SANVERCO
ActiveSummary
SANVERCO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €572,306 and a net result of €4,574. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 93% of 4616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-61
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 26.77 against 42.25 in 2024; short-term debt: 3.3% and cash: 0% of total assets), and 3.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.7%
Return on assets
0.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
22 d late
2023
29 d late
2022
38 d early
2021
34 d early
2020
12 d early
2019
1 d early
← 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 on the deadline day; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 22 August (4 of the last 5 filed years within 56 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?DELRUE GROUP ANZEGEM · 10 companies How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4,574▼ 97.4%
2024 · €177,663
Working capital
€509,287▲ 0.9%
2024 · €504,713
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€20,583€38,154▲ 85.4%-€4,415-€6,593▼ 49.4%-€5,803▲ 12.0%
Net result€11,107within the sector's middle half▲ 51.7%€33,440within the sector's middle half▲ 201%€7,707within the sector's middle half▼ 77.0%€177,663above the sector's middle half▲ 2,205%€4,574within the sector's middle half▼ 97.4%
Equity€348,922within the sector's middle half▲ 3.3%€382,362within the sector's middle half▲ 9.6%€390,069within the sector's middle half▲ 2.0%€567,732within the sector's middle half▲ 45.5%€572,306within the sector's middle half▲ 0.8%
Total assets€505,002below the sector's middle half▼ 55.9%€430,250below the sector's middle half▼ 14.8%€434,006below the sector's middle half▲ 0.9%€579,967below the sector's middle half▲ 33.6%€592,071below the sector's middle half▲ 2.1%
Debt€156,080▼ 80.6%€47,888▼ 69.3%€43,937▼ 8.3%€12,235▼ 72.2%€19,765▲ 61.5%
Working capital€192,307within the sector's middle half▲ 7.1%€230,165within the sector's middle half▲ 19.7%€239,300within the sector's middle half▲ 4.0%€504,713within the sector's middle half▲ 111%€509,287within the sector's middle half▲ 0.9%
Solvency69.1%above the sector's middle half▲ 39.6pp88.9%above the sector's middle half▲ 19.8pp89.9%above the sector's middle half▲ 1.0pp97.9%above the sector's middle half▲ 8.0pp96.7%above the sector's middle half▼ 1.2pp
Current ratio2.23within the sector's middle half▲ 1.015.81above the sector's middle half▲ 3.576.45above the sector's middle half▲ 0.6442.25above the sector's middle half▲ 35.8126.77above the sector's middle half▼ 15.49
Return on assets (ROA)2.2%within the sector's middle half▲ 1.6pp7.8%above the sector's middle half▲ 5.6pp1.8%within the sector's middle half▼ 6.0pp30.6%above the sector's middle half▲ 28.9pp0.8%within the sector's middle half▼ 29.9pp
Staff (FTE)3.8within the sector's middle half▼ 69.4%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -97% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,803 in 2025 against €6,593 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €592,071
Fixed assets
€63,019 =
Current assets
€529,052 ▲ 2.3%
Equity and liabilities €592,071
Equity
€572,306 ▲ 0.8%
Debt
€19,765 ▲ 61.5%
Debt's share of the balance-sheet total rises from 2.1% to 3.3%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.03▲
2024 · 0.02
ROE
0.8%▼
2024 · 31.3%
Debt ≤ 1 year
€19,765▲
2024 · €12,235
Income taxes
€1,682▲
2024 · €1,138
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 14,732 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €11,731 | €31,388 | €10,146 | - | - | - |
| Remuneration, social security and pensions62 | €131,813 | -€22,662 | - | - | - | - |
| Other operating charges640/8 | €1,079 | €980 | €384 | €634 | €578 | ▼ 8.9% |
| Gross operating margin9900 | €153,475 | €16,472 | -€4,030 | -€5,959 | -€5,225 | ▲ 12.3% |
| Operating profit (loss)9901 | €20,583 | €38,154 | -€4,415 | -€6,593 | -€5,803 | ▲ 12.0% |
| Financial income75/76B | €16,681 | €5,687 | €7,809 | €186,181 | €12,988 | ▼ 93.0% |
| Recurring financial income75 | €10,840 | €5,687 | €7,809 | €186,181 | €12,988 | ▼ 93.0% |
| Non-recurring financial income76B | €5,841 | - | - | - | - | - |
| Financial charges65/66B | €19,389 | -€1,772 | -€7,115 | €788 | €929 | ▲ 18.0% |
| Recurring financial charges65 | €17,829 | -€1,772 | -€7,115 | €788 | €929 | ▲ 18.0% |
| Non-recurring financial charges66B | €1,560 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €17,875 | €45,613 | €10,510 | €178,800 | €6,256 | ▼ 96.5% |
| Income taxes67/77 | €6,769 | €12,173 | €2,802 | €1,138 | €1,682 | ▲ 47.8% |
| Profit (loss) for the period9904 | €11,107 | €33,440 | €7,707 | €177,663 | €4,574 | ▼ 97.4% |
