SANTIL
ActiveSummary
The computed 12-month bankruptcy probability of SANTIL is 2.8% (moderate). The 2025 annual accounts show negative equity (-€159,101) and a net result of -€44,628. Equity is shrinking by ~30.8% per year across the filed fiscal years. Its solvency ranks better than 8% of 811 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-7
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.33 in 2024; short-term debt: 53% and cash: 0.2% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-36.6%
Return on assets
-10.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€159,101
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 02-07-2026, 29 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
29 d early
2024
1 d early
2023
91 d late
2022
11 d early
← 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 13 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
-€159,101▼ 39.0%
2024 · -€114,473
Total assets
€434,210▼ 3.9%
2024 · €451,785
Net result
-€44,628▼ 52.6%
2024 · -€29,253
Working capital
-€163,412▼ 22.5%
2024 · -€133,394
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
Line2022202320242025
Operating result-€39,149-€7,643€6,548▼ 14.3%€4,459▼ 31.9%
Net result-€72,375below the sector's middle half--€22,846below the sector's middle half▲ 68.4%-€29,253below the sector's middle half▼ 28.0%-€44,628below the sector's middle half▼ 52.6%
Equity-€62,375below the sector's middle half--€85,220below the sector's middle half▼ 36.6%-€114,473below the sector's middle half▼ 34.3%-€159,101below the sector's middle half▼ 39.0%
Total assets€455,911below the sector's middle half-€462,471below the sector's middle half▲ 1.4%€451,785below the sector's middle half▼ 2.3%€434,210within the sector's middle half▼ 3.9%
Debt€518,286-€547,691▲ 5.7%€566,258▲ 3.4%€593,311▲ 4.8%
Working capital-€55,232below the sector's middle half--€136,097below the sector's middle half▼ 146%-€133,394below the sector's middle half▲ 2.0%-€163,412below the sector's middle half▼ 22.5%
Solvency-13.7%below the sector's middle half--18.4%below the sector's middle half▼ 4.7pp-25.3%below the sector's middle half▼ 6.9pp-36.6%below the sector's middle half▼ 11.3pp
Current ratio0.27below the sector's middle half-0.16below the sector's middle half▼ 0.110.33below the sector's middle half▲ 0.170.29below the sector's middle half▼ 0.04
Return on assets (ROA)-15.9%below the sector's middle half--4.9%below the sector's middle half▲ 10.9pp-6.5%below the sector's middle half▼ 1.5pp-10.3%below the sector's middle half▼ 3.8pp
Staff (FTE)1.8below the sector's middle half-5.4within the sector's middle half▲ 200%0.6below the sector's middle half▼ 88.9%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €433,471
Fixed assets
€366,875 ▼ 4.5%
Current assets
€66,596 ▲ 1.5%
Key figures and ratios
EBITDA
€22,998▼
2024 · €25,082
Cash flow
-€26,089▼
2024 · -€10,718
Debt to equity
-3.73▲
2024 · -4.95
Interest coverage
0.53▼
2024 · 0.70
Debt ≤ 1 year
€230,008▲
2024 · €199,026
Debt > 1 year
€363,303▼
2024 · €365,888
Income taxes
€319▲
2024 · €225
Staff costs
€1,942▼
2024 · €4,049
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% over twelve months; the group does not contradict it.
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 6,010 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,113 | - | - | - | - |
| Remuneration, social security and pensions62 | €71,623 | €112,307 | €4,049 | €1,942 | ▼ 52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,481 | €23,053 | €18,534 | €18,539 | = |
| Other operating charges640/8 | €2,682 | €2,429 | €3,837 | €2,014 | ▼ 47.5% |
| Non-recurring operating charges66A | - | - | €36,154 | €4,002 | ▼ 88.9% |
| Gross operating margin9900 | €58,637 | €145,432 | €69,122 | €30,955 | ▼ 55.2% |
| Operating profit (loss)9901 | -€39,149 | €7,643 | €6,548 | €4,459 | ▼ 31.9% |
| Financial income75/76B | €85 | €63 | €162 | €1,931 | ▲ 1,093% |
| Recurring financial income75 | €85 | €63 | €162 | €58 | ▼ 64.2% |
| Non-recurring financial income76B | - | - | - | €1,873 | - |
| Financial charges65/66B | €33,311 | €30,552 | €35,738 | €50,699 | ▲ 41.9% |
| Recurring financial charges65 | €33,311 | €30,552 | €35,738 | €43,034 | ▲ 20.4% |
| Non-recurring financial charges66B | - | - | - | €7,665 | - |
| Profit (loss) for the period before taxes9903 | -€72,375 | -€22,846 | -€29,028 | -€44,309 | ▼ 52.6% |
| Income taxes67/77 | - | - | €225 | €319 | ▲ 41.7% |
| Profit (loss) for the period9904 | -€72,375 | -€22,846 | -€29,253 | -€44,628 | ▼ 52.6% |
