SANIVIDAK
ActiveSummary
SANIVIDAK has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €779k and a net result of €-44k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 57% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▲+10
Solvency75=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.86 against 2.05 in 2024; short-term debt: 26.7% and cash: 10.9% of total assets), and 49.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
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
50.3%
Return on assets
-2.8%
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
1819202122232425
2018 to 2025 · latest year €-44k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
91 d late
2023
14 d late
2022
61 d late
2021
31 d late
2020
3 d early
2019
7 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€779k▼ 5.3%
2024 · €823k
2018: €822k
2019: €838k▲ +1.9% vs 2018
2020: €882k▲ +5.2% vs 2019
2021: €887k▲ +0.6% vs 2020
2022: €898k▲ +1.2% vs 2021highest in 8 years
2023: €868k▼ -3.4% vs 2022
2024: €823k▼ -5.2% vs 2023
2025: €779k▼ -5.3% vs 2024lowest in 8 years
2018 → 2025
Total assets
€1.55M▼ 5.8%
2024 · €1.64M
2018: €1.85Mhighest in 8 years
2019: €1.83M▼ -1.4% vs 2018
2020: €1.56M▼ -14.8% vs 2019
2021: €1.51M▼ -2.9% vs 2020
2022: €1.48M▼ -2.4% vs 2021lowest in 8 years
2023: €1.57M▲ +6.2% vs 2022
2024: €1.64M▲ +4.7% vs 2023
2025: €1.55M▼ -5.8% vs 2024
2018 → 2025
Net result
€-44k▲ 2.5%
2024 · €-45k
2018: €32k
2019: €15k▼ -51.4% vs 2018
2020: €44k▲ +183% vs 2019highest in 8 years
2021: €6k▼ -87.3% vs 2020
2022: €26k▲ +371% vs 2021
2023: €2k▼ -93.4% vs 2022
2024: €-45k▼ -2726% vs 2023lowest in 8 years
2025: €-44k▲ +2.5% vs 2024
2018 → 2025
Working capital
€767k▲ 25.1%
2024 · €613k
2018: €575klowest in 8 years
2019: €603k▲ +4.9% vs 2018
2020: €662k▲ +9.7% vs 2019
2021: €681k▲ +2.9% vs 2020
2022: €716k▲ +5.1% vs 2021
2023: €701k▼ -2.0% vs 2022
2024: €613k▼ -12.6% vs 2023
2025: €767k▲ +25.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€887k-€898k▲ 1.2%€868k▼ 3.4%€823k▼ 5.2%€779k▼ 5.3%
2021: €887k
2022: €898k▲ +1.2% vs 2021highest in 5 years
2023: €868k▼ -3.4% vs 2022
2024: €823k▼ -5.2% vs 2023
2025: €779k▼ -5.3% vs 2024lowest in 5 years
Operating result€21k-€44k▲ 110%€18k▼ 58.4%€-24k€-25k▼ 4.5%
2021: €21k
2022: €44k▲ +110% vs 2021highest in 5 years
2023: €18k▼ -58.4% vs 2022
2024: €-24k▼ -232% vs 2023
2025: €-25k▼ -4.5% vs 2024lowest in 5 years
Net result€6k-€26k▲ 371%€2k▼ 93.4%€-45k€-44k▲ 2.5%
2021: €6k
2022: €26k▲ +371% vs 2021highest in 5 years
2023: €2k▼ -93.4% vs 2022
2024: €-45k▼ -2726% vs 2023lowest in 5 years
2025: €-44k▲ +2.5% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25k in 2025 against €24k 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 €1.55M
Fixed assets
€367k ▼ 17.1%
Current assets
€1.18M ▼ 1.6%
Equity and liabilities €1.55M
Equity
€779k ▼ 5.3%
Debt
€768k ▼ 6.2%
Debt's share of the balance-sheet total falls from 49.9% to 49.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€57k▲
2024 · €36k
Cash flow
€38k▲
2024 · €15k
Current ratio
2.86▲
2024 · 2.05
Quick ratio
1.72▲
2024 · 1.16
Debt to equity
0.99▼
2024 · 1.00
ROE
-5.6%▼
2024 · -5.5%
ROA
-2.8%▼
2024 · -2.7%
Interest coverage
2.96▲
2024 · 1.72
Debt ≤ 1 year
€413k▼
2024 · €586k
Debt > 1 year
€356k▲
2024 · €212k
Income taxes
€642▼
2024 · €755
Staff costs
€481k▲
2024 · €448k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.64M€1.55M▼
Fixed assets21/28€443k€367k▼
Tangible fixed assets22/27€443k€367k▼
Land and buildings22€124k€118k▼
Plant, machinery and equipment23€44k€22k▼
Furniture and vehicles24€274k€228k▼
Financial fixed assets28€289€289=
Current assets29/58€1.20M€1.18M▼
Amounts receivable after more than one year29€56k€78k▲
Other amounts receivable291€56k€78k▲
Stocks and contracts in progress3€519k€470k▼
Stocks30/36€180k€250k▲
Contracts in progress37€339k€220k▼
Amounts receivable within one year40/41€283k€458k▲
Trade receivables40€220k€419k▲
Other amounts receivable41€63k€39k▼
Cash at bank and in hand54/58€333k€169k▼
Deferred charges and accrued income490/1€8k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.64M€1.55M▼
