Saunaconstruct
ActiveSummary
The computed 12-month bankruptcy probability of Saunaconstruct is 5.6% (elevated). The 2025 annual accounts show negative equity (-€50,237) and a net result of €18,945. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 9% of 9,664 sector peers (NACE 82, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-10-2009 Normal situation
- Activity
- Other business support services NACE 82990
- Joint committee
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 2023
- Establishment unit
- 2.182.100.320 8930 Menen, since 02-10-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.6%
- Gross margin
- €37,217
- ▼ 71.1%
- Turnover
- ≈ €92,000
- estimated
- Profit
- €18,945
- ▲ 197%
- Equity
- -€50,237
- ▲ 27.4%
- Total assets
- €209,679
- ▼ 66.6%
- Negative equity on 31-12-2025
- 2025 accounts filed 76 days after the deadline
Score breakdownraises riskLast filed accounts filed 76 days late; 3 of the last 3 accounts late1 change of registered office in 24 monthsLiquidity: current ratio 0.81, cash €306, halvedNegative equity -€50,237Show the evidence
Checked score
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 5% of them on solvency, 2% on liquidity, 29% on profitability and 73% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 70 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 76 days after the deadline Filed on 15 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00562051.
Annual accounts 2025 filed on 15-10-2026 at the NBB all 16 filings
Every figure per financial year
The operating result for 2025 is 4% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | - | 1 | 1 | - |
| part-time | - | 1 | 1 | - |
| in full-time equivalents | - | 0.8 | 0.8 | - |
| Average over the year, in full-time equivalents | 1 | 0.8 | 0.8 | 0.2 |
| On a permanent contract | 1 | 1 | 1 | - |
| Joined | - | - | - | 0 |
| Left | - | - | - | 1 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €122,674 | €29,965 | - | €1,569 | - |
| Intangible fixed assets | €3,295 | - | - | - | - |
| Depreciation and write-downs of the year | €65,454 | €77,719 | €78,487 | €75,694 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €51,165 | €42,630 | €48,187 | €13,340 | -€80 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,116 | €66,311 | €51,141 | €65,454 | €77,719 | €78,487 | €75,694 | - | - |
| Other operating charges640/8 | - | - | - | €5,239 | €5,376 | €5,653 | €5,456 | €4,444 | ▼ 18.5% |
| Non-recurring operating charges66A | - | - | - | €411 | - | - | - | - | - |
| Gross operating margin9900 | €151,156 | €141,628 | €122,457 | €133,231 | €80,492 | €56,395 | €128,863 | €37,217 | ▼ 71.1% |
| Operating profit (loss)9901 | €29,141 | €16,398 | €9,159 | €10,962 | -€45,232 | -€75,932 | €34,374 | €32,853 | ▼ 4.4% |
| Financial income75/76B | - | - | - | €353 | €42 | €182 | €742 | €5,619 | ▲ 657% |
| Recurring financial income75 | €433 | €820 | €515 | €353 | €42 | €182 | €742 | €5,619 | ▲ 657% |
| Financial charges65/66B | - | - | - | €9,402 | €8,559 | €31,686 | €28,322 | €19,110 | ▼ 32.5% |
| Recurring financial charges65 | €10,449 | €6,631 | €7,752 | €9,402 | €8,559 | €31,686 | €28,322 | €19,110 | ▼ 32.5% |
| Profit (loss) for the period before taxes9903 | €19,125 | €10,588 | €1,922 | €1,912 | -€53,750 | -€107,435 | €6,794 | €19,362 | ▲ 185% |
| Income taxes67/77 | €2,104 | €1,295 | €322 | €339 | €367 | €392 | €406 | €417 | ▲ 2.5% |
| Profit (loss) for the period9904 | €17,020 | €9,292 | €1,601 | €1,573 | -€54,116 | -€107,827 | €6,387 | €18,945 | ▲ 197% |
| Profit (loss) for the period to be appropriated9905 | €17,020 | €9,292 | €1,601 | €1,573 | -€54,116 | -€107,827 | €6,387 | €18,945 | ▲ 197% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €745,089 | €737,963 | €821,212 | €789,722 | €722,028 | €624,044 | €627,957 | €209,679 | ▼ 66.6% |
