Santos
ActiveSummary
Santos has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€8,269) and a net result of €15,504. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 9% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 0.41 in 2024; short-term debt: 132.9% and cash: 55.4% of total assets), and equity is negative.
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Signals
Five 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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
-34.6%
Return on assets
64.8%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7814 sector peers (2025).
NBB · sector comparisonPosition among 7814 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
4 d early
2023
58 d early
2022
16 d late
2021
7 d late
2020
3 d early
2019
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€8,269▲ 65.2%
2024 · -€23,773
Total assets
€23,916▲ 16.9%
2024 · €20,461
Net result
€15,504▲ 55.3%
2024 · €9,986
Working capital
-€13,126▲ 49.1%
2024 · -€25,802
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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
Line20212022202320242025
Operating result€1,769€21,950▲ 1,140%€23,703▲ 8.0%€10,025▼ 57.7%€15,585▲ 55.5%
Net result€1,739within the sector's middle half€21,889within the sector's middle half▲ 1,159%€23,443within the sector's middle half▲ 7.1%€9,986within the sector's middle half▼ 57.4%€15,504within the sector's middle half▲ 55.3%
Equity-€79,090below the sector's middle half▲ 2.2%-€57,202below the sector's middle half▲ 27.7%-€33,759below the sector's middle half▲ 41.0%-€23,773below the sector's middle half▲ 29.6%-€8,269below the sector's middle half▲ 65.2%
Total assets€61,438within the sector's middle half▼ 8.7%€85,823within the sector's middle half▲ 39.7%€38,225below the sector's middle half▼ 55.5%€20,461below the sector's middle half▼ 46.5%€23,916below the sector's middle half▲ 16.9%
Debt€140,529▼ 1.3%€143,025▲ 1.8%€71,983▼ 49.7%€44,234▼ 38.5%€32,185▼ 27.2%
Working capital-€109,411▲ 9.4%-€79,206▲ 27.6%-€44,980▲ 43.2%-€25,802▲ 42.6%-€13,126▲ 49.1%
Solvency-128.7%below the sector's middle half▼ 8.6pp-66.7%below the sector's middle half▲ 62.1pp-88.3%below the sector's middle half▼ 21.7pp-116.2%below the sector's middle half▼ 27.9pp-34.6%below the sector's middle half▲ 81.6pp
Staff (FTE)0.3▼ 76.9%2.6▲ 767%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 55% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23,916
Fixed assets
€5,257 ▲ 118%
Current assets
€18,659 ▲ 3.4%
Key figures and ratios
EBITDA
€16,214▼
2024 · €19,180
Cash flow
€16,134▼
2024 · €19,141
Current ratio
0.59▲
2024 · 0.41
Debt to equity
-3.89▼
2024 · -1.86
ROA
64.8%▲
2024 · 48.8%
Interest coverage
200.82▼
2024 · 331.21
Debt ≤ 1 year
€31,785▼
2024 · €43,850
Staff costs
€0▼
2024 · €91
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,640 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6,631 | €2,529 | €91 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,666 | €10,666 | €10,783 | €9,156 | €629 | ▼ 93.1% |
| Other operating charges640/8 | - | €550 | €2,056 | €1,813 | €3,052 | ▲ 68.3% |
| Gross operating margin9900 | €15,964 | €39,796 | €39,071 | €21,085 | €19,266 | ▼ 8.6% |
| Operating profit (loss)9901 | €1,769 | €21,950 | €23,703 | €10,025 | €15,585 | ▲ 55.5% |
| Financial income75/76B | - | €23 | €25 | €19 | €0 | ▼ 100% |
| Recurring financial income75 | €1 | €23 | €25 | €19 | €0 | ▼ 100% |
| Financial charges65/66B | - | €84 | €285 | €58 | €81 | ▲ 39.4% |
| Recurring financial charges65 | €31 | €84 | €285 | €58 | €81 | ▲ 39.4% |
| Profit (loss) for the period before taxes9903 | €1,739 | €21,889 | €23,443 | €9,986 | €15,504 | ▲ 55.3% |
| Profit (loss) for the period9904 | €1,739 | €21,889 | €23,443 | €9,986 | €15,504 | ▲ 55.3% |
| Profit (loss) for the period to be appropriated9905 | €1,739 | €21,889 | €23,443 | €9,986 | €15,504 | ▲ 55.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €61,438 | €85,823 | €38,225 | €20,461 | €23,916 | ▲ 16.9% |