Equity10/15€823k€779k▼
Contributions10/11€110k€110k=
Reserves13€302k€302k=
Tax-exempt reserves132€48k€48k=
Distributable reserves133€254k€254k=
Profit (loss) carried forward14€411k€367k▼
Amounts payable17/49€819k€768k▼
Amounts payable after more than one year17€212k€356k▲
Financial debts170/4€212k€356k▲
Amounts payable within one year42/48€586k€413k▼
Current portion of amounts payable after more than one year42€48k€41k▼
Financial debts43€188k€3k▼
Credit institutions430/8€188k€3k▼
Trade debts44€215k€244k▲
Suppliers440/4€215k€244k▲
Advances received on contracts in progress46€20k€0▼
Taxes, remuneration and social security45€73k€90k▲
Taxes450/3€8k€0▼
Remuneration and social security454/9€65k€90k▲
Other amounts payable47/48€41k€35k▼
Accrued charges and deferred income492/3€21k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€448k€481k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€82k▲
Other operating charges640/8€11k€13k▲
Gross operating margin9900€495k€550k▲
Operating profit (loss)9901€-24k€-25k▼
Financial income75/76B€739€1k▲
Recurring financial income75€739€1k▲
Financial charges65/66B€21k€19k▼
Recurring financial charges65€21k€19k▼
Profit (loss) for the period before taxes9903€-44k€-43k▲
Income taxes67/77€755€642▼
Profit (loss) for the period9904€-45k€-44k▲
Profit (loss) for the period to be appropriated9905€-45k€-44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€411k€367k▼
Profit (loss) brought forward from the previous period14P€456k€411k▼
Social balance
Average headcount (FTE)90877.57.4▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €413k | €474k | €454k | €448k | €481k | ▲ 7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €77k | €59k | €50k | €60k | €82k | ▲ 37.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-848 | €395 | - | - | - |
| Other operating charges640/8 | €9k | €11k | €9k | €11k | €13k | ▲ 11.6% |
| Gross operating margin9900 | €521k | €588k | €531k | €495k | €550k | ▲ 11.1% |
| Operating profit (loss)9901 | €21k | €44k | €18k | €-24k | €-25k | ▼ 4.5% |
| Financial income75/76B | €2k | €34 | €1k | €739 | €1k | ▲ 86.7% |
| Recurring financial income75 | €2k | €34 | €1k | €739 | €1k | ▲ 86.7% |
| Financial charges65/66B | €10k | €7k | €17k | €21k | €19k | ▼ 7.2% |
| Recurring financial charges65 | €10k | €7k | €17k | €21k | €19k | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €13k | €37k | €3k | €-44k | €-43k | ▲ 2.3% |
| Income taxes67/77 | €7k | €11k | €1k | €755 | €642 | ▼ 15.0% |
| Profit (loss) for the period9904 | €6k | €26k | €2k | €-45k | €-44k | ▲ 2.5% |
| Profit (loss) for the period to be appropriated9905 | €6k | €26k | €2k | €-45k | €-44k | ▲ 2.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.51M | €1.48M | €1.57M | €1.64M | €1.55M | ▼ 5.8% |
| Fixed assets21/28 | €251k | €217k | €245k | €443k | €367k | ▼ 17.1% |
| Tangible fixed assets22/27 | €251k | €216k | €245k | €443k | €367k | ▼ 17.1% |
| Land and buildings22 | €199k | €174k | €149k | €124k | €118k | ▼ 5.2% |
| Plant, machinery and equipment23 | €9k | €16k | €31k | €44k | €22k | ▼ 51.1% |
| Furniture and vehicles24 | €43k | €27k | €64k | €274k | €228k | ▼ 17.0% |
| Financial fixed assets28 | €289 | €289 | €289 | €289 | €289 | = |
| Current assets29/58 | €1.26M | €1.26M | €1.32M | €1.20M | €1.18M | ▼ 1.6% |
| Amounts receivable after more than one year29 | €25k | €46k | €57k | €56k | €78k | ▲ 39.3% |
| Other amounts receivable291 | €25k | €46k | €57k | €56k | €78k | ▲ 39.3% |
| Stocks and contracts in progress3 | €587k | €554k | €575k | €519k | €470k | ▼ 9.3% |
| Stocks30/36 | €153k | €143k | €150k | €180k | €250k | ▲ 39.3% |
| Contracts in progress37 | €434k | €411k | €424k | €339k | €220k | ▼ 35.1% |
| Amounts receivable within one year40/41 | €388k | €380k | €313k | €283k | €458k | ▲ 61.8% |
| Trade receivables40 | €322k | €321k | €269k | €220k | €419k | ▲ 90.2% |
| Other amounts receivable41 | €66k | €59k | €44k | €63k | €39k | ▼ 38.4% |
| Cash at bank and in hand54/58 | €251k | €269k | €370k | €333k | €169k | ▼ 49.2% |
