Equity
-€159,101
Debts exceed assets in financial year 2025.
SANTIL
Lifetime
4 annual accounts with figures on one time axispeak €145,432 (2023)
€30,955▼ 55.2%
lowest -€72,375 (2022)
-€44,628▼ €15,375
peak -€62,375 (2022)
-€159,101▼ €44,628
€593,311▲ 4.8%
peak 5.4 FTE (2023)
-not published
Board1 name since 2021
1 director
Documentsfilings and deeds
02-07-202629 days before the deadline
2025abbreviated format
Gross margin from €69,122 to €30,955Loss of €44,628Equity from -€114,473 to -€159,101Cash from €4,104 to €853
Key points
from the 2025 annual accountsLosses
-€169,101 in four years
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
Turnover
≈ €110,000 estimated
The abbreviated format states no turnover.
Debts
€593,311 137% of the balance sheet
Financial debts 63%Suppliers 28%Taxes and wages 1%Other 9%
€359,399 of the debts are secured on the company's own assets. In 2022 that was €411,467.
Filings
4 annual accounts 1 late
The 2023 accounts came 91 days late. The other three were filed on time.
Position in the sector
-36.6%
Lower solvency than 95% of companies in food products. Sector median 34.9% · 1,085 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,018 companies had the same profile as SANTIL has now. Each dot stands for 16 companies, two years later.
82.8%
were still trading
8.5%
stopped another way
7.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,018 companies, not a prediction for SANTIL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0771405366
Registered office moved from Lapscheure to Sint-Kruis
New registered office: Moerkerkse Steenweg 396, 8310 Sint-Kruis · Previous registered office: Hoogstraat 33, 8340 Lapscheure · Board meeting of 01-10-2021 · Gazette deed
Incorporation
Founding capital of €10,000, 100 shares · Founder: · Appointment: (director) · published on 16-07-2021 · Gazette deed
First establishment
Moerkerkse Steenweg 396, Bruges
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SANTIL Bruges | €434,210 | €30,955 | -36.6% | - |
| MATINAL Auderghem | €393,224 | €38,660 | -53.7% | 3.7 |
| FLEUR DE SUCRE Etterbeek | €687,496 | €35,117 | -27.9% | - |
| Boulangerie Lemineur Flémalle | €331,805 | €18,529 | -25.0% | - |
| Bakkerij Saïd Antwerp | €245,690 | €38,613 | 2.2% | - |
| Le Pain en Soi Anhée | €433,335 | €48,118 | 9.7% | - |
| CROISI D'OR Farciennes | €344,492 | €47,347 | 17.3% | - |
These companies have the same main activity as SANTIL: artisanal bread and fresh pastry making (NACE 10712). They are comparable in size and age: total assets between €246,000 and €687,000, founded between 2017 and 2023.
Official details
Source: KBO- Status
- Active since 14-07-2021Normal situation
- Activity
- Artisanal bread and fresh pastry makingNACE 10712
- Joint committee
- 201Independent retail · annual accounts 2024
- Establishment unit
- 2.319.621.2778310 Bruges, since 14-07-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 14-11-2025
Annual accounts 2025
- €434,210▼ 3.9%
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on SANTIL
SANTIL files the abbreviated format. That format states no turnover. The gross margin fell from €58,637 in 2022 to €30,955 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SANTIL
- What is the company number of SANTIL?
- The company number of SANTIL is 0771.405.366. The VAT number is the same number with BE in front: BE 0771.405.366.
- Where is SANTIL based?
- The registered office is at Moerkerkse Steenweg 396, 8310 Bruges.Company details
- What does SANTIL do?
- According to the KBO register, the main activity is artisanal bread and fresh pastry making (NACE 10712).
- What is the legal form of SANTIL?
- SANTIL is a private limited company (BV).
- When was SANTIL founded?
- SANTIL was founded on 14-07-2021.
- Is SANTIL still active?
- Yes, SANTIL is an active enterprise in the KBO register.
- How many employees does SANTIL have?
- SANTIL had an average of 0.6 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does SANTIL fall under?
- In its 2024 annual accounts, SANTIL states joint committee 201 (Independent retail).
- What is the turnover of SANTIL?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €30,955 and 889 comparable companies of the same size. It probably lies between €59,000 and €220,000. It is a rough estimate.
- Is SANTIL profitable?
- In financial year 2025, SANTIL made a loss of €44,628.
- Where can I find the annual accounts of SANTIL?
- SANTIL filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SANTIL due?
- SANTIL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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