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SANTORO

Active
Private limited companyfounded 199827 years activeOudergemlaan 226, 1040 Etterbeek, BelgiumKBO/BCE: BE 0464.523.991
Summary

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 36,396 sector peers (NACE 43, 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 43222
1 site
Size
€443,325total assets 2024
Equity
€410,533
Profit
€97,404
Financial health
66 Healthy Checked score 2024
Bankruptcy probability, 12 months
1.4%
Structure
Accounts 68 days 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%
Financially better than 74% of its sector peers (NACE 43, micro)
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).

Sector median 0.7% (47,513 companies)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.9%▲ +0.1 percentage points vs 06-2025 08-2025: 1.1%▲ +0.2 percentage points vs 07-2025 09-2025: 1.2%▲ +0.1 percentage points vs 08-2025 10-2025: 1.5%▲ +0.3 percentage points vs 09-2025highest value 11-2025: 0.8%▼ -0.7 percentage points vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.7%▼ -0.1 percentage points vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026lowest value 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 1.0%▲ +0.3 percentage points vs 07-2026 09-2026: 1.1%▲ +0.1 percentage points vs 08-2026 10-2026: 1.4%▲ +0.3 percentage points vs 09-2026
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 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 43, micro): better than 90% on solvency, 49% on liquidity, 82% on profitability and 75% on growth.

The bankruptcy probability was computed on 06-10-2026 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

Five signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 20-10-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 74 days late; 3 of the last 3 late
NBB · filings
lowers risk · Founded in 1998
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Equity €410,533 (92.6% of total assets)
NBB · annual accounts
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 filings
Deviation from the deadline
2025
not confirmed
2024
74 days late
2023
91 days late
2022
60 days late
2021
77 days late
2020
26 days late
2018
61 days 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 43% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Highest result since 2018net €97,404 ▲320%
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Positive: Result rose in 2024from €23,219 to €97,404 ▲ 320% View
  • Positive: Among the best 5% on solvencysector median 46.6% · 36,396 companies 92.6% View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Positive: 6 profitable years in a rowprofit 2024: €97,404 6 years View

By topic

Financials

Fiscal year
2024
Total assets
€443,325
Profit
€97,404
Solvency
92.6%
Total assets▲ 31.8%
Net result
20182024
Go to Financials

Timeline

Events
15
Since
2015
  1. 31-12-2023Liquidity triples
  2. 29-09-2023Annual accounts filed
  3. 16-10-2022Annual accounts filed
Go to Timeline

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 to Company details

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