| Deferred charges and accrued income490/1 | €11k | €11k | €9k | €8k | €4k | ▼ 46.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.51M | €1.48M | €1.57M | €1.64M | €1.55M | ▼ 5.8% |
| Equity10/15 | €887k | €898k | €868k | €823k | €779k | ▼ 5.3% |
| Contributions10/11 | €110k | €110k | €110k | €110k | €110k | = |
| Reserves13 | €321k | €332k | €302k | €302k | €302k | = |
| Non-distributable reserves130/1 | €11k | €11k | - | - | - | - |
| Reserves not available under the articles1311 | €11k | €11k | - | - | - | - |
| Tax-exempt reserves132 | €48k | €48k | €48k | €48k | €48k | = |
| Distributable reserves133 | €262k | €273k | €254k | €254k | €254k | = |
| Profit (loss) carried forward14 | €456k | €456k | €456k | €411k | €367k | ▼ 10.7% |
| Amounts payable17/49 | €625k | €578k | €700k | €819k | €768k | ▼ 6.2% |
| Amounts payable after more than one year17 | €29k | €17k | €59k | €212k | €356k | ▲ 67.8% |
| Financial debts170/4 | €29k | €17k | €59k | €212k | €356k | ▲ 67.8% |
| Amounts payable within one year42/48 | €581k | €544k | €622k | €586k | €413k | ▼ 29.5% |
| Current portion of amounts payable after more than one year42 | €54k | €27k | €23k | €48k | €41k | ▼ 14.4% |
| Financial debts43 | €192k | €180k | €193k | €188k | €3k | ▼ 98.7% |
| Credit institutions430/8 | €192k | €180k | €193k | €188k | €3k | ▼ 98.7% |
| Trade debts44 | €233k | €221k | €271k | €215k | €244k | ▲ 13.3% |
| Suppliers440/4 | €233k | €221k | €271k | €215k | €244k | ▲ 13.3% |
| Advances received on contracts in progress46 | - | - | - | €20k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €80k | €75k | €72k | €73k | €90k | ▲ 23.1% |
| Taxes450/3 | €14k | €9k | €9k | €8k | €0 | ▼ 100% |
| Remuneration and social security454/9 | €65k | €67k | €63k | €65k | €90k | ▲ 38.3% |
| Other amounts payable47/48 | €22k | €41k | €63k | €41k | €35k | ▼ 15.6% |
| Accrued charges and deferred income492/3 | €16k | €18k | €19k | €21k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €26k | €2k | €-45k | €-44k | ▲ 2.5% |
| + Depreciation and write-downs630 | €77k | €59k | €50k | €60k | €82k | ▲ 37.0% |
| Operating cash flow (approximation) | €83k | €85k | €52k | €15k | €38k | ▲ 156% |
| Investment in fixed assets (approximation) | - | €-25k | €-78k | €-258k | €-7k | ▲ 97.5% |
| Change in cash | - | €18k | €101k | €-37k | €-164k | ▼ 343% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 91 days late
2024
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 61 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €44k ▲183%
Operating result €76k, net result €44k, both a record.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 7 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial 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
Registered office, Aalter · 1 establishment unit since 2007
Ground area
7,559 m²
Building footprint
357 m²
Volume, LiDAR
1,997 m³
Parcel 44503H0945/00L000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SANIVIDAK
since 20072.169.052.830
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44503H0945/00L000 | Flanders | 7,559 m² | 1 · 357 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 2,894 EUR awarded · 3,314 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 251 EUR | 251 EUR |
| 2024 | 2 | 1,518 EUR | 1,518 EUR |
| 2023 | 1 | 420 EUR | 840 EUR |
| 2022 | 1 | 705 EUR | 705 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Recognised contractor
7 categoriesSANIVIDAK BV27058
Dual-learning approval
5 live approvals · 7 endedBrandertechnicus gas/stookolie duaal (so)
Dakwerker duaal (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Show 7 ended approvals
Dakafdichter (so)
Dakdekker (so)
Dakdekker leien en pannen (so)
Dakdekker leien en pannen (so)
Monteur centrale verwarming (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitair installateur (so)
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 1,901 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-07-1984
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.