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Santech

Active
Private limited companyfounded 20232 yrs activeNachtegaallaan 21, 2660 Antwerpen, BelgiumKBO/BCE: BE 1001.697.224
Summary

The computed 12-month bankruptcy probability of Santech is 2.6% (moderate). The 2024 annual accounts show equity of €32,972 and a net result of €29,972. Its solvency ranks better than 76% of 36377 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability100
Solvency95
Growth-
Track record67
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.51; short-term debt: 30% and cash: 51.1% of total assets), and 30% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
43 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 43 days before 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 27 October 2023, Santech was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€32,972
Total assets
€47,090
Net result
€29,972
Working capital
€21,334

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €47,090
Fixed assets €11,638
Current assets €35,452
Equity and liabilities €47,090
Equity €32,972
Debt €14,119
Debt finances 30.0% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€43,693
Cash flow
€33,122
Current ratio
2.51
Quick ratio
2.30
Debt to equity
0.43
ROE
90.9%
ROA
63.6%
Interest coverage
15.06
Debt ≤ 1 year
€14,119
Income taxes
€7,670

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 39,275 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
Filed annual accounts As filed with the NBB · 2024 · 37 lines
Balance sheet Code2024
Assets
Total assets20/58€47,090
Fixed assets21/28€11,638
Tangible fixed assets22/27€11,638
Plant, machinery and equipment23€5,132
Furniture and vehicles24€6,505
Current assets29/58€35,452
Amounts receivable after more than one year29€4,000
Trade receivables290€4,000
Stocks and contracts in progress3€2,995
Stocks30/36€2,995
Amounts receivable within one year40/41€4,280
Trade receivables40€2,881
Other amounts receivable41€1,399
Cash at bank and in hand54/58€24,047
Deferred charges and accrued income490/1€130
Equity and liabilities
Total equity and liabilities10/49€47,090
Equity10/15€32,972
Contributions10/11€3,000
Profit (loss) carried forward14€29,972
Amounts payable17/49€14,119
Amounts payable within one year42/48€14,119
Trade debts44€4,148
Suppliers440/4€4,148
Taxes, remuneration and social security45€7,670
Taxes450/3€7,670
Other amounts payable47/48€2,300
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,150
Other operating charges640/8€854
Gross operating margin9900€44,547
Operating profit (loss)9901€40,543
Financial charges65/66B€2,901
Recurring financial charges65€2,901
Profit (loss) for the period before taxes9903€37,642
Income taxes67/77€7,670
Profit (loss) for the period9904€29,972
Profit (loss) for the period to be appropriated9905€29,972
Appropriation of the result
Profit (loss) to be appropriated9906€29,972

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,150
Other operating charges640/8€854
Gross operating margin9900€44,547
Operating profit (loss)9901€40,543
Financial charges65/66B€2,901
Recurring financial charges65€2,901
Profit (loss) for the period before taxes9903€37,642
Income taxes67/77€7,670
Profit (loss) for the period9904€29,972
Profit (loss) for the period to be appropriated9905€29,972
Line2024
Assets
Total assets20/58€47,090
Fixed assets21/28€11,638
Tangible fixed assets22/27€11,638
Plant, machinery and equipment23€5,132
Furniture and vehicles24€6,505
Current assets29/58€35,452
Amounts receivable after more than one year29€4,000
Trade receivables290€4,000
Stocks and contracts in progress3€2,995
Stocks30/36€2,995
Amounts receivable within one year40/41€4,280
Trade receivables40€2,881
Other amounts receivable41€1,399
Cash at bank and in hand54/58€24,047
Deferred charges and accrued income490/1€130
Equity and liabilities
Total equity and liabilities10/49€47,090
Equity10/15€32,972
Contributions10/11€3,000
Profit (loss) carried forward14€29,972
Amounts payable17/49€14,119
Amounts payable within one year42/48€14,119
Trade debts44€4,148
Suppliers440/4€4,148
Taxes, remuneration and social security45€7,670
Taxes450/3€7,670
Other amounts payable47/48€2,300
Line2024
Profit (loss) for the period9904€29,972
+ Depreciation and write-downs630€3,150
Operating cash flow (approximation)€33,122

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
18-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Antwerpen · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
209 m²
Building footprint
81 m²
Volume, LiDAR
620 m³
Parcel 11383B0612/00M000, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Santech
Nachtegaallaan 21, 2660 AntwerpenRepair, maintenance and installation of machinery and equipment
since 20232.351.601.583
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11383B0612/00M000 Flanders 209 m² 1 · 81 m² 9.8 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.

Similar companies · same sector, comparable size

Of 7,043 companies in sector 43221 we hold annual accounts for 3,473. 2,789 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
Founded27-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
46836Wholesale trade
47120Other non-specialised retail sale
74301Translation services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1001697224
Registered 27-03-2026

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.