SAUNATE
ActiveSummary
SAUNATE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €488,619 and a net result of €133,795. Equity is growing by ~37.7% per year across the filed fiscal years. Its solvency ranks better than 66% of 708 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+5
Solvency70▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.24 in 2024; short-term debt: 41.8% and cash: 10.5% of total assets), and 55.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
44.6%
Return on assets
12.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
12 d late
2023
1 d late
2022
on the day
2021
on the day
2020
2 d late
2019
21 d late
← 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 4 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 company by equity in Nazareth-De Pinte, Accommodation and food service sector#8 company by total assets in Nazareth-De Pinte, Accommodation and food service sector
Equity
€488,619▲ 37.7%
2024 · €354,824
Total assets
€1.1m▲ 2.3%
2024 · €1.1m
Net result
€133,795▲ 51.9%
2024 · €88,086
Working capital
-€319,777▲ 14.5%
2024 · -€373,809
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€904€95,322€169,959▲ 78.3%€138,300▼ 18.6%€214,056▲ 54.8%
Net result-€10,765within the sector's middle half€85,951within the sector's middle half€118,510within the sector's middle half▲ 37.9%€88,086above the sector's middle half▼ 25.7%€133,795above the sector's middle half▲ 51.9%
Equity€86,277within the sector's middle half▼ 11.1%€172,228within the sector's middle half▲ 99.6%€266,738within the sector's middle half▲ 54.9%€354,824above the sector's middle half▲ 33.0%€488,619within the sector's middle half▲ 37.7%
Total assets€1.1mwithin the sector's middle half▲ 5.9%€1.1mwithin the sector's middle half▲ 0.6%€1.1mwithin the sector's middle half▲ 3.9%€1.1mabove the sector's middle half▼ 3.4%€1.1mwithin the sector's middle half▲ 2.3%
Debt€975,009▲ 7.7%€895,236▼ 8.2%€842,636▼ 5.9%€716,303▼ 15.0%€606,877▼ 15.3%
Working capital-€456,578below the sector's middle half▼ 4.3%-€417,737below the sector's middle half▲ 8.5%-€401,314below the sector's middle half▲ 3.9%-€373,809below the sector's middle half▲ 6.9%-€319,777below the sector's middle half▲ 14.5%
Solvency8.1%within the sector's middle half▼ 1.6pp16.1%within the sector's middle half▲ 8.0pp24.0%within the sector's middle half▲ 7.9pp33.1%within the sector's middle half▲ 9.1pp44.6%within the sector's middle half▲ 11.5pp
Current ratio0.20below the sector's middle half▲ 0.100.24below the sector's middle half▲ 0.040.28below the sector's middle half▲ 0.040.24within the sector's middle half▼ 0.040.30within the sector's middle half▲ 0.06
Return on assets (ROA)-1.0%within the sector's middle half▼ 1.0pp8.1%within the sector's middle half▲ 9.1pp10.7%above the sector's middle half▲ 2.6pp8.2%above the sector's middle half▼ 2.5pp12.2%above the sector's middle half▲ 4.0pp
Staff (FTE)3.1within the sector's middle half▼ 49.2%3.5within the sector's middle half▲ 12.9%3.9within the sector's middle half▲ 11.4%4.5▲ 15.4%6.6within the sector's middle half▲ 46.7%
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€957,330 ▲ 0.6%
Current assets
€138,166 ▲ 15.6%
Equity and liabilities €1.1m
Equity
€488,619 ▲ 37.7%
Debt
€606,877 ▼ 15.3%
Debt's share of the balance-sheet total falls from 66.9% to 55.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€251,733▲
2024 · €161,526
Cash flow
€171,473▲
2024 · €111,311
Debt to equity
1.24▼
2024 · 2.02
ROE
27.4%▲
2024 · 24.8%
Interest coverage
19.11▼
2024 · 26.70
Debt ≤ 1 year
€457,943▼
2024 · €493,371
Debt > 1 year
€128,867▼
2024 · €222,932
Income taxes
€67,391▲
2024 · €46,701
Staff costs
€322,413▲
2024 · €159,985
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €10,442 | - |
| Remuneration, social security and pensions62 | - | €153,252 | €164,117 | €159,985 | €322,413 | ▲ 102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,846 | €12,881 | €18,933 | €23,226 | €37,677 | ▲ 62.2% |
| Other operating charges640/8 | - | €2,238 | €3,340 | €5,267 | €5,006 | ▼ 4.9% |
| Non-recurring operating charges66A | - | - | - | - | €2,355 | - |
| Gross operating margin9900 | €57,550 | €263,693 | €356,349 | €326,778 | €581,507 | ▲ 78.0% |
| Operating profit (loss)9901 | -€904 | €95,322 | €169,959 | €138,300 | €214,056 | ▲ 54.8% |
| Financial income75/76B | - | - | - | €2,535 | €302 | ▼ 88.1% |
| Recurring financial income75 | - | - | - | €2,535 | €302 | ▼ 88.1% |
| Financial charges65/66B | - | €6,974 | €6,250 | €6,049 | €13,171 | ▲ 118% |
| Recurring financial charges65 | €9,745 | €6,974 | €6,250 | €6,049 | €13,171 | ▲ 118% |
| Profit (loss) for the period before taxes9903 | -€10,649 | €88,348 | €163,709 | €134,786 | €201,186 | ▲ 49.3% |
| Income taxes67/77 | €116 | €2,397 | €45,199 | €46,701 | €67,391 | ▲ 44.3% |
| Profit (loss) for the period9904 | -€10,765 | €85,951 | €118,510 | €88,086 | €133,795 | ▲ 51.9% |
| Profit (loss) for the period to be appropriated9905 | -€10,765 | €85,951 | €118,510 | €88,086 | €133,795 | ▲ 51.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 2.3% |
| Fixed assets21/28 | €947,489 | €934,967 | €952,491 | €951,565 | €957,330 | ▲ 0.6% |
| Tangible fixed assets22/27 | €47,014 | €34,492 | €52,016 | €51,090 | €56,855 | ▲ 11.3% |
