SANSTE
ActiveSummary
The computed 12-month bankruptcy probability of SANSTE is 4.3% (elevated). The 2024 annual accounts show equity of €89,216 and a net result of €4,960. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 77% of 36381 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
An elevated bankruptcy probability caps the score. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-5
Solvency96▼-2
Growth52=
Track record94
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity ample (current ratio 8.82 against 4.72 in 2023; short-term debt: 9.6% and cash: 5.5% of total assets), and 29.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-11-2025, 97 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
97 d late
2023
112 d late
2022
67 d late
2021
102 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 95 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4,960▼ 46.1%
2023 · €9,204
Working capital
€94,187▲ 32.6%
2023 · €71,034
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€9,900-€63,150▲ 538%€9,971▼ 84.2%€23,435▲ 135%
Net result€9,900within the sector's middle half-€62,152within the sector's middle half▲ 528%€9,204within the sector's middle half▼ 85.2%€4,960within the sector's middle half▼ 46.1%
Equity€12,900below the sector's middle half-€75,052within the sector's middle half▲ 482%€84,256within the sector's middle half▲ 12.3%€89,216within the sector's middle half▲ 5.9%
Total assets€195,931within the sector's middle half-€155,220below the sector's middle half▼ 20.8%€114,881below the sector's middle half▼ 26.0%€126,046within the sector's middle half▲ 9.7%
Debt€183,031-€80,168▼ 56.2%€30,625▼ 61.8%€36,830▲ 20.3%
Working capital-€433below the sector's middle half-€127,040within the sector's middle half€71,034within the sector's middle half▼ 44.1%€94,187above the sector's middle half▲ 32.6%
Solvency6.6%below the sector's middle half-48.4%within the sector's middle half▲ 41.8pp73.3%above the sector's middle half▲ 25.0pp70.8%above the sector's middle half▼ 2.6pp
Current ratio1.00below the sector's middle half-6.90above the sector's middle half▲ 5.914.72above the sector's middle half▼ 2.188.82above the sector's middle half▲ 4.10
Return on assets (ROA)5.1%within the sector's middle half-40.0%above the sector's middle half▲ 35.0pp8.0%within the sector's middle half▼ 32.0pp3.9%within the sector's middle half▼ 4.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 135% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €126,046
Fixed assets
€19,821 ▼ 20.0%
Current assets
€106,225 ▲ 17.9%
Equity and liabilities €126,046
Equity
€89,216 ▲ 5.9%
Debt
€36,830 ▲ 20.3%
Debt's share of the balance-sheet total rises from 26.7% to 29.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28,390▲
2023 · €16,638
Cash flow
€9,915▼
2023 · €15,871
Debt to equity
0.41▲
2023 · 0.36
ROE
5.6%▼
2023 · 10.9%
Interest coverage
17.33▼
2023 · 21.70
Debt ≤ 1 year
€12,038▼
2023 · €19,071
Debt > 1 year
€24,792▲
2023 · €11,554
Income taxes
€16,837
Staff costs
€32,453
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,048 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €32,453 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,667 | €6,667 | €6,667 | €4,955 | ▼ 25.7% |
| Other operating charges640/8 | €348 | €727 | €881 | €1,279 | ▲ 45.3% |
| Gross operating margin9900 | €16,914 | €70,543 | €17,518 | €62,123 | ▲ 255% |
| Operating profit (loss)9901 | €9,900 | €63,150 | €9,971 | €23,435 | ▲ 135% |
| Financial charges65/66B | - | €998 | €767 | €1,638 | ▲ 114% |
| Recurring financial charges65 | - | €998 | €767 | €1,638 | ▲ 114% |
| Profit (loss) for the period before taxes9903 | €9,900 | €62,152 | €9,204 | €21,797 | ▲ 137% |
| Income taxes67/77 | - | - | - | €16,837 | - |
| Profit (loss) for the period9904 | €9,900 | €62,152 | €9,204 | €4,960 | ▼ 46.1% |
