Checked.be
Active
BE 0808.846.772Private limited company (pre-2019)
SANTAVER
Kerkstraat 41 ·8400 Oostende, Belgium· 17 yrs active
Sector: Activities of building architects
(71111)
Conclusion
SANTAVER has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €154k and a net result of €-2k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 24% of 11619 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €154k |
| Net result | €-2k |
| Better than sector | 24% |
| Active | 17 yrs |
Financial profile
41
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
28
Profitability
0
Solvency
25
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2008, 17 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
28
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
43
2021
53
2022
30
2023
28
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.24 (< 1.0)
-10
Quick ratio
Quick ratio 0.24 (< 0.6)
-5
Leverage
Debt/equity 3.05 (> 3.0)
-10
Profitability
Negatieve ROE -1%
-10
Interest coverage
Interest coverage 8.1× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Net result: declining trend of ~89.4%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 71, Architectural and engineering activities; technical testing and analysis · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 24.7% | 54.7% | |
| Net result | €-2k | €15k | |
| Equity | €154k | €67k | |
| Gross operating margin | €54k | €40k | |
| Total assets | €624k | €141k |
€44k
+8.2%
21-24
€-2k
+79.6%
21-24
€38k
+24.3%
21-24
€624k
+2.0%
21-24
€154k
-1.2%
21-24
€-320k
-14.5%
21-24
€160
+3.9%
21-24
€470k
+3.1%
21-24
€421k
+10.3%
21-24
€49k
-34.1%
21-24
0.24
-10.6%
21-24
0.24
-10.6%
21-24
24.7%
-3.1%
21-24
3.05
+4.3%
21-24
-1.2%
+79.3%
21-24
-0.3%
+80.0%
21-24
8.10
+91.6%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €44k | €40k | €93k | €100k |
| Net profit | €-2k | €-9k | €36k | €57k |
| Cash flow | €38k | €31k | €67k | €81k |
| Staff costs | - | - | - | - |
| Income taxes | €160 | €154 | €17k | €11k |
| Dividends | - | - | - | - |
| Total assets | €624k | €612k | €634k | €615k |
| Equity | €154k | €156k | €165k | €129k |
| Debt | €470k | €456k | €469k | €486k |
| of which ≤ 1y | €421k | €382k | €371k | €365k |
| of which > 1y | €49k | €74k | €98k | €122k |
| Working capital | €-320k | €-280k | €-238k | €-256k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.24 | 0.27 | 0.36 | 0.30 |
| Quick ratio | 0.24 | 0.27 | 0.36 | 0.30 |
| Working capital ratio | -51.4% | -45.7% | -37.5% | -41.7% |
| Solvency | 24.7% | 25.5% | 26.0% | 21.0% |
| Debt / equity | 3.05 | 2.93 | 2.84 | 3.77 |
| Long-term debt ratio | 0.32 | 0.48 | 0.60 | 0.94 |
| Interest coverage | 8.10 | 4.23 | 10.07 | 11.91 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -0.3% | -1.5% | 5.7% | 9.2% |
| ROE | -1.2% | -5.9% | 21.8% | 44.0% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €624k | €612k | €634k | €615k |
| Fixed assets | 21/28 | €523k | €509k | €501k | €507k |
| Tangible fixed assets | 22/27 | €523k | €509k | €501k | €507k |
| Current assets | 29/58 | €101k | €102k | €133k | €108k |
| Amounts receivable within one year | 40/41 | €90k | €77k | €75k | €49k |
| Cash & bank | 54/58 | €9k | €24k | €56k | €57k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €624k | €612k | €634k | €615k |
| Equity | 10/15 | €154k | €156k | €165k | €129k |
| Contributions / capital | 10/11 | €46k | €46k | €46k | €46k |
| Reserves | 13 | €108k | €110k | €119k | €83k |
| Amounts payable | 17/49 | €470k | €456k | €469k | €486k |
| Amounts payable after one year | 17 | €49k | €74k | €98k | €122k |
| Amounts payable within one year | 42/48 | €421k | €382k | €371k | €365k |
| Trade debts payable within one year | 44 | €5k | €3k | €9k | €8k |
| Income statement | |||||
| Gross operating margin | 9900 | €54k | €51k | €101k | €108k |
| Operating result | 9901 | €4k | €435 | €62k | €76k |
| Financial income | 75 | €8 | - | - | - |
| Financial charges | 65 | €5k | €10k | €9k | €8k |
| Result before taxes | 9903 | €-2k | €-9k | €53k | €67k |
| Income taxes | 67/77 | €160 | €154 | €17k | €11k |
| Net result for the period | 9904 | €-2k | €-9k | €36k | €57k |
| Result to be appropriated | 9905 | €-2k | €-9k | €36k | €57k |
Legal Structure
| NACE primary | Activities of building architects(71111) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 31-12-2008 |
| Status | Active |
| Postal code | 8400 |
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A0794/00K000 | Flanders | 163 m² | 1 · 163 m² | 18.2 m · 4 fl. |
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.
Updates
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-9k ▼126%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Equity above €150kEq €165k ▲27.8%
2 profitable years in a row build equity to €165k.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Activities of building architects71111Real estate appraisal on a fee or contract basis68322Activities of interior architects71112Urban planning and landscape architecture71113Engineering and related technical consultancy, excluding land surveyors71121Land surveying71122
Names & trade names
| Legal nameNL | SANTAVER |
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