SANTOS CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of SANTOS CONCEPT is 3.8% (moderate). The 2024 annual accounts show equity of €114,003 and a net result of €5,779. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 84% of 36380 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability74=
Solvency100▲+24
Growth52=
Track record100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 4.29 against 1.91 in 2023; short-term debt: 22% and cash: 14.4% of total assets), and 22.2% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 06-10-2025, 67 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2023
65 d late
2022
136 d late
2021
64 d late
2020
45 d late
2019
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 73 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)
History
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Financials · fiscal year 2024, micro schema
Equity
€114,003▲ 5.3%
2023 · €108,223
Total assets
€146,516▼ 31.5%
2023 · €213,958
Net result
€5,779▼ 40.9%
2023 · €9,787
Working capital
€106,135▲ 13.2%
2023 · €93,738
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Operating result€29,241▲ 56.3%€87,558▲ 199%€26,923▼ 69.3%€12,813▼ 52.4%€6,942▼ 45.8%
Net result€13,344within the sector's middle half▼ 9.5%€51,951above the sector's middle half▲ 289%€13,147within the sector's middle half▼ 74.7%€9,787within the sector's middle half▼ 25.6%€5,779within the sector's middle half▼ 40.9%
Equity€33,339within the sector's middle half▲ 66.7%€85,290within the sector's middle half▲ 156%€98,437within the sector's middle half▲ 15.4%€108,223within the sector's middle half▲ 9.9%€114,003within the sector's middle half▲ 5.3%
Total assets€100,957within the sector's middle half▲ 227%€177,270within the sector's middle half▲ 75.6%€208,503within the sector's middle half▲ 17.6%€213,958within the sector's middle half▲ 2.6%€146,516within the sector's middle half▼ 31.5%
Debt€67,619▲ 520%€91,981▲ 36.0%€110,067▲ 19.7%€105,734▼ 3.9%€32,514▼ 69.2%
Working capital€22,094▲ 37.8%€67,119▲ 204%€78,943▲ 17.6%€93,738▲ 18.7%€106,135▲ 13.2%
Solvency33.0%within the sector's middle half▼ 31.7pp48.1%within the sector's middle half▲ 15.1pp47.2%within the sector's middle half▼ 0.9pp50.6%within the sector's middle half▲ 3.4pp77.8%above the sector's middle half▲ 27.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 has fallen three years in a row; 2024 is 46% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €146,516
Fixed assets
€8,122 ▼ 54.2%
Current assets
€138,394 ▼ 29.5%
Equity and liabilities €146,516
Equity
€114,003 ▲ 5.3%
Debt
€32,514 ▼ 69.2%
Debt's share of the balance-sheet total falls from 49.4% to 22.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,543▼
2023 · €23,116
Cash flow
€15,379▼
2023 · €20,089
Current ratio
4.29▲
2023 · 1.91
Debt to equity
0.29▼
2023 · 0.98
ROE
5.1%▼
2023 · 9.0%
ROA
3.9%▼
2023 · 4.6%
Interest coverage
69.59▲
2023 · 28.76
Debt ≤ 1 year
€32,259▼
2023 · €102,497
Debt > 1 year
€254▼
2023 · €3,237
Income taxes
€2,779▼
2023 · €3,651
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.8% 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 497,058 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% | 1.6% |
| 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 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 5,047 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,788 | €10,113 | €9,496 | €10,302 | €9,600 | ▼ 6.8% |
| Other operating charges640/8 | - | €2,817 | €7,327 | €4,448 | €5,826 | ▲ 31.0% |
| Gross operating margin9900 | €35,641 | €100,488 | €43,746 | €27,563 | €22,369 | ▼ 18.8% |
| Operating profit (loss)9901 | €29,241 | €87,558 | €26,923 | €12,813 | €6,942 | ▼ 45.8% |
| Financial income75/76B | - | €506 | €1,295 | €1,428 | €1,853 | ▲ 29.8% |
| Recurring financial income75 | €195 | €506 | €1,295 | €1,428 | €1,853 | ▲ 29.8% |
| Financial charges65/66B | - | €22,344 | €9,630 | €804 | €238 | ▼ 70.4% |
| Recurring financial charges65 | €12,428 | €22,344 | €9,630 | €804 | €238 | ▼ 70.4% |
| Profit (loss) for the period before taxes9903 | €17,008 | €65,720 | €18,589 | €13,438 | €8,558 | ▼ 36.3% |
| Income taxes67/77 | €3,664 | €13,770 | €5,441 | €3,651 | €2,779 | ▼ 23.9% |
| Profit (loss) for the period9904 | €13,344 | €51,951 | €13,147 | €9,787 | €5,779 | ▼ 40.9% |
| Profit (loss) for the period to be appropriated9905 | €13,344 | €51,951 | €13,147 | €9,787 | €5,779 | ▼ 40.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €100,957 | €177,270 | €208,503 | €213,958 | €146,516 | ▼ 31.5% |
