k€32k€0--
Contracts in progress37---€0--
Amounts receivable within one year40/41€36k€13k€23k€169k€264k▲ 56.3%
Trade receivables40---€22k€14k▼ 34.7%
Other amounts receivable41---€147k€250k▲ 70.0%
Cash at bank and in hand54/58€27k€57k€13k€13k€391▼ 97.0%
Equity and liabilities
Total equity and liabilities10/49€86k€80k€73k€185k€265k▲ 43.1%
Equity10/15€68k€69k€61k€154k€241k▲ 57.2%
Contributions10/11€9k€9k€9k€9k€9k=
Reserves13€77k€59k€61k€53k€145k▲ 175%
Non-distributable reserves130/1---€2k€2k=
Reserves not available under the articles1311---€2k€2k=
Distributable reserves133---€51k€143k▲ 182%
Profit (loss) carried forward14€-18k€2k€-8k€92k€88k▼ 4.8%
Amounts payable17/49€18k€10k€12k€32k€24k▼ 25.6%
Amounts payable after more than one year17---€7k€577▼ 92.2%
Financial debts170/4---€7k€577▼ 92.2%
Amounts payable within one year42/48€18k€10k€12k€24k€23k▼ 5.3%
Current portion of amounts payable after more than one year42---€7k€7k▲ 2.6%
Financial debts43----€7k-
Credit institutions430/8----€7k-
Trade debts44€11k€5k€12k€18k€9k▼ 46.9%
Suppliers440/4---€18k€9k▼ 46.9%
Taxes, remuneration and social security45---€0€0-
Taxes450/3---€0€0-
Remuneration and social security454/9---€0€0-
Other amounts payable47/48----€0-
Line20182019202020212022Change
Profit (loss) for the period9904€-18k€18k€-8k€92k€88k▼ 4.8%
+ Depreciation and write-downs630€6k€2k€2k€10k€3k▼ 73.0%
Operating cash flow (approximation)€-13k€20k€-6k€102k€91k▼ 11.3%
Investment in fixed assets (approximation)-€0€0€-8k€0▲ 100%
Change in cash-€29k€-44k€75€-13k▼ 17,137%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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More with these figures Sector benchmark What changed Value indication

Timeline · acts, filings and financial milestones

2024
29-05
Bankruptcy Opening
Ondernemingsrechtbank Leuven · event 23-05-2024
2023
30-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-09
Financial Equity above €200kEq €241k ▲57.2%
2 profitable years in a row build equity to €241k.
25-05
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-09
Financial Back to profitnet €92k
Net result €92k after one loss-making year.
30-09
Financial Equity above €150kEq €154k ▲151%
Equity rises from €61k to €154k.
31-05
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
29-05
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 29 days late
2019
30-09
Financial Back to profitnet €18k
Net result €18k after one loss-making year.
28-05
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
31-05
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-05
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
31-05
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
28-05
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
SignalFinancial 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Aarschot · 1 establishment unit since 2013
seat establishment The establishment unit on the map
Ground area
1,232 m²
Building footprint
232 m²
Volume, LiDAR
1,405 m³
Parcel 24662D0227/00R000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
SANIDI
Jennekensstraat 60, 3200 AarschotInstallation of electric heating, air conditioning, cooling and ventilation
since 20132.217.786.224
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24662D0227/00R000 Flanders 1,232 m² 1 · 232 m² 10.0 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

1 mandate
Role Name Tenure
Curator JOHAN MOMMAERTS
ST. MAARTENSTRAAT 53, 3000 LEUVEN
23-05-2024 → present

Recognitions · licences · registrations

Dual-learning approval

3 ended
Monteur centrale verwarming (so)
ended · 2018 to 2023
Monteur sanitaire en verwarmingsinstallaties duaal (so)
ended · 2018 to 2023
Sanitair installateur (so)
ended · 2018 to 2023

Similar companies · same sector, comparable size

Of 9,534 companies in sector 43222 we hold annual accounts for 5,664. 4,695 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 (pre-2019)
Founded04-01-2013
Fiscal year end30-09
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
43230Insulation installation

Scores and ratios are computed by Checked and are not a credit decision.