| Fixed assets21/28 | €30,669 | €22,352 | €11,569 | €2,413 | €5,257 | ▲ 118% |
| Tangible fixed assets22/27 | €30,669 | €22,352 | €11,569 | €2,413 | €5,257 | ▲ 118% |
| Land and buildings22 | - | €16,946 | €8,473 | €0 | - | - |
| Plant, machinery and equipment23 | - | €5,406 | €3,096 | €2,413 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | - | €5,257 | - |
| Current assets29/58 | €30,770 | €63,471 | €26,656 | €18,048 | €18,659 | ▲ 3.4% |
| Stocks and contracts in progress3 | €10,045 | €3,239 | €3,071 | €0 | - | - |
| Stocks30/36 | - | €3,239 | €3,071 | €0 | - | - |
| Amounts receivable within one year40/41 | €6,756 | €2,656 | €0 | €6 | €5,417 | ▲ 95,100% |
| Trade receivables40 | - | €2,656 | €0 | - | €5,417 | - |
| Other amounts receivable41 | - | €0 | - | €6 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €13,969 | €57,190 | €23,104 | €17,783 | €13,242 | ▼ 25.5% |
| Deferred charges and accrued income490/1 | - | €386 | €480 | €259 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €61,438 | €85,823 | €38,225 | €20,461 | €23,916 | ▲ 16.9% |
| Equity10/15 | -€79,090 | -€57,202 | -€33,759 | -€23,773 | -€8,269 | ▲ 65.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€97,690 | -€75,802 | -€52,359 | -€42,373 | -€26,869 | ▲ 36.6% |
| Amounts payable17/49 | €140,529 | €143,025 | €71,983 | €44,234 | €32,185 | ▼ 27.2% |
| Amounts payable within one year42/48 | €140,181 | €142,678 | €71,636 | €43,850 | €31,785 | ▼ 27.5% |
| Trade debts44 | €5,824 | €5,223 | €3,384 | €1,866 | €78 | ▼ 95.8% |
| Suppliers440/4 | - | €5,223 | €3,384 | €1,866 | €78 | ▼ 95.8% |
| Taxes, remuneration and social security45 | - | €5,253 | €4,422 | €2,418 | €2,569 | ▲ 6.2% |
| Taxes450/3 | - | €4,961 | €4,422 | €2,418 | €2,569 | ▲ 6.2% |
| Remuneration and social security454/9 | - | €292 | €0 | - | - | - |
| Other amounts payable47/48 | - | €132,202 | €63,830 | €39,566 | €29,138 | ▼ 26.4% |
| Accrued charges and deferred income492/3 | - | €348 | €348 | €384 | €400 | ▲ 4.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,739 | €21,889 | €23,443 | €9,986 | €15,504 | ▲ 55.3% |
| + Depreciation and write-downs630 | €10,666 | €10,666 | €10,783 | €9,156 | €629 | ▼ 93.1% |
| Operating cash flow (approximation) | €12,405 | €32,555 | €34,226 | €19,141 | €16,134 | ▼ 15.7% |
| Investment in fixed assets (approximation) | - | -€2,350 | €0 | €0 | -€3,473 | - |
| Change in cash | - | €43,221 | -€34,085 | -€5,321 | -€4,541 | ▲ 14.7% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €23,443 ▲7.1%
Operating result €23,703, net result €23,443, both a record.
16-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
07-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 7 days late
2021
30-06
Financial
Back to profitnet €1,739
Net result €1,739 after 2 loss-making years.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet -€27,708
Net result drops to -€27,708, the lowest in the series; recovery starts the following year.
03-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
24-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Wijnegem · 1 establishment unit since 2011
Ground area
148 m²
Building footprint
165 m²
Volume, LiDAR
646 m³
Parcel 11050A0425/00Y000, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Santos
since 20112.199.895.266
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050A0425/00Y000 | Flanders | 148 m² | 1 · 165 m² | 7.7 m · 1 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.
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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 24,517 companies in sector 82990 we hold annual accounts for 9,421. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-01-2011
Fiscal year end30-06
Trade name NL
Harmony Color & Style
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0832676308
Also
9925:BE0832676308
Registered
27-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.