SAUNA-LINE
ActiveSummary
SAUNA-LINE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €53k. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 18280 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+57
Solvency29▲+17
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.54 in 2024; short-term debt: 94.8% and cash: 2.4% of total assets), and 95.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 18280 sector peers (2025).
NBB · sector comparisonPosition among 18280 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
7 d early
2023
7 d early
2022
7 d early
2021
31 d early
2020
31 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€14k
2024 · €-40k
2019: €-14k
2020: €-16k
2021: €-14k
2022: €-13k
2023: €-33k
2024: €-40k
2019 → 2025
Total assets
€325k▲ 4.7%
2024 · €310k
2019: €390k
2020: €351k
2021: €397k
2022: €340k
2023: €312k
2024: €310k
2019 → 2025
Net result
€53k
2024 · €-6k
2019: €-7k
2020: €-1k
2021: €2k
2022: €990
2023: €-21k
2024: €-6k
2019 → 2025
Working capital
€-114k▲ 23.1%
2024 · €-149k
2019: €-34k
2020: €-66k
2021: €-56k
2022: €-74k
2023: €-109k
2024: €-149k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-14k-€-13k▲ 7.2%€-33k▼ 163%€-40k▼ 18.7%€14k
Operating result€24k-€7k▼ 71.4%€-15k€-148▲ 99.0%€59k
Net result€2k-€990▼ 50.0%€-21k€-6k▲ 69.9%€53k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €59k after a loss of €148 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €325k
Fixed assets
€131k ▼ 1.0%
Current assets
€194k ▲ 9.0%
Equity and liabilities €325k
Equity
€14k
Debt
€311k
Debt finances 95.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€65k▲
2024 · €11k
Cash flow
€59k▲
2024 · €5k
Current ratio
0.63▲
2024 · 0.54
Quick ratio
0.17▲
2024 · 0.12
Debt / equity
23.04▲
2024 · -8.82
ROE
393.3%
ROA
16.4%▲
2024 · -2.0%
Interest coverage
12.05▲
2024 · 1.84
Debt ≤ 1 year
€308k▼
2024 · €326k
Debt > 1 year
€3k▼
2024 · €23k
Income taxes
€138▲
2024 · €134
Staff costs
€57k▲
2024 · €52k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€310k€325k▲
Fixed assets21/28€132k€131k▼
Tangible fixed assets22/27€129k€125k▼
Land and buildings22€106k€106k=
Plant, machinery and equipment23€22k€17k▼
Furniture and vehicles24€954€2k▲
Financial fixed assets28€3k€7k▲
Current assets29/58€178k€194k▲
Stocks and contracts in progress3€138k€143k▲
Stocks30/36€138k€143k▲
Amounts receivable within one year40/41€33k€43k▲
Trade receivables40€30k€43k▲
Other amounts receivable41€3k€50▼
Cash at bank and in hand54/58€6k€8k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€310k€325k▲
Equity10/15€-40k€14k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-60k€-7k▲
Amounts payable17/49€350k€311k▼
Amounts payable after more than one year17€23k€3k▼
Financial debts170/4€23k€3k▼
Amounts payable within one year42/48€326k€308k▼
Current portion of amounts payable after more than one year42€24k€20k▼
Trade debts44€15k€13k▼
Suppliers440/4€15k€13k▼
Taxes, remuneration and social security45€11k€9k▼
Taxes450/3€1k€5k▲
Remuneration and social security454/9€10k€5k▼
Other amounts payable47/48€276k€266k▼
Income statement
Code20242025
Remuneration, social security and pensions62€52k€57k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€6k▼
Other operating charges640/8€3k€8k▲
Gross operating margin9900€67k€130k▲
Operating profit (loss)9901€-148€59k▲
Financial income75/76B€51€30▼
Recurring financial income75€51€30▼
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€-6k€53k▲
Income taxes67/77€134€138▲
Profit (loss) for the period9904€-6k€53k▲
Profit (loss) for the period to be appropriated9905€-6k€53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-60k€-7k▲
Profit (loss) brought forward from the previous period14P€-54k€-60k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €53k
Net result €53k after 2 loss-making years.
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €-21k ▼2193%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
23-09
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.
Directors · office · real estate
Directors
1 act for this company is 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, Kuurne · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Beeklaan 398520 KuurneGround area
819 m²
Building footprint
132 m²
Volume, LiDAR
791 m³
Parcel 34023B0706/00K002, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Savons Gourmands
since 20062.153.572.719
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023B0706/00K002 | Flanders | 819 m² | 1 · 132 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CKAI
BE 0775.700.882
Koekelberg · Eq €14k
Antwerp Home Consulting
BE 0739.770.203
Brasschaat · Eq €13k
Oblify
BE 0778.399.363
Antwerpen · Eq €14k
Féréo
BE 0758.775.867
Stoumont · Eq €13k
RYMND
BE 0680.811.326
Mechelen · Eq €14k
Of 12,958 companies in sector 47120 we hold annual accounts for 2,190. 1,303 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-05-2006
Fiscal year end31-03
Activities, NACEBEL
43320Joinery installation
45421
47120Other non-specialised retail sale
47910Retail trade
43221Plumbing work
43350Other building finishing work
45332
47527Retail trade
47789Other retail sale of new goods
47890Retail trade
96040Personal service activities
96230Day spas, saunas and steam baths
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.