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Santhea

Active
Non-profit associationfounded 2008active for 18 yearsVinkstraat 36, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0807.643.081
Summary

Santhea has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of -€22,833. Equity is growing by about 4.3% per year across the filed financial years. Its solvency ranks better than 27% of 317 sector peers (NACE 94, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Activities of professional membership organisations
NACE 94120
2nd largest company by total assets in Watermaal-Bosvoorde, Other services sector2 sites
Size
€4.5moperating revenue 2025
Staff
21.7 FTE
Equity
€1.7m
Deficit
-€22,833
Financial health
91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
  • Marc De PaoliDirector
  • Association Hospitalière Sambre et MeuseDirector
Accounts 46 days early5 of 21 deeds read
Why 91raises risk1 of the last 3 lateLiquidity: current ratio 1.64, cash €219,183lowers riskLegal form: non-profit associationSector: Activities of membership organisations (NACE 94)Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 30% of its sector peers (NACE 94, small)
Financial strength · tick = 2024
Average
Solvency 59+1
equity 34.1% of total assets
Liquidity 52-5
short-term debt 16.2% · cash 4.5%
Profitability 67+9
return on assets -0.5%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (510 companies, NACE 94, small)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● unchanged vs 11-2024lowest value 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026highest value 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.64, compared with 2.2 in 2024, above the usual 1.5; short-term debt: 16.2% and cash: 4.5% of total assets), but 65.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 94, small): better than 29% on solvency, 16% on liquidity, 48% on profitability and 27% on growth.

The bankruptcy probability was computed on 15-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Sector: Activities of membership organisations (NACE 94)
KBO
raises risk · 1 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 1.64, cash €219,183
NBB · annual accounts
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€22,833
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
46 days early
2024
82 days late
2023
47 days early
2022
45 days early
2021
3 days early
2020
23 days early
2019
34 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 7 days before the deadline; the sector median (NACE 94) for financial year 2024 is 29 days before the deadline, and 25% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 June (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven months
Where today falls in the filing period
16-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignations & appointments · MiscellaneousPower of attorney
  2. Permanent representatives: Jean-Claude Praet and Fouzya…Appointment: Marc De Paoli (vice-chair…
  3. Appointment: Association Hospitalière Sambre et Meuse…Permanent representatives: Monsieur Stéphane Olivier…

Key points

  • Positive: Result rose in 2025from -€105,726 to -€22,833 ▲ 78.4% View
  • Positive: 2nd largest company by total assets in Watermaal-Bosvoorde, Other services sectorin the Checked rankings No. 2 View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€22,833 View
  • Board changedlatest change 02-09-2026 · 2 in office 1 joined · 1 left View

By topic

Financials

Financial year
2025
Turnover
€33,685
Loss
-€22,833
Solvency
34.1%
Turnover▼ 18.8%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
  • Marc De PaoliDirector
  • Association Hospitalière Sambre et MeuseDirector
Go to Board & ownership

Timeline

Events
24
Since
2010
Next accounts
by 31-07-2027
  1. 15-06-2026Annual accounts filed
  2. 17-02-2026Permanent representatives: Fredericq WATTECAMPS, Caroline DUMONT and…
  3. 21-10-2025Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Non-profit association
Activity
Activities of professional membership organisationsNACE 94120
Founded
17-06-2008
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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