SANITECH
Open bankruptcyA bankruptcy procedure is open for SANITECH according to publications in the Belgian State Gazette; curator: TOM VANDECRUYS.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 24-01-2024, 7 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
7 d early
2022
164 d late
2021
186 d late
2020
30 d late
2019
213 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€-27k
2022 · €23k
2019: €15k
2020: €17k▲ +12.9% vs 2019
2021: €20k▲ +21.2% vs 2020
2022: €23k▲ +12.2% vs 2021highest in 5 years
2023: €-27k▼ -217% vs 2022lowest in 5 years
2019 → 2023
Total assets
€40k▲ 63.6%
2022 · €25k
2019: €17klowest in 5 years
2020: €18k▲ +5.4% vs 2019
2021: €23k▲ +25.7% vs 2020
2022: €25k▲ +7.4% vs 2021
2023: €40k▲ +63.6% vs 2022highest in 5 years
2019 → 2023
Net result
€-56k
2022 · €2k
2019: €2k
2020: €2k▼ -18.3% vs 2019
2021: €4k▲ +84.6% vs 2020highest in 5 years
2022: €2k▼ -29.9% vs 2021
2023: €-56k▼ -2334% vs 2022lowest in 5 years
2019 → 2023
Working capital
€-28k
2022 · €21k
2019: €15k
2020: €17k▲ +12.9% vs 2019
2021: €19k▲ +12.2% vs 2020
2022: €21k▲ +13.2% vs 2021highest in 5 years
2023: €-28k▼ -232% vs 2022lowest in 5 years
2019 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€15k-€17k▲ 12.9%€20k▲ 21.2%€23k▲ 12.2%€-27k
2019: €15k
2020: €17k▲ +12.9% vs 2019
2021: €20k▲ +21.2% vs 2020
2022: €23k▲ +12.2% vs 2021highest in 5 years
2023: €-27k▼ -217% vs 2022lowest in 5 years
Operating result€2k-€576▼ 76.6%€4k▲ 520%€3k▼ 10.1%€-54k
2019: €2k
2020: €576▼ -76.6% vs 2019
2021: €4k▲ +520% vs 2020highest in 5 years
2022: €3k▼ -10.1% vs 2021
2023: €-54k▼ -1786% vs 2022lowest in 5 years
Net result€2k-€2k▼ 18.3%€4k▲ 84.6%€2k▼ 29.9%€-56k
2019: €2k
2020: €2k▼ -18.3% vs 2019
2021: €4k▲ +84.6% vs 2020highest in 5 years
2022: €2k▼ -29.9% vs 2021
2023: €-56k▼ -2334% vs 2022lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €54k after €3k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €40k
Fixed assets
€2k =
Current assets
€39k ▲ 67.7%
Key figures and ratios
Solvency
-66.0%▼
2022 · 92.4%
Current ratio
0.58▼
2022 · 12.39
Debt to equity
-2.52▼
2022 · 0.08
ROA
-137.6%▼
2022 · 10.1%
Debt
€67k▲
2022 · €2k
Debt ≤ 1 year
€67k▲
2022 · €2k
Income taxes
€824▲
2022 · €639
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 · 2023 against 2022 · 36 lines
Balance sheet
Code20222023
Assets
Total assets20/58€25k€40k▲
Fixed assets21/28€2k€2k=
Financial fixed assets28€2k€2k=
Current assets29/58€23k€39k▲
Amounts receivable within one year40/41€22k€29k▲
Trade receivables40€691€3k▲
Other amounts receivable41€21k€26k▲
Cash at bank and in hand54/58€1k€10k▲
Equity and liabilities
Total equity and liabilities10/49€25k€40k▲
Equity10/15€23k€-27k▼
Contributions10/11€13k€19k▲
Reserves13€8k€8k=
Non-distributable reserves130/1€391€391=
Reserves not available under the articles1311€391€391=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€2k€-53k▼
Amounts payable17/49€2k€67k▲
Amounts payable within one year42/48€2k€67k▲
Trade debts44€1k€67k▲
Suppliers440/4€1k€67k▲
Taxes, remuneration and social security45€639-
Taxes450/3€639-
Income statement
Code20222023
Remuneration, social security and pensions62€352-
Other operating charges640/8€420€580▲
Gross operating margin9900€4k€-54k▼
Operating profit (loss)9901€3k€-54k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€89€550▲
Recurring financial charges65€89€550▲
Profit (loss) for the period before taxes9903€3k€-55k▼
Income taxes67/77€639€824▲
Profit (loss) for the period9904€2k€-56k▼
