Financials
- Fiscal year
- 2024
- Total assets
- €443,325
- Profit
- €97,404
- Solvency
- 92.6%
Total assets▲ 31.8%
Net result
20182024
SANTORO
ActiveSummary
SANTORO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €410,533 and a net result of €97,404. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 36399 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222NACE 74700
1 site
Size
€443,325total assets 2024
- Equity
- €410,533
- Profit
- €97,404
Structure
Accounts 66 d overdue0 of 1 deed read
Why 66- Figures for FY 2024 (filed 20-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 74 days late; 3 of the last 3 late+ Founded in 1998+ Equity €410,533 (92.6% of total assets)Show the evidence
Checked score
Score 2024
66
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 74% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
100=
equity 92.6% of total assets
Liquidity
53-2
short-term debt 7.4% · cash 2.8%
Profitability
96+19
return on assets 22.0%
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.8%
12-2024: 0.8%● 0.0% vs 11-2024
01-2025: 0.8%▼ -3.4% vs 12-2024
02-2025: 0.8%● 0.0% vs 01-2025
03-2025: 0.8%▼ -0.9% vs 02-2025
04-2025: 0.8%▲ +2.0% vs 03-2025
05-2025: 0.8%▼ -1.0% vs 04-2025
06-2025: 0.8%▼ -0.1% vs 05-2025
07-2025: 0.9%▲ +16.1% vs 06-2025
08-2025: 1.1%▲ +15.7% vs 07-2025
09-2025: 1.2%▲ +10.7% vs 08-2025
10-2025: 1.5%▲ +25.1% vs 09-2025highest value
11-2025: 0.8%▼ -48.9% vs 10-2025
12-2025: 0.8%● 0.0% vs 11-2025
01-2026: 0.7%▼ -3.3% vs 12-2025
02-2026: 0.7%● 0.0% vs 01-2026
03-2026: 0.7%▼ -1.5% vs 02-2026lowest value
04-2026: 0.7%▲ +1.9% vs 03-2026
05-2026: 0.7%▼ -0.4% vs 04-2026
06-2026: 0.7%▼ -0.1% vs 05-2026
07-2026: 0.7%▲ +1.8% vs 06-2026
08-2026: 1.0%▲ +33.1% vs 07-2026
09-2026: 1.1%▲ +10.8% vs 08-2026
10-2026: 1.4%▲ +26.7% vs 09-2026
- Figures for FY 2024 (filed 20-10-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 74 days late; 3 of the last 3 late raises the probability
- Founded in 1998 lowers the probability for this profile
- Equity €410,533 (92.6% of total assets) lowers the probability
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 13.43 against 14.38 in 2023; short-term debt: 7.4% and cash: 2.8% of total assets), and 7.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 90%, liquidity 49%, profitability 82%, growth against the median 75%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
74 d late
2023
91 d late
2022
60 d late
2021
77 d late
2020
26 d late
2018
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 65 days after 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)
- Annual accounts filedfiscal year 2024 · micro…
- Highest result since 2018net €97,404 ▲320%
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 15
- Since
- 2015
- 13-10-2025Annual accounts filed
- 31-12-2024Highest result since 2018
- 30-10-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Installation of electric heating, air conditioning, cooling and…NACE 43222
- Founded
- 06-11-1998
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
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