Skip to content

SANITARY GROUP

Active
Public limited companyfounded 2010active for 16 yearsForeestelaan 80, 9000 Gent, Belgium12 active companies are registered at this addressKBO/BCE: BE 0829.170.054
Summary

SANITARY GROUP has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.0m and a net result of €42.8m. Equity remains stable across the filed financial years (±0% per year). Its solvency ranks better than 14% of 3,840 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Business and other management consultancy
NACE 70200
2 sites
Size
€41.3mturnover 2025
Staff
69.9 FTE
Equity
€10.0m
Profit
€42.8m
Standalone figures, without subsidiaries
Financial health
85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
Safuco · 100%
Holdings
8
  • Blue HoldcoManaging director · permanent representative Veerle Hoebrechs
  • DMTSManaging director · permanent representative Peter Demets
Auditor: EY Bedrjfsrevisoren BVAccounts 93 days early4 of 33 deeds read
Why 85raises riskLiquidity: current ratio 0.20, cash €1.9mEquity €10.0m (9.1% of total assets)lowers riskSize: turnover €41.3m, 69.9 FTE, total assets €109.3m, files consolidated accountsSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 37% of its sector peers (NACE 70, medium-sized)
Financial strength · tick = 2024
Average
Solvency 34-3
equity 9.1% of total assets
Liquidity 35-4
short-term debt 37.7% · cash 1.7%
Profitability 77+13
return on assets 39.2%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (798 companies, NACE 70, medium-sized)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025highest value 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026lowest value
Credit of up to €800,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.2, compared with 0.38 in 2024, below 1; short-term debt: 37.7% and cash: 1.7% of total assets), and 90.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, medium-sized): better than 10% on solvency, 20% on liquidity, 81% on profitability and 36% on growth.

The bankruptcy probability was computed on 21-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.20, cash €1.9m
NBB · annual accounts
raises risk · Equity €10.0m (9.1% of total assets)
NBB · annual accounts
lowers risk · Size: turnover €41.3m, 69.9 FTE, total assets €109.3m, files consolidated accounts
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 3840 sector peers (2025).
NBB · sector comparison
Position among 3840 sector peers
Solvency
better than 14%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-01-2026, 93 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
93 days early
2024
107 days early
2023
106 days early
2022
107 days early
2021
109 days early
2020
81 days early
2019
58 days early
← 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 94 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 13 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end22-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Highest result from 2019 to 2025net €42.8m ▲370%
  3. Resignations: Hubris BV (director) and Exspeca…Appointments: DMTS BV (director) and…

Key points

  • Positive: Result rose in 2025from €9.1m to €42.8m ▲ 370% View
  • Caution: Among the weakest 14% on solvencysector median 53.5% · 3,840 companies 9.1% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by Safucoultimately: Blue Holdco 100% View
  • Positive: 7 profitable years in a rowprofit 2025: €42.8m 7 years View

By topic

Financials

Financial year
2025
Turnover
€41.3m
Profit
€42.8m
Solvency
9.1%
Turnover▲ 5.7%
Net result
20192025
Go to Financials

Board & ownership

Board
2 members
Parent
Safuco · 100%
Auditor
EY Bedrjfsrevisoren BV
  • Blue HoldcoManaging director
  • DMTSManaging director
Go to Board & ownership

Network & group

Group
Blue Holdco
Subsidiaries
8
Connected companies
9
Mergers and asset contributions
1

8 subsidiaries

Go to Network & group

Timeline

Events
24
Since
2012
Next accounts
by 30-04-2027
  1. 13-01-2025Annual accounts filed
  2. 13-01-2025Annual accounts filed
  3. 05-11-2024Resignations: Michiel Deturck, Joris Van Troos and…
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Business and other management consultancyNACE 70200
Founded
07-09-2010
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.