| Plant, machinery and equipment23 | - | €8,607 | €23,551 | €14,244 | €23,041 | ▲ 61.8% |
| Furniture and vehicles24 | - | €3,663 | €13,650 | €29,439 | €16,144 | ▼ 45.2% |
| Other tangible fixed assets26 | - | €22,222 | €14,815 | €7,407 | €17,670 | ▲ 139% |
| Financial fixed assets28 | €900,475 | €900,475 | €900,475 | €900,475 | €900,475 | = |
| Current assets29/58 | €113,797 | €132,497 | €156,883 | €119,561 | €138,166 | ▲ 15.6% |
| Amounts receivable within one year40/41 | €61,501 | €47,791 | €55,749 | €8,493 | €17,159 | ▲ 102% |
| Trade receivables40 | - | €29,191 | €48,499 | €7,765 | €17,159 | ▲ 121% |
| Other amounts receivable41 | - | €18,600 | €7,250 | €728 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €52,296 | €84,706 | €101,134 | €111,068 | €115,015 | ▲ 3.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €5,993 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 2.3% |
| Equity10/15 | €86,277 | €172,228 | €266,738 | €354,824 | €488,619 | ▲ 37.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €96,370 | €184,456 | €318,252 | ▲ 72.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | €94,510 | €184,456 | €318,252 | ▲ 72.5% |
| Profit (loss) carried forward14 | €65,817 | €151,768 | €151,768 | €151,768 | €151,768 | = |
| Amounts payable17/49 | €975,009 | €895,236 | €842,636 | €716,303 | €606,877 | ▼ 15.3% |
| Amounts payable after more than one year17 | €404,634 | €345,002 | €284,439 | €222,932 | €128,867 | ▼ 42.2% |
| Financial debts170/4 | - | €345,002 | €284,439 | €222,932 | €128,867 | ▼ 42.2% |
| Amounts payable within one year42/48 | €570,375 | €550,234 | €558,197 | €493,371 | €457,943 | ▼ 7.2% |
| Current portion of amounts payable after more than one year42 | - | €59,632 | €60,563 | €61,507 | €62,953 | ▲ 2.3% |
| Trade debts44 | €134,522 | €95,270 | €74,339 | €46,016 | €51,027 | ▲ 10.9% |
| Suppliers440/4 | - | €95,270 | €74,339 | €46,016 | €51,027 | ▲ 10.9% |
| Advances received on contracts in progress46 | - | - | - | - | €3,880 | - |
| Taxes, remuneration and social security45 | - | €17,750 | €43,477 | €38,278 | €32,721 | ▼ 14.5% |
| Taxes450/3 | - | €2,250 | €25,151 | €24,515 | €7,125 | ▼ 70.9% |
| Remuneration and social security454/9 | - | €15,500 | €18,326 | €13,763 | €25,596 | ▲ 86.0% |
| Other amounts payable47/48 | - | €377,582 | €379,818 | €347,569 | €307,363 | ▼ 11.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €20,067 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,765 | €85,951 | €118,510 | €88,086 | €133,795 | ▲ 51.9% |
| + Depreciation and write-downs630 | €12,846 | €12,881 | €18,933 | €23,226 | €37,677 | ▲ 62.2% |
| Operating cash flow (approximation) | €2,081 | €98,832 | €137,443 | €111,311 | €171,473 | ▲ 54.0% |
| Investment in fixed assets (approximation) | - | -€359 | -€36,457 | -€22,300 | -€43,442 | ▼ 94.8% |
| Change in cash | - | €32,410 | €16,428 | €9,934 | €3,946 | ▼ 60.3% |
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
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €133,795 ▲51.9%
Operating result €214,056, net result €133,795, both a record.
12-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
01-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
30-06
Financial
Equity above €200,000Eq €266,738 ▲54.9%
2 profitable years in a row build equity to €266,738.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Back to profitnet €85,951
Net result €85,951 after one loss-making year.
30-06
Financial
Equity above €150,000Eq €172,228 ▲99.6%
Equity rises from €86,277 to €172,228.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet -€10,765
Net result drops to -€10,765, the lowest in the series; recovery starts the following year.
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
2020
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
Show earlier events
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-01
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.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Nazareth-De Pinte · 1 establishment unit since 2015
Ground area
3,275 m²
Building footprint
1,342 m²
Volume, LiDAR
5,903 m³
Parcel 44018A0216/00T000, Flanders · tallest building 10.6 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Saunate - Newsaunate
since 20152.242.393.342
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018A0216/00T000 | Flanders | 3,275 m² | 1 · 1,342 m² | 10.6 m · 1 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
99%
According to the 2025 annual accounts of SAUNATE 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNazareth-De Pinte2.242.393.342
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Of 2,392 companies in this sector we hold annual accounts for 1,519. 1,090 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded16-03-2015
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
96230Day spas, saunas and steam baths
47120Other non-specialised retail sale
68201Renting and operating of own or leased residential real estate, excluding social housing
96210Hairdressing and barber services
96220Beauty care and other beauty treatments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0603984653
Also
9925:BE0603984653
Registered
29-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.