| Fixed assets21/28 | €384,886 | €443,184 | €532,194 | €592,298 | €544,544 | €466,057 | €391,931 | - | - |
| Intangible fixed assets21 | €865 | €577 | €288 | €3,072 | €2,413 | €1,754 | €1,095 | - | - |
| Tangible fixed assets22/27 | €384,021 | €442,607 | €531,906 | €589,227 | €542,132 | €464,303 | €390,836 | - | - |
| Land and buildings22 | - | - | - | €581,629 | €535,344 | €460,155 | €387,862 | - | - |
| Plant, machinery and equipment23 | - | - | - | €7,162 | €5,142 | €3,233 | €2,747 | - | - |
| Furniture and vehicles24 | - | - | - | €436 | €1,646 | €916 | €227 | - | - |
| Current assets29/58 | €360,203 | €294,779 | €289,018 | €197,424 | €177,484 | €157,987 | €236,026 | €209,679 | ▼ 11.2% |
| Stocks and contracts in progress3 | €101,060 | €114,560 | €106,319 | €73,443 | €59,812 | €17,933 | €16,950 | €1,007 | ▼ 94.1% |
| Stocks30/36 | - | - | - | €58,943 | €32,312 | €17,933 | €16,950 | €1,007 | ▼ 94.1% |
| Contracts in progress37 | - | - | - | €14,500 | €27,500 | - | - | - | - |
| Amounts receivable within one year40/41 | €241,264 | €120,350 | €160,430 | €95,244 | €101,305 | €108,316 | €209,404 | €207,950 | ▼ 0.7% |
| Trade receivables40 | - | - | - | €94,625 | €99,718 | €105,037 | €208,831 | €207,925 | ▼ 0.4% |
| Other amounts receivable41 | - | - | - | €618 | €1,586 | €3,279 | €573 | €24 | ▼ 95.7% |
| Cash at bank and in hand54/58 | €7,849 | €32,609 | €7,373 | €23,718 | €9,697 | €26,518 | €8,505 | €306 | ▼ 96.4% |
| Deferred charges and accrued income490/1 | - | - | - | €5,018 | €6,670 | €5,221 | €1,167 | €416 | ▼ 64.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €745,089 | €737,963 | €821,212 | €789,722 | €722,028 | €624,044 | €627,957 | €209,679 | ▼ 66.6% |
| Equity10/15 | €73,907 | €83,200 | €84,800 | €86,374 | €32,257 | -€75,569 | -€69,182 | -€50,237 | ▲ 27.4% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €20,460 | €20,460 | = |
| Reserves13 | €55,307 | €64,600 | €66,200 | €67,774 | €29,057 | €29,057 | €27,197 | €27,197 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €65,914 | €27,197 | €27,197 | €27,197 | €27,197 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€15,400 | -€123,226 | -€116,839 | -€97,894 | ▲ 16.2% |
| Amounts payable17/49 | €671,182 | €654,763 | €736,412 | €703,348 | €689,771 | €699,613 | €697,138 | €259,916 | ▼ 62.7% |
| Amounts payable after more than one year17 | €499,123 | €476,773 | €478,952 | €446,588 | €433,149 | €557,444 | €531,420 | €2,496 | ▼ 99.5% |
| Financial debts170/4 | - | - | - | €446,588 | €433,149 | €557,444 | €531,420 | €2,496 | ▼ 99.5% |
| Amounts payable within one year42/48 | €171,531 | €177,866 | €257,160 | €254,679 | €255,262 | €138,492 | €162,825 | €257,419 | ▲ 58.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €34,227 | €39,467 | €33,807 | €27,887 | €5,799 | ▼ 79.2% |
| Trade debts44 | €76,639 | €76,420 | €109,041 | €72,910 | €39,311 | €66,055 | €106,877 | €48,967 | ▼ 54.2% |
| Suppliers440/4 | - | - | - | €72,910 | €39,311 | €66,055 | €106,877 | €48,967 | ▼ 54.2% |
| Advances received on contracts in progress46 | - | - | - | - | €21,958 | €18,600 | €6,927 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €9,160 | €1,853 | €7,303 | €9,441 | €823 | ▼ 91.3% |
| Taxes450/3 | - | - | - | €7,898 | €737 | €5,609 | €9,441 | €823 | ▼ 91.3% |
| Remuneration and social security454/9 | - | - | - | €1,262 | €1,116 | €1,694 | - | - | - |
| Other amounts payable47/48 | - | - | - | €138,383 | €152,674 | €12,727 | €11,693 | €201,831 | ▲ 17× |
| Accrued charges and deferred income492/3 | - | - | - | €2,081 | €1,360 | €3,677 | €2,894 | €0 | ▼ 100.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,020 | €9,292 | €1,601 | €1,573 | -€54,116 | -€107,827 | €6,387 | €18,945 | ▲ 197% |
| + Depreciation and write-downs630 | €55,116 | €66,311 | €51,141 | €65,454 | €77,719 | €78,487 | €75,694 | - | - |
| Operating cash flow (approximation) | €72,136 | €75,604 | €52,741 | €67,028 | €23,602 | -€29,339 | €82,082 | €18,945 | ▼ 76.9% |
