SANITEC
ActiveSANITEC has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €-43k. Equity is shrinking by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-8
Solvency66=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.62 against 1.64 in 2024; short-term debt: 59.1% and cash: 6.3% of total assets), but 59.1% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.9%
Return on assets
-15.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-43k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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 · 10 filingsDeviation from the deadline
2025
46 d late
2024
30 d late
2023
61 d late
2022
70 d late
2021
219 d late
2020
584 d late
2019
797 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€117k▼ 27.0%
2024 · €160k
2019: €266k
2020: €205k
2021: €186k
2022: €188k
2023: €193k
2024: €160k
2019 → 2025
Total assets
€286k▼ 26.6%
2024 · €389k
2019: €566k
2020: €541k
2021: €514k
2022: €413k
2023: €410k
2024: €389k
2019 → 2025
Net result
€-43k▼ 33.0%
2024 · €-33k
2019: €6k
2020: €-9k
2021: €-19k
2022: €2k
2023: €5k
2024: €-33k
2019 → 2025
Working capital
€104k▼ 27.3%
2024 · €143k
2019: €189k
2020: €115k
2021: €104k
2022: €153k
2023: €163k
2024: €143k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€186k-€188k▲ 0.9%€193k▲ 2.7%€160k▼ 16.9%€117k▼ 27.0%
Operating result€-18k-€3k€7k▲ 150%€-39k€-40k▼ 0.4%
Net result€-19k-€2k€5k▲ 223%€-33k€-43k▼ 33.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €40k in 2025 against €39k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €286k
Fixed assets
€13k▼ 41.4%
Current assets
€273k▼ 25.7%
Equity and liabilities €286k
Equity
€117k▼ 27.0%
Debt
€169k▼ 26.4%
The debt ratio rises from 58.9% to 59.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-31k▼
2024 · €-24k
Cash flow
€-34k▼
2024 · €-17k
Solvency
40.9%▼
2024 · 41.1%
Current ratio
1.62▼
2024 · 1.64
Quick ratio
0.23▼
2024 · 0.54
Debt / equity
1.44▲
2024 · 1.43
ROE
-37.0%▼
2024 · -20.3%
ROA
-15.1%▼
2024 · -8.3%
Interest coverage
-24.13▲
2024 · -156.80
Debt
€169k▼
2024 · €229k
Debt ≤ 1 year
€169k▼
2024 · €224k
Debt > 1 year
€0▼
2024 · €5k
Income taxes
€3k
Staff costs
€0▼
2024 · €939
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€389k€286k▼
Fixed assets21/28€22k€13k▼
Tangible fixed assets22/27€22k€13k▼
Land and buildings22€6k€4k▼
Plant, machinery and equipment23€639€46▼
Furniture and vehicles24€11k€5k▼
Other tangible fixed assets26€5k€4k▼
Current assets29/58€367k€273k▼
Stocks and contracts in progress3€247k€234k▼
Stocks30/36€247k€234k▼
Amounts receivable within one year40/41€109k€20k▼
Trade receivables40€14k€16k▲
Other amounts receivable41€95k€4k▼
Cash at bank and in hand54/58€12k€18k▲
Equity and liabilities
Total equity and liabilities10/49€389k€286k▼
Equity10/15€160k€117k▼
Contributions10/11€87k€89k▲
Capital10€87k-
Issued capital100€100k-
Uncalled capital101€12k-
Reserves13€116k€114k▼
Non-distributable reserves130/1€2k€0▼
Legal reserve130€2k-
Reserves not available under the articles1311-€0
Tax-exempt reserves132€5k€5k=
Distributable reserves133€109k€109k=
Profit (loss) carried forward14€-43k€-86k▼
Amounts payable17/49€229k€169k▼
Amounts payable after more than one year17€5k€0▼
Other amounts payable178/9€5k€0▼
Amounts payable within one year42/48€224k€169k▼
Trade debts44€43k€5k▼
Suppliers440/4€43k€5k▼
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Remuneration and social security454/9-€36
Other amounts payable47/48€177k€159k▼
Income statement
Code20242025
Remuneration, social security and pensions62€939€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€9k▼
Other operating charges640/8€3k€47k▲
Gross operating margin9900€-20k€16k▲
Operating profit (loss)9901€-39k€-40k▼
Financial income75/76B€7k€422▼
Recurring financial income75€7k€422▼
Financial charges65/66B€152€1k▲
Recurring financial charges65€152€1k▲
Profit (loss) for the period before taxes9903€-33k€-40k▼
Income taxes67/77-€3k
Profit (loss) for the period9904€-33k€-43k▼
Profit (loss) for the period to be appropriated9905€-33k€-43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-43k€-86k▼
Profit (loss) brought forward from the previous period14P€-10k€-43k▼
The notes to these accounts (9 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
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 46 days late
2025
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
07-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 219 days late
07-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 584 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 797 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 395 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wichelen · 1 establishment unit since 1999
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.
Elsbrug 19260 WichelenGround area
612 m²
Building footprint
392 m²
Volume, LiDAR
3,175 m³
Parcel 42026B1902/00T000, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SANILEC
since 19992.093.039.670
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42026B1902/00T000 | Flanders | 612 m² | 1 · 392 m² | 9.9 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.
Similar companies · same sector, comparable size
GERT JANSSENS & ZN
BE 0467.980.656
Beveren-Kruibeke-Zwijndrecht · Eq €117k
PLOMBI-CHAUFFAGE
BE 0672.682.825
Braine-l'Alleud · Eq €117k
RIVULUS
BE 0636.884.974
Beerse · Eq €117k
SELIAC
BE 0456.060.940
Sprimont · Eq €117k
Ets MW
BE 0758.594.933
Gembloux · Eq €117k
Of 7,042 companies in sector 43221 we hold annual accounts for 3,471. 3,042 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-10-1999
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
45332
43410Roofing work
45220
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.