SANITARY OFFICES
ActiveSANITARY OFFICES has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.01M and a net result of €170k. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 48% of 9167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72=
Solvency55▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 2.18 against 1.51 in 2024; short-term debt: 3.4% and cash: 1.5% of total assets), but 70.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.7%
Return on assets
2.5%
Age of the figures
12 mo
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 31-03-2026, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
30 d early
2024
5 d early
2023
106 d early
2022
107 d early
2021
109 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.01M▲ 9.2%
2024 · €1.84M
2021: €1.40M
2022: €1.51M
2023: €1.68M
2024: €1.84M
2021 → 2025
Total assets
€6.79M▲ 0.7%
2024 · €6.74M
2021: €6.86M
2022: €6.78M
2023: €6.75M
2024: €6.74M
2021 → 2025
Net result
€170k▲ 0.2%
2024 · €169k
2021: €3k
2022: €105k
2023: €167k
2024: €169k
2021 → 2025
Working capital
€272k▲ 160%
2024 · €105k
2021: €-210k
2022: €-156k
2023: €-26k
2024: €105k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.40M-€1.51M▲ 7.5%€1.68M▲ 11.1%€1.84M▲ 10.1%€2.01M▲ 9.2%
Operating result€91k-€204k▲ 123%€289k▲ 42.0%€284k▼ 1.8%€288k▲ 1.5%
Net result€3k-€105k▲ 3,082%€167k▲ 58.9%€169k▲ 1.2%€170k▲ 0.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.79M
Fixed assets
€6.28M▼ 2.2%
Current assets
€503k▲ 61.3%
Equity and liabilities €6.79M
Equity
€2.01M▲ 9.2%
Debt
€4.77M▼ 2.5%
The debt ratio falls from 72.6% to 70.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€436k▲
2024 · €430k
Cash flow
€317k▲
2024 · €315k
Solvency
29.7%▲
2024 · 27.4%
Current ratio
2.18▲
2024 · 1.51
Quick ratio
2.18▲
2024 · 1.51
Debt / equity
2.37▼
2024 · 2.65
ROE
8.4%▼
2024 · 9.2%
ROA
2.5%▼
2024 · 2.5%
Interest coverage
6.81▲
2024 · 6.50
Debt
€4.77M▼
2024 · €4.89M
Debt ≤ 1 year
€231k▲
2024 · €207k
Debt > 1 year
€4.49M▼
2024 · €4.68M
Income taxes
€57k▲
2024 · €56k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.74M€6.79M▲
Fixed assets21/28€6.43M€6.28M▼
Tangible fixed assets22/27€6.43M€6.28M▼
Land and buildings22€6.43M€6.28M▼
Financial fixed assets28-€4k
Current assets29/58€312k€503k▲
Amounts receivable within one year40/41€0€46k▲
Trade receivables40-€46k
Other amounts receivable41€0-
Current investments50/53-€350k
Cash at bank and in hand54/58€312k€105k▼
Deferred charges and accrued income490/1€480€3k▲
Equity and liabilities
Total equity and liabilities10/49€6.74M€6.79M▲
Equity10/15€1.84M€2.01M▲
Contributions10/11€1.40M€1.40M=
Capital10€1.40M€1.40M=
Issued capital100€1.40M€1.40M=
Reserves13€445k€614k▲
Non-distributable reserves130/1€140k€140k=
Legal reserve130€140k€140k=
Distributable reserves133€305k€474k▲
Amounts payable17/49€4.89M€4.77M▼
Amounts payable after more than one year17€4.68M€4.49M▼
Financial debts170/4€4.68M€4.49M▼
Amounts payable within one year42/48€207k€231k▲
Current portion of amounts payable after more than one year42€183k€183k=
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€21k€46k▲
Taxes450/3€21k€46k▲
Accrued charges and deferred income492/3€11k€49k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€146k€147k▲
Other operating charges640/8€41k€43k▲
Gross operating margin9900€471k€478k▲
Operating profit (loss)9901€284k€288k▲
Financial income75/76B€7k€2k▼
Recurring financial income75€7k€2k▼
Financial charges65/66B€66k€64k▼
Recurring financial charges65€66k€64k▼
Profit (loss) for the period before taxes9903€225k€227k▲
Income taxes67/77€56k€57k▲
Profit (loss) for the period9904€169k€170k▲
Profit (loss) for the period to be appropriated9905€169k€170k▲
Appropriation of the result
Profit (loss) to be appropriated9906€169k€170k▲
Transfer to equity691/2€169k€170k▲
To the legal reserve6920€0-
To other reserves6921€169k€170k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2021net €170k ▲0.2%
Net result €170k, the highest in the series.
30-09
Financial
Equity above €2MEq €2.01M ▲9.2%
5 profitable years in a row build equity to €2.01M.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Nazareth-De Pinte · 1 establishment unit since 2020
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.
Axeldreef 1B9810 Nazareth-De PinteGround area
8,620 m²
Building footprint
731 m²
Volume, LiDAR
1,127 m³
2 parcels, Flanders · tallest building 29.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SANITARY OFFICES
since 20202.306.798.471
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0746/00B000 | Flanders | 7,465 m² | 1 · 705 m² | 29.0 m |
| 44048B0426/00G000 | Flanders | 1,155 m² | 1 · 26 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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PROJECT MONTOYER
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IMMO SAM
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ZEX IMMO
BE 0793.218.488
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LAMA-INVEST
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Nieuwpoort · Eq €2.02M
Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 3,625 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-07-2020
Fiscal year end30-09
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.