| Profit (loss) for the period to be appropriated9905 | €9,900 | €62,152 | €9,204 | €4,960 | ▼ 46.1% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €195,931 | €155,220 | €114,881 | €126,046 | ▲ 9.7% |
| Fixed assets21/28 | €13,333 | €6,666 | €24,776 | €19,821 | ▼ 20.0% |
| Tangible fixed assets22/27 | €13,333 | €6,666 | €24,776 | €19,821 | ▼ 20.0% |
| Furniture and vehicles24 | €13,333 | €6,666 | €24,776 | €19,821 | ▼ 20.0% |
| Current assets29/58 | €182,598 | €148,554 | €90,105 | €106,225 | ▲ 17.9% |
| Amounts receivable within one year40/41 | €179,613 | €148,545 | €89,845 | €99,285 | ▲ 10.5% |
| Trade receivables40 | €166,587 | €84,098 | €48,396 | €55,660 | ▲ 15.0% |
| Other amounts receivable41 | €13,025 | €64,446 | €41,450 | €43,624 | ▲ 5.2% |
| Cash at bank and in hand54/58 | €2,985 | €9 | €259 | €6,941 | ▲ 2,578% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €195,931 | €155,220 | €114,881 | €126,046 | ▲ 9.7% |
| Equity10/15 | €12,900 | €75,052 | €84,256 | €89,216 | ▲ 5.9% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Capital10 | €3,000 | €3,000 | €3,000 | - | - |
| Issued capital100 | €3,000 | €3,000 | €3,000 | - | - |
| Outside capital11 | - | - | - | €3,000 | - |
| Other1109/19 | - | - | - | €3,000 | - |
| Profit (loss) carried forward14 | €9,900 | €72,052 | €81,256 | €86,216 | ▲ 6.1% |
| Amounts payable17/49 | €183,031 | €80,168 | €30,625 | €36,830 | ▲ 20.3% |
| Amounts payable after more than one year17 | - | €11,554 | €11,554 | €24,792 | ▲ 115% |
| Financial debts170/4 | - | €11,554 | €11,554 | €24,792 | ▲ 115% |
| Amounts payable within one year42/48 | €183,031 | €21,514 | €19,071 | €12,038 | ▼ 36.9% |
| Current portion of amounts payable after more than one year42 | - | €6,743 | €6,743 | €4,924 | ▼ 27.0% |
| Trade debts44 | €183,031 | €14,771 | €12,328 | €683 | ▼ 94.5% |
| Suppliers440/4 | €183,031 | €14,771 | €12,328 | €683 | ▼ 94.5% |
| Taxes, remuneration and social security45 | - | - | - | €6,431 | - |
| Remuneration and social security454/9 | - | - | - | €6,431 | - |
| Accrued charges and deferred income492/3 | - | €47,100 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,900 | €62,152 | €9,204 | €4,960 | ▼ 46.1% |
| + Depreciation and write-downs630 | €6,667 | €6,667 | €6,667 | €4,955 | ▼ 25.7% |
| Operating cash flow (approximation) | €16,567 | €68,819 | €15,871 | €9,915 | ▼ 37.5% |
| Investment in fixed assets (approximation) | - | €0 | -€24,777 | €0 | ▲ 100% |
| Change in cash | - | -€2,976 | €250 | €6,682 | ▲ 2,571% |
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
2025
05-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 97 days late
2024
31-12
Financial
Weakest financial yearnet €4,960 ▼46.1%
Net result drops to €4,960, the lowest in the series.
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 112 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 67 days late
2022
31-12
Financial
Highest result since 2021net €62,152 ▲528%
Operating result €63,150, net result €62,152, both a record.
31-12
Financial
Liquidity times 7current ratio 6.90
Current ratio from 1.00 to 6.90; short-term debt falls from €183,031 to €21,514.
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 102 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Jette · 1 establishment unit since 2021
Ground area
388 m²
Building footprint
176 m²
Volume, LiDAR
1,552 m³
Parcel 21010B0049/00E006, Brussels · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
SANSTE
since 20212.330.293.059
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21010B0049/00E006 | Brussels | 388 m² | 1 · 176 m² | 11.0 m · 3 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.
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 6,257 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
Founded01-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0762726044
Also
9925:BE0762726044
Registered
10-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.