| Profit (loss) for the period to be appropriated9905 | -€72,375 | -€22,846 | -€29,253 | -€44,628 | ▼ 52.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €455,911 | €462,471 | €451,785 | €434,210 | ▼ 3.9% |
| Formation expenses20 | €3,948 | €2,878 | €1,809 | €739 | ▼ 59.1% |
| Fixed assets21/28 | €431,268 | €433,330 | €384,345 | €366,875 | ▼ 4.5% |
| Intangible fixed assets21 | €74,032 | €65,532 | €57,032 | €48,532 | ▼ 14.9% |
| Tangible fixed assets22/27 | €357,237 | €366,548 | €327,313 | €318,344 | ▼ 2.7% |
| Land and buildings22 | €330,413 | €325,768 | €321,490 | €314,123 | ▼ 2.3% |
| Plant, machinery and equipment23 | €21,031 | €35,577 | €5,823 | €4,221 | ▼ 27.5% |
| Furniture and vehicles24 | €5,792 | €5,203 | - | - | - |
| Financial fixed assets28 | - | €1,250 | - | - | - |
| Current assets29/58 | €20,695 | €26,263 | €65,632 | €66,596 | ▲ 1.5% |
| Stocks and contracts in progress3 | €4,081 | €2,695 | - | - | - |
| Stocks30/36 | €4,081 | €2,695 | - | - | - |
| Amounts receivable within one year40/41 | €5,413 | €14,481 | €61,265 | €65,496 | ▲ 6.9% |
| Trade receivables40 | €5,321 | €14,380 | €61,265 | €64,919 | ▲ 6.0% |
| Other amounts receivable41 | €92 | €101 | - | €577 | - |
| Cash at bank and in hand54/58 | €9,586 | €8,445 | €4,104 | €853 | ▼ 79.2% |
| Deferred charges and accrued income490/1 | €1,616 | €642 | €263 | €246 | ▼ 6.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €455,911 | €462,471 | €451,785 | €434,210 | ▼ 3.9% |
| Equity10/15 | -€62,375 | -€85,220 | -€114,473 | -€159,101 | ▼ 39.0% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€72,375 | -€95,220 | -€124,473 | -€169,101 | ▼ 35.9% |
| Amounts payable17/49 | €518,286 | €547,691 | €566,258 | €593,311 | ▲ 4.8% |
| Amounts payable after more than one year17 | €440,620 | €383,646 | €365,888 | €363,303 | ▼ 0.7% |
| Financial debts170/4 | €440,620 | €383,646 | €365,888 | €363,303 | ▼ 0.7% |
| Amounts payable within one year42/48 | €75,927 | €162,360 | €199,026 | €230,008 | ▲ 15.6% |
| Current portion of amounts payable after more than one year42 | €19,228 | €59,973 | €52,758 | €47,130 | ▼ 10.7% |
| Financial debts43 | €1,220 | €986 | €4,782 | €10,585 | ▲ 121% |
| Credit institutions430/8 | €1,220 | €986 | €4,782 | €10,585 | ▲ 121% |
| Trade debts44 | €41,765 | €79,890 | €101,714 | €164,101 | ▲ 61.3% |
| Suppliers440/4 | €41,765 | €79,890 | €101,714 | €164,101 | ▲ 61.3% |
| Advances received on contracts in progress46 | €270 | - | €26,130 | - | - |
| Taxes, remuneration and social security45 | €8,411 | €8,319 | €4,050 | €3,592 | ▼ 11.3% |
| Taxes450/3 | €312 | €807 | €4,050 | €3,592 | ▼ 11.3% |
| Remuneration and social security454/9 | €8,100 | €7,512 | - | - | - |
| Other amounts payable47/48 | €5,032 | €13,193 | €9,593 | €4,599 | ▼ 52.1% |
| Accrued charges and deferred income492/3 | €1,739 | €1,685 | €1,344 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€72,375 | -€22,846 | -€29,253 | -€44,628 | ▼ 52.6% |
| + Depreciation and write-downs630 | €23,481 | €23,053 | €18,534 | €18,539 | = |
| Operating cash flow (approximation) | -€48,894 | €207 | -€10,718 | -€26,089 | ▼ 143% |
| Investment in fixed assets (approximation) | - | -€25,115 | €30,451 | -€1,070 | ▼ 104% |
| Change in cash | - | -€1,141 | -€4,341 | -€3,251 | ▲ 25.1% |
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
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 91 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
NBB filing
0 of 2 acts read
About the unread acts
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are 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, Brugge · 1 establishment unit since 2021
Ground area
356 m²
Building footprint
225 m²
Volume, LiDAR
1,104 m³
Parcel 31029C0192/00L006, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SANTIL
since 20212.319.621.277
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31029C0192/00L006 | Flanders | 356 m² | 1 · 225 m² | 9.9 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Similar companies · same sector and region
'T ATELIER
BE 0722.671.279
Brugge
DE BROODKEUKEN
BE 0808.547.359
Brugge
De Essentie
BE 1003.733.036
Brugge
Huyze Raes
BE 0824.547.015
Brugge
't PICCOLOOTJE
BE 0467.115.871
Kortrijk
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 4,230 companies in sector 10712 we hold annual accounts for 1,875. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
E-invoicing
Reachable via Peppol
Peppol ID
0208:0771405366
Registered
14-11-2025
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.