SAUNA 422

Active

Private limited companyfounded 20242 yrs activeAvenue Emile Herman 422, 7170 Manage, BelgiumKBO/BCE: BE 1012.363.957

Summary

The computed 12-month bankruptcy probability of SAUNA 422 is 4.6% (elevated). The 2024 annual accounts show equity of €6,061 and a net result of €3,561. Its solvency ranks better than 67% of 6166 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

SAUNA 422ActiveChecked score 42/100

Risk analysis Report Compare

Activity

Day spas, saunas and steam baths

NACE 96230NACE 96040

1 site

Size

€13,133total assets 2024

Equity: €6,061
Profit: €3,561

Turnover not published (abridged schema)

Financial health

42 Weak Checked score 2024

Bankruptcy chance 12 m: 4.6%

Structure

Accounts filed 202 d late

Why 42- Founded in 2024- 1 financial year not filed after the legal deadline; latest accounts 202 days late; 1 of the last 3 late+ No annual accounts with figuresShow the evidence

Checked score

Score 2024

42 / 100

Weak

Probability in this band: 4.2% to 15.0%

Better than 83% of its sector peers (NACE 96, without accounts)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength

Strong

Solvency 71

equity 46.1% of total assets

Liquidity 62

short-term debt 53.9% · cash 31.6%

Profitability 100

return on assets 27.1%

Bankruptcy probability, 12 months

4.6% Elevated

0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (2,804 companies)

Last 24 months 09-2025: 1.6%lowest value 10-2025: 1.7%▲ +2.7% vs 09-2025 11-2025: 1.7%▲ +2.1% vs 10-2025 12-2025: 2.1%▲ +23.3% vs 11-2025 01-2026: 2.1%▲ +0.5% vs 12-2025 02-2026: 2.3%▲ +10.5% vs 01-2026 03-2026: 4.2%▲ +81.4% vs 02-2026 04-2026: 4.3%▲ +1.2% vs 03-2026 05-2026: 4.2%▼ -1.4% vs 04-2026 06-2026: 4.2%▼ -0.2% vs 05-2026 07-2026: 4.4%▲ +4.0% vs 06-2026 08-2026: 4.5%▲ +3.9% vs 07-2026 09-2026: 4.6%▲ +1.0% vs 08-2026highest value 10-2026: 4.6%● 0.0% vs 09-2026highest value

Founded in 2024 raises the probability for this profile
1 financial year not filed after the legal deadline; latest accounts 202 days late; 1 of the last 3 late raises the probability
No annual accounts with figures lowers the probability

No publishable credit limit; credit only on tighter terms

Liquidity ample (current ratio 1.86; short-term debt: 53.9% and cash: 31.6% of total assets), but 53.9% 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 96, without accounts). Better than this share of them on solvency 82%, liquidity 80%, profitability 87%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk

Founded in 2024

In the bankruptcy model this factor raises the probability for this profile.

KBO

1 financial year not filed after the legal deadline; latest accounts 202 days late; 1 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

No annual accounts with figures

In the bankruptcy model this factor lowers the probability.

NBB · filings

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-02-2026, 202 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 1 filing

Deviation from the deadline

2024

202 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 202 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage