SANTON
ActiveSANTON has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €170k and a net result of €63k. Equity is growing by ~24.6% per year across the filed fiscal years. Its solvency ranks better than 27% of 19909 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
94
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency80▼-13
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 1.84 against 2.93 in 2023), but 60.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
30 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€170k▲ 53.0%
2023 · €111k
2018: €17k
2019: €58k
2020: €77k
2021: €75k
2022: €81k
2023: €111k
2018 → 2024
Total assets
€427k▲ 84.9%
2023 · €231k
2018: €103k
2019: €168k
2020: €280k
2021: €231k
2022: €215k
2023: €231k
2018 → 2024
Net result
€63k▲ 111%
2023 · €30k
2018: €4k
2019: €47k
2020: €21k
2021: €-8k
2022: €9k
2023: €30k
2018 → 2024
Working capital
€69k▼ 44.5%
2023 · €125k
2018: €27k
2019: €74k
2020: €87k
2021: €75k
2022: €92k
2023: €125k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€77k-€75k▼ 2.3%€81k▲ 8.3%€111k▲ 36.7%€170k▲ 53.0%
Operating result€31k-€-7k€16k€40k▲ 152%€86k▲ 114%
Net result€21k-€-8k€9k€30k▲ 232%€63k▲ 111%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 114% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €427k
Fixed assets
€274k▲ 570%
Current assets
€152k▼ 19.8%
Equity and liabilities €427k
Equity
€170k▲ 53.0%
Debt
€257k▲ 115%
The debt ratio rises from 51.8% to 60.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€111k▲
2023 · €67k
Cash flow
€88k▲
2023 · €57k
Solvency
39.9%▼
2023 · 48.2%
Current ratio
1.84▼
2023 · 2.93
Quick ratio
1.84▼
2023 · 2.93
Debt / equity
1.51▲
2023 · 1.07
ROE
37.0%▲
2023 · 26.8%
ROA
14.7%▲
2023 · 12.9%
Interest coverage
11.30▼
2023 · 21.83
Debt
€257k▲
2023 · €119k
Debt ≤ 1 year
€83k▲
2023 · €65k
Debt > 1 year
€160k▲
2023 · €27k
Income taxes
€13k▲
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€231k€427k▲
Fixed assets21/28€41k€274k▲
Tangible fixed assets22/27€41k€274k▲
Plant, machinery and equipment23€6k€7k▲
Furniture and vehicles24€35k€16k▼
Other tangible fixed assets26-€251k
Current assets29/58€190k€152k▼
Amounts receivable within one year40/41€38k€25k▼
Trade receivables40€36k€20k▼
Other amounts receivable41€2k€5k▲
Cash at bank and in hand54/58€146k€119k▼
Deferred charges and accrued income490/1€5k€8k▲
Equity and liabilities
Total equity and liabilities10/49€231k€427k▲
Equity10/15€111k€170k▲
Contributions10/11€19k€19k=
Reserves13€93k€151k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€91k€150k▲
Amounts payable17/49€119k€257k▲
Amounts payable after more than one year17€27k€160k▲
Financial debts170/4€27k€160k▲
Amounts payable within one year42/48€65k€83k▲
Current portion of amounts payable after more than one year42€23k€27k▲
Financial debts43-€106
Credit institutions430/8-€106
Trade debts44€12k€26k▲
Suppliers440/4€12k€26k▲
Taxes, remuneration and social security45€5k€5k▲
Taxes450/3€5k€5k▲
Other amounts payable47/48€25k€24k▼
Accrued charges and deferred income492/3€28k€14k▼
Income statement
Code20232024
Non-recurring operating income76A-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€25k▼
Other operating charges640/8€1k€653▼
Gross operating margin9900€69k€111k▲
Operating profit (loss)9901€40k€86k▲
Financial income75/76B€29€104▲
Recurring financial income75€29€104▲
Financial charges65/66B€3k€10k▲
Recurring financial charges65€3k€10k▲
Profit (loss) for the period before taxes9903€37k€76k▲
Income taxes67/77€7k€13k▲
Profit (loss) for the period9904€30k€63k▲
Profit (loss) for the period to be appropriated9905€30k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€63k▲
Profit (loss) brought forward from the previous period14P€-2k-
Transfer from equity791/2-€4k
Transfer to equity691/2€28k€63k▲
To other reserves6921€28k€63k▲
Profit to be distributed694/7-€4k
Return on contributions (dividend)694-€4k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Highest result since 2018net €63k ▲111%
Operating result €86k, net result €63k, both a record.
31-12
Financial
Equity above €150kEq €170k ▲53%
3 profitable years in a row build equity to €170k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €100kEq €111k ▲36.7%
2 profitable years in a row build equity to €111k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-8k ▼139%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Antwerpen · 3 establishment units since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vorstermanstraat 6a2000 AntwerpenGround area
4,753 m²
Building footprint
2,661 m²
Volume, LiDAR
30,155 m³
3 parcels, Flanders · tallest building 27.2 m, ±6 floors. Linked by address, not a title deed.
3 establishment units
SPIRIT Antwerp
since 20172.271.204.421
SPIRIT
since 20192.292.157.807
SPIRIT Antwerp
since 20242.364.898.897
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3656/00G002 | Flanders | 2,918 m² | 1 · 1,001 m² | 18.0 m · 2 fl. |
| 11003B0095/00D000 | Flanders | 1,680 m² | 1 · 1,504 m² | 27.2 m · 6 fl. |
| 11804D1942/00K002 | Flanders | 155 m² | 1 · 155 m² | 16.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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 to 2023 · 2 entries · 1,701 EUR awarded · 1,701 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 192 EUR | 192 EUR |
| 2022 | 1 | 1,509 EUR | 1,509 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,683 companies in sector 86951 we hold annual accounts for 2,135. 1,675 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-04-2017
Fiscal year end31-12
Activities, NACEBEL
86905Human health activities
86951Physiotherapy
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
85510Sports and recreation education
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:sander@spirit-antwerp.be