SANISTEEL
Open bankruptcyA bankruptcy procedure is open for SANISTEEL according to publications in the Belgian State Gazette; curator: MICHEL SPAAS.
Summary
The 2019 annual accounts show equity of €108k and a net result of €7k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-09-2019 was due by 30-04-2020 and was filed on 03-06-2020, 34 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 · 6 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
34 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, abbreviated schema
Turnover
€352k
EBIT margin
4.9%
Net result
€7k
2018 · €-15k
2018: €-15k
2018 → 2019
Working capital
€128k▲ 3.7%
2018 · €123k
2018: €123k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Turnover€352k-
Equity€101k-€108k▲ 6.9%
Operating result€17k-€32k▲ 86.2%
Net result€-15k-€7k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 86% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €393k
Fixed assets
€31k ▼ 14.3%
Current assets
€362k ▲ 63.1%
Equity and liabilities €393k
Equity
€108k ▲ 6.9%
Debt
€285k ▲ 81.8%
Debt's share of the balance-sheet total rises from 60.7% to 72.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37k▲
2018 · €28k
Cash flow
€12k▲
2018 · €-5k
Current ratio
1.54▼
2018 · 2.24
Debt to equity
0.46▼
2018 · 0.57
ROE
6.4%▲
2018 · -15.3%
ROA
1.8%▲
2018 · -6.0%
Debt ≤ 1 year
€235k▲
2018 · €99k
Debt > 1 year
€50k▼
2018 · €58k
Income taxes
€11k▼
2018 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2019 against 2018 · 26 lines
Balance sheet
Code20182019
Assets
Total assets20/58€258k€393k▲
Fixed assets21/28€36k€31k▼
Tangible fixed assets22/27€32k€20k▼
Financial fixed assets28€4k€11k▲
Current assets29/58€222k€362k▲
Amounts receivable within one year40/41€219k€362k▲
Cash at bank and in hand54/58€3k€623▼
Equity and liabilities
Total equity and liabilities10/49€258k€393k▲
Equity10/15€101k€108k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Profit (loss) carried forward14€81k€88k▲
Amounts payable17/49€157k€285k▲
Amounts payable after more than one year17€58k€50k▼
Amounts payable within one year42/48€99k€235k▲
Trade debts44€33k€65k▲
Income statement
Code20182019
Turnover70€352k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€5k▼
Gross operating margin9900€71k€77k▲
Operating profit (loss)9901€17k€32k▲
Recurring financial income75€696€99▼
Recurring financial charges65€9k€14k▲
Profit (loss) for the period before taxes9903€9k€18k▲
Income taxes67/77€24k€11k▼
Profit (loss) for the period9904€-15k€7k▲
Profit (loss) for the period to be appropriated9905€-15k€7k▲
Timeline · acts, filings and financial milestones
2020
09-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · SANISTEEL BV BOSSTRAAT 50 BUS 4, 3560 LUMMEN · event 03-12-2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 34 days late
2019
30-09
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
02-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
18-11
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 202 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Lummen · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bosstraat 503560 LummenGround area
1,357 m²
Building footprint
863 m²
Volume, LiDAR
6,746 m³
Parcel 71037C2731/00P000, Flanders · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SANISTEEL
since 20132.223.590.881
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037C2731/00P000 | Flanders | 1,357 m² | 1 · 863 m² | 8.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 | MICHEL SPAAS SEPULKRIJNENLAAN 75,
3500 HASSELT |
03-12-2020 → present |
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,225 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-06-2013
Fiscal year end30-09
Activities, NACEBEL 2025
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.