SANITHERM
ActiveSummary
The computed 12-month bankruptcy probability of SANITHERM is 1.9% (moderate). The 2025 annual accounts show equity of €140k and a net result of €15k. Equity is growing by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 69% of 7453 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
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
Profitability77▲+7
Solvency87▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 3.24 against 2.95 in 2024; short-term debt: 22.6% and cash: 7% of total assets), and 38.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 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 · 5 filingsDeviation from the deadline
2025
28 d late
2024
3 d early
2023
on the day
2022
9 d late
2021
17 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€410k▲ 9.8%
2023 · €373k
2021: €351k
2022: €432k
2023: €373k
2021 → 2024
EBIT margin
6.0%▼ 4.0pp
2023 · 10.0%
2021: 17.7%
2022: 8.8%
2023: 10.0%
2021 → 2024
Net result
€15k▼ 5.8%
2024 · €16k
2021: €46k
2022: €29k
2023: €28k
2024: €16k
2021 → 2025
Working capital
€115k▲ 1.2%
2024 · €114k
2021: €44k
2022: €74k
2023: €97k
2024: €114k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€351k-€432k▲ 22.8%€373k▼ 13.5%€410k▲ 9.8%
Equity€51k-€80k▲ 57.2%€109k▲ 34.9%€125k▲ 14.9%€140k▲ 12.2%
Operating result€62k-€38k▼ 39.1%€37k▼ 1.3%€24k▼ 34.4%€25k▲ 2.1%
Net result€46k-€29k▼ 36.6%€28k▼ 4.2%€16k▼ 42.3%€15k▼ 5.8%
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 €227k
Fixed assets
€61k ▲ 465%
Current assets
€167k ▼ 3.2%
Equity and liabilities €227k
Equity
€140k ▲ 12.2%
Debt
€87k ▲ 49.5%
Debt's share of the balance-sheet total rises from 31.9% to 38.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36k▲
2024 · €31k
Cash flow
€26k▲
2024 · €23k
Current ratio
3.24▲
2024 · 2.95
Debt to equity
0.62▲
2024 · 0.47
ROE
10.9%▼
2024 · 13.0%
ROA
6.7%▼
2024 · 8.8%
Interest coverage
8.04▼
2024 · 10.31
Debt ≤ 1 year
€51k▼
2024 · €58k
Debt > 1 year
€36k
Income taxes
€5k▲
2024 · €5k
Staff costs
€4k▲
2024 · €4k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€183k€227k▲
Fixed assets21/28€11k€61k▲
Tangible fixed assets22/27€11k€61k▲
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€7k€19k▲
Leasing and similar rights25-€40k
Current assets29/58€172k€167k▼
Amounts receivable within one year40/41€152k€136k▼
Trade receivables40€123k€100k▼
Other amounts receivable41€29k€36k▲
Cash at bank and in hand54/58€3k€16k▲
Deferred charges and accrued income490/1€18k€15k▼
Equity and liabilities
Total equity and liabilities10/49€183k€227k▲
Equity10/15€125k€140k▲
Contributions10/11€5k€5k=
Capital10€5k-
Issued capital100€5k-
Reserves13€500€500=
Non-distributable reserves130/1€500€500=
Legal reserve130€500-
Reserves not available under the articles1311-€500
Profit (loss) carried forward14€119k€135k▲
Amounts payable17/49€58k€87k▲
Amounts payable after more than one year17-€36k
Financial debts170/4-€36k
Amounts payable within one year42/48€58k€51k▼
Current portion of amounts payable after more than one year42€3k€12k▲
Trade debts44€50k€34k▼
Suppliers440/4€21k€29k▲
Bills of exchange payable441€29k€5k▼
Taxes, remuneration and social security45€5k€5k=
Taxes450/3€5k€5k=
Income statement
Code20242025
Turnover70€410k-
Goods, raw materials, services and sundry goods60/61€375k-
Remuneration, social security and pensions62€4k€4k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€11k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€36k€42k▲
Operating profit (loss)9901€24k€25k▲
Financial income75/76B-€18
Recurring financial income75-€18
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€21k€21k▼
Income taxes67/77€5k€5k▲
Profit (loss) for the period9904€16k€15k▼
Profit (loss) for the period to be appropriated9905€16k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€119k€135k▲
Profit (loss) brought forward from the previous period14P€103k€119k▲
The notes to these accounts (7 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
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
31-03
Financial
Weakest financial yearnet €15k ▼5.8%
Net result drops to €15k, the lowest in the series.
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Equity above €100kEq €109k ▲34.9%
3 profitable years in a row build equity to €109k.
2022
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 9 days late
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ternat · 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.
Steenvoordestraat 371740 TernatGround area
93 m²
Building footprint
93 m²
Volume, LiDAR
530 m³
Parcel 23086A0632/00S002, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SANITHERM
since 20202.303.248.370
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086A0632/00S002 | Flanders | 93 m² | 1 · 93 m² | 11.0 m · 2 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
FITI-INVEST
BE 0832.546.743
Boechout · Eq €140,000
GE MAINTENANCE
BE 0737.908.494
Manage · Eq €139,999
S-BUILD
BE 0833.379.161
Maasmechelen · Eq €139,993
PICRON CONSTRUCTION
BE 0741.755.238
Aubange · Eq €139,985
DéCORWOOD
BE 0751.595.689
Elsene · Eq €140,116
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 12,762 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-2020
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.