Active BE 0535.888.079Private limited company (pre-2019)Open bankruptcy

SANISTEEL

Bosstraat 50 ·3560 Lummen, Belgium· 13 yrs active

Sector: Overige gespecialiseerde bouwactiviteiten, neg (43990)

Conclusion Checked

A bankruptcy procedure is open for SANISTEEL according to publications in the Belgian State Gazette. The 2019 annual accounts show equity of €108k and a net result of €88k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€108k
Net result	€88k
Active	13 yrs
Locations	1

Snowflake analysis 5 of 5 axes measured · computed by Checked

55 / 100

Mixed profile: strong on profitability, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 24

Profitability 100

Solvency 75

Growth 78

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

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.

Health barometer FY 2019 · computed

24 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2019 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview6 NBB filings

Annual accounts filed on 03-06-2020 with the NBB · fiscal year 2019 · verkort

RevenueOperating resultNet result

Revenue

€352k

- 18-19

EBITDA

€37k

+33.3% 18-19

Net profit

€88k

+8.6% 18-19

Cash flow

€93k

+1.4% 18-19

Total assets

€393k

+52.4% 18-19

Equity

€108k

+6.9% 18-19

Working capital

€128k

+3.7% 18-19

Employees (FTE)

2

- 18-19

Income taxes

€11k

-53.0% 18-19

Debt

€285k

+81.8% 18-19

Debt ≤ 1y

€235k

+136.9% 18-19

Debt > 1y

€50k

-13.1% 18-19

Current ratio

1.54

-31.2% 18-19

Quick ratio

1.54

-31.2% 18-19

Solvency

27.5%

-29.9% 18-19

Debt / equity

0.46

-18.7% 18-19

ROE

81.1%

+1.6% 18-19

ROA

22.3%

-28.7% 18-19

Net margin

22.9%

- 18-19

EBITDA margin

7.9%

- 18-19

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Deposit	verkort
Revenue	-
EBITDA	€37k
Net profit	€88k
Cash flow	€93k
Staff costs	-
Income taxes	€11k
Dividends	-
Total assets	€393k
Equity	€108k
Debt	€285k
of which ≤ 1y	€235k
of which > 1y	€50k
Working capital	€128k
Employees (FTE)	-

Ratios (computed)

	2019
Current ratio	1.54
Quick ratio	1.54
Working capital ratio	32.5%
Solvency	27.5%
Debt / equity	0.46
Long-term debt ratio	0.46
Interest coverage	-
Gross margin	-
Net margin	-
ROA	22.3%
ROE	81.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €31k · 7.8% Current assets €362k · 92.2%

Equity & liabilities

Equity €108k · 27.5% Debt €285k · 72.5%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€393k
Fixed assets	21/28	€31k
Tangible fixed assets	22/27	€20k
Financial fixed assets	28	€11k
Current assets	29/58	€362k
Amounts receivable within one year	40/41	€362k
Cash & bank	54/58	€623
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€393k
Equity	10/15	€108k
Contributions / capital	10/11	€19k
Reserves	13	€2k
Accumulated profits (losses)	14	€88k
Amounts payable	17/49	€285k
Amounts payable after one year	17	€50k
Amounts payable within one year	42/48	€235k
Trade debts payable within one year	44	€65k
Income statement
Gross operating margin	9900	€77k
Operating result	9901	€32k
Financial income	75	€99
Financial charges	65	€14k
Result before taxes	9903	€18k
Income taxes	67/77	€11k
Net result for the period	9904	€7k
Result to be appropriated	9905	€7k

You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	MICHEL SPAAS SEPULKRIJNENLAAN 75, 3500 HASSELT	03-12-2020 → present	Belgian State Gazette

Legal Structure

NACE primary	Overige gespecialiseerde bouwactiviteiten, neg(43990)
Legal form	Private limited company (pre-2019)(015)
Incorporation	24-06-2013
Status	Active
Postal code	3560
First BS signal	09-12-2020
Latest BS signal	09-12-2020

Establishment units 1 location

SANISTEEL

Bosstraat 50, 3560 LummenSmeden van metaal

since 20132.223.590.881

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71037C2731/00P000	Flanders	1,357 m²	1 · 863 m²	8.6 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2020

09-12-2020

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · SANISTEEL BV BOSSTRAAT 50 BUS 4, 3560 LUMMEN · event 03-12-2020

03-06-2020