Checked.be
Active
BE 0428.337.053Private limited company
SANIDUBRU
Rue des Ardennes,Buvange 4 ·6780 Messancy, Belgium· 40 yrs active
Sector: Plumbing work
(43221)
Conclusion
SANIDUBRU has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €741k and a net result of €126k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 83% of 7448 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €741k |
| Net result | €126k |
| Staff (FTE) | 6.9 |
| Better than sector | 83% |
Financial profile
91
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
85
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1986, 40 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€70k
estimate, not credit advice
Score history
93
2021
83
2022
91
2023
100
2024
93
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.79 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.34 (≥ 1.0)
+5
Leverage
Debt/equity 0.34 (< 1.0)
+10
Profitability
ROE 17% (≥ 10%)
+10
Interest coverage
Interest coverage 32.8× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 27-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±0.4%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 74.7% | 44.0% | |
| Net result | €126k | €30k | |
| Equity | €741k | €276k | |
| Gross operating margin | €631k | €275k | |
| Staff costs | €417k | €244k |
€203k
+3.9%
21-25
€126k
-1.5%
21-25
€173k
+3.5%
21-25
€992k
-9.0%
21-25
€741k
+6.6%
21-25
€417k
+15.9%
21-25
7
-11.5%
21-25
€417k
-0.8%
21-25
€41k
-7.5%
21-25
€80k
0.0%
21-25
€251k
-36.4%
21-25
€150k
-46.6%
21-25
€93k
-11.4%
21-25
3.79
+65.8%
21-25
3.34
+58.1%
21-25
74.7%
+17.1%
21-25
0.34
-40.3%
21-25
16.9%
-7.6%
21-25
12.7%
+8.2%
21-25
32.78
+86.5%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - | - |
| EBITDA | €203k | €196k | €86k | €79k | €156k |
| Net profit | €126k | €128k | €39k | €38k | €87k |
| Cash flow | €173k | €167k | €81k | €81k | €135k |
| Staff costs | €417k | €421k | €451k | €430k | €547k |
| Income taxes | €41k | €44k | €14k | €13k | €22k |
| Dividends | €80k | €80k | €80k | €80k | €60k |
| Total assets | €992k | €1.09M | €1.01M | €966k | €931k |
| Equity | €741k | €695k | €648k | €689k | €731k |
| Debt | €251k | €394k | €361k | €274k | €196k |
| of which ≤ 1y | €150k | €280k | €261k | €154k | €175k |
| of which > 1y | €93k | €105k | €96k | €120k | €10k |
| Working capital | €417k | €360k | €283k | €282k | €387k |
| Employees (FTE) | 6.9 | 7.8 | 9.2 | 9.2 | 12.4 |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, full schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 3.79 | 2.29 | 2.08 | 2.83 | 3.20 |
| Quick ratio | 3.34 | 2.11 | 1.91 | 2.53 | 2.82 |
| Working capital ratio | 42.1% | 33.0% | 28.0% | 29.1% | 41.5% |
| Solvency | 74.7% | 63.8% | 64.2% | 71.3% | 78.6% |
| Debt / equity | 0.34 | 0.57 | 0.56 | 0.40 | 0.27 |
| Long-term debt ratio | 0.13 | 0.15 | 0.15 | 0.17 | 0.01 |
| Interest coverage | 32.78 | 17.58 | 12.21 | 6.00 | 10.52 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 12.7% | 11.7% | 3.9% | 3.9% | 9.3% |
| ROE | 16.9% | 18.3% | 6.0% | 5.5% | 11.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €992k | €1.09M | €1.01M | €966k | €931k |
| Fixed assets | 21/28 | €425k | €450k | €465k | €531k | €369k |
| Tangible fixed assets | 22/27 | €317k | €313k | €302k | €341k | €368k |
| Financial fixed assets | 28 | €108k | €136k | €163k | €190k | €785 |
| Current assets | 29/58 | €567k | €640k | €544k | €435k | €562k |
| Stocks & contracts in progress | 3 | €68k | €49k | €46k | €46k | €68k |
| Amounts receivable within one year | 40/41 | €300k | €324k | €202k | €218k | €214k |
| Cash & bank | 54/58 | €192k | €263k | €291k | €164k | €276k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €992k | €1.09M | €1.01M | €966k | €931k |
| Equity | 10/15 | €741k | €695k | €648k | €689k | €731k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €721k | €675k | €627k | €669k | €711k |
| Provisions & deferred taxes | 16 | - | - | - | €4k | €4k |
| Amounts payable | 17/49 | €251k | €394k | €361k | €274k | €196k |
| Amounts payable after one year | 17 | €93k | €105k | €96k | €120k | €10k |
| Amounts payable within one year | 42/48 | €150k | €280k | €261k | €154k | €175k |
| Trade debts payable within one year | 44 | €17k | €68k | €74k | €37k | €48k |
| Income statement | ||||||
| Gross operating margin | 9900 | €631k | €627k | €543k | €520k | €710k |
| Operating result | 9901 | €156k | €156k | €44k | €36k | €108k |
| Financial income | 75 | €15k | €21k | €15k | €17k | €15k |
| Financial charges | 65 | €6k | €11k | €7k | €13k | €15k |
| Result before taxes | 9903 | €166k | €171k | €52k | €51k | €108k |
| Income taxes | 67/77 | €41k | €44k | €14k | €13k | €22k |
| Net result for the period | 9904 | €126k | €128k | €39k | €38k | €87k |
| Result to be appropriated | 9905 | €126k | €128k | €39k | €38k | €87k |
Legal Structure
| NACE primary | Plumbing work(43221) |
| Legal form | Private limited company(610) |
| Incorporation | 01-01-1986 |
| Status | Active |
| Postal code | 6780 |
Establishment units
Rue des Ardennes,Wolkrange 4, 6780 Messancy
since 19862.029.226.934
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81023B1165/00B000indicative | Wallonia | 1,142 m² | - | - |
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 8 days late
2024
31-12
Financial
Highest result since 2021net €128k ▲228%
Operating result €156k, net result €128k, both a record.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €38k ▼56.6%
Net result drops to €38k, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 11 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 11 days late
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 38 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Plumbing work43221Installation of electric heating, air conditioning, cooling and ventilation4322245332
Names & trade names
| Legal nameFR | SANIDUBRU |
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