SANINE
InactiveSANINE was declared bankrupt on 19-09-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 23-12-2025, published in the Belgian State Gazette on 31-12-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-03-2023, 241 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
241 d late
2020
4 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 78 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Financials · fiscal year 2021, micro schema
Turnover
€81,075▼ 24.4%
2019 · €107,289
EBIT margin
-28.5%▲ 3.6pp
2019 · -32.1%
Net result
€3,226
2020 · -€24,847
Working capital
-€110,589▲ 1.2%
2020 · -€111,878
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
Line2018201920202021
Turnover€107,289€81,075▼ 24.4%
Operating result-€27,281--€34,471▼ 26.4%-€23,136▲ 32.9%€4,517
Net result-€31,545--€37,671▼ 19.4%-€24,847▲ 34.0%€3,226
EBIT margin-32.1%-28.5%▲ 3.6pp
Equity-€44,619--€82,290▼ 84.4%-€107,138▼ 30.2%-€103,912▲ 3.0%
Total assets€53,500-€30,233▼ 43.5%€20,768▼ 31.3%€14,673▼ 29.3%
Debt€98,119-€112,523▲ 14.7%€127,905▲ 13.7%€118,585▼ 7.3%
Working capital-€45,735--€87,553▼ 91.4%-€111,878▼ 27.8%-€110,589▲ 1.2%
Staff (FTE)0.3-0.6▲ 100%0.3▼ 50.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €4,517 after a loss of €23,136 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €14,673
Fixed assets
€6,677 ▼ 47.6%
Current assets
€7,996 ▼ 0.2%
Key figures and ratios
EBITDA
€10,593▲
2020 · -€16,537
Cash flow
€9,302▲
2020 · -€18,247
Solvency
-708.2%▼
2020 · -515.9%
Current ratio
0.07▲
2020 · 0.07
Quick ratio
0.05▲
2020 · 0.05
Debt to equity
-1.14▼
2020 · -0.07
ROA
22.0%▲
2020 · -119.6%
Interest coverage
8.21
Debt ≤ 1 year
€118,585▼
2020 · €119,892
Staff costs
€22,942
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | €107,289 | €81,075 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €22,942 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,415 | €8,010 | €6,600 | €6,076 | ▼ 7.9% |
| Other operating charges640/8 | - | - | - | €1,636 | - |
| Gross operating margin9900 | -€11,140 | -€2,899 | -€5,278 | €35,171 | ▲ 766% |
| Operating profit (loss)9901 | -€27,281 | -€34,471 | -€23,136 | €4,517 | ▲ 120% |
| Recurring financial income75 | €4 | €3 | - | - | - |
| Financial charges65/66B | - | - | - | €1,291 | - |
| Recurring financial charges65 | €3,570 | €1,992 | €894 | €1,291 | ▲ 44.5% |
| Profit (loss) for the period before taxes9903 | -€30,847 | -€36,460 | -€24,030 | €3,226 | ▲ 113% |
| Income taxes67/77 | €699 | €1,211 | €817 | - | - |
| Profit (loss) for the period9904 | -€31,545 | -€37,671 | -€24,847 | €3,226 | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | -€31,545 | -€37,671 | -€24,847 | €3,226 | ▲ 113% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €53,500 | €30,233 | €20,768 | €14,673 | ▼ 29.3% |
| Fixed assets21/28 | €26,930 | €19,085 | €12,754 | €6,677 | ▼ 47.6% |
| Tangible fixed assets22/27 | €20,480 | €12,635 | €6,304 | €227 | ▼ 96.4% |
| Plant, machinery and equipment23 | - | - | - | €227 | - |
| Financial fixed assets28 | €6,450 | €6,450 | €6,450 | €6,450 | = |
| Current assets29/58 | €26,571 | €11,148 | €8,014 | €7,996 | ▼ 0.2% |
| Stocks and contracts in progress3 | €3,385 | €3,385 | €2,280 | €1,631 | ▼ 28.5% |
| Stocks30/36 | - | - | - | €1,631 | - |
| Amounts receivable within one year40/41 | €20,098 | €5,029 | €5,554 | €6,083 | ▲ 9.5% |
| Other amounts receivable41 | - | - | - | €6,083 | - |
| Cash at bank and in hand54/58 | €3,088 | €2,734 | €180 | €282 | ▲ 56.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €53,500 | €30,233 | €20,768 | €14,673 | ▼ 29.3% |
| Equity10/15 | -€44,619 | -€82,290 | -€107,138 | -€103,912 | ▲ 3.0% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | - |
| Profit (loss) carried forward14 | -€64,619 | -€102,290 | -€127,138 | -€123,912 | ▲ 2.5% |
| Amounts payable17/49 | €98,119 | €112,523 | €127,905 | €118,585 | ▼ 7.3% |
| Amounts payable after more than one year17 | €19,229 | €13,822 | €8,013 | - | - |
| Amounts payable within one year42/48 | €72,306 | €98,701 | €119,892 | €118,585 | ▼ 1.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,885 | - |
| Trade debts44 | €40,284 | €44,200 | €41,699 | €54,948 | ▲ 31.8% |
| Suppliers440/4 | - | - | - | €54,948 | - |
| Taxes, remuneration and social security45 | - | - | - | €2,000 | - |
| Taxes450/3 | - | - | - | €2,000 | - |
| Other amounts payable47/48 | - | - | - | €59,752 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,545 | -€37,671 | -€24,847 | €3,226 | ▲ 113% |
| + Depreciation and write-downs630 | €9,415 | €8,010 | €6,600 | €6,076 | ▼ 7.9% |
| Operating cash flow (approximation) | -€22,130 | -€29,661 | -€18,247 | €9,302 | ▲ 151% |
| Investment in fixed assets (approximation) | - | -€165 | -€269 | €1 | ▲ 100% |
| Change in cash | - | -€354 | -€2,554 | €102 | ▲ 104% |
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
31-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 23-12-2025
2024
25-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 19-09-2024
24-05
KBO administration
Address struck
event 09-04-2024
2023
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 241 days late
2021
31-12
Financial
Back to profitnet €3,226
Net result €3,226 after 3 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€37,671
Net result drops to -€37,671, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Show earlier events
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
31-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
30-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DAVID ANNé FRANKRIJKLEI 5 BUS 0401,
2000 ANTWERPEN 1 |
19-09-2024 → 23-12-2025 |
Identification & contact
Identification
Legal formBV
Fiscal year end31-12
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.