SANIFAUST
ActiveSummary
The computed 12-month bankruptcy probability of SANIFAUST is 1.6% (moderate). The 2025 annual accounts show equity of €61,033 and a net result of -€27,938. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 39% of 28184 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-55
Solvency63▲+1
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.2 against 1.33 in 2024; short-term debt: 60.1% and cash: 9.7% of total assets), and 62.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.5%
Return on assets
-17.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 10 filingsDeviation from the deadline
2025
18 d late
2024
2 d early
2023
32 d early
2022
25 d late
2021
30 d early
2020
9 d late
2019
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€61,033▼ 31.4%
2024 · €88,971
Total assets
€162,601▼ 33.3%
2024 · €243,670
Net result
-€27,938
2024 · €3,407
Working capital
€19,285▼ 59.7%
2024 · €47,807
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
Line20212022202320242025
Operating result-€25,524-€40,568▼ 58.9%€34,681€6,439▼ 81.4%-€24,983
Net result-€27,151-€42,381▼ 56.1%€25,096€3,407▼ 86.4%-€27,938
Equity€102,848▼ 20.9%€60,468▼ 41.2%€85,564▲ 41.5%€88,971▲ 4.0%€61,033▼ 31.4%
Total assets€217,221▲ 0.1%€131,626▼ 39.4%€105,070▼ 20.2%€243,670▲ 132%€162,601▼ 33.3%
Debt€114,372▲ 31.4%€71,158▼ 37.8%€19,506▼ 72.6%€154,699▲ 693%€101,568▼ 34.3%
Working capital€70,481▼ 35.4%€41,774▼ 40.7%€85,503▲ 105%€47,807▼ 44.1%€19,285▼ 59.7%
Staff (FTE)7.2▼ 11.1%7.5▲ 4.2%5.7▼ 24.0%4.8▼ 15.8%4.8=
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Total assets +132% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €24,983 after €6,439 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162,601
Fixed assets
€45,643 ▼ 11.4%
Current assets
€116,958 ▼ 39.1%
Equity and liabilities €162,601
Equity
€61,033 ▼ 31.4%
Debt
€101,568 ▼ 34.3%
Debt's share of the balance-sheet total falls from 63.5% to 62.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€9,571▼
2024 · €19,616
Cash flow
-€12,527▼
2024 · €16,584
Current ratio
1.20▼
2024 · 1.33
Quick ratio
1.00▼
2024 · 1.22
Debt to equity
1.66▼
2024 · 1.74
ROE
-45.8%▼
2024 · 3.8%
ROA
-17.2%▼
2024 · 1.4%
Interest coverage
-3.59▼
2024 · 4.12
Debt ≤ 1 year
€97,673▼
2024 · €144,354
Debt > 1 year
€3,895▼
2024 · €10,345
Income taxes
€290▲
2024 · €273
Staff costs
€149,249▲
2024 · €147,538
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,827 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €207,481 | €199,957 | €176,949 | €147,538 | €149,249 | ▲ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,389 | €17,516 | €4,712 | €13,177 | €15,412 | ▲ 17.0% |
| Other operating charges640/8 | €12,477 | €7,331 | €16,159 | €13,666 | €18,003 | ▲ 31.7% |
| Gross operating margin9900 | €210,822 | €184,236 | €232,502 | €180,820 | €157,681 | ▼ 12.8% |
| Operating profit (loss)9901 | -€25,524 | -€40,568 | €34,681 | €6,439 | -€24,983 | ▼ 488% |
| Financial income75/76B | €376 | €492 | €5 | €1,997 | - | - |
| Recurring financial income75 | €376 | €492 | €5 | €1,997 | - | - |
| Financial charges65/66B | €1,091 | €2,185 | €9,458 | €4,756 | €2,666 | ▼ 43.9% |
| Recurring financial charges65 | €1,091 | €2,185 | €9,458 | €4,756 | €2,666 | ▼ 43.9% |
| Profit (loss) for the period before taxes9903 | -€26,240 | -€42,261 | €25,228 | €3,680 | -€27,648 | ▼ 851% |
| Income taxes67/77 | €912 | €120 | €132 | €273 | €290 | ▲ 6.2% |
| Profit (loss) for the period9904 | -€27,151 | -€42,381 | €25,096 | €3,407 | -€27,938 | ▼ 920% |
| Profit (loss) for the period to be appropriated9905 | -€27,151 | -€42,381 | €25,096 | €3,407 | -€27,938 | ▼ 920% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €217,221 | €131,626 | €105,070 | €243,670 | €162,601 | ▼ 33.3% |
| Fixed assets21/28 | €32,367 | €18,693 | €809 | €51,509 | €45,643 | ▼ 11.4% |
| Intangible fixed assets21 | - | - | - | €0 | €0 | - |
| Tangible fixed assets22/27 | €31,244 | €18,463 | €578 | €51,278 | €45,413 | ▼ 11.4% |
| Land and buildings22 | €2,867 | €2,753 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €3,690 | €2,908 | ▼ 21.2% |
| Furniture and vehicles24 | €20,110 | €11,576 | €578 | €47,588 | €37,173 | ▼ 21.9% |
| Other tangible fixed assets26 | €8,268 | €4,134 | - | €0 | €5,332 | - |
| Financial fixed assets28 | €1,123 | €230 | €230 | €230 | €230 | = |
| Current assets29/58 | €184,854 | €112,932 | €104,261 | €192,161 | €116,958 | ▼ 39.1% |