| Profit (loss) for the period to be appropriated9905 | €11,107 | €33,440 | €7,707 | €177,663 | €4,574 | ▼ 97.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €505,002 | €430,250 | €434,006 | €579,967 | €592,071 | ▲ 2.1% |
| Fixed assets21/28 | €156,615 | €152,197 | €150,769 | €63,019 | €63,019 | = |
| Tangible fixed assets22/27 | €48,840 | €44,422 | €42,994 | €42,994 | €42,994 | = |
| Land and buildings22 | €48,840 | €44,422 | €42,994 | €42,994 | €42,994 | = |
| Financial fixed assets28 | €107,775 | €107,775 | €107,775 | €20,025 | €20,025 | = |
| Current assets29/58 | €348,387 | €278,052 | €283,237 | €516,947 | €529,052 | ▲ 2.3% |
| Amounts receivable within one year40/41 | €336,995 | €266,868 | €272,451 | €503,904 | €529,047 | ▲ 5.0% |
| Trade receivables40 | €3,420 | €3,420 | €3,420 | €3,420 | €3,420 | = |
| Other amounts receivable41 | €333,575 | €263,448 | €269,031 | €500,484 | €525,627 | ▲ 5.0% |
| Cash at bank and in hand54/58 | €11,391 | €11,184 | €10,785 | €13,043 | €5 | ▼ 100.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €505,002 | €430,250 | €434,006 | €579,967 | €592,071 | ▲ 2.1% |
| Equity10/15 | €348,922 | €382,362 | €390,069 | €567,732 | €572,306 | ▲ 0.8% |
| Contributions10/11 | €306,000 | €306,000 | €306,000 | €306,000 | €306,000 | = |
| Capital10 | €306,000 | €306,000 | €306,000 | €306,000 | €306,000 | = |
| Issued capital100 | €306,000 | €306,000 | €306,000 | €306,000 | €306,000 | = |
| Reserves13 | €42,922 | €76,362 | €84,069 | €261,732 | €266,306 | ▲ 1.7% |
| Non-distributable reserves130/1 | €21,746 | €23,418 | €23,804 | €30,600 | €30,600 | = |
| Legal reserve130 | €21,746 | €23,418 | €23,804 | €30,600 | €30,600 | = |
| Distributable reserves133 | €21,176 | €52,944 | €60,266 | €231,132 | €235,706 | ▲ 2.0% |
| Amounts payable17/49 | €156,080 | €47,888 | €43,937 | €12,235 | €19,765 | ▲ 61.5% |
| Amounts payable within one year42/48 | €156,080 | €47,888 | €43,937 | €12,235 | €19,765 | ▲ 61.5% |
| Financial debts43 | €71,988 | €7 | - | €5 | €6 | ▲ 23.5% |
| Credit institutions430/8 | €71,988 | €7 | - | €5 | €6 | ▲ 23.5% |
| Trade debts44 | €56,045 | €26,484 | €32,260 | €11,113 | €10,097 | ▼ 9.1% |
| Suppliers440/4 | €56,045 | €26,484 | €32,260 | €11,113 | €10,097 | ▼ 9.1% |
| Taxes, remuneration and social security45 | €28,046 | €12,173 | €2,795 | €1,116 | €1,662 | ▲ 48.9% |
| Taxes450/3 | €6,769 | €12,173 | €2,795 | €1,116 | €1,662 | ▲ 48.9% |
| Remuneration and social security454/9 | €21,278 | - | - | - | - | - |
| Other amounts payable47/48 | - | €9,224 | €8,881 | - | €7,999 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,107 | €33,440 | €7,707 | €177,663 | €4,574 | ▼ 97.4% |
| Operating cash flow (approximation) | €11,107 | €33,440 | €7,707 | €177,663 | €4,574 | ▼ 97.4% |
| Investment in fixed assets (approximation) | - | €4,417 | €1,428 | €87,750 | €0 | ▼ 100% |
| Change in cash | - | -€207 | -€399 | €2,258 | -€13,038 | ▼ 678% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
31-12
Financial
Liquidity times 7current ratio 42.25
Current ratio from 6.45 to 42.25; short-term debt falls from €43,937 to €12,235.
31-12
Financial
Equity above €500,000Eq €567,732 ▲45.5%
6 profitable years in a row build equity to €567,732.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 5.81
Current ratio from 2.23 to 5.81; short-term debt falls from €156,080 to €47,888.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €266,711
Net result €266,711 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €630,495 ▲73.3%
Equity rises from €363,784 to €630,495.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Anzegem · 1 establishment unit since 2002
Ground area
606 m²
Parcel 34002F0926/00N002, Flanders. Linked by address, not a title deed.
24
companies at this address
See who is registered here
1 establishment unit
SANVERCO
since 20022.101.588.241
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34002F0926/00N002 | Flanders | 606 m² | - | - |
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.
Structure & network
Part of the group
DELRUE GROUP ANZEGEM
10 companies
Group, risk and exposure
Owners and holdings
1 owner · 2 holdingsChain of control
- DELRUE GROUP ANZEGEM
- SANVERCO
Highest known parent: DELRUE GROUP ANZEGEM. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 2
-
25%
-
25%
According to the 2025 annual accounts of SANVERCO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,614 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-09-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451017336
Also
9925:BE0451017336
Registered
17-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.