Equity
€3.2m ▲ 6.0%
SANITECHNIEK has made a profit without a break since 2020.
SANITECHNIEK
Lifetime
18 annual accounts with figures on one time axis, 41 filings since 1985peak €2.7m (2017)
-not published
lowest -€853,616 (2019)
€182,831▲ 103%
peak €3.2m (2025)
€3.2m▲ 6.0%
€6.4m▲ 7.8%
peak 62.3 FTE (2023)
54.8 FTE▼ 4.7%
Board8 names since 2017
5 directorsJohan Willemen and 4 others
Owners4 names in the annual accounts
54%CASSIOPEIA and 2 others
Documentsfilings and deeds
08-07-202623 days before the deadline
2025financial year
Result from €90,214 to €182,831Permanent representatives: Marc Jonckheere, Django Liénart an… 26-02
Key points
from the 2025 annual accountsResult
€182,831 ▲ 103%
The result rose in 2025 from €90,214 to €182,831.
Staff
58 employees on 31-12-2025
In 2025, 9 people joined and 10 left. On top of that, 0.1 agency workers worked there on average.
Payment terms
107 days to suppliers
SANITECHNIEK pays its suppliers 45 days later than in 2024. Customers pay 14 days later.
Filings
41 annual accounts since 1985
Two of the last ten came late. The 2017 accounts came latest: 29 days after the end of the period.
Position in the sector
€3.2m
More equity than 86% of companies in specialised construction. Sector median €459,115 · 2,454 companies.
Checked score
82
Excellent
Financially stronger than 35% of medium-sized companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 241 companies (NACE 43, medium-sized).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.4%▼ -0.1 percentage points vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.5%▲ +0.1 percentage points vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026highest value
08-2026: 0.4%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.38, cash €430,090
Sector: Specialised construction activities (NACE 43)
Size: turnover €21.4m, 54.8 FTE, total assets €9.7m
lowers risk
Founded in 1984
Calculation
The band follows from the bankruptcy probability. 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 43, medium-sized). It does better than 50% of them on solvency, 21% on liquidity, 34% on profitability and 36% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as SANITECHNIEK has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of SANITECHNIEK itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for SANITECHNIEK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €260,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.38 (1.38 in 2024), below the usual 1.5. Short-term debt is 66.5% and cash 4.4% of total assets. 66.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 days early
2024
38 days early
2023
30 days early
2022
24 days early
2021
33 days early
2020
58 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
JW
Johan Willemen
Director, since 30-06-2023
- CASSIOPEIA 54%score 91equity €30.9m (2025) · annual accounts 2025
- Willemen Groep NV consolidatesscore 63equity €33.4m (2025) · annual accounts 2017
- ANDROMEDA 45%score 81equity €11.4m (2025) · annual accounts 2025
Recent changes
Reappointment: EY Bedrijfsrevisoren (statutory auditor)
General meeting of 13-06-2025 · Gazette deed
Permanent representatives: Marc Jonckheere, Django Liénart and Nathalie Strynckx
Board meeting of 13-01-2025 · Gazette deed
Amendment of the articles
Gazette deed
3 directors appointed, 3 resignations
Change of role: Johan Willemen, from managing director to director · Resignations: Tom Willemen, Katleen Willemen and Bram Willemen · Appointments: Tom Willemen (managing director), MaNaJo Beheer CommV (managing director) and Sidharta Consulting bv · General meeting of 30-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SANITECHNIEK Sint-Katelijne-Waver | €21.4m | 1.7% | 33.5% | 54.8 |
| Koel- en Verwarmingstechniek Lier | €12.2m | 10.8% | 75.2% | 64.6 |
| HOOYBERGHS HVAC Turnhout | €18.5m | 6.3% | 14.0% | 38.8 |
| OMER DELOOF Aalter | €17.4m | 9.8% | 78.5% | 44.8 |
| Artes Uptech Oudenburg | €19.8m | -1.4% | 31.1% | 46.7 |
| Gezel Buggenhout | €23.9m | 4.9% | 54.2% | 76.3 |
| STOKJES Tessenderlo-Ham | €12.6m | 2.9% | 15.5% | 60.9 |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SANITECHNIEK: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €8.1m and €11m, founded between 1979 and 1993.
Official details
Source: KBO- Status
- Active since 24-10-1984Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 1 other
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.025.849.5522860 Sint-Katelijne-Waver, since 01-01-1985
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €9.7m▲ 7.2%
- Employeeson 31-12-2025
- 58▼ 1.7%
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Insights on SANITECHNIEK
SANITECHNIEK has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.2m and a net result of €182,831.
Equity has been growing by about 2.6% per year since 2018. Its solvency ranks better than 37% of 2,454 sector peers (NACE 43, financial year 2025).
The computed 12-month bankruptcy probability is 0.4% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SANITECHNIEK
- What is the company number of SANITECHNIEK?
- The company number of SANITECHNIEK is 0426.444.365. The VAT number is the same number with BE in front: BE 0426.444.365.
- Where is SANITECHNIEK based?
- The registered office is at Drevendaal 30, 2860 Sint-Katelijne-Waver.Company details
- What does SANITECHNIEK do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of SANITECHNIEK?
- SANITECHNIEK is a public limited company (NV).
- When was SANITECHNIEK founded?
- SANITECHNIEK was founded on 24-10-1984.
- Is SANITECHNIEK still active?
- Yes, SANITECHNIEK is an active enterprise in the KBO register.
- How many employees does SANITECHNIEK have?
- SANITECHNIEK had an average of 54.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SANITECHNIEK fall under?
- In its 2025 annual accounts, SANITECHNIEK states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of SANITECHNIEK?
- The turnover of SANITECHNIEK was €21.4m in financial year 2025, according to the filed annual accounts.
- Is SANITECHNIEK profitable?
- In financial year 2025, SANITECHNIEK made a profit of €182,831.
- Where can I find the annual accounts of SANITECHNIEK?
- SANITECHNIEK filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SANITECHNIEK due?
- SANITECHNIEK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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