| Stocks and contracts in progress3 | - | €14,590 | €14,363 | €16,258 | €19,582 | ▲ 20.4% |
| Stocks30/36 | - | €14,590 | €14,363 | €16,258 | €19,582 | ▲ 20.4% |
| Amounts receivable within one year40/41 | €163,348 | €72,796 | €89,409 | €131,651 | €76,523 | ▼ 41.9% |
| Trade receivables40 | €145,984 | €69,930 | €86,843 | €129,225 | €76,378 | ▼ 40.9% |
| Other amounts receivable41 | €17,364 | €2,866 | €2,566 | €2,426 | €145 | ▼ 94.0% |
| Cash at bank and in hand54/58 | €16,091 | €23,700 | €489 | €38,899 | €15,847 | ▼ 59.3% |
| Deferred charges and accrued income490/1 | €5,415 | €1,846 | - | €5,353 | €5,006 | ▼ 6.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €217,221 | €131,626 | €105,070 | €243,670 | €162,601 | ▼ 33.3% |
| Equity10/15 | €102,848 | €60,468 | €85,564 | €88,971 | €61,033 | ▼ 31.4% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €20,610 | €20,610 | €20,610 | €20,610 | €20,610 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €69,838 | €27,458 | €52,554 | €55,961 | €28,023 | ▼ 49.9% |
| Amounts payable17/49 | €114,372 | €71,158 | €19,506 | €154,699 | €101,568 | ▼ 34.3% |
| Amounts payable after more than one year17 | - | - | - | €10,345 | €3,895 | ▼ 62.3% |
| Financial debts170/4 | - | - | - | €10,345 | €3,895 | ▼ 62.3% |
| Amounts payable within one year42/48 | €114,372 | €71,158 | €18,758 | €144,354 | €97,673 | ▼ 32.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,173 | €6,449 | ▲ 4.5% |
| Trade debts44 | €106,749 | €51,553 | €13,653 | €131,685 | €47,670 | ▼ 63.8% |
| Suppliers440/4 | €106,749 | €51,553 | €13,653 | €131,685 | €47,670 | ▼ 63.8% |
| Advances received on contracts in progress46 | €2,420 | €2,420 | €1,564 | - | - | - |
| Taxes, remuneration and social security45 | €5,204 | €10,094 | €3,541 | €5,897 | €10,572 | ▲ 79.3% |
| Taxes450/3 | €1,971 | €1,031 | €1,235 | €1,236 | €1,344 | ▲ 8.8% |
| Remuneration and social security454/9 | €3,233 | €9,063 | €2,305 | €4,661 | €9,228 | ▲ 98.0% |
| Other amounts payable47/48 | - | €7,091 | - | €600 | €32,982 | ▲ 5,397% |
| Accrued charges and deferred income492/3 | - | - | €748 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,151 | -€42,381 | €25,096 | €3,407 | -€27,938 | ▼ 920% |
| + Depreciation and write-downs630 | €16,389 | €17,516 | €4,712 | €13,177 | €15,412 | ▲ 17.0% |
| Operating cash flow (approximation) | -€10,762 | -€24,865 | €29,809 | €16,584 | -€12,527 | ▼ 176% |
| Investment in fixed assets (approximation) | - | -€3,842 | €13,173 | -€63,877 | -€9,546 | ▲ 85.1% |
| Change in cash | - | €7,610 | -€23,211 | €38,410 | -€23,052 | ▼ 160% |
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
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €25,096
Net result €25,096 after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 5.56
Current ratio from 1.59 to 5.56; short-term debt falls from €71,158 to €18,758.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Weakest financial yearnet -€42,381
Net result drops to -€42,381, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Highest result since 2018net €30,819 ▲1,952%
Net result €30,819, the highest in the series.
31-12
Financial
Equity above €100,000Eq €130,000 ▲31.1%
2 profitable years in a row build equity to €130,000.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €1,502
Net result €1,502 after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
3 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, Anderlecht · 1 establishment unit since 2002
Ground area
5,512 m²
Building footprint
279 m²
Volume, LiDAR
1,752 m³
Parcel 21307G0120/00F002, Brussels · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SANIFAUST
since 20022.094.652.048
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21307G0120/00F002 | Brussels | 5,512 m² | 1 · 279 m² | 9.1 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.
Recognitions · licences · registrations
Dual-learning approval
3 live approvalsMonteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitaire en verwarmingsinstallaties duaal (so)
Vakman installatietechnieken (vwo)
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Of 7,043 companies in sector 43221 we hold annual accounts for 3,473. 3,011 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
Founded18-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476905646
Also
9925:BE0476905646
Registered
13-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.