| Fixed assets21/28 | €17,201 | €31,015 | €27,619 | €17,723 | €8,122 | ▼ 54.2% |
| Tangible fixed assets22/27 | €17,201 | €31,015 | €24,819 | €14,923 | €5,322 | ▼ 64.3% |
| Plant, machinery and equipment23 | - | €3,101 | €4,727 | €2,653 | €875 | ▼ 67.0% |
| Leasing and similar rights25 | - | €27,915 | €20,092 | €12,270 | €4,447 | ▼ 63.8% |
| Financial fixed assets28 | - | - | €2,800 | €2,800 | €2,800 | = |
| Current assets29/58 | €83,756 | €146,255 | €180,885 | €196,235 | €138,394 | ▼ 29.5% |
| Amounts receivable within one year40/41 | €79,925 | €81,083 | €176,474 | €183,424 | €82,707 | ▼ 54.9% |
| Trade receivables40 | - | €65,487 | €153,522 | €153,460 | €45,900 | ▼ 70.1% |
| Other amounts receivable41 | - | €15,597 | €22,953 | €29,964 | €36,807 | ▲ 22.8% |
| Cash at bank and in hand54/58 | €3,831 | €63,109 | €2,307 | €10,877 | €21,128 | ▲ 94.2% |
| Deferred charges and accrued income490/1 | - | €2,062 | €2,103 | €1,934 | €34,560 | ▲ 1,687% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €100,957 | €177,270 | €208,503 | €213,958 | €146,516 | ▼ 31.5% |
| Equity10/15 | €33,339 | €85,290 | €98,437 | €108,223 | €114,003 | ▲ 5.3% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €737 | €737 | €737 | €737 | €737 | = |
| Non-distributable reserves130/1 | - | €737 | €737 | €737 | €737 | = |
| Reserves not available under the articles1311 | - | €737 | €737 | €737 | €737 | = |
| Profit (loss) carried forward14 | €20,202 | €72,153 | €85,300 | €95,087 | €100,866 | ▲ 6.1% |
| Amounts payable17/49 | €67,619 | €91,981 | €110,067 | €105,734 | €32,514 | ▼ 69.2% |
| Amounts payable after more than one year17 | €5,956 | €12,844 | €8,125 | €3,237 | €254 | ▼ 92.1% |
| Financial debts170/4 | - | €12,844 | €8,125 | €3,237 | €254 | ▼ 92.1% |
| Amounts payable within one year42/48 | €61,663 | €79,136 | €101,941 | €102,497 | €32,259 | ▼ 68.5% |
| Current portion of amounts payable after more than one year42 | - | €4,557 | €4,719 | €4,888 | €7,245 | ▲ 48.2% |
| Trade debts44 | €39,170 | €54,245 | €39,760 | €40,607 | €11,438 | ▼ 71.8% |
| Suppliers440/4 | - | €54,245 | €39,760 | €40,607 | €11,438 | ▼ 71.8% |
| Taxes, remuneration and social security45 | - | €20,335 | €57,462 | €57,002 | €13,577 | ▼ 76.2% |
| Taxes450/3 | - | €14,370 | €50,008 | €47,024 | €11,455 | ▼ 75.6% |
| Remuneration and social security454/9 | - | €5,965 | €7,455 | €9,978 | €2,122 | ▼ 78.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,344 | €51,951 | €13,147 | €9,787 | €5,779 | ▼ 40.9% |
| + Depreciation and write-downs630 | €5,788 | €10,113 | €9,496 | €10,302 | €9,600 | ▼ 6.8% |
| Operating cash flow (approximation) | €19,132 | €62,064 | €22,644 | €20,089 | €15,379 | ▼ 23.4% |
| Investment in fixed assets (approximation) | - | -€23,928 | -€6,100 | -€406 | €0 | ▲ 100% |
| Change in cash | - | €59,278 | -€60,802 | €8,570 | €10,251 | ▲ 19.6% |
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
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
31-12
Financial
Weakest financial yearnet €5,779 ▼40.9%
Net result drops to €5,779, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 4.29
Current ratio from 1.91 to 4.29; short-term debt falls from €102,497 to €32,259.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Equity above €100,000Eq €108,223 ▲9.9%
5 profitable years in a row build equity to €108,223.
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 136 days late
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 64 days late
2021
31-12
Financial
Highest result since 2019net €51,951 ▲289%
Operating result €87,558, net result €51,951, both a record.
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 45 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
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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, Ukkel · 1 establishment unit since 2019
Ground area
1,616 m²
Building footprint
1,089 m²
Volume, LiDAR
6,528 m³
Parcel 21614E0126/00A002, Brussels · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
313
companies at this address
See who is registered here
1 establishment unit
SANTOS CONCEPT
since 20192.287.707.584
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0126/00A002 | Brussels | 1,616 m² | 1 · 1,089 m² | 12.7 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.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 6,205 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Contact
Phone
00000000000Ukkel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0723765795
Also
9925:BE0723765795
Registered
02-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.