| Investment in fixed assets (approximation) | - | -€124,609 | -€140,151 | -€125,559 | -€29,965 | €0 | -€1,569 | - | - |
| Change in cash | - | €24,760 | -€25,236 | €16,345 | -€14,021 | €16,821 | -€18,013 | -€8,199 | ▲ 54.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,632 companies had the same profile as Saunaconstruct has now. Two years later, 91.8% were still going and 2.9% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Saunaconstruct itself is higher: 5.6% within 12 months. It rests on far more data about Saunaconstruct than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,632 companies, not a prediction for Saunaconstruct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-10-2026 | 2026-00562051 | |
| 31-12-2024 | micro format | 15-09-2025 | 2025-00496883 | |
| 31-12-2023 | micro format | 01-04-2025 | 2025-00061531 | |
| 31-12-2022 | micro format | 09-10-2023 | 2023-00484299 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20368860 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-61900179 | |
| 31-12-2019 | micro format | 24-07-2020 | 2020-33600171 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61300313 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-60300308 | |
| 31-12-2016 | micro format | 30-05-2017 | 2017-13400233 |
Board & ownership
Directors
Owners and capital
Owners
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Geheel bevoegdheden aan hem met mogelijkheid deel te delegeren, iedere bestuurder alleen mag alle handelingen nodig of nuttig voor voorwerp…”
Articles of association, deed of 03-04-2024 (in Dutch)
Network & group
Saunaconstruct shares no director with another company.
Companies at the same address
6 other companies- Clarysse, Anthony (sole trader) Establishment · since 2021 0771714182
- Vandevelde, Marc (sole trader) Establishment · since 2020 0752723859
- Warlop, Denise (sole trader) Establishment · since 2020 0748795062
- QUALITY CONCEPT Registered office · since 2016 0663618570
- Vereniging van mede-eigenaars Residentie Ten Ockere te Menen-Lauwe Leiestraat Registered office · since 2013 0503962015
- IMMODEM Registered office · since 1992 0443166967
Connections & network
1 current directorThe network starts from the directors of Saunaconstruct. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
06-05
Gazette deed
Registered office moved from Kortrijk-Marke to LauweNew seat: Leiestraat 69 bus 501 te 8930 Lauwe · Previous seat: Rekkemsestraat 264 te 8510 Kortrijk-Marke · Power of attorney3 points ▸
- Board meeting, 31-12-2025
- Registered-office move, Leiestraat 69 bus 501 te 8930 Lauwe
- Power of attorney, Luminad
03-04
Gazette deed
Reappointment: Franky PLATTEAU (director)Registered office clause · Power of attorney · Approval10 points ▸
- Director reappointment, Franky PLATTEAU (director (not named in the articles))
- Other provision, “kwijting zaakvoerder (bestuurder), beslissing over kwijting voor uitoefening mandaat op volgende jaarvergadering” (deed in Dutch)
- Registered office clause, “8510 Kortrijk (Marke), Rekkemsestraat 264” (deed in Dutch)
- Power of attorney, Bruno Raes
- Approval, “gecoördineerde tekst van de statuten, kennisname en goedkeuring” (deed in Dutch)
- General meeting, 01-03-2024
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “van rechtswege, artikel 39,§2 wet 23-03-2019 tot invoering WVV” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffen statutair onbeschikbare eigen vermogensrekening en beschikbaar maken voor uitkering” (deed in Dutch)
- Other provision, “doel bovenop vermogensvoordeel aan aandeelhouders”, / (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Rekkemsestraat 264, 8510 Kortrijk-Marke until 31-12-2025 · act of 06-05-2026
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34024A0215/00D002 | Flanders | 3,563 m² | 1 · 633 m² | 22.3 m · 4 |