Profit (loss) for the period to be appropriated9905€2k€-56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-53k▼
Profit (loss) brought forward from the previous period14P-€2k
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €352 | - | - |
| Other operating charges640/8 | - | - | €585 | €420 | €580 | ▲ 37.9% |
| Gross operating margin9900 | €3k | €986 | €4k | €4k | €-54k | ▼ 1,445% |
| Operating profit (loss)9901 | €2k | €576 | €4k | €3k | €-54k | ▼ 1,786% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | €687 | €1k | - | €0 | - | - |
| Financial charges65/66B | - | - | €28 | €89 | €550 | ▲ 518% |
| Recurring financial charges65 | €207 | €43 | €28 | €89 | €550 | ▲ 518% |
| Profit (loss) for the period before taxes9903 | €3k | €2k | €4k | €3k | €-55k | ▼ 1,851% |
| Income taxes67/77 | €595 | - | - | €639 | €824 | ▲ 29.0% |
| Profit (loss) for the period9904 | €2k | €2k | €4k | €2k | €-56k | ▼ 2,334% |
| Profit (loss) for the period to be appropriated9905 | €2k | €2k | €4k | €2k | €-56k | ▼ 2,334% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17k | €18k | €23k | €25k | €40k | ▲ 63.6% |
| Fixed assets21/28 | - | - | €2k | €2k | €2k | = |
| Financial fixed assets28 | - | - | €2k | €2k | €2k | = |
| Current assets29/58 | €17k | €18k | €21k | €23k | €39k | ▲ 67.7% |
| Amounts receivable after more than one year29 | - | - | €20k | - | - | - |
| Other amounts receivable291 | - | - | €20k | - | - | - |
| Amounts receivable within one year40/41 | €17k | €18k | €2k | €22k | €29k | ▲ 31.9% |
| Trade receivables40 | - | - | €2k | €691 | €3k | ▲ 365% |
| Other amounts receivable41 | - | - | - | €21k | €26k | ▲ 21.1% |
| Cash at bank and in hand54/58 | €52 | €3 | €47 | €1k | €10k | ▲ 767% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17k | €18k | €23k | €25k | €40k | ▲ 63.6% |
| Equity10/15 | €15k | €17k | €20k | €23k | €-27k | ▼ 217% |
| Contributions10/11 | €13k | €13k | €13k | €13k | €19k | ▲ 48.8% |
| Reserves13 | €2k | €4k | €8k | €8k | €8k | = |
| Non-distributable reserves130/1 | - | - | €214 | €391 | €391 | = |
| Reserves not available under the articles1311 | - | - | €214 | €391 | €391 | = |
| Distributable reserves133 | - | - | €8k | €7k | €7k | = |
| Profit (loss) carried forward14 | - | - | - | €2k | €-53k | ▼ 2,234% |
| Amounts payable17/49 | €2k | €2k | €3k | €2k | €67k | ▲ 3,482% |
| Amounts payable within one year42/48 | €2k | €2k | €3k | €2k | €67k | ▲ 3,482% |
| Trade debts44 | €2k | €917 | €3k | €1k | €67k | ▲ 5,338% |
| Suppliers440/4 | - | - | €3k | €1k | €67k | ▲ 5,338% |
| Taxes, remuneration and social security45 | - | - | - | €639 | - | - |
| Taxes450/3 | - | - | - | €639 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €2k | €4k | €2k | €-56k | ▼ 2,334% |
| Operating cash flow (approximation) | €2k | €2k | €4k | €2k | €-56k | ▼ 2,334% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | €-49 | €44 | €1k | €9k | ▲ 701% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
14-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 07-05-2024
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 164 days late
30-06
Financial
Weakest financial yearnet €-56k
Net result drops to €-56k, the lowest in the series.
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 186 days late
2021
30-06
Financial
Highest result since 2019net €4k ▲84.6%
Operating result €4k, net result €4k, both a record.
02-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 213 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOM VANDECRUYS ROZENDAAL 78, 2440 GEEL- |
07-05-2024 → present |